PUBLISHER: Industry Experts | PRODUCT CODE: 1289075
PUBLISHER: Industry Experts | PRODUCT CODE: 1289075
The demand for Bioadhesives has been growing significantly, owing primarily to the fact of their natural origin, and also because of their range of applications as substitutes to regular synthetic adhesives. Regulatory agencies across the globe have mandated strict rules against the uncontrolled use of petroleum-derived products because of serious ecological consequences. Hence, there has been a manifest shift towards using natural resources as materials in a variety of application areas, to which end Bioadhesives are also a part.
Despite being used for centuries as general-purpose adhesives by various cultures and civilizations, the importance of Bioadhesives as an effective and eco-friendly alternative to petroleum-derived adhesives has been realized over the past few decades.
Paper & Packaging applications dominate the global demand for Bioadhesives which is accounted estimated share of 45.3% in 2022 and is projected to reach US$7.8 billion by 2029. Overall, it can be said that the market for Bioadhesives will maintain a steady growth over the 2022-2029 analysis period because of a range of factors in favor of these innovative materials.
The report reviews, analyzes and projects the global Bioadhesives market for the period 2020-2029 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2022 through 2029.