CHICAGO, July 25, 2024 /PRNewswire/ -- The
report "Sustainable Adhesives Market by
Type (Recyclable, Renewable, Biodegradable, Green), Raw Material
(Water-Based, Plant-Based, EVA Based, Acrylic Based), End-Use
Industry (Packaging, Woodworking, Construction, Medical), Region -
Global Forecast to 2029", is USD 2.9
billion in 2024 and is projected to reach USD 3.7 billion by 2029, at a CAGR of 5.2%.
The demand is expected to be fueled by a combination of
environmental, economic, and regulatory factors. Growing
environmental awareness among industries and consumers forms one of
the key drivers, as there is fast-rising demand for eco-friendly
products to help minimize ecological footprints. Across the globe,
regulatory bodies are incorporating regulations aimed at cutting
down volatile organic compounds and hazardous chemicals, hence
forcing manufacturers to use sustainable adhesives. These include
biodegradable, recyclable, and bio-based adhesives that will
clearly support global sustainability objectives in relation to a
circular economy by encouraging lower levels of waste generation
and increased re-use of materials. Technological developments have
also been an important factor. Improvements in adhesive
formulations meant the development of high-performance sustainable
adhesives with respect to bonding strength, durability, and
versatility, which did not come at the expense of the main
applications. Their applicability has increased in scope, including
industries such as packaging, construction, automotive, and
electronics. For example, in packaging, sustainable adhesives make
sure that bonded materials are easily recyclable, thus answering
consumer demand and regulatory requirements for sustainable
packaging solutions. It is further strengthened by economic
incentives. Businesses are now beginning to realize the long-term
cost advantage of sustainability, such as probable savings from
decreased landfills coupled with enhanced energy efficiency in the
production process. Moreover, CSR programs drive companies to
embrace greener options as a way of improving their brand image in
an attempt to please the green stakeholders. In particular, the
Asia-Pacific region is registering
high growth due to rapid industrialization, urbanization, and
favorable government policies promoting sustainable manufacturing
practices. Overall, consumer preferences, pressure from
regulations, technological innovations, economic benefits, and
regional industrial dynamics all combine to drive robust growth in
the sustainable adhesives market.
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180 – Tables
65 – Figures
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The water-based by raw material segment is projected to grow
at the fastest CAGR during the forecast period.
Water-based raw materials are the fastest-growing segment for
sustainable adhesives due to their eco-friendly nature, aligning
with increasing environmental regulations and consumer demand for
green products. These adhesives emit significantly fewer volatile
organic compounds (VOCs) compared to solvent-based alternatives,
making them safer for both the environment and human health.
Technological advancements have enhanced the performance of
water-based adhesives, improving their bonding strength,
durability, and resistance to heat and moisture. This has broadened
their application across various industries, including packaging,
construction, automotive, and consumer goods. Additionally,
water-based adhesives are cost-effective, easy to handle, and safer
to use, reducing health risks for workers and end-users. Their
versatility in adhering to a wide range of substrates, including
paper, wood, textiles, and certain plastics, further boosts their
adoption. The combination of environmental benefits, regulatory
support, and improved performance characteristics makes water-based
adhesives the fastest-growing segment in the sustainable adhesives
market.
The recyclable adhesives by type segment is expected to grow
at the fastest CAGR during the forecast period.
Recyclable adhesives have now emerged as the fastest-growing
segment in the sustainable adhesives market, as they play a major
role in developing circular economy principles with regard to waste
management. They help in effectively recycling bonded materials,
quite important in tightly regulated industries such as packaging
and consumer goods with high consumer demand for green solutions.
They are compatible with existing recycling processes, and their
impact on the quality of recyclate is close to zero, so they are
highly in demand. Moreover, technology advancements have made them
better performers, added versatility, and made them highly
sustainable, which has set them at such fast a pace towards massive
adoption in several industries.
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The packaging end-use industry segment is expected to grow at
the fastest CAGR during the forecast period.
The fastest-growing industry segment for sustainable adhesives
is the packaging end-use industry, which focuses on eco-friendly
and recyclable packaging solutions. Companies are now embracing
sustainable adhesives that make recycling much easier and waste
reduction possible as consumer and regulatory pressures to reduce
environmental impact strengthen. In most cases, these packaging
materials are use-and-discard and form a significant percentage of
global wastes; hence, the trend towards sustainable adhesives is
important in achieving better outcomes on the environment. There
are adhesive innovations that improve their performance for
packaging applications, provide bonding strength while remaining
recyclable and biodegradable. Besides, increased e-commerce and
brand practices drive the demand for green packaging solutions.
Fast uptake of sustainable adhesives in the packaging sector, the
largest and most prominent growth driver of the market, underlines
the enthusiasm with which businesses seek to align with corporate
sustainability goals and meet regulatory requirements.
Asia Pacific is expected to
be the largest consumer of the sustainable adhesives market during
the forecast period.
The Asia-Pacific region is the
fastest-growing sustainable adhesives regional market, driven by
rapid industrialization, increasing manufacturing capability, and
growing environmental awareness. Fast economic growth has boosted
demand for adhesives in packaging, construction, automotive, and
electronics. Stringent regulations in countries like China, Japan,
and India urge the industries to
adopt rapidly with eco-friendly products in order to cope up with
environmental standards. Besides, growing consumer awareness and
preference for green products drive demand for greener
alternatives. Technologies combined with investments in green
adhesive innovations further drive market growth. The large-scale
production facilities in this region enjoy cost efficiencies and
availability of raw materials, further strengthening its position
as the fastest-growing market for sustainable adhesives.
Key Players
The key players in this market are BASF SE (Germany), DuPont (US), Henkel AG & Co.
KGaA (Germany), H.B. Fuller
Company (US), Jowat SE (Germany),
Dow (US), Arkema (France), Avery
Dennison Corporation (US), Synthos (Poland), Paramelt B.V. (Netherlands), Artience Co., Ltd. (Japan) etc
Browse Adjacent Market: Coatings/Adhesives/Sealants
& Elastomers Market Research &
Consulting
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