The global Capsule Filling Machines Market is estimated to be valued at US$ 1.92 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Capsule filling machines are used for filling capsules with powder, granules or pellets in the pharmaceutical and nutraceutical industries. It offers advantages like high production speed and accuracy in filling different sizes of capsules. The growing pharmaceutical and nutraceutical industries are driving the need for capsule filling machines.
Market key trends:
Semi-automated capsule filling machines are gaining more traction compared to manual and automated machines. These machines offer moderate production speed and reduced costs compared to fully automated machines. They are suitable for small to medium businesses requiring filling of a few thousand capsules per hour. Also, the capability of semi-automated machines to fill different capsule sizes with accurate filling and minimal wastage is increasing their adoption. Further, efforts by manufacturers towards developing capsule filling machines integrated with capsules counter and inspection systems are expected to fuel the demand.
Segment Analysis
The capsule filling machines market is dominated by the semi-automatic segment. Semi-automatic capsule filling machines offer higher productivity compared to manual filling machines as well as lower costs compared to fully automatic machines. Their intermittent operation allows for changing of capsule size and filling without completely stopping the production, making them very versatile for multi-product operations.
Key Takeaways
The global capsule filling machines market is expected to witness high growth, exhibiting a CAGR of 6.7% over the forecast period, due to increasing demand for capsules from the pharmaceutical industry.
Regional analysis
Europe holds the major share of the capsule filling machines market currently. However, Asia Pacific is expected to grow at the highest CAGR during the forecast period due to expansion of pharmaceutical companies in emerging economies such as India and China.
Key players
Key players operating in the capsule filling machines market are Robert Bosch GmbH, IMA S.p.A., MG2 s.r.l., Romaco Group, ACIC Pharmaceutical Machinery, Torpac Inc., Dott Bonapace & C Srl, Schaefer Technologies, Inc., TITAN PHARMACEUTICAL MACHINERY, Adinath International, ACG Worldwide, Jornen Machinery Co., Ltd., Hanningfield Process Systems Ltd., N.K Industries, Kambert Machinery Co. Pvt. Ltd., SaintyTec, Cap Plus Technologies Pvt. Ltd., Hanlin Hangyu Industrial Co., Ltd., Harro Höfliger Verpackungsmaschinen GmbH, Qualicaps
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
