Russia Microencapsulation Market Size & Outlook, 2023-2030
Russia microencapsulation market, 2018-2030 (US$M)
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Russia microencapsulation market highlights
- The Russia microencapsulation market generated a revenue of USD 98.4 million in 2023 and is expected to reach USD 179.9 million by 2030.
- The Russia market is expected to grow at a CAGR of 9% 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 98.4 million |
| Market revenue in 2030 | USD 179.9 million |
| Growth rate | 9% (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, Russia accounted for 0.8% 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 Europe, Italy microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,296.2 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia 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 66.97% in 2023. Horizon Databook has segmented the Russia 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.
Russia is one of the growing hubs with respect to the manufacturing of pharmaceuticals, soaps & detergents, and food & beverage products which has major impact on driving the demand for microencapsulation techniques over the forecast period.
The development of pharmaceutical industry with increasing per capita spending on healthcare is expected to have major impact on increasing penetration of microencapsulation for the advanced drug delivery systems enhancing the therapeutic efficiency of a drugs used for treating AIDS, diabetes, tumors and cancer.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into Russia microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia microencapsulation market size, by application, 2018-2030 (US$M)
Russia Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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