Bio-based Adhesives Market Growth, Development and Demand Forecast Report 2030
With the rising implementation of strict environmental regulations in several countries, on account of the growing pollution levels and environmental degradation, the sales of bio-based adhesives are picking up rapidly across the world. In the recent times, the governments of many countries have enacted stringent regulations that limit the usage of petrochemical-based adhesives. This has, in turn, fueled the requirement for eco-friendly alternatives such as bio-based adhesives, which are naturally produced unlike the petrochemical ones.
Besides the aforementioned factors, the rising requirement for wood-based and personal care products are also boosting the sales of bio-based adhesives across the globe. Furthermore, the rapid technological advancements being made and the extensive research and development (R&D) activities being conducted in the biotechnology industry are causing the swift development of highly advanced bio-based adhesives that can be used in packaging applications. These adhesives are being increasingly used for the production of tapes, labels, multi-layer films, and cardboard boxes.
These adhesives are extremely durable and have high elasticity.
Additionally, they are very environment-friendly and significantly improve the product performance in the packaging industry. Moreover, with the boom of the global packaging industry, the requirement for these adhesives will soar in the coming years. The other major factor pushing up the demand for bio-based adhesives is the surging disposable income of people, especially in the developing countries around the world.
The increasing spending power of people is augmenting the sales of various wooden products, in which, the bio-based adhesives are used quite heavily. Hence, due to the ballooning sales of these adhesives all over the world, the global bio-based adhesives market is growing at an explosive pace and will exhibit huge expansion in the future years. Historically, the usage of the plant-based adhesives was observed to be considerably higher than the animal-based ones, mainly because of their lower processing costs.
For more insights : Packaging & Paper, Construction, Wood, Personal Care,