#Microencapsulation Market

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Microencapsulation Market: Key Factors behind Market’s Rapid Growth

The report "Microencapsulation Market by Technology (Spray, Emulsion, Dripping), Core Material (Pharma & Healthcare Drugs, PCM, Food Additives, Fragrances), Application (Pharma, Household, Agrochemicals, Textiles), Shell Material, and Region - Global Forecast To 2025", The global microencapsulation market was valued at USD 8.5 billion in 2020 and is projected to reach USD 15.5 billion by 2025 at a CAGR of 12.9% from 2020 to 2025. The market is driven by factors such as the increasing demand for fortified food products with health benefits, the increasing demand for agrochemicals due to its controlled release property, growth in construction and construction materials, as well as the widespread application in household & personal care.

North America is estimated to dominate the microencapsulation market in 2020

North America accounted for the largest market share of the microencapsulation market in 2019. The market for microencapsulation in the North American region is driven by the growing demand and awareness for value-added products in various areas such as nutrition, food, healthcare, and personal care. Due to this awareness and increased demand, companies are focusing on manufacturing functional products, with novel technologies such as microencapsulation.

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This report includes a study on the marketing and development strategies, along with a study on the service portfolios of the leading companies. It includes the profiles of leading companies such as BASF (Germany), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors & Fragrances (US), Sensient Technologies (US), Lycored Corp. (UK), Balchem Corporation (US), Encapsys (US), Arcade Beauty (US), and Koehler Innovative Solutions (Germany), Ingredion Incorporation (US), Kerry (Ireland), Cargill (US), Firmenich Incorporation (Switzerland), Dupont (US), Aveka Group (US), Advanced Bionutrition Corp (US), Tastetech Encapsulation Solutions (UK), Sphera Encapsulation (Italy), Clextral (France), Vitasquare (Netherlands), and Microtek (US).

The pharmaceuticals and healthcare drugs segment, by application, is estimated to account for the largest share in 2020

Based on application, the microencapsulation market is segmented into pharmaceutical & healthcare products, household & personal care products, food & beverages, agrochemicals, textiles, construction materials, and others. The pharmaceuticals and healthcare drugs segment is estimated to account for the largest market share in 2020. The rising demand for pharmaceutical drugs is expected to drive the demand for the market.

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Market Driver: Increase in demand for fortified food products with health benefits

The demand for microencapsulation is increasing with the growth in demand for functional and fortified food & pharmaceutical products. Microencapsulation provides integration of minerals, vitamins, flavors, essential oils, and other additives in food products to enhance the functional properties of products. The pharmaceutical sector is also greatly influenced by microencapsulation technologies due to the benefits achieved by the manufacturers. Along with the encapsulation of drugs, other active ingredients such as peptides, proteins, and DNA/RNA molecules are also encapsulated in the pharmaceutical sector to meet the market demand for value-added products.

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Microencapsulation Market Analysis and Forecast to 2031: By Technology (Spray, Emulsion, Dripping), Core Material (Agricultural Inputs, Food Additives, and Pharmaceutical & Healthcare Drugs), Application (Pharma, Household, Agrochemicals, Textiles), and Region

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Microencapsulated Pesticides Market - Forecast(2024 - 2030)

Microencapsulated Pesticides Market Overview

Microencapsulated Pesticides market size is forecast to reach US$520.9 million by 2026, after growing at a CAGR of 8.3% during 2021-2026. Pesticides with a protective layer over the active ingredient are known as microencapsulated pesticides. The controlled release technique is used to boost the efficiency of pesticides by microencapsulating them. High implementation of integrated pest management programs across the globe is one of the key factors due to which the market is anticipated to accelerate during the forecast year. Also, the increasing requirement for pesticides that are efficient in insect control is expected to bolster the growth of the encapsulated pesticides market over the coming years. In addition, growing innovative and advanced developments in the agrochemicals industry for protecting the crops is positively influencing the market growth.

COVID-19 Impact

During the global pandemic, Covid-19, the agricultural sector's demand decreased due to various economic restrictions and regulations. Due to these strict lockdown measures, many pesticides units had to stop their production process, which restricted the microencapsulated pesticides market growth in 2020. In addition, due to the outbreak, the production and export of fruits and vegetables decreased, owing to which the demand for microencapsulated pesticides also decreased, causing a significant decline in the microencapsulated pesticide’s market revenue. Furthermore, because of the covid-19 epidemic, the production, consumption, imports, and exports of microencapsulated pesticides were also hindered. These multiple consequences of the covid-19 pandemic stretched the troubles for the microencapsulated pesticides market in 2020. However, the demand for microencapsulated pesticides is set to improve by the year-end of 2021, owing to the boosting agricultural sector.

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Report Coverage

The report: “Microencapsulated Pesticides Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Microencapsulated Pesticides Industry.

By Type: Insecticides, Herbicides, Fungicides, and Others.

By Technology: Physical (Spray Drying, and Others), Physico-Chemical (Coacervation, and Others), Chemical (Interfacial Polymerization, and Others).

By Application: Agriculture (Grains & Cereals, Fruits & Vegetables, Pulse & Oil Seed, Plantation Crops, and Others), Non-Agriculture (Industrial & Commercial, Residential, and Livestock).

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

Key Takeaways

Europe dominates the microencapsulated pesticides market, owing to the increasing agricultural sector in the European region. The increasing per capita income and evolving lifestyle of individuals coupled with the rising population are the major factors expanding the agriculture sector in Europe.

The pressure to use pesticides and the belief of farmers that they are very necessary for agriculture production is one of the supportive facts fueling the demand for microencapsulated pesticides in this region.

The microencapsulated pesticides are in the introduction period as very few international players are offering such products. Also, these pesticides are very costly than conventional one. Due to which market penetration will hinder in coming years.

Microencapsulated Pesticides Market Segment Analysis – By Type

The insecticide segment held the largest share in the microencapsulated pesticides market in 2020 up to 57% by revenue and is estimated to grow at a CAGR of 8.6% during 2021-2026. Microencapsulated insecticides are used to control agricultural pest insects such as beet armyworm and sap-sucking small insects’ aphids, an insect and a member of the superfamily Aphidoidea. Some formulations of microencapsulated insecticides include a wall comprising of a polymer, for instance, by interfacial polycondensation of a water-soluble monomer and a water-insoluble monomer, which partially surrounds an organophosphate insecticide. These formulations work effectively against both chewing and non-chewing pests such as mice or rats. Microencapsulated insecticides contain chlorpyrifos, an organophosphate pesticide, which is used to control foliage and soil-borne insect pests on various feed crops and food crops. Therefore, the advantages of using microencapsulated insecticides such as effectiveness, sprayable form, and others will further increase the demand for microencapsulated insecticides during the forecast period.

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Microencapsulated Pesticides Market Segment Analysis – By Technology

The physical segment held the largest share in the microencapsulated pesticides market in 2020 and is forecasted to grow at a CAGR of 8.7% during 2021-2026. The physical segment of the microoperation technique involves spray drying technology, freeze-drying, and extrusion techniques. These techniques involve the manual creation of microcapsules used in agriculture, pharmaceutical, and other related industries. It involves the physical implantation of the active ingredient of specific pesticides into the polymer/resin coating of the microcapsule. Under this technology, the shell formation depends on solid-liquid phase transition under heating or solubility reduction due to solvent evaporation. The physical process of forming a microcapsule involves the technique by which solid particles, liquid droplets, and gaseous compounds are entrapped into thin films of agricultural/pharmaceutical/food-grade microencapsulating agents. Some of the primary techniques used in physical microencapsulation technology are fluid bed/pan coating, centrifugal extrusion, spinning desk microencapsulation, and vibrating nozzle.

Microencapsulated Pesticides Market Segment Analysis – By Application

The agriculture segment held the largest share of 63% by revenue in the microencapsulated pesticides market in 2020. Microencapsulation of pesticides, fertilizers, and various other agrichemicals allows the users to precisely control the conditions under which the active ingredient is released. Microencapsulation in agriculture helps in the controlled release of crop protection products. Therefore, the microcapsules can be designed with appropriate triggers for maximum efficiency. Microencapsulation in agriculture helps in reducing environmental impact, as the content in the microcapsule is protected until conditions are right for being released. Further, microencapsulation in agriculture also helps in increased stability for biopesticides. Encapsulation can help in increasing the shelf stability of bioactive compounds and other living organisms such as bacterial spores. Therefore, owning to these factors, its use in the agriculture sector is increasing.

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Microencapsulated Pesticides Market Segment Analysis – By Geography

Europe held the largest share in the microencapsulated pesticides market in 2020 up to 35% by revenue, owing to the flourishing agriculture industry in the region. For instance, according to the data published by Eurostat, in 2019 European region produced approximately 131.8 million tons of common wheat & spelt, 70.1 million tons of grain maize & corn-cob mix, 55.6 million tons of barley, 7.0 million tons of oats, and 8.7 million tons of Rey & maslin. In 2018 European region produced approximately 115.6 million tons of common wheat & spelt, 69 million tons of grain maize & corn-cob mix, 50.1 million tons of barley, 6.9 million tons of oats, and 6.5 million tons of Rey & maslin. According to the European Commission, barley production increased from euro 1,843 million (US$ 2176.50 million) in 2018 to euro 1,911 million (US$2,139.31 million) in 2019 in France. According to the European Commission, in Spain, grain maize production increased to euro 708 million (US$792.58 million) in 2019 as compared to euro 668 million (US$788.87 million) in 2018. Thus, there is a substantial rise in the demand for microencapsulated pesticides in the region, owing to the flourishing agriculture industry in the European region.

Microencapsulated Pesticides Market Drivers

Various Advantages Associated with Microencapsulated Pesticides

Pesticides have varying degrees of health hazards in the pesticides industry, ranging from respiratory exposure to skin penetration, unsafe handling of high viscosity liquid pesticides, and hazardous organic solvents used in the formulation of pesticides. Considering all these drawbacks, microencapsulation techniques are the most efficient way to overcome these drawbacks due to their important advantages. To achieve safety, environmental, and economic benefits, it is critical to select the best encapsulating agent and calculate the process stoichiometry during the manufacturing process. Thus, the safety of the pesticides is improved considerably by microencapsulation due to hazard and exposure reduction, owing to which its adoption is increasing significantly. In addition, traditional liquid pesticide application methods have several disadvantages that microencapsulated pesticides do not. For instance, because microencapsulated plastic polymer coatings help protect the applicator from pesticide exposure, highly toxic chemicals can be mixed and handled safely. Microencapsulation prolongs the effectiveness of the active ingredient by delaying its release, resulting in fewer and less precisely timed applications. There are also other benefits included such as reduced volatility, making it so less is lost from the application site, perform well on both porous and nonporous surfaces, allows for increased effectiveness, reduced odor, a lower likelihood of staining or otherwise damaging treated surfaces, and less phytotoxicity injury to plants. Thus, these advantages associated with microencapsulated pesticides are set to increase the demand for microencapsulated pesticides in the agriculture sector, and further drive the microencapsulated pesticides market growth during the forecast period.

Increase in Demand from the Building and Construction Sector

The increasing growth in the building and construction industry in recent years is further increasing the need for repair and maintenance activities to retain and maintain the health and outlook of the building. According to Global Construction Perspectives and Oxford Economics, the global building and construction industry is estimated to earn a revenue of $15.5 trillion by the year 2030, eventually driving the need and demand for the microencapsulated pesticides market. Various microencapsulated pesticides such as fungicides and miticides are used in the building and construction sector for protection against fungus and mites or ticks. Wood mites occur often on articles of wood, such as furniture, fixtures, cupboards, and other wooden products. Wood mites tend to destroy wooden products by eroding and filtering into the articles. Therefore, microencapsulated miticides are widely used in these situations for protection against mites. Furthermore, fungus tends to get deposited in places like indoor swimming pools, restrooms, bathtubs, shower areas, bathroom walls, bathroom floors, kitchen sinks, wash areas, and other places where there is constant exposure to water. Therefore, microencapsulated fungicides are applied in such places to eradicate fungus and also decrease the future occurrence of such pests. Furthermore, other microencapsulated pesticides such as microencapsulated nematicides are used for killing plant-parasitic nematodes and plant parasites that feed on microorganisms living in water and soil. Therefore, the increase in the growth of the building and construction sector coupled with the increase in the need for maintenance of the building for health and safety purposes will further increase the demand for the microencapsulated pesticides market. This will further increase the demand for the microencapsulated pesticides market during the forecast period.

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Microencapsulated Pesticides Market Challenges

The High Manufacturing Cost of Microencapsulated Pesticides

The production of microencapsulated pesticides is particularly difficult for agricultural and non-agricultural applications due to the high costs of the technique, which may make the final product prohibitively expensive. Also, due to this high price the consumers prefer conventional synthetic pesticides over microencapsulated ones as synthetic pesticides are cheaper than microencapsulated pesticides. The cost of microencapsulation varies greatly and is largely determined by the technique used. Some techniques necessitate the use of specialized equipment, while others don't. For procedures, some methods have used expensive chemicals, while others have used very inexpensive materials. Heat-intensive processes are frequently more expensive than those that do not. To produce a "dry" product, continuous phase removal necessitates an additional processing step, which adds to the cost. Some goods, particularly those with a high value or low volume, are better able to absorb such a cost increase. As a result, it's critical to use one of the less expensive techniques to encapsulate high-volume products or those with a low-profit margin. Thus, due to the involvement of various costly techniques towards the manufacturing of microencapsulated pesticides, the production cost of microencapsulated pesticides significantly increases, as a result of which the price of microencapsulated pesticides also increases, which pose a significant challenge for the microencapsulated pesticides market.

Microencapsulated Pesticides Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Microencapsulated Pesticides market. Major players in the Microencapsulated Pesticides market are:

Syngenta AG

Bayer Crop Science LLC

Adama Agriculture Solutions

BASF Chemical Company

FMC Corporation

Corteva Agriscience

UPL Chemical Industry Company

Insecticides India Limited

Nufarm Chemicals Company

McLaughlin Gormley King Company

Reed Pacific Specialty Chemicals

MikroCaps

Acquisitions/Technology Launches

In January 2020, Corteva acquired Eden’s Sustaine encapsulation technology and various formulations in biological seed treatment applications. 

In May 2019, BASF launched Seltima, an innovative fungicide that supports the efficient production of high-quality rice, for farmers in Thailand.

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Global Microencapsulated Pesticides Market was valued at USD 378.5 billion in 2021 and is expected to reach USD 747.03 billion by the year 2028, at a CAGR of 10.2%.

Microencapsulated Pesticides Market- Global Demand & Analysis | IMR

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Microencapsulated Pesticides Market 

View more @ https://www.industryarc.com/Research/Microencapsulated-Pesticides-Market-Research-505009?utm_source=tumblr&utm_medium=referral&utm_campaign=mohankumar

Pesticides with a protective layer over the active ingredient are known as microencapsulated pesticides. The controlled release technique is used to boost the efficiency of pesticides by microencapsulating them.

[imrreport]

Global Microencapsulated Pesticides Their Future Use In Global Analysis And Forecast, 2022–2028.

Microencapsulated pesticides are insecticides in which the active ingredient of the pesticide (dry or liquid) is protected by a protective cap (polymer). Plastic, starch or other materials can be used as a coating. Like other sprayable pesticide formulations, microencapsulated pesticides are combined with water and applied as a spray. After spraying, the plastic cap of the microencapsulated pesticide breaks, releasing the active ingredient in the capsule. Encapsulation techniques can provide a gradual release of the active “time” in some cases.

Read more: https://introspectivemarketresearch.com/reports/microencapsulated-pesticides-market/ 

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https://www.databridgemarketresearch.com/reports/global-food-microencapsulation-market

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Microencapsulated Omega-3 Powders Market Analysis and Forecast to 2031: By Nature (Organic and Conventional), Distribution Channel (Direct and Indirect), Type (Alpha-linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), and Docosahexaenoic Acid (DHA)), and Region

[chrodnaaslam]

Regardless, would it be a distinct believed for us to be astounded?

Unmistakable probiotics are nowadays marketed in tablet structure.

Regardless, in tablets, there are amazingly few residing creatures considering the way that the bodyweight needed to plot the tablet raises the heat range above 50 ° C and wrongdoing a giant bit of them.

It is in this way fundamentally difficult to have capable probiotic tablets.

A several of manufacturers situation to have found a solution by offering probiotic tablets that were beginning assured by microencapsulation. The problem is that this procedure increases unnecessarily the volume handled by the probiotics. To take down the key (smallest 1 billion), you would take 100 tablets a day.

Shouldn't something be said concerning liquid based probiotics?

In a created liquid method (eg containing animal or veggie milk), probiotic harmful bacteria can not keep lengthy. The unique stresses in the locale will modify the carbs and necessary proteins in the method, traditional chemicals and bleach that little creatures won't continue through lengthy.

Obviously, it is doubtful to keep up a combination of probiotic stresses in congruity in a liquid method considering the way that each advances contrastingly among modify and most far off factor.

In the occasion that we take the example of the amazing organic yogurt, which contains just two bacterial stresses (Lactobacillus bulgaricus and Streptococcus thermophilus), despite the way that they are to some extent probiotics, however after verification that goes from the storing up website to your plate (two or three several weeks ), bacterial achievements and congruity between stresses are exceedingly adjusted; which does not recover the abdominal vegetation, yet truly just to keep up amazing pH circumstances in the intestinal program.

How not to spend cash with probiotics

Diverse euros are abused each year by individuals getting probiotics, however take them at the wrong time, which reduces their adequacy to nothing. Probiotics are, considering present circumstances, crammed by the causticity of a abdomen near, is to say when the last bakes an extensive way of measuring stomach juice (rich in hydrochloric ruinous) to process nutrition.

It is in like way important to take probiotics when the abdomen is void, ie in the early morning when you get up. The pH of your abdomen is so near nonappearance of inclination. Regardless, all the more for the greater level, the area that contiguous your abdomen (pylorus), and discharging nutrition to go into the intestinal structure before it is handled, is start around then.

Take probiotics in owner structure will allow them to be properly secured in the abdomen. Probiotics are released when the compartment material go into the intestinal program, where they can implement their popular growth.

You will see also that in India, we eat a particular type of created milk products known as lassi, loaded with probiotics. This created milk products consume before supper, and now you know why.

It is moreover key that your probiotics contain a higher bacterial individuals: 1 billion dollars harmful bacteria is a platform underneath which the effect is just around zero; 8 billion dollars is better and assures excellent effectiveness when your abdominal vegetation is outright lopsided. For it must be reviewed that among their fragment through the intestinal structure, when lifestyle components every year confinements (gastric pH, bile radiation) that will pound the weakest of them.

What probiotic stresses pick?

It is primary to go on probiotics with a several shifting stresses, correlative and acting in enchanting imperativeness, whose results are chronicled in the exploratory shaped perform.

Five especially probiotic stresses can create in the digestive tract, the regular liquid that covers its protecting, for most amazing statement and snappy changing of resistance: Bifidobacterium lactis, Lactobacillus acidophilus bacteria, Lb. paracasei Lb plantarum and Lactococcus lactis, which have capacities to continue generally of L (+) lactic all around metabolized. These probiotic stresses in like course go on other inhibitory ingredients wrecking micro flora.

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Smart Glove Market - Forecast (2021 - 2026)

The Smart Glove Market size is analyzed to grow at a CAGR of 9.6% during the forecast 2021-2026 to reach $4.67 billion by 2026. Smart Glove is considered as a wide range of Sensor technology gloves for advanced and customized solutions, such as hand protection, high-tech rehab device and other assistive device services. The Smart Gloves are designed electronic devices with microcontrollers to offer avant-garde opportunities for various kinds of application suitable to the business requirements, including industrial grade gloves and medical grade gloves, and thus, contribute to the Smart Glove market growth. The rapid prominence of the Internet of Things (IoT), artificial intelligence and connected devices, along with the increasing innovations in wearable health devices, smart personal protective equipment, integrated with GPS, wireless communication features and in-built voice assistance have supported the Smart Glove Industry development successfully. In fact, the growth of the market is also observed due to the growing advancement of the Bluetooth chip, flex sensors, microcontroller, and accelerometer. Furthermore, the progression of microencapsulation and nanotechnology pave the way for sensor technology which offers lucrative growth possibilities. The influx of brands like Samsung, Apple, and Fossil are broadening the functionalities, which further promotes Smart Glove Market. 

Smart Glove Market Report Coverage

The report: “Smart Glove Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Smart Glove Industry.

By Offerings: Software and Service By Application: Fitness & Wellness, Specific Health Monitor, Infotainment, Ergonomic wearable and others By Industry Verticals: Pharmaceuticals & Healthcare, Food & Beverages, Enterprise and Industrial, Consumer Electronics and others By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and others)and RoW (Middle east and Africa). 

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Key Takeaways

The growing demand of wearable medical devices owing to the increasing awareness on fitness and a healthy lifestyle along with prominence of connected devices in Healthcare, contribute to the growth.

Asia Pacific is estimated to hold the highest share of 40% in 2020, followed by North America, owing to the significant adoption of IoT, large scale implementation of a wide range of ubiquitous systems, such as wearable computing and sensor technology across the several business verticals.

The advancements in consumer electronics with a wide range of technical advantages, including touch sensitive features and miniature designs, resulted into the market growth.

Smart Glove Market Segment Analysis – By Industry Verticals

By Industry Verticals, the Smart Glove Market is segmented into Pharmaceuticals & Healthcare, Food & Beverages, Enterprise and Industrial, Consumer Electronics and others. The Enterprise and Industrial segment held the major share of 37% in 2020, owing to the propensity for cutting-edge products and significant investment to pursue radical evolutions in commercial applications. In order to address the growing requirement of several end users across automotive, oil & gas, manufacturing and logistics, customizable smart gloves with built-in scanners are introduced for more effective operations. In April 2019, the manufacturer of a smart, wearable technology, ProGlove, unveiled its MARK 2 to a U.S. audience ProMat in Chicago. The new MARK 2 enables the user to scan up to 5 feet away from a device and can connect to a corporate network via Bluetooth Low Energy (BLE), with up to 15-hour charge battery. ProGlove provides hands-free scanning solutions across a number of industries, and thus, in September 2020, Panasonic announced a partnership with ProGlove, to combine the mobile computing solutions of the two companies in order to offer rugged, innovative and user-friendly wireless barcode scanners. The strategic collaboration is also formulated to deliver seamless as-a-stand-alone scanning solution with an embedded Panasonic’s voice picking solutions for the warehouse operations, supply chain, and inventory checking. Therefore, the growing demand of integrated gesture sensor solutions for dynamic workstations, and a more efficient working environment accelerated the demand of Smart Glove Market. 

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Smart Glove Market Segment Analysis – By Geography

Asia Pacific is estimated to hold the highest share of 40% in 2020, followed by North America in Smart Glove Market. The early adoption of IoT, large scale implementation of a wide range of ubiquitous systems, such as wearable computing and sensor technology across the several business verticals, along with the growing interest of consumers towards ‘sensorized’ fitness wearable devices are estimated to drive the market in these regions. Furthermore, numerous research investments propel the innovations of soft and stretchable electronics design that propel a competitive edge to smart wearable solutions. In January 2021, HaptX Inc. announced the release of HaptX Gloves DK2. The HaptX Gloves DK2 is an upgraded design and the world's most advanced haptic feedback gloves, which deliver unprecedented realism, with more than 130 points of tactile feedback per hand. These gloves have astoundingly real-life superpowers with VR, XR, and robotics technologies to meet the demand of various enterprises for quality requirements. Hence, the promising demand of industrial wearable and other smart personal protective equipment in these regions are estimated to drive the Smart Glove Market. 

Smart Glove Market Drivers

Growing prominence of healthcare wearable

The growing demand of wearable medical devices owing to the increasing awareness on fitness and a healthy lifestyle along with prominence of connected devices in Healthcare, contribute to the growth of Smart Glove Market. Moreover, the rise of high-tech devices to usher clinical-grade wearable with 3G and 4G connection led to various viable solutions. In July 2020, UCLA bioengineers designed a glove-like device that can translate American Sign Language (ASL) into English speech in real time through a smartphone app. The entire system is integrated upon a pair of gloves with thin, stretchable sensors to translate hand gestures into spoken words. Hence, the sizable demand of personalized care, specific health issue monitoring devices and user-friendly, compact medical wearable propelled the growth of the Smart Glove Market. 

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Advancements in consumer electronics

The advancements in consumer electronics with a wide range of technical advantages, including touch sensitive features and miniature designs, resulted into the growth of Smart Glove Market. The advent of digitalization and latest development in sensor technology to enhance user performances is further driving the market. In April 2019, British music tech company Mi.Mu, founded by Grammy award-winning artist Imogen Heap announced the release of newly designed Mi.Mu gloves, allowing artists to map hand gestures to music software. The new gloves of Mi.Mu are durable with a removable battery system that offers artists complete control over their musical performances. Moreover, the breakthrough innovation in microfibre sensor technology offers strain sensing capabilities that provides gesture-based control. In August 2020, A team of researchers from the National University of Singapore (NUS), led by Professor Lim Chwee Teck, developed a smart glove, known as 'InfinityGloveTM', which enables users to mimic numerable in-game controls using simple hand gestures. Therefore, the launch of sophisticated wearable electronics products, extensive glove's capabilities and rising usage of convenient-to-use devices are some of the factors that are estimated to drive the Smart Glove Market. 

Smart Glove Market Challenge

High price of Smart Glove solution

The market of Smart Glove is expanding due to the significant technologies development, using the amalgamation of sensing and feedback operation to denote smarter systems. Thus, the commercially available devices, pertaining to smart glove features are prominently expensive, which is a major constraint that demotivated the rapid adoption. Thus, factors such as less sensible investment and unobtainability of some of the latest smart gloves technology around some regions  due to high cost are likely to restrict the Smart Glove Market. 

Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Smart Glove Market. The Smart Glove Market top 10 companies include Apple Inc, Flint Rehab, Haptx, Lab Brother Llc, Maze Exclusive, Neofect, Samsung Electronics Co Ltd, Seekas Technology Co., Ltd, Vandrico Solution Inc, ProGlove, Workaround Gmbh and among others 

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Acquisitions/Technology Launches/Partnerships

In December 2019, HaptX, the leading provider of realistic haptic technology announced the partnership with Advanced Input Systems along with a Series A financing round of $12 million. This acquisition provides a great opportunity for HaptX as they can finance the production of the next generation of HaptX Gloves, which represents the world’s most realistic gloves for virtual reality and robotics, coupled with product development, manufacturing, and go-to-market collaboration.

In November 2019, Ansell Limited, a leading provider of safety solutions, announced a partnership with ProGlove, a renowned industrial wearable manufacturer.  The acquisition is formed to deliver advanced hand protection solutions to ensure the personal protective equipment (PPE) compliance in the workplace.

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