USD 856.84 million
Tablet Coatings Market Size, Share, and Growth Analysis
Tablet Coatings Market By Polymer Type (Cellulosic Polymers, Vinyl Derivatives), By Functionality (Non-functional non-modifying coatings, Functional modifying coatings), By Equipment Type, By Type, By End User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2260 |
Region:
Global |
Published Date: January, 2025
Pages:
157
|Tables:
65
|Figures:
75
Format -
Tablet Coatings Market Insights
Tablet Coatings Market size was valued at USD 856.84 million in 2023 and is poised to grow from USD 919.39 million in 2024 to USD 1615.46 million by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).
The global tablet coatings market has witnessed significant growth in recent years, driven by the increasing demand for pharmaceutical tablets and advancements in coating technologies. One of the primary drivers of the tablet coatings market is the rising consumption of pharmaceutical drugs worldwide. With the growing prevalence of chronic diseases and an aging population, there is a greater need for effective drug delivery systems. Tablet coatings play a crucial role in enhancing the patient experience by masking the unpleasant taste and odour of drugs, making them easier to swallow. This has led to increased adoption of tablet coatings by pharmaceutical manufacturers, thereby driving market growth. Manufacturers are increasingly focusing on developing innovative coating formulations that provide superior protection, controlled release, and improved bioavailability of drugs. For instance, the development of enteric coatings enables tablets to withstand the acidic environment of the stomach and dissolve in the intestines, ensuring targeted drug delivery. Such advancements have garnered attention from pharmaceutical companies, propelling the demand for tablet coatings. The pharmaceutical industry's growing emphasis on product differentiation and branding has further contributed to the tablet coatings market's growth.
US Tablet Coatings Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Film Coating
Fastest Growth
Film Coating
Growth Rate
7.3% CAGR
Global Tablet Coatings Market ($ Bn)
Country Share for North America Region (%)
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Tablet Coatings Market Segments Analysis
Global Tablet Coatings Market is segmented by Polymer Type, Functionality, Equipment Type, Type, End User and region. Based on Polymer Type, the market is segmented into Cellulosic Polymers, Vinyl Derivatives, Acrylic Polymers and Other Polymers. Based on Functionality, the market is segmented into Non-functional non-modifying coatings, Functional modifying coatings and Functional non-modifying coatings. Based on Equipment Type, the market is segmented into Pan Coaters, Fluid Bed Coaters, Carousel Coaters and Tablet Compression Coaters. Based on Type, the market is segmented into Film-coated tablets, Sugar-coated tablets, Enteric-coated tablets, Gelatin-coated tablets and Other tablet coatings. Based on End User, the market is segmented into Pharmaceutical Industry and Nutraceutical Industry. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Tablet Coatings Market Analysis by Type
Among the different types of tablet coatings, the dominant type in the global market is film coating. Film coating is widely used in the pharmaceutical industry due to its advantages such as ease of application, improved visual appearance, and protection of the tablet from environmental factors. Film coatings provide a smooth, glossy finish to the tablet surface, making it visually appealing and facilitating easy swallowing.
While film coating is the dominant type in the global tablet coatings market, the fastest-growing type is enteric coating. Enteric coating is a specialised coating applied to tablets to protect them from the acidic environment of the stomach and facilitate drug release in the intestines. Enteric coatings are particularly beneficial for medications that may be sensitive to stomach acid or that need to be delivered to specific areas of the gastrointestinal tract.
Tablet Coatings Market Analysis by Application
The pharmaceutical industry holds a significant market share in the tablet coatings market due to the extensive use of coatings in pharmaceutical tablets. Coatings play a crucial role in enhancing the appearance, taste, and stability of pharmaceutical products. They are used to mask the unpleasant taste and odor of active pharmaceutical ingredients, facilitate swallowability, and provide protection against moisture, light, and chemical degradation. The Pharmaceutical Industry's large-scale production of tablets for various therapeutic purposes has established it as the dominant application segment in the tablet coatings market.
On the other hand, the Nutraceutical Industry is experiencing rapid growth in the market. Nutraceuticals are products that combine nutritional and pharmaceutical characteristics, offering health benefits beyond basic nutrition. Tablet coatings are widely used in the production of nutraceutical tablets to enhance their appearance, improve taste, and provide controlled release properties. The increasing consumer awareness regarding preventive healthcare, dietary supplements, and functional foods has driven the demand for nutraceutical products, thereby fueling the growth of tablet coatings in the Nutraceutical Industry.
Global Tablet Coatings Market By Type
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Tablet Coatings Market Regional Insights
North America holds a significant share in the tablet coatings market due to several factors. The region has a well-established pharmaceutical and healthcare infrastructure, along with a strong presence of key pharmaceutical manufacturers. The demand for tablet coatings in North America is driven by factors such as increasing research and development activities, high healthcare expenditure, and the presence of advanced pharmaceutical manufacturing technologies. Additionally, the region has a higher adoption rate of innovative coating technologies and a focus on quality control and regulatory compliance, further contributing to its dominance in the market.
On the other hand, Asia Pacific is experiencing rapid growth in the Tablet Coatings market. Factors such as a large patient population, rising healthcare spending, and increasing pharmaceutical manufacturing activities in countries like China and India are driving the demand for tablet coatings in this region. The growing prevalence of chronic diseases and the need for effective and convenient dosage forms have led to the expansion of pharmaceutical production and formulation activities, consequently boosting the market growth of tablet coatings in Asia Pacific.
Global Tablet Coatings Market By Geography
- Largest
- Fastest
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Tablet Coatings Market Dynamics
Tablet Coatings Market Drivers
Increasing Generic Drug Production
- The rise in the production of generic drugs has led to an increased demand for tablet coatings. Generic drug manufacturers utilize these coatings to create unique appearances and differentiate their products in the market. Tablet coatings play a crucial role in branding and product identification, enabling generic drug manufacturers to establish their offerings and compete effectively.
Tablet Coatings Market Restraints
High Development and Production Costs
- The development and production of tablet coatings entail substantial expenses, including research and development costs, formulation optimization, and investment in manufacturing equipment. These costs can present a barrier, particularly for smaller manufacturers or those operating in price-sensitive markets. The financial burden associated with developing and producing tablet coatings can impact the profitability and competitiveness of companies in the market.
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Tablet Coatings Market Competitive Landscape
The competitive landscape of the tablet coatings market is driven by factors such as product innovation, research and development activities, and customer-centric approaches. Companies focus on developing advanced tablet coating formulations that offer improved functionality, such as enhanced drug release profiles, extended shelf life, and improved patient compliance. Innovations in coating technologies, such as the development of eco-friendly and sustainable coatings, are also gaining prominence in response to growing environmental concerns.
Top Players in Tablet Coatings Market
- Merck KGaA (Germany)
- BPSI Holdings LLC (Colorcon) (United States)
- DuPont (United States)
- JRS Pharma (Germany)
- Kerry Group PLC (Ireland)
- BASF Corporation (Germany)
- Sensient Technologies Corporation (United States)
- Eastman Chemical Company (United States)
- Evonik Industries AG (Germany)
- Roquette Frères (France)
- Wincoat Colours and Coatings Pvt. Ltd (India)
- Corel Pharma Chem (India)
- Glatt GmbH (Germany)
- Yogi Tablet Coating Pvt. Ltd. (India)
- Anshcoat (India)
- Care Pharma Chem (India)
- Ashland Global Holdings Inc. (United States)
- Ideal Cures Pvt. Ltd. (India)
- Shin-Etsu Chemical Co., Ltd. (Japan)
- FMC Corporation (United States)
Tablet Coatings Market Recent Developments
- In March 2023, Colorcon announced the launch of its new Soluplus® Encapsulation Technology. This technology is designed to improve the solubility and bioavailability of poorly water-soluble drugs. [March 2023, Colorcon]
- In February 2023, Sensient Technologies announced the expansion of its tablet coating capabilities in the US. The company is investing $10 million in the expansion, which is expected to be completed by the end of 2023. The expansion will increase the company's tablet coating capacity by 50%. [February 2023, Sensient Technologies]
- In January 2023, Evonik announced the launch of its new Soluplus® Aqua Dispersible Film Coating. This coating is designed to improve the dissolution and absorption of poorly water-soluble drugs. [January 2023, Evonik]
- In December 2022, BASF announced the launch of its new Biopolymer-Based Tablet Coating. This coating is designed to be more environmentally friendly than traditional tablet coatings. [December 2022, BASF]
- In November 2022, Kerry announced the launch of its new Taste-Masking Tablet Coating. This coating is designed to mask the taste of bitter or unpleasant-tasting drugs. [November 2022, Kerry]
Tablet Coatings Key Market Trends
- Growing Demand for Functional and Specialty Coatings: Tablet coatings are not only used for aesthetic purposes but also serve functional and protective roles. Manufacturers are increasingly focusing on developing coatings with specific functionalities, such as extended-release coatings, enteric coatings, taste-masking coatings, and moisture barrier coatings. These coatings enhance the performance and effectiveness of tablets by controlling drug release, protecting sensitive ingredients from degradation, improving patient compliance, and masking unpleasant tastes.
Tablet Coatings Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global tablet coatings market analysis, the major factors driving the growth of the tablet coatings market include increasing pharmaceutical expenditure, growing demand for functional coatings, advancements in coating technologies, and the rise in the number of generic drug manufacturers. The report emphasises the significance of tablet coatings in enhancing drug delivery and patient compliance, which in turn drives their adoption across the pharmaceutical sector. Factors such as strict regulatory guidelines, potential health risks associated with certain coating materials, and the need for continuous innovation in coating technologies pose challenges for market growth.
Competitive landscape analysis forms a crucial part of the report, presenting a comprehensive view of the key players operating in the global tablet coatings market. It emphasises the importance of product innovation, strategic collaborations, and mergers and acquisitions in sustaining a competitive edge in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 856.84 million |
| Market size value in 2032 | USD 1615.46 million |
| Growth Rate | 7.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Tablet Coatings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Tablet Coatings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Tablet Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tablet Coatings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tablet Coatings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Tablet Coatings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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