Bioadhesives Market worth $9.7 billion by 2025 | Key players Henkel AG & Company, KGaA, DuPont de Nemours, Arkema (Bostik SA), Ashland Global Holdings, Beardow Adams Group

According to recent market research "Bioadhesives Market by Type (Plant based and Animal based), by Application (Paper& Packaging, Construction, Woodworking, Personal Care, Medical), Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2025", The global bioadhesive market size is projected to grow from USD 6.0 billion in 2020 to USD 9.7 billion by 2025, at a CAGR of 10.0%, during the forecast period.

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The plant-based segment is expected to account for the larger share of the bioadhesive market, by type, during the forecast period.

Plant-based adhesives are natural adhesives that are derived from organic sources, such as soy protein, starch (dextrin), and lignin. They are also referred to as green, renewable, sustainable, environmentally-friendly, and bio-based adhesives. Bioadhesives find a wide range of applications in varied industries, such as woodworking, packaging, and construction.
The medical segment is estimated to be the fastest-growing application industry in the bioadhesives market during the forecast period.

The demand for healthcare products and services has greatly increased due to increasing population and awareness regarding benefits from bio-based products. For example, these adhesives are incorporated in healthcare product formulations to be used in drug delivery systems, which allow absorption of drugs to biological elements, for instance body tissues. Bioadhesives are compatible for use in biomedical applications, which involve skin or body tissue. Thus, the increasing use of bioadhesives in the medical segment is expected to drive the market over the next five years.

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The global bioadhesives market size is projected to grow from USD 6.0 billion in 2020 to USD 9.7 billion by 2025, at a CAGR of 10.0% between 2020 and 2025. The global market for bioadhesives is witnessing high growth due to governmental regulations and policies to control environmental pollution and consumer awareness for biodegradable products. The growing use of bio-based products in end-use industries is also driven by the demand for high-quality biodegradable products, investment in the market, and government policies and subsidies. The major applications of bioadhesives are packaging & paper, construction, wood, personal care, and medical.

Environmental regulations & policies against the use of petrochemical-based adhesives, growth of biotechnology and innovations by market players, and continuous fluctuation in the price of crude oil are providing opportunities for the growth of the market. Stringent environmental regulations in Europe and North America are expected to boost market growth, which would offer growth opportunities to the manufacturers. There is growing awareness and acceptance of bioadhesives in the paper & packaging, construction, and woodworking industries.

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Henkel AG & Company, KGaA (Germany), DuPont de Nemours, Inc., (US), Arkema (Bostik SA) (France), Ashland Global Holdings Inc. (US), Beardow Adams Group (England), Paramelt BV (Netherlands), Jowat SE (Germany), Ingredion Incorporated (US), EcoSynthetix Inc. (Canada), and Tate & Lyle PLC (UK) are the leading players in the bioadhesives market. They have adopted the strategies of merger & acquisition and investment & expansion to expand their global presence, broaden their product portfolio, and increase their market shares.

Henkel (Germany) was the leading company within the global bioadhesives market in 2019. It has a diversified product portfolio with several investments in product innovation. Its customers can choose from a wide variety of bioadhesive products. It has a strong network for distributing and manufacturing adhesives with more than 138 production sites to meet the changing demands of the bioadhesives industry, worldwide. Henkel's R&D activities are focused on reducing resource consumption and increasing or improving performance. Furthermore, the company is incorporating the use of digitized technologies in its R&D activities. These initiatives taken by Henkel are expected to prove beneficial for its growth over the next few years. The company also continuously focuses on its organic growth.
• In February 2020, Henkel AG has officially inaugurated its new production facility in Kurkumbh, India, near Pune. With a total investment of about USD 57 million, the business unit aims to serve the growing demand of Indian industries for high-performance solutions in adhesives, sealants and surface treatment products. Designed as a smart factory, the new plant enables a wide range of Industry 4.0 operations and meets the highest standards for sustainability.

DuPont de Nemours, Inc. (US) is a specialty chemicals company. DuPont was merged with the Dow Chemical Company (Dow) (US) in 2017 to form DowDuPont. However, in 2019, the Dow Company separated from DowDuPont and became more focused, streamlined, and one of the leading material science companies. After separation, DuPont operates through three consumer-driven segments, namely, Packaging, Infrastructure, and Consumer Care. DuPont is now in a better position to drive revenue growth and innovate products for its customers, leveraging three advantaged building blocks-ethylene, propylene, and silicones-to power one of the deepest chemistry sets in the industry. It operates in the market via four business segments, namely, Electronics & Imaging, Transportation & Industrial, Nutrition & Biosciences, and Safety & Construction. The company manufactures bioadhesives under the nutrition & biosciences segment. This segment manufactures various products, such as alginate, antimicrobials, dairy cultures, emulsifiers, dietary fibers, guar gum, and pectin. The company actively engages in R&D to improve product quality and provide new products to its clients.
• In November 2017, DuPont announced its acquisition of FMC Corporation's Health & Nutrition business (FMC H&N). The acquisition includes all segments, except the Omega-3 business. This initiative was taken with the aim to strengthen DuPont's Nutrition and Health segment by adding new products and help the company gain maximum market share in the pharma excipients industry space.

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