Global Softgel Tumble Dryer Market, by Instrument Type (Standard Tumble Dryer and Continuous Tumble Dryer), by End User (Pharmaceutical Companies, Health Supplements Companies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 85.7 million in 2020 and is expected to exhibit a CAGR of 10.5% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Softgels (soft gelatin capsules) are some of the most essential products for numerous pharmaceutical and nutritional business and in other biopharmaceutical sector. This is expected to boost the growth of the global softgel tumble dryer market. Softgel drying process enables the manufacturing of soft gelatin capsules of precise shapes and removes the excessive moisture from the gelatin. These advantages are likely to propel demand for softgel liquid capsule filling machines. Furthermore, FDA compliances allow manufacturers to safeguard the interest of their consumers as the regulations monitor and regulate quality and control of the manufacturing process. These factors may increase customer’s trust in the brand owner and impact the softgel liquid capsule filling machine positively.
Global Softgel Tumble Dryer Market – Impact of Coronavirus (COVID-19) Pandemic
The coronavirus (COVID-19) pandemic has impacted almost all the industries globally including machinery manufacturing industry.
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To combat the COVID-19 pandemic, several countries have implemented nationwide lockdowns and easing it in phases and by industry. This has significantly impacted machinery manufacturing as facilities across the globe were temporarily shut down in countries such as China, Italy, and India.
Softgels manufacturing companies are the largest end users of softgels encapsulation machines, drying tumbles, drying trays, and others. As a result, demand for these products has declined due to ceasing of activities of production units.
Browse 25 Market Data Tables and 24 Figures spread through 156 Pages and in-depth TOC on “Global Softgel Tumble Dryer Market, by Instrument Type (Standard Tumble Dryer, and Continuous Tumble Dryer), by End User (Pharmaceutical Companies, Health Supplements Companies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
There are different types of softgel tumble dryers such as tumble dryers that require drying trays. On the other hand, tumble dryers which do not need drying trays are available for a range of softgels production volume requirements. In case of tumble dryers requiring drying trays, once the soft gel capsules leave the tumble dryer, one has to empty those softgels in drying trays. The internal lining of drying trays is made of paper which can remove significant amount of moisture and ensure an effective and efficient drying process. While tumble dryers without the need for drying trays, are considered as continuous soft gel drying processes where large tumble dryers are required. In such cases, softgel capsules remain in tumble dryers for a long time. Continuous soft gel drying process is ideal for single product (softgels) manufacturing process.
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The market is expected to gain significant traction during the forecast period as various contract manufacturing organizations are engaged in adoption of inorganic strategies such as partnership agreements and collaborations to accelerate large scale softgels production. For instance, in July 2018, Zenabis Ltd., a privately-held, Cannabis Company, entered a long-term strategic manufacturing agreement with Capcium Inc. a Montreal-based contract manufacturing platform specializing in softgel manufacturing. Such activities are expected to drive demand for softgels tumble dryers, these machines play a crucial role in maintaining the quality of softgels by removing excessive moisture from the gelatin.
Key Takeaways of the Global Softgel Tumble Dryer Market:
The global softgel tumble dryer market is expected to exhibit a CAGR of 10.5% during the forecast period due to an increasing number of contract manufacturing services by pharmaceutical and health supplements companies.
Market growth is largely driven by the growth of the pharmaceutical and nutritional supplements for softgels manufacturing. Moreover, the growing need for technologically advanced equipment and machinery is expected to accelerate large scale softgels production.
Key players operating in the global softgel tumble dryer market are Changsung Softgel System Ltd., SKY SOFTGEL CO., LTD., GIC Engineering, Inc., KAMATA CO., LTD., TOOLTRONICS, SaintyCo, Technophar, JOYSUN PHARMA, Wuxi Jangli Machinery Co., Ltd., CapPlus Technologies, SEC Softgel Technology, Mysoftgel Co., Ltd., and Beijing KunYou Pharmatech Co Ltd.
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