Global Bioadhesives Market 2019-2023 | 13% CAGR Projection Through 2023 | Technavio
The global bioadhesives market is expected to post a CAGR of nearly 13% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global bioadhesives market 2019-2023 (Graphic: Business Wire)
Growing consumer awareness about the need for sustainability and the environmental impact caused by plastic is compelling companies to adopt sustainable packaging solutions. This has increased the use of bioadhesives in packaging applications such as printed sheet laminations, flexible packaging, cigarettes and filters, cases and cartons, and specialty packaging. The growing demand for such packaging solutions from the food and beverage as well as the retail industry will foster the growth of the global bioadhesives market during the forecast period.
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As per Technavio, the adoption of bioadhesives in medical and personal hygiene products will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Bioadhesives Market: Adoption of Bioadhesives in Medical and Personal Hygiene Products
The adhesive on medical and personal hygiene products comes in direct contact with the human body, and hence the adhesive must be non-toxic. This increases the use of bioadhesives in plasters, band-aids, poultices, and surgical tapes. They are also widely used in sanitary napkins and panty liners, incontinence pads, baby diapers, and feminine care products. The growing consumer awareness about personal hygiene is increasing the demand for these products. This, in turn, will positively influence the growth of the global bioadhesives market during the forecast period.
“Growing awareness about the benefits of bioadhesives and improvements in technology by vendors will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Bioadhesives Market: Segmentation Analysis
This market report segments the global bioadhesives market by product (plant-based adhesives and animal-based adhesives) and geography (APAC, Europe, MEA, North America, and South America).
The European region led the market in 2018, followed by North America, APAC, South America, and MEA respectively. During the forecast period, the European region is expected to maintain its dominance over the market. This can be attributed to the presence of stringent government regulations in favor of bioadhesives and growing awareness about the harmful effects of synthetic adhesives.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Customer Landscape
Geographical Segmentation
- Geographic comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Vendor classification
- Market positioning of vendors
About Technavio
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