Market Summary
Research Methodology on Pharmaceutical Desiccant Market
Abstract
The current study aims to provide a detailed overview of the pharmaceutical desiccant market. By focusing on drivers, challenges, and segmentation, the research provides insights into overall market dynamics as well as market size and estimations from 2023 to 2030. Moreover, the data and information collected using qualitative and quantitative approaches are accurately presented in a market research report.
Introduction
Pharmaceutical desiccants are substances which are capable of absorbing moisture from the atmosphere and are used to extend the shelf life of medicines. These desiccants are packed along with the drugs in order to ensure the stability of drugs and lessen the harmful effects caused due to moisture. The rising use of pharmaceutical desiccants is mainly attributed to their properties such as cost-effectiveness, longer shelf life, and limited amount of packaging space requirement.
Market Dynamics
This research report provides an in-depth analysis of the pharmaceutical desiccant market on the basis of drivers, challenges, and market segmentation. The market is driven by factors such as rising global demand for drug safety compliance, growth in the pharmaceutical industry, and increasing need for accurate and safe products. The pharmaceutical desiccant market shows immense growth potential due to the cost efficiency and reliable performance of desiccants for the protection and preservation of drugs. The market is further driven by growing capital investments and technological advancement in the global pharmaceutical industry.
On the other hand, market growth might be restrained by the presence of competitors and the reluctance of pharmaceutical companies to adopt new products. Key challenges identified in the market include high production costs and limited availability of absorption capability in certain desiccants.
Market Segmentation
The pharmaceutical desiccant market has been segmented on the basis of type, function, application, and region. On the basis of type, the market has been categorized into silica gel desiccants, activated alumina, molecular sieve desiccants, clay desiccants, and others. Among these desiccants, silica gel desiccant appears to be the most favourable type in terms of application and revenue generation. Furthermore, silica gel desiccants are gaining prominence in the market due to their applications for inert packaging of food items, drugs, and others.
On the basis of function, the market is divided into absorbed and adsorbed types of pharmaceutical desiccants. Adsorbed desiccants are mainly gaining popularity because of their ability to adsorb large amounts of water and their ability to reduce the impact of foreign impurities in drugs. The market is further categorized based on applications such as pharmaceuticals, electronics, food and beverages, and others. Pharmaceutical desiccant is primarily employed in the pharmaceutical sector for the preservation and protection of drugs and medical devices.
Regional Analysis
Geographically, the global pharmaceutical desiccant market has been split into five major regions – North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. The North American market appears to be the leading region in terms of both application and revenue. The highest growth rate in the region is mainly associated with the presence of a highly developed pharmaceutical industry in the U.S. and Canada. In addition, the presence of numerous key players and various technological advancements further contribute to the growth of the region.
The rising population in emerging countries, growing drug safety compliance, and rising demand for medical devices are expected to drive the Asia-Pacific market considerably. The presence of a large number of pharmaceutical companies in this region is also one of the key factors driving the growth of the market.
Research Methodology
The data and information gathered for this market research report have been collected using a comprehensive research methodology. To begin with, a detailed market knowledge structure was derived through secondary research. This includes secondary sources such as company websites, government associations, industry reports, and important regulatory texts. These sources were extensively used to identify and collect information such as market trends, potential opportunities, key players in the market, drivers, restraints, and product/service segmentation.
The secondary research was accompanied by primary research. For the primary research, numerous communication and interview sessions were used to gather first-hand information regarding market trends, product/service offerings, key players’ profiles, SWOT analysis, potential customers, opinions of the major stakeholders, and other factors.
The primary and secondary data collected were further analyzed using various data triangulation techniques. The bottom-up approach, top-down approach, factor analysis, time-series analysis, demand-side data analysis, and supply-side data analysis were some of the approaches used for triangulating the data.
Competitive Landscape
The market research report further provides information about the key companies and their strategies operating in the pharmaceutical desiccant market. It includes extensive information about the financials, recent developments, and other strategic initiatives taken by these companies and their performance. Some of the key players operating in the pharmaceutical desiccant market are Siyaram Corporation, Alnor Inc., COS Sachet Technologies Pvt. Ltd., Ecosorb Desiccants, Clay Dry Desiccants, Damco Solutions, Desiccare Inc., Digi-Key Corporation, Amcor Limited, and Desicca Technologies BV.
Conclusion
The pharmaceutical desiccant market is projected to witness substantial growth over the years 2023 to 2030, in terms of value and volume. Factors such as the increasing need for drug safety compliance, rising global demand for longer shelf-life drugs, and technological maturity in the pharmaceutical industry are some of the key drivers contributing to the growth of the market. The rising demand from developing countries due to the presence of a large number of pharmaceutical companies as well as supportive government policies are likely to provide a boost to the market in the upcoming years.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 100.8 Million |
Market Size 2024 | USD 105.6 Million |
Market Size 2032 | USD 153.3 Million |
Compound Annual Growth Rate (CAGR) | 4.77 % (2024-2032) |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2019 & 2021 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, End-use and Region |
Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, and South America |
Countries Covered | The U.S, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Saudi Arabia, UAE, Argentina, |
Key Companies Profiled | E. I. Du Pont De Nemours and Company (US), Filtration Group Corporation (US), Sanner GmbH (Germany), Clariant Global (Switzerland), CSP Technologies Inc (US), Capitol Scientific Inc (US), Desiccare Inc (US), W. R. Grace & Company (US), Desican Inc (Canada), and Oker Chemie GmbH (Germany) |
Key Market Opportunities | · Increasing demand in emerging economies. |
Key Market Drivers | · Growing generic population across the globe. |
Major Players
Pharmaceutical Desiccants Market Segmentation
Pharmaceutical Desiccants Type Outlook (USD Million, 2019-2030)
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
Pharmaceutical Desiccants End-use Industry Outlook (USD Million, 2019-2030)
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
Pharmaceutical Desiccants Regional Outlook (USD Million, 2019-2030)
- North America Outlook (USD Million, 2019-2030)
- North America Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- North America Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- US Outlook (USD Million, 2019-2030)
- US Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- US Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Canada Outlook (USD Million, 2019-2030)
- Canada Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Canada Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Europe Outlook (USD Million, 2019-2030)
- Europe Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Europe Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Germany Outlook (USD Million, 2019-2030)
- Germany Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Germany Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- France Outlook (USD Million, 2019-2030)
- France Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- France Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Russia Outlook (USD Million, 2019-2030)
- Russia Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Russia Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- ITALY Outlook (USD Million, 2019-2030)
- Italy Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Italy Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Europe Pharmaceutical Desiccants by Type
- North America Pharmaceutical Desiccants by Type
- Spain Outlook (USD Million, 2019-2030)
- Spain Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Spain Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- UK Outlook (USD Million, 2019-2030)
- UK Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- UK Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Rest Of Europe Outlook (USD Million, 2019-2030)
- Rest of Europe Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Rest of Europe Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Asia-Pacific Outlook (USD Million, 2019-2030)
- Asia-Pacific Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Asia-Pacific Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- China Outlook (USD Million, 2019-2030)
- China Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- China Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Japan Outlook (USD Million, 2019-2030)
- Japan Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Japan Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- India Outlook (USD Million, 2019-2030)
- India Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- India Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Australia & New Zealand Outlook (USD Million, 2019-2030)
- Australia & New Zealand Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Australia & New Zealand Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- South Korea Outlook (USD Million, 2019-2030)
- South Korea Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- South Korea Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Rest of Asia-Pacific Outlook (USD Million, 2019-2030)
- Rest of Asia-Pacific Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Rest of Asia-Pacific Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Middle East & Africa Outlook (USD Million, 2019-2030)
- Middle East & Africa Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Middle East & Africa Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Middle East & Africa Pharmaceutical Desiccants by Type
- Asia-Pacific Pharmaceutical Desiccants by Type
- Turkey Outlook (USD Million, 2019-2030)
- Turkey Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Turkey Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- South Africa Outlook (USD Million, 2019-2030)
- South Africa Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- South Africa Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- GCC Countries Outlook (USD Million, 2019-2030)
- GCC Countries Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- GCC Countries Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Rest of Middle East & Africa Outlook (USD Million, 2019-2030)
- Rest of Middle East & Africa Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Rest of Middle East & Africa Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Latin America Outlook (USD Million, 2019-2030)
- Latin America Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Latin America Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Brazil Outlook (USD Million, 2019-2030)
- Brazil Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Brazil Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Mexico Outlook (USD Million, 2019-2030)
- Mexico Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Mexico Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Argentina Outlook (USD Million, 2019-2030)
- Argentina Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Argentina Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
- Rest of Latin America Outlook (USD Million, 2019-2030)
- Rest of Latin America Pharmaceutical Desiccants by Type
- Silica Gel
- Activated
- Carbonclay Desiccant
- Molecular Sieves
- Rest of Latin America Pharmaceutical Desiccants by End-use Industry
- Tablets
- API’s
- Capsules
- Nutraceutical Product Packaging
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