The Microencapsulation Market size was USD 11.9 billion in 2022 and is expected to Reach USD 25.88 billion by 2030 and grow at a CAGR of 10.2 % over the forecast period of 2023-2030.
Spray drying involves spraying a core material solution or suspension into a hot gas stream, causing the solvent to evaporate and leaving behind a solid core covered with a thin layer of the coating material. The emulsion polymerization method entails blending a liquid emulsion of the core material with a monomer and a polymerization initiator. The monomer subsequently polymerizes, resulting in the formation of a coating surrounding the core substance.
Based on application market is segmented as Pharmaceuticals, Personal care, Industrial, etc. Microencapsulation in pharmaceuticals can protect medicines from degradation, control drug release, and target drugs to specific tissues or cells. Personal care items, such as sunscreens, cosmetics, and hair care products, can benefit from microencapsulation to improve their efficacy and safety. It can also be utilized to add functionality to personal care items, such as fragrance and active ingredient release control. Microencapsulation has a wide range of industrial uses, including the manufacture of paints, coatings, and adhesives. It can also be used to make agricultural items like fertilizers and pesticides.
KEY DRIVERS
Growing demand for fortified foods with health benefits
With the rise in demand for functional-fortified foods and pharmaceuticals, microencapsulation products are becoming more popular. Microencapsulation allows vitamins, essential oils, flavor, minerals, and other additives to be integrated into food products to improve functional characteristics. Active substances such as proteins, biomolecules, and genetic molecules are microencapsulated in the pharmaceutical sector to address market demand for value-added products, in addition to pharmaceuticals.
RESTRAIN
Competition for basic raw material
Microencapsulation is the covering of a core material with a protective shell. Several compounds, such as medications, flavors, colors, or nutrients, can be used as the core ingredient. Polymers, proteins, and lipids are some of the components that can be used to make the shell. The cost of basic raw materials is a significant component of the cost of microencapsulation. If the cost of fundamental raw materials rises, microencapsulation may become more expensive. Furthermore, competition for fundamental raw supplies can result in shortages. When a certain raw resource is in short supply, it can become difficult to get. This can disturb the microencapsulation process and cause manufacturing delays.
OPPORTUNITY
Rising use in various end-user industries
Development of Advanced technologies that may penetrate specific markets
The advancement of improved microencapsulation technologies is expanding the applications of microencapsulated products in specialized markets. New technologies, for example, are being developed to encapsulate active substances for delivery to specific tissues or cells. This opens the door to new applications for microencapsulated medicines in the treatment of cancer and other disorders. Furthermore, new technologies for encapsulating tastes and perfumes for controlled release are being explored. This is expanding the use of microencapsulated goods in the food, beverage, and personal care industries.
CHALLENGES
The stability of the microencapsulation substances under different weather conditions
The stability of the core and shell materials is critical to the success of microencapsulation. The core substance may decay or seep out of the shell if it is not stable. If the shell material is not stable, it can degrade and allow the core material to be exposed. The environment in which microencapsulated items are stored and used varies. The atmosphere, for example, can be humid or dry, hot or cold, acidic or alkaline. Variations in the atmosphere can have an impact on the stability of the core and shell materials. If the core or shell material is unstable in a specific atmosphere, it can decay or leach out of the shell. This may have an impact on the microencapsulated product's quality.
The war between Russia and Ukraine has had a substantial influence on the microencapsulation sector. Several important firms, including 3M, BASF SE, DSM, Evonik, Watson Inc., MicroCaps, and others, have functioning plants in both Russia and Ukraine. The battle has disrupted supply systems, resulting in shortages of raw materials and components. It has also resulted in increasing expenses, as manufacturers pass on growing energy and transportation costs to their customers. As a result, some corporations have delayed or canceled investments in microencapsulation technologies. As a result of these factors, the microencapsulation market is likely to grow more slowly in the short term. However, the market's long-term growth prospects remain promising, as microencapsulation is a versatile technology with numerous applications.
The recession will continue to have an impact on the microencapsulation market. Consumers may not cut on spending but production may delay which could reduce demand for microencapsulated products. During a recession, governments may enact restrictions to stimulate the economy. These laws could have an impact on the microencapsulation market in a variety of ways, such as increasing production costs or making it more difficult to secure permits. Despite potential limitations, the microencapsulation market is likely to increase over time. This is because microencapsulation provides numerous advantages, such as improved product stability, controlled release of active substances, and enhanced sensory qualities.
By Technology
Emulsion
Spray
Dripping
By Coating Material
Carbohydrates
By Application
Household
Agrochemical
Pharmaceutical
Healthcare products
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North America dominated the market and accounted for a 37.5 % share of global revenue in 2022. The region is the largest producer of pharmaceutical products with the presence of major players including Pfizer, Johnson & Johnson, and Merck &Co. and is involved in the development of novel drug delivery systems, which has a major impact on driving demand for microencapsulation.
The growing usage of microencapsulation technology in the food and beverage industries for tastes, perfumes, colorants, and the production of functional foods is driving demand in the country. The key players are actively engaged in R&D to create novel coating materials that are compliant with North American laws, which is expected to supplement the demand for microencapsulation over the projected period.
Europe is an emerging market for microencapsulation, followed by Asia Pacific. This is due to the use of the microencapsulation market in the textile industry in Western Europe. The presence of major microencapsulation players in the region, such as Evonik, Balchem Corporation, and Watson Inc., is also contributing to the growth of the market.
The Asia Pacific market for microencapsulation is expected to grow at a CAGR of 11.4% during the projected period. Favorable government policies to encourage FDI in the pharmaceutical industry in both India and China have played an important role in expanding the Asia Pacific healthcare industry in recent years. Furthermore, increased R&D spending for new medication development and increasing innovation in novel drug delivery technologies in South Korea and Japan are likely to play a key role in promoting pharmaceutical sector growth and thereby fueling the microencapsulation market.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Capsulae, Reed Pacific Pty Ltd, 3M, BASF SE, AVEKA Group, Microtek Laboratories, Inc, GAT Microencapsulation GmbH, Evonik Industries AG, Inno Bio Limited, Ronald T. Dodge Co., Bayer AG, Dow and other key players are mentioned in the final report.
In 2023, Omnitechnik Mikroverkapselung GmbH has been bought by Surtec International GmbH. The acquisition deal also includes the purchase of shares in the shared ventures Precote USA L.L.C. by a subsidiary Surtec Inc. Surtec is managed by Freudenberg Chemical.
In 2022, Reed Pacific introduced Potenza Argan Oil, a new cosmetic usage microcapsule. Even at high concentrations, this oil can be easily added to water-based recipes without harming the end product's stability. Encapsulation significantly improves the shelf life and efficiency of argon oil.
In 2021, Milliken purchased Encapsys, a business specializing in microencapsulation, which is the process of building a shell around a particle.
| Report Attributes | Details |
| Market Size in 2022 | US$ 11.9 Billion |
| Market Size by 2030 | US$ 25.88 Billion |
| CAGR | CAGR of 10.2 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology (Emulsion, Spray, Dripping) • By Coating Material (Carbohydrates) • By Application (Household, Personal care, Agrochemical, Pharmaceutical & Healthcare products) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Capsulae, Reed Pacific Pty Ltd, 3M, BASF SE, AVEKA Group, Microtek Laboratories, Inc, GAT Microencapsulation GmbH, Evonik Industries AG, Inno Bio Limited, Ronald T. Dodge Co., Bayer AG, Dow |
| Key Drivers | • Growing demand for fortified foods with health benefits |
| Market Challenges | • The stability of the microencapsulation substances under different weather conditions |
Ans: Microencapsulation Market size was valued at USD 11.9 billion in 2022
Ans: USD 25.88 billion is expected to grow by 2030.
Ans: Opportunities are rising use in various end-user industries and the development of Advanced technologies that may penetrate specific markets
Ans: Microencapsulation Market is anticipated to expand by 10.2 % from 2023 to 2030.
Ans: The challenge is stability of the microencapsulation substances under different weather conditions
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Microencapsulation Market Segmentation, By Technology
8.1 Emulsion
8.2 Spray
8.3 Dripping
9. Microencapsulation Market Segmentation, By Coating Material
9.1 Carbohydrates
10. Microencapsulation Market Segmentation, By Application
10.1 Household
10.2 Agrochemical
10.3 Pharmaceutical
10.4 Healthcare products
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Microencapsulation Market by Country
11.2.2 North America Microencapsulation Market by Technology
11.2.3 North America Microencapsulation Market by Coating Material
11.2.4 North America Microencapsulation Market by Application
11.2.5 USA
11.2.5.1 USA Microencapsulation Market by Technology
11.2.5.2 USA Microencapsulation Market by Coating Material
11.2.5.3 USA Microencapsulation Market by Application
11.2.6 Canada
11.2.6.1 Canada Microencapsulation Market by Technology
11.2.6.2 Canada Microencapsulation Market by Coating Material
11.2.6.3 Canada Microencapsulation Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Microencapsulation Market by Technology
11.2.7.2 Mexico Microencapsulation Market by Coating Material
11.2.7.3 Mexico Microencapsulation Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Microencapsulation Market by Country
11.3.1.2 Eastern Europe Microencapsulation Market by Technology
11.3.1.3 Eastern Europe Microencapsulation Market by Coating Material
11.3.1.4 Eastern Europe Microencapsulation Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Microencapsulation Market by Technology
11.3.1.5.2 Poland Microencapsulation Market by Coating Material
11.3.1.5.3 Poland Microencapsulation Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Microencapsulation Market by Technology
11.3.1.6.2 Romania Microencapsulation Market by Coating Material
11.3.1.6.4 Romania Microencapsulation Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Microencapsulation Market by Technology
11.3.1.7.2 Turkey Microencapsulation Market by Coating Material
11.3.1.7.3 Turkey Microencapsulation Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Microencapsulation Market by Technology
11.3.1.8.2 Rest of Eastern Europe Microencapsulation Market by Coating Material
11.3.1.8.3 Rest of Eastern Europe Microencapsulation Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Microencapsulation Market by Technology
11.3.2.2 Western Europe Microencapsulation Market by Coating Material
11.3.2.3 Western Europe Microencapsulation Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Microencapsulation Market by Technology
11.3.2.4.2 Germany Microencapsulation Market by Coating Material
11.3.2.4.3 Germany Microencapsulation Market by Application
11.3.2.5 France
11.3.2.5.1 France Microencapsulation Market by Technology
11.3.2.5.2 France Microencapsulation Market by Coating Material
11.3.2.5.3 France Microencapsulation Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Microencapsulation Market by Technology
11.3.2.6.2 UK Microencapsulation Market by Coating Material
11.3.2.6.3 UK Microencapsulation Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Microencapsulation Market by Technology
11.3.2.7.2 Italy Microencapsulation Market by Coating Material
11.3.2.7.3 Italy Microencapsulation Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Microencapsulation Market by Technology
11.3.2.8.2 Spain Microencapsulation Market by Coating Material
11.3.2.8.3 Spain Microencapsulation Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Microencapsulation Market by Technology
11.3.2.9.2 Netherlands Microencapsulation Market by Coating Material
11.3.2.9.3 Netherlands Microencapsulation Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Microencapsulation Market by Technology
11.3.2.10.2 Switzerland Microencapsulation Market by Coating Material
11.3.2.10.3 Switzerland Microencapsulation Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Microencapsulation Market by Technology
11.3.2.11.3 Austria Microencapsulation Market by Coating Material
11.3.2.11.4 Austria Microencapsulation Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Microencapsulation Market by Technology
11.3.2.12.2 Rest of Western Europe Microencapsulation Market by Coating Material
11.3.2.12.3 Rest of Western Europe Microencapsulation Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Microencapsulation Market by Country
11.4.2 Asia-Pacific Microencapsulation Market by Technology
11.4.3 Asia-Pacific Microencapsulation Market by Coating Material
11.4.4 Asia-Pacific Microencapsulation Market by Application
11.4.5 China
11.4.5.1 China Microencapsulation Market by Technology
11.4.5.2 China Microencapsulation Market by Application
11.4.5.3 China Microencapsulation Market by Coating Material
11.4.6 India
11.4.6.1 India Microencapsulation Market by Technology
11.4.6.2 India Microencapsulation Market by Coating Material
11.4.6.3 India Microencapsulation Market by Application
11.4.7 Japan
11.4.7.1 Japan Microencapsulation Market by Technology
11.4.7.2 Japan Microencapsulation Market by Coating Material
11.4.7.3 Japan Microencapsulation Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Microencapsulation Market by Technology
11.4.8.2 South Korea Microencapsulation Market by Coating Material
11.4.8.3 South Korea Microencapsulation Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Microencapsulation Market by Technology
11.4.9.2 Vietnam Microencapsulation Market by Coating Material
11.4.9.3 Vietnam Microencapsulation Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Microencapsulation Market by Technology
11.4.10.2 Singapore Microencapsulation Market by Coating Material
11.4.10.3 Singapore Microencapsulation Market by Application
11.4.11 Australia
11.4.11.1 Australia Microencapsulation Market by Technology
11.4.11.2 Australia Microencapsulation Market by Coating Material
11.4.11.3 Australia Microencapsulation Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Microencapsulation Market by Technology
11.4.12.2 Rest of Asia-Pacific Microencapsulation Market by Coating Material
11.4.12.3 Rest of Asia-Pacific Microencapsulation Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Microencapsulation Market by Country
11.5.1.2 Middle East Microencapsulation Market by Technology
11.5.1.3 Middle East Microencapsulation Market by Coating Material
11.5.1.4 Middle East Microencapsulation Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Microencapsulation Market by Technology
11.5.1.5.2 UAE Microencapsulation Market by Coating Material
11.5.1.5.3 UAE Microencapsulation Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Microencapsulation Market by Technology
11.5.1.6.2 Egypt Microencapsulation Market by Coating Material
11.5.1.6.3 Egypt Microencapsulation Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Microencapsulation Market by Technology
11.5.1.7.2 Saudi Arabia Microencapsulation Market by Coating Material
11.5.1.7.3 Saudi Arabia Microencapsulation Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Microencapsulation Market by Technology
11.5.1.8.2 Qatar Microencapsulation Market by Coating Material
11.5.1.8.3 Qatar Microencapsulation Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Microencapsulation Market by Technology
11.5.1.9.2 Rest of Middle East Microencapsulation Market by Coating Material
11.5.1.9.3 Rest of Middle East Microencapsulation Market by Application
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Microencapsulation Market by Technology
11.5.2.3 Africa Microencapsulation Market by Coating Material
11.5.2.4 Africa Microencapsulation Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Microencapsulation Market by Technology
11.5.2.5.2 Nigeria Microencapsulation Market by Coating Material
11.5.2.5.3 Nigeria Microencapsulation Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Microencapsulation Market by Technology
11.5.2.6.2 South Africa Microencapsulation Market by Coating Material
11.5.2.6.3 South Africa Microencapsulation Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Microencapsulation Market by Technology
11.5.2.7.2 Rest of Africa Microencapsulation Market by Coating Material
11.5.2.7.3 Rest of Africa Microencapsulation Market by Application
11.6 Latin America
11.6.1 Latin America Microencapsulation Market by Country
11.6.2 Latin America Microencapsulation Market by Technology
11.6.3 Latin America Microencapsulation Market by Coating Material
11.6.4 Latin America Microencapsulation Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Microencapsulation Market by Technology
11.6.5.2 Brazil Microencapsulation Market by Coating Material
11.6.5.3 Brazil Microencapsulation Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Microencapsulation Market by Technology
11.6.6.2 Argentina Microencapsulation Market by Coating Material
11.6.6.3 Argentina Microencapsulation Market by Application
11.6.7 Colombia
11.6.7.1 Colombia Microencapsulation Market by Technology
11.6.7.2 Colombia Microencapsulation Market by Coating Material
11.6.7.3 Colombia Microencapsulation Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Microencapsulation Market by Technology
11.6.8.2 Rest of Latin America Microencapsulation Market by Coating Material
11.6.8.3 Rest of Latin America Microencapsulation Market by Application
12. Company profile
12.1 3M
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 BASF SE
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 DOW
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Reed Pacific Pty Ltd
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Capsulae
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 AVEKA Group
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Microtek Laboratories, Inc
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 GAT Microencapsulation GmbH
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Evonik Industries AG
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Inno Bio Limited
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Ronald T. Dodge Co.
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Bayer AG
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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