The global hard HPMC capsules market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). HPMC stands for hydroxypropyl methylcellulose or hypromellose, which is a synthetically developed version of natural polymer cellulose. The HPMC capsules are widely accepted as an alternative to hard shell gelatin capsules and are considered safe for human consumption. These HPMC materials are off-white powder or granules witnessing features such as hygroscopic in nature and practically insoluble in solutions including hot water, chloroform, and acetone, however, they disintegrated rapidly in cold water owing to forming colloidal solutions.
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The substantially growing demand for vegetarian-based capsules in the pharmaceuticals and nutraceuticals sector is the major factor that is anticipated to drive the growth of the market during the forecast period. The increasing advent towards R&D and manufacturing units to acquire HPMC encapsulation techniques is further expected to boost the growth of the global hard HPMC capsules market. Moreover, the key players present in the global hard HPMC capsules market include Lonza Group Ltd., ACG, and Qualicaps, among others, adopted various strategies that include product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in July 2019, Lonza’s Capsule Delivery Solutions announced the launch of the Capsugel Vcaps Gen C capsule, formulated using the carrageenan gelling agent. This new development will expand Lonza’s Capsugel HPMC portfolio.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape- Lonza Group Ltd., ACG, and Qualicaps, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hard HPMC Capsules Market Report Segmentation
By Product Type
- Carrageenan
- Gellan Gum
- Pectin
- Glycerin
- Others
By Application
- Pharmaceutical
- Nutraceutical
- Food
- Cosmetics
- Others
By End-User
- Hospitals
- Ambulatory Surgical Centers
- Others
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