Market Insights:
Microencapsulation Market size was valued at USD 11 Billion in 2021, registering a CAGR of 10% during the forecast period (2022-2030), and the market is projected to be worth USD 25.94 Billion by 2030.
For regulated medication delivery, microencapsulation is widely employed in the healthcare and pharmaceutical industries. Pharmaceutical businesses frequently employ microencapsulation technology to manage medication distribution, enable targeted administration, and hide the unpleasant taste or odour of pharmaceuticals. Due to features like tailored action, the need for microencapsulated biomolecules is rising in the pharmaceutical business. When a result, it is anticipated that the need for microencapsulation will increase as medications based on these biomolecules are developed, allowing for the effective and precise delivery of the active components.
Microencapsulation Market Research Report” was just released by Market Research Community. It is divided into several categories, including Technology (Spray technology, Dripping technology, Emulsion technology, Other technologies (coating, physicochemical, and chemical technologies), application (Pharmaceutical & healthcare products, Food & beverages, Household & personal care products, Agrochemicals, Construction material, Textiles, Other applications (construction chemicals, inks, energy molecules)), Core material (Agricultural inputs, Food additives, Pharmaceutical & healthcare drugs, Fragrances, Phase change material, Other core material (defence, and paper & printing)) Shell material (Polymers, Gums & Resins, Lipids, Carbohydrates) and companies (Reed Pacific Pty Ltd.; Microtek Laboratories, Inc.; TasteTech Ltd.; GAT Microencapsulation GmbH; Ronald T. Dodge Co.; Evonik Industries AG; Inno Bio Limited; Bayer AG; Dow Corning Corporation; The 3M Company, Capsulae; LycoRed Group; BASF SE; Balchem; Encapsys LLC (Milliken); AVEKA Group), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10%, over the forecast period of 2022–2030
Driver:
The increased adoption of Microencapsulation in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Microencapsulation also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Microencapsulation in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 25.94 Billion |
| CAGR (2022-2030) | 10% |
| By Technology | Spray technology, Dripping technology, Emulsion technology, Other technologies |
| By Application | Pharmaceutical & healthcare products, Food & beverages, Household & personal care products, Agrochemicals, Construction material, Textiles, Other applications |
| By Shell material | Polymers, Gums & Resins, Lipids, Carbohydrates |
| By core material | Defence, and paper & printing |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Reed Pacific Pty Ltd.; Microtek Laboratories, Inc.; TasteTech Ltd.; GAT Microencapsulation GmbH; Ronald T. Dodge Co.; Evonik Industries AG; Inno Bio Limited; Bayer AG; Dow Corning Corporation; The 3M Company, Capsulae; LycoRed Group; BASF SE; Balchem; Encapsys LLC (Milliken); AVEKA Group |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Microencapsulation market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Reed Pacific Pty Ltd.; Microtek Laboratories, Inc.; TasteTech Ltd.; GAT Microencapsulation GmbH; Ronald T. Dodge Co.; Evonik Industries AG; Inno Bio Limited; Bayer AG; Dow Corning Corporation; The 3M Company, Capsulae; LycoRed Group; BASF SE; Balchem; Encapsys LLC (Milliken); AVEKA Group
Market Segment Analysis:
By Application:
- Pharmaceutical & healthcare products
- Food & beverages
- Household & personal care products
- Agrochemicals
- Construction material
- Textiles
- Other applications (construction chemicals, inks, energy molecules)
By Core material:
- Agricultural inputs
- Food additives
- Pharmaceutical & healthcare drugs
- Fragrances
- Phase change material
- Other core material (defence, and paper & printing)
By Shell material:
- Polymers
- Gums & Resins
- Lipids
- Carbohydrates
- Proteins
By Technology:
- Spray technology
- Dripping technology
- Emulsion technology
- Other technologies (coating, physicochemical, and chemical technologies.)
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Microencapsulation industries in the region.
Key Microencapsulation Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Microencapsulation Market segments.
– Largest Market Share Held by Industry to Industry for Microencapsulation
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Microencapsulation Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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