The
report
on
global
Microencapsulation
market
estimates
and
forecasted
microencapsulation market in terms of revenue generated by the concept of microencapsulation technology. The global market is estimated to grow at a compound annual growth rate of 8.48% during 2019 to 2024. North America is the largest market of microencapsulation globally and accounted for more than 34% of market share in 2016. Global
microencapsulation
market
is
segmented
by
applications
such
as
Pharmaceuticals, Household Products, Agrochemicals and Food & Feed Additives and Others (include PCM, Lubricants and other Specialty & Commodity chemicals, etc). Further the market is studied for its shell material such as polymers, gums & resins, lipids, carbohydrates and proteins. The market is studied for North America, Europe, Asia Pacific, Latin America and Rest of the World. Latin America and Asia Pacific are the fastest growing region for microencapsulation markets.
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Increasing
requirement
of
enhanced
product
functionality,
emergence
of
new
technologies and high requirement of microencapsulation in the pharmaceutical industry gives huge potential for microencapsulation market all over the world. There is increasing usage of microencapsulation technology in household products and utilities where fortified food products are being demanded on high scale. The usage of