Microencapsulation is an effective process for the protection of the encapsulated active agent in order to preserve the original taste, odor, color, and other biological and chemical characteristics. Through microencapsulation, companies provide a coating for various pharmaceutical and food products which are vulnerable to degrade with environmental conditions. Microencapsulation process is widely used in various industries which include pharmaceutical, agrochemical, and food industries. The global microencapsulation market is expected to show optimistic growth during the forecast period. Increasing investment in R&D for improving the efficiency of the technology is one of the major factors for market expansion.
The global microencapsulation market is segmented on the basis of technology and application. On the basis technology, the market is bifurcated into microencapsulation spray technology and microencapsulation emulsion technology. Spray technology is the most widely adopted technology owing to benefits offered by this technology such as high recovery efficiency, high production capacity, cost efficiency, and process safety. Further, on the basis of application, the market is segmented into pharmaceutical, food and beverages, construction, textiles, and others. Pharmaceutical sector held a substantial market share in the global microencapsulation market. Microencapsulation is extensively used in pharmaceutical for controlled drug delivery. Microencapsulation technology is widely adopted by pharmaceutical companies for masking the bitter taste or smell in drugs.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world. North America held the major market share in the global microencapsulation market in 2018. The factors contributing to the growth of the region include high penetration of the microencapsulation technique in the healthcare industry. The region has well-developed healthcare infrastructure which further gives a boost to the regional growth of the market. Further, the presence of a high number of market players in the region also contributes to the growth of the market.
Further, the market includes several players operating in the market. Some of the players profiled in the report include BASF SE, Givaudan, Balchem Corp., Syngenta AG, Koninklijke DSM N.V., 3M Co., Evonik Industries AG, Symrise AG, Microtek Laboratories, Inc., Lipo Technologies, Inc., and Ronald T. Dodge Co. The market players are adopting organic as well as inorganic strategies such as mergers and acquisitions, product launch, geographical expansion, and others for staying competitive in the global market. For instance, in January 2019, BASF SE launched MasterSeal 940DR and MasterSeal 941DR respirable crystalline silica-free aggregates for deck coatings. This launch is expected to give an edge to the BASF SE over the competitors.
Research Methodology:
The market study of the global microencapsulation market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog.
The report is intended for the pharmaceutical and healthcare industry, food and beverages industry, healthcare service providers, research institutes, investment companies, and government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global Microencapsulation Market Research and Analysis by Technology
- Global Microencapsulation Market Research and Analysis by Application
The Report Covers:
- Comprehensive research methodology of the global microencapsulation market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global microencapsulation market.
- Insights about market determinants which are stimulating the global microencapsulation market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
