High environment awareness and government support has led demand for bioadhesives. Bioadhesives has found huge application in packaging & paper, wood, construction, and medical industries. Rising international trade has surged demand in the global bioadhesives market. Moreover, Growing penetration in packaging application such as cigarettes and filters, printed sheets lamination, specialty packaging, and flexible packaging are likely to advance demand for bioadhesives over the next few years.
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Another significant that led demand for bioadhesives in the medical industry is the ongoing of research and development activities in the healthcare sector. Bioadhesives are used during surgeries, wound care dressing, transdermal drug delivery, and skin-bonded monitoring devices. Use of bioadhesives is also grown in surgical sutures, as an alternative will further drive the demand in the global bioadhesives market. Availability of raw material such as soy, starch, and corn-based adhesives in abundance is also expected to provide a fillip in this market.
Leading players manufacturing bioadhesives are engaged in extensive research and development activities. They are even innovating with ways of producing bioadhesives that is likely to drive demand in this market. Some of the prominent players in this market include Arkema, Henkel AG & Co. KGaA, Cargill, Incorporated, Danimer Scientific, and 3M.
Growing use of bioadhesives in healthcare sector triggered market performance
The use of bioadhesives is increasing in the healthcare industry for biomedical use. Growing awareness among consumer about the adverse effects of synthetic materials has triggered its demand in healthcare industry. Strict regulations and increasing individual and industrial inclination for using bio-based products has increased demand for bioadhesives in the healthcare industry.
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Moreover, bioadhesives are used while treating cancer of internal organs. Since last few years, bioadhesives have been replacing surgical suturing or say medical glues that were used for conventional fixation. These changes have opened new growth opportunity for the bioadhesives market.