Global Microencapsulation Market Size, Trends, & Analysis with COVID-19 Impact - Forecasts to 2026 By Technology (Spray Technologies, Emulsion Technologies, Dripping Technologies, Other technologies), By Core Material (Agriculture Inputs, Food Additives, Pharmaceutical & Healthcare Drugs, Phase Change Materials, Fragrances), By Shell Material (Lipids, Gums &Resins, Polymers, Carbohydrates, Proteins), By Application (Construction Materials, Agrochemicals, Household &Personal Care Products, Food & Beverages, Pharmaceutical &Healthcare Products, Textile, Others), By Region (North America, Asia-Pacific, Middle East & Africa, Europe, CSA), End-User Landscape and Company Market Share Analysis & Competitor Analysis
Microencapsulation Market Insights
The microencapsulation market will show rising trends during the forecast period. Microencapsulation is a specific technology that forms a protective layer around solid, liquid, and gaseous materials and stores them in microparticles. Microencapsulation technology is widely used in the food industry, pharmaceutical, agricultural sector, and the medical field. They have growth potential in the drug delivery mechanism and biotherapeutics. In addition to this, the microparticles are profoundly used in the modern coating vertical. The rising applications work as an impetus for the market growth of microencapsulation. The COVID-19 situation brings varied discoveries to the market which places more growth pressure on such unique technologies.
Microencapsulation Market: By Technology
Given by technology, the market is branched into spray technologies, emulsion technologies, dripping technologies, and other technologies. The spray technology will be used extensively and would occupy a major market chunk. Spraying technology is widely preferred in the pharmaceutical and food sectors. It is easily scalable, feasible, and is effective in producing quality powder. Apart from the use in the food industry, it is used in encapsulating the fats, proteins, and flavors.
Microencapsulation Market: By Core Material
Based on the core material, the market is specialized in agriculture inputs, food additives, pharmaceutical & healthcare drugs, phase change materials, and fragrances. The pharmaceutical and healthcare drugs section will lead the market for encapsulation towards a high growth path. The rising potential of the microencapsulation in the drug delivery mechanism is fast changing the pharma sector. The encapsulation also leads to the protection of the drugs from humidity light and heat. All such promising factors expand the segment’s growth. The food additives segment will also register high market growth. Their main function in the food segment is to release food ingredients in the right direction. Such technology is also used to reduce the intensity of volatile, sensitive additives by making it more stable. These features lead to the potential growth of the segment.
Microencapsulation Market: By Shell Material
Based on the shell material, the market is bifurcated into lipids, gums & resins, polymers, carbohydrates, proteins. The natural polymer shell material will grow upwardly in this market. Natural polymers are widely used in the pharmaceutical sector as they are cost-effective, easy to access, non-toxic, and biocompatible.
Microencapsulation Market: By Application
Based on the application, the market is branched into construction materials, agrochemicals, household & personal care products, and food & beverages among others. The pharmaceutical and healthcare products segment will show unprecedented growth due to the promising effective control drug delivery mechanism and also growing research opportunities in the field. The construction materials segment too would register high growth in this market. The microencapsulation works well against the corrosion resistance and improves the features of coatings. They are driving their demand from the coating industry.
Microencapsulation Market: By Region
Based on the region, the market is branched into Asia-Pacific, North America, Europe the Middle East & Africa, and CSA. North America would register a high market growth owing to many factors. Rising research opportunities and the growing pharma industry in the region will lead to large scale market expansion in the region.
Microencapsulation Market Share and Competitive Analysis
The key players involved in developing microencapsulation include Encapsys, LLC. Ronald T. Dodge Company, Capsulae, Aveka, Inc, Taste Tech Ltd, Lyco Red Ltd, Innobio Limited, GAT Microencapsulation GmbH, Reed Pacific Pty Limited, NutraScience Labs, Microtek Laboratories, Quality Ingredients Corp, Balchem Corporation, Coating Place, Inc, Lipo Technologies, Capsulated Systems, Inc, Secondary Solutions, Inc
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2020, a new microencapsulation technique was detailed out by researchers which is useful in the cosmetic industry.
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The Microencapsulation Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Microencapsulation Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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