Growth of Biotechnology and Innovation to Drive the Global Bio-Adhesives Market
The Global Bio-Adhesives Market size was valued at USD 6.84 billion in 2020 and is projected to reach USD 16.07 billion by 2028, growing at a CAGR of 11.27% from 2021 to 2028.
Bioadhesives are naturally occurring polymeric materials with adhesive properties and binding ability in the biological environment. Organic substances such as starch, gelatine, or cellulose, tend to do this. Bioadhesives are very common because of their natural environment and are now more popular than synthetic adhesives. These adhesives are widely used in end-to-end industries, including manufacturing, packaging and paper, wood, and medicine.
The use of bioadhesives against conventional competing products is driven by great demand from end-users, environmental guidelines for specifically renewable or bio-based products, the growing volatility between petrochemical feedstock, among other factors. Bioadhesives are gaining worldwide attention, as a result of assembly production and the use of bio-based ingredients in adhesive production. This is an effective replacement for synthetic adhesives in applications, such as paper & packaging, construction, personal care, woodworking, and medical. Developing countries in the APAC region, such as China and India, are estimated to increase demand for health care products due to growing awareness about health issues. COVID-19 is an unprecedented global medical emergency that affects almost every industry, and therefore, long-term outcomes are expected to contribute to industry growth during forecasting. Our ongoing research strengthens our research framework to ensure the inclusion of COVID-19 issues and potential alternatives.
The European market is driven by demand from countries such as Germany, France, and the UK. Other major buyers include Italy, Spain, Sweden, Switzerland, Finland, Russia, and Turkey. Major manufacturers, such as Henkel Corporation (Germany), Paramelt B.V. (Netherlands), and Yparex, produce different marks for sticking to bio content. The paper and packaging application includes labels, bags, and disposable items, and envelopes, sheets of laminate, boxes, and removable products. Bioadhesives based on protein starch, dextrin, and other raw adhesives are used to assemble a wide variety of consumer products, including packaging materials for food boxes or packets, envelopes and paper bags, and more.
The region has seen industrialization and declining production in labor-intensive production sectors, which has contributed to the demand for bioadhesive metals. The market throughout Europe is growing as a result of the increase in end-of-life industries. There is a growing demand for packaging and construction products throughout Europe, increasing the market for bioadhesives.
The emergence of a global market for bioadhesives is driven by a number of factors, such as increased vigilance on sustainability and raw materials and consumer preferences in environmentally friendly products. The global chemical market makes money on bio-based chemicals and presses manufacturers to create products that do not have VOCs. Therefore, the current market demand provides ample room for the growth of environmentally friendly products in the chemical and materials market. There is also a growing demand for environmentally friendly or green materials, which provides an opportunity for the development of green and sustainable adhesive solutions. Green adhesive solutions are made of bio-based materials, recyclable, recycled, recycled, or decomposed; are not environmentally friendly, and provide health benefits to residents.
The production of bioadhesives requires advanced formulations and new technologies. The R&D costs involved in developing bio-based products are high associated with other adhesive materials. Younger players can create strategies and come up with new products, although it is a big challenge for them to market products within the global competitive market. Leading companies already provide high-quality adhesive products and specialized technical services to their customers. New technologies involved in the production of bioadhesives provide a stable value to adherent manufacturers and consumers.
Some of the major players operating in the Global Bio-Adhesives Market are Adhesives Research, Inc., Arkema, Ashland Global Holdings Inc., Beardow Adams, Camurus, DuPont de Nemours, Inc., Henkel AG, Jowat SE, Paramelt BV, and U.S. Adhesives, among others.