Bioadhesive market size was estimated at over 750 kilo tons in 2015 and is likely to exceed 2.0 million tons by 2023. This industry is likely to grow at over 12% up to 2023.
Green adhesive market size, in terms of revenue, was valued over USD 850 million in 2015 and is likely to be worth more than USD 2.5 billion by 2023. Europe bioadhesive market size was estimated at over 320 kilo tons in 2014 and is likely to continue its dominance over the forecast period. Government norms towards adopting bio-based products are likely to drive regional demand. Packaging & paper application accounted for more than 38% of the total consumption in Europe. Personal care applications are likely to gain significant rates with CAGR of above 12.5% up to 2023.
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Packaging & paper was the dominant application segment and accounted for more than 37% in 2014. Construction segment was the second largest application and are likely to witness significant growth rates. Medical applications accounted for less than 10% of the market share and are likely to witness highest gains with an estimated CAGR of over 13.5% up to 2023.
Plants were the largest source for green adhesives and accounted for more than 85% of the share in 2014. Animal based products likely to witness steady growth rates with an estimated CAGR of over 13% up to 2023. Raw material will play a critical role in determining bioadhesive market price trend.
Growing awareness towards sustainable packaging from bio based sources owing to depleting conventional resources is likely to favor growth. It is used in various sustainable packaging applications such as cigarettes & filters, printed sheet laminations, specialty and flexible packaging. Increasing packaging applications from frozen food industry is also likely to drive market.
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Companies are investing significantly are involved in continuous research to develop products and broaden current application scope. The global bioadhesive market share is moderately consolidated and is characterized by large scale and small scale manufacturers. Companies involved in this market include Dow Chemical Company, 3M Company, Henkel and Ashland. Other prominent companies include Cryolife, Yparex B.V., Danimer Scientific LLC., Arkema, Ecosynthetix Inc. and Bioadhesive Alliance Inc.
This latest Bioadhesive (Green Adhesive) market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Bioadhesive (Green Adhesive) industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Bioadhesive (Green Adhesive) Market Size, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.” in detail along with the table of contents:
Key Insights in this Report
- Bioadhesive (Green Adhesive) market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Bioadhesive (Green Adhesive) market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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