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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1070919

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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1070919

Microencapsulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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The global microencapsulation market reached a value of US$ 8.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16 Billion by 2027, exhibiting at a CAGR of 9.98% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Microencapsulation refers to a protective technology that helps encapsulate solid, liquid, or gaseous material into microparticles. The material enclosed is generally released in a variety of ways, such as physical pressure, friction, diffusion, wall dissolution, and biodegradation. Microencapsulation offers numerous advantages, which include improved efficacy, reduced toxicity, and enhanced patient compliance and convenience compared to conventional dosage forms. Besides this, it also assists in prolonging the action of drugs, solidifying liquids, and improving the stability of thermochromic mixtures. As a result, it finds extensive applications in end use industries around the world.

Microencapsulation Market Trends:

  • The flourishing pharmaceutical industry on account of the growing prevalence of chronic diseases represents one of the key factors strengthening the growth of the market. Microencapsulation is increasingly being used to reduce the adverse effect, improve therapeutic efficacy by targeting the intended site, and control drug release from encapsulated microparticles. Apart from this, it also helps enhance the stability of drugs by forming a barrier between drug and external environment and solubility of poorly soluble drugs by particle size reduction. Additionally, as the food and beverage (F&B) industry employs functional ingredients to improve flavor, color, and texture properties, and extend the shelf-life of products, there is a rise in the demand for highly efficient microcapsules worldwide. This can be accredited to the benefits of the spray-drying technique that has a low cost and high drug-loading efficacy. Furthermore, leading market players are continuously funding research and development (R&D) activities to improve technology efficiency, which is creating a favorable market outlook. Besides this, significant adoption of microencapsulation techniques in the agrochemical industry is anticipated to propel the market across the globe.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global microencapsulation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on coating material, core form, technology and application.

Breakup by Coating Material:

  • Carbohydrates
  • Gums and Resins
  • Lipids
  • Polymers
  • Proteins

Breakup by Core Form:

  • Solid
  • Liquid
  • Gas

Breakup by Technology:

  • Spray Technology
  • Dripping Technology
  • Emulsion Technology
  • Coating Technology
  • Others

Breakup by Application:

  • Pharmaceutical and Healthcare
  • Household and Personal Care
  • Food and Beverages
  • Agrochemicals
  • Construction
  • Textiles
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AVEKA Group, Balchem Inc., BASF SE, Bayer AG, Capsulae, Cargill Incorporated, DuPont de Nemours Inc., Encapsys LLC, Koehler Innovative Solutions, Koninklijke DSM N.V., Lycored, Reed Pacific, Syngenta Group (China National Chemical Corporation) and TasteTech. Key Questions Answered in This Report:

  • How has the global microencapsulation market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global microencapsulation market?
  • What are the key regional markets?
  • What is the breakup of the market based on the coating material?
  • What is the breakup of the market based on the core form?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global microencapsulation market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR0422A23_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Microencapsulation Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Coating Material

  • 6.1 Carbohydrates
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Gums and Resins
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Lipids
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Polymers
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Proteins
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast

7 Market Breakup by Core Form

  • 7.1 Solid
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Liquid
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Gas
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Technology

  • 8.1 Spray Technology
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Dripping Technology
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Emulsion Technology
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Coating Technology
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Application

  • 9.1 Pharmaceutical and Healthcare
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Household and Personal Care
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Food and Beverages
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Agrochemicals
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Construction
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast
  • 9.6 Textiles
    • 9.6.1 Market Trends
    • 9.6.2 Market Forecast
  • 9.7 Others
    • 9.7.1 Market Trends
    • 9.7.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 AVEKA Group
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
    • 15.3.2 Balchem Inc.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
      • 15.3.2.4 SWOT Analysis
    • 15.3.3 BASF SE
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 Bayer AG
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
      • 15.3.4.4 SWOT Analysis
    • 15.3.5 Capsulae
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
    • 15.3.6 Cargill Incorporated
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 SWOT Analysis
    • 15.3.7 DuPont de Nemours Inc.
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Encapsys LLC
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
    • 15.3.9 Koehler Innovative Solutions
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
    • 15.3.10 Koninklijke DSM N.V.
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
      • 15.3.10.4 SWOT Analysis
    • 15.3.11 Lycored
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
    • 15.3.12 Reed Pacific
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
    • 15.3.13 Syngenta Group (China National Chemical Corporation)
      • 15.3.13.1 Company Overview
      • 15.3.13.2 Product Portfolio
      • 15.3.13.3 SWOT Analysis
    • 15.3.14 TasteTech
      • 15.3.14.1 Company Overview
      • 15.3.14.2 Product Portfolio
Product Code: SR0422A23_Report

List of Figures

  • Figure 1: Global: Microencapsulation Market: Major Drivers and Challenges
  • Figure 2: Global: Microencapsulation Market: Sales Value (in Billion US$), 2016-2021
  • Figure 3: Global: Microencapsulation Market Forecast: Sales Value (in Billion US$), 2022-2027
  • Figure 4: Global: Microencapsulation Market: Breakup by Coating Material (in %), 2021
  • Figure 5: Global: Microencapsulation Market: Breakup by Core Form (in %), 2021
  • Figure 6: Global: Microencapsulation Market: Breakup by Technology (in %), 2021
  • Figure 7: Global: Microencapsulation Market: Breakup by Application (in %), 2021
  • Figure 8: Global: Microencapsulation Market: Breakup by Region (in %), 2021
  • Figure 9: Global: Microencapsulation (Carbohydrates) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 10: Global: Microencapsulation (Carbohydrates) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 11: Global: Microencapsulation (Gums and Resins) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 12: Global: Microencapsulation (Gums and Resins) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 13: Global: Microencapsulation (Lipids) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 14: Global: Microencapsulation (Lipids) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 15: Global: Microencapsulation (Polymers) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 16: Global: Microencapsulation (Polymers) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 17: Global: Microencapsulation (Proteins) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 18: Global: Microencapsulation (Proteins) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 19: Global: Microencapsulation (Solid) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 20: Global: Microencapsulation (Solid) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 21: Global: Microencapsulation (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 22: Global: Microencapsulation (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 23: Global: Microencapsulation (Gas) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 24: Global: Microencapsulation (Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 25: Global: Microencapsulation (Spray Technology) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 26: Global: Microencapsulation (Spray Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 27: Global: Microencapsulation (Dripping Technology) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 28: Global: Microencapsulation (Dripping Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 29: Global: Microencapsulation (Emulsion Technology) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 30: Global: Microencapsulation (Emulsion Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 31: Global: Microencapsulation (Coating Technology) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 32: Global: Microencapsulation (Coating Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 33: Global: Microencapsulation (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 34: Global: Microencapsulation (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 35: Global: Microencapsulation (Pharmaceutical and Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 36: Global: Microencapsulation (Pharmaceutical and Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 37: Global: Microencapsulation (Household and Personal Care) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 38: Global: Microencapsulation (Household and Personal Care) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 39: Global: Microencapsulation (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 40: Global: Microencapsulation (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 41: Global: Microencapsulation (Agrochemicals) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 42: Global: Microencapsulation (Agrochemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 43: Global: Microencapsulation (Construction) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 44: Global: Microencapsulation (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 45: Global: Microencapsulation (Textiles) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 46: Global: Microencapsulation (Textiles) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 47: Global: Microencapsulation (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 48: Global: Microencapsulation (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 49: North America: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 50: North America: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 51: United States: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 52: United States: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 53: Canada: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 54: Canada: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 55: Asia-Pacific: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 56: Asia-Pacific: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 57: China: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 58: China: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 59: Japan: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 60: Japan: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 61: India: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 62: India: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 63: South Korea: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 64: South Korea: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 65: Australia: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 66: Australia: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 67: Indonesia: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 68: Indonesia: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 69: Others: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 70: Others: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 71: Europe: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 72: Europe: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 73: Germany: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 74: Germany: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 75: France: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 76: France: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 77: United Kingdom: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 78: United Kingdom: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 79: Italy: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 80: Italy: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 81: Spain: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 82: Spain: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 83: Russia: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 84: Russia: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 85: Others: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 86: Others: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 87: Latin America: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 88: Latin America: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 89: Brazil: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 90: Brazil: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 91: Mexico: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 92: Mexico: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 93: Others: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 94: Others: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 95: Middle East and Africa: Microencapsulation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 96: Middle East and Africa: Microencapsulation Market: Breakup by Country (in %), 2021
  • Figure 97: Middle East and Africa: Microencapsulation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 98: Global: Microencapsulation Industry: SWOT Analysis
  • Figure 99: Global: Microencapsulation Industry: Value Chain Analysis
  • Figure 100: Global: Microencapsulation Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Microencapsulation Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Global: Microencapsulation Market Forecast: Breakup by Coating Material (in Million US$), 2022-2027
  • Table 3: Global: Microencapsulation Market Forecast: Breakup by Core Form (in Million US$), 2022-2027
  • Table 4: Global: Microencapsulation Market Forecast: Breakup by Technology (in Million US$), 2022-2027
  • Table 5: Global: Microencapsulation Market Forecast: Breakup by Application (in Million US$), 2022-2027
  • Table 6: Global: Microencapsulation Market Forecast: Breakup by Region (in Million US$), 2022-2027
  • Table 7: Global: Microencapsulation Market: Competitive Structure
  • Table 8: Global: Microencapsulation Market: Key Players
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