Argentina Microencapsulation Market Size & Outlook
Argentina microencapsulation market, 2018-2030 (US$M)
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Argentina microencapsulation market highlights
- The Argentina microencapsulation market generated a revenue of USD 87.3 million in 2023 and is expected to reach USD 171.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, pharmaceutical & healthcare products was the largest revenue generating application in 2023.
- Pharmaceutical & Healthcare products is the most lucrative application segment registering the fastest growth during the forecast period.
Microencapsulation market data book summary
| Market revenue in 2023 | USD 87.3 million |
| Market revenue in 2030 | USD 171.8 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical & healthcare products |
| Fastest growing segment | Pharmaceutical & Healthcare products |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical & Healthcare products, Home & Personal Care, Food & Beverages, Agrochemicals, Construction, Textile |
| Key market players worldwide | Basf SE, Evonik Industries AG, Bayer AG, Dow Inc, 3M Co, Balchem Corp, Encapsys, GAT Microencapsulation, Ronald T. Dodge, Innovent Biologics Inc, Natural Capsules, Reed Pacific Media, LycoRed, AVEKA, Microtek Laboratories, TasteTech |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.7% of the global microencapsulation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 832.3 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina microencapsulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microencapsulation market will help companies and investors design strategic landscapes.
Pharmaceutical & healthcare products was the largest segment with a revenue share of 67.24% in 2023. Horizon Databook has segmented the Argentina microencapsulation market based on pharmaceutical & healthcare products, home & personal care, food & beverages, agrochemicals, construction, textile covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America is one of the developing regions with high manufacturing potential. Presence of global leaders, increasing R&D activities, introduction of products containing natural ingredients is expected to drive the demand for microencapsulation from personal care and cosmetic industry in Argentina.
The country’s pharmaceutical industry is the major market driver with a presence of pharma giants such as Bayer, Novartis, Roche, Abbott and GlaxoSmithKline along with domestic laboratories accounting for over 50% of Argentine pharmaceutical market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into Argentina microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina microencapsulation market size, by application, 2018-2030 (US$M)
Argentina Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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