Tablet Coating Market Analysis

Tablet Coating Market Analysis

Based on polymer type, the global tablet coating market is subdivided into cellulosic polymers, vinyl polymers, acrylic polymers, and other polymers. The cellulosic segment accounted for the largest market share in 2022. The increased adoption of these polymers is attributed to their capacity to produce coatings with acceptable qualities such as good film strength, aqueous solubility, compressibility, decreased susceptibility to wet granulation, flowability, and improved tableting at a low cost. Factors including global regulatory acceptance and easy availability from manufacturers are also driving the adoption of these polymers for coating applications.
 

Based on type, the global industry is classified into film coated, sugar coated, enteric coated, gelatin coated, and other coating types. The film coated segment held the highest market share in 2022. The rising incidences of diseases such as diabetes, asthma, and acidity have led to increased demand and production of film-coated tablets for disease treatment. The expansion of the film-coated tablet segment is attributable to the increased use of these tablets as health supplements, such as vitamin compounds.
 

Based on functionality, the global tablet coating market is subdivided into non-functional non-modifying coating, functional modifying coating, and functional non-modifying coating. The non-functional non-modifying coating comprised of largest market share in 2022. The largest share of this segment attributed to the factors such as increasing use of these coatings for the production of immediate release drugs. High demand for novel drug delivery formulations and dietary supplements using immediate release coatings is expected to drive the growth of this market.
 

Based on end-user, the global tablet coating market is classified into pharmaceutical companies and nutraceutical companies. In 2022, the pharmaceutical companies segment accounted for highest revenue share in this market. The increasing prevalence of chronic diseases for which the primary treatment options are tablet-based formulations increases the demand for tablet coating. Increasing research and development activities for developing novel drug delivery formulations will support the growth of global tablet coating business.
 

Based on region, global industry is subdivided into North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa. In 2022, the Europe held the highest revenue in global tablet coating market. Due to the presence of a number of pharmaceuticals with large scale production capacities the demand for tablet coating rises. The growing focus on superior pharmaceutical products, generics and biosimilars and the increased demand for novel drugs drives the growth of this market. In addition to these factors, the growing geriatric population and prevalence of chronic diseases are expected to boost the growth of this market.