Global Tablet Coatings Market Overview:
The global tablet coatings market size is estimated to reach USD 3.7 billion by 2030, growing at a CAGR of 6.4% during the forecast period, 2022-2030 and it was valued at USD 2.5 billion in 2022.
Tablet coatings have become one of the most critical steps in the manufacturing of tablets. Tablet coatings are gradually becoming an essential part of pharmaceutical drug delivery of solid oral dosage forms. Tablet coating is how an essentially dry, outer layer of coating material is applied to the surface of a dosage form to provide specific benefits over uncoated variety. It is the last critical step in the tablet production cycle. The main objective for coating the tablet is to prevent drug-induced irritation at a specific site within the gastrointestinal tract and improve product appearance by avoiding unpleasant odors and bitter taste of some drugs. Tablet coatings are also performed to protect the drug from the external environment and ease of swallowing. In addition, the tablet is coated depending upon its specific functionality and targeted consumer.
Global Tablet Coatings Market Insights
The growing demand for convenient dosage forms and the rise in solid oral dosage forms are expected to propel the demand for tablet coatings over the coming years. The major factors are the growing adoption of oral drug formulation and increasing R&D investments. Additionally, the increasing utilization of orphan drugs and the increasing uptake of biopharmaceuticals by the geriatric population will spur the global tablet coatings industry in future periods. Furthermore, the growing biosimilars industry and increasing demand for nutraceuticals are expected to witness remarkable growth of the tablet coatings market. Moreover, technological advancement and rapid innovation in tablet coatings systems positively impact the market for tablet coatings in the pharmaceutical industry. Furthermore, the rapidly expanding customer base, rise in the extensive R&D affairs at the academic and industrial level, and rising disposable income fuel the demand for the tablet coatings market. The growing geriatric population and fast-moving healthcare demands in the developing world are making the growth of the tablet coatings market across the globe.
Growth Driver
The coating of mini-tablets is a key trend of the tablet coatings market due to its numerous advantages, including less coating material required, less risk of dose dumping, ease of manufacturing, less risk of dose dumping, solvents are not needed during its production, versatile sustained release, immediate-release tablet systems, modified-release tablet formulations, and excipient technologies are the other advancements in this market. Additionally, the growing demand for tablet generics to treat lifestyle-related diseases is expected to boost market growth. However, the high cost allied with the microencapsulation process in sustained-release formulations is a major factor restraining the growth.
Polymer Type Segmental Analysis
The global tablet coatings market is segregated into cellulose polymers, vinyl derivatives, acrylic polymers, and other polymers based on the polymer type. The cellulose polymer segment is estimated to witness the highest growth over the analysis timeframe owing to the high adoption of cellulose polymer due to their ability to form coatings generally having supportable properties such as high flowability, good film strength, less sensitivity to wet granulation, good tableting at a low price, aqueous solubility, and compressibility. The acrylic polymers will grow significantly due to the great adoption of tablet coatings because of their UV stability and cost-effectiveness.
Functionality Segmental Analysis
The global tablet coatings market is categorized into non-functional non-modifying coatings, functional modifying coatings, and functional non-modifying coatings based on the functionality. The non-functional non-modifying coatings segment is held for a significant market share in 2021 and will gain maximum market revenue by 2030. It is attributable to high adoption in these coatings to manufacturing immediate-release dosage forms due to associated benefits such as easy identification, improved swallowability, great protection against light & moisture, and taste improving capability. Also, the growing demand for nutraceuticals will continue to boost the market. The functional modifying coatings segment is poised to witness significant growth over the forecast period. It is due to the rising demand for modified release dosage forms and the increasing need to protect acid-sensitive drugs.
Type Segmental Analysis
Based on type, the global tablet coatings market is categorized into film-coated, sugar-coated, gelatin-coated, enteric-coated tablets, and other tablet coatings. The film-coated segment held for a significant market share in 2021 and will gain maximum market revenue by 2030. It is attributable to the increasing adoption in pharmaceutical industries due to its benefits, including minimal weight increase, shorter processing time, high resistance to chipping of the coating, and increased flexibility in the choice of film-forming polymer. The sugar-coated segment is poised to witness significant growth over the forecast period as it is aged & highly adopted the coating method to prevent the bitter taste of drugs and gain the sweet aroma in foul-smelling supplements.
End-User Segmental Analysis
The global tablet coatings market is segmented into the pharmaceutical industry and nutraceutical industries based on the end-user. The nutraceuticals segment will dominate the global tablet coatings market by 2030 due to the surge in demand for nutraceuticals to prevent lifestyle-related diseases and the growing adoption of health supplements and sports nutrition. The pharmaceuticals and biotechnology companies were assigned for the largest share of the tablet coatings market in 2021 because of the increasing adoption of generic drugs.
Region Segmental Analysis
The global tablet coatings market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2022-2030. Due to big pharmaceutical companies’ presence, growing consumption of excipients, and increasing demand for biosimilars and generics. Europe will capture a prominent share of the tablet coatings market by 2030. It is due to the increasing uptake of superior pharmaceutical products and improving healthcare infrastructure.
Competitor Analysis
Merck KGaA, Eastman Chemical Company, Aries Exim Pvt. Ltd., Corel Pharma Chem, Biogrund GmbH, Evonik Industries Ag, Dupont De Nemours Inc, Aquadry Pharma Pvt. Ltd., Air Liquide S.A., Lubrizol Corporation, Ashland Global Holdings Inc, Spectrum Chemical Mfg. Corp., Roquette Freres, and Wincoat Colours & Coatings Pvt. Ltd is a key player in the global tablet coatings market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global tablet coatings product manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to tablet coatings
- Regulatory bodies
- Suppliers
- Retailers
Recent Developments
- In October 2022, Ashland presented Klucel xtend hydroxypropyl cellulose (HPC) controlled release matrix former, developed to deliver unsurpassed process versatility and release profile efficiency. It is the latest expansion to the company’s Klucel product line and further extends its controlled release portfolio.
- In October 2020, Evonik established EUDRAGIT ready-to-use powder premix to improve the processing, build, and swallowability of oral drug products with an quick release profile.
The objective of the Research
- Market modeling begins with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps assess potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines an in-depth scenario of the target market by grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics.
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs, wants, and cultural characteristics that can specifically target.
Market Modelling
By Polymer Type
- Cellulosic Polymers
- Vinyl Derivatives
- Acrylic Polymers
- Other Polymers
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
By End-User
- Pharmaceutical Industry
- Nutraceutical Industry
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
More Related Reports:
Laboratory Filtration Market
Hydroxychloroquine Market
Organic Personal Care Products Market
Personal Care Packaging Market
Biomaterials Market
Smart Vending Machine Market
Ready to Assemble Furniture Market
Electronic Health Records Market
Optical Transceiver Market
Global Tablet Coatings Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Tablet Coatings Market Overview
- Market Size & Forecast,2016-2027
- Market Share & Forecast, 2016-2027
- By Polymer Type
- Cellulosic Polymers
- Vinyl Derivatives
- Acrylic Polymers
- Other Polymers
- 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
- By End-user
- Pharmaceutical Industry
- Nutraceutical Industry
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- North America Tablet Coatings Market Overview
- North America Tablet Coatings Market Size & Forecast, 2016-2027
- North America Tablet Coatings Market Share & Forecast,2016-2027
- By Polymer Type
- Cellulosic Polymers
- Vinyl Derivatives
- Acrylic Polymers
- Other Polymers
- 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
- By End-user
- Pharmaceutical Industry
- Nutraceutical Industry
- By Country
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Tablet Coatings Market
- Europe Tablet Coatings Market Overview
- Europe Tablet Coatings Market Size & Forecast, 2016-2027
- Europe Tablet Coatings Market Share & Forecast,2016-2027
- By Polymer Type
- Cellulosic Polymers
- Vinyl Derivatives
- Acrylic Polymers
- Other Polymers
- 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
- By End-user
- Pharmaceutical Industry
- Nutraceutical Industry
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Tablet Coatings Market
- Asia Pacific Tablet Coatings Market Overview
- Asia Pacific Tablet Coatings Market Size & Forecast, 2016-2027
- Asia Pacific Tablet Coatings Market Share & Forecast, 2016-2027
- By Polymer Type
- Cellulosic Polymers
- Vinyl Derivatives
- Acrylic Polymers
- Other Polymers
- 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
- By End-user
- Pharmaceutical Industry
- Nutraceutical Industry
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Tablet Coatings Market
- South America Tablet Coatings Market Overview
- South America Tablet Coatings Market Size & Forecast, 2016-2027
- South America Tablet Coatings Market Share & Forecast,2016-2027
- By Polymer Type
- Cellulosic Polymers
- Vinyl Derivatives
- Acrylic Polymers
- Other Polymers
- 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
- By End-user
- Pharmaceutical Industry
- Nutraceutical Industry
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Tablet Coatings Market
- Middle East & Africa Tablet Coatings Market Overview
- Middle East & Africa Tablet Coatings Market Size & Forecast, 2016-2027
- Middle East & Africa Tablet Coatings Market Share & Forecast, 2016-2027
- By Polymer Type
- Cellulosic Polymers
- Vinyl Derivatives
- Acrylic Polymers
- Other Polymers
- 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
- By End-user
- Pharmaceutical Industry
- Nutraceutical Industry
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Tablet Coatings Market
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Baxter International Inc.
- Pfizer Inc.
- Fresenius SE & Co. KGaA
- Par Pharmaceutical
- Abbott Laboratories
- Bayer AG
- Novartis AG
- Astra Zeneca plc
- Hoffmann-La Roche
- Glaxo Smith Kline plc
- Piramal Enterprises Limited
- Merck & Co., Inc.
- Other Prominent Players