The empty capsules market growth is poised to take place at a rapid pace due to the increasing nutraceuticals and pharmaceutical industries. Additionally, the inverse population pyramid that is becoming the new norm around the world is also making space for a growing aging population. This inurn is creating the need for increasing patient affordability and necessitating a greater awareness about the burgeoning health issues that are being supported by favorable government initiatives that are set to drive the global market growth.

Further, the increasing applications in prescribed pharmaceutical drugs and over-the-counter drugs, nutritional supplements, herbal alternatives are also set to push the empty capsules market trend upwards. Further, empty capsules are also preferred by drug makers that have low bioavailability, critical stability, low melting point, poor water solubility which is also set to propel the market growth during the forecast period. Besides the empty capsules offers a host of benefits that are inclusive of but not limited to low sensibility to oxygen permeability and constant capsule dimensions that are expected to fuel the growth of the empty capsules market. Nevertheless, the growth of the market is set to be affected due to steep capital investments that are required for players who are inclined to enter the supply side of the market.  Furthermore, high gelatin prices are also projected to affect the empty capsule market growth.

The segment of the type of product that is going to occupy the largest market share

From the perspective of the type of products, gelatin capsules are estimated to occupy and sustain a major portion of the market share during the forecast period. This segment of the gelatin capsule is projected to witness such growth due to a plethora of factors. These factors can be listed as biocompatibility, non-allergenicity, thermo-reversibility, and tableting as well as viscoelasticity. Besides, the segment of non-gelatin capsules is projected to witness the highest rate of growth during the forecast period. Particularly considering HPMC capsules or Hydroxypropylmethylcellulose capsules it is important to note that these are resistant to extreme ambient temperature environments like that of extreme heat and extreme humidity. Further, it is characterized by low moisture capabilities which are suitable for a moisture-sensitive ingredient. Additionally, these capsules are derived out of plants that make them even more attractive than gelatin-based products. The main reason for preference over gelatin-based products is that increasing customer preference for products that are devoid of any preservatives as well as free of allergens specifically considering those who are susceptible to allergies from starch and or gluten.

The segment of end-user that is going to occupy the largest market share

On the basis of end-user, the largest market share is that of the pharmaceutical industries because it is an industry that undoubtedly contributes to the upkeep of the health, sustenance of life. It is the primary sector in the entire spectrum of healthcare that contributes to the reduction of the incidence of disease and health-related complications. Further, this one particular end-user industry is subjected to constant research and development that further aids in the reduction of disease and sickness that leads to the reduction of loss of productivity and contributes to the economic output of a nation and consequently of the entire world. Thus, the aforesaid will also lead to the growth of the empty capsule market during the forecast period. Moreover, within the pharmaceutical segment, the sub-segment of antibiotics currently occupies the largest share of the empty capsules market due to the increasing prevalence of bacterial infections and the emergence of viral disease that has taken the world by storm from December 2019. Further, tropical diseases and other ailments whose remedies are still being researched are also a few aspects that are going to keep contributing to the growth of the empty capsules market.

From the perspective of regional markets, the APAC, as well as the North American markets, are poised to fuel the growth of the empty capsule market. With respect to the APAC region, the pharma segment is ever-expanding and has no signs of receding. Further government spending toward achieving healthcare self-dependence is also another factor that is going to fuel the empty capsules market growth. Further growing awareness among the patient population is going to aid in the growth of this market. On the other hand with respect to North America, besides the huge investments in research and developments that the pharma segment is subjected to, there are a growing research and development investment and consumers’ interest in nutraceutical and cosmeceutical products that are going to thrust the market to a new zenith.

Competitive strategies by a key player in this sector

There have been a few key developments, which have been set in motion by certain major market players in the global packaging segment.

In February 2020, Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, along with its subsidiaries together referred to as "Dr. Reddy’s") announced the launch of Trientine Hydrochloride Capsules USP, 250 mg. It is a therapeutically equivalent generic version of Syprine^® (trientine hydrochloride) Capsules, which are approved by the U.S. Food and Drug Administration (USFDA).

Then going back to 2019, Natural capsules Limited (Natural Capsules) had announced that it has entered into an arrangement to acquire the API business of Naari Pharma Private Limited, an integrated Hormonal Generics & API manufacturer on a slump sale basis. The acquisition covered the API manufacturing sire located in the state of Uttarakhand and associated business focused on the Hormonal API segment.

Again, in October 2019, CapsCanada^®, the leading innovator of vegetarian K-CAPS^®, relocated its headquarters to a new state-of-the-art facility that is strategically located in Dania Beach, Florida USA. It is in close proximity to major interstate highways Port Everglades and Fort Lauderdale International Airport. This decision was made to accelerate their growth by moving to a spacious facility that is meticulously designed and developed by the owners of CapsCanada^®. Further, this would help the organization to increase its distribution footprint to meet the global high demand for the premium vegetarian capsule brand that is devoid of preservatives, allergens, and starches, enabling health-conscious consumers to choose something other than those derived from animal-derived capsules. 

The packaging machinery market is projected to grow at a CAGR of 5.29% to reach a market size of US$73.034 billion in 2025 from US$53.605 billion in 2019. The market for packaging machinery is expected to see exponential growth during the forecast period. The factors are driving the growth of this market are two-pronged. The first is the wide range of applications. There a quite few notable applications, but with packaged food & beverage industry organizations around the world are increasingly embracing these solutions to ensure the quality of their product is maintained at the highest standards. Secondly, the rise of convenience snacking due to the fast-paced urbanization is also another factor that has made read-to-eat food the go-to preference for today’s urbanites. This is also in part due to the increasing relaxation of food and agricultural trade. Further, today's citizens are global citizens so the inclination to sample exotic preparations is leading to the rise in imports of various foodstuffs that are not native to the region where they are being demanded.

The packaging machinery market trend is also set to surge upwards due to the rise of disposable income and the resulting increase in the standard of living. Besides the aforesaid food and beverage sector, the demand for high-end personal care products is also poised to drive the growth of the market since personal care product requires sturdy packaging solutions to ensure the durability of the products during transit. Further, the packaging machinery market is also witnessing a steady rise in the adoption of smart technologies that enable the integration of numerous smart features that are allowing the various end-users to enhance their productivity.

Key competitive strategies:

To this end, there have been a few key developments, which have been set in motion by certain major market players in the global Automation segment. They are as follows:

In February 2020, bioproduct developer Novamont based out of Italy introduced a new grade of transparent cling film to the Mater-Bi product range that is specifically designed for automatic packaging machines. It is mainly intended for packaging fresh produce and targeted at large scale distribution which engages in retail trade. This clingfilm is also used for medium-sized packaging centers. The unique selling proposition of this product is that along with any probable investment to upgrade the line of packaging machinery a consumer needn’t invest in ad-hoc handling. Further benefits of these integral components are that it is biodegradable, it ensures a great degree of breathability, high transparency, it offers anti-fog properties and last but not the least mechanical strength. Therefore, with projected packaging machinery growth there will be a requirement of such versatile components that will aid in the growth packaging materials as well. Further with the focus on eco-friendly products, both suppliers and consumers are increasingly preferring packaging materials that will intron help in reducing the carbon footprint of the packaging machinery market.

In January 2020, poultry and meat flow wrapper was unveiled by packaging machinery manufacturer Harpak-ULMA that is based on the previously patented technology. The ULMA FS-400 flow-pack machine is marketed to wrap inconsistently shaped and sized items on trays in leak-proof film packaging. Among many benefits extended by this new product is the ease of accessibility as far as the internal components are concerned. The other benefit is that that the new machine also includes a single mechanical cabinet for motors and drive components as well as an electrical cabinet for ease of access. The aforesaid is facilitated by the cantilever design which is an enhancement of the twenty-year-old design of its predecessor.

However, in 2019 a newly incorporated entity managed by Luxemburg based CVC Capital Partner acquired Bosch’s packaging machinery business that is based in Waiblingen. CVC is a private equity and investment advisory firm that has 24 offices in Europe, Asia and the U.S. This agreement includes the transfer of all the associates spread across 15 countries.

Moreover, in March 2019 WestRock a paper and packaging solutions firm has acquired automated packaging machinery firm Linkx Packaging Systems with the objective to expand the former’s automated packaging system offerings portfolio. This acquisition had reported enabled WestRock to address the on-demand packaging for eCommerce applications. The latter’s BoxSizer technology platforms enable consumers to produce multiple sizes of cartons on the same machine. The other benefit which WestRock reportedly would reap is the reduction of the height dimension of custom-sized boxes. Further, this technology will reportedly reduce space, void fill, materials, labor and shipping costs. This by removing excess packaging materials the customers would reduce their environmental footprints and engage in ecofriendly packaging.

In 2019, the Azimuth EVO bagging system has been designed by the Italian manufacturer PFM Packaging Machinery to reduce the downtime for reel changes concomitantly offering automatic film web tracking and a space-saving footprint. This machine will best be suited for stand-up, four-side-seal bags that are increasingly popular for a wide range of food and beverage applications.  Apart fork the aforesaid, another notable launch by this packaging manufacturers includes the latest version of its flexible Pearl flowrapper that is made out of stainless steel for hygienic purposes; the PFM Scirocco, which is an inverted web MAP flowrapper for products that range from wet wipes to dairy products.

Rewinding to 2018, the North American brand of UK-based Riverside Medical Packaging. Ltd. called SP Thermoforming brought about a line of flexible and rigid blister thermoforming machines that feature a new concept of carousel design. It marked the departure from the linear, meters-long chain-pulled thermoformers. All the functions performed by this machinery are via a rotating drum through its radial workstations. SP Thermoforming finds its application in food, pharmaceutical, and medical devices. It is capable of forming both rigid and flexible/soft blisters. This breakthrough design facilitates manufacturers to reallocate manpower which was earlier required to operate an earlier type of packaging machinery. With single-phase low energy consumptions and easy repositioning, this machine reduces its overall footprint which is inclusive of but not limited to the operating cost and energy consumption. Moreover, this peace pf machinery also does away with water cooling, gripper chains and trims reducing the need for high maintenance, contamination, and downtime.

Thus, from the aforesaid key development, it could be discerned that due to a plethora of factors that are stimulating fast-moving consumer goods consumption as well as the need for self-sufficiency in packaging is driving the packaging machinery growth.

The growth of the market for glycinates is majorly attributed to the significantly growing demand for dietary supplements, cosmetics, and personal care products due to the growing disposable income and growing concerns regarding the use of supplements and personal care products. In addition, the burgeoning demand for chelated minerals in the form of food additives is considered to be one of the key factors supporting the growth of the glycinates market during the coming years. Also, the use of high adoption of glycinates for their application in feed additives on account of rising concerns regarding the health of the animals is leading to the restricted use of antibiotics which in turn is projected to amplify the global glycinates market growth. The rising demand for animal feed due to growing demand for poultry products and growing meat consumption is also projected to positively impact the market size over the forecast period. The significantly growing pharmaceutical sector is also anticipated to boost the growth of the market owing to numerous applications of glycinates in medical products.

Glycinates Market, by Application segment

On the basis of application, the global glycinates market has been segmented into pharmaceutical, food additive, cosmetics, feed additives, and others. The rising investments in the chemicals and materials industry in the form of R&D and the development of new products also show the potential for the growth of the market during the next five years. The four major applications of glycinates that are available are explained below:

Pharmaceutical

The wide adoption of glycinates in the pharmaceutical industry is one of the key factors supplementing demand for their application in pharmaceutical products. The growing pharmaceutical industry is one of the prime factors responsible for driving the demand for glycinates for the application in the pharmaceutical segment. The pharmaceutical industry is one of the heaviest regulated sectors in the world. In addition, drugs are evaluated according to their safety, quality, and reliability. Furthermore, increasing pharmaceutical sales and OTC sales is further expected to anticipate the growth of the glycinates market for the pharma industry significantly.

Food Additive

The major factors for the growth of the glycinates market for the food additive segment is leading to the high consumption of fast food and significant consumption of beverages due to changing consumer preferences towards the consumption of food with nutritional benefits. Furthermore, the increase in the middle-class population in the major developing economies is one of the factors bolstering the consumption of food and significantly adding up to the growth of the market during the next five years.

Cosmetics

The growing market for cosmetics products due to rapid urbanization and the deeper penetration of personal care and body care products due to the expansion of the distribution channel is projected to amplify the growth of the glycinates market for the cosmetics industry. Furthermore, growing consumer demand for high-quality, and effective products which further deliver immediate and tangible results is also anticipated to boost the demand for high-quality cosmetic and personal care products.

Feed Additives

A feed additive is one of an additive or an extra nutrient that is mixed with the animal feed majorly for enhancing the level of nutrition of the feed which is given to animals. A significant upsurge in the animal diseases is further fuelling the demand for high-quality feed additives, which in turn is projected to propel the growth of the glycinates market for the application in feed additives. Furthermore, the rising demand for meat and dairy products is also leading to the high adoption of feed additives on account of increased concerns for healthy livestock growth.

North America to hold a noteworthy share in the market

Regionally, the global glycinate market has been classified into North America, South America, Europe, Middle East, and Africa and the Asia Pacific. The North American region is projected to hold a noteworthy share in the market owing to the fact that the population is highly concerned about the consumption of nutritional and dietary supplements which is one of the key factors supporting the growth of the market in the region. Furthermore, the presence of the state-of-art pharmaceutical sector is also anticipated to drive the demand for glycinates in countries such as the United States and Canada. The European region is also anticipated to hold a decent share during 2019, owing to the fact that the major European countries such as Germany, France, and the UK are considered as major industries that are well known for their investments in R&D in the pharmaceutical sector. However, the presence of the well-established food and beverage industry and rising concerns regarding personal health is also anticipated to positively impact the growth of the market throughout the forecast period.

The Asia Pacific region is projected to show multiple growth opportunities on account of the presence of major emerging economies such as India, China, Vietnam, and Indonesia. The rapid urbanization and shift of consumer preferences towards the consumption of highly nutritional products due to rising health concerns, growing middle-class population, and rising disposable income. Furthermore, the growing aging population in the region is also considered to positively impact the growth of the market due to the high consumption of medicines as the immunity of aged people is relatively lower. Further, the growing food and beverage industry in the region is also driving the growth of the market as the rising consumption of fast food especially in India and China is projected to fuel the demand for glycinates in the coming years. Moreover, the increasing demand for animal products and the high consumption of meat products in the region is also anticipated to propel the demand for glycinates and add up to the growth of the market during the next five years.

Video Surveillance System is a kind of system which has the capabilities to capture videos and images that can be further compressed, sent and stored over a wide communication network. These systems are considered highly durable and can be used in almost every environment. The rising needs of security and surveillance is a prime factor which is instigating the adoption of video surveillance across the numerous end-user industries. These video surveillance solutions are affordable and cost-effective methods of surveillance in comparison with the conventional method which is one of the key factors supporting the growth of the market. The burgeoning requirements for monitoring the activities over an area is also anticipating the demand for these surveillance solutions significantly. Furthermore, the rising concerns regarding the safety of the general public is also leading to the increased adoption of these solutions, thereby adding up to the growth of the market throughout the forecast period. Therefore, the cost-effectiveness coupled with the durability of these systems along with the rising security concerns are the major factors anticipated to positively impact the market size over the forecast period.

The burgeoning security concerns is bolstering the growth of the market

One of the major factors which is driving the growth of this market is the rising concerns regarding the safety of public coupled with the growing number of cases associated with thefts, terrorist attacks, and other crimes which is fueling the adoption of video surveillance solutions. In addition, the rising penetration of unmanned drones for surveillance purposes is also expected to drive the growth of the market during the next five years. Furthermore, the cost benefits on the utilization of video surveillance and a considerable reduction in the cost of monitoring as compared with traditional methods is also amplifying the adoption of video surveillance solutions across the numerous industries is also adding up to the significant growth of the market.

Furthermore, a surge in the level of terrorist activities and a growing number of cases related to fraud, theft and physical violence is also projected to drive the market for video surveillance for the coming years. In addition, for mitigating different levels of security threats and the continued regional tension is also leading to the high spending by the government of numerous countries for the adoption of these advanced monitoring solutions is also positively impacting the growth of the market. For instance, according to the British Security Industry Authority (BSIA), the UK government installed over 5.9 million cameras at various locations which included hospitals, schools, and various public places.

Investment in smart cities is also projected to boost the growth of the market

The rapid urbanization in various developing economies such as India, China, and Indonesia is leading the high adoption of technology for the development of smart cities is one of the major prime factors which is considered to expand the adoption of video surveillance solutions during the forecast period and beyond. The rising government initiatives towards the investment in smart cities such as the Make in India project launched by the government of India, in which the government has identified 99 cities which will be converted into smart cities, the Saudi Vision 2030, UAE Vision 2021 and UAE Vision 2023 that include the construction of new hotels, airports, and metros which would add up to the requirement of video surveillance solutions is also projected to boost the growth of the market during the coming years.

Product launches and Collaborations in the Video Surveillance Market

The key players in the market are investing heavily in the collaborations, R&D for the development of state-of-art Information and Communication Technology(ICT) solutions to cater to the growing needs of the various end-users also shows the potential for the video surveillance market growth during the forecast period. For instance, in December 2019, smart video security solutions for general surveillance applications by introducing a range of IP 3000i cameras. In addition, Bosch was selected as a scalable security solution provider for one of Europe’s largest architectural projects, Port Praski which occupied an area of around 38 hectares. The company was selected to provide fire detection systems, a site-wide building management platform and video security. Similarly, the company entered into a partnership with DroneShield Ltd a leading company offering drone detection and mitigation solutions, for utilizing Bosch’s video surveillance solutions with DronShield’s products and together offering an integrated system for drone detection.

Moreover, in September 2019, Hikvision, a globally leading company that offers video surveillance products and solutions announced the signing of a deal with Scylla Technologies Inc., a company dealing in protective intelligence. The main aim of the deal was to explore the opportunities for the integration of AI technologies for surveillance solutions.

The healthcare applications to show robust growth in the adoption of these solutions

The burgeoning requirements for patient safety and the growing investments by healthcare providers in the adoption of the latest technology for the enhancement of the quality of services and treatment is one of the key factors which is projected to the high adoption of these solutions across the healthcare settings. The stringent government regulations regarding video surveillance for effecting monitoring is significantly driving adoption across the healthcare sector.

Asia Pacific to grow substantially

The North American region is anticipated to hold a decent share in the market on account of a well-established infrastructure and the early adoption of technology. Furthermore, the presence of well-established industries in the region such as the high-tech healthcare industry and a highly secure transport sector also support the growth of the market in this region. The Asia Pacific region is expected to show good growth opportunities owing to investment in smart cities in countries such as India coupled with rapid urbanization and industrialization and rising investments by industry players for the adoption of these video surveillance solutions majorly for security optimization.