SOFTGEL TUMBLE DRYER MARKET ANALYSIS
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) - Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
During soft gelatin capsules (softgels) manufacturing, warm liquid gelatin is spread over a slowly revolving, stainless steel drum. A supply of chilled dry air solidifies the gelatin as the drum rotates so that a tacky, elastic band rolls off the other end. This thin band is automatically formed into capsules filled with medicine. From the softgels encapsulation machines, the soft and moist capsules are transferred to drying drums or tumble dryers for rapid drying depending on the size of the soft gelatin capsules from which the moisture is to be removed.
The global softgel tumble dryer market 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).
Figure 1. Global Softgel Tumble Dryer Market Share (%), by Instrument Type, 2020
Global Softgel Tumble Dryer Market - Drivers
Softgels contract manufacturers and other life science companies engaged in softgels manufacturing is expected to drive demand for softgel tumble dryers. For example, NutraScience, is a leading softgel contract manufacturer service provider, and has the most state-of-the-art equipment required in the production of softgels. Thus, contract manufacturers are the potential buyers of softgel manufacturing equipment such as encapsulation machines, tumble dryers, and others and contributing to growth of the market.
Moreover, contract manufacturing agreements among players are expected to drive the growth of the globalglobal softgel tumble dryer market during the forecast period. For instance, on September 16, 2020, ZYUS Life Sciences Inc. selected Capcium Inc.’s (Capcium) subsidiary, GelCan Corporation Inc. (GelCan), a pharmaceutical-grade manufacturer of softgel capsules, to encapsulate ZYUS softgels for the Canadian medical cannabis market. This agreement will support ZYUS Life Sciences in development and production of standardized, high-quality cannabinoid-based softgels.
Maintaining the stability and quality of the medicinal products and health supplements such as softgels is a major concern faced by the pharmaceutical and nutraceutical industry. Generally, softgels are heat sensitive and require suitable devices for drying process. The technologically advanced industrial dryers such as tumble dryers, including tray dryers and continuous softgels dryers, are suitable for drying operation in food and pharmaceutical industries. Moreover, these dryers are also used for uniformly shaping the softgels. Thus, growth of the pharmaceutical and food sectors is expected to drive growth of the global softgel tumble dryer market in the near future.
Global Softgel Tumble Dryer Market - Restraints
In the pharmaceutical sector, drying process alone consumes around 10 to 20% energy relative to other unit operations involved in the industry. Furthermore, majority of softgels tumble drying operations are focused on operations that require hot air for drying, which is formed by the burning of fossil fuel. Burning of fossil fuel imparts additional operational costs in the drying process. These factors are expected to hamper the market growth in near future.
Figure 2. Global Softgel Tumble Dryer Market Value (US$ Mn), by Region, 2020
Global Softgel Tumble Dryer Market - Regional Analysis
On the basis of region, the global softgel tumble dryer market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Asia Pacific global softgel tumble dryer market is expected to exhibit significant growth during the forecast period, as several softgel tumble dryer providers are present in the region. For example, key players such as Changsung Softgel System Ltd (South Korea), SKY SOFTGEL CO., LTD., KAMATA CO., LTD., (Tokyo, Japan), Wuxi Jangli Machinery Co.,Ltd (China), and others are major softgels tumble dryer providers in Asia Pacific.
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Key Players:
Major 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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