Global Microencapsulation Market, By Application (Pharmaceutical and Healthcare Products, Food and Beverages, Household and Personal Care Products, Agrochemicals, Construction Materials, Textiles, Others), Technology (Spray Technologies, Emulsion Technologies, Dripping Technologies, Other Technologies), Core Material (Agricultural Inputs, Food Additives, Pharmaceutical and Healthcare Drugs, Fragrances, Phase Change Materials, Others), Shell Material (Polymers, Gums and Resins, Lipids, Carbohydrates, Proteins), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Microencapsulation market is expected to reach USD 19.97 billion by 2028 growing at a growth rate of 11.27% in the forecast period 2021 to 2028. Increasing growth among the emerging economies will act as a factor for the microencapsulation market in the forecast period of 2021- 2028.
Surging demand of functional foods, rising applications from the pharmaceutical industry for the development of advanced drugs, growth of agrochemicals sector, rising demand of functional products along with growing number of research activities to increase efficiency in the market are some of the factors that will likely to boost the growth of the microencapsulation market in the forecast period of 2021-2028. On the other hand, introduction of advanced technologies will further boost various opportunities that will lead to the growth of the microencapsulation market in the above mentioned forecast period.
High cost of products along with regulatory hindrances will hamper the growth of the microencapsulation market in the above mentioned forecast period.
This microencapsulation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on microencapsulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Microencapsulation Market Scope and Market Size
Microencapsulation market is segmented on the basis of application, technology, core material and shell material. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the microencapsulation market is segmented into pharmaceutical and healthcare products, food and beverages, household and personal care products, agrochemicals, construction materials, textiles, and others.
- Based on technology, the microencapsulation market is segmented into spray technologies, emulsion technologies, dripping technologies, and other technologies. Spray technologies have been further segmented into spray drying, and spray chilling. Emulsion technologies have been further bifurcated into in situ polymerization, coacervation, and sol-gel encapsulation. Dripping technologies have been further segmented into spinning disk/rotational suspension separation, and centrifugal extrusion.
- Based on the core material, the microencapsulation market is segmented into agricultural inputs, food additives, pharmaceutical and healthcare drugs, fragrances, phase change materials, and others.
- The microencapsulation market is also segmented on the basis of shell material. The shell material is segmented into polymers, gums and resins, lipids, carbohydrates, and proteins. Polymers have been further segmented as polyurea and melamine formaldehyde. Carbohydrates have been further bifurcated as cellulose.
Microencapsulation Market Country Level Analysis
Microencapsulation market is analyses and market size, volume information is provided by country by application, technology, core material and shell material as referenced above.
The countries covered in the microencapsulation market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the microencapsulation market due to the increasing awareness among the people regarding the prevalence of value added products in many areas such as personal care, healthcare, nutrition and foods along with adoption of advanced and novel technologies while Asia-Pacific will expect to grow in the forecast period 2021 to 2028 because of growing medical, pharmaceutical and food processing industry along with adoption of favourable policies of the government.
The country section of the microencapsulation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Microencapsulation Market Share Analysis
Microencapsulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to microencapsulation market.
The major players covered in the microencapsulation report are BASF SE, Syngenta Crop Protection, Inc., DSM, Givaudan, International Flavors & Fragrances Inc., Symrise, Lycored, Koehler Innovative Solutions, Balchem Corporation, Encapsys, LLC., AVEKA, Inc., Reed Pacific, Microtek Laboratories, Inc., TasteTech, RONALD T. DODGE COMPANY, Evonik Industries AG, Bayer AG, 3M, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.