Bioadhesives Market Size, Growth Industry Forecast 2022, 2028

The bioadhesives market was valued US$ 700 million in 2022, it is estimated to grow at a CAGR of 7.5% between 2022 and 2028.

Bioadhesives are naturally occurring polymeric materials that possess adhesive characteristics and can adhere to biological surfaces. These substances include glues created by using biological intermediates, such as starch, cellulose, and gelatin. Bioadhesives are preferred over synthetic adhesives owing to its environment-friendly nature. These adhesives find their application in several end-use industries, including wood, packaging & paper, construction, and medical. Bioadhesives are easily decomposed, which results in less exposure to atmosphere and thus helps in avoiding pollution problems. This factor bolsters the bioadhesives market growth.

MARKET DYNAMICS

The bioadhesives market witnesses significant growth owing to factors such as rising investments of manufacturers in biotechnology and innovations and growing demand for bioadhesives for various applications such as packaging, woodworking, cosmetics, etc. Furthermore, regulations imposed on the use of petrochemical-based adhesives are expected to boost the utilization of bioadhesives in the coming years. However, high production cost and complex product manufacturing process hinder the market growth. On the other side, the increasing demand for environmental-friendly products is expected to become the primary trend in the bioadhesives market during the forecast period.

MARKET SCOPE

The "Global Bioadhesives Market Forecast to 2028" report aims to provide an overview of the bioadhesives market with detailed market segmentation based on type and application. The report provides key statistics based on the performance of the leading market players. It also offers key trends and opportunities in the market.

Strategic Insights

MARKET SEGMENTATION

The global bioadhesives market is bifurcated on the basis of type and application. Based on type, the market is segmented into plant based and animal based. By end use, the market is segmented into paper & packaging, construction, woodworking, personal care, medical, and others.

REGIONAL FRAMEWORK

The global bioadhesives market is segmented into five major regions—North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America. The report covers the analysis and forecast of 18 countries globally along with trends and opportunities prevailing in the region.

From the regional perspective, North America dominates the bioadhesives market. The regional market growth is majorly driven by the presence of a large number of bioadhesives manufacturers and the high adoption rate of bioadhesives. Ashland Global Holdings Inc.; Cryolife Inc; E.I. Dupont De Nemours, Inc; and Ecosynthetix Inc. are among the key bioadhesives manufacturers in the region. These suppliers witness constant demand from end-use industries. The below figure shows the revenue growth trend in the bioadhesives market:

Get more information on this report : Request Free Sample PDF

The report analyzes factors, such as drivers, restraints, opportunities, and future trends, which impact the bioadhesives market. It also provides exhaustive Porter's five forces analysis of the factors influencing the market.

IMPACT OF COVID-19 PANDEMIC

Due to the COVID-19 pandemic, disruptions in the global supply chain adversely affected the manufacturing processes, delivery schedules, and various goods sales. Therefore, chemical & materials, construction, and many industries faced unprecedented challenges. Decline in the growth of several industrial sectors hindered the bioadhesives market. Many production sites were partially or fully closed to control the spread of SARS-CoV-2 infection. The COVID-19 pandemic caused fluctuations in the prices of bioadhesives due to huge gap in supply and demand. However, since 2021, industries such as packaging and construction have been growing significantly, and the growth trend is foreseen to continue over the years. This would propel the consumption of bioadhesives, thereby likely to bolster the market growth during the forecast period.

MARKET PLAYERS

The report covers key developments in the bioadhesives market. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Acquisitions, partnerships, and collaborations are among the inorganic growth strategic activities witnessed in the market. These activities have paved way for the expansion of business and customer base of market players. The players operating in the bioadhesives market are anticipated to experience lucrative growth opportunities in the future owing to the rising demand for bioadhesives. 
The report also includes the profiles of key bioadhesives market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players’ information such as company profiles, components and services offered, financial information of last three years, and key development in past five years. Below mentioned is the list of a few companies engaged in the bioadhesives market.

•  Ashland Global Holdings Inc.
•  Cryolife Inc
•  E.I. Dupont De Nemours, Inc
•  Ecosynthetix Inc.
•  Henkel AG & Company, KGaA
•  Ingredion Incorporated
•  Kollodis Biosciences, Inc
•  Premier Starch Products Pvt. Ltd
•  Tate & Lyle
•  Wisdom Adhesives Worldwide

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Get more information on this report : Request Free Sample PDF