Hydroxypropyl methylcellulose (HPMC) capsules are used in the pharmaceutical industry to encapsulate solid, semisolid, or liquid drugs. These capsules have several advantages over traditional gelatin capsules, including better stability, reduced risk of cross-linking, and compatibility with a wider range of ingredients. The HPMC capsules market has been growing steadily in recent years, driven by the increasing demand for plant-based and vegetarian-friendly capsules.
Market Size and Trends:
The Pharmaceutical Companies segment is projected to expand at 10.8% CAGR over the forecast period and be valued at more than US$ 120 Mn by 2025 end. This segment is estimated to account for over 20% revenue share of the global HPMC capsules market by 2017 end but is expected to lose 23 BPS in its market share by 2025 over 2017.
This segment is expected to create absolute $ opportunity of US$ 7.4 Mn in 2018 over 2017. The revenue of the Pharmaceutical Companies segment in the global HPMC capsules market is expected to grow 2.2X by 2025 end as compared to that in 2017. This segment is anticipated to be the second most lucrative segment in the global HPMC capsules market by end user, with a market attractiveness index of 0.9 during the forecast period.
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Key Players:
The HPMC capsules market is highly competitive, with several players operating globally. Some of the key players in the market include Capsugel, ACG Worldwide, Suheung Co. Ltd., Qualicaps, Shanxi Guangsheng Medicinal Capsule Co. Ltd., and Bright Pharma Caps Inc. These companies are investing in research and development to develop innovative products and expand their product portfolios to meet the growing demand for HPMC capsules.
Conclusion:
The HPMC capsules market is expected to continue growing in the coming years, driven by the increasing demand for plant-based and vegetarian-friendly capsules, and the growing demand for innovative drug delivery systems. As the pharmaceutical and nutraceutical industries continue to grow, the demand for HPMC capsules is expected to rise, creating opportunities for players in the market to expand their businesses and increase their market share.