Biobased wood adhesives are essential to reducing the dependence of wood-based panels on petrochemical and formaldehyde-emitting resins. This review critically synthesizes recent progress in lignin-, tannin-, starch-, furan/HMF-, organic acid-, and soy protein-based adhesive systems, with emphasis on chemical reactivity, curing mechanisms, water resistance, processability, and industrial relevance. The discussion distinguishes laboratory performance from industrial feasibility by considering specific press time, solids content, viscosity, raw material variability, emissions, cost, life-cycle performance, and compatibility with particleboard, medium-density fibreboard, plywood, and related engineered wood products. Lignin and tannins are highlighted as the most chemically compatible phenolic platforms, starch and soy systems as abundant but moisture-sensitive binders requiring targeted crosslinking, HMF and furan derivatives as promising aldehyde-type formaldehyde-free crosslinkers, and citric acid systems as attractive polyester-forming binders with pressing-temperature limitations. The review concludes that near-term adoption will most likely proceed through hybrid and partially biobased systems, whereas fully biobased adhesives require faster curing, standardized feedstocks, pilot-scale validation, and transparent techno-economic and life-cycle assessment.