Market Overview:
Capsule filling machines are used to fill capsules with powders, pellets, tablets or powders in the pharmaceutical, nutraceutical, dietary supplement and many other industries. They help in trouble-free handling of capsules and filling with precise quantities. The automated machines offer high-speed production capacities compared to manual filling. They help improve accuracy and consistency in filling process. Capsule filling machines are available in both manual and automatic models suitable for small to large production volumes.
Market key trends:
One of the key trends in the capsule filling machines market is the rising demand for automated filling machines. With growing pharmaceutical production volumes, manufacturers are relying more on automated equipment to improve efficiency and reduce production costs. Automated machines offer standardized filling process, minimizes errors and guarantees filling accuracy. They can fill thousands of capsules per hour depending on the model. Also, developments towards capsule filling machines integrated with inspection, sorting and packaging units is boosting their adoption rates. This integration streamlines capsule production reducing operational complexities.
The global Capsule Filling Machines Market Demand 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.
Porter’s Analysis
Threat of new entrants: Low capital requirements and abundant availability of raw material lowers the threat of new entrants in the capsule filling machines market. However, established players have strong brand image and distribution networks.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute packaging solutions. However, capsules are preferred for advantages like ease of consumption.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute raw materials and components. Established OEMs also have in-house manufacturing capabilities.
Threat of new substitutes: Threat from substitutes like sachets is low due to capsules being hassle-free for consumption and transportation. New applications in nutraceuticals and cosmetics are creating opportunities.
Competitive rivalry: Intense competition exists among existing players due to regional and global presence. Emphasis is on automation, customization and production efficiency.
Key Takeaways
The global capsule filling machines market is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing demand from pharmaceutical and nutraceutical industries.
Regional analysis: Asia Pacific dominates the market and is expected to grow at fastest rate due to expanding pharmaceutical industry in India and China. North America and Europe also capture significant shares.
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:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
