As cited by the research report titled ‘Global Bio adhesive market size study by Type (Plant based and Animal based), by Application (Paper& Packaging, Construction, Woodworking, Personal Care, Medical), and Regional Forecasts 2021-2027’, available with Market Study Report, global bio adhesive market was worth USD 6 billion in 2020 and is projected to grow with a healthy CAGR of 10% to accumulate USD 11.69 billion over 2021-2027.
 

Use of adhesives produced from renewable resources in manufacturing sector, and subsequent product demand across several industries ranging from packaging to medical are the major factors driving global bio adhesive market growth.
 

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Moreover, ample availability of raw materials like corn, soy, and starch is likely to generate lucrative prospects for the business scenario. Additionally, strict regulations by the government are positively swaying the industry dynamics.
 

For instance, the U.S. Environmental Protection Agency (EPA) and the Food & Drug Administration (FDA) articulate the use of bio-based contents in adhesives, thus encouraging manufacturers to develop more bio-based sustainable products.
 

As cited in the report, factors like short shelf life, alongside tenderness & low resistance of raw materials towards heat & water are likely to act as restraints to market progression over the forecast period.
 

For the record, bio adhesives are polymers that adhere to biological tissues for a long period. Simply put, bio adhesives are a form of glue produced artificially from biological monomers like sugars.
 

Based on type, worldwide bio adhesive industry is segmented into animal based and plant based. Speaking of application range, the marketplace is divided into paper& packaging, woodworking, construction, medical and personal care, among others.
 

Geographically, Asia Pacific, North America, Europe, and Latin America are chief contributors towards the overall industry valuation. Of these, Europe is currently dominating the market share on account of stringent environmental regulations.
 

Meanwhile, North America market is anticipated to expand lucratively through 2027, owing to growing demand of bio-based products.
 

Prominent players influencing the worldwide bio adhesive market trends are Tate & Lyle PLC, EcoSynthetix Inc., Ingredion Inc., Jowat SE, Paramelt B.V., Beardow & Adams (Adhesives) Ltd., Ashland Global Holdings Inc.., DuPont de Nemours Inc., Arkema S.A., Merck KGaA, and Henkel AG & Co. KGaA.