Drying Systems for Softgels Market Size, Share, Growth, and Industry Growth by Type (Tumbler Dryer & Drying Tunnels, and In-Line Drying), By Application (Pharmaceutical, Health Supplements, and Others), and Regional Forecast To 2028

Updated On: 22 May 2023

REPORT OVERVIEW

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The global drying systems for softgels market size is estimated to be USD 58 million in 2022 and the market is projected to touch USD 100.8 million by 2028, exhibiting a CAGR of 9.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with drying systems for softgels experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

A softgel is a specific type of capsule used as an oral dose form for medication. They are made of a gelatinous exterior encasing a liquid interior. Softgel shells are made from gelatin, water, an opacifier, and a plasticizer like sorbitol or glycerin. Softgels are produced in a process known as encapsulation using the Rotary Die Encapsulation process. The encapsulation process has been described as a form/fill/seal process.

Drying is one of the most crucial stages in the manufacturing of soft gelatin capsules. It is the level that determines the quality of the end product. It requires proper mechanism and equipment. If not done correctly, would result in a loss of time and resources. Drying systems for softgels are a way of enabling product to create an ideal shape through firming and shrinking. The machines also reduce the risk of fill material leakage thus making it possible to pack them adequately.

COVID-19 IMPACT : Diverse Patient Profile Boosted Product Demand Significantly

COVID-19 had a life changing impact globally. The global drying systems for softgels market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for drying systems for softgels experienced a hike in demand.

As the COVID-19 virus spread out across the globe, it increased the number of patients. This led to massive numbers in hospitalization across the globe. The side effects of COVID-19 defused the immunity of people making them vulnerable to several other diseases. This led to a involuntary rise of supplementary diseases aided by the COVID-19. Hence, in order to treat these diseases there was a rise in the requirement for softgels.

However, the increase in COVID-19 patients was also targeted to the age group which was most vulnerable. The old age people were the most vulnerable owing to their preliminary diseases such as diabetes, blood pressure and so on. In the treatment of COVID-19, the patients would have to go about 9 tablets in a single seating. Hence in order to ease the consumption of medication, softgels were adopted for the old age people.

LATEST TREND

"Scientific Advancement to Strengthen Market Outlook"

Google Patents stated that there is a new invention for drying soft gels. The drying plant of the invention is a revolving soft capsule drying cage, the drying room's temperature and humidity are controlled by a rotating wheel dehumidifier, and the drying room's air is supplied by a horizontal circulating air supply system. To effectively address the actual issues with pill adhesion, cracking, and similar issues with soft capsules in the traditional drying technique, the temperature and humidity in the drying room are controlled. As a result, the newly made soft capsules can be dried steadily, lowering the drying cost while maintaining the product quality.

A gelatin capsules drying system with three distinct zones, a first air handler unit placed to discharge air into the first zone, a second air handler unit placed to discharge air into the second zone, and a third air handler unit placed to discharge air into the third zone The system also has an HVAC unit that supplies air to the first, second, and third air handler units, as well as a series of tumble dryers that stretch from each zone.

SEGMENTATION

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• By Type

Based on type, the market is divided into Tumbler Dryer & Drying Tunnels, and In-Line Drying.

Tumbler Dryer & Drying Tunnels holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into Pharmaceutical, Health Supplements, and Others.

Pharmaceutical as application holds a major share of the global market.

DRIVING FACTOR

"Increasing Awareness to Boost Market Size "

As a result of the advent of cutting-edge medical treatments and rising internet usage, healthcare companies are currently operating in a dynamic environment that is undergoing seismic shifts. This has smart patients being more cautious, along with unmatched online access to astonishing amounts of knowledge. As a result, there is a growing need for intelligent, reasonably priced, and customized healthcare services. Owing to this the global drying systems for softgels is estimated to grow gradually.

"Increased Geriatric Population to Propel Growth"

The global drying systems for softgels market growth is expected to rise considering the increase in the geriatric population. World Ageing Report of 2019 states that Japan has the world’s fastest ageing population. The report concludes that the population above the age of 65 in Japan was 35.524 million in 2019 this comprises about 28% of the population. It is projected to reach 37.278 million by 2030 comprising about 30.9% of the population. As the number of geriatric populations increases in the coming years, the global drying systems for softgels is expected to grow.

RESTRAINING FACTOR

"Time Consumption to Pose as Market Constraint "

Each softgel needs to sit for a long time during the drying process. This is caused due to the delicate procedure that is being undertaken. There is also a need for specialized personnel to operate these machines for drying. Hence the requirement of training people for testing these devices adds on to the tediousness of the overall procedure of drying machines for softgels. Hence these factors are expected to restrain the global drying machines for softgels market growth.

REGIONAL INSIGHTS

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"North America Dominates the Market as Major Consumer "

North American countries are the largest market shareholder for drying machines for softgels. This is supported by elements like large investments made by local businesses. The most recent technological developments in softgel drying equipment are a major component. Moreover, the dry machine manufacturers are focusing on North America due to the booming healthcare industry and increasing geriatric population in the region. APAC is the second major shareholder of the global drying machines for softgels market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Technophar [Canada]
• Mitsubishi Chemical Holdings Corporation [Japan]
• Changsung Softgel System [South Korea]
• Long March Tianmin [China]
• SKY Softgel & Pack Co [South Korea]
• Pharmagel Technology [Italy]
• GIC Engineering [U.S.]
• Bochang Co. Ltd [South Korea]
• Sankyo [Japan]
• Joysun Pharma Equipment Co [China]
• Kamata Co. [Japan]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.