Market Overview

According to the latest estimates, the global bioadhesives market is set to achieve an incremental growth of USD 1.7 billion, accelerating at a CAGR of almost 10.4% during the forecast period 2023-2028. Bioadhesives are adhesives derived from natural sources or designed to mimic natural adhesive properties. They have applications in various fields, including wood, paper and packaging, construction, drug delivery, and biomaterials. Research and development in bioadhesives are ongoing to expand their applications and improve their performance.

Bioadhesives find wide-ranging applications in the packaging industry, encompassing various areas such as cardboard packaging, flexible packaging, laminated printing, filters and cigarettes, as well as specialized packaging needs. One of the prominent uses of bioadhesives is in the bonding of cardboard boxes, where starch-based adhesives are particularly favored.

Furthermore, bioadhesives are employed in other packaging applications, such as flexible packaging, wherein they facilitate the adhesion of various layers of films and foils, allowing for the creation of durable and functional packaging materials. Additionally, bioadhesives are utilized in laminated printing, enabling the bonding of different substrates like paper, plastic, or metal, to achieve desirable visual effects and enhance the overall quality of printed materials.

The versatility of bioadhesives extends to specialized packaging requirements as well. They are used in the production of filters and cigarettes, where bio-based adhesives ensure proper bonding of filter components and secure attachment of labels or wrappers. These adhesives meet stringent safety and regulatory standards, making them suitable for use in food-grade packaging as well.

One of the primary areas where bioadhesives show great potential is in the medical field. Bioadhesives can be used as surgical glues, tissue sealants, and hemostats. They offer advantages such as biocompatibility, ease of use, and the ability to adhere to both wet and dry surfaces. One notable example is fibrin glue, a bioadhesive derived from human or animal blood proteins, which is used in surgical procedures for tissue bonding and wound closure.

The report presents statistical information, including market size, market share within various market segments, growth rate, and forecasts specifically tailored to the bioadhesives industry. This data-driven analysis equips industry professionals with essential information to assess the current market landscape, make informed decisions, and identify growth opportunities within the sector.

Research Coverage

This report presents an in-depth analysis and segmentation of the bioadhesives market, with market size forecasts extending until 2028. The market has been categorized based on product type, application, and region. Furthermore, a comprehensive evaluation of key industry players has been conducted to provide valuable insights into their business profiles, product offerings, strategic approaches, partnerships, expansions, and acquisitions pertaining to the bioadhesives market.

The report provides a detailed analysis of the following segments within the bioadhesives market:

Product type: animal-based bioadhesives, and plant-based bioadhesives

Application: construction, cosmetics, medical and healthcare, paper and packaging, woodworking, and others

Region: Asia-Pacific, Europe, Latin America, Middle East and Africa, and North America

By product type, the global bioadhesives market has been segmented into animal-based bioadhesives, and plant-based bioadhesives. Plant-based bioadhesives held the largest share in the global bioadhesives market in 2022 and is projected to portray the fastest growth rate in the coming years. Plant-based adhesives, derived from readily available raw materials, offer several advantages over their animal-based counterparts. In addition to being environmentally friendly, plant-based adhesives are also more cost-effective. These factors contribute to their widespread utilization in packaging applications, with a particular emphasis on the adhesion of corrugated boards.

Based upon application, the global bioadhesives market is categorized into construction, cosmetics, medical and healthcare, paper and packaging, woodworking, and others. The paper and packaging segment held the largest market share in the global bioadhesives market in 2022. It accounted for a significant portion, specifically 37.6% of the market share. This segment is projected to maintain its dominance and continue to be a major contributor to the market by the year 2028.

On the other hand, the medical and healthcare applications of bioadhesives are expected to experience the highest compound annual growth rate (CAGR) of 11.1% from 2023 to 2028. The increasing demand for bioadhesives in various medical and healthcare applications is anticipated to drive the overall growth of the global market.

The surge in demand for bioadhesives in the medical and healthcare sector can be attributed to several factors. These include advancements in medical adhesive technologies, the rising trend of using bio-based and biocompatible materials in healthcare products, and the increasing need for innovative adhesive solutions in medical procedures and wound care.

As more emphasis is placed on developing bioadhesives that meet stringent regulatory requirements and offer improved performance characteristics, the global market is expected to witness significant growth. The expanding applications of bioadhesives in medical and healthcare sectors, driven by their biocompatibility, non-toxic nature, and ability to promote faster healing, are poised to contribute substantially to market expansion in the coming years.

In terms of geography, the global bioadhesives market has been segmented into Asia-Pacific, Europe, Latin America, Middle East and Africa, and North America. Among these, Europe was accounted for the highest revenue generator in 2022. Among European countries, Germany stands out as a prominent consumer of bioadhesives. This can be attributed to the country's significant production of starch and natural rubber-based adhesives. Notably, some of the industry's key players, such as Henkel AG & Co. KGaA and Bostik SA, have established their manufacturing facilities in Europe.

However, the Asia-Pacific region is anticipated to witness the highest compound annual growth rate (CAGR) of 11.7% from 2023 to 2028 in the bioadhesives market. This surge in demand can be attributed to several factors. Firstly, the Asia-Pacific region has been proactive in implementing stringent environmental regulations, compelling industries to explore alternative and eco-friendly adhesive solutions. Consequently, manufacturers in the region are increasingly adopting bioadhesives as a sustainable option.

Moreover, there is a growing awareness among consumers in the Asia-Pacific about the importance of environmentally friendly products. This heightened consciousness regarding sustainable materials further fuels the demand for bioadhesives in the region. As a result, the market for bioadhesives is expected to witness significant opportunities for growth during the forecast period.

Competitive Landscape

The global bioadhesives market is highly competitive. The key players in the bioadhesives market include artimelt AG, Ashland Global Holdings Inc., Beardow & Adams (Adhesives) Limited (H.B. Fuller Company), Bemis Associates Inc., Bostik SA (Arkema S.A.), DuPont de Nemours Inc., EcoSynthetix Inc., Follmann GmbH & Co. KG, H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Paramelt B.V., Solasia Pharma K.K., Tate & Lyle PLC, Tex Year Industries Inc., The 3M Company, Toyo Ink SC Holdings Co. Ltd., U.S. Adhesives Inc., Weiss Chemie + Technik GmbH & Co. KG. These companies play a significant role in driving market growth through their active contributions in innovation and product development within the bioadhesives industry.

Bioadhesives Industry Developments

▸ Camurus AB and Solasia Pharma K.K. today jointly announced that they have entered into an agreement in which Solasia has acquired episil® oral liquid (episil, SP-03), a unique and effective treatment for intra-oral pain associated with e.g. oral mucositis, from Camurus and been granted relevant IP rights.

▸ H.B. Fuller has acquired Beardow Adams, a UK-based industrial adhesive manufacturer. With manufacturing capabilities across Europe and the US, Beardow Adams provides service across a variety of industry applications. The acquisition is expected to accelerate profitable growth in many of H.B. Fuller’s core end markets and generate business synergies through production optimization, an expanded distribution platform, and difference-making innovation.

▸ Tate & Lyle has completed the acquisition of an 85% shareholding in Chaodee Modified Starch, a tapioca modified food starch manufacturer located in Thailand. The signing of a conditional agreement for this acquisition was announced on 28 October 2020.

Key Questions Answered

What is the projected global market size of bioadhesives by 2028

Which product type segment achieves the highest performance in the bioadhesives market

Within the market, which application segment has secured the leading position

Among the various region segments, which segment has taken the leading position

Who are the key players with the largest market share in the bioadhesives market

What is the estimated global market size for the bioadhesives market in 2023

What are the main factors driving the growth of the bioadhesives market

What is the expected incremental growth of the bioadhesives market during the forecast period

1. Scope and Methodology

1.1 Introduction

1.2 Report Scope

1.3 Research Methodology

2. Executive Summary

3. Market Overview

4. Global Bioadhesives Market - Product Type Analysis

4.1 Animal-based bioadhesives

4.2 Plant-based bioadhesives

5. Global Bioadhesives Market - Application Analysis

5.1 Construction

5.2 Cosmetics

5.3 Medical and healthcare

5.4 Paper and packaging

5.5 Woodworking

5.6 Others

6. Global Bioadhesives Market - Region Analysis

6.1 Asia-Pacific

6.2 Europe

6.3 Latin America

6.4 Middle East and Africa

6.5 North America

7. Patents Analysis

8. Competitive Landscape

8.1 Competitive Scenario

8.2 Market Positioning/Share Analysis

8.3 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

9. Company Profiles

9.1 artimelt AG

9.2 Ashland Global Holdings Inc.

9.3 Beardow & Adams (Adhesives) Limited (H.B. Fuller Company)

9.4 Bemis Associates Inc.

9.5 Bostik SA (Arkema S.A.)

9.6 DuPont de Nemours, Inc.

9.7 EcoSynthetix Inc.

9.8 Follmann GmbH & Co. KG

9.9 H.B. Fuller Company

9.10 Henkel AG & Co. KGaA

9.11 Jowat SE

9.12 Paramelt B.V.

9.13 Solasia Pharma K.K.

9.14 Tate & Lyle PLC

9.15 Tex Year Industries Inc.

9.16 The 3M Company

9.17 Toyo Ink SC Holdings Co., Ltd.

9.18 U.S. Adhesives, Inc.

9.19 Weiss Chemie + Technik GmbH & Co. KG

APPENDIX

DISCLAIMER

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)