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Best Business Opportunities in Bhutan - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

The economy of Bhutan, one of the world's smallest and least developed countries, is based on agriculture and forestry, which provide the main livelihood for more than 60% of the population. Agriculture consists largely of subsistence farming and animal husbandry. The economy is closely aligned with India's through strong trade and monetary links and dependence on India's financial assistance. Most production in the industrial sector is of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labour. Model education, social, and environment programs are underway with support from multilateral development organisations.

The industrial sector is in a nascent stage, and though most production comes from cottage industry, larger industries are being encouraged and some industries such as cement, steel, and ferroalloy have been set up. Most development projects, such as road construction, rely on Indian contract labour. Agricultural produce includes rice, chilies, dairy (some yak, mostly cow) products, buckwheat, barley, root crops, apples, and citrus and maize at lower elevations. Industries include cement, wood products, processed fruits, alcoholic beverages and calcium carbide.

Bhutan’s hydropower industry accounts for 32% of the nation’s economy. The dependency on a single sector is a potential risk factor, the report states. As an alternative revenue generation sector, the government is promoting tourism, which also hopes to generate employment. Like in most countries, the Cottage and Small Industry (CSI) play a pivotal role in the overall industrial economy of Bhutan.

 

Business Sectors

Agriculture Industry

Agriculture in Bhutan has a dominant role in the Bhutan's economy. Approximately 80% of the population of Bhutan are involved in agriculture. Over 95% of the earning women in the country work in the agricultural sector. Majority of the refugees in this Himalayan nation are also employed in the agricultural sector. Agriculture in Bhutan is characterized by its labor-intensive nature with relatively low intensity of farm inputs.

Major crops cultivated in Bhutan are maize and rice. Maize accounts for 49% of total domestic cereal cultivation, and rice accounts for 43%. Rice is the major staple crop. Agriculture in the country includes cultivation of wheat and other minor cereal crops. Paddy is the primary crop in those regions where proper irrigation is available. Apart from paddy, other crops like wheat, barley, oil seeds, potato and different vegetables are also cultivated in these lands. The primary goals of agriculture in Bhutan are to raise the per capita income of the people living in rural areas, to enhance self-sufficiency in staple crops, and to increase the productivity per unit of farm labor and agricultural land.

There may be investment opportunities in:

  • Dall Mill (Split Dalls/ Pulses for Chhilke-wali Moong, Urad, Arhar, Channa, Masoor)
  • Poha (Rice Flakes)
  • Atta, Maida Suji & Wheat Bran (Wheat Flour Plant) Roller Flour Mill
  • Rice Powder, Puttu and Wheat Powder
  • Biscuits & Candy
  • Rice Mill(Parboiled Rice)
  • Bakery industry, etc.


Minerals and Mining

The country’s mineral industry was small and insignificant to its economy and was dominated by the production of cement, coal, dolomite, gypsum, and limestone. Known resources included deposits of beryl, copper, graphite, lead, mica, pyrite, tin, tungsten, and zinc. Mining is one of the fastest growing industries in Bhutan generating average revenue of 54 million U.S. dollars or contributing 3 percent to country's GDP.

Industrial mineral products were the primary output of Bhutan’s mineral industry and included dolomite, graphite, marble and slate, and sand and stone. The production of a variety of stone materials and energy fuels had been increasing steadily in recent years and corresponded to the increased demand for these commodities in the construction sector. While major exports of minerals are made in raw form, Bhutan processes some of its minerals into value-added products such as calcium carbide, cement, and ferrosilicon.

Accordingly, Bhutan’s policies on mining and quarrying consider inter-generational equity. This is important since minerals constitute vital raw materials for the mineral based manufacturing industries and are a major resource for economic development of a country. Bhutan is endowed with rich mineral resources that has allowed for the sustainable growth of a mineral based industry and export base. This mineral resource exploitation and value addition has helped generate employment and can contribute towards poverty alleviation.

There may be investment opportunities in:

  • Artificial Marble Tiles
  • Granite (Marble) Polishing Batti (Bar)
  • Granite Marble Cutting and Polishing Unit
  • Calcium Carbonate from Marble Chips
  • Coal Washing Unit
  • Ferro Silicon Manufacturing
  • Gypsum plaster boards
  • Beneficiation of chromium, nickel and manganese ore
  • Integrated production unit of gypsum powder, gypsum board
  • P.V.C. laminated gypsum ceiling tiles, etc.


Livestock Industry

Livestock farming practices continue to evolve in response to rapid modernization and growing economic opportunities in the Bhutan Himalaya. Animal husbandry is an integral part of farming activities in Bhutan and, especially in the high altitude or alpine regions, animal husbandry forms virtually the sole economic activity. The consumption of animal products is an important element of the Bhutanese diet.

Livestock is an integral part in all Bhutanese farming systems. While most households rear livestock for home consumption, livestock farming and nomadic herding are the predominant activities in the alpine and cool temperate zones. Over 80 per cent of rural households own cattle. Other significant livestock include poultry (reared by about 65% of rural households), pigs (38%), horses (23%), goats (15%) and yaks (2%). Inadequate pasture land and poor access to markets are significant constraints to improving production, but increasing urban demand for livestock products is encouraging farmers near urban areas to keep better breeds and improve feed and fodder management. In the livestock sector artificial insemination covers not only Jersey breeds that are high yielding but also for the production of Jatsa and Jatsam that are local high yielding varieties.

The indigenous cattle are the most important livestock genetic resources for food, animal energy and household income in Bhutan. Poultry farming is one of the important livestock farming components in Bhutan.

There may be investment opportunities in:

  • Aquaculture Fish Farming
  • Prawn/Shrimp Farming
  • Poultry & Broiler Farming
  • Management of Rabbits/Angora Rabbit Farming
  • Goat & Sheep Farming
  • Poultry Farm for Producing Eggs
  • Animal Feed Using Date Pits, Discarded Dates and Other Ingredients
  • Pig Farming
  • Cattle Feed, etc.

 

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LPG Cylinders

Liquefied petroleum gas (LPG) is a term describing a group of hydrocarbon-based gases derived from crude oil and or natural gas. LPG Cylinder is an essential item for filling liquefied petroleum gas used for cooling purpose. The body of LPG cylinder is deep drawn in two pieces then these are welded together to make a compact unit without any leak and defect etc. LPG cylinders are in use in 5 Kg., 12 Kg., 14.2 Kg. & 19 Kg. capacities. The LPG cylinder market is segmented on the basis of product type and applications. There are various types of cylinder valves which include hand wheel valves, quick-on valves, forklift valves, safety valves, self-closing valves, and cut-off push & turn valves. The LPG cylinders are utilized in various household, outdoors, and other applications. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Balaji Pressure Vessels Pvt. Ltd. • Bhiwadi Cylinders Pvt. Ltd. • Confidence Petroleum India Ltd. • E C P Industries Ltd. • Everest Kanto Cylinder Ltd. • J R Fabricators Ltd. • Jay F E Cylinders Ltd.
Plant capacity: LPG Cylinders (14.20 Kgs Size): 1000 Nos./day LPG Cylinders (19 Kgs Size): 1000 Nos./dayPlant & machinery: Rs 471 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1113 lakhs
Return: 30.00%Break even: 56.00%
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Tea Blending and Packaging

The tea-plant, in its natural state, grows into a small or medium-sized tree, but in commercial plantations it is pruned and trained to form a many-branched low bush and is encouraged to produce vigorous vegetative growth by adopting an appropriate schedule of fertilizer applications. Blending is the process of mixing of high grade different type of teas. Tea is the world’s and India’s beverage of choice, after water. The organised branded tea segment was at about Rs 12,970 crore in 2017, up from Rs 12,240 crore in 2016, according to market research firm Euromonitor International. India is the world’s second largest producer of tea, after China. In 2017-18, it recorded the highest production, at 1,325 million kg, 6% higher than the previous year. Exports grew at more than twice that rate to hit 257 million kg. The market is expected to grow annually by 6.5% (CAGR 2018-2021). This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Alipurduar Tea Co. Ltd. • Amar Tea Pvt. Ltd. • Buds Tea Inds. Ltd. • Chamong Tea Co. Ltd. • Chengmari Tea Co. Ltd. • Cinnatolliah Tea Ltd. • Crystal Tea (India) Ltd.
Plant capacity: Fermented & PF Tea: 1000 Kgs./day Fermented & Green Tea: 1000 Kgs./day Green & PF Tea: 1000 Kgs./day Brick & PF Tea: 1000 Kgs./dayPlant & machinery: Rs 33 lakhs
Working capital: -T.C.I: Cost of Project: Rs 215 lakhs
Return: 29.00%Break even: 60.00%
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LPG Bottling Plant

LPG cylinder filling plants vary considerably in size, complexity and layout. The type and size depends on such factors as maximum potential throughput requirements, size and type of cylinder filled and the number/ grades of products handled. Liquefied Petroleum Gas is a Propane/Butane mixture liquefied under normal ambient temperature and moderate pressures. It is a safe, clean burning, reliable, high calorific value fuel. In addition to its use as a domestic fuel, it is also widely used in industries, where there is a requirement of low sulphur content fuel and fine temperature controls. The average growth rate in demand has settled down to around 10% from a high of 18% during early 1990s. Apart from commercial and industrial establishments, 94 mn households use LPG. Projections from all three scenarios reveal that demand for LPG will reach a minimum of 5.9 million metric tons by the year 2022. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Aegis Logistics Ltd. • Alert Petrogas Ltd. • Asia Lpg Pvt. Ltd. • Balaji Pressure Vessels Pvt. Ltd. • Bhiwadi Cylinders Pvt. Ltd. • E C P Industries Ltd. • East India Petroleum Pvt. Ltd
Plant capacity: LPG Cylinders (5 Kgs Size 1360 Nos/day): 2040 MT/Annum LPG Cylinders (14.2 Kgs Size 1000 Nos/day): 4260 MT/Annum LPG Cylinders (19 Kgs Size 1000 Nos/day): 5700 MT/AnnumPlant & machinery: Rs. 127 lakhs
Working capital: -T.C.I: Cost of Project: Rs 919 lakhs
Return: 28.00%Break even: 43.00%
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Aerosol Cans Production for Aerosol Spray

Aerosol Cans Production for Aerosol Spray. Aerosol Packaging Industry. Trends and Opportunities in Packaging Industry Aerosols are homogeneous, crystalline particles made up of fine solid particles or liquid droplets in the air or another gas. Aerosols find applications in paints, perfumes, room fresheners, medical products, deodorants, and so on. Aerosol cans are handheld containers that release aerosol. Aerosol cans shield products from external conditions such as moisture, heat, dust, and other contaminants during transportation. However, health and environmental risks posed due to the use of aerosols act as major restraints for the growth of the aerosol cans market. Packaging has become a vital component in modern lifestyle due to its storage, transportation and increasing consumer inclination towards convenient products on the backdrop of fast paced lifestyle. Moreover, the rising demand of personal care and manufacturing products have witnessed improvements in terms of consumption over the last few years and are more easily available due to its effective packaging solution. Aerosol cans are one of the effective packaging solution that provide all the features related to high performance during storage, transportation and convenient features to consumer. Aerosol cans are a type of dispensing system which creates an aerosol mist of liquid particles. These aerosol cans are primarily made up of steel or aluminum, wherein aluminum is steadily gaining market share because it act as a perfect barrier against air, light, humidity, germs and other gases. In addition to this, it is a corrosion resistant material, which protect the cans content against deterioration. Commonly used gases for aerosol propellants is carbon dioxide, propane and butane. Apart from its basic usage, these aerosol cans are used as a tool for promotion or advertising, due to its large printable surface area that provide 360 degree billboard for brands to outshine the competition. These aerosol cans provide a graphics solution which includes matte, gloss, matte-gloss, pearlescent, hot stamping, tactile ink and eyeris, which make the product stand out in today’s competitive scenario. Market Outlook The Aerosol Cans Market is expected to exceed more than US$ 80.0 Billion by 2022 at a CAGR of 4% in the given forecast period. The aerosol cans market can be segmented on the basis of product type, material type, propellant type and end use. On the basis of product type, aerosol cans market can be segmented into straight wall aerosol cans, necked in aerosol cans and shaped aerosol cans. On the basis of material type, aerosol cans market can be segmented into steel, aluminum, plastic and glass, wherein, aluminum are gaining traction among consumers due to its lightweight for an increasing mobile society which gives aluminum cans an edge and provides an optimal solution for manufacturers due to its recyclable nature. On the basis of propellant type, aerosol cans market can be segmented into compressed gas propellant and liquefied gas propellant. On the basis of end use, aerosol cans market can be segmented into personal care, home care, healthcare, automotive industry and others, wherein, automotive industry is expected to be one of the largest market of aerosol cans due to its wide application as paint, lubricants, brake cleaners and degreasers. The demand for aerosol cans is expected to be driven by factors such as ease-of-use, portability, recyclability, safety & strength, and the increased aesthetic appeal of the product. Furthermore, the growth in personal care industry and increase in demand for cosmetic products present a great opportunity for this market to grow in the future. The personal care segment is projected to be the largest in the aerosol cans market on the basis of end-use industry, and this trend is projected to continue during the forecast period. Factors such as rising disposable income, change in consumer lifestyles, product presentation & differentiation, and rising demand for personal care products such as deodorants, hair sprays, and face & body creams will increase the consumption of aerosol cans. The retail industry, which is currently witnessing a shift from unorganized to organized retail, will also augment the demand for aerosol cans. Aluminum is the most commonly used material for aerosols cans production due to lightweight coupled with improved safety and hygiene features. Liquefied gas propellant segment holds a major market share. Liquefied gas propellants aid in maintaining the performance of spray during the lifespan of aerosol cans, owing to which it witnesses significant demand in the aerosol cans market. Bottles and cans are the most used forms of aerosol packaging types. Rising demand for air care products along with personal care products such as shaving and depilatories, hair care products, skin care products, and deodorants are expected to create a positive impact on the market for aerosol cans. Use of aerosol as spray paints in construction and automobile industries display the widespread demand for aerosol cans. Aerosol cans are also used to store pain relievers and asthma inhalers. Increasing urbanization coupled with rapid infrastructural development in emerging economies of Asia Pacific is expected to drive the demand for such paints, leading to an increasing growth of the market over the next nine years. In addition, increasing technological developments leading to the production of advanced aerosols is expected to benefit growth. Growing use of products such as adhesives & sealants, industrial cleaners, and lubricants is expected to propel demand over the next nine years. In addition, favorable policies aimed at promoting investments in construction and automotive industries is likely to drive the demand for aerosol over the next nine years. In addition, rising penetration of the product in household applications including stain removers, pre-wash sprays, shoe polish, starch, water repellents for leather & fabric is expected to drive the market growth over the forecast period. Additionally, the strong urge in the aging population to retain a youthful appearance, is further nurturing the growth of the cosmetics industry. Hence, with the growing demand, and thereby, production of cosmetics and hygiene products, the demand for aerosol has also been increasing from the personal care industry. Based on the material time, the Global Aerosol Cans market is projected to be dominated by the aluminium segment in the forecast period as aluminium does not react with the contents inside the Can or the atmosphere outside which has allowed its widespread adoption by manufacturers. Based on the end-use, the cosmetic & personal care industry holds the largest market share and is projected to lead the market in the forecast period due to increasing demand of aerosol cans for perfumes & deodorants, hair-sprays etc. Europe & CIS region leads the Aerosol Cans market due to widespread adoption of aerosol cans in the personal care & cosmetics industry. Some of the key players in global aerosol cans market include Aero-Pack Industries, Inc., Alucon Public Company Limited, Ardagh Packaging Holdings Limited, Ball Corporation, Bway Corporation, CCL Industries, Inc., Colep Portugal S.A., Crown Holdings Inc., DS Containers, Inc., Exal Corporation, ITW Sexton Co., Jamestrong Packaging, Nampak Ltd., Shanghai Sunhome Industrial Company, Spray Products Corporation, Westrock Company, and Zenith Spray and Aerosols Private Limited. 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Return: 1.00%Break even: N/A
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T-Shirt Manufacturing Business

T-Shirt Manufacturing Business. How to Start a Readymade Garments Business. Business Opportunities in Apparel or Clothing Industry T-shirts are not just a fashion essential – they are a medium for expression and an ageless insignia of the young and the young at heart. It’s easy to wear, comfortable, stylish, finds space at almost every occasion and hence everybody has one. The t-shirt market of India includes knit shirts, polos, knit tops, etc., and is specifically targeted towards the youth segment. One of the main reasons behind its popularity among youth is that teenagers are today’s rational buyers who keep every aspect in their mind before purchasing the t-shirt including colour, design, garment, logo etc., which allows their mind to take over the t-shirt design as their personality, style, and attitude. T-shirts have indeed come a long way from its rise to popularity in the back in the 50s. Now, trends in t-shirts change faster than seasons. Moreover, tees are no longer a basic item of clothing, but more a means to showcase attitude and beliefs. The consumer wardrobe in international as well as in the Indian market is witnessing a constant shift from formal to casual attire. Consequently, casual wear categories like t-shirts, denims, casual shirts and trousers are witnessing a comparatively higher growth rate. The Indian consumer is no longer restricted to same combo of woven shirt and trouser for all occasions. Wardrobe of an Indian consumer has evolved with time and now it is a combination of various different kinds of clothing for different occasions like office, gym, shopping, morning or evening walk, marriage and social gatherings etc. This trend of occasion specific clothing has also provided an additional impetus for the growth of the adaptable casual wear categories like t-shirts.? Market Outlook The emerging trend of occasion specific clothing has given impetus to the growth of casual wear. A peep inside casual wear stores here suggests that t-shirts have a presence that cannot be ignored and also have an ally even among the not-so-fashion-conscious people. The increasing trend of Friday dressing is another driving factor for the t-shirts market in India. India is the sixth largest supplier of readymade garments in the world with a 3.7 per cent share in global exports. The readymade garment industry is considered an off-shoot of India’s Textile industry which the dates back to the middle of 19 century. The textile industry is the maximum revenue gathering industry in the country. The industry can be divided in to two segments, the natural fiber segment and the manmade synthetic fiber segment. The industry even after the introduction of power – driven machines or mechanical process of button holding, stitching or embroidery, continued to remain labor intensive and cheap labor is our forte. The overall demand of clothing has gone up in the state because of increasing degree of industrialization, effecting clothing habits. The increasing level of communication leading to increased travel and tourism has in turn created the demand for both seasonal and occasional clothing. India’s Rs. 12,200 crore-worth t-shirt market is expected to grow at an impressive CAGR of 12 percent to reach Rs. 21,250 crore by 2018. This market, which includes knit shirts, polo shirts, knit tops, etc., is presently dominated by the men’s and boys’ segments, which contribute 85 percent of the market share. The women’s and girls’ segments are, on the other hand, expected to register a higher CAGR of 14 percent over the next five years, compared to the 11 percent growth anticipated for the men’s and boys’ segments. The expected faster growth of women’s and girls’ t-shirts may be attributed to the comparatively lower base of market size and increasing acceptance of casual clothing among women. As a matter of fact, the t-shirts category is one of the top high-growth categories in men’s, women’s and kids’ apparel in India. In India, most of the brands and retailers that earlier used to focus on men’s casualwear have now started promoting women’s casualwear, including t-shirts and denims. Many discount schemes and loyalty programmes are being rolled out to tempt women into experimenting with t-shirts. At present, a bulk of the women’s t-shirt market is concentrated in the metros and bigger cities. However, in the years to come, the women’s t-shirts category is expected to register deeper penetration into tier-I and -II cities as well. T-shirts market is India has huge opportunities for industry players due to increasing penetration of the category into smaller towns, rural areas, middle aged consumers and women. T-shirts are also increasingly being used in Indian corporate houses to motivate employees, to build brand loyalty in the market as well as to display the company's attitude by displaying its motto or slogan in front of stakeholders. Today in major corporate houses promotional T-shirts became very popular as corporate gifts and more and more corporate or promotional T-shirts are demanding in the market, manufacturers are also manufacturing best quality designer-type pieces with buyers' logos, institutional advertising, slogans and emblems on T-shirts as well as for the end users. The global t-shirt industry has evolved, driving fashion trends in form of plain t-shirts, personalized t-shirts, graphic t-shirts, vintage t-shirt designs, and long sleeve custom T-shirts. With leading fashion brands across the globe embracing t-shirt industry, the future outlook appears positive. The global market for t-shirt is quite an established market and is further poised to offer strong growth opportunities, evolving beyond its early adopter stage to reach mass market during the forecast period 2017 - 2025. The t-shirt category, especially custom-print and designed, has exhibited a higher acceptance for e-tailing. The prevailing trend of Friday dressing is another important trend shaping the market demand. Most of the companies, domestic as well as multi-national companies (MNCs) allow casual clothing (mostly t-shirts with the company’s name and logo) as an official dressing on Fridays. This is stimulating demand for casual apparels especially t-shirts. T-shirts are specifically targeted towards the young population segment. One of the main reasons behind the popularity among youth is that t-shirts strike chord with the creativity hidden inside each teenager. The segment accounted more than half of the global T-shirt market revenue in the same year. Cotton is the most common and preferred fabric for t-shirts as they are ideal for everyday wear. A variety of cotton with different properties is used for making apparels. However, other materials such as linen, lycra, polyester, rayon and blends of two or three materials are also used for manufacturing t-shirts. Each material poses’ a unique quality and can be used according to the activity and different climatic conditions. T-shirts made from lycra and polyester are generally used for athletic apparels, while cotton and linen t-shirts are preferred for daily casual wear. In addition, different blends such as cotton and linen, cotton and polyester and blends of rayon are often used to exploit the merits of different material leaving their shortcomings. The blends are preferred for t-shirt manufacturing and hence are expected to demonstrate a significant growth throughout the forecast period. The global t-shirt market is valued at 185.1 billion dollars (approximately 1,231,424 crore rupees) which means that, although the Indian market is both sizeable and growing at 5,400 crore rupees, it is not one of the world’s largest by a long way. Readymade Garment Industry The readymade garment industry in India has historically been one of the most important segments of the textile industry in India. The Indian readymade apparel market is one of the largest contributors to India’s economy, providing millions with employment while making significant contributions to India’s annual GDP and export earnings. Today, India is the world’s 6th largest exporter of readymade garment products, registering over US$17 billion in readymade garment export value annually. Combining global demand that is at an all-time high, with much stronger support and preferential policies from the government, India’s readymade garment (RMG) industry is set to achieve rapid growth in the future. The readymade garment sector is currently the largest contributor to India’s total textile and apparel exports, accounting for roughly 41%. Employment in India’s readymade garment industry now has around 12 million people, making it the largest employment provider for all sectors. This year, this number will increase to 12.9 million. Most of the workers employed in the readymade garment industry in India are women and mainly contributes about 4% of the Gross Domestic Product or GDP of India. The RMG industry can be categorized into menswear, women swear, kids wear, sportswear, innerwear, knitwear, etc. Menswear is the largest segment. The Ministry of Textiles projects the kids wear segment to capture larger market share by the end of 2021. The market is also segmented by price sensitivity – high end for the affluent, medium priced for the core and high middle classes, and low end for the low and core middle class. Denim holds a prominent place in India's RMG market and accounts for approximately 5% of the market. The increasing demand for denim is driven by its comfort and style, preference amongst youth and increasing usage by women and youth in smaller cities and rural India. The readymade garments industry, excluding exports, is set to double to Rs 4 lakh crore in the next five years with the removal of excise duty and increased demand for branded garments. The readymade garments industry is only a part of a huge textile export market that consists of fabrics, made-ups, yarn, thread, fibre, woolen textiles, silk textiles and readymade garments. The global readymade apparel industry is perhaps among the most advanced, and yet the most fragmented, of all retail sectors. The global market is estimated at $183 billion, with the US having a major share in it. Tags #How_to_Start_a_T-Shirt_Manufacturing_Industry, #How_to_Start_T-Shirt_Business, T-Shirt Manufacturing Business Plan in India, T Shirt Manufacturing Process Pdf, T-Shirt Business Plan, How to Manufacture-T Shirts in India, Starting a T-Shirt Business, How to Start your own T-Shirt Business, T-Shirt Manufacturing, #Readymade_Garments, T-Shirts Manufacture, Readymade Garments (T-Shirt) - Manufacturing Plant, Garment Manufacturing Project, #How_to_Start_a_Clothing_Manufacturing_Business, #T-Shirt_&_Apparel_Business, T-Shirt Business Opportunities, How to Start a Profitable T-Shirt Business, Project Report on T-Shirt Manufacturing Industry, #Detailed_Project_Report_on_Readymade_Garments_(T-Shirt)_Business, Project Report on Readymade Garments (T-Shirt), Pre-Investment Feasibility Study on T-Shirt Business, Techno-Economic feasibility study on T-Shirt Business, #Feasibility_report_on_T-Shirt_Business, Free Project Profile on Readymade Garments (T-Shirt) Business, Project profile on T-Shirt Business, #Download_free_project_profile_on_T-Shirt_Manufacturing_Industry, #Apparel_Manufacturing_Unit, Garment-Making Project, Readymade Garments Manufacturing Business, Textile Manufacturing Industry, Project Profile on Garment Industry, #Clothing_Business_Ideas_&_Opportunities, Garment Factory Production Flow Chart, Process Flow Chart of Garments Manufacturing, Flow Chart of Apparel Manufacturing, Most Profitable Apparel Business, #Readymade Business Opportunity in India, How to Start a Garment Factory, Project Report on Readymade Garments, Business Ideas in Garment Industry, Garment Manufacturing Process PPT, Business Opportunities in Clothing Industry in India
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Aluminium Wire & Cables Manufacturing Industry

Aluminium Wire & Cables Manufacturing Industry. Start an Electric Wire & Cable Business Aluminium (Al) is one of the most common metal elements. In fact, it is the third most abundant element (after oxygen and silicon) that makes up about 8% by weight of the Earth’s crust. Aluminium is one of the most electrically conductive metals and highly resistant to ordinary corrosion. With other characteristics such as lightweight, strength, and low cost to produce, aluminium has become one of the most popular materials for electrical applications. Aluminium wire is nowadays increasingly popular for electrical wiring and in utility grid transmission and distribution networks, and are widely used for wiring in several of industries including electronics, construction, aircraft etc. Aluminium Wire Aluminum wire are utilized in various home electrical appliances, switches, circuit breakers and motors owing to its light weight, corrosion resistance and retention of temperature even at low temperatures properties. The products are used in electrical products as they are lighter than other material, it also reduces corona an electric discharge which is associated with high power transmission and its excessive heating do not separate the electrical fixtures and connections, thus increasing the industry demand. Uses of Aluminium wire • In Construction Industry Aluminium is an excellent alternative to copper and is largely used in the manufacture of building wires. Electricians and contractors use large sizes of aluminium building wire where there is requirement of low voltage. This is more beneficial to contractors in terms of savings as it has half the weight of copper wire. Aluminium conductors for building wire are made in such a manner that the overall diameter of the aluminium wire is similar to that of copper wire. • In Electrical Distribution Industry Utilities such as electrical distribution companies have been extensively using aluminum wire throughout their distributing systems (power grids) for transmission of electric current. • In Communication Industry The copper clad aluminium wire is primarily used in high quality coils, power cables and antennas. The aluminium-copper combination finds its use in commercial as well as residential applications including household wiring, cable wiring, headphones, loudspeakers and antennas. CCAW are also used to help connect the internet to the computer. They are important components of cable modems and television connections as well as Ethernet connections (that is, LAN and WAN). • In Broadcasting Networks Modern broadcasting networks (radio and television) largely rely on aluminium wire (CCAW) for information broadcast. Basically, two forms of radio networks are known- the first form is used for broadcasting and updates, advertising and marketing whereas the other form is the backbone of police and armed forces (used for communicating with each other). Television broadcasting involves transmitting signals through cable and satellite television. • In Submarine Communications Aluminium wires clad with copper provide a great means of submarine communication and are installed below the floor of the ocean to expedite the process of information transfer across the globe. • In Medical Field Aluminium wire finds also its use in medical science instruments that are involved in diagnostic processes such as medical ultrasonography. Aluminium Cables Aluminium cables are used across various industries and markets. In our last blog we shared the financial advantages of aluminium cables. Now we will focus on the physical advantages of aluminium cables. A second advantage is the weight of aluminium; it is much lighter in weight as compared to copper while maintaining the same conductivity. Being light in weight is an important property of aluminium. This has made aluminium cables the most used cables in projects where weight is the main focus like constructions with load-bearing purposes. Market Outlook Aluminum Wire Market size was over USD 50 billion in 2017 and industry expects consumption at over 10 million tons by 2024. It is set to surpass USD 65 billion by 2024. Growing consumer demand towards lightweight automobile vehicles may drive aluminum wire market demand. Superior properties which include light weight, high strength and corrosion resistance may cater to construction and electrical industries, thus propelling industry growth over the forecast timeframe. The global aluminium wire market has witnessed growth at a steady rate over the recent years. The market is primarily driven by the rising demand in the rapid urbanization around the world, the increased support from governments, as well as the new production techniques that reduce not only the cost of aluminium wire production but also significantly reduce the processing time of the wire rods. As the consumption of aluminium wires in various industries still remains high, business opportunities in the global aluminium market are expected to flourish further in the near future. Growing consumer demand towards lightweight automobile vehicles may drive aluminum wire market demand. Superior properties which include light weight, high strength and corrosion resistance may cater to construction and electrical industries, thus propelling industry growth over the forecast timeframe. Aluminum wire are utilized in various home electrical appliances, switches, circuit breakers and motors owing to its light weight, corrosion resistance and retention of temperature even at low temperatures properties. The products are used in electrical products as they are lighter than other material, it also reduces corona an electric discharge which is associated with high power transmission and its excessive heating do not separate the electrical fixtures and connections, thus increasing the industry demand. In the last few years, the automotive and aerospace companies have also been shifting their focus toward the surging use of electronic contents for downgrading the size of the components and improving the use of digital technologies in the fleets. Considering the lightweight and ease of use characteristics, the contributors in the automobile and aerospace sectors have been using aluminum wires in electronic panels which are installed in engine control units (ECU), infotainment systems, and other control units. The global aluminium wire market can be classified on the basis of product type and application. In terms of product type, the market can be segmented into paper insulated, enamelled, and fiberglass aluminium wire. Of these, paper insulated aluminium wire is expected to led the market during the forecast tenure. Rising application of aluminium wire in various industries is likely to boost the demand in the global aluminium market. Food and beverages, automotive, and customer electronics are some of the key industries in which aluminium wires are used extensively. Non-toxic nature of aluminium will preserve food for longer duration and prevents the growth of micrograms. These factors increase its demand on the food and beverages industry. The demand for aluminium is also increasing the automotive industry as it reduces weight of the vehicle to increase fuel economy. Moreover, manufacturers now prefer aluminium to steel mainly to reduce weight without compromising strength and carrying capacity of the vehicle. Asia Pacific driven by India, Japan, and China aluminium wire market size may register significant gains at 3.5% by the end of foreseeable timeframe. These are used in various construction application which includes wiring systems owing to its high strength, durability and less risk of breakage coupled with cost cutting and weight saving properties, which in turn stimulate regional demand. Aluminum wire is drawn by hot rolling in which rods are formed followed by solution handling and quenching of the coils attained by hot rolling. Increasing demand for light weight automotive vehicles and stringent performance requirements in electrical machines is likely to propel product demand. In electrical application these are used in transformers as their oxides are strongly attached, hard to dislodge and are electrically insulated. High tensile strength property can be tailored, and its lighter weight require few support towers for overhead transmission lines, which offers more growth opportunities in the market. India Wires and Cables Market Wires and cables play an indispensable role in today’s digitally advanced life and find extensive usage across a number of applications in several industries. The extensive usage and applications of wires and cables across various industries will put the wires and cables industry on the right path for the future. Wires and cables market in the world and in India is highly fragmented, with the presence a number of small and medium enterprises. The organized sector manufactures high voltage durable cables, whereas the unorganized sector mainly captures the low voltage market, where products are mainly separated on the basis of the price. The wires and cables market is presently at its growing stage in our country and is expected to be capturing a significant share in the electrical equipment industry in the upcoming years. The wires and cables in the India has witnessed a growth in recent years on account of rising demand wires and cables fueled by expansion in infrastructure development, electricity consumption and others. The surge in revenue is majorly originated from growth in power cables as a segment of wires and cables market. The upsurge in this segment has been largely led by the domestic factors such government expenditure on infrastructure, increase in level of investment, rising level of disposable income, technological advancement. 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Bicycle Tyre & Tubes Production from Natural Rubber

Bicycle Tyre & Tubes Production from Natural Rubber. How to Start a Tire and Tubes Manufacturing Business Tyres are one of the most important components of a bicycle build. Bicycle tires perform an important function of eliminating the shock transferred through the front and rear wheels as they travel on uneven and rough surfaces; effectively gaining traction on the road so that the bicycle can travel properly and doesn’t slip. It is also used for hand cycles and specially designed wheelchairs for racing purposes. The complete tire system provides ideal suspension, produces the longitudinal force essential for propulsion and braking, and creates the lateral force required for turning and balancing. A bicycle tire is a tire that fits on the wheel of a bicycle, unicycle, tricycle, quadracycle, bicycle trailer, or trailer bike. They may also be used on wheelchairs and handcycles, especially for racing. Bicycle tires provide an important source of suspension, generate the lateral forces necessary for balancing and turning, and generate the longitudinal forces necessary for propulsion and braking. They are the second largest source, after air drag, of power consumption on a level road. The modern detachable pneumatic bicycle tire contributed to the popularity and eventual dominance of the safety bicycle. There are various grips offered in the market, which enhance traction between the wheels and the road and increase performance at high speeds and on uneven and rough terrains. The recent removable pneumatic bicycle tire contributed to the acceptance and enhanced safety operation of bicycle. Over the years, with bicycles becoming more advanced and efficient, advanced bicycle tires have been developed to improve riding performance and capability. Over the several years manufacturers were keen on reducing the bicycle’s body weight and enhancing strength, so it may travel at a desirable speeds. Tube Bicycle tubes are the backbone of the bicycle industries. Few numbers of companies in organized sector are engaged in the quality grade cycles tyres and tubes and few unorganized sector also engaged to manufacturing bicycle tyre and tubes. An inner tube is basically a doughnut-shaped balloon, with a valve for inflation. The only requirement for an inner tube is that it should not leak. Being rubber, they have no rigid structure. If an inner tube is inflated outside of a tyre, it will expand to 2 or 3 times its nominal size, if it doesn't explode first. Without being surrounded by a tyre, an inner tube can't withstand any significant air pressure. Market Outlook The bicycle tires market possesses a lot of potential for growth in the research and development division. Also, the market for bicycle tires has increased due to development in the overall bicycle market, as consumers are more attracted towards safety and riding comfort. In a bicycle, tires are the most important component and the replacement rate of the tires is high, owing to the high rate of friction between the tire and road. The aftermarket for replacement and services is projected to remain healthy over the forecast period as consumers will try to keep their bikes up to the mark. Moreover, in developed nations, the ability to ride at faster speeds with comfort is estimated to drive growth of the bicycle tires market in the near future. Furthermore, growth in racing and adventure sports, such as dirt biking and off-road riding will fuel growth of the overall bicycle tires market in the coming future. Events, such as the Tour de France, Olympics and other bicycle professional races will propel growth in the bicycle tires market and force manufacturers to come up with new product and goods, which are more capable for ideal riding. The emergence of eco-friendly bicycle tires is one of the major trends being witnessed in the global bicycle tires market 2019-2023. The products used in manufacturing rubber compounds are polluting the environment. The increasing air pollution is pushing manufacturers to reduce the emission from the manufacturing process. Thus, such environmental concerns have paved the way for innovation in terms of eco-friendly tires that are manufactured using pure rubber compounds and low-aromatic oils. Low-aromatic oils have low levels of harmful compounds, which makes them highly durable and non-carcinogenic. The bicycle tires market has been majorly driven by increasing users of bicycles in the recent years. Various factors such as environmental concerns, health and fitness, among others have compelled pedestrians to make use of bicycles for their regular commute. Thereby, the market has witnessed an increasing demand for new bicycles for various applications such as regular on-road use, off-road biking and sports. As a result, the bicycle tire market has been witnessing an increased demand for various types of on-road and off-road tires. Moreover, with ongoing product innovation in the tubeless and airless tires segments, the market is expected to witness significant growth during the forecast period. The Growing popularity of premium bicycles around the world is attributable to the increasing acceptance of premium bicycle that provide better riding and safety features. These bicycles are built using advanced technologies and modern designs by incorporating high- end materials to offer comfort and durability. The major reason for the growth of premium bicycle is increasing average disposable income and increasing dual household income. The increasing demand for premium bicycles is increasing the demand for the high- quality components and uniqueness in the bicycle tire. Such factors increase the revenue of the bicycle tire manufactures. Therefore, the growing demand for premium bicycles is expected to drive the demand for the market. Indian Tyre Industry The Indian Tyre industry is expected to show a healthy growth rate of 9-10% over the next five years. The domestic tyre industry is expected to post volumes growth of 7-8 per cent to 1,805 lakh tyres during FY2018. Indian tyre industry has been reporting good growth figures over the past few years, spurred by the growing passenger vehicle and two-wheeler market. It has emerged as one of the most competitive markets in the world and with the emergence of new technology, ultra-modern production facilities and availability of raw materials, the sector is poised to grow further. Tyre Inner Tubes Tyre inner tubes are the internal components of the primary tyre which are designed to sustain air pressure. Majority of the tyres which are used in motorcycles, bicycle and large vehicles such as tractors, heavy trucks, cars, and buses are designed for their application with inner tubes. These are made from impermeable materials such as synthetic, elastic, soft rubber for the purpose of avoiding air leakge and are torus shaped in nature. In addition, inner tubes which are larger in size possess the ability to be re used for other applications such as rafting and swimming. These tubes are large inflatable toruses which are manufactured for these applications while also offering a choice of decks, handles, fabric covering, colors and other various accessories, eliminating the protruding valve stem. The global inner tube industry is dependent on raw materials such as rubber suppliers as well as the buyers which mainly include automotive manufacturers. More than half of the global rubber production goes into the manufacturing of automotive tyres. In addition, the inner tube and tyre industry serve as the largest application segment in the overall rubber industry. 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Helmet Manufacturing Industry

Helmet Manufacturing Industry. Production of Bike Helmets. Profitable Safety Helmet Industry Bike Helmets are useful as safety gear to prevent or minimize injuries to the head and brain in an uncontrolled environment during riding a bike. According to the US Consumer Product Safety Commission, about 900 people, including more than 200 children are killed annually in bicycle related incidents, and about 60 percent of these deaths involve a head injury. Bike Helmets can help absorb impacts and save their life. A motorcycle helmet is a type of helmet (protective headgear) used by motorcycle riders. The primary goal of a motorcycle helmet is safety - to protect the rider's head during impact, thus preventing or reducing head injury and saving the rider's life. Some helmets provide additional conveniences, such as ventilation, face shields, ear protection, intercom etc. Market Outlook Growing head injuries due to road accidents still remain the major factor driving the global market. However, manufacturers are concentrating on not only improving the quality of helmets but also making them stylish. This is expected to benefit the global market for motorcycle helmets in the near future. Currently, the full-face helmet segment dominates the global motorcycle helmets market, state the analysts. The increasing number of head injuries can be credited for the growing demand for full-face helmets. India two-wheeler helmet is forecast to grow at a CAGR of around 25% through 2022. Market growth is anticipated on account of rising awareness among consumers for safety coupled with introduction of advanced safety features in two-wheeler helmets. Moreover, increase in sales of luxury or premium two-wheeler vehicles coupled with rising per capita income is further expected to boost helmet sales in India during the forecast period. The off-road or motocross helmets are popular among the biker groups whereas open face or ¾ helmets are commonly used by the daily riders. With advancements in the technology, leading players are consistently manufacturing a wide range of motorcycle helmets. The global Motorcycle Helmets market is valued at 1670 million USD in 2017 and is expected to reach 1730 million USD by the end of 2025, growing at a CAGR of 0.5% between 2018 and 2025. Global Premium Motorcycle Helmets Global Premium Motorcycle Helmets Market is expected to grow at a CAGR of 10.4% during the forecast period. Rising demand for premium helmets because of an increase in the number of riders and technological advancements, strict enforcement of helmet laws across nations are the factors boosting the market growth. However, high cost of products is expected to hamper the market growth. Based on material, carbon fiber segment is expected to be the significant growth due to modern premium bike helmets are increasingly being made of carbon fiber, which provides a higher tensile strength, a fact that gives the rider much more safety. Europe is the largest market because of the continuous increase in the motorcycle permits in several European countries. Asia Pacific is projected to be the fastest growing market as manufacturers are producing bikes at relatively affordable prices. The target market for premium helmets constitutes people who have relatively high disposable income and ride motorcycles for recreational or leisure activities. As such, the developed markets, Europe, North America, and Japan are the major markets for premium helmets worldwide. Recent studies have found a direct correlation between the price of the helmet and the safety it provides. The premium motorcycle helmets market is segmented by the material used in the making of helmets as Kevlar, Carbon Fiber, Fiber Glass, Plastics. By geography, the market is segmented as North America, Europe, Asia-Pacific, Latin America, and Africa & Middle East. Europe is the largest market worldwide because of the continuous rise in the motorcycle permits in several European countries. Asia- Pacific is forecasted to be the fastest growing markets followed by China and India. Global Safety Helmet Market The global safety helmet market to reach USD 3.19 billion by 2025, driven by the rising awareness among the employees about safety, surge in the construction sector in developing economies, and strict safety norms mandating the use of protective gear. Increasing industrialization and growth of the construction industry in countries such as India, China, Mexico, Brazil and South Africa is also expected to create demand for safety helmets. Asia Pacific is expected to grow at a CAGR of 5.5%, in terms of revenue, over the forecast period due to an increasing demand for safety helmets in construction and manufacturing industries. In addition, significant infrastructure spending for existing & new structures in Europe is expected to add to the growth of the market over the forecast period. In 2017, the global Road Bike Helmet market size was million US$ and is forecast to million US in 2025, growing at a CAGR of from 2018. The objectives of this study are to define, segment, and project the size of the Road Bike Helmet market based on company, product type, application and key regions. Few Indian Major Players are as under: • Aerostar Helmets Ltd. • M S A (India) Ltd. • Mallcom (India) Ltd. • Steelbird Hi Tech (I) Ltd. 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Benzoic Acid Production Business

Benzoic Acid Production Business. Profitable Business Ideas in Chemical Industry Benzoic acid, C6H5COOH, is a colourless crystalline solid and the simplest aromatic carboxylic acid. Benzoic acid occurs naturally free and bound as benzoic acid esters in many plant and animal species. Appreciable amounts have been found in most berries (around 0. 05%). Cranberries contain as much as 300-1300 mg free benzoic acid per kg fruit. Benzoic acid is a fungistatic compound that is widely used as a food preservative. It often is conjugated to glycine in the liver and excreted as hippuric acid. Benzoic acid is a byproduct of phenylalanine metabolism in bacteria. It is also produced when gut bacteria process polyphenols (from ingested fruits or beverages). Benzoic acid has the advantage that it does not affect the odor or taste of the soft drink, if used in small quantities. The preserving quality of benzoic acid is based on its activity to delay the multiplication of several groups of microorganisms, which, however, are not killed by this product. The low solubility of benzoic acid in water complicates its application in products containing large amounts of water. Therefore, the water-soluble salt sodium benzoate is used. Benzoic acid and its salts used as preservatives are represented by E- numbers, E210, E211, E212, and E213. Benzoates are salts and esters of Benzoic acid. Benzoic acid when used as a preservative is added with a concentration of 0.05-0.1% to the food products. The rising demands for packaged food and beverages fuel the demand for Benzoic acid market growth globally. Benzoic acid and benzoate are used to preserve acidified food products such as fruit juice, pickles (vinegar), sparkling drinks, etc. as the efficacy of both of them depends on the pH of food. Benzoic acid is also used in chemical, pharmaceutical, plastics, and in other industries. It is used for the production of Benzoate Plasticizer, Benzoyl Chloride, and Alkyd Resins. The application of Benzoic acid can also be traced in medical, dye intermediates, and for animal feed. Benzoic acid is used as a constituent for the treatment of fungal skin diseases such as ringworm, athlete’s foot, tinea, etc. Benzoic acid is a common constituent in toothpastes, mouthwashes, deodorants, etc. in which it acts as an anti-microbial agent. The strong demand for the benzoate plasticizers also gives a positive outlook in the global expansion of its market. Market Outlook The benzoic acid market is projected to grow from USD 1,009.9 Million in 2018 to USD 1,313.5 Million by 2023, at a CAGR of 5.4% from 2018 to 2023. Benzoic acid is extensively used to manufacture sodium benzoate and potassium benzoate which are also known as its derivatives. Increasing demand of packaged food and beverages drive the demand for Benzoic acid market across the world. Food preservation is necessary to increase the shelf life of the packaged food products which drives the growth of Benzoic acid market. Increasing demand for the replacement of phthalate plasticizers by benzoate plasticizers for different applications is likely to drive the demand for Benzoic acid market. Rising population, higher income, and changing psychographics of Asian countries drive the growth of Benzoic acid market in the region. The consumption of Benzoic acid allows the market to remain relatively higher in the Asia-Pacific region, which will boost the advancement of this market. Rising demand for sodium and potassium benzoate also has been supporting the growth of Benzoic acid market. Per capita plastic consumption is following a higher rate in countries like India and China, which will enhance the demand for plasticizers and ultimately drive the market growth for Benzoic acid. Strict regulations in developed countries may limit the growth of alkyd resin and ultimately the Benzoic acid market. Benzoic acid is not dangerous when used in lower concentration. However, it can harm lungs and digestive tract after prolonged usage and exposure to the substance. Like any other chemicals, Benzoic acid also has some toxic properties which stagnates the growth of the market. Increasing demand of preservatives to improve shelf life of the products coupled with growth in food & beverages industry is likely to drive benzoic acid market price trend over the forecast period. Consumers are shifting preference towards adoption of convenience food and ready-to-drink (RTD) beverages owing to hectic lifestyle particularly in key regions such as Europe and North America. Packaged food & beverages are gaining popularity with increase in availability of different product ranges. This factor requires food & beverages to be safe for consumption after days or weeks of production. The global benzoic acid market is segmented by application into food & beverage (preservative), chemicals, plasticizers, animal feed, and others. Owing to the hectic lifestyle, consumer preference is shifting towards convenience food and ready-to-drink (RTD) beverages. Packaged food & beverage is gaining popularity, with the increase in availability of different product ranges. This requires food & beverages to be safe for consumption after days or weeks of production, which begets the use of benzoic acid derivatives as preservatives. A key factor driving the growth of the market is high demand for benzoic acid from the food and beverage industry. Owing to its exceptional solubility and anti-fungal characteristics, benzoic acid is increasingly being used as a food preservative in the ever-growing food and beverage sector. Benzoic acid and its derivatives, including sodium benzoate and potassium benzoate, are used to preserve acidic food and beverage items, such as aerated drinks, fruit juices, and jams. Growth in the food preservative markets in China and India is likely to fuel the consumption of benzoic acid in the food and beverages industry throughout the forecast period. This, in turn, is expected to boost the growth of the benzoic acid market. With the increasing awareness of healthy eating and living, rapid economic development, along with the increased per capita income and expenditure, the demand for processed and packaged foods has significantly increased over the years. Processing and packaging extend the shelf life of food products. As a result, food manufacturers use benzoates as food preservatives to keep packaged foods fresh for long durations. The increasing use of benzoic acid and its derivative compounds as food preservatives will positively influence the global benzoic acid market during the forecast period. On the basis of end use, the global benzoic acid market is segmented into food and beverage, chemicals, pharmaceuticals, and others. By application, the global benzoic acid market is segmented into sodium benzoate, potassium benzoate, benzyl benzoate, benzoate plasticizers, alkyd resins, benzoyl chloride, feed additives, and others. By region, the global benzoic acid market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The chemical industry also has an increased demand for the benzoic acid thus boosting the market growth. Increasing investments in the oil & gas refinery processing are also projected to augment the demand for benzoic acid over the forecast period. The growth of the pulp and paper segment is directly attributed to the growth of the paper recycling industry. The food & packaging end-user segment expected to be the major growth driver for the benzoic acid market in the forecast period. Major players in the global Benzoic Acid Market are Emerald Kalama, Shree Hari Chemicals Export Ltd., Novaphene, Chemcrux Enterprises Ltd., and Wuhan Youji Industries among others. ‘Emerald Kalama’ declared in 2015 that it would spend heavily on the production of high purity benzoic acid-based products at Rotterdam. The company has also collaborated with The Chemical Company (TCC) to distribute its K-Flex plasticizers. This can expand its global reach immensely. 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Biomedical Waste Recycling Industry

Biomedical Waste Recycling Industry. Start a Medical or Hospital Waste Management Business Biomedical waste (BMW) is any waste produced during the diagnosis, treatment, or immunization of human or animal research activities pertaining thereto or in the production or testing of biological or in health camps. It follows the cradle to grave approach which is characterization, quantification, segregation, storage, transport, and treatment of BMW. Biomedical waste is classified as a biohazard because of the disease that it might contain. Medical waste contains materials that have been contaminated by body fluids and may contain viruses, bacteria and even harmful drugs such as chemotherapy and radiation drugs. The importance of biomedical waste management should be high on any medical facility’s training and safety procedures. Bio Medical waste consists of • Human anatomical waste like tissues, organs and body parts • Animal wastes generated during research from veterinary hospitals • Microbiology and biotechnology wastes • Waste sharps like hypodermic needles, syringes, scalpels and broken glass • Discarded medicines and cytotoxic drugs • Soiled waste such as dressing, bandages, plaster casts, material contaminated with blood, tubes and catheters • Liquid waste from any of the infected areas • Incineration ash and other chemical wastes Biomedical waste can be disposed of through incineration or decontamination by heating with steam under pressure in an autoclave. Trash chutes must not be used for the transfer or disposal of biomedical waste. Classification of Biomedical Waste Approximately 75-90% of the biomedical waste is non-hazardous and as harmless as any other municipal waste. The remaining 10-25% is hazardous and can be injurious to humans or animals and deleterious to environment. It is important to realize that if both these types are mixed together then the whole waste becomes harmful. • Non Hazardous Waste This constitutes about 85% of the waste generated in most healthcare set-ups. This includes waste comprising of food remnants, fruit peels, wash water, paper cartons, packaging material etc. • Hazardous Waste Biohazard: Biological hazards, also known as biohazards, refer to biological substances that pose a threat to the health of living organisms, primarily that of humans. This can include medical waste or samples of a microorganism, virus or toxin (from a biological source) that can impact human health. It can also include substances harmful to animals. The term and its associated symbol is generally used as a warning, so that those potentially exposed to the substances will know to take precautions. Market Outlook India is likely to generate about 775.5 tonnes of medical waste per day by 2022 from the current level of 550.9 tonnes daily. Bio-medical waste in India is projected to grow at a rate higher than the overall healthcare services market driven by the expansion of the increasing awareness, improving efficiencies in the system, medical tourism, number of clinics, hospitals, rising of the ageing population and new BMW guidelines. Medical waste is the waste generated from hospitals, clinics, dental hospitals, veterinary hospitals, blood banks, and medical research institutes, laboratories. The waste may be generated during various treatments and surgeries, it may be generated during test, production or any biological research. Medical waste does not confine to used syringes and other surgical instruments but all the processes, testing and production of various biological operations. Global Medical Waste Management Market is estimated to reach $26.9 Billion by 2025; growing at a CAGR of 5.6% from 2017 to 2025. Medical waste management states to the suitable processing of waste materials produced by the healthcare institutions. These waste materials are generated at, hospitals, research institutions, health care teaching institutes, clinics, laboratories, blood banks, animal houses and veterinary institutes. Health-care waste comprises all the wastes produced by medical activities. It holds activities of diagnosis, curative and palliative, preventive treatments in the field of veterinary medicine and human. In addition, it includes the same types of waste originating from minor and scattered sources, including waste produced in the course of health care undertaken in the home (e.g. home dialysis, self-administration of insulin, recuperative care). The development of innovative manufacturing techniques for drugs and medical devices in the pharmaceuticals industry is growing rapidly. Furthermore, the growth of market is also reflected by the efficient supply of inventories required in day-to-day functioning of hospitals, clinics, and diagnostic centers. This results in generation of more waste. These by products and residues need a proper system or service for collection, transportation, disposal, and recycling of specific materials or byproducts, if required. Given the growing amount of all types of medical wastes, globally, and increasing regulatory pressure to properly dispose these wastes in a non-hazardous way, the global medical waste management market is expected to grow at a steady pace in the coming years. Medical waste refers to the waste originated within medical amenities, such as hospitals, clinics, veterinary hospitals/clinics, dental practices, physician's offices, laboratories, pharmaceutical industry, and blood banks. There are several types of medical wastes including hazardous (such as infectious, radioactive, or toxic), universal, bio hazardous (such as, red bag medical waste and sharps containers), and solid. The process of medical waste management includes transportation, treatment or destruction, disposal, and documentation of waste generated from the facility. Growing volume of medical waste, increasing focus on the management of medical waste, and stringent regulatory framework to manage these wastes safely and in an ecofriendly way are some of the factors driving the medical waste management industry. There are numerous factors driving, restraining and generating opportunities for the world medical waste management market. Rising concerns over employing eco-friendly and safe waste management and treatment process is likely to drive the market in years to come. In addition, the growing healthcare industry would generate more medical waste thereby, generating opportunity for the market. However, lack of awareness about the health hazards associated with medical waste, lack of training for proper disposal coupled with inadequate funds have hindered market growth of world medical waste management. The market is segmented in terms of disposal or treatment site, type of waste, service, treatment and geography. The treatment site for medical waste disposal can either be offsite or onsite. On the other hand, waste materials are classified as hazardous and non-hazardous waste. The market is also bifurcated in terms of waste treatment services which include collection storage, recycling & transportation, recycling and disposal of the waste. These waste could be treated by chemical treatment, incineration & autoclaving and others. On the basis of geography, the report segments the world medical waste management market into North America, Europe, Asia Pacific and LAMEA. Growing geriatric population requiring health care products and services, increasing incidence and prevalence of infectious and lifestyle diseases, expanding health care infrastructure, changing lifestyles, enforcement of various regulations for the management of biomedical waste, and increasing awareness about safety and security against the hazards caused by biomedical wastes are some factors driving the global biomedical waste management market. However, high cost of services provided by biomedical waste management players, lack of education to workers handling the waste and health care workers about importance of biomedical waste treatment and disposal are factors restraining the market. Some of the major players operating in global medical waste management industry include, BioMedical Waste Solutions LLC, Clean Harbors Inc., Daniels Sharpsmart Inc., Hawaii Bio-Waste Systems Inc. (HBW), Healthcare Environmental Services Group, Medclean Technologies Inc., Medasend Biomedical Inc., Miller Group, Republic Services Inc., REMONDIS SE & Co. KG, Suez Environnement S.A., Sharps Compliance Inc., Waste Management Inc., Stericycle Inc., and Gamma Waste Systems. Tags #Biomedical_Waste, #Medical_Waste_Disposal, #Biomedical_Waste_Management_in_India, #Biomedical_Waste_Disposal, #Bio_Medical_Waste_Management_Pdf, Bio Medical Waste Management PPT, Medical Waste Recycling, Solid Medical Waste and Recycling, Biomedical Waste Management, Industrial Waste, Hospital Waste Management, #Biomedical_Waste_and_Collection, Medical Waste Treatment, Medical & Biomedical Waste Disposal, Bio-Medical Waste Management, Biomedical Waste Treatment and Disposal, Biomedical Waste and Solid Waste Management, Hazardous and Biomedical Waste Management, Disposal of Medical Waste, Biomedical Waste Recycling, Hospital Bio-Waste Management, Hazardous Waste Management, How to Dispose of or Recycle Bio-Medical Waste, Project Report on Biomedical Waste Management Industry, #Detailed_Project_Report_on_Biomedical_Waste_Management, Project Report on Biomedical Waste Management, #Pre_Investment_Feasibility_Study_on_Biomedical_Waste_Management, Techno-Economic feasibility study on Biomedical Waste Management, #Feasibility_report_on_Biomedical_Waste_Management, Free Project Profile on Biomedical Waste Management, Project profile on Biomedical Waste Management, #Download_free_project_profile_on_Biomedical_Waste_Management, How to Start a Medical Waste Business, Starting a Medical Waste Disposal, Starting Your Own Medical Waste Disposal, How to Start a Waste Management Business, Medical Waste Disposal Cost, How to Start a Hazardous Waste Disposal Business, How to Start a Waste Disposal Business, How to Start Waste Management Business in India, Waste Management Business Plan, Commercial Medical Waste Disposal, How to Start a Biomedical Recycling Business, Managing and Disposing of Medical Waste, Medical Waste Recycling, Biomedical Waste Recycling Business
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