Tablet Coatings Market Size Worth $1,401.86 Million By 2032 | CAGR: 5.7%

Tablet Coatings Market Size Worth $1,401.86 Million By 2032 | CAGR: 5.7%

The global tablet coatings market size is expected to reach USD 1,401.86 million by 2032, according to a new study by Polaris Market Research. The report “Tablet Coatings Market Share, Size, Trends, Industry Analysis Report, By Polymer (Cellulosic, Vinyl, Acrylic); By Functionality; By Type; By End Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

As more people become health-conscious and seek out products to help them maintain their wellbeing, the demand for dietary supplements is increasing, particularly among the upper- and middle-class population. Tablet coatings are an important aspect of the manufacturing process for many dietary supplements. The great interest in supplements as potential COVID-19 preventatives through maintaining or boosting immune function has substantially driven the surge in global supplement sales. In Poland, the first wave of the pandemic led to an increase in online consumer search trends for supplements, which persisted during the second wave of the pandemic.

The increase in demand for nutraceuticals is driving the need for specialized tablet coatings. As consumers continue to seek out health-related products, the market for tablet coatings is expected to continue to grow, as manufacturers focus on developing new coatings that can meet the unique needs of the nutraceutical industry. Statistics from the Drug Marketing and Manufacturing Association (DMMA) showed high demand for the dietary supplements middle class population, therefore the level of consumption of nutraceuticals is anticipated to increase in the upcoming months.

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Hospitalization costs have increased, and the healthcare system is currently overburdened. Because of this, customers are choosing preventive care over expensive treatments, which is causing a dramatic increase in demand for nutraceuticals. According to reports from the United States, the demand for multi-vitamins increased significantly in March 2020, with sales increasing by 51.2% and reaching about 120 million units within that time frame. In March 2020 compared to the same month the previous year, vitamin sales alone surged by 63% in the UK and by between 40–60% in France. This is driving the growth of the market in coming future.

Tablet Coatings Market Report Highlights

  • Cellulosic segment is anticipated to witness significant growth owing to the combination of biodegradability, cost-effectiveness, high compatibility, versatility, and regulatory compliance
  • Sustained release is expected to witness higher growth rate due to improved patient compliance, enhanced therapeutic efficacy, reduced side effects,
  • Film coated segment accounted for the higher growth rate owing to the combination of improved product stability, attractive appearance, and taste-masking.
  • Pharmaceutical Industry is projected to experience significant growth rate due to the growing demand for coated tablets, increasing investment in R&D and advancements in coating technology.
  • Asia Pacific is expected to grow at a significant growth rate owing to the growing pharmaceutical industry, increasing population, growing health awareness and investment in R&D.
  • The global players include Colorcon, Sensient Technologies Corporation, BASF, Evonik Industries, Ashland Global Holdings, DuPont, Kerry Group, Roquette Freres, Eastman Chemical, Air Liquide, and Merck.

Polaris Market Research has segmented the tablet coatings market report based on polymer, functionality, type, end use, and region:

Tablet Coatings, Polymer Outlook (Revenue - USD Million, 2019 - 2032)

  • Cellulosic
  • Vinyl
  • Acrylic

     Tablet Coatings, Functionality Outlook (Revenue - USD Million, 2019 - 2032)

  • Delayed Release
  • Sustained Release

Tablet Coatings, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Sugar Coated
  • Film Coated
  • Enteric Coated
  • Gelatin Coated

Tablet Coatings, End Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Pharmaceutical Industry
  • Nutraceutical Industry

Tablet Coatings, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
    • U.S.
    • Canada
    • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa