Report : Europe Capsule Filling Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Manual Capsule Filling Machines, Semi-Automatic Capsule Filling Machines, and Fully Automatic Capsule Filling Machines), Application (Pharmaceutical, Cosmetics, and Others), and Capacity (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])
Pharmaceutical Segment to Dominate Europe Capsule Filling Machine Market during 2020–2028
According to a new market research study on “Europe Capsule Filling Machine Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, and Capacity” is expected to reach US$ 64.03 million by 2028 from 46.79 US$ million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the Europe capsule filling machine market along with the drivers and restraints pertaining to the market growth. Medical device industry witnessing growth is the major factor driving the growth of the Europe capsule filling machine market. However, issues associated with capsule filling machine production being costly hinders the growth of Europe capsule filling machine market.
Europe capsule filling machine market is segmented into type, application, capacity, and country. The Europe 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 Europe capsule filling machine market is segmented into pharmaceutical, cosmetics, and others. In 2021, the pharmaceutical segment held the largest share of the market. The Europe 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 Europe capsule filling machine market is segmented into France, Germany, Italy, Spain, UK, and rest of Europe. Germany held the largest market share in 2021.
The capsule filling machines market took a backseat at the beginning of the COVID-19 pandemic owing to factors such as disruptions in supply chains amid the lockdown measures enacted by several European countries. Although the emergence of SARS-CoV-2 has affected many industrial sectors in the later stages of the pandemic, the capsule filling machines market witnessed high demand for these machines requirements from the pharmaceutical, nutraceuticals, and other industries.
ACG; Beijing Hanlin Hangyu Technology Development Inc.; Capsugel, Inc (A subsidiary of Lonza Group AG); Dott. Bonapace & C. srl; I.M.A. Industria Macchine Automatiche S.p.A.; Schaefer Technologies; Syntegon Technology GmbH; Torpac Inc.; and Zhejiang Fuchang Machinery Co. Ltd are among the leading companies in the Europe 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, Syntegon Technology GmbH announced that they have been awarded with BME Innovation Award 2021 at the German Association for Supply Chain Management, Procurement and Logistics for their centralized approach of managing strategic sourcing, project procurement and supplier development.
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