The global bioadhesive market is expected to reach USD 869.31 million by 2025, from USD 322.41 million in 2018, growing at a CAGR of 13.2% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2016 & 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Definition: Global Bioadhesive Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the bioadhesive market in the next 8 years. Bioadhesive is a natural polymeric substance used as adhesive between two distinct materials. They are mostly described as glue, which is used in binding of the material and resist separation between them. They have the property of building durable interface between two types of materials such as hard and soft materials. There is a huge demand of bio adhesives in packaging applications such as printed sheets lamination, cigarettes & filters, flexible packaging. As per article published by Packaging Industry Association of India (PIAI), packaging is the highest growing industries in India developing at 22-25% per annum. It is also currently the 5th largest sector contributing to Indian economy. Growing demand in packaging industries will drive the growth of the bioadhesive market in future. As per article published by National Center for Biotechnology Information, bioadhesives have been playing a major role in controlled and site-specific drug delivery. Increasing demand for in site-specific drug sector will effect on the bioadhesive market in future.
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Major Market Competitors/Players: Global Bioadhesive Market
Some of the major players operating in the global bioadhesive market are
- Henkel Corporation
- Dow Chemical Company
- DaniMer Scientific
- Paramelt B.V.
- Ashland Inc.
- Adhesives Research
- EcoSynthetix Inc.
- Yparex B.V.
- Adhbio .camurus CompareNetworks Inc.
- Meredian Holdings Group Inc.
- CryoLife Inc.
- Scion among others.
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Major Market Drivers and Restraints:
- Growing in site-specific drug sectors
- Growth of biotechnology
- Increased use in end-user industry
- limited performance capabilities as compared to other conventional adhesives
- competition with substitute adhesives
- Increased in environmental regulations & policies against the use of petrochemical-based adhesives
- Fluctuation in prices of petro-based ingredients
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Market Segmentation: Global Bioadhesive Market
- The global bioadhesive market is segmented based on type, application, and geographical segments.
- Based on type, the global bioadhesive market is segmented into plant based, animal based, and others.
- On the basis of application, the global bioadhesive market is segmented into packaging & paper, construction, wood, personal care, medical, and others.
- Based on geography, the global bioadhesive market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Competitive Analysis: Global Bioadhesive Market
The global bioadhesive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bioadhesive market for global, Europe, North America, Asia Pacific and South America.
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