The global softgel encapsulation machine market size is set to be valued at USD 104.5 Mn in 2022 and is projected to grow at a CAGR of 4.3% from 2022 to 2032. The market is anticipated to reach a valuation of USD 159.6 Mn by 2032.
Ongoing advancements in the techniques for creating capsules has increased the demand for new softgel encapsulation machinery. The softgel encapsulation machine market is expected to grow as a result of the urgent need for more automatic softgel encapsulation machines for large-scale softgel manufacturing. Increasing demand for health supplements in both emerging and mature economies is also fueling the softgel encapsulation machine market.
According to the new FMI analysis, Europe is anticipated to continue to be the most lucrative softgel encapsulation machine market, making up more than one-third of global sales by 2022. Demand for softgel encapsulation machines is directly impacted by growth of the pharmaceutical industry, which has been expanding steadily in recent years.
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Softgel encapsulation machines are mainly utilized for high volume and quick production, reflecting the vitality of the pharmaceutical business. High production is provided by the softgel encapsulation machine, which also allows for the filling of various products.
Softgel encapsulation machine is also very simple to assemble and disassemble, which makes machine maintenance simple. Moreover, the pharmaceutical and nutraceutical industries place a high priority on hygiene.
Softgel encapsulation machines are efficient and upholds hygiene when producing softgel liquid capsules. Due to this, there are a few possibilities for cross-contamination. Owing to their simplicity in terms of use, softgel encapsulation machines can significantly reduce labor costs.
Key Takeaways from the Softgel Encapsulation Machine Market Study
Germany softgel encapsulation machine market is estimated to grow at a CAGR of 8% in the forecast period.
- China is anticipated to hold around 8% CAGR in the East Asia softgel encapsulation machine market from 2022 to 2032.
- The softgel encapsulation machine market in the U.S. is projected to create an incremental opportunity of nearly US$ 9.4 Mn in the next ten years.
- By level of automation, the fully automatic segment is anticipated to account for more than 6% of the global softgel encapsulation machine market share by the end of 2032.
- Based on type, the oil-softgel encapsulation machine segment is projected to hold more than 84% of the global softgel encapsulation machine market share by 2032.
Competitive Landscape: Softgel Encapsulation Machine Market
Some of the key players in the softgel encapsulation machine market are ACIC Pharmaceuticals Inc., U.S Pharmaceutical Equipment, CapPlus Technologies, United Pharmatek, Joysun Mech-Tech, Volks Vita, Changsung Softgel System Ltd., ACG World, Qualicaps, Kamata Machine Co., Ltd., Beijing Xin Hang Cheng Technology Development Co., Ltd., and Hedagel among others.
Key manufacturers are mainly focusing on increasing their regional market share and are involved in distributing their products in the local markets by expanding their dealer network. Players are also collaborating with local distributors to supply their products globally.
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