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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 to fill capsules with powder, pellets, and liquids. These are used primarily in pharmaceutical and nutraceutical industries. Capsule filling machines are automated machines that fill capsules at high speed and precision. They offer advantages like minimizing errors, improving productivity and quality control. The demand for capsule filling machines is increasing due to the growing pharmaceutical industry and rising demand for dietary supplements globally.
Market key trends:
One of the key trends in capsule filling machines market is increasing automation. Manufacturers are focusing on developing advanced automated machines integrated with robotics and Internet of Things (IoT) capabilities. These automated machines offer high speeds of up to 400 capsules per minute. Another trend is the development of multifunction capsule filling machines. These machines can perform multiple operations like capsule filling, capsuling, inspection, packaging and labeling in a single setup. Moreover, to meet stringent regulations, manufacturers are offering quality control and traceability features in capsule filling machines. The demand for inspection and detection technologies like x-ray, metal detection and vision systems is also growing.
Porter’s Analysis
Threat of new entrants: Low barrier to enter the market allow new players enter the industry, which increases competition.
Bargaining power of buyers: Large buyers have significant influence over suppliers and prices due to their volumes.
Bargaining power of suppliers: Few global players supplying machinery increases supplier power over buyers on technology and pricing.
Threat of new substitutes: Technological advancements can lead to new filling techniques and substitute products like sachets.
Competitive rivalry: Intense competition exists among global players on pricing, product offerings, and technological innovation.
Key Takeaways
The global capsule filling machines market size is expected to reach US$ 2.97 Bn by 2030, expanding at a CAGR of 6.7% during the forecast period. Rapid growth in pharmaceutical and nutraceutical industries drives the capsule filling machines demand.
Regional analysis: Asia Pacific holds the major share in the capsule filling machines market led by China, India. Rising generic drugs production and growing nutraceutical industry boost the regional market. North America and Europe also capture significant shares with presence of major capsule manufacturers and technological advancements.
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
