May 25, 2017
Wellesley, Mass., May 25, 2017 – New estimates by BCC Research find a growing global demand for controlled release items – from fertilizers to food items, medicines, cosmetics and emerging applications. Encapsulation technologies and new uses are increasing worldwide that could drive the industry markets to USD $1.6 billion in annual sales by 2021.
The industry is predicted to average more than 6% CAGR in some key markets, and to remain near 5 % or about $400 million in the United States, during the next five years, according to BCC Research's Controlled-release Technologies: Established and Emerging Markets.
Globally, the top five markets for these technologies have been the U.S., Switzerland, Australia, Norway and Germany -- higher-income nations where medicines, adhesives, convenience items and better-tasting food products were among the uses of controlled release products in 2013.
Research Highlights
"This is a field where new applications and the technologies to enable them are being devised very quickly,” says Kevin Fitzgerald, BCC Research editorial director. "Environmental pressures for zero-impact packaging certainly play a role for companies in higher-income regions and you can see it everywhere from single-use, premeasured consumer laundry detergent pouches to more complex infrastructure products.”
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.
Controlled-release Technologies: Established and Emerging Markets( MST027J )
Publish Date: May 2017
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.