Global Bioadhesives Market Size, Share, and COVID-19 Impact Analysis, By Source (Plant-based and Animal-based), By End Use (Paper & Packaging, Construction, Woodworking, Personal Care & Cosmetics, Medical, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
Industry: Chemicals & MaterialsGlobal Bioadhesives Market Insights Forecasts to 2033
- The Global Bioadhesives Market Size was estimated at USD 4.6 Billion in 2023
- The Market Size is Expected to Grow at a CAGR of around 9.01% from 2023 to 2033
- The Worldwide Bioadhesives Market Size is Expected to Reach USD 10.9 Billion by 2033
- Asia Pacific is expected to grow the fastest during the forecast period.
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The Global Bioadhesives Market Size is anticipated to exceed USD 10.9 Billion by 2033, growing at a CAGR of 9.01% from 2023 to 2033. The growing improvement in bioadhesive formulations and their enhanced performance are driving the market for bioadhesives.
Market Overview
The bioadhesives market refers to the industry that produces and sells adhesives derived from natural and synthetic materials. These materials bond to living tissue and are used in various medical and surgical applications. They are involved in cell-to-cell adhesion, adhesion between living and non-living parts of an organism, and adhesion between an organism and foreign surfaces. The growing need for bioadhesives in various applications, such as paper and packaging, construction, medicine, woodworking, and personal care, is expanding the market. New and improved solutions that are very effective have been introduced to the market due to enhanced formulations. Other factors driving market expansion include the rise in building projects and the need for environmentally and biodegradably friendly adhesive solutions. The sifting consumer preference for environmentally friendly products along with the growing awareness about sustainability and greener products are offering lucrative market growth opportunities for bioadhesives.
Report Coverage
This research report categorizes the bioadhesives market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the bioadhesives market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the bioadhesives market.
Global Bioadhesives Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023 : | USD 4.6 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 9.01% |
2033 Value Projection: | USD 10.9 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 111 |
Segments covered: | By Source, By End Use and By Region |
Companies covered:: | Henkel AG & Company KGaA, DuPont De Nemours Inc, Arkema SA, Ashland Global Holdings Inc, Beardow Adams Group, eBay Inc., Paramelt BV, Jowat SE, Ingredion Incorporated, EcoSynthetix Inc, Tate & Lyle PLC, Others, |
Pitfalls & Challenges: | COVID-19 Impact, Challenges, Future, Growth and Analysis |
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Driving Factors
The implementation of regulations that necessitate the usage of bio-based materials owing to the rising environmental concerns is driving the bioadhesives market. The upsurging usage of naturally derived adhesives for packaging owing to technological advancement and R&D in the biotechnology industry is propelling the market growth for bioadhesives.
Restraining Factors
The competition for bioadhesives with the less expensive and more straightforward produced substitutes is challenging market growth.
Market Segmentation
The bioadhesives market share is classified into source and end use.
- The plant-based segment dominated the market with a revenue share of 70.7% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the source, the bioadhesives market is classified into plant-based and animal-based. Among these, the plant-based segment dominated the market with a revenue share of 70.7% in 2023 and is expected to grow at a significant CAGR during the forecast period. Plant-based bioadhesives are made from renewable plant materials like starch, cellulose, and vegetable oils and are a more sustainable alternative to traditional adhesives made from petroleum. The widespread use of plant-based bioadhesives as they are petrochemical-free and contain very low formaldehyde emissions is responsible for driving the market growth.
- The paper & packaging segment dominated the market with a revenue share of 35.0% in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end use, the bioadhesives market is classified into paper & packaging, construction, woodworking, personal care & cosmetics, medical, and others. Among these, the paper & packaging segment dominated the market with a revenue share of 35.0% in 2023 and is anticipated to grow at a significant CAGR during the forecast period. In paper & packaging applications, bioadhesives are used to bond paper fibers, attach labels and stickers, seal boxes and bags, and laminate different packaging materials. The widespread use of bioadhesives in applications such as specialty packaging, bags, cartons, filters, flexible packaging, disposables, envelopes, and laminating printed sheets is expected to drive the market.
Regional Segment Analysis of the Bioadhesives Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold the largest share of the bioadhesives market over the predicted timeframe.
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North America is anticipated to hold the largest share of the bioadhesives market over the predicted timeframe. The ever-increasing need for bioadhesives in various applications such as packaging & paper, construction, and healthcare is driving the market demand. The increasing focus on sustainability and stringent environmental regulations owing to the awareness about the harmful effects of synthetic adhesives leads to drive the market demand for bioadhesives.
Asia Pacific is expected to grow at the fastest CAGR growth of the bioadhesives market during the forecast period. The increasing need for bioadhesives in the packaging, medical, woodworking and personal care sectors as a sustainable alternative is driving the market demand for bioadhesives. With the increasing innovation in the bioadhesives industry, the growing focus on building capability on new products offering better characteristics and decreased production costs are propelling the market growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the bioadhesives market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Henkel AG & Company KGaA
- DuPont De Nemours Inc
- Arkema SA
- Ashland Global Holdings Inc
- Beardow Adams Group
- eBay Inc.
- Paramelt BV
- Jowat SE
- Ingredion Incorporated
- EcoSynthetix Inc
- Tate & Lyle PLC
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In May 2023, H.B. Fuller Company, the biggest pureplay adhesives company in the world, acquired Beardow Adams, a UK-based family-owned business that has grown since its establishment in 1976 into a proven multinational industrial adhesive manufacturer, with customers in more than 70 countries.
- In October 2023, DuPont announced the introduction of its new DuPont Liveo MG 7-9960 Soft Skin Adhesive. The higher-adhesion, low-cyclics silicone soft skin adhesive (SSA) is designed for advanced wound care dressings and adhering medical devices to the skin for long wear time and gentle removal.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the bioadhesives market based on the below-mentioned segments:
Global Bioadhesives Market, By Source
- Plant-based
- Animal-based
Global Bioadhesives Market, By End Use
- Paper & Packaging
- Construction
- Woodworking
- Personal Care & Cosmetics
- Medical
- Others
Global Bioadhesives Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- 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 the Middle East & Africa
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