Bio-Adhesives Market Projected To Reach About USD 9.80 Billion by 2032

According to the report published by Zion Market Research, global Bio-Adhesives Market, estimating its value at USD 6.78 Billion in 2023, with projections indicating that it will reach USD 9.80 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.17% over the forecast period 2024-2032. The global bio-adhesives market is extremely patchy in nature and is typified by the existence of small-scale as well as large-scale firms like Henkel, Ashland, Arkema SA, Ecosynthetix Inc., and Dow Chemical Company. Few other prominent players active in the market comprise Yparex B.V., 3M Company, Bioadhesive Alliance Inc., Danimer Scientific LLC., and Cryolife Inc. These contenders are engaged in wide-ranging product innovation and research & development activities to broaden the application extent and penetrate regional markets.

The Expansion Of Application Industries To Surge The Demand For Bio-adhesives

The global bio-adhesives market growth is primarily driven by the expansion of application industries, like construction, paper & packaging, medical, and woodworking. A worldwide swing in trend to bio-based products on account of rising alertness among customers is anticipated to stay a key market propelling factor. Further, rising inclination toward sustainable packaging, together with growing consciousness about bio-based adhesives within the packaging industry, is also projected to drive market growth. Moreover, rising inflow in applications like cigarettes & filters, printed sheets lamination, specialty packaging, and flexible packaging are anticipated to boost product demand in the coming period.

Based On Application, Medical Segment Projected To Witness Rapid Growth In Coming Years

The requirement for healthcare services and products has vastly escalated as a result of the rising population along with alertness about the advantages of the bio-based products. For instance, these adhesives are included in healthcare product formulations to be utilized in drug delivery systems that enable the assimilation of medicines to biological parts, such as body tissues. Furthermore, bio-adhesives are suitable to be used in biomedical applications that entail body tissue or skin. Thereby, the rising usage of bio-adhesives within the medical segment is projected to propel the growth of the global bio-adhesives market during the forecast period.

Based On Type, Plant-Based Segment Estimated To Grab Major Market Share

Plant-based adhesives are naturally obtained adhesives from organic resources, like starch (dextrin), lignin, and soy protein. Also, they are signified as renewable, green, environmentally-friendly, sustainable, and bio-based adhesives. They have a broad array of applications in a number of industries, like packaging, construction, and woodworking.

During The Forecast Period, Asia Pacific Is Anticipated To Lead The Global Market

Asia Pacific is anticipated to witness considerable growth in the bio-adhesives market during the forecast period. This can be attributed to the remarkable expansion witnessed in the bio-adhesives market within China as a result of the escalated biodegradable product export to Europe, North America, and other developed nations where the level of wakefulness for sustainability among the customers is high. Further, the key regional firms have scaled up their production abilities of biodegradable adhesives that are driving the manufacturing of bio-adhesives in China.

Browse the full “Bio-Adhesives Market Type (Plant Based Adhesives, Animal Based Adhesives), Application (Medical, Wood, Packaging & Paper, Construction, Personal Care, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/bio-adhesives-market

The global bio-adhesives market is segmented as follows:

By Type:

• Plant based
• Animal based

By Application:

• Paper & Packaging
• Construction
• Woodworking
• Personal Care
• Medical
• Others (including footwear)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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