Biobased Adhesives Market Size Worth $13.4 Billion By 2030: IndustryARC

Bio-based Adhesives Market size is predicted to reach $13.4 billion by 2030, growing at a CAGR of 9.6% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increasing investments in renewable resources and bio-based materials and Rising prices and limited availability of petroleum-based adhesives is poised to propel the market growth, finds IndustryARC in its recent report, titled “Biobased Adhesives Market – By Type (Plant-based Biobased Adhesives and Animal-based Biobased Adhesives), By Application (Boxes & Cartons (Corrugated, Rigid and Folding), Foil aminates, Labels & Envelopes, Cigarettes & Filters, Cosmetics, Wood-Works, Flooring and Others), By End-Use Industry (Paper and packaging, Construction & infrastructure (Residential Construction, Commercial Construction, Industrial Construction), Wood Industry (Plywood, OSB, Glulam and Others), Personal Care (Skincare, Oral care and others), Healthcare (Medical devices and Operating equipment) and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”

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Asia Pacific to Register Highest Growth:

Asia Pacific is analyzed to grow with the highest CAGR of 11.7% during the forecast period 2024-2030. The Asia Pacific region is witnessing significant growth in the bio-based adhesives market, driven by rising environmental consciousness, government regulations favoring sustainable materials, and increasing demand in the automotive and packaging sectors. Additionally, advancements in bio-based adhesive technology and expanding construction activities further bolster market development in this region.

Biobased Adhesives Market 2024-2030: Scope of the Report

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Biobased Adhesives Market Report – Key Takeaways:

• Cosmetics is Leading the Market

Biobased Adhesives market in Cosmetics segment held significant market share of 30% in 2023. The cosmetics industry’s shift towards sustainability drives the biobased adhesives market. Europe, a €96 billion ($106 billion) market in 2023, leads in cosmetics and personal care, as per the Cosmetics Europe. Consumer demand for natural products has led manufacturers to adopt biobased adhesives, enhancing brand appeal and supporting green initiatives. Regulatory pressures and environmental concerns push the sector to reduce its carbon footprint with renewable resources. Innovations in adhesive formulations for cosmetics ensure high performance, driving market growth. Collaborations between cosmetic companies and adhesive manufacturers advance sustainable packaging solutions, reinforcing the trend towards eco-friendly practices.

• Innovation in Raw Materials

The bio-based adhesives market presents significant opportunities through innovation in raw materials. Companies can explore new, sustainable sources like agricultural residues, algae, and microbial fermentation. Developing adhesives from these materials not only reduces dependency on petrochemicals but also adds value to agricultural by-products, promoting a circular economy. Investing in research and development to enhance the properties and performance of these bio-based adhesives will allow companies to meet diverse industrial requirements, paving the way for broader market adoption and consumer acceptance.

• Technological Advancements and Competition

The rapid pace of technological advancements presents a challenge for players in the Biobased Adhesives Market. Staying abreast of cutting-edge developments and integrating new technologies into product lines requires substantial investment in research and development. This challenge is compounded by intense competition from both established companies and new entrants, all striving to innovate and capture market share. Balancing the need for technological innovation with cost constraints and maintaining a competitive edge while differentiating products in a saturated market remains a critical concern for industry stakeholders.

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Key Opportunity Analysis:

Expansion in Packaging Industry

The shift towards sustainable packaging offers a substantial opportunity for the bio-based adhesives market. As businesses and consumers increasingly prioritize eco-friendly packaging solutions, bio-based adhesives can provide an essential component in this transition. Companies can focus on creating adhesives that meet the stringent standards of food safety and packaging integrity. By partnering with packaging manufacturers and brands committed to sustainability, bio-based adhesive producers can position themselves as key players in the green packaging movement, gaining market share and driving innovation in this critical industry.

Advancements in Construction Applications

The construction industry is ripe with opportunities for bio-based adhesives, particularly as the demand for green building materials rises. Bio-based adhesives can be used in various applications such as flooring, paneling, and insulation, offering eco-friendly alternatives to traditional adhesives. Companies can capitalize on this trend by developing products that meet the durability and safety standards required in construction. Engaging with architects, builders, and regulators to promote the benefits of bio-based adhesives will facilitate their adoption in sustainable building projects, enhancing market penetration and environmental impact.

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The report also covers the following areas:

• Biobased Adhesives Market Size and Forecast
• Biobased Adhesives Market Trends
• Biobased Adhesives Market Analysis by Product Type

Biobased Adhesives Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain Analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Biobased Adhesives Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Biobased Adhesives Market

Covid and Ukrainian Crisis Impact:

• The Covid-19 pandemic significantly disrupted the bio-based adhesives market, affecting supply chains and manufacturing processes. Restrictions on movement and lockdowns led to a shortage of raw materials and labor, delaying production and delivery. However, the pandemic also accelerated the demand for sustainable and eco-friendly products as consumers and industries increasingly focused on health and environmental consciousness. Companies in the bio-based adhesives sector adapted by innovating remote operations and digital marketing strategies, ultimately leading to a greater emphasis on resilience and sustainability in the supply chain.
• The Ukrainian Crisis has introduced instability in the bio-based adhesives market, particularly impacting raw material availability and transportation routes. The resulting disruptions have led to increased costs and supply chain complexities. However, the crisis has also underscored the need for regional self-sufficiency and diversification of supply sources. Companies are now focusing on local sourcing and building more resilient supply chains. This shift is driving innovation and investment in alternative raw materials and production processes, ensuring a more stable and sustainable supply of bio-based adhesives in the future.

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 List of Key Market Players in the Biobased Adhesives Market:

The Global Biobased Adhesives Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Henkel AG
• Cryolife Inc
• DuPont de Nemours, Inc.,
• Beardow Adams Group
• Jowat SE
• Ingredion Incorporated
• Artivion, Inc
• Sigma-Aldrich
• EcoSynthetix Inc
• 3M Company
• B. Fuller Company
• Arkema Global
• Sika AG
• Danimer Scientific
• Tate & Lyle PLC.

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