World Microencapsulation Market to Cross USD 9.24 Bn by 2022, Forecasts Meticulous Research in Its New Study Available at MarketPublishers.com
31 Oct 2017 • by Natalie Aster
LONDON – The worldwide microencapsulation market is projected to exceed USD 9.24 billion in value terms by the year 2022, registering remarkable growth at a 10% CAGR through 2022. Some of the major drivers of the market growth comprise hiking demand from the functional food, pharmaceuticals and agrochemicals industries, and also a wide range of lucrative opportunities in the emerging regions like Latin America, Asia and MEA.
However, some factors, for instance, high cost associated with microencapsulation process and elevating demand for nano-encapsulation technology (especially in the pharmaceutical industry), are likely to restrain the microencapsulation market growth in the near future.
Basing on applications, the pharmaceutical segment grabbed the biggest share of the world’s microencapsulation market in the past year, majorly due to the increasing adoption of microencapsulation in this industry for stabilisation of sensitive drug substances, protection of the drug from the environment, prevention of vaporization of different volatile drugs, conversion of liquid drugs in a free-flowing powder, and elimination of incompatibilities.
As for regional markets, North America took lead in the global market for microencapsulation in 2016. However, during 2017-2022 the highest growth rates are expected in the APAC microencapsulation market.
New research publication “Microencapsulation Market- Global Opportunity Analysis And Industry Forecast (2017-2022)” created by Meticulous Market Research covers the actual situation in the global microencapsulation market as well as highlights the current market scenario across the major regions. This report includes reliable statistical data, examines the key market growth restraints and drivers, highlights the competitive environment and offers relevant info on the top companies operating in the microencapsulation marketplace. Moreover, the report offers an insightful overview of the emerging growth opportunities and barriers, canvasses prevailing trends and outlines future growth prospects. In addition, a comprehensive future outlook for the microencapsulation market up to 2022 is given in this publication.
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