How Will The Bioadhesives Market Expand Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Bioadhesives Global Market Report 2023, the bioadhesives market is expected to show significant growth in the forecast period.
Key insights from the bioadhesives market forecast include:
- Market Size
The global bioadhesives market is expected to grow from $4.52 billion in 2022 to $5.07 billion in 2023, at a compound annual growth rate (CAGR) of 12.1%. The bioadhesives market size is expected to grow to $7.47 billion in 2027 at a CAGR of 10.2%.
- Major Driver
Governmental rules and policies aimed at reducing pollution are helping to drive the bioadhesives market forward. For example, the United Kingdom government announced further goals to be incorporated into the Environment Act 2021 in March 2022, including a legally binding aim to reduce fine particulate matter (PM2.5) levels to 10 micrograms per cubic metre (g/m3) by 2040. The new targets included a 35% reduction in population exposure to PM2.5 by 2040 compared to 2018 levels, as well as water, air quality, and biodiversity. As a result, governmental regulations and policies to limit environmental pollution are projected to drive the bioadhesives market forward.
View More On The Bioadhesives Market Report 2023 – https://www.thebusinessresearchcompany.com/report/bioadhesives-global-market-report
- Key Trend
Strategic partnerships and collaborations have emerged as major market trends in the bioadhesives market. Key participants in the bioadhesives industry are focusing on partnerships and cooperation to strengthen their positions. For example, in March 2021, Technol, a UK-based clean technology business, teamed with Beardow Adams, a UK-based bioadhesive manufacturer. They hoped to offer packaging solutions for sustainable packaging to support a sustainable future through this collaboration. Furthermore, Bemis Associates, a US-based manufacturer of thermoplastic films, tapes, and adhesives, will collaborate with DuPont Tate & Lyle Bio Products to develop the world’s first SewFree product created from renewable materials in January 2021. DuPont Tate & Lyle Bio Products is a bioadhesive company established in the United States.
- Major Players
Major players in the bioadhesives market are Arkema S.A., Beardow Adams, Ashland Global Specialty Chemicals Inc., EcoSynthetix Inc., Bioadhesive Alliance Inc., DuPont, Tate & Lyle PLC, Cryolife Inc., Yparex B.V., Camurus, Follmann GmbH & Co. KG, Kollodis BioSciences Inc., and Bemis Associates Inc.
- Top Market Segments
The global bioadhesives market is segmented –
1) By Type: Plant-Based, Animal-Based
2) By Production Methods: Direct Chemical Synthesis, Bacteria and Yeast Fermentation, and Natural Organism Farming
3) By Industry: Packaging Industries, Paper and Pulp Industries, Construction Industry, Personal Care, Healthcare, Other Industries
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The Bioadhesives Global Market Report 2023 provides an in-depth analysis on the bioadhesives market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the bioadhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
View More Related Reports –
Bio-Lubricants Global Market Report 2023
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