Press release
Bioadhesives Market Report 2023 : Size, Trends, Drivers, Growth And Outlook 2032 | Arkema S.A., Beardow Adams, Ashland Global Specialty Chemicals Inc., EcoSynthetix Inc.
Bioadhesives Market Research
The Business Research Company's Bioadhesives Global Market Report 2023 identifies governmental regulations and policies to control environmental pollution as the major driver for the Bioadhesives market's growth in the forecast period. The governments are more concerned about the adverse effects of pollution on public health and the environment, so they have implemented regulations to control air pollution, and this has increased the demand for the use of bio-based materials such as bioadhesives. For instance, in March 2022, the United Kingdom government set additional goals to be incorporated into the Environment Act 2021, including a legally obligatory goal to reduce fine particulate matter (PM2.5) levels to 10 micrograms per cubic metre (g/m3) by 2040.
The global bioadhesives market size grew from $4.52 billion in 2022 to $5.07 billion in 2023, at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bioadhesives market size is expected to grow to $7.47 billion in 2027 at a CAGR of 10.2%.
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Major competitors in the Bioadhesives market are Arkema S.A., Beardow Adams, Ashland Global Specialty Chemicals Inc., EcoSynthetix Inc., Bioadhesive Alliance Inc., DuPont, Tate & Lyle PLC, Cryolife Inc., Yparex B.V., Camurus, Follmann GmbH & Co. KG, Kollodis BioSciences Inc., and Bemis Associates Inc.
A key trend in the Bioadhesives market includes strategic partnerships and collaborations have emerged. For instance, in March 2021, Technol, a UK-based company operating in clean technology, partnered with Beardow Adams, a UK-based company that manufactures bioadhesives. With this collaboration, they intended to offer packaging solutions for sustainable packaging to support a sustainable future. Moreover, in January 2021, Bemis Associates, a US-based manufacturer of thermoplastic films, tapes, and adhesives, partnered with DuPont Tate & Lyle Bio Products partnered to launch the world's first SewFree product made from renewable materials.
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The Bioadhesives market is segmented -
By Type: Plant-Based, Animal-Based
By Production Methods: Direct Chemical Synthesis, Bacteria and Yeast Fermentation, and Natural Organism Farming
By Industry: Packaging Industries, Paper and Pulp Industries, Construction Industry, Personal Care, Healthcare, Other Industries
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Bioadhesives market.
The Business Research Company's "Global Bioadhesives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bioadhesives Market Include:
1. Executive Summary
2. Bioadhesives Market Characteristics
3. Bioadhesives Market Trends And Strategies
4. Bioadhesives Market - Macro Economic Scenario
5. Bioadhesives Market Size And Growth
……
26. Africa Bioadhesives Market
27. Bioadhesives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bioadhesives Market
29. Bioadhesives Market Future Outlook and Potential Analysis
30. Appendix
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