Tablet Coatings Market Outlook
According to the report by Expert Market Research (EMR), the global tablet coatings market size reached a value of almost USD 830.19 million in 2023. Aided by the growing demand from pharmaceutical and nutraceuticals segments and the development of innovative pharmaceutical products, the market is projected to further grow at a CAGR of 5.50% between 2024 and 2032.
Tablet coatings, a critical phase in drug formulation, refer to the layers or barriers applied on pharmaceutical tablets. These coatings serve numerous functions: from therapeutic benefits, such as controlling the drug release, to aesthetic enhancements like colouring, and practical utilities like improving swallowability. These are primarily composed of polymers, plasticisers, and pigments. Owing to their multifaceted benefits, these coatings have become an essential component in the pharmaceutical industry.
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One of the major tablet coatings market trends is the burgeoning requirement for modified and sustained drug release. With the increasing preference for patient-friendly drug administration, pharmaceutical companies are consistently seeking coatings that offer controlled, delayed, or targeted drug delivery, ensuring maximum therapeutic efficacy.
Moreover, the aesthetic appeal and recognisability of tablets, facilitated by coatings, have also bolstered the tablet coatings market demand. As more patients opt for self-medication, distinguishing tablets through unique colours, sheens, and imprints has become a priority for drug manufacturers, ensuring patient compliance and safety.
Another prominent trend shaping the market for tablet coatings is the growing demand for natural and organic coating materials. As consumers become increasingly health-conscious, there is a growing shift towards tablets coated with natural polymers and pigments. This is not only in response to patient preferences but also a proof to the potential health benefits associated with these natural ingredients, such as fewer allergic reactions.
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Through a comprehensive tablet coatings market analysis, it becomes apparent that technological advancements play a pivotal role in the industry’s progression. With the integration of cutting-edge technology, the efficiency, uniformity, and speed of the coating process have witnessed substantial improvements. Advanced machines, coupled with high-performance coating materials, have streamlined production, ensuring that tablets cater to the highest standards of quality and safety.
Furthermore, the global emphasis on research and development activities has led to the advent of innovative coating solutions, bolstering the tablet coatings market size. As researchers and pharmaceutical experts collaborate, innovative formulations that offer enhanced solubility, stability, and shelf-life are emerging. These advancements not only amplify the therapeutic benefits of the drug but also reduce potential side effects, ensuring optimum patient well-being.
Tablet Coatings Market Segmentation
The market can be divided based on end use and region.
Market Breakup by End Use
- Pharmaceuticals
- Nutraceuticals
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tablet coatings market. Some of the major players explored in the report by Expert Market Research are as follows:
- Colorcon Inc.
- BASF SE
- Kerry Inc.
- Ideal Cures Pvt. Ltd.
- Evonik Industries AG
- Sensient Technologies
- Others
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