PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1565791
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1565791
The bioadhesives market size is projected to reach USD 14.60 billion by 2029 at a CAGR of 8.6% from USD 9.65 billion in 2024. Europe is estimated to account for the largest share in terms of value of the bioadhesives in 2024.
Scope of the Report | |
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Years Considered for the Study | 2021-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million/Billion) |
Segments | By Type, Product Type, Application, and Region |
Regions covered | North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Bioadhesives offer strong bonding and flexible solutions for diverse industrial applications. The growing need for biodegradable and eco-friendly adhesives in cutting-edge technologies and applications is a major driver of this expansion. These adhesives are derived from natural and renewable resources. They provides sustainable alternative to minimize environmental impact. This natural composition of bioadhesives allowa them to address the need for green solutions in the sectors such as construction, woodworking, medical, and personal care.
"The Germany, by country is forecasted to be the fastest growing bioadhesives market in th Europe during the forecast period."
Because of the robust industrial infrastucure, stringent regulatory standards, and significant investments in green technology, Germany is quickly emerging as the bioadhesives market with the highest growth rate. Bioadhesives offer non-toxic, strong bonding, and biodegradable properties, meeting the demand of Germany's paper & packaging, woodworking, and construction industries for efficient and cost saving adhesive solutions. Germany possesses a strong research and development infrastructure that propels advancements in the adhesive technology and materials. The need for bioadhesives is further driven by the increased emphasis on sustainability and lowering manufacturing costs. This confluence of market demand, technology development, and and supportive policies positions the Germany as a leader in this manufacturing segment.
"Asia Pacific is likely to account for the second largest share of bioadhesives market in terms of value."
Asia Pacific is the second-largest market for bioadhesives, due to its advanced industrial infrastructure, strong consumer markets, and increased demand for specialist applications. The established paper & packaging and medical sectors in the region play a major role in driving demand for bioadhesives. These adhesives are used in the paper & packaging industry in labelling, lamination, and packaging applications, and in the medical industry, they play a vital role in medical device bonding and surgical applications. The need for high-performance bioadhesives is further fueled by the numerous leading manufacturers and technology companies in Asia Pacific, which are focusing on innovative, environment friendly solutions to improve sustainability and to reduce the manufacturing cost.
Moreover, bioadhesives offer a viable solution as the companies in Asia Pacific region focuses on reducing their environmental footprint and meeting stringent regulatory requirements. The combination of economic growth, regulatory support, and evolving consumer preferences is positioning Asia-Pacific as a dominant player in the global bioadhesives market.
The key companies profiled in this report are Henkel AG & Co. KGaA (Germany), DuPont de Nemours, Inc. (US), Arkema (France), H.B. Fuller Company (US), Ingredion Incorporated (US), Jowat SE (Germany), Paramelt RMC B.V. (Netherlands), EcoSynthetix Inc. (Canada), Primient (US), Danimer Scientific (US), The Compound Company (Netherlands), Premier Starch Products Pvt. Ltd (India), Weiss Chemie + Technik GmbH & Co. KG (Germany), Avebe (Netherlands), U.S. Adhesives, Inc. (US), and Follmann GmbH & Co. KG (Germany).
The bioadhesives market has been segmented based on product type (natural, and synthetic), by Type (plant-based, animal-based), by Application (paper & packaging, construction, woodworking, medical, personal care, and other applicaions), and by Region (Europe, Asia Pacific, North America, Middle East & Africa, and South America).
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall bioadhesives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.