Bioadhesives Market worth $9.7 billion by 2025, at a CAGR of 10.0 %, says MarketsandMarkets™
Chicago, Feb. 02, 2024 (GLOBE NEWSWIRE) — 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% during the forecast period, as per the recent study by MarketsandMarkets™. Bioadhesives are natural polymeric materials that act as adhesives. They are of high molecular weight, biocompatible, biodegradable polymers, with natural content as ingredients. They offer notable performances in bonding and have potential applications in industrial as well as commercial high-tech applications.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16386893
Browse in-depth TOC on “Bioadhesives Market”.
230 – Market Data Tables
59 – Figures
236 – Pages
List of Key Players in Bioadhesives Market:
- Henkel AG & Company
- KGaA (Germany)
- DuPont de Nemours, Inc., (US)
- Arkema (Bostik SA) (France)
- Ashland Global Holdings Inc. (US)
- Beardow Adams Group (England)
- Paramelt BV (Netherlands)
- Jowat SE (Germany)
- Ingredion Incorporated (US)
- EcoSynthetix Inc. (Canada)
- Tate & Lyle PLC (UK)
Drivers, Opportunities and Challenges in Bioadhesives Market
- Drivers: Increasing regulations & policies against use of petrochemical-based adhesives
- Restraint: Competition from substitutes
- Opportunity: Increasing demand for environmentally friendly products
- Challenge: Advanced technological know-how
Key Findings of the Study:
- The plant-based segment is expected to account for the larger share of the bioadhesives market, by type, during the forecast period.
- The medical segment is estimated to be the fastest-growing application industry in the bioadhesives market during the forecast period.
- Bioadhesives market in APAC is expected to register the highest CAGR during the forecast period.
They can be derived directly from plant as well as animal sources. Animal-based adhesives are derived from organic sources, such as the casein (milk protein), collagen (gelatin), and hide-based animal glues (bovine & porcine hides). Plant-based adhesives are natural adhesives that are derived from organic sources, such as soy protein and starch (dextrin).
Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=16386893
Based on type, the plant-based segment is estimated to account for the larger share during the forecast period. Biodegradable and biological plant-based renewable resources are being used as replacement for petro-based raw materials for manufacturing adhesives. The companies using bio-based ingredients are expected to come up with technological advancement in the future, to cater to the increasing demand for adhesives in various vertical industries. The increased demand from the end consumers and the environmental regulation for environmentally friendly products is on rise, which is pushing the manufacturers to produce bio-based products. Paper & packaging, woodworking, personal care, and medical are the major applications of plant-based adhesives.
Based on application, paper & packaging is estimated to account for the largest bioadhesives market share during the forecast period. This application is the most developing segment for bioadhesives; it has to deal not only with changing technology, but also with the materials used. Several traits for packaging comprise performance, binding strength, elasticity, and durability, which must have to fit in with the use of natural, renewable, recyclable, and biodegradable adhesives in the packaging application. The important application of bioadhesives is in food packaging, as it contains mixtures of mineral oil.
The APAC bioadhesives market is projected to register the highest CAGR during the forecast period. China is expected to be the largest bioadhesives market in APAC. The demand for bioadhesives in APAC is mainly driven by Japan, where JAIA (Japan Adhesive Industry Association) regulates and controls the use of adhesive manufacturing in this country. In other Asian countries, such as India and China, there are few or no environmental regulations regarding the use of synthetic adhesives. The bioadhesives market is driven mainly by end-use industries, and their demand for better quality and environmentally friendly products in different industrial applications, such as paper & packaging, construction, woodworking, personal care, and medical, creates big opportunities for the global bioadhesive manufacturers.
Get Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=16386893
As compared to North America and Europe, there are very few adhesives’ companies producing bioadhesives in APAC. Moreover, the availability of cheap raw materials and labour coupled with significant domestic demand, makes this region the most attractive for industry participants. Major players such as Arkema (France) and Jowat SE (Germany), have framed their strategies to penetrate and create bases in the emerging markets of APAC.
Browse Adjacent Market: Chemicals Market Research Reports & Consulting
- Stretch Sleeve & Shrink Sleeve Labels Market
- Medical Adhesives Market
- Paper & Paperboard Packaging Market
- Self-Adhesive Labels Market
- Anti-counterfeit Packaging Market
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: email@example.com
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.