With new plant in Gujarat, Bostik foresees high growth

Opportunity in Indian adhesives through disruptive innovations

398
Ganeshan MV, managing director of Bostik India at Labelexpo in Greater Noida

At Lableexpo India, Ganeshan MV, the managing director of Bostik India, explained the key role of adhesives in a variety of industries. “Adhesives are a performance product,” he said, “and not just at the point of supply but also for the lifetime of use of the product.” Bostik is a leading adhesive specialist in the country that emerged out of an agreement between Coates India and Bostik UK in 1991.

Headquartered in Bengaluru, the company now has three factories and 15 warehouses in the country. Last year it opened a new modern production facility in Gujarat. It has recently invested in state-of-the-art technology and equipment to produce advanced hot melt pressure-sensitive adhesives (HMPSA) for a range of industrial sectors including tapes and pressure-sensitive labels, transport and footwear. At Lableexpo in Greater Noida, the company showcased its range of adhesive solutions including smart adhesives for label applications using difficult substrates.

Ganeshan explained to us that the Indian adhesives market is currently in the region of US$ 1.3 billion (approximately Rs. 9,000 crore) and is growing rapidly. “With the rapid growth of India’s adhesives market through disruptive innovations, we have new opportunities,” he said. “Our key strengths in India would include flexible food packaging where we would see a growth of more than 25% this year. With the market growing at more than 10% and also having a new plant in Gujarat to service a range of new and existing customers, we expect to keep up a strong growth momentum in this segment.”

As you join us today from India and elsewhere, we have a favour to ask. Through these times of ambiguity and challenge, the packaging industry in India and in most parts of the world has been fortunate. We are now read in more than 90 countries as our coverage widens and increases in impact. Our traffic as per analytics more than doubled in 2020 and many readers chose to support us financially even when advertising fell to pieces.

As we come out of the pandemic in the next few months, we hope to again expand our geography and evolve our high-impact reporting and authoritative and technical information, with some of the best correspondents in the industry. If there were ever a time to support us, it is now. You can power Packaging South Asia’s balanced industry journalism and help to sustain us by subscribing.

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here