** U.S (New York) According to Report Ocean recently released its “Korea Personal Care Encapsulation Materials Market ” Research Report for the years 2023-2032. This report conducts an extensive examination of the market, delving deep into its dynamics, encompassing crucial trends, emerging technologies, driving forces, challenges, and regulatory measures. In addition, it provides insights into the strategies and profiles of key industry players. Comprising over 100+ data tables, pie charts, graphs, and figures, this market study offers a comprehensive understanding of the market landscape. It delivers a thorough evaluation, encompassing future trends, current growth drivers, expert perspectives, factual insights, and industry-validated market data, all of which contribute to precise forecasts extending until 2032.
The Korean personal care encapsulating materials market is expected to reach $59,880 thousand by 2023, from $25,268 thousand in 2016, registering a CAGR of 10.9% during 2017-2023. The topical and transdermal distribution of active cosmetic ingredients require a non-toxic, safe mode of reaching the target site without irritation. Safeguarding the active cosmetic ingredients is crucial during preparation, storage, and use of the final product. Biologically active substances are usually unstable and sensitive to pH, temperature, light, and oxidation.
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Hence, they require encapsulation to protect against degradation, and also for controlled release of the active substance. Encapsulation technology is used for protecting bio-active ingredients such as polysaccharides, proteins, lipids, synthetic polymers, and others. Encapsulation materials are used in shower gels, soaps, wrinkle creams, color cosmetics, aromatherapy products, and others.
Who is the largest manufacturers of Korea Personal Care Encapsulation Materials Market Worldwide ?
Sumitomo Corporation
Biogenoci Co. Ltd.
Korea Particle Technology Inc. (K.P.T)
Chongqing Pellets Techniques (Pellets)
Durae Corporation
Has there been any international intervention to address the Russia-Ukraine War?
Minsk Agreements: The Minsk Agreements are a set of ceasefire agreements aimed at resolving the conflict in Eastern Ukraine. They were negotiated through the Organization for Security and Cooperation in Europe (OSCE) with the involvement of Russia, Ukraine, and representatives of the self-proclaimed Donetsk and Luhansk People’s Republics. These agreements have been a centerpiece of diplomatic efforts, but they have not led to a comprehensive resolution of the conflict.
Normandy Format: The Normandy Format is a diplomatic group involving the leaders of Ukraine, Russia, Germany, and France. This format has been used to facilitate negotiations and discussions aimed at resolving the conflict, but it has faced numerous challenges and has not resulted in a lasting peace settlement.
OSCE Monitoring Mission: The Organization for Security and Cooperation in Europe (OSCE) has deployed a Special Monitoring Mission (SMM) to Ukraine. This mission’s purpose is to monitor the security situation, report on violations, and facilitate dialogue between the conflicting parties.
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Sanctions: Many Western countries, including the United States and the European Union, imposed economic sanctions on Russia in response to its actions in Ukraine. These sanctions were intended to put economic pressure on Russia and encourage a diplomatic solution.
United Nations: The United Nations has been involved in various ways, including efforts to facilitate humanitarian assistance and providing a forum for international discussions on the conflict.
Humanitarian Aid: Various international organizations and countries have provided humanitarian assistance to people affected by the conflict in Ukraine.
The Korean personal care and cosmetics industry is 10th largest in the world. The market has witnessed 10% annual growth in the recent years. The major trends in the Korean cosmetics industry includes shift towards nature-oriented and eco-friendly products. This trend has significantly increased the demand for new natural, organic, and functional ingredients, and has presented new business opportunities. In addition, high standards of living and growth in geriatric population have augmented the demand for personal care products in Korea. This in turn has boosted the demand for encapsulation of active ingredients used in these personal care and cosmetics products in Korea. The use of encapsulation technique allows controlled release of ingredients to optimize their effectiveness.
The Korea personal care encapsulating materials market is segmented on the basis of material type and application. Based on material type, the market is segmented into polysaccharides, proteins, lipids, synthetic polymers, and others. The polysaccharides segment is bifurcated into gums, starches, celluloses, cyclodextrins, and chitosan.
The proteins segment is classified into gelatin, casein, and soy proteins. The lipids segment is segmented into waxes, paraffins, and oils. The synthetic polymers segment is bifurcated into acrylic polymers, polyvinyl alcohol, and poly (vinylpyrrolidone). The application areas of the industry are shower & bath gels, color cosmetics, wrinkle creams, soaps, aromatherapy products, and others.
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KEY BENEFITS FOR STAKEHOLDERS:
- This report provides an extensive analysis of the current trends and future projections of the Korean personal care encapsulating materials market.
- In-depth analysis of the industry is conducted through market estimations of key segments for the period of 2016-2023.
- Competitive intelligence of leading manufacturers and distributors of personal care encapsulating materials helps in understanding the competitive scenario in Korea.
- Comprehensive analysis of factors that drive and restrain the growth of the Korean personal care encapsulating materials market is provided in the report.
- Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The key players are profiled along with their strategies to determine the competitive outlook of the market.
Key Market Segments:
By Material Type
Polysaccharides
Gums
Starches
Celluloses
Cyclodextrines
Chitosan
Proteins
Gelatin
Casein
Soy proteins
Lipids
Waxes
Paraffins
Oils
Synthetic polymers
Acrylic polymers
Polyvinyl alcohol
Poly(vinylpyrrolidone)
Others
By Application
Shower and bath gels
Color cosmetics
Wrinkle creams
Soaps
Aromatherapy products
Others
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
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What are the goals of the report?
- The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
- The paper also analyses market sizes in the past and present.
- The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
- The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
- The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
- The study examines the future period’s growth rate, market size, and market worth.
PEST Factors:
Political Factors:
- Identification of government policies and political groups that may impact business success.
- Assessment of political environment stability and potential for changes.
- Evaluation of upcoming local, state, or national elections and their potential influence on government policies.
- Analysis of key contenders for power and their stance on trade policies affecting the organization.
- Examination of property rights, rule of law, corruption, and organized crime levels, along with potential future changes and implications.
- Consideration of pending legislation and tax changes that could affect the business positively or negatively.
- Review of business regulations and potential changes, and identification of trends towards regulation or deregulation.
- Examination of government stance on corporate policies, corporate social responsibility, environmental issues, and customer protection legislation, and potential impacts.
- Estimation of the timeline for proposed legislative changes.
- Identification of other potential political factors that could bring about change.
Economic Factors:
- Anticipation of future economic influences on the business.
- Evaluation of current economic performance and its immediate effects.
- Analysis of how economic factors impact prices, income, and costs.
- Assessment of economic stability – growth, stagnation, or decline.
- Consideration of stability or fluctuations in key exchange rates.
- Examination of trends in customers’ disposable income levels and predictions for the future.
- Evaluation of unemployment rates and ease or difficulty in building a skilled workforce.
- Analysis of access to credit for consumers and businesses and its potential effects on the organization.
- Consideration of globalization’s impact on the economic environment.
- Identification of additional economic factors worth considering.
Social Factors:
- Examination of customer beliefs and values and their influence on purchasing behaviors.
- Analysis of cultural trends and human behaviors affecting the business.
- Assessment of population growth rates, age profiles, and likelihood of changes.
- Consideration of generational attitude shifts and their potential impact.
- Evaluation of health, education, and social mobility levels in society, along with changing trends and implications.
- Examination of employment patterns, labor market trends, and age-specific work attitudes.
- Analysis of relevant social attitudes, taboos, and recent socio-cultural changes.
- Consideration of the influence of religious beliefs and lifestyle choices on the population.
- Identification of other sociocultural factors with the potential to drive change.
Technological Factors:
- Assessment of current and emerging technological advances and innovations.
- Evaluation of technology’s impact on business operations.
- Identification of new technologies currently being used or considered for implementation.
- Anticipation of potentially disruptive technologies on the horizon.
- Analysis of competitors’ access to new technologies that could redefine products.
- Examination of focus areas for government and educational institution research, with potential opportunities for the business.
- Assessment of how changes in infrastructure have affected work patterns (e.g., remote work levels).
- Identification of existing technology hubs for potential collaboration and learning.
- Consideration of other relevant technology-related factors.
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