Bioadhesive Market Growth Analysis 2022-28
The global bioadhesive market size was valued at USD 6.2 billion in 2021 and is poised to grow at a significant CAGR of 9.4% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Bioadhesive Market: By Material (Natural Polymer and Synthetic Polymers), By Type (Plant Based and Animal Based), By Application (Drug Delivery, Tissue Repair, Tissue Substitute, Packaging, Personal Care and Others), By End User (Hospitals, Dental Clinics and Others) - Global/Region/Country Forecast to 2028.
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Extensive R&D investments to develop innovative bioadhesives is impelling the Global Bioadhesive Market:
Growing demand for environment-friendly products, extensive R&D investments for developing innovative bioadhesives, growing consciousness about bio-based adhesives in the packaging industry and positive government norms towards adopting bio-based products are a few major factors bolstering the growth of market. But, factors such as presence of alternative products, limited performance capabilities and lack of skilled resources to develop improved products are constraining the growth. Moreover, there are a few more factors that offer huge growth opportunity for market growth such as high adoption of animal based bioadhesives, robust availability of raw materials as well as increasing construction spending in developing economies.
Demand from the food industry for advanced and lightweight packaging solutions is mainly stimulating the bio-based adhesives consumption. Bio-based adhesives are finding increasing applications in the packaging segment, mainly for container packaging, film-foil laminates, PET flexible packaging, carton side seams and corrugated boards. Packaging and paper are the most important application industry for bio-based adhesive. Bio-based adhesives are used in the packaging industry to manufacture labels, tapes, rigid cardboard boxes and multi-layer films. Increasing performance of product, elasticity, binding strength, durability and binding strength, it should be suitable for food packaging due to the eco-friendly nature. Continuous use of traditional adhesive and low shelf-life can affect the bio-based adhesive market growth. Innovation in the product, technology and augmenting their properties will create huge opportunity for the bio-based adhesives for packaging market growth.
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Asia Pacific accounted for major share in the Bioadhesive Market:
Global bioadhesive market report provides complete outlook on bioadhesive around the globe with complete emphasis on the major regions such as Europe, Asia Pacific, Latin America, North America, Middle East and Africa. Among these regions, Asia Pacific region accounted for major revenue share in the global bioadhesive market with significant CAGR rate. Increasing per capita income, growing construction and remodeling activities and increase in the healthcare consciousness are the factors fuelling the market growth in this region. Europe witnessed considerable market share throughout the forecast years. The existence of strict government regulations in favor of bioadhesives and the growing consciousness regarding the harmful effects of synthetic adhesives will drive the growth of market in the region.
Competitive Analysis - Global Bioadhesive Market
Major players working in the global bioadhesive market are Henkel Corporation (Germany), 3M Company (U.S.), Adhbio (Spain), Adhesives Research (U.S.) and Ashland Inc. (U.S.).
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