Fior Markets launched a study titled “Microencapsulation Market by Technology (Spray Technology, Emulsion Technologies, Others), Core Material, Shell Material, Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global microencapsulation market is expected to grow from USD 5.1 Billion in 2017 to USD 14.2 Billion by 2025 at a CAGR of 13.7% during the forecast period from 2018-2025. Growing demand from the agrochemicals sector and increased R&D activities for process efficiency to improve market penetration are the major factors influencing market growth.
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The spray technologies segment is dominating the market with the highest share of 40.10% in 2017
Technology segment is divided into segments such as a spray technologies, emulsion technologies, dripping technologies, and others. The spray technologies segment is dominating the market in 2017. Spray technologies includes high production capacity, high recovery efficiency, the simplicity of the process, cost efficiency, and process safety. Thus, they are widely used in the large scale manufacturing of food and pharmaceutical grade microencapsulation.
The pharmaceutical & healthcare drugs segment valued around USD 1.63Billion in 2017
The core material segment includes agricultural inputs, food additives, pharmaceutical & healthcare drugs, fragrances, phase change materials and others. The pharmaceutical & healthcare drugs segment is dominating the market with the highest share in 2017 as it offers various benefits. Microencapsulation technology is a cost-effective option for increasing the bioavailability of drugs, as compared to other technologies.
The carbohydrates segmentheld the market share of 39.90% in 2017
The shell material segment is classified into polymers, gums & resins, lipids, carbohydrates and proteins. The carbohydrates segment is dominating the market in 2017. It is due to the enhanced abilities to absorb volatilities in the environment. In addition, carbohydrates exhibit low viscosities at high solid contents, which in turn is stirring up their demand as a coating material.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America held the largest market share of approximately42.30% in 2017.TheNorth America region is dominating region due to the growing demand and awareness about value-added products for various areas such as nutrition, food, healthcare, and personal care. Due to this awareness and increased demand, companies are focusing on manufacturing functional products with novel technologies such as microencapsulation.
The major players of market include BASF, Royal FrieslandCampina, Syngenta Crop Protection, Koninklijke DSM,Givaudan, Firmenich, Symrise, International Flavors& Fragrances, Sensient Technologies, Lycored Corp., Balchem Corporation, Encapsys, Arcade Beauty, and Koehler Innovative Solutions.
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