The global tablet coatings market size is expected to reach USD 1,401.86 million by 2032, according to a new study by Polaris Market Research. The report "Tablet Coatings Market Share, Size, Trends, Industry Analysis Report, By Polymer (Cellulosic, Vinyl, Acrylic); By Functionality; By Type; By End Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
As more people become health-conscious and seek out products to help them maintain their wellbeing, the demand for dietary supplements is increasing, particularly among the upper- and middle-class population. Tablet coatings are an important aspect of the manufacturing process for many dietary supplements. The great interest in supplements as potential COVID-19 preventatives through maintaining or boosting immune function has substantially driven the surge in global supplement sales. In Poland, the first wave of the pandemic led to an increase in online consumer search trends for supplements, which persisted during the second wave of the pandemic.
The increase in demand for nutraceuticals is driving the need for specialized tablet coatings. As consumers continue to seek out health-related products, the market for tablet coatings is expected to continue to grow, as manufacturers focus on developing new coatings that can meet the unique needs of the nutraceutical industry. Statistics from the Drug Marketing and Manufacturing Association (DMMA) showed high demand for the dietary supplements middle class population, therefore the level of consumption of nutraceuticals is anticipated to increase in the upcoming months.
Hospitalization costs have increased, and the healthcare system is currently overburdened. Because of this, customers are choosing preventive care over expensive treatments, which is causing a dramatic increase in demand for nutraceuticals. According to reports from the United States, the demand for multi-vitamins increased significantly in March 2020, with sales increasing by 51.2% and reaching about 120 million units within that time frame. In March 2020 compared to the same month the previous year, vitamin sales alone surged by 63% in the UK and by between 40-60% in France. This is driving the growth of the market in coming future.
Tablet Coatings Market Report Highlights
Cellulosic segment is anticipated to witness significant growth owing to the combination of biodegradability, cost-effectiveness, high compatibility, versatility, and regulatory compliance
Sustained release is expected to witness higher growth rate due to improved patient compliance, enhanced therapeutic efficacy, reduced side effects,
Film coated segment accounted for the higher growth rate owing to the combination of improved product stability, attractive appearance, and taste-masking.
Pharmaceutical Industry is projected to experience significant growth rate due to the growing demand for coated tablets, increasing investment in R&D and advancements in coating technology.
Asia Pacific is expected to grow at a significant growth rate owing to the growing pharmaceutical industry, increasing population, growing health awareness and investment in R&D.
The global players include: Colorcon, Sensient Technologies Corporation, BASF, Evonik Industries, Ashland Global Holdings, DuPont, Kerry Group, Roquette Freres, Eastman Chemical, Air Liquide, and Merck.
Polaris Market Research has segmented the tablet coatings market report based on polymer, functionality, type, end use, and region:
Tablet Coatings, Polymer Outlook (Revenue - USD Million, 2019 - 2032)
Tablet Coatings, Functionality Outlook (Revenue - USD Million, 2019 - 2032)
- Delayed Release
- Sustained Release
Tablet Coatings, Type Outlook (Revenue - USD Million, 2019 - 2032)
- Sugar Coated
- Film Coated
- Enteric Coated
- Gelatin Coated
Tablet Coatings, End Use Outlook (Revenue - USD Million, 2019 - 2032)
- Pharmaceutical Industry
- Nutraceutical Industry
Tablet Coatings, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Tablet Coatings Market Insights
- 4.1. Tablet Coatings - Industry Snapshot
- 4.2. Tablet Coatings Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing Demand for Oral Solid Dosage Forms
- 4.2.1.2. Rising R&D activities in the pharmaceutical industry
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Tablet Coatings Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Tablet Coatings Market, by Polymer
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 5.3. Cellulosic
- 5.3.1. Global Tablet Coatings Market, by Cellulosic, by Region, 2019-2032 (USD Million)
- 5.4. Vinyl
- 5.4.1. Global Tablet Coatings Market, by Vinyl, by Region, 2019-2032 (USD Million)
- 5.5. Acrylic
- 5.5.1. Global Tablet Coatings Market, by Acrylic, by Region, 2019-2032 (USD Million)
6. Global Tablet Coatings Market, by Functionality
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 6.3. Delayed Release
- 6.3.1. Global Tablet Coatings Market, by Delayed Release, by Region, 2019-2032 (USD Million)
- 6.4. Sustained Release
- 6.4.1. Global Tablet Coatings Market, by Sustained Release, by Region, 2019-2032 (USD Million)
7. Global Tablet Coatings Market, by End User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 7.3. Pharmaceutical Industry
- 7.3.1. Global Tablet Coatings Market, by Pharmaceutical Industry, by Region, 2019-2032 (USD Million)
- 7.4. Nutraceutical Industry
- 7.4.1. Global Tablet Coatings Market, by Nutraceutical Industry, by Region, 2019-2032 (USD Million)
8. Global Tablet Coatings Market, by Type
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 8.3. Sugar Coated
- 8.3.1. Global Tablet Coatings Market, by Sugar Coated, by Region, 2019-2032 (USD Million)
- 8.4. Film Coated
- 8.4.1. Global Tablet Coatings Market, by Film Coated, by Region, 2019-2032 (USD Million)
- 8.5. Enteric Coated
- 8.5.1. Global Tablet Coatings Market, by Enteric Coated, by Region, 2019-2032 (USD Million)
- 8.6. Gelatin Coated
- 8.6.1. Global Tablet Coatings Market, by Gelatin Coated, by Region, 2019-2032 (USD Million)
9. Global Tablet Coatings Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Tablet Coatings Market Assessment, By Geography, 2019-2032 (USD Million)
- 9.3. Tablet Coatings Market - North America
- 9.3.1. North America: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.3.2. North America: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.3.3. North America: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.3.4. North America: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.3.5. Tablet Coatings Market - U.S.
- 9.3.5.1. U.S.: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.3.5.2. U.S.: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.3.5.3. U.S.: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.3.5.4. U.S.: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.3.6. Tablet Coatings Market - Canada
- 9.3.6.1. Canada: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.3.6.2. Canada: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.3.6.3. Canada: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.3.6.4. Canada: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.4. Tablet Coatings Market - Europe
- 9.4.1. Europe: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.4.2. Europe: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.4.3. Europe: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.4.4. Europe: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.4.5. Tablet Coatings Market - UK
- 9.4.5.1. UK: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.4.5.2. UK: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.4.5.3. UK: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.4.5.4. UK: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.4.6. Tablet Coatings Market - France
- 9.4.6.1. France: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.4.6.2. France: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.4.6.3. France: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.4.6.4. France: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.4.7. Tablet Coatings Market - Germany
- 9.4.7.1. Germany: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.4.7.2. Germany: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.4.7.3. Germany: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.4.7.4. Germany: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.4.8. Tablet Coatings Market - Italy
- 9.4.8.1. Italy: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.4.8.2. Italy: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.4.8.3. Italy: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.4.8.4. Italy: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.4.9. Tablet Coatings Market - Spain
- 9.4.9.1. Spain: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.4.9.2. Spain: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.4.9.3. Spain: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.4.9.4. Spain: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.4.10. Tablet Coatings Market - Netherlands
- 9.4.10.1. Netherlands: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.4.10.2. Netherlands: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.4.10.3. Netherlands: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.4.10.4. Netherlands: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.4.11. Tablet Coatings Market - Russia
- 9.4.11.1. Russia: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.4.11.2. Russia.: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.4.11.3. Russia: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.4.11.4. Russia: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.5. Tablet Coatings Market - Asia Pacific
- 9.5.1. Asia Pacific: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.5.2. Asia Pacific: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.5.3. Asia Pacific: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.5.4. Asia Pacific: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.5.5. Tablet Coatings Market - China
- 9.5.5.1. China: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.5.5.2. China.: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.5.5.3. China: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.5.5.4. China: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.5.6. Tablet Coatings Market - India
- 9.5.6.1. India: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.5.6.2. India.: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.5.6.3. India: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.5.6.4. India: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.5.7. Tablet Coatings Market - Japan
- 9.5.7.1. Japan: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.5.7.2. Japan.: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.5.7.3. Japan: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.5.7.4. Japan: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.5.8. Tablet Coatings Market - Malaysia
- 9.5.8.1. Malaysia: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.5.8.2. Malaysia.: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.5.8.3. Malaysia: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.5.8.4. Malaysia: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.5.9. Tablet Coatings Market - Indonesia
- 9.5.9.1. Indonesia: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.5.9.2. Indonesia.: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.5.9.3. Indonesia: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.5.9.4. Indonesia: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.5.10. Tablet Coatings Market - South Korea
- 9.5.10.1. South Korea: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.5.10.2. South Korea.: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.5.10.3. South Korea: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.5.10.4. South Korea: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.6. Tablet Coatings Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.6.2. Middle East & Africa: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.6.3. Middle East & Africa: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.6.4. Middle East & Africa: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.6.5. Tablet Coatings Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.6.5.2. Saudi Arabia: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.6.5.3. Saudi Arabia: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.6.5.4. Saudi Arabia: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.6.6. Tablet Coatings Market - South Africa
- 9.6.6.1. South Africa: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.6.6.2. South Africa: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.6.6.3. South Africa: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.6.6.4. South Africa: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.6.7. Tablet Coatings Market - Israel
- 9.6.7.1. Israel: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.6.7.2. Israel: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.6.7.3. Israel: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.6.7.4. Israel: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.6.8. Tablet Coatings Market - UAE
- 9.6.8.1. UAE: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.6.8.2. UAE: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.6.8.3. UAE: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.6.8.4. UAE: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.7. Tablet Coatings Market - Latin America
- 9.7.1. Latin America: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.7.2. Latin America: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.7.3. Latin America: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.7.4. Latin America: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.7.5. Tablet Coatings Market - Mexico
- 9.7.5.1. Mexico: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.7.5.2. Mexico: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.7.5.3. Mexico: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.7.5.4. Mexico: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.7.6. Tablet Coatings Market - Brazil
- 9.7.6.1. Brazil: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.7.6.2. Brazil: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.7.6.3. Brazil: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.7.6.4. Brazil: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
- 9.7.7. Tablet Coatings Market - Argentina
- 9.7.7.1. Argentina: Tablet Coatings Market, by Polymer, 2019-2032 (USD Million)
- 9.7.7.2. Argentina: Tablet Coatings Market, by Type, 2019-2032 (USD Million)
- 9.7.7.3. Argentina: Tablet Coatings Market, by Functionality, 2019-2032 (USD Million)
- 9.7.7.4. Argentina: Tablet Coatings Market, by End User, 2019-2032 (USD Million)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Colorcon
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Sensient Technologies
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. BASF
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Evonik Industries
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Ashland Global Holdings
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Du Pont
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Kerry Group
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Roquette Freres
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Eastman Chemical
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Air Liquide
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Merck
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development