Microencapsulation Market Size and Share During 2023-2028
According to the latest report by IMARC Group, titled “ Microencapsulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ; the global microencapsulation market size reached US$ 9.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.6% during 2023-2028. Microencapsulation represents a protective technology that helps encapsulate solid, liquid, or gaseous material into microparticles. The material enclosed is usually released in various ways, such as physical pressure, friction, wall dissolution, diffusion, biodegradation, etc. Microencapsulation provides numerous advantages, including improved efficacy, reduced toxicity, enhanced patient compliance and convenience, etc., when compared to conventional dosage forms. It also aids in prolonging the action of drugs, solidifying liquids, improving the stability of thermochromic mixtures, etc. Consequently, ...