Global Tablet Coating Market is expected to grow with an impressive CAGR in the forecast period, 2024-2028. The market is growing on account of the flourishing pharmaceutical industry. The global pharmaceutical industry stood at USD1,423.54 billion in 2021. Moreover, increasing research and development taking place for the better and effective drugs for the diseases, along with the adoption of orphan drugs is supporting the growth of global tablet coating market in the coming years.

Tablet coating is the process of coating a tablet's surface with a substance to give it the required qualities over an uncoated version. It covers a tablet which masks the taste of the drug and make it easier to swallow. Additionally, tablet coating protects the drugs in a way that they get conveniently delivered to the targeted site. Tablet coatings are made up of harmless polymers that are digestible and does not hinder with the treatment of the disease. Furthermore, COVID-19 pandemic boosts the demand for tablet coating materials and rose the focus on technological advancement. Rise in road accidents and sport injuries will also support the growth of market. Also, the rise in cardiovascular surgeries, general surgeries, central nervous system surgeries, orthopedic surgeries, and ophthalmic surgeries is accelerating the demand for sustained & delayed release pain killer tablets and boosting the growth of global tablet coating market. To enhance the processing, appearance, and swallowability of oral medication products with an instant release profile, Evonik introduced EUDRAGIT ready-to-use powder premix.

Over the past ten years, there have been more new medications licensed each year. Between 2010 and 2019 (with a peak of 59 in 2018), the Food and Drug Administration (FDA) approved 38 new medications on average, which is 60% more than it did on an annual average over the preceding ten years. The FDA has approved a large number of specialty medications for the treatment of chronic disorders.

During the forecast period, the growth of the global tablet coating market is expected to be constrained by strict regulations governing the approval of pharmaceuticals and the high cost of the encapsulating procedure.


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Growing Pharmaceutical Industry

The pharmaceutical sector is expanding along with the rise of various diseases. They are increasing their research and development spending in order to manufacture more innovative pharmaceuticals and to compete with other pharmaceutical businesses. The two primary components of pharmaceutical spending are over the counter (OTC) items and prescription medications. In OECD countries, prescription pharmaceuticals accounted for 79% of pharmaceutical spending in 2019, with OTC products making up the remaining 21%. Each year, the American pharmaceutical industry develops a large number of novel drugs with considerable medical benefits. The price of many of those pharmaceuticals increases healthcare costs for both the federal government and the private sector. Approximately one-quarter of pharmaceutical company’s sales, or approximately twice as much as they did in 2000, were spent on R&D in 2019. Over 238 billion dollars were spent on research and development by the pharmaceutical industry globally in 2021.

A significant amount of pharmaceutical companies R&D is being contracted out to clinical research organizations, also known as contract research organizations, with the primary objective of reducing costs. Another significant development is the use of big data in clinical research. Thus, a prediction model that incorporates clinical and molecular data can be developed to provide drugs that are both safer and more effective. Real-time or real-world evidence (RWE) is gaining more and more traction. This involves collaborating with digital companies and using data gathered from many sources, including social media. As a result, the pharmaceutical industry will continue to grow throughout the duration of the projected years, driving growth in the global tablet coating market.

Rise in Chronic Diseases

Growing prevalence of chronic diseases such as cancer, diabetes, gastrointestinal disorders, renal problems, respiratory problems, among others has significantly increased the demand for different types of tablets used for treating and managing them, thereby driving the growth of global tablet coating market in the coming years. Chronic conditions like diabetes, cancer, and heart disease are the primary causes of death and disability in the United States. They are also the key reasons for the nation's 4.1 trillion USD in annual health care expenditures.

Market Segmentation

Global tablet coating market is segmented by polymer, application, functionality, type, end user, and region. Based on polymer, the market is further bifurcated into cellulosic polymer, vinyl polymer, and acrylic polymer. Based on application, the market is divided into Sustained Release, Enteric Release, and Immediate Release. Based on functionality, the market is further segmented into Non-functional non-modifying coatings, Functional modifying coatings, and Functional non-modifying coatings. Based on type, the market is fragmented into Sugar Coated, Film Coated, Enteric Coated, and Gelatin Coated. Based on end user, the market is divided into Pharmaceutical and Nutraceutical.

Market Players

Holding major shares of the global tablet coating market, major competitors are Air Liquide S.A., Sensient Technologies Corporation Ltd., Merck KGaA, Kerry Group PLC, DuPont De Numeours Inc., Aquadry Pharma Pvt. Ltd., BASF SE, Biogrund GmbH, Colorcon Inc., Evonik Industries AG, among others. Market players are focusing on the financial support toward the research and development toward the technical advancements of the tablet coatings thereby supporting the global tablet coating market in the next five years.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Polymer

Application

Functionality

Type

End User

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa

Key Companies Profiled

Air Liquide S.A., Sensient Technologies Corporation Ltd., Merck KGaA, Kerry Group PLC, DuPont De Numeours Inc., Aquadry Pharma Pvt. Ltd., BASF SE, Biogrund GmbH, Colorcon Inc., Evonik Industries AG.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 Report Scope:

In this report, global tablet coating market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Tablet Coating Market, By Polymer:
    • Cellulosic Polymer
    • Vinyl Polymer
    • Acrylic Polymer
  • Tablet Coating Market, By Application:
    • Sustained Release
    • Enteric Release
    • Immediate Release
  • Tablet Coating Market, By Functionality:
    • Non-functional non-modifying coatings
    • Functional modifying coatings
    • Functional non-modifying coatings
  • Tablet Coating Market, By Type:
    • Sugar Coated
    • Film Coated
    • Enteric Coated
    • Gelatin Coated
  • Tablet Coating Market, By End User:
    • Pharmaceutical
    • Nutraceutical
  • Tablet Coating Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global Tablet Coating market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Tablet Coating Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Polymer (Cellulosic Polymer, Vinyl Polymer, Acrylic Polymer)

5.2.2.     By Application (Sustained Release, Enteric Release, Immediate Release)

5.2.3.     By Functionality (Non-functional non-modifying coatings, Functional modifying coatings, Functional non-modifying coatings)

5.2.4.     By Type (Sugar Coated, Film Coated, Enteric Coated, Gelatin Coated)

5.2.5.     By End User (Pharmaceutical, Nutraceutical)

5.2.6.     By Company (2022)

5.2.7.     By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa)

5.3.  Market Map

5.3.1.     By Polymer

5.3.2.     By Application

5.3.3.     By Functionality

5.3.4.     By Type

5.3.5.     By End User

5.3.6.     By Region

6.    North America Tablet Coating Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Polymer

6.2.2.     By Application

6.2.3.     By Functionality

6.2.4.     By Type

6.2.5.     By End User

6.2.6.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Tablet Coating Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Polymer

6.3.1.2.2.             By Application

6.3.1.2.3.             By Functionality

6.3.1.2.4.             By Type

6.3.1.2.5.             By End User

6.3.2.     Canada Tablet Coating Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Polymer

6.3.2.2.2.             By Application

6.3.2.2.3.             By Functionality

6.3.2.2.4.             By Type

6.3.2.2.5.             By End User

6.3.3.     Mexico Tablet Coating Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Polymer

6.3.3.2.2.             By Application

6.3.3.2.3.             By Functionality

6.3.3.2.4.             By Type

6.3.3.2.5.             By End User

7.    Europe Tablet Coating Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Polymer

7.2.2.     By Application

7.2.3.     By Functionality

7.2.4.     By Type

7.2.5.     By End User

7.2.6.     By Country

7.3.  Europe: Country Analysis

7.3.1.     France Tablet Coating Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Polymer

7.3.1.2.2.             By Application

7.3.1.2.3.             By Functionality

7.3.1.2.4.             By Type

7.3.1.2.5.             By End User

7.3.2.     Germany Tablet Coating Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Polymer

7.3.2.2.2.             By Application

7.3.2.2.3.             By Functionality

7.3.2.2.4.             By Type

7.3.2.2.5.             By End User

7.3.3.     United Kingdom Tablet Coating Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Polymer

7.3.3.2.2.             By Application

7.3.3.2.3.             By Functionality

7.3.3.2.4.             By Type

7.3.3.2.5.             By End User

7.3.4.     Italy Tablet Coating Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Polymer

7.3.4.2.2.             By Application

7.3.4.2.3.             By Functionality

7.3.4.2.4.             By Type

7.3.4.2.5.             By End User

7.3.5.     Spain Tablet Coating Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Polymer

7.3.5.2.2.             By Application

7.3.5.2.3.             By Functionality

7.3.5.2.4.             By Type

7.3.5.2.5.             By End User

8.    Asia-Pacific Tablet Coating Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Polymer

8.2.2.     By Application

8.2.3.     By Functionality

8.2.4.     By Type

8.2.5.     By End User

8.2.6.     By Country

8.3  Asia-Pacific: Country Analysis

8.3.1      China Tablet Coating Market Outlook

8.3.1.1  Market Size & Forecast

8.3.1.1.1      By Value

8.3.1.2  Market Share & Forecast

8.3.1.2.1      By Polymer

8.3.1.2.2      By Application

8.3.1.2.3      By Functionality

8.3.1.2.4      By Type

8.3.1.2.5      By End User

8.3.2      India Tablet Coating Market Outlook

8.3.2.1  Market Size & Forecast

8.3.2.1.1      By Value

8.3.2.2  Market Share & Forecast

8.3.2.2.1      By Polymer

8.3.2.2.2      By Application

8.3.2.2.3      By Functionality

8.3.2.2.4      By Type

8.3.2.2.5      By End User

8.3.3      Japan Tablet Coating Market Outlook

8.3.3.1  Market Size & Forecast

8.3.3.1.1      By Value

8.3.3.2  Market Share & Forecast

8.3.3.2.1      By Polymer

8.3.3.2.2      By Application

8.3.3.2.3      By Functionality

8.3.3.2.4      By Type

8.3.3.2.5      By End User

8.3.4      South Korea Tablet Coating Market Outlook

8.3.4.1  Market Size & Forecast

8.3.4.1.1      By Value

8.3.4.2  Market Share & Forecast

8.3.4.2.1      By Polymer

8.3.4.2.2      By Application

8.3.4.2.3      By Functionality

8.3.4.2.4      By Type

8.3.4.2.5      By End User

8.3.5      Australia Tablet Coating Market Outlook

8.3.5.1  Market Size & Forecast

8.3.5.1.1      By Value

8.3.5.2  Market Share & Forecast

8.3.5.2.1      By Polymer

8.3.5.2.2      By Application

8.3.5.2.3      By Functionality

8.3.5.2.4      By Type

8.3.5.2.5      By End User

9.    Middle East and Africa Tablet Coating Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Polymer

9.2.2.     By Application

9.2.3.     By Functionality

9.2.4.     By Type

9.2.5.     By End User

9.2.6.     By Country

9.3.  MEA: Country Analysis

9.3.1.     South Africa Tablet Coating Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Polymer

9.3.1.2.2.             By Application

9.3.1.2.3.             By Functionality

9.3.1.2.4.             By Type

9.3.1.2.5.             By End User

9.3.2.     Saudi Arabia Tablet Coating Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Polymer

9.3.2.2.2.             By Application

9.3.2.2.3.             By Functionality

9.3.2.2.4.             By Type

9.3.2.2.5.             By End User

9.3.3.     UAE Tablet Coating Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Polymer

9.3.3.2.2.             By Application

9.3.3.2.3.             By Functionality

9.3.3.2.4.             By Type

9.3.3.2.5.             By End User

10.  South America Tablet Coating Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Polymer

10.2.2.  By Application

10.2.3.  By Functionality

10.2.4.  By Type

10.2.5.  By End User