- IV Fluids (BFS Technology)
- Maize Processing Plant with Cogeneration Plant
- Glass Vials for Medicine (for Cosmetic & Other Injectable)
- Micronutrient Fortified Energy Dense Food
- Ethanol from Broken Rice
- Abrasive Grinding Wheels
- Cocoa Processing Unit Cocoa Butter, Cocoa Couverture and Cocoa Powder (Further Processed Products: Spreads and Chocolate Syrups)
Manufacturing isn’t the first industry that comes to mind when people think of starting their own business, but that doesn’t mean it isn’t one of the best. Businesses in manufacturing are often more profitable than other types of businesses and they aren’t as likely to fail—only half of new manufacturing businesses close within five years, compared to three-quarters of other business startups. It’s also far easier to scale them quickly when you see an increase in demand for your product or service.
If you’re starting a new business, one of the most important decisions you’ll make is which kind of business to start, as different types of businesses require different levels of effort and expertise. Here are seven good manufacturing business ideas that you can consider if you’re considering starting your own manufacturing business.
An abrasive grinding wheel is a cutting tool. It has different types of materials as its core to cut down any hard material. There are two basic types of grinding wheels: metal bonded and ceramics bonded. When we make metal bond, it is simple steel balls cemented in rubber or plastic bonded by metal. Ceramic bond contains ceramic beads mixed with binder (the most common type is SiC).
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Abrasive grinding wheels have many applications such as polishing, deburring, sharpening, shaping, beveling and removing rust and paint etc. They can be used on almost all metals including aluminum, brass copper etc., ferrous metals such as iron etc., non-ferrous metals such as aluminum bronze etc. They are used in grinding of molds, dies, gages and a variety of other industrial products. For precision finishing of metal surfaces (hardened steel & cast iron).
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The global abrasive wheels market was valued at USD 17.4 billion in 2018 and is expected to increase at a CAGR of 4.5 percent to USD 25.8 billion by 2028. (2019-2028). Increased demand for automotive industry products, metal fabrication, machining, and equipment industry products across various regions globally, and rapid modernization among emerging economies, which has led to an increase in the need for power tools used in the manufacturing process, are all factors contributing to the market’s growth.
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Over two billion abrasive grinding wheels are sold annually. They’re used in many industries and can be produced out of metal, composites, glass or ceramics depending on their usage. If you enjoy working with your hands and have an aptitude for producing items such as high-precision molds or certain industrial equipment, then it might be a good idea to start an abrasive grinding wheel business. You could manufacture them from scratch using raw materials that you purchase from vendors, or you could buy pre-made wheels and refurbish them. Either way, there is plenty of room for growth in this industry.
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Units that process cocoa are known as cocoa processing units. Cocoa beans are fermented, dried, cleaned, roasted, and ground after fermentation and drying. Cocoa liquor or cocoa mass is the end product of these procedures, which is offered as a liquid or as solid bars known as cocoa nibs. Several ingredients, such as sugar, milk powder, and other additions, must be added to manufacture chocolate items such as chocolate bars or chocolate chips. At a chocolate factory, this is done.
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Cocoa processing is mainly done at specialised plants that aren’t usually found on cocoa fields. These plants are known as cacao beneficios or just beneficios. Processing cocoa beans into cocoa liquor (also known as chocolate liquor) and cocoa powder is their primary function (cacao powder). These goods are frequently utilised in the food industry, but they can also be marketed directly to chocolate and confectionery producers.
Processed cocoa products are more valuable than unprocessed beans, making them more appealing to producers. In 2020, the worldwide cocoa processing market is expected to reach 4.46 million tonnes. Because cocoa butter and powder are used in the production of chocolate and other chocolate goods, the market is currently growing due to increased demand for these items.
Between 2021 and 2026, the global cocoa processing market is predicted to increase at a CAGR of approximately 1.3 percent, reaching a volume of around 4.76 million tonnes. Cocoa is still a vital ingredient in the chocolate, culinary, and beverage industries. Flavonoids like theobromine and proanthocyanidins, which are well-known for their anti-aging, antioxidant, and anti-inflammatory qualities, are abundant in cocoa beans.
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Intravenous fluids are fluids that are given to a patient intravenously (via the veins) or directly through the circulatory system. To prevent patients from damage, these fluids must be sterile, and there are various options. Many companies manufacture pre-packaged intravenous fluids and other things that can be added with sterile water to form an intravenous solution.
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Intravenous (IV) fluids have a variety of uses in medicine, including restoring critical nutrients or compounds that the body cannot create on its own. IV fluids are also commonly used in medical situations, such as accidents or illnesses, when someone has lost a significant amount of fluid from their body and need fast rehydration and electrolyte and vitamin replacement.
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If IV fluids are required to treat a sickness or disease, doctors will regularly monitor the patient’s status to ensure that it does not worsen and that his or her health improves swiftly and effectively. In 2015, the global intravenous (IV) solutions market was worth USD 6.9 billion, and it is expected to increase at a CAGR of 7.8% over the next five years.
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The rise of this market can be ascribed to the rapidly rising geriatric population as well as the high frequency of malnutrition among the elderly and children. The market for intravenous (IV) solution is estimated to reach USD 11,511.2 million by 2022, with a compound annual growth rate (CAGR) of 7.69 percent from 2016 to 2022. The rising frequency of chronic diseases, as well as the rising acceptability of vitamin C intravenous treatment therapy to treat colorectal cancer, are driving market expansion.
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A maize processing factory, often known as a corn mill, plays an important role in commercial food production. The machinery at the plant grinds dry maize into corn meal or corn flour, which is then used to produce tortillas, breads, and cereals. The grain can also be fermented and distilled to produce ethanol fuel, or processed into syrups to sweeten carbonated beverages.
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In India, almost 57 percent of maize produced is used to feed poultry and animals. Thirty-three percent is eaten, 9% is used to create starch and associated products, and 1% is used as seed. In the United States and Europe, maize is mostly used to produce starch and other industrial products. Despite being one of the world’s largest producers of maize, India’s value addition in the form of processing is poor in comparison to more developed countries.
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From 2019 to 2024, the Indian corn starch market is predicted to grow at a CAGR of 3.9 percent, reaching $1.37 billion in 2018. The easy availability of corn, as well as its wide range of applications in industries such as food and beverage, pharmaceuticals, animal feed, textiles, and paper, are propelling the India Corn Starch market forward. Starches are primarily consumed by the textile, paper, and construction industries, as well as the pharmaceutical business.
Glass vials are used to package chemicals and other products in their liquid state. They are typically made from borosilicate glass, which is a strong but very lightweight type of glass that provides a lot of durability while retaining its ability to be molded into all sorts of shapes. The main benefit that borosilicate glass vials offer is that they can withstand many types of chemical reactions while keeping their contents safe inside.
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The uses and advantages of using glass vials in medicine include: Easily sterilized before use; most types can be reheated over and over again with no loss in quality; can be reused; Allows light sensitivity with long-lasting results. The uses of glass vials are innumerable. And their popularity is growing due to increasing concern about plastic safety among consumers and healthcare providers.
Business Plan: Manufacturing Business of Glass Vials for Medicine, Cosmetic & Other Injectable
This has led to an increased demand in industries from medicine, food and cosmetics sectors among others. The Global Vials Market is projected to grow at a CAGR of 6.8% during the forecast period. Vials have been primarily used for pharmaceutical packaging for many years and are set to maintain a strong position in the industry.
The surging demand for generic parenteral drugs has resulted in high demand for vial bottles in pharmaceutical industry. Currently, vaccines are sold in single dose or multidose vials around the world. There is an ever-increasing demand for glass vials as packaging solution in medicine industries.
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Ethanol is a clear, colourless liquid with a distinct and pleasant aroma. In dilute aqueous solutions, it has a mildly sweet flavour, but in higher concentrated solutions, it has a burning flavour. Ethanol, CH3CH2OH, is a chemical compound that has a hydroxyl group, -OH, connected to a carbon atom in its molecules.
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Ethanol, usually referred to as ethyl alcohol, drinking alcohol, or grain alcohol, is a colourless, flammable, and mildly toxic chemical compound present in alcoholic beverages. In ordinary speech, it is frequently referred to as “alcohol.” Its chemical formulas include EtOH, CH3CH2OH, and C2H5OH, as well as the empirical formula C2H6O. (Which it shares with diethyl ether).
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Ethanol can be used as a stand-alone car fuel or mixed with gasoline to make “gasohol.” The most popular ethanol-to-gasoline blends have 10% and 85% ethanol, respectively. Each year, approximately 1 billion gallons of ethanol are mixed with gasoline in the United States.
The global industrial ethanol market demand in 2019 was estimated to be around 116.9 billion litres. Demand is predicted to grow at a CAGR of 2.5 percent between 2020 and 2025, reaching a volume of roughly 135.5 billion litres. Chemicals, medicines, plastics, and the beverage industry, which includes cosmetics, paints, cleaning supplies, and alcoholic beverages, account for around 13-15 percent of total ethanol usage.
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Micronutrient Fortified Energy Dense Food ensures that you get all of the essential micronutrients you require to stay healthy and eat well. Micronutrient Fortified Energy Dense Food adds vitamin A, vitamin C, vitamin B12, zinc, and iron to food products and meals to provide consumers with the most nutritional options at every meal of the day.
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Food fortification has become increasingly popular in LMICs over the last two decades for a variety of reasons, including increased urbanisation and rising household spending power, which has resulted in a bigger proportion of the population relying on processed foods.
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From 2021 to 2026, the market for micronutrient fortified foods is predicted to increase at a CAGR of 6.1 percent, reaching $172.4 million in 2020. Fortified foods are foods that have been supplemented with nutrients that are not naturally present in them.
These foods are meant to boost nutrition while also providing health advantages. Because milk is frequently supplemented with vitamin D, calcium could be added to fruit juice extracts. Typical nutrient-deficiency illnesses, including as rickets and pellagra, have nearly disappeared as a result of fortified food intake, and this determinant is moving the fortified foods market forward over the forecast period of 2021-2026.
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