Empty Capsules Market Size, Share, Growth Analysis, By Product(Gelatine Capsules, and Non-gelatine Capsules), By Functionality(Immediate-Release Capsules, Sustained-Release Capsules, and Delayed-Release Capsules), By Application(Antibiotic and Antibacterial Drugs, Dietary Supplements, Antacid, and Antiflatulent Preparations), By End-use(Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry and Research Laboratories), By Region - Industry Forecast 2024-2031

Global Empty Capsules Market size was valued at USD 2.70 billion in 2022 and is poised to grow from USD 2.89 billion in 2023 to USD 4.96 billion by 2031, growing at a CAGR of 7% during the forecast period (2024-2031).

The surging prevalence of chronic diseases around the world and rising sales of pharmaceuticals are projected to drive the demand for empty capsules over the coming years. The growing geriatric population is also a key contributor to empty capsules market growth around the world. Rising use of advanced drug delivery technologies, high availability of new capsule delivery systems, and rising investments in pharmaceutical R&D are other factors that could also uplift sales of empty capsules across the forecast period and beyond. Targeting emerging countries where investments in healthcare infrastructure development are high will also be a key opportunity for empty capsule suppliers going forward. On the contrary, fluctuations in raw material pricing, competition from other drug delivery forms, and the complexity of capsule filling process are slated to be some key restraints slowing down empty capsules market development. 

US Empty Capsules Market is poised to grow at a sustainable CAGR for the next forecast year.