Industrial Products Business Ideas: The manufacturing sector holds considerable business opportunities till today. Providing that a company makes an appropriate choice of the product to manufacture and implements proper procedures, sustainable businesses can be set up and made to grow.
This article outlines five simple yet very lucrative avenues in manufacturing. These include the production of bottled sugarcane juice, normal saline, corn starch, citric acid, and rice noodles.
Each of these subsections explains in very simple terms what the product is about, how the product is produced, what the demand for the product is, and other important aspects of this business.
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Bottling of Sugarcane Juice-Industrial Products Business Ideas
Product Description
Sugarcane juice is a sweetened refreshing drink much sought after by many. The juice is highly perishable, and therefore the bottling plant would act to preserve the product for the consumers to enjoy long after it has been made.
How the System Works
The workers at the plant first wash and press the sugar cane sticks to get the juice out, and then the juice would be filtered from impurities. In order to preserve the juice and keep it from spoiling, either the workers would heat the juice, or think more modernly, and use high-pressure pasteurization.
The juice is bottled and stored in a refrigerated facility. It is then distributed in temperature-controlled vans.
Market Demand and Growth-Industrial Products Business Ideas
Yearly, there is an increase in the demand for bottled sugarcane juice owing to the consumers’ preferences for natural and healthy beverage choices. Thus, the market expands at a rate of about 5-6% every year. Many countries in Asia, Africa, and South America trade in high volumes of sugarcane drinks.
Business Considerations
An aspiring entrepreneur must ideally be close to sugarcane farms, maintain proper hygiene standard of machines used in the preparation, and keep the juice cooled while convening it. Further: enhancing packaging and branding marketing enhances product visibility and potential sales.
Read More: How to start a Manufacturing Business of Sugarcane Juice Preservation and Bottling Plant
Normal Saline-Industrial Products Business Ideas
Understanding the Product
Normal saline consists of nothing but water and salt. Saline is given to patients in hospitals as an intravenous fluid, for cleaning wounds, and for some general management of patient care. Normal saline thus be maintained on demand all the time, making it a needful product.
How The Process Works
First of all, the plant will have to purify water to a very high degree. Then there will have to be added a very precise amount of medical-grade salt. After that, sterilization of the solution must occur.
Finally, sterile saline is dispensed into bags or bottles under sterile conditions. Quality control checks must then occur to ensure that there is no contamination before the product is released into the market.
Market Demand and Growth
Every year there is a rise in demand for normal saline solution because new hospitals and clinics continue to crop up, while rising healthcare expenditure is exacerbating this demand. The annual compounded growth of normal saline has been estimated at around 7% per annum.
Business Considerations-Industrial Products Business Ideas
To have success, a saline plant will require a clean room, health and safety approvals, sterile equipment, and very importantly, the compliance with set regulatory requirements that govern the safety of drugs.
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Corn Starch Granules
Understanding the Product
Corn starch is a prime example of a smooth white powder that is produced from maize. It finds use first and foremost as an ingredient for thickening liquids like soups and sauces and for making snacks of various kinds.
Moreover, it is found as a constituent in myriad uses in pharmaceuticals, textile, and paper industries. Due to the versatile applications, the demand for it remains ever.
How The Process Works
Initially, factories soak the corn, causing the kernels to also soften. The kernels are then crushed using a machine and the starch is separated from the fiber and oil. Next comes purifying the starch from all impurities and drying it into a fine powder.
Some starch is modified in a plant so as to enhance some of its particular attributes. Finally, bags are dispatched to the food and other industries.
Market Demand and Growth
Due to its immense application in the food industry, pharmacy, and biodegradable products, corn starch is in demand every passing second. The market is expected to reach almost 40 billion dollars by 2030.
Business Considerations
To reduce costs of raw materials, factories would need to be in proximity to corn farms. They are needed to have proper wastewater disposal and secure supply contracts with time.
Citric Acid
Understanding The Product
Citric acid is an acid that is sour in taste and found in lemons and oranges. Nonetheless, with regard to factories, it is produced mainly through sugar fermentation. Food companies, beverage producers, cleaning companies, and cosmetics all use it in large amounts.
Read More: How to start Manufacturing Business of Citric Acid
How The Process Works-Industrial Products Business Ideas
Sugar water is made in big tanks. Then a safe fungus ferments the sugar into citric acid. After that, the acid is separated from the rest of the mixture. Then it is filtered and crystallized from the mixture. When crystallization of the mixture gets done, the crystals will be washed and dried. The pure citric acid will then be packaged and sold.
Market Demand And Growth
Most citric acid is purchased by food and beverage companies, and demand is only increasing as people use more packaged drinks and cleaning products. Demand is also increasing at an approximate rate of 5-6 percent per year.
Business Considerations
A citric acid plant needs fermenting tanks, some drying devices along with certain waste-handling systems. Citric acid to be used in food requires a very high level of purity, and this should always be guaranteed by the entrepreneur.
Rice Noodles-Industrial Products Business Ideas
Understanding the Product
Asian recipes are popular as Rice noodles are also gluten-free and nowadays, since many people have started acquiring a taste for everything Asian, it has started to disappear on supermarket shelves.
How This Process Works
The manufacturers start with grinding rice for a fine flour dough. Added then is water, to which some starch is mixed for better texture. The dough is subsequently processed into thin sheets or strands. The noodles are then steamed, dried, and heated, and finally packed into airtight bags to ensure a long shelf life.
Market Demand and Growth
Rice noodles rank among the rapidly growing categories as far as noodles are concerned. This is a big market, wherein every year, it experiences a demand of around 9 percent globally.
Business Considerations
Rice noodle mills can start small with semi-automation. The best-quality rice flour and suitable drying together will give a good texture for long shelf life.
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How NPCS Can Help You
NPCS provides concise and comprehensive reporting for learning the steps to set up a new factory. Reports on the market and investments also provide informative guidance on potential risks and benefits that accompany starting a factory.
These reports assist in organizing the planning and processing loan applications without much hassle for the establishment of new manufacturing units. NPCS compiles reports for the benefit of new entrepreneurs and factory planners to aid them in knowing investment and market situations.
Frequently Asked Questions-Industrial Products Business Ideas
1. Which of these products is most easily accessible to a beginner?
A.Generally, rice noodles and sugarcane juice are the easiest to invest in and process for a beginner.
2. Am I required to obtain a license for the production of saline?
A.Saline is considered to be a medical product, therefore, you must obtain all necessary licenses for it, as well as follow special manufacturing guidelines.
3. Which business has the highest investment?
A.Usually, most of the business that requires huge investment is the corn starch and citric acid plant basically because lots of equipment is needed and requires high demands in production.
4. A few items can be exported; is it possible to sell these products to export markets?
A.Yes. With growing standards as required for international quality, you can sell citric acid and corn starch and rice noodles as these products are in fact, highly required.
5. Why is a feasibility report important?
A.A feasibility report will help you know what expenditures and profits will look like, the required tools and machinery, market size and extent of your target market, and what threats or risks are involved prior to investments in factory establishment; thus, narrowing possible errors and improving level and degree of success.
