Profitable Business Ideas, When You Don’t Know What Industry to Start

Do you need Ideas to start a Profitable Business as an Entrepreneur? Here are 10 Best Small Business Ideas:

Wood Chips

Woodchips are small to medium sized pieces of wood formed by cutting or chipping larger pieces of wood such as trees, branches, logging residues, stumps, roots, and wood waste.

Woodchips may be used as a biomass solid fuel and are raw material for producing wood pulp. They may also be used as an organic mulch in gardening, landscaping, and restoration ecology, bioreactors for Denitrification and as a substrate for mushroom cultivation.

Wood chip, mainly used to produce paper and other products traditionally, has also been used to produce biofuel. The global demand for wood chip is increasing as policies promote the use of biomass for renewable energy. The USA has been a major exporter of wood chip worldwide. Meanwhile, European Union (EU) demand for wood chip is expected to increase rapidly in response to its renewable energy policy.

Wood chips are typically used in fluidized-bed installations, technically also in combination i.e. Co-combustion with coal. Such facilities are present all around the world. Outside Europe, the three main destinations for international wood chip trade include: Japan, Turkey, and China.

Wood Pulp

Wood pulp is wood that has been cut up into small pieces and crushed. Wood pulp is used to make paper. Wood reduced to pulp through mechanical and chemical treatment for use in the manufacture of certain kinds of paper. Wood that has been ground to a fine pulp for use in making newsprint and other cheap forms of paper, and in the production of hardboard. Finely pulped wood that has been digested by a chemical, such as caustic soda, and sometimes bleached: used in making paper.

The global wood pulp market is expected to witness a CAGR of 2.1% during the forecast period (2018 – 2023). Wood pulp is one of the most important global traded products due to its high demand in the paper production industry. The production and trade of wood pulp have become the most important industries in many countries. The pulp is a lignocellulosic fibrous material prepared by chemically or mechanically separating cellulose fibers from wood, fiber crops, or waste paper.

Growing demand is breathing new life into the wood-fiber industry and spurring new wood pulp-based consumer products. The most important factor driving the wood pulp industry is the growing global demand and consumption for tissue paper. The US is the largest consumer of tissue paper in the world, on an average 25 kg of tissue is used annually per person in the country. In the US, 37% of the tissue used is in the kitchen as kitchen towel.

Dearomatization of Kerosene Oil

Kerosene, also spelled kerosine, also called paraffin or paraffin oil, flammable hydrocarbon liquid commonly used as a fuel. Kerosene is typically pale yellow or colourless and has a not-unpleasant characteristic odour. It is obtained from petroleum and is used for burning in kerosene lamps and domestic heaters or furnaces, as a fuel or fuel component for jet engines, and as a solvent for greases and insecticides.

Kerosene and gas oil fractions are generally extracted with selective solvents to effect marked reduction in the concentration of aromatics, acidic, sulphur, organ metallic and nitrogen compounds and unstable materials. The resultant raffinates meet the product specifications which are becoming more and more stringent. Aromatics concentration in kerosene is reduced to produce jet fuels and/or illuminant kerosene.

The aromatic extracts obtained from kerosene, diesel/gasoil fractions are used as feeds for hydro cracking or for carbon manufacture or as plasticizers for rubber, depending on their suitability. A solvent suitable for refining kerosene, diesel and gas oils must have fairly high selectivity and capacity for aromatics. It should also have higher density than the feeds; low viscosity, melting point and specific heat; Good thermal stability and a marked difference in the boiling point from that of the feed. It is for this reason that liquid sulphur dioxide and furfural have been tried and used widely in the industry.

Soda Water in Plastic Pouches

Soda water is fizzy water used for mixing with alcoholic drinks and fruit juice. Soda water is carbonated water and is often used for mixing with alcoholic drinks and fruit juice. Soda Water is carbonated water with a small amount of sodium bicarbonate (aka Baking Soda) in it. It is used in making many cocktails.

Soda water is water into which low levels of pressurized carbon dioxide has been dissolved. Soda water has long been considered a wholesome alternative to regular water. Soda water has that characteristic fizz and slightly sour flavor which is why it is preferred by those who dislike the flat taste of plain still water. And aside from it being a zero-calorie drink, soda water offers a handful of other health benefits as well.

Carbonated drinks are those drinks that bubbles and fizzes with dissolved carbon dioxide gas in it. Many people find the fizzy sensation to be pleasing and are fond of the slight different taste that carbon dioxide provides. The health concerns by the consumers are leading the manufacturers to shape their corporate strategy, with diet and low-calorie varieties in the global market. The industry has moved far beyond simply offering low or reduced-sugar versions of their brands, reformulating their products to include natural rather than artificial additives.

The global carbonated beverages market is expected to reach USD 412.5 billion by 2023, at a CAGR of 2.8%, during the forecast period. Carbonated beverages sector is one of the matured industries in the worldwide beverages market. In the recent past, the industry has undergone major changes regarding product innovations and offerings. To face the growing market challenges, companies are bringing new flavors keeping in mind the health and wellness concerns of consumers.

In the recent times, the global carbonated beverages market has undergone a number of changes and the scenario is projected to remain same over the next few years. The increasing base of the young population, specifically in developing economies, together with the rise in the purchasing power of consumers is anticipated to boost this market significantly in the years to come.

Some of the key players in the global soda production market are Jones Soda Co., Cott Corporation, The Coca-Cola Company, Trend Drinks, Faygo Beverages Inc., Asahi Soft Drinks Co. Ltd., Dr Pepper Snapple Group Inc., and PepsiCo Inc. The Coca-Cola Company holds the largest share in the market, followed by Pepsico Inc. and Dr Pepper Snapple Group Inc.

Pressure Cooker

A pressure cooker is an airtight cooking device that cooks food quickly. Pressure cooker, hermetically sealed pot which produces steam heat to cook food quickly. The higher temperature of a pressure cooker penetrates food quickly, reducing cooking time without diminishing vitamin and mineral content. Pressure cookers are especially useful at high altitudes, where they alleviate the problem of low temperature boiling caused by reduced atmospheric pressure.

The pressure cookers are extensively used in household for preparing food. The pressure cookers have preference over the conventional cooking utensils due to the advantage of retaining the nutritive value and flavour of the cooked food and less time required for cooking and thus effecting considerable savings in time and fuel.

The Indian small appliances market continues to grow strongly. The increased purchasing power and evolving lifestyle has made the market extremely attractive. Out of all the pressure cookers sold annually, the South accounts for almost 40% of pressure cookers sales in India. Induction based pressure cookers have become more popular in FY'16-17.

It has been observed, keeping in view the average family, which medium size/capacity pressure cookers have greater market. With the rapid advancement in the general living standards of the people, the demand of pressure cookers is increasing day by day. Accordingly, there is great scope for setting up of the new units for manufacture of pressure cookers to standard specifications.

Digital Cinema Projector Equipment and Software Development

A digital projector is an electronic device that is capable of connecting to a computer or other device and projecting the video output onto a screen or wall. Digital projectors can be either fixed onto the ceiling, placed on a stand or can even be portable. Digital projectors are used in situations such as office training or presentation sessions, classroom teaching and home cinemas.

Projectors are one of the fastest growing product lines in India due to the booming education market. Changing lifestyles, decrease in price and rising spending on electronics has led to an upsurge in demand for high-end products including projectors.

Today Projectors have become a must have for small businesses and digital homes. Nowadays, projectors are not only a business tool but they are also an essential component of the education system as well as an option for home entertainment and gaming. The Indian projector market has seen considerable growth with the latest trends.

The projector market in India is extremely fragmented with many brands operating in various categories. With the latest HD and short throw projectors, home entertainment is getting a shot in the arm. 3D projectors are also making this category more attractive for 3D gaming and entertainment. Projectors are one of the fastest growing product lines in India thanks to the booming education market. Changing lifestyles, decrease in price and growing spending on electronics has led to an upsurge in demand for high-end products including projectors. The market in India is expected to grow at around 30%. There are also various emerging segments, which are booming with demand for projectors.

With the digitization of classrooms, many education institutions are incorporating virtual learning, e-learning, and video content-based learning’s in their curriculum to aid their faculty in teaching with digital aids, thereby revolutionizing the whole teaching and learning process. This leads to the market growth for projectors on a global level.

Orphanage with School

An orphanage is a place where children without parents are cared for and housed.If a child has no parents — because the parents died or lost custody — the child is considered an orphan. Orphans are parentless. An orphanage is an institution that takes care of orphans. An orphanage will care for tiny babies and also older children without parents. Orphanages care for children until they can be placed in homes and adopted.

A school is an institution designed to provide learning spaces and learning environments for the teaching of students under the direction of teachers. There are two types of school that is primary school for young children and secondary school for teenagers who have completed primary education.

The Indian education industry is poised for growth. This sector is changing rapidly with more private players entering the field. The government is also taking many measures to improve the quality of education in India. This industry is going to achieve its peak as the idea of business via education catches up.

India holds an important place in the global education industry. The education sector in India is poised to witness major growth in the years to come as India will have world’s largest tertiary-age population and second largest graduate talent pipeline globally by the end of 2020. The education sector in India is estimated at US$ 91.7 billion in FY18 and is expected to reach US$ 101.1 billion in FY19E.

Outdoor & Indoor Entertainment Centre

An entertainment center is a piece of furniture designed to house consumer electronic appliances and components, such as televisions.

A family entertainment center (or centre), often abbreviated FEC in the entertainment industry, (also known as indoor amusement park or indoor theme park) is a small amusement park marketed towards families with small children to teenagers, and often entirely indoors or associated with a larger operation such as a theme park. They usually cater to "sub-regional markets of larger metropolitan areas. FECs are sometimes called family amusement centers, play zones, family fun centers, or simply fun centers. Some non-traditional FECs, called urban entertainment centers (UECs), with more customized and branded attractions and retail outlets, are associated with major entertainment companies and may be tourist destinations. Others, sometimes operated by Non-Profit organizations as Children's Museums or Science Centers, tend to be geared toward edutainment experiences rather than simply amusement. FECs may also be adjuncts to full-scale amusement parks.

Family/indoor entertainment centers are gaining more popularity from the past decade in all age groups. Indoor entertainment centers are more preferred as an entertainment and leisure option by families over the outdoor entertainment centers, as the environmental factors and climate changes do not affect any fun time or experience to the customers. Customers are choosing Family entertainment centers for spending quality time with friends, children, parents, and other family members because of the availability of entertainment options such as movies, music, gaming, and food & beverages.

Rising income among families is the prime factor leading to the increase in the expenditure capabilities on entertainment and leisure activities. Families having children and young age members are spending more on entertainment activities such as bowling, and arcade games due to increasing interest of children in this kind of games. Moreover, the increasing GDP growth rates are helping individuals to improve their spending capabilities in various activities such as entertainment. Also, the constant demand for the diversified gaming and entertainment options for the customers is generating new technology implementation in the gaming such as virtual reality gaming, Augmented reality gaming, etc. These new innovations in the gaming are also responsible for driving the market demand for the family entertainment centers.

Extraction of Tannin (Edible) from Areca Nut Waste

Tannin, an astringent biomolecule is extracted from plants and fruits. It is found in various parts of plants including, barks, seeds, stem tissues, roots, and leaves. Plants have tannin content in abundance, which protects them from predation and also helps for their growth regulation. Fruits with rich tannin content include cranberries, blueberries, strawberries, hazelnuts, pecans, walnuts, grapes, and oranges.

Areca nut is the fruit produced from the palm trees of South East Asia. Although, the production of areca nut is dependent on the geographic and climatic conditions of the region. Thus, the price fluctuations are majorly dependent on the production of the areca nut. The areca nuts are consumed not only for chewing with betel leaf, but also for various rituals in South East Asia Pacific countries. India is the largest consumer and producer of areca nut in the world. As high consumption of areca nut causes severe health problems, the market for areca nut has attained maturity in the global market.

Arecanut (Areca catechu L.), being a highly profitable commercial plantation crop.Tannins is obtained as a by-product from the process of preparing immature betelnuts for masticatory purposes. The sediments found in the tannin when it is dried, is called arecanut dust. Tannins in arecanut were being used for dyeing clothes and roaps and also used for tanning leather. It can be used as an adhesive in plyboard manufacture. Another possible use of areca tannins is as a safe food coloring agent. Black writing ink of acceptable quality may be prepared. Further, it is also useful in protecting house hold furniture.

India is the major producer and consumer of arecanut in the world.Production is concentrated in six states, namely Karnataka, Kerala,Assam, Meghalaya, Tamil Nadu and West Bengal. Arecanut is the majorplantation crop of coastal and southern districts of the country under assured irrigation facility

Globally it is primarily grown in India, Bangladesh, China, Indonesia and Myanmar. India leads the production followed by China and Bangladesh. In India it is grown in Karnataka, Kerala, Assam, Maharashtra, West Bengal and parts of Tripura.

The global tannin market is expected to grow significantly during the forecast period. The increasing demand from the various end-use industries such as leather, wine, and wood adhesives is the major driving factor for the growth of tannins market. The anti-oxidation and decomposition properties of tannins are a major factor for the demand of tannins in the leather manufacturing and wine fermenting industries. The increasing consumption of alcohol is expected to boost the growth of tannin market. Moreover, the demand for tannin in the manufacturing of wood adhesives and medicines is expected to drive the growth of tannin market positively over the forecast period.

The global tannin market size was estimated at 1,076.3 Kilotons in 2015. Increasing demand from the leather manufacturing and wine making industry is expected to be a key factor driving market growth.

Aluminium Angles, Channels, Doors & Windows

Aluminium is the strongest and most durable material, easy to clean and maintain. Aluminium Anglehas rounded corners and is generally used for structural applications where strength is important.

Aluminum channel material is a great choice for structural applications where strength is important. Aluminium Channel is widely used in home and garden DIY. It is ideal for frame making, sliding doors, caravan refurbishment, shed building and cable management, to name just a few. Aluminium Channel has a right angle inside and outside corners making the ideal shape. Aluminium U Channels can be used for various different uses; including general fabrications, light construction projects, decoration vehicle construction, boat building and much more.

Aluminium doors are often used for commercial properties and retail facilities. Aluminium doors differentiate by their frame thickness, quality and stability as well as thermal and acoustic properties.

High performance aluminium windows are able to meet or exceed energy efficiency standards. Aluminium windows and doors can easily achieve improvements in heat gain and heat loss through windows by 60% rivalling more expensive timber and uPVC equivalents.

The future of the global aluminum door and window market looks promising, with opportunities in the growth of the residential and commercial construction industry. The global aluminum door and window market is estimated to reach $72.1 billion by 2021 and is forecast to grow at a CAGR of 5.1% from 2016 to 2021. The major drivers of growth for this market are increasing new construction and renovation activities.

While the growth looks imminent in aluminium consumption especially through value added products, India's downstream processing industry is likely to witness a phenomenal progress in coming years. In advanced economies, aluminium is increasingly replacing wood and steel in building sector. Aluminium cans and containers are used extensively world over.

 

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