A recent report published by
Infinium Global Research on pharmaceutical excipients market provides in-depth
analysis of segments and sub-segments in the global as well as regional
pharmaceutical excipients market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional
pharmaceutical excipients market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecasts, and dollar values of the global pharmaceutical excipients market. According to the report, the global pharmaceutical
excipients market is projected to grow at a CAGR of 5.85% over the forecast
period of 2020-2026.
Pharmaceutical Excipient is an
inactive substance formulated alongside the active pharmaceutical ingredient of
a medication. This excipient has no medicinal properties. Its standard purpose
is to streamline the manufacture of the drug product and ultimately facilitate
physiological absorption of the drug. Excipients serve various purposes such as
it provides bulk to the formulations, it facilitates drug formation, aid in
handling of API during manufacturing, provide stability and prevent from
denaturation and much other pharmaceutical consideration.
Increasing demand for functional
excipients coupled with growth in the pharmaceutical industry to drive the
pharmaceutical excipients market. The pharmaceutical industry around the world is
rapidly expanding and the demand for the novel drug is on rising, also with
increasing mergers & acquisitions companies around the world expanding
their production capacities which in turn augmenting the high demand for
pharmaceutical excipients. However stringent regulations and lengthy FDA
approvals process are likely to hinder the growth of the pharmaceutical
excipients market. Continuous research and development activities in developing
new excipient functionalities and enhancing existing excipient functionalities
will further help to create future growth opportunities. COVID-19 pandemic has
severely affected the pharmaceutical excipient market. The global pharmaceutical
industry is mainly dependent on raw materials and excipients are one of the
major raw material required to manufacture the final drug. China is the major
excipient provider in the global market, however, a major outbreak situation, the strict lockdown on personal movement and transport has led to a shortage in
excipient production & distribution. Due to the disruption of the supply chain,
many pharmaceutical industries around the word have decreased their production
activities.
Among the geographies, the
pharmaceutical excipients market is segmented into North America, Europe, Asia
Pacific, and RoW. The North America region dominates the global pharmaceutical
excipients market owing to the high demand for new drug formulations, which
results in high demand for excipients in the region. Furthermore, Europe is
expected to hold a significant share in the global pharmaceutical excipients market
due to the extensive R&D in healthcare across the region. The global
pharmaceutical excipients market in the Asia Pacific region is projected to
witness the fastest growth owing to the increasing number of pharmaceutical
product manufacturers across the region. Latin America and Middle East &
Africa is likely to expand at a healthy pace in the coming years owing to the
rising disposable income along with increasing treatment rate is likely to
boost demand for the pharmaceutical excipients market in the region.
The report on the global
pharmaceutical excipients market covers segments such as type and
functionality. On the basis of type, the sub-markets include organic and
inorganic. On the basis of functionality, the sub-markets include binders &
fillers, coating agents, disintegrants, flavoring agents and colorants,
lubricants and glidants, sweeteners, preservatives & antioxidants, and
others.
The report provides profiles of
the companies in the market such as BASF SE, Evonik Industries, Ashland Global
Holdings Inc., Dow Chemical Company, Roquette Frères., Kerry Group PLC,
Associated British Foods plc, lubrizol chemical company, Archer-Daniels-Midland
Co, and Croda Industrial Chemical.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the pharmaceutical excipients market. Moreover, the study highlights
current market trends and provides forecasts from 2020-2026. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.