10 Promising and Innovative Startups for Entrepreneurs. List of Profitable Manufacturing Industries for Starting your own Business
India is one amongst the first five largest startup communities in the world with the number of startups crossing 4,200, a growth of 40 per cent, by the end of 2015.
Here are list of Business Ideas that’ll make you Money in 2019:
Ark of Ajwain, Pudina, Saunf & Gulab (Extracts of Carom Seeds, Mint, Fennel & Rose)
Ajwain (Carom Seeds)
Ajwain’s small, oval-shaped, seed-like fruits are pale brown schizocarps, which resemble the seeds of other plants in the Apiaceae family such as caraway, cumin and fennel. They have a bitter and pungent taste, with a flavor similar to anise and oregano. They smell almost exactly like thyme because they also contain thymol, but they are more aromatic and less subtle in taste, as well as being somewhat bitter and pungent. Even a small number of fruits tends to dominate the flavor of a dish.
Pudina (Mint)
Mint or Pudina is a common ingredient used to flavor dishes all around the world. It is also a common ingredient in cosmetic products thanks to the excellent skin care benefits that it offers. It is often found in moisturizers, cleansers, conditioners, lip balms, and even shampoos.
The global mints market is expected to reach USD 7.76 billion by 2023 registering a healthy CAGR of 4.2% during the forecast period. About 397million Kg of mints consumed in 2016, which is growing at a stable growth rate.
Rising sugar-free chewing gum sale possess a healthy competition to mint market in the recent year with the introduction of hybrid products composed of mint and gum. Consumer preference for mint remains high as compared to chewing gum due to its oral benefit and low sugar content. Innovation in products with various flavors drives the mint market. Impulse purchase, convenient pack, innovation in products has fueled the mints market growth.
Saunf (Fennel)
Fennel (Foeniculum vulgare) is a flowering plant species in the carrot family. It is a hardy, perennial herb with yellow flowers and feathery leaves. It is indigenous to the shores of the Mediterranean but has become widely naturalized in many parts of the world, especially on dry soils near the sea-coast and on riverbanks.
The global fennel seeds market to grow at a CAGR of 14.08% during the period 2017-2021. The primary reason for the growth of the global fennel seeds market is the increasing awareness about the health benefits of fennel seeds. It aids in digestion, reduces obesity, helps with menstrual problem, helps eliminate bad breath, and relieves chronic coughs. The growth in organized retail increases the product availability for consumers, which drives the market.
The global market for fennel seeds is dependent on the factor of demand side. Owing to its flavor and aroma. Furthermore, the innovations pertaining to the personal care industry have further inspired the growth of the international market for fennel seeds. Fennel seeds are found to be relaxing and soothing agent in the aromatherapy. Owing to the availability of products of organic fennel seeds, it has become possible for the consumers who prefer organic ingredients, to purchase the product. This has further impacted the growth of the said market positively. The fennel seeds market come with a wide range of applications in the market, particularly as seasoning and flavor ingredient. It is also used soft drinks and beverages. Such widespread usage is boosting the growth of the market.
The increasing demand for aromatherapy is one of the latest trends that will gain traction in the fennel seeds market in the coming years.
Gulab (Rose)
Rose plant is globally popular and culturally significant flowering plant that is cultivated across the world, with many varieties being native to Asia. Rose extracts are medically or therapeutically significant components that are derived from petals, fruits, leaves and seeds of the rose plant. Each of these types of extracts has been part of traditional medicines but are finding increasing commercial applications.
In the case of rose extract, a high presence of vitamin C is a major driver for its adoption in the food and beverage industry. For instance, it has been observed that rose contain over 50% more vitamin C than oranges. In this context food fortification, which is the addition of one or more beneficial ingredients to food and beverage products, is an important opportunity for rose extracts. Rose extracts is also gaining prominence for its role in the treatment of osteoarthritis, which is a condition that affects bone and joint health in the elderly population.
The Rose Extract market is segmented on the basis of type, application, and form. The global rose extract market is primarily driven by increasing use of rose petal oil for the treating health conditions in the geriatric population. Moreover, increasing preference of consumers for natural and organic ingredient products is expected to favor the market growth. In addition to this, rose oil are the safe and harmless alternatives to allopathic solutions is also pushes the market growth. However, the presence of a high number of substitute products at competitive prices is hampering the market growth.
Cotton Fibers from Waste Cloth
Cotton is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus Gossypium in the mallow family Malvaceae. The fiber is almost pure cellulose. Under natural conditions, the cotton bolls will increase the dispersal of the seeds.
Cotton, one of the world’s leading agricultural crops, is plentiful and economically produced, making cotton products relatively inexpensive. The fibres can be made into a wide variety of fabrics ranging from lightweight voiles and laces to heavy sailcloths and thick-piled velveteens, suitable for a great variety of wearing apparel, home furnishings, and industrial uses. Cotton fabrics can be extremely durable and resistant to abrasion. Cotton accepts many dyes, is usually washable, and can be ironed at relatively high temperatures.
Cotton is the most widely produced natural fiber on the planet. Other natural fibers include silk, made from the cocoons of silkworms; wool, made from the fur of sheep or alpacas; and linen, made from fibers in the stems of flax plants. Every part of the cotton plant can be used. The long cotton fibers are used to make cloth, the short fibers can be used in the paper industry. You can make oil or margarine out of the seeds of the cotton plant. The leaves and stalks of the cotton plant are plowed into the ground to make the soil better. Other parts of the plant are fed to animals.
Cotton today is the most used textile fiber in the world. Its current market share is 56 percent for all fibers used for apparel and home furnishings and sold in the U.S. Another contribution is attributed to nonwoven textiles and personal care items. The earliest evidence of using cotton is from India and the date assigned to this fabric is 3000 B.C.
Cotton generated revenue nearly USD 7 billion in 2016. High strength & elasticity, tear-resistant and less prone to pilling & static are key properties supporting growth in this segment. Further, improved shelf-life, wrinkle free and ease in sewing are the other factors enhancing product scope. Nylon/wool will witness over 3% CAGR by 2024. Benefits including reduced cost, absence of skin irritation and less wear-tear are factors supporting product demand.
Welded Wire Mesh (MS and SS)
Welded wire mesh, or welded wire fabric, or “weld mesh” is an electric fusion welded prefabricated joined grid consisting of a series of parallel longitudinal wires with accurate spacing welded to cross wires at the required spacing. Machines are used to produce the mesh with precise dimensional control.
Welded wire mesh is constructed with two orthogonal wires that are joined together at their intersections using a resistance welding process to form a grid. The line wires of the grid are guided through the welder using a pattern board. The machine drops cross wires into place and fuses them together to create the two distinctive planes that form welded wire mesh.
The Welded Wire Mesh Panel is one such crucial constituent that continues to gain demand from all corners of the globe. The global Welded Wire Mesh market is differentiated on the basis of product category and segments Electro Galvanized Welded Wire Mesh, Hot Dipped Galvanized Welded Mesh, PVC Coated Welded Mesh, Welded Stainless Steel Mesh, and Welded Wire Fencing Panels. Also, sub-segments Construction, Agricultural, Industrial, Transportation, Horticultural and Food Procuring Sector.
Transparent Rigid PVC Film Roll (For Packaging Industry)
Transparent Rigid PVC Films & Sheets are primarily used for signage, photo frames, Box windows, advertisement display stands & smart cards. These sheets are offset printable, fusable & offer excellent transparency & light transmission. They can be used as replacement for Acrylic sheets for thickness below 1.5 mm. These sheets also come with removable protective masking film on both sides for avoiding scratches & nail marks.
The market number for transparent rigid PVC film is derived on the basis of both primary and secondary research. Evaluation of the share of various sides transparent rigid PVC film suppliers based on product type, transparent color and application through secondary research and data validation through primary interactions. The demand scope of the market is estimated of the basis of penetration of transparent rigid PVC film in various applications. Initially, in-depth secondary research is done to have the idea about overall market size, top industry players, industry associations, etc.
The rigid transparent plastics market is driven by its easy-to-handle, durable, and lightweight characteristics. These are widely employed in the food & beverage industry for manufacturing packaging covers or materials. Growth in the food & beverage industry has a direct impact on the consumption of rigid transparent plastics for packaging. Rigid plastic packaging accounted for more than 15% share of usage in the food & beverages industry. Many developed countries are shifting to packaging covers made from clear plastics; primarily, polypropylene and polystyrene.
Abrasive Cloth Rolls (Abrasive Emery Cloth)
Emery cloth is a type of coated abrasive that has emery glued to a cloth backing. It is used for hand metalworking. It may be sold in sheets or in narrow rolls, typically 25 or 50 mm wide, often described as “emery tape”. The cloth backing makes emery cloth stronger in tension than sandpaper, but still allows a sheet to be conveniently torn to size.
Abrasive cloth is generally used in shoe industry, painting workshops, furniture and leather industry, metal, wood, glass and automotive industries. Abrasive cloth (Emery cloth) is originally restricted to finishing applications such as polishing or preparing surfaces for painting or plating.
Abrasive cloth /emery cloth as a polishing, cleaning, shaping, smoothing and finishing material is mainly used in the metal, wood, glass and the like. The demand for the product is currently met through import. The major suppliers of abrasive/emery cloth to the Ethiopian market are China, Germany, United Arab Emirates, and Britain among others. Demand for abrasive cloth/emery cloth will increase with the development of the manufacturing sector mainly the wood and metal sub sectors.
Bamboo Toothpicks
Bamboo toothpicks are widely used in many Asian countries, especially in China where there are a large number of small-scale toothpick production units. Bamboos are renewable, can be harvested annually and are an ideal source of softwood for light uses such as toothpicks.
Though the demand for the product is always high as it is used daily in homes and the entire hospitality industry, toothpick production is one of the most commonly overlooked business but very profitable and has big potential for job creation and growth. The raw materials (bamboos) for making toothpicks are locally available meaning there is reduced cost of production and an assurance of regular raw material supply, steady productivity, enhanced production capacity and profitability.
The demand for toothpick has been growing over the years, marked by the growing demand for fast food products. This is shown by the growth and remarkable performance of fast food restaurants in the local market.
Milk Chilling & Packaging Plant, Milk Processing Plant (Milk Chilling and Milk Packaging)
Milk is the most valuable protein food that widely consumed by people all over the world. The milk plants include the fluid milk production, cheese production, yogurt production, ice cream production to make the huge variety of milk products like cheese, butter, cream, skimmed milk, yogurt, toned milk or double toned milk and much more. The milk processing industry in India will rise at an overall compound annual growth rate (CAGR) of 20.5%, and will be worth USD 53.17 billion by 2020.
Increasing urbanization, rising incomes, and the proliferation of food and grocery retail outlets across tier 2 and tier 3 cities has led to an increasing accessibility and demand for processed milk products in India. However, the Indian milk processing industry is yet to achieve its full potential due to challenges such as gaps in the supply chain, insufficient cold storage and distribution facilities, and lack of quality feed.
The U.S. market by was valued at USD 792.0 million in 2016 and is predicted to grow at a CAGR of 6.1% from 2017 to 2025. The U.S. dairy industry has experienced some major change over the past few years as the consumption of processed milk products is increasing significantly and production of the same is declining. Moreover, reduction in cow number and increasing per capita consumption of milk are some of the major challenges witnesses by the country.
The milk packaging market is expected to register a CAGR of 2.77 % during the forecast period (2018-2023). The rise in production of milk across the globe is expected to have a positive impact on the market growth over the forecast period. Furthermore, the correct choice of packaging material in accordance with the weather conditions helps in ascending shelf life of the product which is likely to boost the utilization.
Apart from providing safety and hygiene of products, it enables differentiation of products of two distinct companies or competitors. Moreover, increase in demand for single serve milk packs is estimated to fuel the growth of the global milk packaging market during the forecast period. In addition, several health & nutritional benefits associated with the use of packaging materials have fueled the demand for milk in the recent years, which is expected to drive the global market during the forecast period.
The global milk packaging market is segmented based on packaging type, material, and geography. On the basis of packaging type, it is categorized into cups, cans, bottles, pouches, and others. Based on material, it is classified into glass, plastic, metal, paperboard, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Cloth Surgical Adhesive Tape
Cloth Adhesive Surgical Tape provides secure durable skin adhesion. Designed with strong, lightweight construction. Tears easily without shredding. This Premium Cloth Tape is a good quality durable tape that can be ripped in both directions.
Surgical tape or medical tape is a type of pressure-sensitive adhesive tape used in medicine and first aid to hold a bandage or other dressing onto a wound. These tapes usually have a hypoallergenic adhesive which is designed to hold firmly onto skin, dressing materials, and underlying layers of tape, but to remove easily without damaging the skin. They allow air to reach the skin (“breathable”). Some breathable tapes such as Kinesiology Tape, and other elastic bandages with adhesive are made of cotton. Surgical tape is often white because it contains zinc oxide, which is added to help prevent infections.
Adhesive Tapes Market was valued at USD 48.56 Billion in 2016 and is projected to reach USD 69.42 Billion by 2022, at a CAGR of 6.26% during the forecast period. In this study, 2016 has been considered as the base year, and the forecast period is between 2017 and 2022.
The adhesives tapes market has been segmented on the basis of resin type, backing substrate, technology, category, application, and region. Based on resin type, the adhesives tapes market has been classified into acrylic, rubber, silicone, and others. Silicone-based adhesive tapes maintain adhesion over a large temperature range and possess the ability to adhere to difficult surfaces. The overall adhesive strength of silicone-based adhesive tapes is lower than that of other adhesive tapes.
Caustic Soda Flakes from Sea Water
Caustic soda flakes (technical sodium hydroxide flakes) – flake mass of white color, very hygroscopic, very soluble in water and alcohol. The formula is NaOH. Technical sodium hydroxide flakes are obtained by evaporating of liquid caustic soda А grade.
Caustic Soda Flakes is a flexible fundamental synthetic with an extensive variety of mechanical applications. It is exceedingly insolvable is water and is for all the insoluble in most natural solvents with exception of alcohols. Caustic Soda Flakes is available in the form of lye (solution in water), as strong and as pieces. Caustic Soda Flakes is an inorganic concoction compound having a place with the gathering of the most grounded alkalies, it is profoundly hygroscopic and solvent in water and alcohols.
The global caustic soda market was valued at 78,833.08 kilotons in 2017 and is expected to grow at a CAGR of approximately 5.15% during the forecast period (2018 – 2023). The market is mainly driven by the growing demand from the chemicals industry, the rising demand for alumina in the automotive industry, and the increasing demand for paper and paperboards. On the flipside, energy-intensive production process is expected to hinder market growth.
The global caustic soda market is segmented as the type, application and region. On the basis of type, caustic soda market is segmented as lye, flake and others. On the basis of application, market is segmented as inorganic chemical, organic chemical, alumina, soap & detergents, pulp & paper, water treatment, textiles, dye & ink and others. Based on the region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Naphthalene from Coal Tar & Petroleum Waste
Naphthalene is an organic compound with formula C10H8. It is the simplest polycyclic aromatic hydrocarbon, and is a white crystalline solid with a characteristic odor that is detectable at concentrations as low as 0.08 ppm by mass. As an aromatic hydrocarbon, naphthalene’s structure consists of a fused pair of benzene rings. It is best known as the main ingredient of traditional mothballs.
Naphthalene is the most abundant single constituent of coal tar, a volatile product from the destructive distillation of coal, and is also formed in modern processes for the high-temperature cracking (breaking up of large molecules) of petroleum. It is commercially produced by crystallization from the intermediate fraction of condensed coal tar and from the heavier fraction of cracked petroleum. The substance crystallizes in lustrous white plates, melting at 80.1°C (176.2°F) and boiling at 218°C (424°F). It is almost insoluble in water. Naphthalene is highly volatile and has a characteristic odour; it has been used as moth repellent.
Naphthalene is a class of an organic compound with chemical formula C10H8. It is considered as the simplest polycyclic aromatic hydrocarbon, and is a white solid chemical that sublimes easily. Naphthalene is manufactured commercially from either coal tar or petroleum; majorly it is produced from coal tar across the globe.
Naphthalene is used in the manufacturing of phthalic anhydride and also used in mothballs. Additionally, it is used as surfactant & wetting agent, plasticizer, and pesticide in numerous end use industries such as building & construction, agriculture, household cleaning, textile and others.
The global naphthalene market is categorized into five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific region is predicted to grow with the fastest CAGR during the review period, (2016 to 2023) on account of expansion of numerous end use industries such as building & construction and agriculture among others.
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