The global bioadhesives market exceeded 750 kilo tons in 2015. The capacity is estimated to increase from 2 million tons in 2023 to almost 2.5 million tons by 2024. Demand for bio-based eco-friendly products is anticipated to drive the market during the forecast period (2016-2024). Greater awareness about the adverse effects of synthetic materials can propel market growth. Additionally, bio-based origin and low manufacturing costs should execute a primary role in industry growth.

The use of bioadhesives in flexible packaging could boost demand for the product. Moreover, robust demand from chemical and healthcare applications may impel market growth. Most governments worldwide are regulating chemical industries in an attempt to reduce the use of fossil fuels. This could substantially increase the demand for bioadhesives. Environmental regulations that promote the use of biodegradable products could positively impact the market.

The product will witness substantial growth because of greater awareness about the ill effects of synthetic materials. Moreover, its bio-based property and low production cost could positively affect demand. Fluctuating crude oil prices may influence the prices of petrochemical-based adhesives. This in turn would hike the prices of synthetic adhesives and boost demand for the same in the years to come.

Furthermore, awareness about the durability of packaging from natural sources could favor industry growth. Depletion of conventional resources propels the demand for packaging materials derived from natural resources. Bioadhesives are used in packaging & paper industries, like cigarettes & filters, printed sheets lamination, flexible packaging, and specialty packaging. Demand for frozen foods may add to industry growth.

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The global bioadhesives market is fragmented into sources, applications, and regions. Sources are split into animal base and plant base. Starches and gelatin are the key ingredients that are used in these bonding agents. In 2014, plant based adhesives dominated with more than 85% of the total market volumes. Availability of raw materials, like soy, corn, and starch at low prices is projected to increase the production of these glues during the forecast period.

Animal based adhesives could expand at a CAGR of over 13% till 2024. These glues are derived from animal bones, hides & hooves and are commonly used in wood work. However, the low shelf-life of such adhesives can hinder the growth of the bioadhesives industry.

On the basis of applications, the industry is divided into personal care, medical, packaging & paper, construction, and wood, among others. Packaging & paper led the application segment in 2014, with the highest share (in terms of volume) of over 37%. Application of bioadhesives in food & beverages packaging will drive this segment till 2024. Bioadhesives are mostly used in industries, such as printed sheets lamination, cigarettes & filters, specialty packaging, and flexible packaging. These adhesives should necessarily exhibit high elasticity, durability, and eco-friendliness. Also, they need to be renewable, biodegradable, and safe enough to be used in food packaging.

Construction was the second largest application in 2014 and is likely to exhibit considerable growth till 2024. This application uses bioadhesives for wall lamination and residential roofing. Medical applications held nearly 10% shares in 2014. They would grow at over 13% CAGR during the forecast period. The adhesive is used extensively in applications, such as transdermal drug delivery, dressing wounds, skin-bonded monitoring devices, and surgeries. These natural adhesives possess biocompatible properties that make them ideal for uses involving skin and body tissues.

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