Bioadhesives Market worth USD 5.3 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Bioadhesives Market by Type (Plant-Based and Animal-Based), by Application (Paper & Packaging, Construction, Woodworking, Personal Care, Medical, and Others), by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Share and Forecast to 2030".

The global bioadhesives market size was estimated to reach USD 5.3 billion by 2030 from USD 3.8 billion in 2021, growing at a CAGR of 4.4% during the forecast period (2022-2030). Bioadhesives are naturally occurring polymeric materials that possess adhesive characteristics and can adhere to biological surfaces. The bioadhesives market is primarily driven by advancements in biotechnology, environmental regulations on petrochemical adhesives, and growth of the packaging industry. The biotechnology industry's technological breakthroughs and R&D are projected to continue to encourage the use of naturally derived adhesives for packaging. These adhesives are increasingly being used to make stiff cardboard boxes, tapes, multi-layer films, and labels in the packaging business. These eco-friendly adhesives help improve the product's performance in addition to its properties such as durability and elasticity.

Scope of the Global Bioadhesives Market

The overall bioadhesives market has been segmented into type, application, and region.

• By Type (Plant-Based and Animal-Based)
• By Application (Construction, Woodworking, Paper & Packaging, Personal Care, Medical, and Others)
• By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Paper & packaging, by application, hold the largest market share

The applications covered in the study include paper & packaging, construction, woodworking, personal care, medical, and others. In 2021, the paper & packaging segment generated the highest market share of 38.2% in the bioadhesives market. Paper & packaging application includes labels, bags, cartons, disposables, envelopes, foil laminates, and remoisten-able products.

Paper & packaging was the leading application in the bioadhesives market. Bioadhesives are used in various applications, including lamination of printed sheets, cigarettes and filters, flexible packaging, and specialty packaging. The growing need for the flexible packaging and corrugated boxes from the food & beverages industries and retail chains will surge the demand for bioadhesives. They are also employed in the frozen food & beverages industries for packaging purposes as adhesive components contain mineral oil, which has no health risks. During the projection period, the growing paper & packaging industry in Asia-Pacific and Latin America is expected to boost the segment growth.

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Europe accounts for the largest market share in the bioadhesives market

Based on the regions, the global bioadhesives market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Europe accounted for the highest market share of 41.2% in the global bioadhesives market. The Europe bioadhesives market is studied across the UK, Germany, Spain, Italy, France, and the rest of Europe. The other sizeable consumers include Italy, Spain, Russia, Sweden, Switzerland, Finland, and Turkey.

In the Europe region, sluggish economic growth, mature markets, and strict environmental rules are the primary factors driving the growth of the market. The Europe adhesive industry for building applications is rapidly expanding. According to EURO CONSTRUCT, the construction industry growth is expanding. De-industrialization and outsourcing in labor-intensive manufacturing sectors have negatively impacted the demand for bioadhesives in the region. Attributed to the rise of end-use sectors, the market in the rest of Europe is growing. The bioadhesives market is benefiting from rising demand for packaging and building products in the rest of Europe.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the bioadhesives market. It also consists of the profiles of leading companies such as Arkema, Beardow Adams, Henkel AG, Ashland Global Holdings Inc., DuPont de Nemours, Inc., Jowat SE, Paramelt BV, Camurus, Adhesives Research, Inc., and U.S. Adhesives. These market players have focused on acquisitions and expansion to gain a larger market share in the bioadhesives market.

Browse complete report: https://www.marketstatsville.com/bioadhesives-market

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