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During the projected period (2023-2030), the global bioadhesive market is expected to expand from USD 4.80 Billion in 2021 to USD 10.84 Billion by 2030, a CAGR of 9.48%.
Source Analysis
The market for adhesives derived from plants has grown to become the largest segment of the industry. Adhesives made from starch, soy, corn, and maize are becoming increasingly popular because of the low production costs and wide availability of these ingredients. The demand for plant-based adhesive varieties is bolstered by the growing interest in bio-based products among consumers. Meanwhile, adhesives made from animal parts including bone, glue, skin, and hooves are expected to make major inroads into many different application fields. Pipe organ construction, piano tuning, and antique restoration are just some of the specialized uses for these glues. However, the short shelf life and functional restrictions of animal-based adhesives are predicted to slow this market's expansion over the projected time frame.
Evaluation Through Use
The bio adhesives market was led by the packaging and paper industry, which generated 36.5% of total revenue in 2016. Printed sheet lamination, cigarette and filter lamination, flexible packaging, and speciality packaging are just a few of the many packaging applications that make heavy use of bio adhesives. During the projected period, this market segment is anticipated to be driven by the growing packaging and paper sector in emerging economies such as Asia Pacific and Latin America. The construction sector is now the second most important market for this technology. Pipes, cladding panels, waste management systems, and pavements are just some of the many construction components that benefit from the use of bio adhesives. Growth in this application area is anticipated, in large part because to the expanding building and infrastructure industries in developing economies in places like Asia Pacific, the Middle East, and Latin America.
There has been rapid development in the bioadhesive sector, and this trend is predicted to continue. As a more eco-friendly substitute to traditional synthetic adhesives, bioadhesives are quickly rising in favor. The rising need for eco-friendly products in sectors such as packaging, building, healthcare, and transportation is fueling expansion in the global bioadhesive market. Bio-based materials, such as adhesives, are gaining popularity as people become more aware of the impact their purchasing decisions have on the environment. Government restrictions on the use of harmful chemicals in adhesives have also contributed to the rise in popularity of bio-based adhesives. Bio adhesives find extensive use in the healthcare industry. They find widespread application in fields as diverse as medication delivery systems, tissue bonding, and wound closure. Increased demand for Bio adhesives can be attributed to both the growing number of people living with chronic illnesses and the development of cutting-edge medical technology.
But there are a number of obstacles in the way of the worldwide Bioadhesive market. The greater price of bio adhesives compared to their synthetic counterparts is a major obstacle. Although costs have been coming down, they nevertheless provide a considerable obstacle to widespread implementation, especially in sectors that are sensitive to price changes. Raw ingredients for Bio adhesive production are scarce, which is another difficulty. Supply chain and logistics challenges might arise during the acquisition and processing of natural materials. Furthermore, because to differences in raw material composition, it can be difficult to maintain constant quality and performance of Bio adhesives.
There is also rivalry from established synthetic adhesive makers in the bioadhesive sector. Synthetic adhesives continue to dominate the market despite the rising popularity of bio adhesives because of its lower price and greater accessibility. Despite these restraints, the worldwide bio adhesive market is forecast to expand at a healthy rate in the coming years. Bio adhesives are expected to see increased use across a wide range of industries due to technological developments and ongoing research & development activities aimed at enhancing their performance and cost-effectiveness. It is anticipated that the Bio adhesive market would expand in the next years as a result of rising consumer awareness of environmental sustainability and supportive government programs supporting eco-friendly products.
Critical Developments in the Market
The worldwide bio adhesive market is experiencing a substantial shift toward sustainable and environmentally friendly products. There has been a rise in demand for bio adhesives made from renewable materials as both consumers and businesses recognize the need of minimizing their environmental impact. Factors such as strict legislation, business environmental initiatives, and consumer awareness are driving this development.
One of the most important industries that is increasing its use of bio adhesives is the packaging business. Many types of packaging, including specialty packaging, flexible packaging, and laminating printed sheets, make use of bio adhesives. Bio adhesives are becoming increasingly popular in this industry as a result of the movement toward bio-based packaging materials and the subsequent push to lessen packaging's negative effect on the environment.
Report Coverage
Global Bioadhesive research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bioadhesive report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bioadhesive competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bioadhesive market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bioadhesive market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bioadhesive market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
3M (US), Ashland Global Holdings Inc. (US), Avery Dennison Corporation (US), Beardow Adams (UK), Bostik SA (France), Dow Chemical Company (US), Ecosynthetix Inc. (Canada), Evonik Industries AG (Germany), Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Huntsman Corporation (US), ITW Performance Polymers (US), Jowat SE (Germany), Paramelt B.V. (Netherlands), Sika AG (Switzerland), Södra (Sweden), The DOW Chemical Company (US), Valco Melton (US), Wisdom Adhesives Worldwide (US), Wacker Chemie AG (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bioadhesive market based on the below-mentioned segments:
Global Bioadhesive Market, By Source
Plant-based adhesives
animal-based adhesives
Global Bioadhesive market, By Application
Packaging and paper
construction
others
Global Bioadhesive market, Regional Analysis
Source Analysis
The market for adhesives derived from plants has grown to become the largest segment of the industry. Adhesives made from starch, soy, corn, and maize are becoming increasingly popular because of the low production costs and wide availability of these ingredients. The demand for plant-based adhesive varieties is bolstered by the growing interest in bio-based products among consumers. Meanwhile, adhesives made from animal parts including bone, glue, skin, and hooves are expected to make major inroads into many different application fields. Pipe organ construction, piano tuning, and antique restoration are just some of the specialized uses for these glues. However, the short shelf life and functional restrictions of animal-based adhesives are predicted to slow this market's expansion over the projected time frame.
Evaluation Through Use
The bio adhesives market was led by the packaging and paper industry, which generated 36.5% of total revenue in 2016. Printed sheet lamination, cigarette and filter lamination, flexible packaging, and speciality packaging are just a few of the many packaging applications that make heavy use of bio adhesives. During the projected period, this market segment is anticipated to be driven by the growing packaging and paper sector in emerging economies such as Asia Pacific and Latin America. The construction sector is now the second most important market for this technology. Pipes, cladding panels, waste management systems, and pavements are just some of the many construction components that benefit from the use of bio adhesives. Growth in this application area is anticipated, in large part because to the expanding building and infrastructure industries in developing economies in places like Asia Pacific, the Middle East, and Latin America.
There has been rapid development in the bioadhesive sector, and this trend is predicted to continue. As a more eco-friendly substitute to traditional synthetic adhesives, bioadhesives are quickly rising in favor. The rising need for eco-friendly products in sectors such as packaging, building, healthcare, and transportation is fueling expansion in the global bioadhesive market. Bio-based materials, such as adhesives, are gaining popularity as people become more aware of the impact their purchasing decisions have on the environment. Government restrictions on the use of harmful chemicals in adhesives have also contributed to the rise in popularity of bio-based adhesives. Bio adhesives find extensive use in the healthcare industry. They find widespread application in fields as diverse as medication delivery systems, tissue bonding, and wound closure. Increased demand for Bio adhesives can be attributed to both the growing number of people living with chronic illnesses and the development of cutting-edge medical technology.
But there are a number of obstacles in the way of the worldwide Bioadhesive market. The greater price of bio adhesives compared to their synthetic counterparts is a major obstacle. Although costs have been coming down, they nevertheless provide a considerable obstacle to widespread implementation, especially in sectors that are sensitive to price changes. Raw ingredients for Bio adhesive production are scarce, which is another difficulty. Supply chain and logistics challenges might arise during the acquisition and processing of natural materials. Furthermore, because to differences in raw material composition, it can be difficult to maintain constant quality and performance of Bio adhesives.
There is also rivalry from established synthetic adhesive makers in the bioadhesive sector. Synthetic adhesives continue to dominate the market despite the rising popularity of bio adhesives because of its lower price and greater accessibility. Despite these restraints, the worldwide bio adhesive market is forecast to expand at a healthy rate in the coming years. Bio adhesives are expected to see increased use across a wide range of industries due to technological developments and ongoing research & development activities aimed at enhancing their performance and cost-effectiveness. It is anticipated that the Bio adhesive market would expand in the next years as a result of rising consumer awareness of environmental sustainability and supportive government programs supporting eco-friendly products.
Critical Developments in the Market
The worldwide bio adhesive market is experiencing a substantial shift toward sustainable and environmentally friendly products. There has been a rise in demand for bio adhesives made from renewable materials as both consumers and businesses recognize the need of minimizing their environmental impact. Factors such as strict legislation, business environmental initiatives, and consumer awareness are driving this development.
One of the most important industries that is increasing its use of bio adhesives is the packaging business. Many types of packaging, including specialty packaging, flexible packaging, and laminating printed sheets, make use of bio adhesives. Bio adhesives are becoming increasingly popular in this industry as a result of the movement toward bio-based packaging materials and the subsequent push to lessen packaging's negative effect on the environment.
Report Coverage
Global Bioadhesive research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bioadhesive report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bioadhesive competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bioadhesive market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 3M (US), Ashland Global Holdings Inc. (US), Avery Dennison Corporation (US), Beardow Adams (UK), Bostik SA (France), Dow Chemical Company (US), Ecosynthetix Inc. (Canada), Evonik Industries AG (Germany), Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Huntsman Corporation (US), ITW Performance Polymers (US), Jowat SE (Germany), Paramelt B.V. (Netherlands), Sika AG (Switzerland), Södra (Sweden), The DOW Chemical Company (US), Valco Melton (US), Wisdom Adhesives Worldwide (US), Wacker Chemie AG (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bioadhesive Market from 2021 to 2030.
- Market Forecast for Bioadhesive Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bioadhesive competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bioadhesive
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bioadhesive market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bioadhesive market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
3M (US), Ashland Global Holdings Inc. (US), Avery Dennison Corporation (US), Beardow Adams (UK), Bostik SA (France), Dow Chemical Company (US), Ecosynthetix Inc. (Canada), Evonik Industries AG (Germany), Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Huntsman Corporation (US), ITW Performance Polymers (US), Jowat SE (Germany), Paramelt B.V. (Netherlands), Sika AG (Switzerland), Södra (Sweden), The DOW Chemical Company (US), Valco Melton (US), Wisdom Adhesives Worldwide (US), Wacker Chemie AG (Germany)
Primary Target Market
- Market Players of Bioadhesive
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bioadhesive market based on the below-mentioned segments:
Global Bioadhesive Market, By Source
Plant-based adhesives
animal-based adhesives
Global Bioadhesive market, By Application
Packaging and paper
construction
others
Global Bioadhesive market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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