Global Macroencapsulation Market is expected to witness growth on account of increasing application in pharmaceuticals, cleaning, waste management and food & beverage industries. Increasing application of macroencapsulation in pharmaceutical industry on account of timely and systematic release of active ingredients is expected to have a positive impact on the market. Growing application of macroencapsulation in cleaning industry particularly in formulation of detergents, for increasing shelf life and isolating essential enzymes is anticipated be a favourable factor for market over the next seven years.
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Food & beverage industry growth in China, India and Middle East on account of rising domestic consumption is expected to fuel macroencapsulation market demand in the near future. Rising consumption of functional foods with added health benefits and is anticipated to have a positive impact on macroencapsulation market growth over the forecast period. Increasing use of macroencapsulation for sealing and disposing toxic waste is expected to open new market opportunities in the near future. Shifting trend towards nuclear energy in light of increasing importance of renewable sources of energy is expected to fuel macroencapsulation market demand in protecting capsulation of industrial wastes.
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Phase change materials (PCM) market is expected to witness a growth on account of increasing application growth of energy storage in construction and HVAC applications is expected to fuel the demand for macroencapsulation in the near future. Electronic manufacturers have started to incorporate the deployment of macroencapsulation in coating light emitting diodes which is expected to have a positive impact on the market over the forecast period. Market presence of nanoencapsulation and microencapsulation is expected to acts as a challenging factor over the next seven years.
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Key players in the macroencapsulation market include, BASF, Balchem Corporation, Vita Herbs Nutraceuticals, Lipo Technologies, ACG Worldwide, ENCAPSYS, Evonik and AVEKA Group. In April 2015, AISTRON SE acquired PlasmaSi at USD 16 million to expand its expertise in the organic light-emitting diode (OLED). In May 2015, Orcas Naturals completed the acquisition of Unique Encapsulation to purchase rights of latter’s stable liquid encapsulation technology for pharmaceutical capsules. Establishment of strategic partnerships with buyers in food & beverage and pharmaceutical industry is expected to remain key critical success factor for macroencapsulation market players in the near future.
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