Market Trends
Opportunities for Bio-Based Adhesives
Bio-adhesives have rapidly gained traction as an alternative to traditional synthetic adhesives.
The global market for bio-adhesives reached nearly $2.2 billion in 2021. Looking forward, IMARC Group expects the market to reach $4.81 billion by 2027, expanding at a CAGR of 13.9% from 2022-2027. Bio-adhesives refer to natural polymeric materials with adhesive properties or glues that comprise biological intermediates such as gelatin, starch, or cellulose.
Bio-based adhesives have rapidly gained traction as an alternative to traditional synthetic adhesives due to their environmentally friendliness, sustainability, and cost effectiveness. As a result, bio-adhesives find extensive applications across numerous industries, including medical, packaging and paper, construction, wood, and personal care.
Expanding Applications
Bio-adhesives are finding increasing applications across various end-use sectors. For instance, in the healthcare industry, bio-adhesives are rapidly replacing conventional invasive wound closure methods (e.g., surgical sutures, staples, and wires) due to their antibacterial, antioxidant, anti-inflammatory, better wound healing, and leakage protection properties. In addition, they are also employed for skin-bonded monitoring devices, wound care dressings, and transdermal drug delivery methods.
The widespread adoption of bio-adhesives for specialty packaging, flexible packaging, printed sheets lamination, and cigarettes and filters is also augmenting product demand. Moreover, the implementation of stringent regulations regarding synthetic adhesives and several favorable initiatives undertaken by various governments to promote the use of eco-friendly products are propelling market growth.
Additional Growth Opportunities
Leading adhesives companies are investing heavily in research and development activities to launch innovative bio-adhesive variants to expand their product portfolios and attract more customers. Other factors, including the escalating demand for sustainable packaging, the rising popularity of plant-based adhesives, easy availability of raw materials, and increasing construction and renovation activities, are also creating a positive market outlook.
Additional details are available at www.imarcgroup.com.
Note: Image courtesy of MadamLead via www.gettyimages.com.
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