Top Manufacturing Business Ideas
Top Manufacturing Business Ideas with Investment of 2 Crore (Plant and Machinery). Profitable MSME Projects.
With job uncertainty increasing by the day, there has been a flurry of start-ups in the recent years. While no start-up is ever guaranteed to succeed, innovative ideas have come to light in the process. Today most large business was once just a small startup and with constant effort and proper business plan, they have grown to a large extent.
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.
Bio fertilizer and Phosphate Rich Organic Manure (PROM)
Water and citrate insoluble phosphate fertilizers: These mineral fertilizers contain phosphorus, which is insoluble in water as well as in citric acid. They are suitable in strongly acid soils or organic soils. These fertilizers are given in green manure fields.
Global bio fertilizers market size was estimated at USD 535.8 million in 2014. The global bio-fertilizers market is projected to expand at a CAGR of 13.6% over the forecast period 2016-2023. Further, the global market estimated to reach USD 1. 58 Billion By 2023 from USD 610.2 Million in 2015. The global bio fertilizers market was $1.06 billion in 2016 and is estimated to reach $2.1 billion, at a CAGR of 12.04% by 2022.
Bio-Degradable Products from Sugarcane Bagasse (Plates, Bowls, Spoons and Cups)
Bagasse is a natural byproduct of sugarcane refinement. Bagasse is the fiber that remains after sugarcane stalks are crushed to extract their juice. Bagasse pulp requires minimal processing and elemental chlorine free (ECF) bleaching to turn it into a woven high-strength paper that is biodegradable and compostable.
Demand for bio plastics is increasing since past decade due to growing awareness use of bio-based or natural resources for manufacturing materials and formulation of various regulations across countries for effective use of natural resources and waste management. Increased consumer preference towards biodegradable materials coupled with the growing environmental concern is expected to boost the overall growth of the biodegradable packaging market. Biodegradable packaging market is expected to witness the fastest growth, driven by food and beverage packaging. And it is anticipated that will be maintained in the next five years as well.
Grape Wine
Wine can be made from grapes, fruits, berries etc. Most wine, though, is made from grapes. And no matter what the wine is made from, there must be fermentation, that is, that sugar be transformed into alcohol. If the amount of alcohol is relatively low.
Grapes are used for wine production and with the increasing demand for wine, the demand for grapes is also increasing. The wine market is valued at USD 297.35 billion in 2018 and is expected to reach USD 415 billion by 2024, at a 5.94% CAGR during the forecast period, 2019 – 2024.
Masala Powder and Chili Powder
Chili Powder is an extremely strong spice used in many Indian dishes, especially for masalas, pickles and chutneys. This vibrant red powder has a powerful, spicy flavor with a broad, pepper sweetness. Ground red chilies are used throughout Indian cooking.
The Indian pure packaged and blended spices market has grown with a CAGR of more than 8% in the forecast period FY 2018-19 to FY 2022-23. The period has witnessed the growth of the replacement spices market and the consumers will be shifting from loose packing to packaged spices to avoid adulteration. The major reason for this is the high economic development of India.
Microbrewery
A microbrewery or craft brewery is a brewery that produces small amounts of beer, typically much smaller than large-scale corporate breweries, and is independently owned. A brewpub is a pub that brews its own beer for sale on the premises.
The beer market is forecasted to reach USD 805 billion by 2024, registering a CAGR of 5.5% during the forecast period (2019 – 2024). Increasing consumption rate of alcoholic drinks, rapid urbanization, high disposable income, and popularity of beer among the young population are a few factors driving the global beer market.
Plastic Waste Pyrolysis (Plastic to Oil Conversion)
Pyrolysis is a common technique used to convert plastic waste into energy, in the form of solid, liquid and gaseous fuels. Pyrolysis is the thermal degradation of plastic waste at different temperatures (300–900°C), in the absence of oxygen, to produced liquid oil.
The global plastic to fuel technology market is forecast to reach USD 2.33 Billion by 2026, Plastic to fuel technology is gaining traction in the energy industry with increasing awareness of the market. The high level of plastic consumption across the globe is a cause of concern as the damage to the environment is extreme.
Truck Body Building
Growth rates vary widely around the globe. Growth is slowing down in large truck markets such as China and most of the Triad countries. On the contrary, India, the ASEAN countries, and Eastern Europe will account for most of the future growth. Central America is showing dynamic growth as well. More than 70% of incremental sales in 2024 will be generated outside the Triad markets. But the solidity of the Triad markets will stabilize the total global truck market in the decade to come. The automotive sector has emerged as one of the major beneficiaries of technological advancement in sensors, and is increasingly adopting different sensor types to upgrade the existing models from the viewpoint of safety and enhanced functionality. The global automotive industry has been experiencing a period of rapid growth and profitability in the past years, opening a wide array of opportunities for modernized technological innovations.
Pre-Stressed Concrete Electric Poles by Spinning
Prestressed concrete is a structural material that allows for predetermined, engineering stresses to be placed in members to counteract the stresses that occur when they are subject to loading. It combines the high strength compressive properties of concrete with the high tensile strength of steel.
The demand for prestressed concrete-cement (PCC) poles directly depends on the growth of electric power sector, because these poles are solely meant for overhead transmission and distribution of power to consumer units.
Cold Water Soluble Starch
Pure starch is a white, tasteless and odorless powder that is insoluble in cold water or alcohol. It consists of two types of molecules: the linear and helical amylose and the branched amylopectin. Depending on the plant, starch generally contains 20 to 25% amylose and 75 to 80% amylopectin by weight.
Industry analysts forecast the global modified starch Market to grow at a CAGR of 4.14% during the period 2018-2023. The demand for starches and derivatives looks very promising in India as all the major user segments of starches and derivatives are showing near double digit growth in their production. It is also one of the largest contributors to India’s exports with approximately 11 percent of total exports.
Disposable Plastic Syringes (2ml, 5ml, 10ml and 50ml)
Disposable Syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized condition, ready to use, and cost effectiveness, disposable syringes are fast replacing the age-old glass syringes. A syringe is a simple piston pump consisting of a plunger that fits tightly in a tube. Syringes are available in sizes of 1 ml, 2 ml, 5 ml and 10 ml, 50ml in a variety of designs and consist of either two or three components construction.
The syringe market is expected to witness a robust growth owing to several factors, such as the rise in the demand for pre-filled syringes, growing prevalence of chronic diseases, such as diabetes, and increase in the usage of Botox for therapeutic applications. Moreover, the increased adoption of injectable drugs, technological advancements in syringes, increase in geriatric population, growing number of vaccination and immunization programs are expected to drive the volume growth over the next few years.
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