Product Code: ETC7550152 | Publication Date: Sep 2024 | Product Type: Market Research Report | ||
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India packaging adhesives market import shipment demonstrated strong growth momentum with a notable CAGR from 2020 to 2024. However, the growth rate between 2023 and 2024 showed a slight slowdown compared to the overall trend, indicating a stabilization phase in the market expansion.
The India Packaging Adhesives Market is witnessing steady growth driven by the rising demand for packaged goods across various industries such as food & beverage, healthcare, and e-commerce. The market is characterized by the adoption of advanced adhesive technologies to meet the evolving packaging requirements, including sustainability and cost-effectiveness. Key players in the market are focusing on product innovation and development to cater to the diverse needs of customers, such as high-performance adhesives for challenging substrates and environmentally friendly options. Additionally, the increasing emphasis on efficient packaging solutions to enhance product protection and shelf appeal is driving the demand for packaging adhesives in India. With the growing awareness about the importance of secure packaging, the market is poised for continued expansion in the coming years.
The India Packaging Adhesives Market is witnessing significant growth due to the increasing demand for packaged goods across various industries such as food and beverages, healthcare, and e-commerce. The market is experiencing a shift towards eco-friendly and sustainable packaging solutions, driving the demand for bio-based and water-based adhesives. Manufacturers are focusing on developing innovative adhesives that offer better bonding strength, faster curing time, and improved resistance to temperature variations. Additionally, the growth of the e-commerce sector is creating opportunities for packaging adhesive suppliers to provide solutions for secure and tamper-evident packaging. Overall, the India Packaging Adhesives Market is poised for steady growth, driven by consumer preferences for sustainable packaging solutions and the booming e-commerce industry.
The India Packaging Adhesives Market faces several challenges, including the fluctuating prices of raw materials such as resins and solvents, which can impact the overall production costs. Another challenge is the increasing demand for sustainable and eco-friendly adhesive solutions, pushing manufacturers to innovate and develop more environmentally friendly products. Additionally, the market is highly competitive, leading to price wars among manufacturers and distributors. The lack of standardized regulations and quality control measures in the industry poses a challenge in ensuring product consistency and quality across the market. Finally, the rapid technological advancements and changing consumer preferences require companies to stay updated with the latest trends and invest in research and development to remain competitive in the market.
The India Packaging Adhesives Market is primarily driven by the increasing demand for packaged goods across various sectors such as food & beverage, pharmaceuticals, and e-commerce. The growth of the e-commerce industry, coupled with changing consumer preferences towards convenient and attractive packaging, is fueling the demand for packaging adhesives. Additionally, stringent regulations regarding the use of eco-friendly and sustainable adhesives are pushing manufacturers to innovate and develop bio-based adhesives. The rising disposable income and urbanization in India are also contributing to the market growth as more consumers opt for packaged products. Furthermore, advancements in adhesive technologies, such as improved bonding strength and faster curing times, are driving the adoption of packaging adhesives in the country.
The Indian government has implemented various policies related to the packaging adhesives market to promote sustainability and environmental consciousness. These policies include regulations on the use of eco-friendly and biodegradable adhesives to reduce environmental impact. Additionally, the government has introduced incentives and subsidies for companies that adopt sustainable packaging practices, encouraging the use of recyclable materials and reducing waste generation. Furthermore, there are strict guidelines in place to ensure the safety and quality of packaging adhesives, with regular inspections and compliance checks to maintain industry standards. Overall, the government`s focus on promoting sustainable packaging solutions is driving innovation and growth in the India packaging adhesives market.
The India Packaging Adhesives Market is expected to witness steady growth in the coming years due to increasing demand from various industries such as food and beverage, pharmaceuticals, and e-commerce. The market is driven by rapid urbanization, growing disposable income, and the shift towards sustainable packaging solutions. Additionally, the rise of e-commerce platforms has created a higher demand for innovative packaging adhesives that can withstand various transportation conditions. The market is also likely to benefit from technological advancements in adhesive formulations, leading to improved performance and sustainability. Overall, the India Packaging Adhesives Market is projected to expand at a healthy rate, driven by the increasing need for efficient and eco-friendly packaging solutions across industries.
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 Packaging Adhesives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Packaging Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 India Packaging Adhesives Market - Industry Life Cycle |
3.4 India Packaging Adhesives Market - Porter's Five Forces |
3.5 India Packaging Adhesives Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Packaging Adhesives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Packaging Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Packaging Adhesives Market Trends |
6 India Packaging Adhesives Market, By Types |
6.1 India Packaging Adhesives Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Packaging Adhesives Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 India Packaging Adhesives Market Revenues & Volume, By Water-Based, 2021- 2031F |
6.1.4 India Packaging Adhesives Market Revenues & Volume, By Solvent-Based, 2021- 2031F |
6.1.5 India Packaging Adhesives Market Revenues & Volume, By Hot-Melt, 2021- 2031F |
6.2 India Packaging Adhesives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Packaging Adhesives Market Revenues & Volume, By Flexible Packaging, 2021- 2031F |
6.2.3 India Packaging Adhesives Market Revenues & Volume, By Folding Boxes and Cartons, 2021- 2031F |
6.2.4 India Packaging Adhesives Market Revenues & Volume, By Sealing, 2021- 2031F |
6.2.5 India Packaging Adhesives Market Revenues & Volume, By Labels and Tapes, 2021- 2031F |
6.2.6 India Packaging Adhesives Market Revenues & Volume, By Other Applications, 2021- 2031F |
7 India Packaging Adhesives Market Import-Export Trade Statistics |
7.1 India Packaging Adhesives Market Export to Major Countries |
7.2 India Packaging Adhesives Market Imports from Major Countries |
8 India Packaging Adhesives Market Key Performance Indicators |
9 India Packaging Adhesives Market - Opportunity Assessment |
9.1 India Packaging Adhesives Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Packaging Adhesives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Packaging Adhesives Market - Competitive Landscape |
10.1 India Packaging Adhesives Market Revenue Share, By Companies, 2024 |
10.2 India Packaging Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |