Tablet Coating Market - By Polymer (Cellulosic, Acrylic), Type (Film, Sugar, Enteric), Functionality (Non-functional Non-modifying, Functional Modifying, Functional Non-Modifying), End-user (Pharmaceutical, Nutraceutical), Global Forecast, 2023 – 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTablet Coating Market Size
Tablet Coating Market size was valued at around USD 831.7 million in 2022 and is expected to grow at a CAGR of 5.8% from 2023 to 2032. The growth of this industry is attributed to the factors such as growing pharmaceutical industries, increasing demand for biopharmaceuticals, increasing adoption of orphan drugs, and rising demand for nutraceuticals.
Tablet coating is the method of applying coating materials to the surface of a tablet to obtain desirable pre-formulation qualities over the uncoated kind. The growth of the pharmaceutical sector and the associated R&D activities are expected to drive market growth. The growing geriatric population and the subsequently increasing prevalence of chronic diseases among this age group are expected to propel market growth.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Tablet Coating Market Size in 2022 | USD 831.7 Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5.8% |
| 2032 Value Projection | USD 1.45 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 160 |
| Tables, Charts & Figures | 282 |
| Segments covered | Polymer type, Type, Functionality, End-user, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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COVID-19 Impact
The COVID-19 pandemic threw a wrench into the tablet coating industry worldwide. Lockdowns and travel bans made it tough to get ingredients, manufacture, and ship products. It was a rough patch for healthcare, especially for people making drugs. But hold on! The pandemic also spurred a surge in demand for treatments to fend off COVID-19. Drug companies saw their chance and started repurposing existing drugs. So, despite the setbacks, the tablet coating market managed to hold its ground during the pandemic. As the dust settles and healthcare systems get back on track, the tablet coating market is poised for a steady climb. Less COVID-19, better healthcare – it's a recipe for growth!
Tablet Coating Market Trends
Hey there! The tablet coating business worldwide has been soaring lately, and here's why1. Pharmaceuticals on the Rise People are getting sicker with chronic diseases, and tablets are a big part of treating them. Drug companies are making more and more meds, which means they need more coatings. 2. Biopharma Boom Fancy new drugs called "biopharmaceuticals" are getting more popular, and they often come in tablet form. So, that's even more demand for coatings. 3. Orphan Drugs on the Upswing Special medicines made for rare diseases, known as orphan drugs, are also gaining ground. And guess what? They're usually tablets. 4. Nutraceuticals Need Coatings Too Vitamins, supplements, and other health products are in high demand. These "nutraceuticals" often come in tablet form, so they need coatings too. In Europe alone, the drug industry has seen a huge jump in production, from €286 billion in 2020 to €300 billion in 2021. That's a lot more drugs, and a lot more need for tablet coatings!
Tablet Coating Market Analysis
Based on polymer type, the global tablet coating market is subdivided into cellulosic polymers, vinyl polymers, acrylic polymers, and other polymers. The cellulosic segment accounted for the largest market share in 2022. The increased adoption of these polymers is attributed to their capacity to produce coatings with acceptable qualities such as good film strength, aqueous solubility, compressibility, decreased susceptibility to wet granulation, flowability, and improved tableting at a low cost. Factors including global regulatory acceptance and easy availability from manufacturers are also driving the adoption of these polymers for coating applications.
Based on type, the global industry is classified into film coated, sugar coated, enteric coated, gelatin coated, and other coating types. The film coated segment held the highest market share in 2022. The rising incidences of diseases such as diabetes, asthma, and acidity have led to increased demand and production of film-coated tablets for disease treatment. The expansion of the film-coated tablet segment is attributable to the increased use of these tablets as health supplements, such as vitamin compounds.
Based on functionality, the global tablet coating market is subdivided into non-functional non-modifying coating, functional modifying coating, and functional non-modifying coating. The non-functional non-modifying coating comprised of largest market share in 2022. The largest share of this segment attributed to the factors such as increasing use of these coatings for the production of immediate release drugs. High demand for novel drug delivery formulations and dietary supplements using immediate release coatings is expected to drive the growth of this market.
Based on end-user, the global tablet coating market is classified into pharmaceutical companies and nutraceutical companies. In 2022, the pharmaceutical companies segment accounted for highest revenue share in this market. The increasing prevalence of chronic diseases for which the primary treatment options are tablet-based formulations increases the demand for tablet coating. Increasing research and development activities for developing novel drug delivery formulations will support the growth of global tablet coating business.
Imagine the world as a giant puzzle, with the tablet coating industry as one of its key pieces. Now, let's zoom in on this puzzle. We can see that the world's tablet coating market is like a tapestry woven together from different regionsNorth America, Europe, Asia Pacific, Latin America, and the Middle East with Africa. In 2022, Europe stood out as the region with the biggest piece of this pie. Why? Well, there are a lot of big drug companies in Europe that can make tons of pills. But that's not all. People are becoming more and more health-conscious, demanding higher quality medicines, generic versions, and innovative new drugs. This rush for better medicines is driving the growth of the tablet coating market. And here's another big sliceAs we age, we tend to get more illnesses. Plus, there are more people living longer than ever before. All these extra sick folks mean more demand for medicines, which in turn means more demand for tablet coatings.
Tablet Coating Market Share
The key players in tablet coating market are
- Colorcon
- Merck KGaA
- Sensient Technologies Corporation
- JRS Pharma
- Evonik Industries AG
- Ashland Global Holding Inc
- DuPont De Nemours Inc
- Kerry Group plc
- Roquette Frères,
- Eastman Chemical Company.
These companies are implementing several strategies such as collaborations, acquisitions, partnerships, mergers, and product launches, etc. to maintain a competitive edge in the industry.
Tablet Coating Industry News
- In February 2021, Colorcon launched Nutrafinish which is label friendly and TiO2-free tablet coating for nutritional supplements.
- In February 2022, JRS PHARMA launched TiO2-free, ready-to-use coatings called VIVACOAT-free for both pharmaceutical and nutraceutical formulations.
The global tablet coating market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments Click here to Buy Section of this Report
By Polymer Type
- Cellulosic polymers
- Vinyl polymers
- Acrylic polymers
- Other polymers
By Type
- Film coated
- Sugar coated
- Enteric coated
- Gelatin coated
- Other coating types
By Functionality
- Non-functional non-modifying coating
- Functional modifying coating
- Functional non-modifying coating
By End-user
- Pharmaceutical companies
- Nutraceutical companies
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Switzerland
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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