Australia Microencapsulation Market Size & Outlook
Australia microencapsulation market, 2018-2030 (US$M)
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Australia microencapsulation market highlights
- The Australia microencapsulation market generated a revenue of USD 298.0 million in 2023 and is expected to reach USD 636.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, pharmaceutical & healthcare products was the largest revenue generating application in 2023.
- Home & Personal Care is the most lucrative application segment registering the fastest growth during the forecast period.
Microencapsulation market data book summary
| Market revenue in 2023 | USD 298.0 million |
| Market revenue in 2030 | USD 636.4 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical & healthcare products |
| Fastest growing segment | Home & Personal Care |
| 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, Australia accounted for 2.3% 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 Asia Pacific, China microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 887.4 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 67.25% in 2023. Horizon Databook has segmented the Australia 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.
Australia accounted for 8.18% of revenue share in Asia Pacific microencapsulation market and expected to grow over the forecast period. The presence of major players such as Reed Pacific which has pioneered the application of microencapsulation technology in many different application including personal care, fabric care, agriculture, cosmetics & skin care, health care among several others is expected to drive the market growth in the country.
Increasing investment in R&D activities, strong product innovation, introduction of enhanced, reformulated, environment friendly products offered by the technique is expected to drive the market over the projected period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into Australia microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia microencapsulation market size, by application, 2018-2030 (US$M)
Australia Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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