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Published Date: 2014-08-18Number of Pages: 82

Microencapsulation Market for Pharmaceuticals, Household Products, Agrochemicals, Food Additives and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020


Microencapsulation is a technology that allows controlled release of active ingredients by enclosing them in a protective shell. The nature and type of active ingredients varies with the type of application and end-user industry. Products such as fragrances, fertilizers, chemicals and others are typically microencapsulated in polymeric shells. Other products such as nutrients, food additives, drugs and food enzymes are microencapsulated in biocompatible shells. Materials required for the manufacture of shells include acacia gum, xanthan gum, alginates, chitosans, carrageenan and others. Microencapsulation of these active ingredients improves their properties such as slow release of fragrance, target drug delivery, etc. Additionally, this technology helps reduce the volume requirement of raw materials, thereby benefiting manufacturers. Technological innovations coupled with development of raw materials are key factors expected to open new avenues for the growth of the market over the next few years.

Key applications of microencapsulation can be segmented as pharmaceuticals, agrochemicals, household products, food additives and others. Pharmaceuticals was the largest application segment and accounted for over 65% of the total microencapsulation market in 2013. Usage of microencapsulation in pharmaceuticals helps achieve targeted drug delivery, masks chemical odors and enables sustained release of drugs for a long duration. This increases the bioavailability of drug molecules. Growth of the pharmaceuticals industry is expected to drive demand for microencapsulation. Furthermore, increasing demand for functional foods and household products is expected to boost the microencapsulation market during the forecast period. Microencapsulation of active ingredients such as antimicrobial agents, optical brighteners, fragrances and others in detergents and cleaning agents enhances product quality. Additionally, microencapsulated nutrients, dietary supplements, probiotics, preservatives and food enzymes enhance taste, texture, nutrient content and shelf life of food products. The growing purchasing power of people is anticipated to drive the demand for high performance detergents and fortified food products, which in turn, is expected to drive the demand for microencapsulation during the forecast period. However, the capital-intensive nature of research required to choose and develop the best-suited shell materials is expected to limit market growth during the forecast period. Increasing application scope of microencapsulation in paints & coatings in order to enhance their functionality is projected to offer opportunities for market players during the forecast period.

Together, North America and Europe accounted for more than 70% of the global microencapsulation market in 2013. The progressive and advanced healthcare industry in these regions has been responsible for the large-scale usage of microencapsulation technology in the field of pharmaceuticals. Additionally, microencapsulation technology is employed in biotechnological research for the treatment of genetic disorders through targeted DNA delivery. Furthermore, widespread consumer acceptance of household products and functional food additives in North America and Europe was reflected in the high geographic share of microencapsulation technology in the regions in 2013. However, Asia Pacific and Rest of the World are expected to experience an increase in the usage of microencapsulated products during the forecast period due to rising consumer awareness regarding the numerous benefits of this technology. Additionally, this increase in the usage of microencapsulated products can be ascribed to growing awareness about health & well-being among individuals coupled with rising purchasing power and changing retail and dietary preferences. Rapid growth of various manufacturing industries including pharmaceutical, surfactant and food, is expected to further fuel the demand for microencapsulation in these regions over the forecast period.

Key players in the microencapsulation market include Lipo Technologies, Encapsys, Microtek Laboratories, GAT Microencapsulation GmbH, Reed Pacific and Aveka Inc. These companies provide customized microencapsulation solutions to clients across various application industries. These companies microencapsulate a wide range of active ingredients within shells in order to enhance their functionality and provide optimum benefits to clients. Leading companies such as P&G, 3M, BASF, Nestle and Bayer CropScience employ this technology in order to microencapsulate active ingredients such as fragrances, adhesives, vitamins, food additives and agrochemicals, respectively.

global-microencapsulation-market


Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
      1.2.1 Global microencapsulation market segmentation
1.3 Research methodology
1.4 Research scope and assumptions

Chapter 2 Executive Summary
2.1 Global microencapsulation market, 2013 – 2020 (USD Million)
2.2 Global microencapsulation: Market snapshot (2013 and 2020)

Chapter 3 Microencapsulation – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Rising trend of functional foods expected to augment demand for microencapsulation
               3.3.1.1 Global food additive market revenues, 2012 - 2020 (USD Million)
      3.3.2 Rising acceptance of specialty detergents & cleaning agents anticipated to boost demand for microencapsulated household detergents
               3.3.2.1 Global household detergents market, 2012 - 2020 (Million Tons)
      3.3.3 Growth of pharmaceutical industry expected to fuel the demand for microencapsulation
               3.3.3.1 Global pharmaceutical market, 2013 - 2020 (USD Billion)
3.4 Market restraints
      3.4.1 Requirement of extensive research to choose appropriate technology and core materials
3.5 Market opportunities
      3.5.1 Paints & coatings industry to open new avenues for growth of microencapsulation market
3.6 Porter’s five forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat of substitutes
      3.6.5 Degree of competition
3.7 Microencapsulation: Market attractiveness analysis

Chapter 4 Microencapsulation Market – Application Analysis
4.1 Global microencapsulation market: Application analysis
      4.1.1 Global microencapsulation market volume share, by application, 2013 and 2020
      4.1.2 Pharmaceuticals
               4.1.2.1 Global microencapsulation market for pharmaceuticals, 2013 – 2020 (USD Million)
      4.1.3 Household products
               4.1.3.1 Global microencapsulation market for household products, 2013 – 2020 (USD Million)
      4.1.4 Agrochemicals
               4.1.4.1 Global microencapsulation market for agrochemicals, 2013 – 2020 (USD Million)
      4.1.5 Food additives
               4.1.5.1 Global microencapsulation market for food additives, 2013 – 2020 (USD Million)
      4.1.6 Others
               4.1.6.1 Global microencapsulation market for other applications, 2013 – 2020 (USD Million)

Chapter 5 Microencapsulation Market – Regional Analysis
5.1 Global microencapsulation market: Regional analysis
      5.1.1 Global microencapsulation market revenue share, by region, 2013 and 2020
5.2 North America
      5.2.1 North America microencapsulation market, by application, 2013 – 2020 (USD Million)
5.3 Europe
      5.3.1 Europe microencapsulation market, by application, 2013 – 2020 (USD Million)
5.4 Asia Pacific
      5.4.1 Asia Pacific microencapsulation market, by application, 2013 – 2020 (USD Million)
5.5 Rest of the world (RoW)
      5.5.1 RoW microencapsulation market, by application, 2013 – 2020 (USD Million)

Chapter 6 Company Profiles
6.1 BASF S.E.
      6.1.1 Company overview
      6.1.2 Product portfolio
      6.1.3 Financial overview
      6.1.4 Business strategy
      6.1.5 SWOT analysis
      6.1.6 Recent developments
6.2 Lipo Technologies
      6.2.1 Company overview
      6.2.2 Product portfolio
      6.2.3 Business strategy
      6.2.4 SWOT analysis
      6.2.5 Recent developments
6.3 Dow Corning Corporation
      6.3.1 Company overview
      6.3.2 Product portfolio
      6.3.3 Financial overview
      6.3.4 Business strategy
      6.3.5 SWOT analysis
6.4 Ronald T. Dodge Company
      6.4.1 Company overview
      6.4.2 Product portfolio
      6.4.3 Business strategy
      6.4.4 SWOT analysis
6.5 Encapsys
      6.5.1 Company overview
      6.5.2 Product portfolio
      6.5.3 Financial overview
      6.5.4 Business strategy
      6.5.5 SWOT analysis
      6.5.6 Recent development
6.6 Balchem Corporation
      6.6.1 Company overview
      6.6.2 Product portfolio
      6.6.3 Financial overview
      6.6.4 Business strategy
      6.6.5 SWOT analysis
      6.6.6 Recent developments
6.7 Aveka, Inc.
      6.7.1 Company overview
      6.7.2 Product portfolio
      6.7.3 Business strategy
      6.7.4 SWOT analysis
6.8 Capsulae
      6.8.1 Company overview
      6.8.2 Product portfolio
      6.8.3 Business strategy
      6.8.4 SWOT analysis
      6.8.5 Recent developments
6.9 Reed Pacific
      6.9.1 Company overview
      6.9.2 Product portfolios
      6.9.3 Business strategy
      6.9.4 SWOT analysis
      6.9.5 Recent developments
6.10 Microtek Laboratories, Inc.
      6.10.1 Company overview
      6.10.2 Product portfolio
      6.10.3 Business strategy
      6.10.4 SWOT analysis
6.11 Bayer AG
      6.11.1 Company overview
      6.11.2 Product portfolio
      6.11.3 Financial overview
      6.11.4 Business strategy
      6.11.5 SWOT analysis
      6.11.6 Recent developments
6.12 Taste Tech Ltd.
      6.12.1 Company overview
      6.12.2 Product portfolio
      6.12.3 Business strategy
      6.12.4 SWOT analysis
6.13 3M
      6.13.1 Company overview
      6.13.2 Product portfolio
      6.13.3 Financial overview
      6.13.4 Business strategy
      6.13.5 SWOT analysis
6.14 Evonik Industries AG
      6.14.1 Company overview
      6.14.2 Product portfolio
      6.14.3 Financial overview
      6.14.4 Business strategy
      6.14.5 SWOT analysis
      6.14.6 Recent developments
6.15 GAT Microencapsulation GmbH
      6.15.1 Company overview
      6.15.2 Product portfolio
      6.15.3 Business strategy
      6.15.4 SWOT analysis
      6.15.5 Recent developments

List of Figures 

FIG. 1 Global microencapsulation market segmentation
FIG. 2 Global microencapsulation market, 2013 – 2020 (USD Million)
FIG. 3 Microencapsulation: Value chain analysis
FIG. 4 Global food additive market revenues, 2012 - 2020 (USD Million)
FIG. 5 Global household detergents market, 2012 - 2020 (Million Tons)
FIG. 6 Global pharmaceutical market, 2013 - 2020 (USD Billion)
FIG. 7 Porter’s five forces analysis for microencapsulation market
FIG. 8 Microencapsulation: Market attractiveness analysis
FIG. 9 Global microencapsulation market volume share, by application, 2013 and 2020
FIG. 10 Global microencapsulation market for pharmaceuticals, 2013 - 2020 (USD Million)
FIG. 11 Global microencapsulation market for household products,  2013 - 2020 (USD Million)
FIG. 12 Global microencapsulation market for agrochemicals, 2013 - 2020 (USD Million)
FIG. 13 Global microencapsulation market for food additive, 2013 - 2020 (USD Million)
FIG. 14 Global microencapsulation market for other applications, 2013 - 2020 (USD Million)
FIG. 15 Global microencapsulation market revenue share, by region, 2013 and 2020

List of Tables 

TABLE 1 Microencapsulation: Global snapshot
TABLE 2 Drivers for microencapsulation market: Impact analysis
TABLE 3 Restraints for microencapsulation market: Impact analysis
TABLE 4 Major microencapsulation methods and applications
TABLE 5 North America microencapsulation market, by application, 2013 – 2020 (USD Million)
TABLE 6 Europe microencapsulation market, by application, 2013 – 2020 (USD Million)
TABLE 7 Asia Pacific microencapsulation market, by application, 2013 – 2020 (USD Million)
TABLE 8 RoW microencapsulation market, by application, 2013- 2020 (USD Million)


Microencapsulation is the process of enclosing active ingredients such as drugs, pigments, agrochemicals and others inside protective coverings called shells. These shells allow controlled and sustained release of active ingredients. Microencapsulation technology has several advantages, prominent among them being targeted delivery of active ingredients, and sustained release and protection of active ingredients from the external environment. This technology is used in pharmaceuticals, agrochemicals, detergents, functional foods and industrial chemicals, among others. Leading companies such as Nestle, Procter & Gamble Co. (P&G) and others employ the microencaspualtion technology in order to reduce the quantity of raw materials required in the manufacture of final products. This helps these companies lower the cost of manufacturing.

This report provides a detailed analysis of the microencapsualtion market in terms of revenue (USD million) for the forecast period from 2014 to 2020. The report highlights the factors contributing to the growth of the market and restraints that the market is expected to face within the forecast period. Detailed forecast has been provided for the microencapsualtion market from 2014 to 2020 for better understanding of the individual market scenario. The microencaspualtion market is described with respect to its various segments along with opportunities that are likely to arise over the next six years.

We have included a detailed application and region wise analysis along with the value chain in order to provide a holistic view of the microencapsualtion market. Analysis of Porter’s five forces model has also been included to help understand the competitive intensity in the market. The study comprises market attractiveness analysis, wherein the applications are benchmarked based on their market size, growth rate and general attractiveness.

The study provides a conclusive view of the microencapsualtion market by segmenting the market based on its applications. All the applications have been analyzed based on present and future trends, and the market has been estimated from 2014 to 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of World (RoW).

For geographic analysis, the regional market has been segmented into North America, Asia Pacific, Europe and Rest of the World. The market has been segmented on the basis of types of applications such as pharmaceuticals, household products, agrochemicals, food additives and others (specialty and commodity chemicals for industrial markets, etc.) The study segments the market based on application and provides forecast and estimates for each application segment in terms of revenue during the forecast period from 2014 to 2020.

Market estimates for this study have been based on revenue which was derived through regional pricing trends. Additionally, the market has been analyzed based on expected demand and the market data for each segment is based on revenues. Microencapsulation is a technology; hence, volumes could not be quantified and have therefore not been considered for analysis. Furthermore, prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors and direct selling regional producers. Forecasts have been based on expected demand from application segments and inflation has not been accounted for in this analysis.

The report also offers a competitive landscape of the overall market with company profiles of players such as Lipo Technologies, GAT Microencapsulation GmbH, Aveka Inc, Encapsys, Reed Pacific, Ronald T Dodge Co, Balchem Corporation and Microtek Laboratories. A detailed description of company overview, financial overview, business strategy and SWOT analysis in addition to recent developments provides a thorough idea about the competitive positioning of the players in the market. The report segments the global microencapsualtion market as:

Microencapsulation Market - Application Analysis
  • Pharmaceuticals
  • Household products
  • Agrochemicals
  • Food additives
  • Others (Specialty and commodity chemicals for industrial markets, etc)
Microencapsulation Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific  
  • Rest of the World (RoW)


 
 
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