HPMC Capsules Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (HPMC with Gelling Agent and HPMC without Gelling Agent), By Application (Pharmaceutical, Health Supplements, and Others), and Region Forecast 2020-2031

HPMC Capsules Market size was valued at US$ 391.9 million in 2024 and is expected to reach US$ 721.0 million by 2031, growing at a significant CAGR of 9.1% from 2025-2031. Furthermore, these are also considered to be safe for normal human consumption and is commonly used as an option instead of gelatin because of its vegetarian source and its physical appearance to gelatin. Moreover, this is also used as raw material for coatings with moderate strength, moderate moisture, and oxygen barrier properties, elasticity, transparency, and resistance to oil and fat. This can also be used as a tablet binder and as a tablet matrix for extended release. Additionally, HPMC products are Kosher, Vegetarian-society and Vegan certified. The demand for HPMC capsules for oral consumption has risen considerably due to its universal use without any fillers. For instance, in 2014, around 10%-15% of the USA,s supplements and medications were launched in capsule form, compared to just 5% in 2007.

Over the years gelatin capsules were the preferred choice of capsule shells in the pharmaceutical industry and planned to remain popular, however vegetarian capsules such as Hydroxy Propyl Methyl Cellulose or HPMC capsules have started to infiltrate. Hydroxy propyl methyl cellulose (HPMC) has become a successful alternative material for two-piece capsules and is used for supplements all over the world.  This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, market report includes human demographics regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).