Global Microencapsulation Market Set for Rapid Growth, To Reach Around USD 9.25 Billion by 2020
Global microencapsulation market was valued at USD 5.22 billion in 2014, and is expected to reach USD 9.25 billion in 2020, growing at a CAGR of above 9.5% between 2015 and 2020.
Zion Research has published a new report titled “Microencapsulation Market for Pharmaceuticals, Household Products, Agrochemicals, Food Additives and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”. According to the report, global demand for microencapsulation was valued at USD 5.22 billion in 2014, and is expected to reach USD 9.25 billion in 2020, growing at a CAGR of above 9.5% between 2015 and 2020.
Microencapsulation is a technology used to encapsulate active ingredients like medicine, agrochemicals, pigments, etc. in the protecting coverings known as shells. Advanced microencapsulation technology is mainly used to release the active ingredients along with the protection of the active ingredients from the external surroundings. Mainly, this technology approaches in the fields of agrochemicals, pharmaceuticals, industrial chemicals, detergents, and others.
Browse the full "Microencapsulation Market for Pharmaceuticals, Household Products, Agrochemicals, Food Additives and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at www.marketresearchstore.com/report/microencapsulation-market-z47759
The microencapsulation market is primarily driven by rapidly expanding pharmaceutical industry across the globe. The microencapsulation technology is highly adopted by the pharmaceutical industries and this is expected to boost the growth of microencapsulation market. In addition, growing usage of additives in food & beverage industries is also projected to accelerate the growth of the microencapsulation market. However, volatile raw material price is expected to be a major restraint of the market.
The microencapsulation market is segmented on the basis of applications such as agrochemicals, pharmaceuticals, food additives, household products and others. In 2014, the pharmaceutical was one of the leading application segments and accounted for over 60% of the share in the microencapsulation market. And it is further expected to continue this trend owing to increasing pharmaceutical application in emerging countries.
North America dominated the microencapsulation market and accounted for the over 30% share of the global market in 2014. North America followed by Europe and Asia Pacific region. In terms of revenue, Europe was the second largest market for microencapsulation owing to huge penetration of microencapsulation technology in food & beverage industry. Moreover, Asia Pacific is likely to be a promising region due to emerging countries like China and India over the forecast period.
Some of the key player of global microencapsulation market includes Nestle, Bayer CropScience, BASF, P&G, and 3M, Lipo Technologies, Aveka Inc, Microtek Laboratories, Reed Pacific, Encapsys and GAT Microencapsulation GmbH.
To Get Sample Report or Access Report with Complete TOC at
The report segments the global microencapsulation market as:
Microencapsulation Market: Application Segment Analysis
- Household products
- Additives in Food and Beverage
- Others (Specialty and commodity chemicals for industrial markets, etc)
Microencapsulation Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
Toll Free: +1-855-465-4651 FREE (USA-CANADA)
Tel: +1-386-310-3803 FREE