In recent years, bio-based wood adhesives have gained an increased industrial and research interest as an environmentally friendly and renewable alternative to the commercial petroleum-based synthetic adhesives used in the wood-based industry. Due to its renewability, abundance, relatively low price, and good adhesion properties, starch is a promising natural feedstock for synthesizing bio-based adhesives for wood-based composites. This review aims to summarize the recent advances in developing sustainable starch-based wood adhesives for manufacturing non-toxic, low-emission wood composites with enhanced properties and lower environmental impact. Recent developments in starch modification, physical, and enzymatic treatments applied to improve the performance of starch-based wood adhesives, mainly in terms of improving their water resistance and bonding strength, are also outlined and discussed.