According to the latest report by IMARC Group, titled “Bioadhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global bioadhesive market size reached US$ 2.5 Billion in 2022. Bioadhesive is the specialized type of adhesive that has the ability to adhere to biological surfaces, such as tissues, skin, or mucous membranes. It is designed to create strong bonds with biological substrates, making it invaluable in various medical and pharmaceutical applications. It offers several advantages, including their biocompatibility, biodegradability, and non-toxic nature, which makes it suitable for use in medical devices, drug delivery systems, and tissue engineering. It is widely used in wound closure and surgical procedures, where it can effectively seal wounds and promote healing without the need for sutures or staples. It also provides a more comfortable and less invasive solution for patients, reducing the risk of infection and scarring. Additionally, it is utilized in drug delivery, as they can be used to attach therapeutic agents directly to targeted tissues or organs, enabling sustained and localized drug release.
Global Bioadhesive Market Trends:
The increasing awareness and adoption of bio-based and eco-friendly products in various industries is driving the global market. Bioadhesives, being derived from renewable resources such as plants, animals, and microorganisms, are considered more environmentally friendly compared to conventional petroleum-based adhesives, which has led to a growing demand for bioadhesive solutions. Furthermore, stringent environmental regulations and policies imposed by governments across the globe have accelerated the adoption of sustainable adhesive solutions. As traditional adhesives are associated with harmful volatile organic compounds (VOCs) and other environmental concerns, industries are shifting towards bioadhesives to comply with these regulations and reduce their carbon footprint. Additionally, research and development efforts in the field of bioadhesives have led to continuous advancements, improving their performance, and expanding their potential applications. These innovations have increased the interest of various industries, leading to increased investments and market growth. Looking forward, the market value is projected to reach US$ 5.5 Billion by 2028, expanding at a CAGR of 13.78% during 2023-2028.
- Based on the type, the market has been segmented into plant-based and animal-based. Currently, the plant-based represents the largest market segment.
- On the basis of the end-use, the market has been divided into paper and packaging, construction, wood, personal care, healthcare, and others. Among these, paper and packaging exhibit a clear dominance in the market.
- Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Among these, Europe holds the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players being Henkel Corporation, Dow Chemical Company, Ashland, Inc., Adhesives Research, Inc., and EcoSynthetix.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|End Uses Covered
||Paper and Packaging, Construction, Wood, Personal Care, Healthcare, Others
||North America, Asia Pacific, Europe, Latin America, Middle East and Africa
||Henkel Corporation, Dow Chemical Company, Ashland, Inc., Adhesives Research, Inc., and EcoSynthetix
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