Hard gelatin capsules are made of two shells: the capsule body and a shorter cap. They are clear, colorless, and essentially tasteless. Two-piece capsules have been used for almost a century in the pharmaceutical field and the gelatin has been adopted as the main material of these capsules due to its excellent characteristic as a gelatinizer.
The global empty hard gelatin capsules market was valued at $1,841.5 million in 2017 and is expected to reach $3,707.5 million by 2025, registering a CAGR of 9.1% from 2018 to 2025. Capsules are relatively stable shells that contain or encapsulate medicines, which are administered in a variety of dosage forms. As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under
· A B L Biotechnologies Ltd.
· A C G Arts & Properties Pvt. Ltd.
· Akums Drugs & Pharmaceuticals Ltd.
· Capsugel Healthcare Ltd.
· Chemcaps Ltd.
· Dinesh Remedies Ltd.