Bioadhesives Market Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast 2024

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The global bioadhesives market size is projected to grow from USD 5.6 billion in 2019 to USD 9.1 billion by 2024, at a CAGR of 10.0%, between 2019 and 2024. The demand for bioadhesives, especially for green products, is increasing due to their use across varied applications in various vertical industrial segments. The rising need for improved performance, durability, and ease-of-use of eco-products are the key factors contributing to the growth of the bioadhesives industry. The market demand is led by regions, including Europe and North America.

The plant-based adhesives segment is expected to account for the larger share of the overall bioadhesives market during the forecast period. The increasing demand from end-use industries as well as from consumers for sustainable products is the key factor that is expected to drive the bioadhesives market. Bioadhesives are safer on the environment as compared to its commercially available synthetic substitutes. With various research and development initiatives taken by product manufacturers as well as research institutes, various applications of bioadhesives have been discovered over the past few years.

The bioadhesives market in the medical application is expected to witness the highest CAGR during the forecast period.
Improved and developing growth opportunities in emerging and growing markets of APAC is a vital driver of the future growth of the medical industry. It is projected that APAC’s demand for medical equipment will increase in double digits in the next five years. This is due to increase in health awareness and the technological development in countries, including India, China, Japan, and South Korea. These are the vital parameters accounting for enhanced demand for bioadhesives from the medical industry.

APAC bioadhesives market is projected to register the highest CAGR during the forecast period.
The APAC bioadhesives market is segmented into China, Japan, India, Indonesia, Thailand, and Rest of APAC. APAC is expected to be the fastest-growing market during the forecast period, in terms of volume. This is due to the high economic growth rate, increasing standard of living, rise in disposable income, and a surge in construction, packaging, medical, personal care, and other industries.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in bioadhesives market, and information was gathered from secondary research to determine and verify the market size of several segments and sub-segments.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Bioadhesives Market Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast 2024

• By Company Type: Tier 1 – 42%, Tier 2 – 25%, and Tier 3 – 33%
• By Designation: C Level – 36%, D Level – 19%, and Others – 45%
• By Region: Europe – 42%, North America – 25%, APAC – 17%, South America- 8%, and the Middle East & Africa – 8%

Research Coverage:
This report provides detailed segmentation of the bioadhesives market based on type, application, and region. Based on type, the bioadhesives industry has been segmented into plant-based and animal-based bioadhesives. Based on application, the market has been segmented into Paper & Packaging, Construction, Woodworking, Personal Care, and Medical. Based on region, the market has been segmented into APAC, Europe, North America, South America, and the Middle East & Africa.

Key Benefits of Buying the Report
From an insights perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 MARKET SCOPE 19
1.4 YEAR CONSIDERED FOR THE STUDY 19
1.5 CURRENCY 19
1.6 UNIT CONSIDERED 20
1.7 STAKEHOLDERS 20

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