Global Tablet Coatings Market

Tablet Coatings Market Size, Share, Growth Analysis, By Type(Sugar Coating, Film Coating, Enteric Coating, and Functional Coating.), By Application(Pharmaceutical Industry, Nutraceutical Industry, Food Industry, and Others.), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2260 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Tablet Coatings Market News

  • In March 2023, Colorcon announced the launch of its new Soluplus® Encapsulation Technology. This technology is designed to improve the solubility and bioavailability of poorly water-soluble drugs. [March 2023, Colorcon]
  • In February 2023, Sensient Technologies announced the expansion of its tablet coating capabilities in the US. The company is investing $10 million in the expansion, which is expected to be completed by the end of 2023. The expansion will increase the company's tablet coating capacity by 50%. [February 2023, Sensient Technologies]
  • In January 2023, Evonik announced the launch of its new Soluplus® Aqua Dispersible Film Coating. This coating is designed to improve the dissolution and absorption of poorly water-soluble drugs. [January 2023, Evonik]
  • In December 2022, BASF announced the launch of its new Biopolymer-Based Tablet Coating. This coating is designed to be more environmentally friendly than traditional tablet coatings. [December 2022, BASF]
  • In November 2022, Kerry announced the launch of its new Taste-Masking Tablet Coating. This coating is designed to mask the taste of bitter or unpleasant-tasting drugs. [November 2022, Kerry]
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FAQs

Tablet Coatings Market size was valued at USD 80 million in 2021 and is poised to grow from USD 85.84 million in 2022 to USD 150.83 million by 2030, growing at a CAGR of 7.3% in the forecast period (2023-2030).

The competitive landscape of the tablet coatings market is driven by factors such as product innovation, research and development activities, and customer-centric approaches. Companies focus on developing advanced tablet coating formulations that offer improved functionality, such as enhanced drug release profiles, extended shelf life, and improved patient compliance. Innovations in coating technologies, such as the development of eco-friendly and sustainable coatings, are also gaining prominence in response to growing environmental concerns. 'Colorcon Inc. (US)', 'BASF SE (Germany)', 'Evonik Industries AG (Germany)', 'Ashland Holdings Inc. (US)', 'Roquette Frères S.A. (France)', 'Kerry Group plc (Ireland)', 'Dow Inc. (US)', 'Merck KGaA (Germany)', 'Shin-Etsu Chemical Co., Ltd. (Japan)', 'Croda International Plc (United Kingdom)', 'Eastman Chemical Company (US)', 'Sensient Technologies Corporation (US)', 'Coating Place, Inc. (US)', 'Ideal Cures Pvt. Ltd. (India)', 'Sirio Pharma Co., Ltd. (China)', 'JRS Pharma (Germany)', 'Colorcon Ltd. (United Kingdom)', 'Biogrund GmbH (Germany)', 'ACG Worldwide (India)', 'SEPPIC (France)'

The rise in the production of generic drugs has led to an increased demand for tablet coatings. Generic drug manufacturers utilize these coatings to create unique appearances and differentiate their products in the market. Tablet coatings play a crucial role in branding and product identification, enabling generic drug manufacturers to establish their offerings and compete effectively.

Growing Demand for Functional and Specialty Coatings: Tablet coatings are not only used for aesthetic purposes but also serve functional and protective roles. Manufacturers are increasingly focusing on developing coatings with specific functionalities, such as extended-release coatings, enteric coatings, taste-masking coatings, and moisture barrier coatings. These coatings enhance the performance and effectiveness of tablets by controlling drug release, protecting sensitive ingredients from degradation, improving patient compliance, and masking unpleasant tastes.

North America holds a significant share in the tablet coatings market due to several factors. The region has a well-established pharmaceutical and healthcare infrastructure, along with a strong presence of key pharmaceutical manufacturers. The demand for tablet coatings in North America is driven by factors such as increasing research and development activities, high healthcare expenditure, and the presence of advanced pharmaceutical manufacturing technologies. Additionally, the region has a higher adoption rate of innovative coating technologies and a focus on quality control and regulatory compliance, further contributing to its dominance in the market.

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Global Tablet Coatings Market

Report ID: SQMIG15E2260

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