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Empty Capsules Market

Empty Capsules Market (Source: Porcine, Bovine, Marine, and Natural; and Type: Gelatin Capsules and Non-Gelatin Capsules) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Empty Capsules Market Outlook 2031

  • The global empty capsules market was valued at US$ 2.1 Bn in 2021
  • The global market is projected to grow at a CAGR of 7.6% from 2022 to 2031
  • The global empty capsules market is anticipated to reach more than US$ 4.5 Bn by the end of 2031

Analysts’ Viewpoint on Empty Capsules Market Scenario

Demand for empty capsules and its associated products, especially gelatin capsule products, is expected to increase significantly during the forecast period. Rise in commercialization of gelatin capsule-based drug delivery systems is likely to drive the global empty capsules market. Surge in awareness about healthy lifestyle has increased the consumption of nutraceuticals in gelatin capsule form. The most integral properties of capsules are high bioavailability and easy digestibility. Nutraceutical applications of capsule dosage forms have evolved over the years due to unique nutritional properties. Companies in the market are focusing on technological advancements and supply chain management to keep businesses growing post the peak of the COVID-19 pandemic.

Empty Capsules Market

Empty Capsules Market Introduction

Empty capsules are used as oral dosage forms. They carry powdered APIs (active pharmaceutical ingredients), herbal powder, or vitamin supplements for easy and convenient delivery of these substances. Various capsule sizes are available in the market, from size 000 (the largest) to size 5 (the smallest).

Gelatin and non-gelatin are the two different types of commercially available empty capsules. Gelatin capsules (hard and soft) are animal-based medicinal products, with a high collagen content. They are produced from pork and connective tissues of beef and chicken. Non-gelatin or vegetarian capsule is made from a mixture of starch and hydroxypropylmethylcellulose (HPMC). Currently, empty capsules are widely used in healthcare and therapeutic applications.

Increase in commercialization of gelatin capsules-based drug delivery systems and rise in emphasis on preventive care among customers are the key factors driving the global empty capsules market. Growth in demand for immediate-release capsules among manufacturers for the production of various medicinal products such as anti-bacterials, antacids, inhalers, dietary supplements, pain relievers, and antibiotics is also boosting the global market. Thus, demand for empty hard gelatin capsules is rising across the globe.

Insights on the empty capsules market suggest that companies are gaining expertise in custom synthesis by designing different methods for the synthesis of capsules. Custom synthesis of the empty capsule is backed by analytical data to suit the needs of customers. Moreover, companies keep stock of custom synthesized empty capsule products for rapid reorder availability.

Various manufacturers of empty capsules are striving to ensure the availability of a range of seamless scale-up options. These companies also focus on transferring custom synthesized empty capsule materials to large-scale manufacturing facilities and GMP facilities.

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Commercialization of Gelatin Capsules-based Drug Delivery Systems to Drive Empty Capsules Market

Future market demand for empty capsules is projected to be strong for gelatin capsules (hard and soft capsules), since these act as superior carriers with capabilities to encapsulate both hydrophilic and lipophilic drugs and provide protection from degradation. Additionally, these offer better absorption rates and can act as an efficient solubilizing matrix. Gelatin-based IR, ER, and DR formulations perform better than conventional formulations, leading to better patient compliance and improved efficacy. These benefits result in increased acceptance of gelatin-based capsules, which in turn propels the global empty capsules market. Gelatin capsules derived from bovine, porcine, and marine have proven to be more beneficial than other natural gelatins based on low toxicity, non-antigenicity, high stability, and high nutritional value parameters. Empty gelatin capsules exhibit high sustained release of various drugs, owing to high adsorption capacity, followed by high dispersion ability in water.

Emphasis on Preventive Care Propelling Empty Capsules Market

Capsule formulation is a preferable alternative for patients who cannot swallow pills and for products that are needed to be protected from the acidic environment of the stomach. Rise in sales of vitamins, minerals, and supplements can be ascribed to an increase in consumer focus on health and wellness. This is bolstering the demand for empty pill capsules.

Global market for empty capsules is growing due to the rise in awareness about healthy lifestyle. Effectiveness of dietary supplements has propelled the demand for vitamin supplements among consumers. Rise in physician recommendations for vitamins, minerals, and supplements as preventive care for diseases in adults who have difficulty swallowing is a major factor augmenting the global empty capsules market.

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Increase in Demand for Supplements and Rise in Awareness about Preventive Medicines to Augment Empty Capsules Market

The usage of capsules in the manufacture of drugs has increased owing to characteristics such as biodegradability, high absorption rates, and easy availability. The global empty capsules market is expected to grow at a rapid pace during the forecast period. Several new clinical trials are being conducted toward the encapsulation of new as well as existing drugs and cardiovascular drugs.

Ingredients can be encapsulated through automation processes and do not require manual load to be rearranged. The global empty capsules market is likely to be driven by the rise in demand for supplements, surge in marketing activities to increase the promotion of gelatin or non-gelatin capsules, and growth in awareness about the consumption of preventive medicines. Hence, manufacturers are increasing the production of empty medicine capsules.

Favorable Trade Policies for Import and Export of Dietary Supplements to Benefit Manufacturers

In terms of application, the vitamin & dietary supplements segment held major share of the global empty capsules market in 2021. The segment is anticipated to dominate the global market during the forecast period. Adoption of preventive care measures by the population is likely to drive the vitamin & dietary supplements segment during the forecast period. Increase in investments by key players in vitamin & dietary supplements and favorable trade policies for the import and export of dietary supplements are projected to propel the vitamin & dietary supplements segment during the forecast period.

Abundant Availability and Extended Application in Healthcare and Nutraceutical Industries to Bolster Porcine Segment

Based on source, the porcine segment accounted for major share of the global empty capsules market in terms of revenue in 2021. The segment is anticipated to grow at a moderate CAGR during the forecast period. Porcine is a widely used source of gelatin due to its abundant availability and extended application of this source in healthcare and nutraceutical industries. However, pharmaceutical and nutraceutical companies are switching to the use of bovine gelatin in their products in order to expand their presence in countries with ethical beliefs and restrictions that restrain the use of porcine products. Furthermore, demand for bovine gelatin has increased at a steady pace due to the high protein content (compared to other gelatin derivatives) and hygienic nature of bovine-derived products compared to chicken and porcine derivatives.

Frequent Outbreaks of Chronic Diseases to Augment Pharmaceutical Industry Segment

In terms of end-user, the pharmaceutical industry segment is expected to grow at a rapid pace during the forecast period due to the expansion of the pharmaceutical industry and increase in application of capsules in different indications. Pharmaceuticals represent the largest end-user of empty capsules (soft and hard capsules). Constant development in the pharmaceutical industry and frequent outbreaks of chronic diseases across the globe are the key factors propelling the segment.

Regional Outlook of Global Empty Capsules Market

Asia Pacific accounted for significant share of the global empty capsules market in 2021. The market in the region is expected to grow at a rapid pace during the forecast period. Increase in investment by key players in manufacture of drugs and expansion of the nutraceutical industry are likely to drive the empty capsules market in the Asia Pacific. Emerging economy, government funding for research, improving health care infrastructure, and rise in presence of major global players in countries, such as China and India, are likely to propel the empty capsules market in the region during the forecast period.

North America held the second largest share of the global empty capsules market in 2021. The market in the region is driven by the presence of key players, large number of research activities, and highly structured healthcare industry. A report published by the International Federation of Pharmaceutical Manufacturers & Associations indicated that R&D and plant investments by pharmaceutical companies in the U.S. have been increasing consistently since the past 15 years.

Analysis of Key Players in Global Empty Capsules Market

The global empty capsules market is fragmented, with the presence of a large number of leading players. Diversification of product portfolio and mergers & acquisitions are the key strategies adopted by the players. Leading players operating in the market include ACG Worldwide, Lonza Group AG, Qualicaps, HealthCaps India Ltd., Natural Capsules Limited, CapsCanada Corporation, Roxlor, and Qingdao Yiqing Medicinal Capsules Co., Ltd.

Key Developments in Global Empty Capsules Market

  • In February 2019, ACG expanded its footprint in Brazil with the launch of its new capsules manufacturing plant in Pouso Alegre, Minas Gerais
  • In February 2018, CapsCanada invested US$ 28 Mn in a new 100,000 square foot K-CAPS facility with an additional 50% capsule production increase, nearly three times the amount CapsCanada invested in a 2014 HPMC capsule expansion, to meet rising global demand for K-CAPS
  • In July 2017, Lonza completed the acquisition of Capsugel S.A. Under the terms of the agreement, Lonza paid US$ 5.5 Bn in cash, including refinancing of existing Capsugel debt of around US$ 2 Bn for the acquisition of Capsugel, a world leader in advanced oral dosage delivery technologies with a leading position in hard capsules.

Each of these players has been profiled in the global empty capsules market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Empty Capsules Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 2.1 Bn

Market Forecast Value in 2031

More than US$ 4.5 Bn

Growth Rate (CAGR)

7.6%

Forecast Period

2022–2031

Historical Data Available for

2017–2021

Quantitative Units

US$ Bn for Value

Market Analysis

It includes segment analysis as well as regional level analysis. Moreover, the qualitative analysis includes drivers, restraints, opportunities, key trends, and a parent industry overview.

Competition Landscape

  • Market share analysis by the company (2021)
  • Company profiles section includes an overview, product portfolio, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Source
    • Porcine
    • Bovine
    • Marine
    • Natural
  • Type
    • Gelatin Capsules
    • Non-gelatin Capsules
  • Application
    • Antibiotic & Antibacterial Drugs
    • Vitamin & Dietary Supplements
    • Antacid & Antiflatulent Preparations
    • Cardiovascular Therapy Drugs
    • Other
  • Functionality
    • Immediate-release Capsules
    • Sustained-release Capsules
    • Delayed-release Capsules
  • End-user
    • Pharmaceutical Industry
    • Nutraceutical Industry
    • Other

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • U.K.
  • France
  • Italy
  • Germany
  • Spain
  • China
  • Japan
  • India
  • Australia & New Zealand
  • Brazil
  • Mexico
  • South Africa
  • GCC

Companies Profiled

  • ACG Worldwide
  • Lonza Group AG
  • Qualicaps
  • HealthCaps India Ltd.
  • Natural Capsules Limited
  • CapsCanada Corporation
  • Roxlor
  • Qingdao Yiqing Medicinal Capsules Co., Ltd.

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global empty capsules market in 2021?

The global empty capsules market was valued at US$ 2.1 Bn in 2021

How big will be the global empty capsules market by 2031?

The global empty capsules market is projected to reach more than US$ 4.5 Bn by 2031

What was the CAGR of the global empty capsules market from 2017 to 2021?

The global empty capsules market grew at a CAGR of 3.2% from 2017 to 2021

What will be the CAGR of the global empty capsules market during the forecast period (2022–2031)?

The global empty capsules market is anticipated to grow at a CAGR of 7.6% from 2022 to 2031

What was the market share of the leading segment of the global empty capsules market?

The gelatin capsules segment held around 90% share of the global empty capsules market in 2021

Who are the prominent players in the global empty capsules market?

ACG Worldwide, Lonza Group AG, Qualicaps, HealthCaps India Ltd, Natural Capsules Limited, CapsCanada Corporation, Roxlor, and Qingdao Yiqing Medicinal Capsules Co., Ltd.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions and Research Methodology

    3. Executive Summary: Global Empty Capsules Market

    4. Market Overview

        4.1. Introduction

            4.1.1. Segment Definition

        4.2. Overview

        4.3. Market Dynamics

            4.3.1. Drivers

            4.3.2. Restraints

            4.3.3. Opportunities

        4.4. Global Empty Capsules Market Analysis and Forecast, 2017–2031

            4.4.1. Market Revenue Projections (US$ Mn)

    5. Key Insights

        5.1. Gelatin Price Trends

        5.2. Regulatory Scenario by Region/globally

        5.3. Key Industry Events (mergers, acquisitions, partnerships, etc.)

        5.4. COVID-19 Pandemic Impact on Industry (value chain and short / mid / long term impact)

    6. Global Empty Capsules Market Analysis and Forecast, by Source

        6.1. Introduction & Definition

        6.2. Key Findings / Developments

        6.3. Market Value Forecast, by Source, 2017–2031

            6.3.1. Porcine

            6.3.2. Bovine

            6.3.3. Marine

            6.3.4. Natural

        6.4. Market Attractiveness Analysis, by Source

    7. Global Empty Capsules Market Analysis and Forecast, by Type

        7.1. Introduction & Definition

        7.2. Key Findings / Developments

        7.3. Market Value Forecast, by Type, 2017–2031

            7.3.1. Gelatin Capsules

            7.3.2. Non-gelatin Capsules

        7.4. Market Attractiveness Analysis, by Type

    8. Global Empty Capsules Market Analysis and Forecast, by Application

        8.1. Introduction & Definition

        8.2. Key Findings / Developments

        8.3. Market Value Forecast, by Application, 2017–2031

            8.3.1. Antibiotic & Antibacterial Drugs

            8.3.2. Vitamin & Dietary Supplements

            8.3.3. Antacid & Antiflatulent Preparations

            8.3.4. Cardiovascular Therapy Drugs

            8.3.5. Other

        8.4. Market Attractiveness Analysis, by Application

    9. Global Empty Capsules Market Analysis and Forecast, by Functionality

        9.1. Introduction & Definition

        9.2. Key Findings / Developments

        9.3. Market Value Forecast, by Functionality, 2017–2031

            9.3.1. Immediate-release Capsules

            9.3.2. Sustained-release Capsules

            9.3.3. Delayed-release Capsules

        9.4. Market Attractiveness Analysis, by Functionality

    10. Global Empty Capsules Market Analysis and Forecast, by End-user

        10.1. Introduction & Definition

        10.2. Key Findings / Developments

        10.3. Market Value Forecast, by End-user, 2017–2031

            10.3.1. Pharmaceutical Industry

            10.3.2. Nutraceutical Industry

            10.3.3. Other

        10.4. Market Attractiveness Analysis, by End-user

    11. Global Empty Capsules Market Analysis and Forecast, by Region

        11.1. Key Findings

        11.2. Market Value Forecast, by Region

            11.2.1. North America

            11.2.2. Europe

            11.2.3. Asia Pacific

            11.2.4. Latin America

            11.2.5. Middle East & Africa

        11.3. Market Attractiveness Analysis, by Country/Region

    12. North America  Global Empty Capsules Market Analysis and Forecast

        12.1. Introduction

            12.1.1. Key Findings

        12.2. Market Value Forecast, by Source, 2017–2031

            12.2.1. Porcine

            12.2.2. Bovine

            12.2.3. Marine

            12.2.4. Natural

        12.3. Market Value Forecast, by Type, 2017–2031

            12.3.1. Gelatin Capsules

            12.3.2. Non-gelatin Capsules

        12.4. Market Value Forecast, by Application, 2017–2031

            12.4.1. Antibiotic & Antibacterial Drugs

            12.4.2. Vitamin & Dietary Supplements

            12.4.3. Antacid & Antiflatulent Preparations

            12.4.4. Cardiovascular Therapy Drugs

            12.4.5. Other

        12.5. Market Value Forecast, by Functionality, 2017–2031

            12.5.1. Immediate-release Capsules

            12.5.2. Sustained-release Capsules

            12.5.3. Delayed-release Capsules

        12.6. Market Value Forecast, by End-user, 2017–2031

            12.6.1. Pharmaceutical Industry

            12.6.2. Nutraceutical Industry

            12.6.3. Other

        12.7. Market Value Forecast, by Country, 2017–2031

            12.7.1. U.S.

            12.7.2. Canada

        12.8. Market Attractiveness Analysis

            12.8.1. By Source

            12.8.2. By Type

            12.8.3. By Application

            12.8.4. By Functionality

            12.8.5. By End-user

            12.8.6. By Country

    13. Europe Global Empty Capsules Market Analysis and Forecast

        13.1. Introduction

            13.1.1. Key Findings

        13.2. Market Value Forecast, by Source, 2017–2031

            13.2.1. Porcine

            13.2.2. Bovine

            13.2.3. Marine

            13.2.4. Natural

        13.3. Market Value Forecast, by Type, 2017–2031

            13.3.1. Gelatin Capsules

            13.3.2. Non-gelatin Capsules

        13.4. Market Value Forecast, by Application, 2017–2031

            13.4.1. Antibiotic & Antibacterial Drugs

            13.4.2. Vitamin & Dietary Supplements

            13.4.3. Antacid & Antiflatulent Preparations

            13.4.4. Cardiovascular Therapy Drugs

            13.4.5. Other

        13.5. Market Value Forecast, by Functionality, 2017–2031

            13.5.1. Immediate-release Capsules

            13.5.2. Sustained-release Capsules

            13.5.3. Delayed-release Capsules

        13.6. Market Value Forecast, by End-user, 2017–2031

            13.6.1. Pharmaceutical Industry

            13.6.2. Nutraceutical Industry

            13.6.3. Other

        13.7. Market Value Forecast, by Country/Sub-region, 2017–2031

            13.7.1. Germany

            13.7.2. U.K.

            13.7.3. France

            13.7.4. Spain

            13.7.5. Italy

            13.7.6. Rest of Europe

        13.8. Market Attractiveness Analysis

            13.8.1. By Source

            13.8.2. By Type

            13.8.3. By Application

            13.8.4. By Functionality

            13.8.5. By End-user

            13.8.6. By Country/Sub-region

    14. Asia Pacific Global Empty Capsules Market Analysis and Forecast

        14.1. Introduction

            14.1.1. Key Findings

        14.2. Market Value Forecast, by Source, 2017–2031

            14.2.1. Porcine

            14.2.2. Bovine

            14.2.3. Marine

            14.2.4. Natural

        14.3. Market Value Forecast, by Type, 2017–2031

            14.3.1. Gelatin Capsules

            14.3.2. Non-gelatin Capsules

        14.4. Market Value Forecast, by Application, 2017–2031

            14.4.1. Antibiotic & Antibacterial Drugs

            14.4.2. Vitamin & Dietary Supplements

            14.4.3. Antacid & Antiflatulent Preparations

            14.4.4. Cardiovascular Therapy Drugs

            14.4.5. Other

        14.5. Market Value Forecast, by Functionality, 2017–2031

            14.5.1. Immediate-release Capsules

            14.5.2. Sustained-release Capsules

            14.5.3. Delayed-release Capsules

        14.6. Market Value Forecast, by End-user, 2017–2031

            14.6.1. Pharmaceutical Industry

            14.6.2. Nutraceutical Industry

            14.6.3. Other

        14.7. Market Value Forecast, by Country/Sub-region, 2017–2031

            14.7.1. China

            14.7.2. Japan

            14.7.3. India

            14.7.4. Australia & New Zealand

            14.7.5. Rest of Asia Pacific

        14.8. Market Attractiveness Analysis

            14.8.1. By Source

            14.8.2. By Type

            14.8.3. By Application

            14.8.4. By Functionality

            14.8.5. By End-user

            14.8.6. By Country/Sub-region

    15. Latin America Global Empty Capsules Market Analysis and Forecast

        15.1. Introduction

            15.1.1. Key Findings

        15.2. Market Value Forecast, by Source, 2017–2031

            15.2.1. Porcine

            15.2.2. Bovine

            15.2.3. Marine

            15.2.4. Natural

        15.3. Market Value Forecast, by Type, 2017–2031

            15.3.1. Gelatin Capsules

            15.3.2. Non-gelatin Capsules

        15.4. Market Value Forecast, by Application, 2017–2031

            15.4.1. Antibiotic & Antibacterial Drugs

            15.4.2. Vitamin & Dietary Supplements

            15.4.3. Antacid & Antiflatulent Preparations

            15.4.4. Cardiovascular Therapy Drugs

            15.4.5. Other

        15.5. Market Value Forecast, by Functionality, 2017–2031

            15.5.1. Immediate-release Capsules

            15.5.2. Sustained-release Capsules

            15.5.3. Delayed-release Capsules

        15.6. Market Value Forecast, by End-user, 2017–2031

            15.6.1. Pharmaceutical Industry

            15.6.2. Nutraceutical Industry

            15.6.3. Other

        15.7. Market Value Forecast, by Country/Sub-region, 2017–2031

            15.7.1. Brazil

            15.7.2. Mexico

            15.7.3. Rest of Latin America

        15.8. Market Attractiveness Analysis

            15.8.1. By Source

            15.8.2. By Type

            15.8.3. By Application

            15.8.4. By Functionality

            15.8.5. By End-user

            15.8.6. By Country/Sub-region

    16. Middle East & Africa Global Empty Capsules Market Analysis and Forecast

        16.1. Introduction

            16.1.1. Key Findings

        16.2. Market Value Forecast, by Source, 2017–2031

            16.2.1. Porcine

            16.2.2. Bovine

            16.2.3. Marine

            16.2.4. Natural

        16.3. Market Value Forecast, by Type, 2017–2031

            16.3.1. Gelatin Capsules

            16.3.2. Non-gelatin Capsules

        16.4. Market Value Forecast, by Application, 2017–2031

            16.4.1. Antibiotic & Antibacterial Drugs

            16.4.2. Vitamin & Dietary Supplements

            16.4.3. Antacid & Antiflatulent Preparations

            16.4.4. Cardiovascular Therapy Drugs

            16.4.5. Other

        16.5. Market Value Forecast, by Functionality, 2017–2031

            16.5.1. Immediate-release Capsules

            16.5.2. Sustained-release Capsules

            16.5.3. Delayed-release Capsules

        16.6. Market Value Forecast, by End-user, 2017–2031

            16.6.1. Pharmaceutical Industry

            16.6.2. Nutraceutical Industry

            16.6.3. Other

        16.7. Market Value Forecast, by Country/Sub-region, 2017–2031

            16.7.1. GCC Countries

            16.7.2. South Africa

            16.7.3. Rest of Middle East & Africa

        16.8. Market Attractiveness Analysis

            16.8.1. By Source

            16.8.2. By Type

            16.8.3. By Application

            16.8.4. By Functionality

            16.8.5. By End-user

            16.8.6. By Country/Sub-region

    17. Competition Landscape

        17.1. Market Player - Competition Matrix (by tier and size of companies)

        17.2. Market Share Analysis, by Company, 2021

        17.3. Company Profiles

            17.3.1. ACG Worldwide

                17.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

                17.3.1.2. Product Portfolio

                17.3.1.3. Financial Overview

                17.3.1.4. SWOT Analysis

                17.3.1.5. Strategic Overview

            17.3.2. Lonza Group AG

                17.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

                17.3.2.2. Product Portfolio

                17.3.2.3. Financial Overview

                17.3.2.4. SWOT Analysis

                17.3.2.5. Strategic Overview

            17.3.3. Qualicaps

                17.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

                17.3.3.2. Product Portfolio

                17.3.3.3. Financial Overview

                17.3.3.4. SWOT Analysis

                17.3.3.5. Strategic Overview

            17.3.4. HealthCaps India Ltd.

                17.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

                17.3.4.2. Product Portfolio

                17.3.4.3. Financial Overview

                17.3.4.4. SWOT Analysis

                17.3.3.5. Strategic Overview

            17.3.5. Natural Capsules Limited

                17.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

                17.3.5.2. Product Portfolio

                17.3.5.3. Financial Overview

                17.3.5.4. SWOT Analysis

                17.3.5.5. Strategic Overview

            17.3.6. CapsCanada Corporation

                17.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

                17.3.6.2. Product Portfolio

                17.3.6.3. Financial Overview

                17.3.6.4. SWOT Analysis

                17.3.6.5. Strategic Overview

            17.3.7. Roxlor

                17.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

                17.3.7.2. Product Portfolio

                17.3.7.3. Financial Overview

                17.3.7.4. SWOT Analysis

                17.3.7.5. Strategic Overview

            17.3.8. Qingdao Yiqing Medicinal Capsules Co., Ltd.

                17.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)

                17.3.8.2. Product Portfolio

                17.3.8.3. Financial Overview

                17.3.8.4. SWOT Analysis

                17.3.8.5. Strategic Overview

    List of Tables

    Table 01: Global Empty Capsules Market Value (US$ Mn) Forecast, by Source 2017–2031

    Table 02: Global Empty Capsules Market Value (US$ Mn) Forecast, by Type 2017–2031

    Table 03: Global Empty Capsules Market Value (US$ Mn) Forecast, by Application 2017–2031

    Table 04: Global Empty Capsules Market Value (US$ Mn) Forecast, by Functionality 2017–2031

    Table 05: Global Empty Capsules Market Value (US$ Mn) Forecast, by End-user, 2017‒2031

    Table 06: Global Empty Capsules Market Value (US$ Mn) Forecast, by Region, 2017–2031

    Table 07: North America Empty Capsules Market Value (US$ Mn) Forecast, by Country, 2017–2031

    Table 08: North America Empty Capsules Market Value (US$ Mn) Forecast, by Source 2017–2031

    Table 09: North America Empty Capsules Market Value (US$ Mn) Forecast, by Type 2017–2031

    Table 10: North America Empty Capsules Market Value (US$ Mn) Forecast, by Application 2017–2031

    Table 11: North America Empty Capsules Market Value (US$ Mn) Forecast, by Functionality 2017–2031

    Table 12: North America Empty Capsules Market Value (US$ Mn) Forecast, by End-user, 2017‒2031

    Table 13: North America Empty Capsules Market Value (US$ Mn) Forecast, by Region, 2017–2031

    Table 14: Europe Empty Capsules Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031

    Table 15: Europe Empty Capsules Market Value (US$ Mn) Forecast, by Source 2017–2031

    Table 16: Europe Empty Capsules Market Value (US$ Mn) Forecast, by Type 2017–2031

    Table 17: Europe Empty Capsules Market Value (US$ Mn) Forecast, by Application 2017–2031

    Table 18: Europe Empty Capsules Market Value (US$ Mn) Forecast, by Functionality 2017–2031

    Table 19: Europe Empty Capsules Market Value (US$ Mn) Forecast, by End-user, 2017‒2031

    Table 20: Europe Empty Capsules Market Value (US$ Mn) Forecast, by Region, 2017–2031

    Table 21: Asia Pacific Empty Capsules Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031

    Table 22: Asia Pacific Empty Capsules Market Value (US$ Mn) Forecast, by Source 2017–2031

    Table 23: Asia Pacific Empty Capsules Market Value (US$ Mn) Forecast, by Type 2017–2031

    Table 24: Asia Pacific Empty Capsules Market Value (US$ Mn) Forecast, by Application 2017–2031

    Table 25: Asia Pacific Empty Capsules Market Value (US$ Mn) Forecast, by Functionality 2017–2031

    Table 26: Asia Pacific Empty Capsules Market Value (US$ Mn) Forecast, by End-user, 2017‒2031

    Table 27: Asia Pacific Empty Capsules Market Value (US$ Mn) Forecast, by Region, 2017–2031

    Table 28: Latin America Empty Capsules Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031

    Table 29: Latin America Empty Capsules Market Value (US$ Mn) Forecast, by Source 2017–2031

    Table 30: Latin America Empty Capsules Market Value (US$ Mn) Forecast, by Type 2017–2031

    Table 31: Latin America Empty Capsules Market Value (US$ Mn) Forecast, by Application 2017–2031

    Table 32: Latin America Empty Capsules Market Value (US$ Mn) Forecast, by Functionality 2017–2031

    Table 33: Latin America Empty Capsules Market Value (US$ Mn) Forecast, by End-user, 2017‒2031

    Table 34: Latin America Empty Capsules Market Value (US$ Mn) Forecast, by Region, 2017–2031

    Table 35: Middle East & Africa Empty Capsules Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031

    Table 36: Middle East & Africa Empty Capsules Market Value (US$ Mn) Forecast, by Source 2017–2031

    Table 37: Middle East & Africa Empty Capsules Market Value (US$ Mn) Forecast, by Type 2017–2031

    Table 38: Middle East & Africa Empty Capsules Market Value (US$ Mn) Forecast, by Application 2017–2031

    Table 39: Middle East & Africa Empty Capsules Market Value (US$ Mn) Forecast, by Functionality 2017–2031

    Table 40: Middle East & Africa Empty Capsules Market Value (US$ Mn) Forecast, by End-user, 2017‒2031

    Table 41: Middle East & Africa Empty Capsules Market Value (US$ Mn) Forecast, by Region, 2017–2031

    List of Figures

    Figure 01: Global Empty Capsules Market Value (US$ Mn) Forecast, 2017–2031

    Figure 02: Global Empty Capsules Market Value Share, by Source, 2021

    Figure 03: Global Empty Capsules Market Value Share, by Type, 2021

    Figure 04: Global Empty Capsules Market Value Share, by Application, 2021

    Figure 05: Global Empty Capsules Market Value Share, by Functionality, 2021

    Figure 06: Global Empty Capsules Market Value Share, by End-user, 2021

    Figure 07: Global Empty Capsules Market, by Source, 2021 and 2031

    Figure 08: Global Empty Capsules Market Attractiveness Analysis, by Source, 2021–2031

    Figure 09: Global Empty Capsules Market (US$ Mn), by Porcine, 2017–2031

    Figure 10: Global Empty Capsules Market (US$ Mn), by Bovine, 2017–2031

    Figure 11: Global Empty Capsules Market (US$ Mn), by Marine, 2017–2031

    Figure 12: Global Empty Capsules Market (US$ Mn), by Natural, 2017–2031

    Figure 13: Global Empty Capsules Market, by Type, 2021 and 2031

    Figure 14: Global Empty Capsules Market Attractiveness Analysis, by Type, 2021–2031

    Figure 15: Global Empty Capsules Market (US$ Mn), by Gelatin Capsules, 2017–2031

    Figure 16: Global Empty Capsules Market (US$ Mn), by Non-Gelatin Capsules, 2017–2031

    Figure 17: Global Empty Capsules Market, by Application, 2021 and 2031

    Figure 18: Global Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 19: Global Empty Capsules Market (US$ Mn), by Antibiotic & Antibacterial Drugs, 2017–2031

    Figure 20: Global Empty Capsules Market (US$ Mn), by Vitamin & Dietary Supplements, 2017–2031

    Figure 21: Global Empty Capsules Market (US$ Mn), by Antacid & Antiflatulent Preparations, 2017–2031

    Figure 22: Global Empty Capsules Market (US$ Mn), by Cardiovascular Therapy Drugs, 2017–2031

    Figure 23: Global Empty Capsules Market (US$ Mn), by Other, 2017–2031

    Figure 24: Global Empty Capsules Market, by Functionality, 2021 and 2031

    Figure 25: Global Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 26: Global Empty Capsules Market (US$ Mn), by Immediate-release Capsules, 2017–2031

    Figure 27: Global Empty Capsules Market (US$ Mn), by Sustained-release Capsules, 2017–2031

    Figure 28: Global Empty Capsules Market (US$ Mn), by Delayed-release Capsules, 2017–2031

    Figure 29: Global Empty Capsules Market, by End-user, 2021 and 2031

    Figure 30: Global Empty Capsules Market Attractiveness Analysis, by End-user, 2021–2031

    Figure 31: Global Empty Capsules Market (US$ Mn), by Pharmaceutical Industry, 2017–2031

    Figure 32: Global Empty Capsules Market (US$ Mn), by Nutraceutical Industry, 2017–2031

    Figure 33: Global Empty Capsules Market (US$ Mn), by Others, 2017–2031

    Figure 34: Global Empty Capsules Market Value Share Analysis, by Region, 2021 and 2031

    Figure 35: Global Empty Capsules Market Attractiveness Analysis, by Region, 2017–2031

    Figure 36: North America Empty Capsules Market Value (US$ Mn) Forecast, 2017–2031

    Figure 37: North America Empty Capsules Market Value Share Analysis, by Country, 2021 and 2031

    Figure 38: North America Empty Capsules Market Attractiveness Analysis, by Country, 2021–2031

    Figure 39: North America Empty Capsules Market Value Share Analysis, by Source, 2021 and 2031

    Figure 40: North America Empty Capsules Market Attractiveness Analysis, by Source, 2021–2031

    Figure 41: North America Empty Capsules Market Value Share Analysis, by Type, 2021 and 2031

    Figure 42: North America Empty Capsules Market Attractiveness Analysis, by Type, 2021–2031

    Figure 43: North America Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 44: North America Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 45: North America Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 46: North America Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 47: North America Empty Capsules Market Value Share Analysis, by End-user, 2021 and 2031

    Figure 48: North America Empty Capsules Market Attractiveness Analysis, by End-user, 2021–2031

    Figure 49: Europe Empty Capsules Market Value (US$ Mn) Forecast, 2017–2031

    Figure 50: Europe Empty Capsules Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

    Figure 51: Europe Empty Capsules Market Attractiveness Analysis, by Country/Sub-region, 2021–2031

    Figure 52: Europe Empty Capsules Market Value Share Analysis, by Source, 2021 and 2031

    Figure 53: Europe Empty Capsules Market Attractiveness Analysis, by Source, 2021–2031

    Figure 54: Europe Empty Capsules Market Value Share Analysis, by Type, 2021 and 2031

    Figure 55: Europe Empty Capsules Market Attractiveness Analysis, by Type, 2021–2031

    Figure 56: Europe Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 57: Europe Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 58: Europe Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 59: Europe Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 60: Europe Empty Capsules Market Value Share Analysis, by End-user, 2021 and 2031

    Figure 61: Europe Empty Capsules Market Attractiveness Analysis, by End-user, 2021–2031

    Figure 62: Asia Pacific Empty Capsules Market Value (US$ Mn) Forecast, 2017–2031

    Figure 63: Asia Pacific Empty Capsules Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

    Figure 64: Asia Pacific Empty Capsules Market Attractiveness Analysis, by Country/Sub-region, 2021–2031

    Figure 65: Asia Pacific Empty Capsules Market Value Share Analysis, by Source, 2021 and 2031

    Figure 66: Asia Pacific Empty Capsules Market Attractiveness Analysis, by Source, 2021–2031

    Figure 67: Asia Pacific Empty Capsules Market Value Share Analysis, by Type, 2021 and 2031

    Figure 68: Asia Pacific Empty Capsules Market Attractiveness Analysis, by Type, 2021–2031

    Figure 69: Asia Pacific Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 70: Asia Pacific Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 71: Asia Pacific Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 72: Asia Pacific Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 73: Asia Pacific Empty Capsules Market Value Share Analysis, by End-user, 2021 and 2031

    Figure 74: Asia Pacific Empty Capsules Market Attractiveness Analysis, by End-user, 2021–2031

    Figure 75: Latin America Empty Capsules Market Value (US$ Mn) Forecast, 2017–2031

    Figure 76: Latin America Empty Capsules Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

    Figure 77: Latin America Empty Capsules Market Attractiveness Analysis, by Country/Sub-region, 2021–2031

    Figure 78: Latin America Empty Capsules Market Value Share Analysis, by Source, 2021 and 2031

    Figure 79: Latin America Empty Capsules Market Attractiveness Analysis, by Source, 2021–2031

    Figure 80: Latin America Empty Capsules Market Value Share Analysis, by Type, 2021 and 2031

    Figure 81: Latin America Empty Capsules Market Attractiveness Analysis, by Type, 2021–2031

    Figure 82: Latin America Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 83: Latin America Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 84: Latin America Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 85: Latin America Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 86: Latin America Empty Capsules Market Value Share Analysis, by End-user, 2021 and 2031

    Figure 87: Latin America Empty Capsules Market Attractiveness Analysis, by End-user, 2021–2031

    Figure 88: Middle East & Africa Empty Capsules Market Value (US$ Mn) Forecast, 2017–2031

    Figure 89: Middle East & Africa Empty Capsules Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

    Figure 90: Middle East & Africa Empty Capsules Market Attractiveness Analysis, by Country/Sub-region, 2021–2031

    Figure 91: Middle East & Africa Empty Capsules Market Value Share Analysis, by Source, 2021 and 2031

    Figure 92: Middle East & Africa Empty Capsules Market Attractiveness Analysis, by Source, 2021–2031

    Figure 93: Middle East & Africa Empty Capsules Market Value Share Analysis, by Type, 2021 and 2031

    Figure 94: Middle East & Africa Empty Capsules Market Attractiveness Analysis, by Type, 2021–2031

    Figure 95: Middle East & Africa Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 96: Middle East & Africa Empty Capsules Market Attractiveness Analysis, by Application, 2021–2031

    Figure 97: Middle East & Africa Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 98: Middle East & Africa Empty Capsules Market Attractiveness Analysis, by Functionality, 2021–2031

    Figure 99: Middle East & Africa Empty Capsules Market Value Share Analysis, by End-user, 2021 and 2031

    Figure 100: Middle East & Africa Empty Capsules Market Attractiveness Analysis, by End-user, 2021–2031

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