The global microencapsulation technology market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2022-2028). Microencapsulation is the process of enclosing small particles or droplets of one material within another material. The major factor expected to drive the market growth is the rising demand for microencapsulated products across various industries and the growing awareness regarding benefits of microencapsulation technology. In addition, an increase in demand for fortified food products with health benefits as it provides integration of minerals, vitamins, flavors, essential oils, and other additives in food products to increase the functional properties of products.
The pharmaceutical sector is also greatly influenced by microencapsulation technologies due to the benefits achieved by the manufacturers along with the encapsulation of drugs and ingredients such as proteins, DNA/RNA molecules, and peptides. These are encapsulated in the pharmaceutical sector to meet the market demand for value-added products. Furthermore, the increasing demand for microencapsulated products, significant R&D activities are being carried out by various companies in the market, strong growth in the cosmetic industry, growing demand for microencapsulated fragrances owing to their wide applications across the home care and personal care industries are the some causes that propel the growth of the global microencapsulation technology market during the forecast period.
Additionally, by type segmentation, spray technology show significant growth during the forecast period owing to their process of enclosing small particles or droplets of one substance inside another. The external layer consists of materials such as polymer, liquid, or wax, and the internal layer contains a range of substances including flavors, fragrances, colors, vitamins, pharmaceuticals, and nutraceuticals. Moreover, by region, North America holds potential share in the global microencapsulation technology market owing to the rising demand and awareness about value-added products for various areas such as nutrition, food, healthcare, and personal care. As a result, companies are focusing on manufacturing functional products with novel technologies such as microencapsulation. Some major players in the market include BASF SE, International Flavors and Fragrances Inc., and Syngenta Crop Protection AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– BASF SE, International Flavors and Fragrances Inc., and Syngenta Crop Protection AG, among others.
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Global Microencapsulation Technology Market Report by Segment
By Type
- Spray Technology
- Emulsion Technology
- Dripping
- Others
By Application
- Pharmaceutical & Healthcare Products
- Food & Beverages
- Household & Personal Care Products
- Agrochemicals
- Construction Materials
- Textiles
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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