Comprehensive Study on the Tablet Coatings Market: Enhancing Industry Insight, Anticipating Trends, Analyzing Growth Factors, and Projecting Development from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Tablet Coatings Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Tablet Coatings Market to reach USD 107 billion by 2027. Global Tablet Coatings Market is valued approximately USD 73 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.73% over the forecast period 2021-2027.
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Tablet Coatings is a process by which essentially dry, outer layer of coating material is applied to the surface of a dosage form in order to confer specific benefits over uncoated variety. Over the time, coating processes have developed form those who are more technologically advanced and controlled such that compliance. And that is how good manufacturing practices (GMPs) is facilitated. Surge in the generic market and generic drugs are cost-effective and have therapeutic effectiveness and safety. In 2018, the US healthcare system saved around USD 292.6 billion because of increase in adoption of generic drugs. Medicare and Medicaid saved USD 90.3 billion and USD 46.8 billion respectively. In many countries’ government are promoting the use of generic drugs because of cost advantage. Also, growing pharmaceutical market leads to drive growth in the global tablet coating market. According to Indian Economy survey 2021, the domestic market id expected to grow 3x in the next decade. India’s domestic pharmaceutical market is estimated at USD 42 billion in 2021 and likely to reach USD 120-130 billion by 2030. However, unfavorable price control policies in drug impedes the growth of the market over the forecast period of 2021-2027. Also, rise in sport nutrition market, as consumers seeking healthy living and fitness is likely to increase the market growth during the forecast period.
The regional analysis of global Tablet Coatings market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to large number of pharmaceutical giants and along with this large production capacity leading to high consumption od excipients. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rise in elderly population would create lucrative growth prospects for the Tablet Coatings market across Asia-Pacific region.
Major market player included in this report are:
Merck KGaA
Colorcon Inc.
Sensient Technologies Corporation
BASF SE
Evonik Industries AG
Ashland Global Holdings Inc.
DuPont De Numeours Inc.
Kerry Group plc
Roquette Freres
Eastman Chemical Company
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Polymer Type:
Cellulosic Polymers
Vinyl Derivatives
Acrylic Polymers
Other Polymer
By Functionality:
Non-functional non-modifying coatings
Functional modifying coatings
Functional non-modifying coatings
By Type:
Film-coated tablets
Sugar-coated tablets
Enteric-coated tablets
Gelatin-coated tablets
Other tablet coatings
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By End User:
Pharmaceutical Industry
Nutraceutical Industry
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Here are the key questions addressed in the report:
- What is the potential for growth in the Tablet Coatings market?
- Which product segment is expected to dominate the market?
- Which regional market is likely to emerge as a frontrunner in the future?
- Which application segment is poised for strong growth?
- What are the potential growth opportunities that may arise in the Tablet Coatings industry?
- What are the major challenges that the Tablet Coatings Market may face in the future?
- Who are the leading companies in the Tablet Coatings Market?
- What are the key trends positively impacting the market’s growth?
- What growth strategies are being considered by the market players to maintain their position in the Tablet Coatings Market?
Our sample report encompasses the following elements:
- Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
- Research Report of 200+ Pages: The report consists of more than 200 pages, incorporating the latest research findings and insights.
- Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
- Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
- List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
- Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
- Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.
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