October 28, 2024 2:25 PM
According to an exclusive report offered by management consulting firm MarketsandMarkets, the global market for bio-adhesives is expected to be worth approximately $14.60 billion by 2029. The report, Bio-adhesives Market by Product Type (Natural, Synthetic), Type (Plant-base, Animal-based), Application (Paper & Packaging, Construction, Woodworking, Medical, Personal Care), and Region — Global Forecast to 2029, projects the market to grow from $9.65 billion in 2024 to $14.6 billion by 2029, growing at a compound annual growth rate of 8.6%. The study reports that Europe accounts for the largest share of the bio-adhesives market. The demand for bio-adhesives is experiencing significant growth across various applications, including paper and packaging, construction, woodworking, medical, personal care, and more. Nations including Germany, the UK, France, China, Japan, India, and the United States, are expected to play a crucial role in driving the bio-adhesives market forward.
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