Fully Automatic Capsule Filling Machines Segment to Dominate North America Capsule Filling Machine Market during 2020–2028      

According to a new market research study on “North America Capsule Filling Machine Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, and Capacity” is expected to reach US$ 122.62 million by 2028 from 88.55 US$ million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The report provides trends prevailing in the North America capsule filling machine market along with the drivers and restraints pertaining to the market growth. Enhancements in capsule filling machine is the major factor driving the growth of the North America capsule filling machine market. However, issues associated with capsule filling machine production being expensive hinders the growth of North America capsule filling machine market.

North America capsule filling machine market is segmented into type, application, capacity, and country. The North America 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 North America capsule filling machine market is segmented into pharmaceutical, cosmetics, and others. In 2021, the pharmaceutical segment held the largest share of the market. The North America 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) segment held the largest share of the market. Based on country, the North America capsule filling machine market is segmented into US, Canada, and Mexico. US held the largest market share in 2021.

North America is one of prime adopters of new technologies due to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, mainly in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the region's economic growth negatively. The US is the world’s worst-affected country due to the COVID-19 outbreak. The country is one of the eminent markets for capsule filling machines due to the presence of major market players. The factory and business shutdowns across the US, Canada, and Mexico negatively impacted various industries in 2020. Several businesses are pursuing research and development for launching anti-COVID drugs and vaccines, which is likely to raise the demand for capsule filling machines in North America in the coming years.

ACG; Beijing Hanlin Hangyu Technology Development Inc.; Capsugel, Inc (A subsidiary of Lonza Group AG); 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 North America 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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