Bioadhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Bioadhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global bioadhesive market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 13.78% during 2023-2028.

Bioadhesives refer to natural polymeric materials with adhesive properties or glues that are made up of biological intermediates such as gelatin, starch, or cellulose. They are widely used to bind different materials together and resist their separation under various circumstances. They are also utilized in cell-to-cell adhesion, adhesion between an organism and foreign surfaces, and adhesion between living and non-living parts of an organism. They have rapidly gained traction as an alternative to traditional synthetic adhesives due to their environment-friendliness, sustainability, and cost-effectiveness. As a result, bioadhesives find extensive applications across numerous industries, including medical, packaging and paper, construction, wood, and personal care.

Bioadhesive Market Trends:
The increasing applications of bioadhesives across various end use sectors represent the primary factors driving the market growth. For instance, in the healthcare industry, bioadhesives are rapidly replacing conventional invasive wound closure methods, such as surgical sutures, staples, and wires, due to their antibacterial, antioxidant, anti-inflammatory, better wound healing, and leakage protection properties. Besides this, they are also employed for skin-bonded monitoring devices, wound care dressing, and transdermal drug delivery. Additionally, with the growing environmental consciousness among the masses, there has been a significant shift toward bio-based products. Along with this, the widespread adoption of bioadhesives for specialty packaging, flexible packaging, printed sheets lamination, and cigarettes and filters is augmenting the product demand. Moreover, the implementation of stringent regulations regarding synthetic adhesives and several favorable initiatives undertaken by the government of various nations to promote the use of eco-friendly products are propelling the market growth. Furthermore, the leading players are heavily investing in research and development (R&D) activities to launch innovative bioadhesive variants to expand their product portfolio and attract more customers. Other factors, including the escalating demand for sustainable packaging, the rising popularity of plant-based adhesives, easy availability of raw materials, and increasing construction and renovation activities, are also creating a positive market outlook.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bioadhesive market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and end use.

Breakup by Type:

Plant-Based
Animal-Based

Breakup by End Use:

Paper and Packaging
Construction
Wood
Personal Care
Healthcare
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key global players being Henkel Corporation, Dow Chemical Company, Ashland, Inc., Adhesives Research, Inc., and EcoSynthetix.

Key Questions Answered in This Report
1. What was the size of the global bioadhesive market in 2022?
2. What is the expected growth rate of the global bioadhesive market during 2023-2028?
3. What are the key factors driving the global bioadhesive market?
4. What has been the impact of COVID-19 on the global bioadhesive market?
5. What is the breakup of the global bioadhesive market based on the end-use?
6. What are the key regions in the global bioadhesive market?
7. Who are the key players/companies in the global bioadhesive market?