If you’re looking for a manufacturing business idea,
Here are 5 Small and Medium-sized Manufacturing Businesses that you can start today.
Not all startups need to be complex or big in order to be successful. In fact, there are plenty of small and medium-sized manufacturing businesses that you can start right away, using your skills and knowledge. Here are 5 examples of businesses you can start today that will generate immediate income while you work on growing the business further. If you have the right skill set and the know-how to succeed at these 5 types of manufacturing businesses, then you’re ready to roll up your sleeves and get started!
Manufacturing businesses are the backbone of many economies around the world, and starting one doesn’t have to be difficult. All you need to do is find something people will want to buy and then figure out how to make it in large enough quantities that your costs per unit can come down low enough to turn a profit on your business. Here are 5 small and medium-sized manufacturing businesses you can start today with almost no startup cost or upfront investment!
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Rice Husk based Biodegradable Cutlery Making Plant
Rice husk is a surprising robust substance that can withstand a lot of wear and is long-lasting. Rice husk cutlery is one of the most durable biodegradable silverware options, withstanding temperatures of over 100 degrees Celsius without injury. The smooth, glossy surface of this reusable tableware is created entirely of natural wax extracted from rice husks.
Business Plan: Rice Husk based Biodegradable Cutlery Making Plant
Biodegradable Knives, forks, chip forks, coffee stirrers, spoons, and teaspoons are among the biodegradable cutlery available. The items, which come from well-known brands like Plastico and Vegware, are all food-grade and constructed of renewable resources.
Rice husk cutlery is relatively long-lasting and reusable, lasting up to three years depending on temperature and care. As a result, these flatware pieces are ideal for parties, quick-service restaurants, and restaurants.
Rice husk cutlery does not melt when exposed to high heat or cold, unlike plastic silverware. This means they’ll last longer than the disposable plastic ones. You can even warm them up in the microwave! Rising demand for disposable and low-cost utensils in many developing economies is fueling the growth of the biodegradable cutlery sector.
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They’ve become popular at a number of large gatherings, such as parties, rallies, and social gatherings. At a number of parties and huge events, the demand for reusable spoons and plates is constantly increasing.
The global biodegradable cutlery market was worth USD 33.9 million in 2018, and it is predicted to grow at a 5.9% CAGR between 2019 and 2025. Market growth is expected to be boosted by rising public awareness of the detrimental impacts of non-biodegradable garbage.
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NPK Complex Organic Fertilizer Plant
Fertilizers are soil additives that are used to encourage plant growth. The main nutrients supplied in fertilisers are nitrogen, phosphorous, and potassium, with other elements added in lower amounts. The macronutrients, which include nitrogen (N), phosphorus (P), and potassium (K), are the most important nutrients for plants in terms of weight (i.e. NP-K).
Business Plan: NPK Complex Organic Fertilizer Plant
- Organic fertiliser supplies all of the nutrients that plants require, albeit in little amounts.
- It helps to maintain the soil’s C:N ratio while also increasing the soil’s fertility and productivity.
- It enhances the soil’s physical, chemical, and biological qualities.
- It improves the soil’s structure as well as texture.
- It improves the soil’s water-holding capacity.
- The nutrients in the lower depths are made available to the plants due to an increase in biological activity.
- It functions as much as possible, reducing moisture evaporation losses from the soil.
They also minimise fertiliser imports, which makes it easier for India to produce its own fertilisers. Furthermore, governing bodies are providing farmers with the essential help through a variety of schemes and the introduction of new technologies to develop better fertilisers at discounted rates, which is favourably impacting market growth. The market is predicted to increase at a CAGR of 4.8 percent during the next five years (2022-2027).
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Because many fertilisers find their way into human diet, using organic fertilisers minimises the risk of diseases in humans. Blood meal, bone meal, composites, earthworm castings, bat guano, fish emulsion, alfalfa meal, feather meal, and rock phosphate are some of the most popular organic fertilisers on the market. Organic fertilisers are normally chosen once the crop’s nutritional requirements have been determined.
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Ethyl Acetate Production Business
Ethyl acetate (sometimes spelled EtOAc or EA) is a colourless organic ester molecule with the formula C4H8O2 (usually written as EtOAc or EA). Because it is strongly miscible with all common organic solvents (alcohols, ketones, glycols, esters), it is widely used as a cleaning, paint remover, and coatings solvent. Ethyl acetate is found in alcoholic beverages, cereal crops, radishes, fruit juices, beer, wine, and spirits.
Business Plan: Ethyl Acetate Production Business
It smells like fruit and can be found in glues, nail polish removers, decaffeinating tea and coffee, and cigarettes. Because of its pleasant perfume and inexpensive cost, this chemical is widely used and manufactured on a large scale all over the world.
Because of its wide range of applications, solvent demand is always on the rise. As regulations on dangerous pollutant emissions from manufacturing processes become more rigorous, the necessity of so-called “green chemistry” (non-toxic chemicals for the environment and living beings) is becoming more obvious.
Related Business Plans: Chemicals (Organic, Inorganic, Industrial) Projects
Ethyl acetate and other solvents are used in a range of industrial processes, including the chemical industry. Because of its wide range of applications, solvent demand is always on the rise. As a result, it’s vital that commonly used solvents have a smaller impact on human health and the environment. The toxicity of ethyl acetate is modest, and it is also biodegradable.
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As a result of these advantages, market demand for this “green chemistry” product has skyrocketed. Reduced energy and utility consumption, as well as lower waste output and a closed-cycle economy, are the driving forces behind sustainable development and solid engineering practise.
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Industrial Enzymes used in Textile, Poultry and Paper Pulp Industries
Industrial enzymes are enzymes that are employed in a range of industries, including medicines, chemical manufacturing, biofuels, food and beverage, and consumer goods. Biocatalysis using isolated enzymes is now regarded more cost-effective than using whole cells, thanks to recent advances.
Business Plan: Industrial Enzymes used in Textile, Poultry and Paper Pulp Industries
Enzymes are great catalysts because they are extremely selective and work under a variety of circumstances. Enzyme businesses have designed proteins that can work in severe process conditions, such as those that involve solvents, salts, and high temperatures, by combining the correct enzymes with genetic engineering. The global market for industrial enzymes is presently valued at $1.8 billion per year, and it is increasing at a rate of more than 20% per year.
In India, the bio industrial sector, which primarily consists of enzyme firms, contributes roughly 5% of the country’s GDP and is estimated to be worth Rs. 3,950 million, with a 5.33 percent growth rate. Novozyme is the market leader in India for industrial enzymes and is establishing a new R&D laboratory in Bengaluru. India continues to import 70% of its enzyme demand from the United States, Canada, and China.
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The market for industrial enzymes was valued at USD 4.61 billion in 2016, and is expected to increase at a CAGR of 5.8% from 2017 to 2022. India’s industrial enzymes market is expected to exceed US$ 361 million by 2020, thanks to the country’s growing food processing, tannery, and textile manufacturing industries. Food and beverage, household care, animal feed, leather manufacture, textile processing, pharmaceuticals, and other industries all use industrial enzymes.
Watch other Informative Videos: Biotechnology, Bio-Technology, Industrial Biotechnology, Biotech Sector, Industry, Biotech Projects, Vermicompost, Biofertilizer, Organic Farming.
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Curcumin Extraction Unit
Curcuminoids, fat-soluble polyphenolic pigments, give turmeric its vibrant yellow colour. The most active curcuminoid in turmeric, curcumin, is commonly recognised as the most active component. Two other curcuminoids found in turmeric are demethoxycurcumin and bisdemethoxycurcumin. Turmeric has been used in India for centuries as a spice and colour, as well as for medical uses.
Business Plan: Curcumin Extraction Unit
Curcumin is a spice that is used to provide colour to a number of dishes. The Draft Codex General Standard for Food Additives has a detailed list of such foods. Curcumin is allowed in dairy products, fats, oils, and fat emulsions, confectionery, cereal products, bakery wares, meat and meat products, fish and fish products, eggs and eggs products, spices, soups, sauces, and protein products, foodstuffs for specific nutritional purposes, beverages, ready-to-eat savouries, and composite foods.
The market for curcumin surpassed USD 70 million in 2020, with a CAGR of more than 11% predicted between 2021 and 2027. Curcumin is commonly used to treat cancer and Alzheimer’s disease, among other serious conditions. It’s also used to treat cancer, arthritis, and viral infections, so it’ll continue to be in high demand in the pharmaceutical industry.
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