Categories: Healthcare

Bioadhesives Market Size, Trends And Overview Report 2024-2033

Overview and Scope

Bioadhesives are natural polymers that are derived from bio-based raw materials to bond two surfaces together. It refers to the phenomenon in which synthetic and natural materials adhere to biological surfaces. The bioadhesives are used as adhesive materials for artificial applications. Bioadhesives are cheaper and easier to manufacture, and they have the potential to replace synthetic adhesives.

Sizing and Forecast

The bioadhesives market size has grown rapidly in recent years. It will grow from $5.04 billion in 2023 to $5.62 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increased environmental awareness, stringent regulations, rising demand for biodegradable products, health and safety considerations, rise in pharmaceutical and medical industries.

The bioadhesives market size is expected to see rapid growth in the next few years. It will grow to $8.58 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to increasing investment in renewable resources, expansion of the packaging sector, rising construction industry, economic growth. Major trends in the forecast period include natural and bioengineered polymers, integration of 3d printing, nano-bioadhesives development, partnership and collaboration.

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Segmentation & Regional Insights

The bioadhesives market covered in this report is segmented –

1) By Type: Plant-Based, Animal-Based

2) By Production Methods: Direct Chemical Synthesis, Bacteria And Yeast Fermentation, Natural Organisms Farming

3) By Industry: Packaging Industries, Paper And Pulp Industries, Construction Industry, Personal Care, Healthcare, Other Industries

Europe was the largest region in the bioadhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioadhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

Governmental regulations and policies to control environmental pollution are significantly contributing to the growth of the bioadhesives market. The governments are more concerned about the adverse effects of pollution on public health and the environment, so they have implemented regulations to control air pollution, and this has increased the demand for the use of bio-based materials such as bioadhesives. For instance, in March 2022, the United Kingdom government set additional goals to be incorporated into the Environment Act 2021, including a legally obligatory goal to reduce fine particulate matter (PM2.5) levels to 10 micrograms per cubic metre (g/m3) by 2040. The new targets included a 35% decrease in population exposure to PM2.5 by 2040 compared to levels in 2018, and they covered water, air quality, and biodiversity. Therefore, governmental regulations and policies to control environmental pollution are expected to propel the growth of the bioadhesives market.

Key Industry Players

Major companies operating in the bioadhesives market include Arkema S.A., Ashland Global Specialty Chemicals Inc., Beardow Adams, Bemis Associates Inc., Bioadhesive Alliance Inc., Camurus, Cryolife Inc., DuPont de Nemours Inc., EcoSynthetix Inc., Follmann GmbH & Co. KG, Kollodis BioSciences Inc., Tate & Lyle PLC, Yparex B.V., 3M company, Adheso Medical, Grunenthal, Advanced Medical Solutions Group plc, Aesculap Inc., Arch Therapeutics Inc., B. Braun Melsungen AG, Baxter International, Beiersdorf AG, Bioelettronica, Boston Scientific Corporation, Becton, Dickinson and Company, Chemence Medical Inc., Chen Mede company, Cohera Medical Inc., Corning Inc., EPIEN Medical Inc., Gelest Inc., Hemostasis LLC, Johnson & Johnson, Marine Polymer Technologies, Medline Industries Inc.

The bioadhesives market report table of contents includes: