Microencapsulation Market Size Analysis and Top Companies
The global microencapsulation market size is projected to surpass around USD 35.30 billion by 2033 from USD 13.10 billion in 2023, expanding at a solid CAGR of 10.42% between 2023 and 2033. The top companies in the microencapsulation are Capsule, LycoRed Group, BASF SE, Balchem, Encapsys LLC, AVEKA Group, Reed Pacific Pty Ltd., Microtek Laboratories, Inc., TasteTech Ltd., GAT Microencapsulation GmbH, Ronald T. Dodge Co., Evonik Industries AG, Inno Bio Limited, Bayer AG, Dow, 3M, and Others.
Market Report Coverage
| Report Attributes |
Details |
| Market Size by 2033 |
USD 35.30 Billion |
| Market Size in 2023 |
USD 13.10 Billion |
| Market Growth Rate from 2023 to 2033 |
CAGR of 10.42% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Application, Technology, Coating Material, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, and Africa |
Microencapsulation Market Key Players
- Capsule
- LycoRed Group
- BASF SE
- Balchem
- Encapsys LLC
- AVEKA Group
- Reed Pacific Pty Ltd.
- Microtek Laboratories, Inc.
- TasteTech Ltd.
- GAT Microencapsulation GmbH
- Ronald T. Dodge Co.
- Evonik Industries AG
- Inno Bio Limited
- Bayer AG
- Dow
- 3M
Latest Announcement by Industry Leaders
- In October 2024, BASF and AM Green announced the signing of an MoU for opportunities in Iow-carbon chemicals. BASF and AM Green intend to conduct feasibility studies on low-carbon chemicals production in India, including a joint evaluation of potential technologies.
- In September 2024, Purdue University and Bayer announced the creation of the Coalition for Regenerative Agriculture, a public-private collaboration designed to help enhance the soil health of farmland while also increasing food production for a growing population.
Recent Developments
- In July 2023, BASF and Zhejiang Guanghua Technology Co., Ltd. (KHUA) signed a Letter of Intent (LoI) for the supply of Neopentyl Glycol (NPG) from BASF’s Zhanjiang Verbund site to KHUA. This collaboration will help to meet the increasing demand for low-emission powder coatings in China and the wider Asia Pacific.
- In January 2023, Balchem declared that the Company has been named one of America’s Most Responsible Companies by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. Balchem has earned a ranking amongst this top list of companies for the third consecutive year.
- In January 2023, NovaSol Pharma announced the launch of its new microencapsulated drug delivery system for the treatment of asthma. The system is designed to improve the efficacy and safety of asthma medications.
- In December 2022, Encapsulonics announced the launch of its new microencapsulation technology for the agrochemical industry. The technology is designed to improve the efficacy and safety of agrochemicals.
We have prepared a service to support you. please feel free to contact us at sales@precedenceresearch.com | +1 804 441 9344
