Bioadhesives Market, By Type, By Application, By End-User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Bioadhesives Market size was valued at USD 9,680.87 Million in 2023, expanding at a CAGR of 8.74% from 2024 to 2032.
The Bioadhesives Market encompasses environmentally friendly adhesives derived from natural sources, such as plant-based materials and proteins, used in various applications including packaging, construction, and automotive industries. Growing consumer awareness regarding sustainability and the environmental impact of synthetic adhesives has fueled market demand; for instance, in 2021, the global demand for bioadhesives reached approximately 1.5 million tons, reflecting a shift towards eco-friendly alternatives. Furthermore, stringent regulations concerning the use of hazardous chemicals in adhesives are prompting manufacturers to adopt bio-based products. However, challenges like limited performance compared to traditional adhesives and higher production costs may restrain market growth. Opportunities lie in the increasing investments in research and development for innovative bioadhesives that meet industry standards and performance requirements. Additionally, the rise in industries such as packaging and construction that prioritize sustainable practices presents a favorable landscape for bioadhesive adoption, with companies exploring partnerships and collaborations to enhance product offerings and expand their market presence.
Bioadhesives Market- Market Dynamics
Growing Consumer Awareness of Sustainability Fuels Demand for Bioadhesives in Diverse Industries
As consumer awareness of sustainability grows, industries are increasingly turning to bioadhesives to reduce their environmental footprint. Bioadhesives, derived from natural sources such as soy protein and cellulose, are replacing synthetic adhesives in packaging, construction, and automotive sectors. For example, global companies like IKEA have integrated bioadhesives in their products to meet eco-friendly standards. Additionally, India's push toward sustainable practices, including the government's "Make in India" initiative, encourages the adoption of bio-based products in manufacturing. This shift is also supported by environmental regulations, such as the European Union's REACH (Registration, Evaluation, Authorisation, and Restriction of Chemicals) program, which limits the use of harmful chemicals in industrial processes. These global and local efforts are shaping the future of bioadhesives, making them a preferred choice in various industries.
Bioadhesives Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.74% over the forecast period (2024-2032)
Based on Type segmentation, Plant-Based was predicted to show maximum market share in the year 2023
Based on application segmentation, Packaging was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
Bioadhesives Market- Segmentation Analysis:
The Global Bioadhesives Market is segmented on the basis of Type, Application, End-User, and Region.
The market is divided into three categories based on Type: Plant-Based, Animal-Based, and Synthetic. Plant-based adhesives hold the highest priority due to their sustainability and eco-friendly attributes. Animal-based adhesives follow, often used in niche applications like woodworking. Synthetic adhesives, while versatile, are increasingly overshadowed by the demand for renewable options.
The market is divided into four categories based on application: Packaging, Woodworking, Construction, Automotive, and Personal Care. Packaging applications take the lead, driven by sustainability demands. Following closely are the woodworking and construction sectors, where eco-friendly materials are increasingly preferred. Automotive applications show potential growth, while personal care remains a smaller, specialized segment.
Bioadhesives Market- Geographical Insights
In the Bioadhesives Market, North America leads due to its robust demand in the packaging and construction sectors, with companies like Henkel and 3M investing in sustainable adhesive solutions. For instance, in 2021, the U.S. bioadhesives market was valued at approximately $430 million, reflecting a growing trend toward eco-friendly products. Europe follows closely, driven by stringent regulations promoting sustainable materials; the European Union has implemented initiatives like the Green Deal, which supports the development of bio-based products. Asia-Pacific is witnessing rapid growth, especially in countries like India and China, where increasing industrialization and environmental awareness are driving the adoption of bioadhesives in various applications. The Indian government's "Make in India" initiative is promoting the use of bio-based materials in manufacturing, further boosting the market. In Latin America, Brazil's initiatives to reduce plastic waste and promote sustainable practices are encouraging the use of bioadhesives, while in the Middle East and Africa, the focus on eco-friendly construction materials is gradually increasing the demand for bioadhesives.
Bioadhesives Market- Competitive Landscape:
The competitive landscape of the Bioadhesives Market is characterized by key players focusing on innovation and strategic collaborations. In North America, Henkel has recently launched a new line of bio-based adhesives aimed at the packaging sector, aligning with consumer demand for sustainable products. Meanwhile, 3M announced a partnership with Novamont to develop new bioadhesive formulations that meet eco-label standards. In Europe, BASF is actively investing in research to enhance the performance of bioadhesives, with a focus on applications in construction and automotive industries. The company aims to contribute to the EU's sustainability goals through its initiatives. In the Asia-Pacific region, Mitsubishi Chemical has acquired a bioadhesive startup, strengthening its position in the rapidly growing market, especially in the packaging and furniture sectors. Furthermore, Brazil's Braskem, a major player in the bioplastics space, is exploring synergies with bioadhesive technologies to support its commitment to renewable materials, demonstrating the ongoing trend of integrating bio-based solutions across various industries.
Recent Developments:
In February 2023, Henkel AG has officially opened its new production facility in Kurkumbh, India, aimed at addressing the increasing demand for high-performance bioadhesives in the region. This expansion highlights the company's commitment to enhancing its capabilities in sustainable adhesive solutions.
In March 2023, BASF SE introduced its latest bioadhesive product, Bionate(R) 487, specifically designed for medical applications, including wound closure and tissue repair. This innovative solution underscores the company's commitment to developing sustainable and effective materials in the healthcare sector.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BIOADHESIVES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
3M Company
Adhesive Technologies GmbH
Arkema S.A.
Avery Dennison Corporation
Bio-adhesive Alliance
Bostik SA
Dow Inc.
Ecologic Adhesives
Elmer's Products, Inc.
Franklin International, Inc.
Henkel AG & Co. KGaA
Jowat SE
KRAIBURG TPE GmbH & Co. KG
Mapei S.p.A.
Sika AG
Stickpack
Others
GLOBAL BIOADHESIVES MARKET, BY TYPE- MARKET ANALYSIS, 2019 - 2032
Plant-Based
Animal-Based
Synthetic
GLOBAL BIOADHESIVES MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Packaging
Woodworking
Construction
Automotive
Personal Care
GLOBAL BIOADHESIVES MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032
Food & Beverage
Construction
Furniture
Automotive
Consumer Goods
GLOBAL BIOADHESIVES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Bioadhesives Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Bioadhesives Market Snippet by Type
2.1.2. Bioadhesives Market Snippet by Application
2.1.3. Bioadhesives Market Snippet by End-User
2.1.4. Bioadhesives Market Snippet by Country
2.1.5. Bioadhesives Market Snippet by Region
2.2. Competitive Insights
3. Bioadhesives Key Market Trends
3.1. Bioadhesives Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Bioadhesives Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Bioadhesives Market Opportunities
3.4. Bioadhesives Market Future Trends
4. Bioadhesives Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Bioadhesives Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Bioadhesives Market Landscape
6.1. Bioadhesives Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Bioadhesives Market - By Type
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2023 & 2032 (%)
7.1.2. Plant-Based
7.1.3. Animal-Based
7.1.4. Synthetic
8. Bioadhesives Market - By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
8.1.2. Packaging
8.1.3. Woodworking
8.1.4. Construction
8.1.5. Automotive
8.1.6. Personal Care
9. Bioadhesives Market - By End-User
9.1. Overview
9.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
9.1.2. Food & Beverage
9.1.3. Construction
9.1.4. Furniture
9.1.5. Automotive
9.1.6. Consumer Goods
10. Bioadhesives Market- By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
10.2. North America
10.2.1. Overview
10.2.2. Bioadhesives Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
10.2.4. North America Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
10.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.6. North America Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)