Bio-based Adhesives Market Emerging Technologies, Size, Share and Sales Outlook For Major Key Players : Meredian, Henkel, EcoSynthetix Inc., Paramelt, DowDuPont, Ashland, 3M, Adhesives Research, Inc. & Yparex® Forecast to 2023

Increasing awareness on the benefits of biologically sourced adhesives, coupled with advancements in biotechnology and growth in the packaging industry, is driving their adoption in various industries across the globe. Bio-based adhesives are naturally sourced polymeric materials that can act as adhesion agents. These chemicals can be synthesized using plant and animal sources as raw materials.

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Based on type, the bio-based adhesives market has been classified into plant-based and animal-based adhesives. Historically, plant-based adhesives held the larger share in the market, owing to the low cost of processing these adhesives and the abundant availability of plant-sourced raw materials, such as soy, corn, and starch.

Based on region, the bio-based adhesives market has been categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Geographically, Europe held the largest share in the market in 2017. This can be attributed to the high demand for these adhesives in the packaging industry of various European countries, including Germany and the Netherlands.

The bio-based adhesives market is primarily driven by advancements in biotechnology, environmental regulations on petrochemical adhesives, and growth in the packaging industry. Technological innovations and research and development (R&D) in the biotechnology industry are expected to continue supporting the adoption of naturally sourced adhesives for packaging purposes.

The bio-based adhesives market is primarily hindered by the low adoption of biologically sourced adhesion materials in certain industries, owing to the low shelf life of these materials and their high substitution by conventional adhesives in the market.

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Some of the other major players operating in the global bio-based adhesives market are Meredian Holdings Group Inc., Henkel AG & Co. KGaA, EcoSynthetix Inc., Paramelt B.V., DowDuPont, Ashland Inc., 3M Company, Adhesives Research Inc., and Yparex B.V.

The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.

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