Biopolymers derived from renewable resources are an emerging class of advanced materials that offer many useful properties for a wide range of food and nonfood applications. Current state of the art in research and development of renewable polymers as adhesives, gums, binders, and emulsions is the subject of this review. Much of the focus will be on major biopolymers such as starch, proteins, lignin, oils, and their derivatives found in both natural and modified forms, but other biopolymers of promising commercial interest will also be included where warranted. Polymers produced in nature are remarkably diverse in their chemistry, thermomechanical properties, rheology, plasticity, and chemical reactivity. In particular, their capacity to undergo a wide array of chemical modifications yields materials with tailored properties suitable for use as adhesives, gums, coatings, emulsions, and binders. Many such materials are now widely used in commercial products like building materials, lubricants, sealants, coatings, bonding aids, pharmaceuticals, paper, glues, flocculants, processed and frozen foods, as well as tissue engineering and bone repair products. This review provides a general overview of biobased polymers highlighting their source, availability, properties, and usage in industrial products along with the future prospects, challenges, and opportunities they offer.