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BEIJING, Nov. 10, 2022 (GLOBE NEWSWIRE) — The globe Microencapsulation market The size accounted for $11.1 billion in 2021 and is expected to take a market size of $32.5 billion by 2030, growing at a CAGR of 12.8% from 2022 to 2030.
Microencapsulation improves drug delivery and is used in a variety of novel drug organization methods. The main reason for microencapsulation of drug atoms is to ensure controlled drug acquisition. This allows for sustained and delayed drug delivery in the body.
Microencapsulation Market Statistics
- The global microencapsulation market value was US$11.1 billion in 2021 and is projected to grow at a CAGR of 12.8% from 2022 to 2030
- Microencapsulation market revenue in North America with a market share exceeding 38% in 2021
- Asia-Pacific Microencapsulation Market Growth is expected to register a remarkable CAGR of over 13% from 2022 to 2030
- Among materials, the construction sub-segment garnered more than 20% of the total market share in 2021
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Read on GNW: Microencapsulation market size will reach USD 32.5 billion
