Market Overview:
The Bioadhesives Market size is estimated to reach $13.4 billion by 2030, growing at a CAGR of 9.6% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Bioadhesives Market – By Type (Plant-based bioadhesives and Animal-based bioadhesives), By Application: Boxes & Cartons (Corrugated, Rigid, and Folding); Foil laminates, Labels & Envelopes, Cigarettes & Filters, Cosmetics, Wood-Works, Flooring, and others); By End-Use Industry (Paper and packaging, Construction & infrastructure (Residential Construction, Commercial Construction, Industrial Construction), Wood Industry (Plywood, OSB, Glulam and Others), Personal Care (Skincare, Oral care and others), Healthcare (Medical devices and Operating equipment) and Others); By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
The bioadhesives market is witnessing a trend towards increased use of plant-based adhesives, driven by growing environmental concerns and regulatory pressures for sustainable, non-toxic alternatives in packaging, medical, and construction industries.
APAC to Register Highest Growth:
The APAC region is projected to experience a robust CAGR of 9.7% in the Bioadhesives Market. In the APAC region, particularly China and India is projected to be the fastest-growing market for bioadhesives. For instance, according to the India Brand Equity Foundation, the Indian Healthcare industry's robust growth to US$ 372 billion in 2023, fueled by both private and government sectors, is likely to drive increased demand for bioadhesives. These adhesives are essential for advancing medical device applications and wound care technologies. Rising healthcare demands and increased R&D in the medical sector are driving this growth, boosting awareness and use of bioadhesives across the region.
Bioadhesives Market: Key Takeaways
Growing investment in bio-based products
The surge in investment in bio-based products reflects a growing commitment to sustainability and environmental stewardship. For instance, in 2024, the Circular Bio-Based Europe Joint Undertaking (CBE JU) invested $232.17 million to boost competitive circular bio-based industries in Europe. The funding is aiming to advance sustainable innovation and support the growth of bio-based sectors across the continent. As industries seek alternatives to conventional materials, bio-based products, derived from renewable sources, offer a greener solution with lower carbon footprints. This trend is driven by both regulatory pressures and consumer demand for eco-friendly options. Companies are investing in research and development to enhance the performance and affordability of bio-based materials, positioning themselves at the forefront of a sustainable future.
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Advancements in Smart Bioadhesives for Wound Healing and Drug Delivery
Recent advancements in smart bioadhesives have introduced materials that react to environmental stimuli like pH or temperature. These innovative adhesives offer promising applications in wound healing and controlled drug delivery. By adjusting their properties in response to changes in the surrounding environment, they can enhance therapeutic effectiveness and improve patient outcomes. This new class of bioadhesives represents a significant leap forward in medical technology, combining functionality with adaptability to better meet the needs of dynamic biological systems
Scope of the Report:
Recent Developments:
- In May 2023, Fraunhofer WKI introduced a formaldehyde-free bioadhesive to manufacture wood-based goods at LIGNA.
- In January 2023, the first biocompatible product approved for use in the India, Middle East, and Africa region, Swift®melt 1515-I, was launched by H.B. Fuller, one of the
- top providers of adhesives in the world. With its stick-to-skin application, the product is intended for usage in microporous medical tape environments that are specific to the Indian subcontinent, such as its high humidity and warmth
Bioadhesives Market: Competitive Landscape
Key companies profiled in the Bioadhesives Market are Henkel AG, Cryolife Inc, DuPont de Nemours, Inc., Beardow Adams Group, Jowat SE, Ingredion Incorporated, Artivion, Inc, Sigma Aldrich, EcoSynthetix Inc., 3M Company, and others.
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