Spray Technology Segment to Dominate Europe Encapsulation Market during 2018–2028 

According to a new market research study on “Europe Encapsulation Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Coating Material, Technology, and Application,” is expected to reach US$ 23,180.43 million by 2028 from US$ 10,023.66 million in 2021. The market is estimated to grow at a CAGR of 12.7% from 2021 to 2028. Surge in demand for encapsulated flavors and colors from convenience food sector is the major factor driving the growth of the Europe encapsulation market. However, increased cost of production and low profit margins may hinder the growth of Europe encapsulation market. The report provides trends prevailing in the Europe encapsulation market along with the drivers and restraints pertaining to the market growth.

In Europe, France and Italy recorded the highest number of COVID-19 cases as of June 2021. Moreover, Russia, the UK, and Germany are among the worst-hit countries and are expected to suffer an economic hit due to the lack of revenue from various industries. The chemicals & materials industry across Europe has been severely impacted by the COVID-19 pandemic, owing to a decline in manufacturing activities. Businesses are gaining ground as previously imposed limitations are being eased across various locations. Moreover, the introduction of COVID-19 vaccines by governments of different countries has further eased the situation leading to a rise in business activities. Furthermore, governments of various countries are planning to develop modern and technologically advanced infrastructure to mitigate the economic impacts of the COVID-19 pandemic. Thus, the market is expected to grow significantly in the coming years amid the impact of the COVID-19 pandemic.

The Europe encapsulation market is segmented into coating material, technology, application, and country. Based on coating material, the Europe encapsulation market is segmented into polymers, gums and resins, lipids, carbohydrates, and lipids. In 2020, the carbohydrates segment held the largest share Europe encapsulation market. Based on technology, the Europe encapsulation market is segmented into spray technology, emulsion technology, dripping technology and others. In 2020, the spray technology segment held the largest share Europe encapsulation market. Based on by application, the Europe encapsulation market is segmented into pharmaceuticals and nutraceutical, food and beverages, personal care products, agrochemicals, and other. In 2020, the pharmaceutical and nutraceutical segment held the largest share Europe encapsulation market. Based on country, the Europe encapsulation market is segmented into Germany, France, Italy, UK, Russia, and rest of Europe. In 2020, rest of Europe held the largest share Europe encapsulation market

Balchem Inc.; BASF SE; DSM; FrieslandCampina; Givaudan; Legris Industries Group; Lycored; and TasteTech are among the leading companies in the Europe encapsulation market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Balchem Inc. through its wholly owned subsidiary, Balchem Italia S.r.l., acquired Bioscreen Technologies, S.r.l.  Bioscreen Technologies, S.r.l. is a small privately held manufacturer of encapsulated and fermented products for international animal nutrition and health customer base. This acquisition provides a European manufacturing platform for Balchem’s encapsulated nutrients. It will also allow Balchem to accelerate its growth within Europe.

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