Softgel Machine Market Size, Share, and Industry Analysis, By Type (Soft Capsule, Encapsulation Machines, Soft Capsule Drying Systems, Other Auxiliary Devices), By Application (Pharmacy, Health Supplements and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Softgel Machine Market Report Overview

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The global softgel machine market size was USD 221.2 million in 2021 and is projected to touch USD 722.52 million by 2031, exhibiting a CAGR of 12.6% during the forecast period.

A softgel machine is an electromechanical equipment that fills air tight gelatinous shells (that appear in one chunk) with semisolid, liquid, or suspension. Depending on the exact dosage requirements, the substance of the softgel capsules could comprise active substances with various excipients. For example, one can utilise the softgel encapsulated machine to create oral or sublingual dosage forms. One can sometimes utilise them for a particular bundle.

Softgel machine is essentially a collection of elements and components that work together to fill and seal softgel or soft gelatin capsules. A softgel capsule is made of gelatin and comprises oil or liquid components. The capsules are made using a technique that blends an oil or liquid substance with a powdery gelatin mixture. Softgel can contain a variety of components, such as vitamins, minerals, botanicals, and other supplements. The softgel machine produces easy-to-swallow capsules, especially if the recipient cannot take regular capsules or pills. It ensures that active components are stable, which will extend their shelf life.

The machinery increases the bioavailability of specific nutrients or active substances in capsules and ensures improved dosage precision.

COVID-19 Impact: Supply and Lockdown Limitations to Impede Market Advancement

The global COVID-19 pandemic has been unprecedented and staggering, with softgel machine market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Beginning in 2021, the COVID-19 illness spread around the globe, affecting countless people in general, and major governments across the world issued orders for work stoppages and foot restrictions. Most initiatives have been seriously impacted, with the exception of the groups that provide medical products and life support equipment. Manufacturing activity was briefly halted or suspended as a result of the lockout, which had a significant impact on the market's application programming interface. The machinery market was ultimately significantly impacted by restrictions connected to fewer industrial activities, a more constrained supply chain, a reduced proportion of employees, and closures.

Softgel machine market growth is predicted to rise as a result of growing demand and rising product advancements in softgel pills.

LATEST TRENDS 

Expansion of Product Line to Stimulate Market Development

To increase the market share, automakers are expanding their product portfolio with a broad range of vegan softgel pods with improved characteristics such as improved resistance to gastric secretions, faster decomposition, enteric topcoat, and personalised pills for scientific trials which has helped the machinery market to expand rapidly. For example, some companies produce vegetarian softgel capsule versions such as starch capsules. According to the study, this might lead to more product customization and enhance consumption for softgel capsules in the nutritional, pharmaceuticals, and cosmetic industry industries.

Softgel Machine Market Segmentation

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• By Type

Based on type; the market is divided into soft capsule encapsulation machines, soft capsule drying systems, other auxiliary devices

Soft capsule encapsulation machines type is the leading part of the type segment.

• By Application

Based on the application; the market is divided into pharmacy, health supplements and others

Pharmacy is the leading part of the application segment.

DRIVING FACTORS

Increasing Demand from Health-Active Individuals to Aid Market Expansion

Professional sportsman and weightlifters are no longer the only ones who practise sports nutrition. World events, races, personal training, and games all have pushed athletics into the limelight, and growing attentiveness in body fitness and image has prompted corporations to reinvent themselves as providers of healthy lifestyle products.

Consumer interest in health consciousness is expected to outnumber and overwhelm professional athletes. As a result, retailers are allocating greater shelf space to sports nutrition goods. This allows sport supplement makers to offer fitness suitability and nutritional items to a large and diverse consumer base worldwide in an oral dosage type. Therefore, uplifting the softgel machine market growth.

Increasing Adoption of Advanced Technologies to Foster Industry Progress

Manufacturers are attempting to develop novel unfilled softgel pills that are more adaptable and efficient for pharmacological, nutritional, and cosmetic industry usage. The pharmaceutical and nutraceutical sectors are more likely to favour various empty softgel capsules due to their suitability for different articulation such as solid and liquid quantity forms, as well as their ease-of-use qualities when administering medications directly or through respiratory routes.

Numerous softgel capsule items with advanced new capsule characteristics, including chewable caps, hydrophobic sandwich (HS) capsules, dual caps, and so on, are entering the market and are seeing strong demand from end users. Due to this the demand for the machinery is tremendously increasing. The industry is anticipated to grow as technological advancements rise.

RESTRAINING FACTORS

Environmental Factors and Complicated Manufacturing to Hinder Market Advancement

The main problem of harder capsules is that they are particularly sensitive to moisture, making it difficult to work with water-soluble compounds. In comparison to other dosage forms, the production process of soft gelatin pills is complicated, and the processes must be performed by a professional individual. Soft gelatin pills are much costlier than tablets because they necessitate specialised production equipment, handling and storage, and packaging.

It is not appropriate for extremely efflorescent materials. As a result, the advancement of the market is limited.

Installation of the machinery is difficult. Each installation must be carefully planned and executed, which calls for a setup team of experts with extensive installation experience. During the anticipated period, the market share is anticipated to be hindered by environmental factors and the creation of complicated softgel pills.

Softgel Machine Market Regional Insights

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Increasing Medicaments Companies to Foster Market Advancement in North America

North America is expected to account for a significant portion of the worldwide softgel machine market share during the forecast period due to the substantial number of medicament companies present in this region, as well as high government investments in research and development activities, that are predicted to boost demand over the next few years.

North America is regarded as one of the most promising markets for the machinery. Because of growing demands from multiple end sectors such as pharmaceuticals or medicament and health supplements, the area presents enormous prospects for market expansion.

The market of softgel machine is likely to be led by the European region. Firms throughout this area are concentrating on growing their businesses by extensively spending in research and development to produce superior technologies and unique products and services that will give them a competitive advantage over all the other regional competitors.

KEY INDUSTRY PLAYERS

Prominent Players in the Industry to Promote Market Expansion

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. The report investigated the market from every angle, using both primary and secondary research methods. This aided us in developing a grasp of current market dynamics, such as supply-demand imbalances, pricing trends, purchasing habits, consumer patterns, and much more. The findings were validated through further basic research with professionals in the field and opinion leaders from around the world. The data is then gathered and validated using a variety of market estimation and data validation approaches.

List of Market Players Profiled  

• Changsung Softgel System (South Korea)
• Technophar (U.S.)
• SKY SOFTGEL & PACK (South Korea)
• Pharmagel (U.S.)
• GIC Engineering (U.S.)
• Sankyo (Japan)
• Tooltronics (U.S.)
• Long March Tianmin (China)
• Kamata (Japan)
• Bochang (South Korea)

REPORT COVERAGE

The detailed examination demonstrates where they range from drivers and offers scope for strategic planning. It is important to identify the variables that limit market growth so that new strategies can be developed to take advantage of the lucrative opportunities that exist in the rapidly growing sector. Perspectives from industry professionals have additionally been taken into account to help better understand the market.

With competitive strategy, micro and macro trends in the market and scenarios, pricing analysis, and a comprehensive description of the market circumstances in the projected period, the softgel machine market research report keeps a close eye on the major competitors. It is an expertly written, in-depth study that emphasises key and supplementary drivers, customer base, top categories, and regional analysis. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practises.