Pharmaceutical Desiccants Market, Growth Revenue, Trends, Growth...

Pharmaceutical Desiccants Market, Growth Revenue, Trends, Growth Factors, Region Analysis

Posted 2023-05-04 10:09:06

Market Synopsis

According to the MRFR analysis, the global pharmaceutical desiccants Market was valued at USD 93,167.16 thousand in 2020 and is projected to reach USD 144,840.70 thousand by 2030 at a CAGR of 4.77%.

Pharmaceutical desiccants are broadly classified into these types—silica gel, activated, carbonclay desiccant and molecular sieves. The growth of the global pharmaceutical desiccants market is mainly driven by the growing geriatric population and expanding pharmaceutical and packaging industries. Pharmaceutical desiccants help to protect the product from external impurities, such as bacteria. However, the high production cost and requirement of advanced technology for the manufacturing of desiccants is expected to be the key factor hampering the growth of the global market in the coming years.

Competitive Landscape

The global pharmaceutical desiccants market is highly fragmented and consists of many organized and unorganized industry players. Manufacturers focuses mainly on expansion of production capacities, continuous product launch, and collaborations with key stakeholders to gain a competitive advantage over other players. Key players include DuPont de Nemours, Inc., Filtration Group Corporation, Sanner GmBH, Clariant, CSP Technologies, Inc., Capitol Scientific, Inc., Desiccare, Inc., W. R. Grace Co., Desican Inc., and Oker-Chemie GmbH

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Segmentation

By Type

Silica Gel: Silica gel's high specific surface area allows it to adsorb water which makes it useful as a desiccant. It is usually commercialized as coarse granules or beads contained in a packet. These packs are used in medicines to remove water vapor (absorb moisture) inside the bottle that protects the pills from moisture damage. In addition, these packets are ideal for pharmaceutical, diagnostic, nutraceutical, and medical devices, which are prone to either chemical or physical degradation due to moisture.
Activated: Activated carbon is used to absorb odor, control moisture humidity, and prevent mold, mildew other damage with the help of effective moisture absorbing capacity. The packets containing activated carbon are made with cotton polyester cloth material and Tyvek composite paper. It is used in nutraceutical packaging or pharmaceutical packaging because of its moisture absorbing characteristic.
Carbonclay Desiccant: Carbonclay desiccant is a naturally occurring biodegradable material having adsorption capacity up to 75% of its own weight. Carbonclay is counted in the list of economical and effective desiccant options available for different applications. It is used to control the humidity and moisture and remove or inhibit the mold, mildew, corrosion, and odor. The primary use of the carbonclay is carried out inside the storage and shipping containers, where there are more chances of moisture and humidity effects on the products being stored for a long time.
Molecular Sieves: Molecular sieves are synthetic zeolite materials which have pores of uniform and structure and size. This allows them to preferentially adsorb liquids and gases based on polarity and molecular size. Molecular sieve is a quick-drying agent, with the ability to trap moisture quicker than silica gel. This material is preferred in products that remains stable when temperatures rise and require low humidity.

By End-Use

Tablets: Pharmaceutical tablets are moisture sensitive. The capacity of desiccant tablets depends on the weight and opening size of bottles for moisture absorb. These tablets are ideal for blister packaging, electronic and consumer packaging in pharmaceutical, MVTR testing, put with diagnostics kits, electronics industries, and nutraceuticals.
API’s:The pharmaceutical desi desiccants is expected to boom in the coming years. According to IBEF, India is the third largest manufacturer of pharmaceuticals. As stated by USFDA, China produces approximately fourty percent of the total API’s used globally. According to EFCG, European producers play a vital role in the API's market. Thus, the growing API’s industry which will directly drive the pharmaceutical desiccants market.
Capsules: Desiccant canisters, also called capsules, are small, rigid, cylindrical containers filled with specialized moisture absorbers, such as silica gel and molecular sieve. They also contain activated carbon to control odors. They are used for high-speed insertion into tablet bottles and provide a drop-in style desiccant and sorbent component. Additionally, they help to maintain drug stability as well as prolong the shelf life of the healthcare packaging containers. Canisters offer an added advantage of high-speed insertion ability of standard packaging equipment, while not requiring a cutting process for automatic insertion.
Nutraceutical Product Packaging:The nutraceutical product packaging growth is mainly attributed to the increasing use of desiccants for packaging applications in various products such as dietary, immune booster, nutraceutical tablets (vitamins, calcium, others), and sports supplements. It helps prevent discoloration, odors, and product deterioration occurring due to moisture contamination.

By Region

North America: The growth in the North America pharmaceutical market is mainly attributed due to the strong pharmaceutical manufacturing base in the region, supportive government regulations and high RD expenditure.
Europe: Implementing The growth in this region can be mostly attributed to technological advancements.
Asia-Pacific: the increasing geriatric population acts as a driver for the growth of the pharmaceutical desiccants market in the Asia- Pacific region.
Latin America: The growing demand is due to the rise in industrialization and urbanization in major countries.
Middle East Africa: Increase in government investments is fueling the demand for pharmaceutical desiccants in the region.

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