The Adhesive Tape industry in India is not as competitive and fluctuating and has fewer entrants. The major factor being the dependence on imports from the neighboring countries. The big players in the market only have a part to play, and a huge difference in the approach is yet to be seen. Srivasavi Adhesive tapes started in 2002 as a trading company, and later in 2010, came-up with its own manufacturing unit for adhesive tapes. The company offers more than 120 adhesive tapes varieties to its clients and is exporting in 25 countries at the present, while closely working with MNCs too at the present.
The company manufactures adhesive tapes from all kinds of materials like polyester fills, rayon & polyester fabrics, aluminum & copper foils, IXP, CXP, PVC foam, crepe & craft paper, and more. There are multiple sources of extraction points which the company uses for the manufacturing process. The quality of the adhesive tape however depends on the factors like variant type and application or usage in question. The other factors included are different temperatures uphold and
India Needs to Facilitate Exports
The Adhesive Tape market today has more than 500 variants to offer. There has been a lot of push in India for manufacturing within the country and contributing to more exports, thus supporting the entire cause of ‘Atmanirbhar Bharat’. However, there are certain challenges that the manufacturers in
requirement parameters. There is no single barometer for determining the quality of one variant over the other.
India face while manufacturing adhesive tapes. China takes-up the lead in this particular sector and has managed to gain a decent market share over exports. India on the other hand is yet to cross certain milestones to completely stop its dependability on imports and be a leader in exporting raw materials and finished products related to the adhesives industry.
Srivasavi has an in-house research team dedicated towards innovative products and solutions to make the company grow, while also bringing the manufacturing cost down. It exports different qualities and has a wide product range covered. The company has seen a minimum 10 percent year-on-year growth over the last five years. The pandemic has brought a surge in other industrial sectors where the application of adhesives was required and thus brought about a surge in the adhesive sector too. The company started from five employees and has now gone up to 200 employees.
Srivasavi has an inhouse research team dedicated towards innovative products and solutions to make the company grow, while also bringing the manufacturing cost down
Hugely Investing in Research & Innovation
The company continues to hugely invest in innovations and applications. The products offered by the company are highly application-based to suit the different needs of the clients. The short-term goal for the company is explore the adhesives industry more and work towards making solvent or water-based adhesives. The long-term goal for the next five years is to expand abroad and have a manufacturing setup in other countries too, working with the MNCs.
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