- Plant Based
- Animal Based
Bioadhesive Market size is valued at USD 6.2 billion 2022 and poised to grow at a significant CAGR of 9.4% during the forecast period 2023-29. Growing preference for sustainable packaging, increasing awareness regarding bio-based adhesives in the packaging industry, extensive R&D investments to develop innovative bioadhesives, positive government norms towards adopting bio-based products and increasing demand for environmentally-friendly products are some key factors fostering the market growth. However, factors such as limited performance capabilities, lack of skilled resources for development of improved products and presence of substitute products are hampering the market growth. In addition, increase in construction spending in developing countries, robust availability of raw materials and high adoption of animal based bioadhesives provides huge growth opportunity for the market. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global bioadhesive market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global bioadhesive products.
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Bio-based adhesives are finding growing applications in the packaging sector, majorly for PET flexible packaging, carton side seams, container packaging, corrugated boards, and film-foil laminates. Demand for lightweight and advanced packaging solutions from the food industry is majorly motivating the consumption of bio-based adhesives. Packaging and paper are the utmost significant application industry for bio-based adhesive. Bio-based adhesives used in the packaging industry for manufacturing rigid cardboard boxes, multi-layer films, tapes, and labels etc. The increase the performance of product, binding strength, durability and elasticity, it must be suitable for food packaging because of the eco-friendly nature. Low shelf-life and continued usage of conventional adhesive may affect the growth of the bio-based adhesive market. Innovation in the technology, product and enhancing their properties will offer numerous opportunity for the bio-based adhesives for packaging market growth.
The bioadhesive market is projected to expand at a CAGR of 9.4% during the forecast period
Ashland Inc. (U.S.), DaniMer Scientific LLC (U.S.), Dow Chemical Company (U.S.), EcoSynthetix Inc. (Canada), Paramelt B.V. (Netherlands), Yparex B.V. (Netherlands)
Asia Pacific is the fastest-growing region for bioadhesive market
Bioadhesive Market size is valued at USD 6.2 billion 2022 and poised to grow at a significant CAGR of 9.4% during the forecast period 2023-29
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