The packaging industry is witnessing rapid growth, thanks to the expanding e-commerce industry and the surging penetration of internet and smartphones all across the globe. The growth of the packaging industry is further resulting in the increasing need for packaging adhesives that are needed for providing strength to packaging materials. Conventionally, petroleum-based adhesives are utilized in the industry, however, a number of countries have now started implementing strict regulations regarding the use of such materials. This is due to the surging environmental concerns all across the globe.
Ascribed to such factors, packaging industries have now started using bio-based adhesives, which are produced using natural sources and do not cause as much harm to the environment. In addition to being eco-friendly, these adhesives are aid in improving the performance of the product by providing enhanced elasticity and durability. Further technological advancements are being made in the industry that are aiming at improving chemical and mechanical properties of bio-based adhesives, which is predicted to result in their increased demand in the near future. It is due to such factors that the global bio-based adhesives market is expected to register considerable growth in the years to come.
The different types of bio-based adhesives are animal-based and plant-based, between which, the demand for plant-based adhesives has been higher up till now. This can be owing to the low processing cost and high availability of these adhesives, which include starch, soy, and corn. Some of the major application areas of bio-based adhesives are medical, packaging & paper, personal care, wood, and construction. Out of all these, the packaging & paper industry created a considerable demand for bio-based adhesives in the past. This can particularly be ascribed to the increasing awareness regarding sustainable packaging solutions among people.
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These packaging solutions are extensively being utilized in a number of packaging applications including printed sheet laminations, cigarette filters, and specialty and flexible packaging. Apart from this, the demand for bio-based adhesives is also expected to rise in the medical industry in the coming years, as they are being adopted in the industry in areas of wound care and transdermal drug delivery.
Considering the geographical scenario, the European region emerged as the largest bio-based adhesives market in the past, which can be due to the surging demand for these from the region’s packaging industry. In addition to Europe, North America is also among the major markets for adhesion agents that are sources naturally. The presence of major companies, expansion of end-use industries, and large-scale local manufacturing in these regions are creating high-volume demand for bio-based adhesives.
In conclusion, the demand for bio-based adhesives is growing due to the surging awareness regarding environmental concerns, strict government regulations, and expanding packaging industry.