Microencapsulation Market Share, Trend, Report & Analysis

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The microencapsulation market was valued at USD 12,624.52 million in 2023 and is expected to grow at a robust CAGR of around 11.84% during the forecast period (2024-2032)

According to a recent industry report by UnivDatos Market Insights, the global Microencapsulation market is projected to reach USD 34,769.03 million by 2032, growing at a CAGR of 11.84% from 2024 to 2032.

BASF SE is a prominent chemical company that deals in microencapsulation and has been responsible for spearheading sustainable and innovative solutions that meet the needed changes in the different industries. BASF currently stands by the company’s environmental policy and has and is continually investing in research and development in microencapsulation technology with an aim of producing and supplying high-quality value-added products to customers without harming the environment.

EMBRACING SUSTAINABILITY AND CLEAN LABEL TRENDS

BASF offers a comprehensive portfolio of microencapsulation solutions tailored to the diverse needs of industries such as pharmaceuticals, food and beverages, personal care, agrochemicals, and textiles. These solutions are meticulously developed using advanced technologies and sustainable practices, ensuring superior performance, versatility, and environmental responsibility.

ELEVATING MICROENCAPSULATION PERFORMANCE THROUGH CUTTING-EDGE SOLUTIONS

Bio-Based Encapsulation Materials: BASF has also expanded greatly on methods of producing encapsulation materials from biological materials including plant derivatives and agricultural waste. Bio based solutions were developed by BASF in the same year with an innovation in bio-based encapsulation system for cosmetics and personal care products using sustainably grown crops and bio technological processing. The tested bio-based encapsulation material has the same efficiency as the petroleum based one but opens a possibility to minimize the use of fossil fuel and emissions. For instance, in January 2023, BASF SE, specializing in the microencapsulation of vitamins, developed a unique microencapsulation method for the vitamin A and D powders used in flour and sugar fortification, which delivers best-in-class stability.  Recently, BASF has developed BHT-free vitamin A to fortify flour and sugar. It is a vitamin A palmitate powder that can be applied directly or through pre-mixes. Technical studies show the superior stability of this BHT-free vitamin A powder compared to other BHT-free vitamin A powders on the market

Advanced Formulation Technologies: BASF remained proactive in creating new microencapsulation products, but it has also endeavored to optimize the effectiveness and functionality of existing ones through formulation enhancements. Such modifications have led to new developments of microencapsulation chemistries with improved stability, compatibility and efficiency in various applications and suitable to meet the customer needs and wants of today’s consumers.

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Collaborative Partnerships: At the heart of this strategy, the company actively works with customers, other industries, and research organizations to ensure joint commitment to finding solutions for various problems impacting the microencapsulation market. Thus, creating long-term partnerships in BASF could unite all available and potential knowledge and experience to develop specific approaches and offers corresponding to customer needs and market tendencies. For example, the partnerships between BASF and many well-known cosmetic manufacturers extend to the joint development of new humectant systems that exhibit better performance and differentiation in terms of their feel. For instance, in 2023, BASF, alongside a leading company for natural cosmetics, has partnered with Indonesian non-profit organization Kaleka to support the sustainable management of palm and palm kernel oil production in Indonesia.

CONCLUSION

BASF's unwavering commitment to innovation and collaboration positions it as a pioneer in the microencapsulation market. BASF continues to drive positive change and shape the future of microencapsulation technology through its relentless pursuit of excellence and dedication to customer satisfaction. As the demand from various industries such as pharma, agrochemicals, home and personal care, food and beverages continue to grow, BASF remains at the forefront of innovation, empowering customers to create products that meet the highest performance, sustainability, and consumer satisfaction standards. driven by driven by the growing demand for the functional and encapsulated ingredients, advancements in technology, and rising awareness about health and wellness globally.

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