What is Global Drying Systems for Softgels Market?
The Global Drying Systems for Softgels Market is a specialized sector that focuses on the production and distribution of drying systems specifically designed for softgel capsules. Softgels are a type of encapsulated dietary supplement or medication that requires specific drying conditions to maintain their integrity and effectiveness. The market encompasses various types of drying systems, including tumbler dryers, drying tunnels, and in-line drying systems. These systems are designed to carefully control the drying process, ensuring that the softgels do not crack or lose their shape, while also maintaining the quality of the encapsulated product. The market is driven by the increasing demand for softgel products in various sectors, including pharmaceuticals and health supplements. As the production of softgels continues to grow, so does the need for efficient and effective drying systems.
Tumbler Dryer & Drying Tunnels, In-Line Drying in the Global Drying Systems for Softgels Market:
Tumbler Dryer & Drying Tunnels and In-Line Drying are two major types of drying systems used in the Global Drying Systems for Softgels Market. Tumbler Dryers are designed to gently tumble the softgels in a controlled environment, allowing for even drying without damaging the capsules. Drying Tunnels, on the other hand, are large-scale systems that allow for the continuous drying of large batches of softgels. These systems are often used in high-volume production facilities. In-Line Drying systems are designed to integrate with the production line, providing a seamless transition from encapsulation to drying. These systems are often preferred for their efficiency and compact design. Each of these systems plays a crucial role in the production of high-quality softgels, contributing to the growth and development of the market.
Pharmaceutical, Health Supplements, Others in the Global Drying Systems for Softgels Market:
The Global Drying Systems for Softgels Market finds its application in various sectors including Pharmaceuticals, Health Supplements, and others. In the pharmaceutical industry, these drying systems are used to produce softgel capsules for a variety of medications. The controlled drying process ensures the stability and efficacy of the medication, making it a preferred choice for many pharmaceutical companies. In the health supplements sector, softgels are often used to encapsulate vitamins, minerals, and other supplements. The use of drying systems allows for the production of high-quality softgels that are easy to swallow and digest. Other sectors also utilize these drying systems for the production of various softgel products, contributing to the overall growth of the market.
Global Drying Systems for Softgels Market Outlook:
The Global Drying Systems for Softgels Market has shown significant growth in recent years. In 2023, the market was valued at US$ 52 million and is expected to reach US$ 100.8 million by 2030, growing at a CAGR of 9.8% during the forecast period from 2024 to 2030. The APAC market accounted for approximately 65.25% of the global market in 2019, while the Americas and Europe held about 12.75% and 19.43% respectively. Tumbler Dryer & Drying Tunnels, being the most expensive type, accounted for about 75.79 % of the total cost in 2019. Health Supplements, being the most widely used area, accounted for about 63.96% of the total in 2019. This data reflects the growing demand for drying systems in the production of softgels, particularly in the health supplements sector.
| Report Metric | Details |
| Report Name | Drying Systems for Softgels Market |
| Accounted market size in 2023 | US$ 52 million |
| Forecasted market size in 2030 | US$ 100.8 million |
| CAGR | 9.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Technophar (Mitsubishi Chemical Holdings Corporation), Changsung Softgel System, Long March Tianmin, SKY Softgel & Pack Co., Ltd., Pharmagel Technology, GIC Engineering, Bochang Co. Ltd, Sankyo, Joysun Pharma Equipment Co., Ltd, Kamata Co., LTD |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
