Global Biobased Adhesives Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

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Biobased Adhesives Market Analysis

The bio-based adhesives market is experiencing significant growth, driven by an increasing demand for sustainable and environmentally friendly products. As consumers and industries become more conscious of environmental impacts, there is a growing shift towards bio-based adhesives that are derived from renewable resources rather than petrochemicals. This shift is further supported by stringent environmental regulations and policies aimed at reducing carbon footprints and promoting the use of eco-friendly materials. The market is bolstered by advancements in technology and formulation, which have improved the performance and versatility of bio-based adhesives, making them competitive with traditional adhesives in various applications. Industries such as packaging, construction, automotive, and consumer goods are adopting these adhesives due to their reduced environmental impact and compliance with green building standards.

Biobased Adhesives Market Size

Global biobased adhesives market size was valued at USD 903.80 million in 2023 and is projected to reach USD 3087.88 million by 2031, with a CAGR of 16.60% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Biobased Adhesives Market Trends

“Development of New Applications of Biobased Adhesives”

The growth of the biobased adhesives market is significantly driven by the development of new applications across various industries such as automotive, textiles, and consumer goods. In the automotive sector, bio-based adhesives are increasingly used for interior bonding, noise reduction, and lightweight assembly, providing both environmental and performance benefits. The textile industry is shifting towards these adhesives for fabric bonding and garment production, spurred by the demand for sustainable fashion. The consumer goods sector is also adopting bio-based adhesives for packaging and product assembly, in response to the rising consumer preference for eco-friendly products.

For instance, in May 2024, PearlBond ECO 590 HMS TPU, a high-performance resin derived from renewable sources, was introduced. This adhesive is suitable for diverse applications, including furniture, edge banding, electronics, hot melt film, textile lamination, seam tape, footwear, and transportation. Its fast-setting nature, excellent adhesion properties, toluene-free composition, and high temperature and hydrolysis resistance make it a versatile and environmentally friendly alternative. The expansion into these new applications not only enhances the market reach of bio-based adhesives but also drives innovation, positioning them as adaptable solutions for evolving industry needs. As more companies adopt bio-based adhesives for various uses, the market is expected to continue its growth trajectory.

Report Scope and Market Segmentation       

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Biobased Adhesives Market Definition

Bio-based adhesives are adhesive products formulated from renewable biological resources rather than traditional petrochemical sources. These adhesives derive their primary components from natural materials such as plant extracts, vegetable oils, starches, and proteins. They are designed to offer similar or enhanced performance characteristics compared to conventional adhesives while contributing to environmental sustainability by reducing reliance on fossil fuels and minimizing ecological impact.   

Biobased Adhesives Market Dynamics

Drivers  

• Rising Corporate Sustainability Goals             

Businesses across various sectors are increasingly committed to reducing their environmental footprint, which includes transitioning to materials that are derived from renewable sources and have a lower impact on ecosystems. Biobased adhesive, being produced from sustainable resources and offering a reduced reliance on fossil fuels, align well with these sustainability objectives. By incorporating these adhesives into their products and processes, companies not only enhance their environmental credentials but also cater to the rising consumer demand for eco-friendly solutions. This trend reflects a strategic move towards long-term environmental stewardship and helps companies differentiate themselves in a competitive market focused on sustainability.                 

• Growth in the Packaging Industry  

With consumers and regulatory bodies increasingly prioritizing sustainable practices, packaging manufacturers are seeking alternatives to conventional adhesives that align with environmental goals. Bio-based adhesives, which offer a lower carbon footprint and are derived from renewable resources, fit well into this trend towards greener packaging solutions. Biobased packaging adhesive is used in a variety of applications, from food and beverage packaging to consumer goods, helping to reduce the environmental impact associated with packaging materials. The expansion of the packaging industry, driven by the rising demand for eco-friendly solutions, significantly boosts the adoption of bio-based adhesives.

Opportunities

• Development of Biodegradable Adhesives        

The development of biodegradable adhesives represents a significant advancement in meeting growing environmental concerns. Combining bio-based origins with biodegradability, these adhesives offer a dual benefit: they are made from renewable resources and break down naturally after use, minimizing their environmental impact. This innovation addresses the increasing demand for products that contribute to a circular economy and reduce waste. The advantages of biobased adhesives are especially relevant in applications where disposal and environmental impact are critical, such as in packaging and consumer goods. As the focus on sustainable and environmentally friendly products intensifies, the ability to produce adhesives that are both bio-based and biodegradable positions companies to meet market needs and regulatory requirements more effectively.                                  

• Advancements in Manufacturing Technology

Advancements in manufacturing technology are poised to transform the bio-based adhesives market by reducing production costs and enhancing competitiveness. Innovations in processing techniques, automation, and material handling can lead to more efficient production methods, lower energy consumption, and streamlined operations. As manufacturing processes become more refined, the cost of producing bio-based adhesives can decrease, making them more competitive with traditional adhesive products. Additionally, these technological improvements can lead to higher consistency and quality in adhesive products, further boosting their appeal to manufacturers. The ongoing development in manufacturing technology thus plays a crucial role in expanding the market for bio-based adhesives by making them more accessible and cost-effective.

Restraints/Challenges

• Limited Raw Material Supply

The supply of raw materials for bio-based adhesives is often restricted due to the reliance on specific renewable resources such as plant-based polymers or organic materials. This dependence on a limited range of raw materials can lead to supply chain constraints, affecting the ability to scale production effectively. Variability in the availability of these resources, influenced by agricultural factors, environmental conditions, and market demand, can result in fluctuating prices and potential shortages. As a consequence, manufacturers might face difficulties in maintaining consistent production levels and meeting market demands, which can hinder the growth and stability of the bio-based adhesives market.

• High Production Costs

The production of bio-based adhesives typically involves higher costs compared to traditional adhesives, primarily due to the complexities associated with sourcing renewable materials and the advanced processing techniques required. The use of specialized equipment and technology to ensure the performance and quality of bio-based adhesives contributes to elevated production expenses. These higher costs can be attributed to the relatively nascent stage of technology, lower economies of scale, and the premium pricing of raw materials. As a result, the increased cost of bio-based adhesives may limit their adoption, especially in price-sensitive markets or applications where cost-effectiveness is a critical factor.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Biobased Adhesives Market Scope

The market is segmented on the basis of type, raw materials, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Animal-Based
• Plant-Based

Raw Materials

• Rosin
• Starch
• Lignin
• Soy
• Others

Application

• Packaging and Paper
• Construction
  • Residential Construction
  • Commercial Construction
  • Industrial Construction
• Wood
  • Plywood
  • OSB
  • Glulam
  • Others
• Personal Care
  • Skincare
  • Oral care
  • Others
• Medical
  • Medical Devices
  • Operating Equipment

Global Biobased Adhesives Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, type, raw materials, and application as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

Europe is expected to dominate the market due to high demand driven by stringent environmental regulations on conventional adhesives, which is boosting market growth in the region.  

Asia-Pacific is expected to be the fastest growing due to increasing demand for healthcare products, fueled by rising awareness of health issues in emerging countries, which is likely to accelerate market expansion in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Global Biobased Adhesives Market Share

The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Biobased Adhesives Market Leaders Operating in the Market Are:

• 3M (U.S.)
• Henkel Adhesives Technologies India Private Limited (India)
• Merck KGaA (Germany)
• Arkema (France)
• H.B. Fuller (U.S.)
• Paramelt B.V. (Netherlands)
• Danimer Scientific (U.S.)
• Ashland (U.S.)
• Adhesives Research, Inc. (U.S.)
• Yparex (Netherlands)
• CryoLife (U.S.)
• Tate & Lyle (U.K.)

Latest Developments in Biobased Adhesives Market

• In April 2024, labelstock specialist VPF expanded its adhesive portfolio with HM302, a new high-bonding hotmelt adhesive based on organic rubber. This mineral oil-free, bio-based adhesive boasts a certified organic content of at least 45 percent, a low carbon footprint, and higher initial tack compared to all previous VPF adhesives
• In March 2022, biotech company Conagen announced the development of highly sought-after debondable hot melt adhesives, created using high-performance materials derived from sustainable and natural bio-molecules

SKU-60300