Tablet Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

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Tablet Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Status : January, 2023 | Pharmaceutical

Report Digest

Tablet Coatings Market: Overview

Coatings of the tablet is a common technique of applying a thin polymer-based film to a pharmaceutical product comprising tablets or granules. The coating serves numerous purposes. Most broadly, coating the exterior of the pharmaceutical tablet controls the release profiles. This may endow certain desirable properties such as improving the stability of the cake profile, preventing drug-induced irritation at the GI site, preventing undesirable chemical reactions, taste masking, and odour masking. Coatings may also improve the taste of the tablet. Vast strides have been made in pharmaceutical technologies as also the art of masking method. Some of the contemporary techniques used in tablet coatings market are magnetically assisted impaction coating, electrostatic dry coating, compression coating, powder coating, supercritical fluid coating, and hot melt coating. The end-objective is developing tablets with desirable functional and visual profiles.

Some of the key product types in the tablet coatings market are sugar coated tablets, film coated tablets, gelatin coated tablets, enteric coated tablets, and compression coating tablets, and electrostatic coatings.

The study on the tablet coatings market strives to offer an incisive assessment of the current and promising avenues, recently undertaken research and development activities by some prominent players, the market prospect of new coating methods.

Tablet Coatings Market: Key Trends

The popularity of tablets in dosage form as a medicine is one the key underpinnings in the advances in the tablet coatings market. This means that a large number of solid  pharmaceutical  dosage  forms need coatings when consumed in oral form. In the backdrop of the continuous strides in the pharmaceutical industry, the market has made advances both in technologies and demand.

Growing investments on biopharmaceuticals by generic medicine makers is a key trend in the tablet coatings market. Growing need for biologics or biosimilar for several drugs that will go off-patent in next few years is the key driver for the expansion of the tablet coatings market. Strides made in sports medicine has created the need for new coating technologies to confer new release properties to the intended consumers.

However, despite the advent and adoption of new coating technologies, the problems in production haven’t reduced significantly. This means that with the growing complexity of APIs and changing quality requirements, there is need for further advancements in coating methods to develop pharmaceuticals without any functional defects. Counterfeit drugs are

Tablet Coatings Market: Competitive Dynamics and Key Developments

Companies are coming out with innovative table coating techniques characterized by modularity and accuracy. A case in point is Supercell Coating Technology by GEA Pharma Systems Ltd. Sometimes, hygroscopic or friable tablets need novel tablet coatings. New techniques have also emerged in solventless coatings, with the objective of removing all visual and functional defects. The functional aspect is crucial keeping in mind the functionality of tablet release for intestines.

Some of the key players in the tablet coatings market are;

  • BASF Group
  • Kerry Group
  • Ashland Global
  • Evonik Industries
  • Colorcon
  • Niro Pharma Systems

Tablet Coatings Market: Regional Assessment

On the regional front, North America and Asia Pacific are remarkable lucrative markets. The growing concern of safety and efficacy of pharmaceuticals is the key factor shaping the demands in these regional markets. However, some economies in the region still need to adopt favorable drug price control policies. This has hindered the prospects. The demand for new drug formulations to serve the needs of new consumer cohort such as sportspersons has expanded the avenues in these regions.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?