Small (Upto 50,000 Capsules) Segment to Dominate APAC Capsule Filling Machine Market during 2020–2028      

According to a new market research study on “APAC Capsule Filling Machine Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, and Capacity” is expected to reach US$ 83.38 million by 2028 from 59.79 US$ million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The report provides trends prevailing in the APAC capsule filling machine market along with the drivers and restraints pertaining to the market growth. Developing countries witnessing market growth is the major factor driving the growth of the APAC capsule filling machine market. However, issues associated with high cost of capsule filling machine production hinders the growth of APAC capsule filling machine market.

APAC capsule filling machine market is segmented into type, application, capacity, and country. The APAC capsule filling machine market, by type, is segmented into manual capsule filling machines, semi-automatic capsule filling machines, and fully automatic capsule filling machines. The fully automatic capsule filling machines segment held the largest share of the market in 2021. By application, the APAC capsule filling machine market is segmented into pharmaceutical, cosmetics, and others. In 2021, the pharmaceutical segment held the largest share of the market. The APAC capsule filling machine market, by capacity, is segmented into small (upto 50,000 capsules per hour), medium (50,000 capsules to 100,000 capsules per hour), and high (more than 100,000 capsules per hour). In 2021, the small (upto 50,000 Capsules per hour) segment held the largest share of the market. Based on country, the APAC capsule filling machine market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2021.

APAC countries are expecting to witness massive challenges due to increasing COVID-19. In light of the current economic scenario, healthcare companies have been badly impacted as a result of disease outbreaks. The outbreak has severely affected the tourism industry and imposed supply chain disruptions; moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure. Restrictive measures have been put forth in South Korea, Malaysia, Singapore, the Philippines, and India to prevent disease transmission. All these factors will impact the capsule filling machine market for a short period of time.

The government and population in the region are more focused on the treatment of COVID 19. The hospitals, and surgical centers are open for only emergency services. China is specifically facing issues that this epidemic has caused, leading to disruption of the supply chain, projected decreases in revenue and sales within all industries, as well as the concerns of health within the production factories and other public spaces. As the medical tourism is declined in response to the pandemic to the regions like South Korea and Japan which has negative impact on the country’s revenues. Thus, it is expected to have a negative impact on the capsule filling machine market.

ACG; Beijing Hanlin Hangyu Technology Development Inc.; Capsugel, Inc (A subsidiary of Lonza Group AG); I.M.A. Industria Macchine Automatiche S.p.A.; Syntegon Technology GmbH; and Zhejiang Fuchang Machinery Co. Ltd are among the leading companies in the APAC capsule filling machine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, ACG announced an investment of INR 800 Crore for setting up a biggest vegetarian unit in Aurangabad, Maharashtra with an initiative from Government of India. The expansion aims at replacing animal origin gelatin with plant- based cellulose capsules.    

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