Most Successful Small Business Ideas
Most Successful Small Business Ideas with Investment of 1.50 – 2 Crores (Plant and Machinery). Selected Project Profiles for Entrepreneurs, Stratus
Micro, Small and Medium Enterprises (MSMEs) sector has emerged as a highly vibrant and dynamic sector of the Indian economy and is widely acclaimed as engine of economic growth, particularly in the context of Make in India initiative of the Government of India.
MSMEs play a noteworthy role in economic and social development, thereby providing flip to entrepreneurship, as they have inherent characteristics of being innovative and responsive to changing market dynamics. Being complementary to large industries this sector contributes hugely to the socioeconomic development of the country. MSMEs not only play a crucial role in providing large employment opportunities at comparatively lower capital cost but also encourage entrepreneurial activities in rural and backward areas.
Small business entrepreneurs have many opportunities that they can explore successfully; all they need is a great small business idea. In the ever-increasing startup ecosystem of today, everyone dreams of starting their startup and becoming a millionaire or a billionaire. However, most of the people remain confused between which business to start for maximum profit and which one has the least probability of failure and the main reason for this is the failure rate of startups.
PET Recycling
Polyethylene terephthalate (PET) is a highly recyclable plastic resin and a form of polyester. PET also is inexpensive, lightweight, resalable, shatter-resistant, and recyclable. Recycled polyethylene terephthalate is known as RPET, and it is the most widely recycled plastic in the world.
Global Plastic Recycling Market is cross USD 50.0 Billion by 2023, growing at a CAGR of over 5.0% during the forecast period. Rising awareness about the pollution caused by plastics and the energy saving benefits in the manufacturing of recycled plastics over virgin plastics are the major growth drivers of the global market for plastic recycling.
Warehouse
A warehouse is a place used for the storage or accumulation of goods. It may also be defined as an establishment that assumes responsibility for the safe custody of goods. Warehouses enable the businessmen to carry on production throughout the year and to sell their products, whenever there is adequate demand.
The global warehousing and storage market is currently exhibiting healthy growth. Looking forward, the demand for warehousing and storage is expected to remain strong in the coming years. The key application sectors of warehousing such as manufacturing, retail, healthcare, construction, automotive, technology, etc. are expected to exhibit strong growth in the coming years. Moreover, strong demand from the e-commerce sector is also expected.
NPK Complex Organic Fertilizer Plant
NPK fertilizer is a complex fertilizer comprised primarily of the three primary nutrients required for healthy plant growth about half of the global population is alive as a result of the increased food production provided by the use of mineral fertilizers.
The complex fertilizers market was valued at USD 44.03 Billion in 2016; it is grow at a CAGR of 6.5% from 2017, to reach a value of USD 54.32 Billion by 2022. The size of the overall complex fertilizers market was derived using forecasting techniques based on the consumption of fertilizers and trade trends in various regions.
Adhesive Based on Epoxy Resin (2 Pack)
The adhesive industry has seen significant changes in recent years. The type and number of these changes have been astounding. They include new substrate materials, regulatory burdens, acquisitions and mergers, new raw materials, new application and curing processes, and a host of volatile technical, commercial, and political issues.
The market for epoxy adhesives is expected to register a CAGR of 5.72 % during the forecast period (2019-2024). The automotive industry and increasing demand for miniaturized and lightweight electronics.
Spices in Pouch Packing
Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, and bulb) of plants used as a flavoring or seasoning, although many can also be used as an herbal medicine. India is the largest producer, consumer and exporter of spices and spice products in the world and produces more than 50 spices. India is also a big exporter of Chili, turmeric, cumin, pepper and many other spices.
The pouch packaging market was valued at USD 17.23 billion in 2018 and is expected to reach a value of USD 21.64 billion by 2024 at a CAGR of 4.66%, over the forecast period 2019- 2024. The snacking trend is witnessing a rise including usage of single-serve, as well as re-usable packaging solutions. Here, the pouch packaging serves the demand of the consumer.
Aluminium Cans for Brewery
Aluminium beverage cans are every day commodities that people come across on a regular basis, whether it’s while they are grocery shopping, taking their lunch break, or pondering in front of a vending machine. The aluminium beverage can is now the popular choice for carbonated and still soft drinks, mineral waters, beers and lagers. The good thermal properties of aluminium mean that the drinks can is quickly chilled.
Increasing consumption of beverages coupled with the rising need for convenience is driving the market for beverage packaging in India. The Indian beverage packaging market is exhibiting robust growth with sustainable packaging being the need of the hour. Beverages accounted for 21% of the total consumer packaging market in 2014.
Demand for consumer packaging from the beverage sector is expected to grow marginally ahead of other user sectors at around 12% till 2017. The beverage cans market size was valued at USD 39.19 billion in 2015 and is expected to witness significant growth over the forecast period primarily owing to superior cooling properties and storage space reduction by using advanced materials in beverage cans manufacturing. The industry is expected to witness high growth owing to increasing consumption of alcoholic beverages such as beer and cider which are required to cool at a specific temperature for enhanced taste.
The packaging industry in India is estimated to reach $73 billion by 2020, from $32 billion in 2015, says a study by Federation of Indian Chambers of Commerce & Industry (Ficci) and Tata Strategic Management Group. The country’s packaging industry is set to register 18 per cent growth, year-on-year with sub-sectors like flexible packaging and rigid packaging to grow annually at the rate of 25 per cent and 15 per cent respectively.
Hollow Glassware
A glass bottle is a bottle created from glass. Glass bottles can vary in size considerably, but are most commonly found in sizes ranging between about 200 milliliters and 1.5 liters. Common uses for glass bottles include food condiments, soda, liquor, cosmetics, pickling and preservatives. These types of bottles are utilitarian and serve a purpose in commercial industries.
The global Hollow Glass Microspheres Market is grow at a CAGR of 7.5% during the forecast period 2018 – 2023. The global hollow glass microspheres market and is undergoing high growth due to the increased demand for efficiency in many end-user industries. Product innovation in terms of quality and application development is another driving factor for the growth of this market in North America. The U.S. and Canada are expected to lead the hollow glass microspheres market in the North American region; the U.S. is the most dominant market and is expected to account for a significant market. The market in North America is expected to witness significant growth due to the increase in demand for advanced materials in existing and emerging .
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