Bioadhesive Market by Product and Geography - Forecast and Analysis 2021-2025

The bioadhesive market share is expected to increase by USD 1.56 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 13.14%.

This bioadhesive market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bioadhesive market segmentation by product (plant-based adhesives and animal-based adhesives) and geography (Europe, North America, APAC, South America, and MEA). The bioadhesive market report also offers information on several market vendors, including 3M Co., Arkema SA, Beardow & Adams (Adhesives) Ltd., Bio Adhesive Alliance Inc., Cargill Inc., Coöperatie AVEBE UA, Danimer Scientific, Henkel AG & Co. KGaA, Ingredion Inc., and LD Davis Industries Inc. among others.

What will the Bioadhesive Market Size be During the Forecast Period?

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Bioadhesive Market: Key Drivers, Trends, and Challenges

The increasing demand for bio-based hot-melt adhesives in APAC is notably driving the bioadhesive market growth, although factors such as limitations of bioadhesive may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bioadhesive industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bioadhesive Market Driver

Increasing demand for bio-based hot-melt adhesives in APAC is a major driver fueling the bioadhesive market growth. Some points which work as a helping hand to the growth of the hot-melt adhesive market in China and India are the absence of government policies related to the non-usage of high volatile organic compound adhesives. Following the regulations imposed by EPA and Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH), many players have emerged in the market with innovative products. Few other developmental strategies followed by market players include collaborations and entering into agreements for enhancing their distribution chain in growing economies. The increasing demand for bio-based hot-melt adhesives is also boosted by the availability of these adhesives not only for industrial purposes but also for consumers. End customers mainly use it for personal purposes such as repairing, decorating, and other do-it-yourself (DIY) projects. The growth of the retail segment has improved the availability of numerous products, including bio-based hot-melt adhesives, which were previously only available for industrial uses. In 2016, the retail market in India was valued at approximately $700 billion. Of the overall value, the organized retail segment accounted for only about 10.71% of the market. However, there are certain roadblocks, including lagging awareness about hot-melt adhesives in developing nations. Therefore, the market penetration for this segment is quite low despite India and China being the two largest consumer markets globally.

Key Bioadhesive Market Trend

The adoption of bioadhesives in medical and personal hygiene products is a major trend influencing the bioadhesive market growth. The use of bioadhesives in medical products is a significant application as the adhesive surface is directly applied to the human body and, therefore, the products should be of good quality and preferably non-toxic. Bioadhesives are widely used in plasters, band-aids, poultices, and surgical tapes. They are also used in wound dressings, electrodes, and transdermal patches. In hygiene products, bioadhesives are predominantly used in sanitary napkins and panty liners, incontinence pads, baby diapers, and feminine care products. The increasing concern about hygiene is one of the key growth factors for this application segment. The global baby diaper market is expected to post a CAGR of 4%-6% during the forecast period. A high level of cleanliness should be maintained during the manufacturing and packaging of hygiene products. These products have to pass several regulatory parameters before introduction into the market. Therefore, bioadhesives are used in hygiene applications.

Key Bioadhesive Market Challenge

Limitations of bioadhesives are a major hindrance to the bioadhesive market growth. Certain natural adhesives that are completely derived from bio-based raw materials possess low resistance at high temperatures compared with synthetic adhesives. To increase the resistance of bioadhesive to water, heat, and chemicals, a small proportion of synthetic substances are added to natural products during the manufacturing stage. For instance, several nanomaterials are added to bioadhesives to improve their water-resistance capacity. The strength of certain bioadhesives, such as the conventional hide glue, is extremely low and, thus, cannot be used in many applications. This can limit their adoption rate in applications that require excellent adhesion and elasticity. Bioadhesives that are generally derived from plants and animals have a low shelf life. Compared with synthetic adhesives, bioadhesives decompose faster and, thus, cannot be stored in liquid form. Thus, it is highly essential to store and transport bio-based adhesives for extended durations. It increases the inventory cost as well as the maintenance cost. Owing to the reduced shelf-life of bio-based adhesives, there is a possibility for industries and consumers to switch to synthetic adhesives. This will hamper the growth of the market during the forecast period.

This bioadhesive market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global bioadhesive market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bioadhesive market during the forecast period.

Who are the Major Bioadhesive Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• 3M Co.
• Arkema SA
• Beardow & Adams (Adhesives) Ltd.
• Bio Adhesive Alliance Inc.
• Cargill Inc.
• Coöperatie AVEBE UA
• Danimer Scientific
• Henkel AG & Co. KGaA
• Ingredion Inc.
• LD Davis Industries Inc.

This statistical study of the bioadhesive market encompasses successful business strategies deployed by the key vendors. The bioadhesive market is concentrated and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bioadhesive market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bioadhesive Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bioadhesive market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global specialty chemicals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Bioadhesive Market?

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44% of the market's growth will originate from Europe during the forecast period. Germany and France are the key markets for the bioadhesive market in Europe. Market growth in this region will be faster than the growth of the market in regions.

Increasing demand for bio-based hot-melt adhesives in APAC will facilitate the bioadhesive market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic impacted the lives of millions of people in Europe in 2020. Italy was one of the countries that registered numerous deaths and imposed lockdowns to curb the spread of the pandemic. The pandemic halted business operations in the region and led to the closure of major construction sites, packaging warehouses, and caused delays in projects in 2020. This hampered the growth of the bioadhesive market in the region. However, the rising investments in the packaging and construction industries will lead to an increase in demand for bioadhesives in Europe during the forecast period.

What are the Revenue-generating Product Segments in the Bioadhesive Market?

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The bioadhesive market share growth in the plant-based adhesives segment will be significant during the forecast period. Plant-based adhesives are extensively used owing to their easy availability and cost-effectiveness. They are easily obtained from basic raw materials such as starch, corn, and soy. Starch is a polymeric carbohydrate comprising numerous glucose units joined by glycosidic linkages. This polysaccharide is a form of energy source produced by most green plants and the most common carbohydrate in the human diet. Humans can obtain it from staple foods such as potatoes, wheat, maize (corn), rice, and cassava. Improved water resistance properties exhibited by soy-based adhesives are also driving the market for plant-based adhesives in packaging.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bioadhesive market size and actionable market insights on post-COVID-19 impact on each segment.

 

Bioadhesive Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 13.14%
Market growth 2021-2025	$ 1.56 billion
Market structure	Concentrated
YoY growth (%)	11.70
Regional analysis	Europe, North America, APAC, South America, and MEA
Performing market contribution	Europe at 44%
Key consumer countries	Germany, US, France, China, and Canada
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	3M Co., Arkema SA, Beardow & Adams (Adhesives) Ltd., Bio Adhesive Alliance Inc., Cargill Inc., Coöperatie AVEBE UA, Danimer Scientific, Henkel AG & Co. KGaA, Ingredion Inc., and LD Davis Industries Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Bioadhesive Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive bioadhesive market growth during the next five years
• Precise estimation of the bioadhesive market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bioadhesive industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bioadhesive market vendors

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