HOME Research Insight New Product & Technology Launches, Agreements, Collaborations, Joint Ventures, and Partnerships to meet the Growing Demand for Microencapsulation Market

New Product & Technology Launches, Agreements, Collaborations, Joint Ventures, and Partnerships to meet the Growing Demand for Microencapsulation Market

The microencapsulation market is projected to reach a value of USD 10.76 Billion by 2022, at a CAGR of 11.4% from 2017 to 2022. This market is driven by the increase in demand for functional products. The demand for functional products is increasing owing to the changing lifestyles. Consumer interest in functional products has increased in developing economies such as India, China, Japan, and Brazil, with the increasing preference for safer methods to improve general health and living. This has also prompted manufacturers to tap opportunities and develop products that offer health and wellness benefits along with enhanced applications. Microencapsulation technology is required for the development of functional products, which is expected to fuel the growth of the microencapsulation market.

The key market players adopted strategies such as expansions & investments, acquisitions, new product & technology launches, agreements, collaborations, joint ventures, and partnerships to meet the growing demand for microencapsulation. BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Royal FrieslandCampina N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), and Givaudan SA (Switzerland) are the major players in this market. Other active players in the industry include Firmenich SA (Switzerland), Symrise AG (Germany), International Flavors & Fragrances Inc. (US), Lycored Corp. (UK), Sensient Technologies Corporation (US), Koehler Innovative Solutions (Germany), and Balchem Corporation (US).

Royal FrieslandCampina N.V. (Netherlands) is one of the leading microencapsulation products providers, owing to its strong global presence and products offerings. The company focused on increasing its geographic presence through expansions and partnerships to meet the market demand between 2012 and 2017. In November 2015, FrieslandCampina partnered with Barry Callebaut Sweden AB (Sweden), a chocolate and cocoa manufacturer. The agreement is based on its strategic objectives which would allow the company to concentrate on its core segments, such as high quality (foaming) creamers, food ingredients, and micro-capsulates. In April 2014, FrieslandCampina Ingredients (Netherlands), a subsidiary of Royal FrieslandCampina N.V., opened a new sales office in São Paulo, Brazil. The new office will allow FrieslandCampina to meet the growing demand for ingredients and provide a wide range of infant and toddler nutrition products in the South American market.

BASF SE is a diversified chemical company managing its business through various segments. BASF SE is a microencapsulation products provider and manufacturer of a wide range of products with high-end industrial applications. In July 2017, BASF launched Fendona CS controlled release insecticide, an effective perimeter pest solution. Two innovations differentiate Fendona CS insecticide: a purified active ingredient called alpha-cypermethrin, which is four times more active than regular cypermethrin, and an advanced encapsulation technology that produces smaller and a larger number of capsules, and facilitates diffusion of the active ingredient from inside the capsule into the lipophilic cuticles of arthropod pests.

Related Reports:

Microencapsulation Market by Technology (Spray, Emulsion, Dripping), Core Material (Pharmaceutical & Healthcare Drugs, Food Additives), Application (Pharmaceuticals, Food & Beverages), Shell material, and Region - Global Forecast to 2022

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