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bioadhesives market

Bioadhesives Market Share, Size, Trends, Industry Analysis Report, By Type (Plant-based, Animal-based); By End-Use (Personal Care, Medical, Paper & Packaging, Construction, Others); By Region; Segment Forecast, 2021 - 2028

  • Published Date: Oct 2021
  • Pages: 132
  • Format: PDF
  • Report ID: PM2087
  • Base Year: 2020
  • Historical Data: 2016 - 2019

Report Summary

The global bioadhesives market size was valued at USD 5.98 billion in 2020 and is expected to grow at a CAGR of 10.1% during the forecast period. The demand for bioadhesives has increased due to increasing applications in medical, packaging, textile, furniture, and personal care products. Bioadhesives are usually biocompatible and are used for applications involving body tissues. Increasing industrialization, rapid urbanization, and rising investments in research and developments of sustainable materials have increased the adoption of bioadhesives. Increasing environmental concerns and stringent government regulations have encouraged market players to introduce bioadhesives to cater to the growing consumer demand.

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The COVID-19 outbreak has impacted the growth of the market. The market has experienced operational challenges, disruption of the supply chain, and workforce impairment. Manufacturing activities have been halted due to various government regulations across the globe. Industries such as construction, packaging, and woodworking have experienced a decline, thereby hampering the market growth. Post pandemic period, the industry aims to get back on the ground through government support and initiatives. Some trends expected to drive the market growth post-COVID-19 include the development of sustainable materials, research and technological innovation, and growing applications of bioadhesives.

Industry Dynamics

Growth Drivers
The increasing demand for bioadhesives from paper and packaging, personal care, electronics, and packaged food drives the growth of the market. The rising consumer awareness regarding the use of sustainable and biodegradable products, the introduction of stringent government regulations regarding emissions, and growing environmental pollution further increase the application of bioadhesives.

The growing adoption of bioadhesives in the medical and biotechnology sectors augments market growth. Other factors driving the market include increasing acceptance of sustainable packaging and greater efforts to promote recyclable packaging solutions. Growing demand from emerging economies and technological advancements is expected to create numerous growth opportunities in the coming years.

The product is increasingly being used in the healthcare sector for wound healing, sutureless surgery, transdermal drug delivery, and prevention of fluid escape. Healthcare facilities are adopting them as tissue sealants, hemostatic agents, and tissue adhesives to reduce the complexities of surgeries. It also finds application in skin-bonded monitoring devices and dental procedures.

External bioadhesives are utilized in topical medications, which include epidermal grafting and wound closure, whereas internal bioadhesives are in contact with the internal environment of the body for chronic organ leak repair and reduction of bleeding complications. Several research studies are being undertaken to develop new biomaterials and products to offer enhanced healthcare services to patients.

Report Segmentation

The market is primarily segmented on the basis of type, end-use, and region.

By Type

By End-Use

By Region

  • Animal-based
  • Plant-based
  • Personal Care
  • Medical
  • Paper & Packaging
  • Construction
  • Others
  • North America (U.S., Canada)
  • Europe (Germany, UK, France, Italy, Spain, Netherlands, Austria)
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, South Africa, Israel, UAE)

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Insights by Type

On the basis of type, the market is segmented into animal-based and plant-based. The plant-based bioadhesives segment accounts for a significant share of the global market. These adhesives are developed from natural sources such as forestry and agricultural waste.

They are increasingly being used as they are petrochemical-free and have very low formaldehyde emissions. The increasing focus on sustainable solutions and the growing need for eco-friendly adhesives have increased the demand for the plant-based segment. The rising environmental concerns necessitate the use of the plant-based product, supporting the growth of the industry.

Insights by End-Use

On the basis of the end-use industry, the market is segmented into personal care, medical, paper & packaging, construction, and others. The demand from the paper and packaging sector is expected to be high during the forecast period. Consumers are spending more time ‘on-the-go, and the demand for street food, healthy snacks, and quick breakfasts have led to the rise in demand for sustainable packaging solutions.

Brands operating in this segment are focusing on offering sustainable packaging solutions which are easy to carry, flexible, and eco-friendly. Growing demand from emerging economies, rising consumer spending, and the expansion of e-commerce platforms are all expected to provide numerous opportunities for growth in the coming years

Geographic Overview

The demand for bioadhesives is expected to increase from Asia-Pacific during the forecast period due to increasing population, growth in the food & beverages, personal care sectors, and industrialization. The significant investments by producers in environmental protection and restrictions regarding petrochemical-based adhesives support the industry growth.

Increasing the application of bioadhesives in applications such as paper and packaging and construction boosts the adoption of bioadhesives in the region. Increasing demand for sustainable solutions coupled with policies against the use of non-biodegradable materials boosts the market growth of bioadhesives in the region.

Competitive Landscape

The leading players in the bioadhesives market include Arkema S.A., Merck KGaA, Beardow Adams Group, Jowat SE, DuPont de Nemours, Inc., Ingredion Incorporated, Tate & Lyle PLC, Bioadhesive Alliance Inc., Henkel AG & Company, CryoLife Inc., Paramelt BV, Everis Group, EcoSynthetix Inc., Ashland Global Holdings Inc., and Columbia Laboratories, Inc.

These companies are introducing new innovative products in the market to cater to the growing consumer demands. Partnerships and acquisitions further enable these companies to enhance their offerings and expand their geographic presence.

Bioadhesives Market Report Scope

Report Attributes

Details

Market size value in 2020

USD 5.98 billion

Revenue forecast in 2028

USD 11.14 billion

CAGR

10.1% from 2021 - 2028

Base year

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Segments covered

By Type, By End-Use, By Region

Regional scope

North America Europe Asia Pacific Latin America; Middle East & Africa

Key companies

Arkema S.A., Merck KGaA, Beardow Adams Group, Jowat SE, DuPont de Nemours, Inc., Ingredion Incorporated, Tate & Lyle PLC, Bioadhesive Alliance Inc., Henkel AG & Company, CryoLife Inc., Paramelt BV, Everis Group, EcoSynthetix Inc., Ashland Global Holdings Inc., and Columbia Laboratories, Inc.

Key Take-Away
Polaris Market Research
Bioadhesives Market | 2021 - 28 | Global Industry Share Report