Product Code: ETC7546396 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India laminating adhesives market import shipments demonstrated a robust growth trend with a notable CAGR from 2020-2024. Although the growth rate slightly moderated between 2023 and 2024, overall expansion remained strong, indicating a market that is steadily growing with positive momentum.
The India Laminating Adhesives Market is experiencing steady growth driven by increasing demand from industries such as packaging, automotive, and construction. The market is characterized by the rising adoption of flexible packaging solutions, growing awareness about product safety and quality, and the shift towards sustainable and eco-friendly adhesives. Key players in the market are focusing on innovation, product development, and strategic partnerships to enhance their market presence and cater to the evolving needs of customers. The market is also witnessing technological advancements in adhesive formulations to improve bonding strength, durability, and resistance to environmental factors. Overall, the India Laminating Adhesives Market is poised for further expansion with opportunities for growth in various end-use applications.
The India Laminating Adhesives Market is experiencing growth due to increasing demand from industries such as packaging, automotive, and construction. The shift towards flexible packaging and the rising popularity of eco-friendly and sustainable adhesive solutions are driving market growth. Manufacturers are focusing on developing innovative products to meet the specific requirements of customers, such as high bond strength, heat resistance, and compatibility with various substrates. Opportunities lie in the development of bio-based laminating adhesives, as well as the expansion of market presence in Tier 2 and Tier 3 cities in India. Collaboration with packaging manufacturers and investment in research and development are key strategies for companies looking to capitalize on the growing demand in the India Laminating Adhesives Market.
In the India Laminating Adhesives Market, some key challenges include increasing raw material costs, fluctuating exchange rates, and evolving environmental regulations. The rising prices of raw materials such as resins and solvents can impact the overall production costs for laminating adhesives manufacturers, potentially leading to reduced profit margins. Moreover, the volatility in exchange rates can affect import costs for companies sourcing materials internationally. Additionally, the tightening environmental regulations in India require laminating adhesives manufacturers to invest in sustainable and eco-friendly solutions, which can require significant investments in research and development. Addressing these challenges will be crucial for companies operating in the India Laminating Adhesives Market to remain competitive and sustainable in the long run.
The India Laminating Adhesives Market is primarily driven by the growth in the packaging industry, particularly in the food and beverage sector. The increasing demand for packaged and convenience foods, coupled with the rise in e-commerce activities, has fueled the need for high-quality laminating adhesives for flexible packaging applications. Additionally, the growth of the automotive and construction industries in India has also contributed to the demand for laminating adhesives for interior and exterior applications. Innovations in adhesive technologies, such as solvent-free and water-based adhesives, are further driving market growth by offering environmentally friendly and cost-effective solutions. Overall, the India Laminating Adhesives Market is expected to continue expanding due to these key drivers in various end-use industries.
The Indian government has implemented various policies to regulate the laminating adhesives market, aiming to promote sustainable growth and ensure product safety. These policies include the Bureau of Indian Standards (BIS) certification for laminating adhesives to meet quality and safety standards, the Goods and Services Tax (GST) for tax compliance, and the Make in India initiative to boost domestic manufacturing. Additionally, the government has introduced initiatives to encourage research and development in the adhesives sector, such as the National Chemical Policy and the National Intellectual Property Rights Policy. Overall, these policies aim to create a conducive environment for the laminating adhesives market in India, promoting innovation, quality, and compliance with regulatory standards.
The India Laminating Adhesives Market is expected to witness steady growth in the coming years, driven by factors such as increasing demand for packaged food and beverages, growth in the flexible packaging industry, and rising disposable income levels. The market is likely to benefit from technological advancements in adhesive formulations, leading to improved performance and sustainability. Additionally, the emphasis on eco-friendly and recyclable packaging solutions is anticipated to drive the demand for bio-based and solvent-free laminating adhesives in India. However, challenges such as fluctuating raw material prices and stringent environmental regulations could impact market growth. Overall, the India Laminating Adhesives Market is poised for expansion, with opportunities for innovation and sustainable solutions to cater to evolving consumer preferences and regulatory requirements.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Laminating Adhesives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Laminating Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 India Laminating Adhesives Market - Industry Life Cycle |
3.4 India Laminating Adhesives Market - Porter's Five Forces |
3.5 India Laminating Adhesives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Laminating Adhesives Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.7 India Laminating Adhesives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Laminating Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the packaging industry in India, leading to increased demand for laminating adhesives. |
4.2.2 Technological advancements in adhesives, resulting in improved performance and versatility. |
4.2.3 Rising demand for flexible packaging solutions in various industries. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production. |
4.3.2 Stringent regulations and environmental concerns regarding the use of certain adhesive components. |
5 India Laminating Adhesives Market Trends |
6 India Laminating Adhesives Market, By Types |
6.1 India Laminating Adhesives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Laminating Adhesives Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 India Laminating Adhesives Market Revenues & Volume, By Solvent-Borne, 2021- 2031F |
6.1.4 India Laminating Adhesives Market Revenues & Volume, By Water-Borne, 2021- 2031F |
6.1.5 India Laminating Adhesives Market Revenues & Volume, By Solvent-Less, 2021- 2031F |
6.1.6 India Laminating Adhesives Market Revenues & Volume, By Other Types, 2021- 2031F |
6.2 India Laminating Adhesives Market, By Resin |
6.2.1 Overview and Analysis |
6.2.2 India Laminating Adhesives Market Revenues & Volume, By Polyurethane, 2021- 2031F |
6.2.3 India Laminating Adhesives Market Revenues & Volume, By Acrylic, 2021- 2031F |
6.2.4 India Laminating Adhesives Market Revenues & Volume, By Others, 2021- 2031F |
6.3 India Laminating Adhesives Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Laminating Adhesives Market Revenues & Volume, By Packaging, 2021- 2031F |
6.3.3 India Laminating Adhesives Market Revenues & Volume, By Industrial, 2021- 2031F |
6.3.4 India Laminating Adhesives Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.5 India Laminating Adhesives Market Revenues & Volume, By Transportation, 2021- 2031F |
6.3.6 India Laminating Adhesives Market Revenues & Volume, By Other Applications, 2021- 2031F |
7 India Laminating Adhesives Market Import-Export Trade Statistics |
7.1 India Laminating Adhesives Market Export to Major Countries |
7.2 India Laminating Adhesives Market Imports from Major Countries |
8 India Laminating Adhesives Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly and sustainable adhesive solutions in the market. |
8.2 Average time taken for product development and launch of new adhesive products. |
8.3 Rate of innovation and introduction of new adhesive technologies in the market. |
9 India Laminating Adhesives Market - Opportunity Assessment |
9.1 India Laminating Adhesives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Laminating Adhesives Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.3 India Laminating Adhesives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Laminating Adhesives Market - Competitive Landscape |
10.1 India Laminating Adhesives Market Revenue Share, By Companies, 2024 |
10.2 India Laminating Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |