Global Tablet Coatings Market Insights Forecasts to 2032

• The Global Tablet Coatings Market Size was valued at USD 831.7 Million in 2022.
• The Market is Growing at a CAGR of 5.8% from 2022 to 2032
• The Worldwide Tablet Coatings Market Size is expected to reach USD 1471.2 Million by 2032
• North America is expected to grow the fastest during the forecast period

The Global Tablet Coatings Market Size is expected to reach USD 1471.2 Million by 2032, at a CAGR of 5.8% during the forecast period 2022 to 2032.

Tablet coatings are thin films that are placed on the surface of pharmacological tablets or pills. They improve the tablet's look, flavour, and stability in addition to making swallowing easier and safeguarding the active ingredient(s) inside, among other things. Coatings offer a barrier that protects the tablet from external elements like moisture, light, and air. This safeguard increases the medication's shelf life by preserving the stability and effectiveness of the active ingredients. Smooth-coated tablets are typically simpler to take, especially for people who have trouble swallowing larger or oddly shaped tablets. The tablet may slide down the throat more easily because to the coating's ability to minimise friction.

Impact of COVID 19 On Global Tablet Coatings Market

The tablet coatings business is not an exception to how the COVID-19 pandemic has affected other global sectors. Global supply networks were disrupted by the epidemic, particularly those in the pharmaceutical sector. Tablet coatings production and distribution were delayed as a result of mobility restrictions, lockdown procedures, and limited manufacturing capacity. This caused issues with the supply chain and had an impact on the market's availability of coatings. With an increased emphasis on infectious diseases and public health as a result of the pandemic, healthcare priorities have changed. The demand for pharmaceutical goods, particularly the kinds of tablets being produced, changed as a result of this shift in focus. Demand increased in some therapeutic areas while falling in others. The tablet coatings industry was impacted by this change in demand patterns since producers had to adjust to the new needs. The pandemic boosted pharmaceutical industry research and development efforts, particularly in the creation of COVID-19 vaccines and therapies. It's possible that this increased emphasis on R&D momentarily took resources and attention away from other areas, such tablet coatings. However, there may be a range of long-term effects on R&D expenditures and inventions in the tablet coatings market.

Key Market Drivers

Global population expansion, rising healthcare needs, and improvements in medical technology are all driving the pharmaceutical industry's rise. The need for tablet coatings rises as more drugs are produced, fueling market expansion. Specialised tablet coatings are necessary for medication delivery system innovations such controlled-release formulations and targeted medicines. These coatings improve the efficacy and safety of pharmaceutical goods and enable precise drug release profiles. The need for sophisticated tablet coatings is increasing as more intricate drug delivery methods are created. One of the most well-liked and practical oral solid dose forms is the tablet. Tablets are used widely because of their simple administration, precise dose, and patient compliance. Tablet coatings are essential for enhancing the look, flavour, and swallowability of tablets, which is what drives the market's need for tablet coatings. Tablet coatings, which integrate branding components like logos, colours, and printed information, are used to improve the visual appeal of tablets. Pharmaceutical businesses are increasingly utilising coatings to make their tablets more aesthetically pleasing as they place a greater emphasis on product differentiation and branding. The tablet coatings industry is expanding as a result of this trend.

Key Market Challenges

As tablet coatings are consumed by patients and come into close touch with the medication, it is essential to ensure their safety. Certain coating materials may give rise to worries about possible negative reactions, allergic reactions, or toxicity. The biocompatibility and compatibility of coatings with the active components and patient populations must be ensured by manufacturers through extensive safety analyses. For manufacturers, the price of tablet coatings, which includes the cost of raw ingredients, production processes, and quality control procedures, can be difficult. Coatings can add to the overall cost of making tablets, and finding a balance between performance and cost-effectiveness can be difficult. While making sure that the coatings are of high quality and function, manufacturers must take the cost implications into account. Tablet coatings must work with a variety of drug formulations, including those with varying active components, dose levels, and release characteristics. Modified-release coatings may be necessary for some drug formulations whereas immediate-release coatings may be required for others. Technical difficulties can arise while developing coatings that can accommodate a variety of medication compositions.

Market Segmentation

Polymer Insights

Cellulosic segment is dominating the market with the largest market share

On the basis of polymer, the global tablet coatings market is segmented into cellulosic, vinyl, acrylic. Among these, cellulosic segment is dominating the market with the largest market share over the forecast period. It is anticipated that the cellulosic segment of the tablet coatings market will keep growing as pharmaceutical companies look for environmentally friendly and natural coating options that also satisfy regulatory criteria and provide a variety of functionalities. Cellulosic coatings-related research, innovation, and partnerships are likely to fuel continued expansion in this market. Advancements in cellulose coating technologies have been made possible by ongoing research and development work, providing better performance and functionality. The exact control of drug release profiles, superior film characteristics, and increased stability have been the main goals of advancements in cellulose coatings. The cellulosic component of the tablet coatings market has grown as a result of these technological developments.

Functionality Insights

Sustained release segment holds the highest market share over the forecast period.

Based on the functionality, the global tablet coatings market is segmented into delayed release and sustained release. Among these, sustained release segment holds the highest market share over the forecast period. As pharmaceutical companies and researchers continue to investigate novel coating technologies, create optimised release profiles, and meet the rising demand for long-acting formulations and individualised treatment options, the sustained release segment of the tablet coatings market is anticipated to expand. The demand for sustained-release formulations has been driven by the rising incidence of chronic diseases such as diabetes, cardiovascular disease, and neurological disorders. Sustained release coatings are an appropriate choice to provide continuous medication delivery and optimal therapeutic results because these disorders frequently call for long-term treatment. 

Type Insights

Film coating segment is dominating the market with the largest market share

On the basis of type, the global tablet coatings market is segmented into sugar coated, film coated, enteric coated, gelatin coated. Film coating segment is dominating the market with the largest market share over the forecast period. In the tablet coatings market, the film coatings category has seen tremendous expansion, and it is anticipated that this trend will continue in the future. Film coatings are thin polymer layers that are put to tablets' surfaces to provide a variety of benefits and functionalities.  In the tablet coatings market, the film coatings segment has seen tremendous expansion, and it is anticipated that this trend will continue in the future. Film coatings are thin polymer layers that are put to tablets' surfaces to provide a variety of benefits and functionalities. In making tablets easier to swallow and administer, film coatings help patients comply with treatment regimens. In particular for individuals who have trouble swallowing, as well as for the paediatric and geriatric populations, coated pills often have smoother surfaces, making them simpler to take. Better treatment outcomes may result from the increased patient compliance brought on by tablets with a film coating.

End User Insights

Pharmaceutical industry segment is dominating the market

On the basis of end user, the global tablet coatings market is segmented into pharmaceutical industry and Nutraceutical industry. Among these, pharmaceutical industry segment is dominating the market with the largest market share over the forecast period. The pharmaceutical sector keeps creating new medications to address a range of illnesses. Coated tablets are a desirable dose form for many drugs because they provide benefits such controlled release, flavour muffling, and API protection. Pharmaceutical firms can distinguish their products through branding and personalization by using tablet coatings. On tablets, coatings can be applied to produce distinctive colour schemes, logos, or printed graphics that promote patient loyalty and brand awareness. Pharmaceutical firms can distinguish their products through branding and personalization by using tablet coatings. On tablets, coatings can be applied to produce distinctive colour schemes, logos, or printed graphics that promote patient loyalty and brand awareness.

Regional Insights

Asia Pacific is dominating the market with the largest market share

Asia Pacific is dominating the market with the largest market share over the forecast period. The pharmaceutical sector is big and expanding quickly in the Asia Pacific area. Significant investments in pharmaceutical manufacturing and R&D have been made in nations including China, India, Japan, South Korea, and Australia. The need for tablet coatings has increased as a result of these countries' rising tablet output. The cost of healthcare has increased in the Asia-Pacific area as a result of factors like population growth, urbanisation, and rising disposable incomes. The demand for pharmaceuticals, including coated tablets, is rising as healthcare infrastructure and access to healthcare services both increase.

North America, on the other hand is witnessing the fastest market growth over the forecast period. North America is made up of nations like the United States and Canada, whose pharmaceutical industries are well-established and where there is a significant market for coated tablets. The United States is the world's largest pharmaceutical market, and North America boasts a robust and developed pharmaceutical sector. Numerous pharmaceutical firms, including both significant international businesses and smaller specialised manufacturers, are based in the area. The manufacturing of several medications, including prescription drugs, over-the-counter medicines, and dietary supplements, is what drives the demand for tablet coatings in North America.

Recent Market Developments

• In January 2023, A put agreement was made by Colorcon and Arsenal Capital Partners to purchase Airnov Healthcare, one of their portfolio companies.

List of Key Companies

• Colorcon
• Merck KGaA
• Sensient Technologies Corporation
• BASF SE
• Evonik Industries AG
• Ashland
• DuPont
• Kerry Group plc
• Roquette Frères
• Eastman Chemical Company
• Air Liquide
• Corel Pharma Chem.
• Biogrund GmbH
• Ideal Cures Pvt. Ltd.
• WINCOAT COLOURS AND COATINGS PVT. LTD.
• Spectrum Chemical Manufacturing Corp.
• Coating Place, Inc.
• The Lubrizol Corporation
• Aquadry Pharma
• ARIES EXIM

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Tablet Coatings Market based on the below-mentioned segments:

Tablet Coatings Market, Polymer Analysis

• Cellulosic
• Vinyl
• Acrylic

Tablet Coatings Market, Functionality Analysis

• Delayed release
• Sustained release

Tablet Coatings Market, Type Analysis

• Sugar coated
• Film coated
• Enteric coated
• Gelatin coated

Tablet Coatings Market, End User Insights

• Pharmaceutical industry
• Nutraceutical industry

Tablet Coatings Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa