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The global bioadhesive market reached a value of US$ 2.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.81 Billion by 2027, exhibiting at a CAGR of 13.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Bioadhesives refer to natural polymeric materials with adhesive properties or glues that are made up of biological intermediates such as gelatin, starch, or cellulose. They are widely used to bind different materials together and resist their separation under various circumstances. They are also utilized in cell-to-cell adhesion, adhesion between an organism and foreign surfaces, and adhesion between living and non-living parts of an organism. They have rapidly gained traction as an alternative to traditional synthetic adhesives due to their environment-friendliness, sustainability, and cost-effectiveness. As a result, bioadhesives find extensive applications across numerous industries, including medical, packaging and paper, construction, wood, and personal care.
Bioadhesive Market Trends:
The increasing applications of bioadhesives across various end use sectors represent the primary factors driving the market growth. For instance, in the healthcare industry, bioadhesives are rapidly replacing conventional invasive wound closure methods, such as surgical sutures, staples, and wires, due to their antibacterial, antioxidant, anti-inflammatory, better wound healing, and leakage protection properties. Besides this, they are also employed for skin-bonded monitoring devices, wound care dressing, and transdermal drug delivery. Additionally, with the growing environmental consciousness among the masses, there has been a significant shift toward bio-based products. Along with this, the widespread adoption of bioadhesives for specialty packaging, flexible packaging, printed sheets lamination, and cigarettes and filters is augmenting the product demand. Moreover, the implementation of stringent regulations regarding synthetic adhesives and several favorable initiatives undertaken by the government of various nations to promote the use of eco-friendly products are propelling the market growth. Furthermore, the leading players are heavily investing in research and development (R&D) activities to launch innovative bioadhesive variants to expand their product portfolio and attract more customers. Other factors, including the escalating demand for sustainable packaging, the rising popularity of plant-based adhesives, easy availability of raw materials, and increasing construction and renovation activities, are also creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bioadhesive market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on product and end use.
Breakup by Product:
Breakup by End Use:
Breakup by Region:
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key global players being Henkel Corporation, Dow Chemical Company, Ashland, Inc., Adhesives Research, Inc., and EcoSynthetix.
The global bioadhesive market was valued at US$ 2.18 Billion in 2021.
We expect the global bioadhesive market to exhibit a CAGR of 13.9% during 2022-2027.
The changing consumer inclination from traditional synthetic adhesives towards their eco-friendly,
sustainable, and cost-effective alternatives, is primarily catalyzing the global bioadhesive market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of various manufacturing units and
supply chain disruptions of bioadhesives.
Based on the end-use, the global bioadhesive market can be segmented into paper and packaging,
construction, wood, personal care, healthcare, and others. Among these, the paper and packaging
industry currently holds the majority of the total market share.
On a regional level, the market has been classified into Europe, North America, Asia Pacific, Middle East
and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global bioadhesive market include Henkel Corporation, Dow Chemical
Company, Ashland, Inc., Adhesives Research, Inc., and EcoSynthetix.
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