Global Bio-based Adhesives Market 2024

Global Bio-based Adhesives Market 2024

The global bio-based adhesives market was estimated at USD 2.6 billion in 2023 and is expected to hit USD 4,703.3 billion by 2030, registering a CAGR of 7.9% from 2024 to 2030 as per the latest market estimates. The bio-based adhesives market is experiencing significant growth, driven by a blend of environmental, economic, and technological factors. Foremost among these is the rising global emphasis on sustainability and eco-friendly products. As industries and consumers become increasingly aware of environmental impacts, there is a strong shift towards adhesives derived from renewable resources, which offer a lower carbon footprint compared to traditional petroleum-based counterparts.

Stringent environmental regulations and policies across various regions are also propelling the demand for bio-based adhesives. Governments and regulatory bodies are enforcing stricter guidelines to reduce volatile organic compounds (VOCs) and other harmful emissions, compelling manufacturers to adopt greener alternatives. This regulatory push is particularly pronounced in industries such as packaging, construction, and automotive, where the demand for sustainable materials is escalating.

Technological advancements and innovations in the development of bio-based adhesives are further stimulating market growth. Enhanced formulations that improve performance characteristics such as bond strength, durability, and resistance to moisture and temperature variations are making bio-based adhesives more competitive with conventional products. The integration of biotechnology and nanotechnology is playing a crucial role in advancing these formulations, thereby broadening their application scope.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the source, end user, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global bio-based adhesives market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for bio-based adhesives can be segmented by source: animal-based adhesives, plant-based adhesives. Plant-based adhesives held the largest share in the global bio-based adhesives market in 2023 and is projected to portray the fastest growth rate in the coming years.

Bio-based adhesives market is further segmented by end user: construction, medical, paper and packaging, personal care, woodworking, others. The paper and packaging segment held the largest revenue share in 2023.

Based on region, the bio-based adhesives market is segmented into: Asia-Pacific, Europe, North America, MEA (Middle East and Africa), Latin America. Globally, Europe made up the largest share of the bio-based adhesives market.

The market research report covers the analysis of key stake holders of the global bio-based adhesives market. Some of the leading players profiled in the report include artimelt AG, Beardow Adams Group, Bemis Associates Inc., Bostik SA (Arkema SA), Conagen, Inc., EcoSynthetix Inc., Follmann GmbH & Co. KG, H.B. Fuller Company, Henkel AG & Co. KGaA, ICAP-SIRA Chemicals and Polymers S.p.A., Intercol BV, Jowat SE, Kiilto Oy, L.D. Davis Industries, Inc., Tesa SE, The 3M Company, Toyochem Co., Ltd., Weiss Chemie + Technik GmbH & Co. KG., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Gain a reliable outlook of the global bio-based adhesives market forecasts from 2024 to 2030 across scenarios.

Identify growth segments for investment.

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The market estimate for ease of analysis across scenarios in Excel format.

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Market Segments Covered in Global Bio-based Adhesives Industry Analysis:

i.) Source

• Animal-based adhesives
• Plant-based adhesives

ii.) End user

• Construction
• Medical
• Paper and packaging
• Personal care
• Woodworking
• Others

iii.) Region

• Asia-Pacific
• Europe
• North America
• MEA (Middle East and Africa)
• Latin America