According to the new market research report “Bioadhesives Market by Type (Plant based and Animal based), by Application (Paper& Packaging, Construction, Woodworking, Personal Care, Medical), Region (APAC, North America, Europe, Middle East & Africa, South America) – Global Forecast to 2025“, The global bioadhesive market size is projected to grow from USD 6.0 billion in 2020 to USD 9.7 billion by 2025, at a CAGR of 10.0%, during the forecast period.
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The bioadhesive applications are significantly penetrating the end-use industry markets. They have different characteristics as per their manufacturing and application requirements in the end products. The North American region is expected to dominate the global bioadhesive market with its growing demand in different application segments, especially packaging & paper and construction. APAC is a potential market and is projected to grow at the highest CAGR in the next five years, with the application industries expected to boost the overall business requirements in respective regions.
Plant-based adhesives are natural adhesives that are derived from organic sources, such as soy protein, starch (dextrin), and lignin. They are also referred to as green, renewable, sustainable, environmentally friendly, and bio-based adhesives. Bioadhesives find a wide range of applications in varied industries, such as woodworking, packaging, and construction.
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The global bioadhesives market size is projected to grow from USD 6.0 billion in 2020 to USD 9.7 billion by 2025, at a CAGR of 10.0% between 2020 and 2025. The global market for bioadhesives is witnessing high growth due to governmental regulations and policies to control environmental pollution and consumer awareness for biodegradable products. The growing use of bio-based products in end-use industries is also driven by the demand for high-quality biodegradable products, investment in the market, and government policies and subsidies. The major applications of bioadhesives are packaging & paper, construction, wood, personal care, and medical.
Environmental regulations & policies against the use of petrochemical-based adhesives, growth of biotechnology and innovations by market players, and continuous fluctuation in the price of crude oil are providing opportunities for the growth of the market. Stringent environmental regulations in Europe and North America are expected to boost market growth, which would offer growth opportunities to the manufacturers. There is growing awareness and acceptance of bioadhesives in the paper & packaging, construction, and woodworking industries.
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Henkel (Germany) was the leading company within the global bioadhesives market in 2019. It has a diversified product portfolio with several investments in product innovation. Its customers can choose from a wide variety of bioadhesive products. It has a strong network for distributing and manufacturing adhesives with more than 138 production sites to meet the changing demands of the bioadhesives industry, worldwide. Henkel’s R&D activities are focused on reducing resource consumption and increasing or improving performance. Furthermore, the company is incorporating the use of digitized technologies in its R&D activities. These initiatives taken by Henkel are expected to prove beneficial for its growth over the next few years. The company also continuously focuses on its organic growth.
DuPont de Nemours, Inc. (US) is a specialty chemicals company. DuPont was merged with the Dow Chemical Company (Dow) (US) in 2017 to form DowDuPont. However, in 2019, the Dow Company separated from DowDuPont and became more focused, streamlined, and one of the leading material science companies. After separation, DuPont operates through three consumer-driven segments, namely, Packaging, Infrastructure, and Consumer Care. DuPont is now in a better position to drive revenue growth and innovate products for its customers, leveraging three advantaged building blocks—ethylene, propylene, and silicones—to power one of the deepest chemistry sets in the industry. It operates in the market via four business segments, namely, Electronics & Imaging, Transportation & Industrial, Nutrition & Biosciences, and Safety & Construction. The company manufactures bioadhesives under the nutrition & biosciences segment. This segment manufactures various products, such as alginate, antimicrobials, dairy cultures, emulsifiers, dietary fibers, guar gum, and pectin. The company actively engages in R&D to improve product quality and provide new products to its clients.
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