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

Agriculture: Project Opportunities in Goa

PROFILE:

Agriculture sector contributes one-fourth of the country’s GDP. India is the largest producer of milk, fruits, pulses, cashew nuts, coconuts and tea in world and accounts for 10 % of the world fruit production. India’s food grain production is expected to rise to 208.5 million tons by March 2006, from 204.6 million tons in 2005. Horticulture sector contributes 30 % of the agriculture GDP and accounts for 8.5 % of cultivated area. In the Global food processing industry Asia-pacific is accounting for 31.10 % of global market. India is the World’s second largest producer of food, next to China and has potential to be number one.

RESOURCES:

The major food crops in the State are rice, paddy, maize, jawar, bajra and ragi. While, main cash crops are coconut, cashew nut, arecanut, sugarcane and fruits like pineapple, mango and banana. Out of the total geographical area of 3702 sq km, the State has a rich forest cover of about 1424.46 sq km. Of this, 1224.46 sq km has been classified as Government forest (of which about 62% has been brought under Protected Areas (PA) of Wildlife Sanctuaries and National Parks) and the rest as private forests.

GOVERNMENT POLICIES:

Indian agriculture policy is aimed essentially at improving food self sufficiency and alleviating hunger through food distribution. In India, agricultural trade policy is a part of a larger food and agriculture policy regime that seeks to maintain food self-sufficiency while providing income support to the agricultural sector and poor consumers. The salient features of the new agricultural policy are:

•        Over 4 per cent annual growth rate aimed over next two decades.

•        Greater private sector participation through contract farming.

•        Price protection for farmers.

•        National agricultural insurance scheme to be launched.

•        Dismantling of restrictions on movement of agricultural commodities throughout the country.

•        Rational utilisation of country's water resources for optimum use of irrigation potential.

•        High priority to development of animal husbandry, poultry, dairy and aquaculture.

•        Capital inflow and assured markets for crop production.

•        Exemption from payment of capital gains tax on compulsory acquisition of agricultural land.

•        Minimise fluctuations in commodity prices.

•        Continuous monitoring of international prices.

•        Plant varieties to be protected through legislation.

•        Adequate and timely supply of quality inputs to farmers.

•        High priority to rural electrification.

•        Setting up of agro-processing units and creation of off-farm employment in rural

Fisheries and Aquaculture Sector: Project Opportunities in Goa

PROFILE:

The 'fisheries and aquaculture sector' is recognized as the sunshine sector in Indian agriculture. It stimulates growth of number of subsidiary industries and is the source of livelihood for a large section of economically backward population, especially fishermen, of the country. Fish production in India has increased more than tenfold since its independence in 1947. According to the Food and Agriculture Organization of the United Nations, fish output in India doubled between 1990 and 2010. India has 8118 Km of marine coastline, 3827 fishing villages, and 1914 traditional fish landing centres. India's fresh water resources consists of 195,210 Km of rivers and canals, 2.9 million hectares of minor and major reservoirs, 2.4 million hectares of ponds and lakes, and about 0.8 million hectares of flood plain wetlands and water bodies. As of 2010, the marine and freshwater resources offered a combined sustainable catch fishing potential of over 4 million metric tonnes of fish.

RESOURCES:

Fishing is another traditional and important economic activity of the State. Goa, being located on the west coast of India, has a coastline extending over 100 Km and inland waterways of another 250 Km, rich in marine wealth. Prawns, the valuable foreign exchange earner, mackerels, sardines, etc. are available in plenty in Goa coast. Fish is a protein rich food. It forms a chief component in the diet of about 90% of the population of Goa. Capture fisheries of Goa (India) constitute a highly productive sector. They remain one of the major sources of valuable food and employment and a net contributor in the foreign exchange earnings. As a result of this dramatic increase some marine fish stocks have started showing the sign of over-exploitation. Many small scale units based on fisheries resources like salt curing of mackerels, fish meat, fish oils, dehydration of fishes etc. are being set up under the State. The fishing activity has also given a big boost to canning, freezing and other fish processing units in the State. A couple of fish oil extraction as well as fish meal manufacturing units can also be set up in the State by utilising the rich fisheries resources.

GOVERNMENT POLICIES:

The Indian government announced NDSP as part of the economic reforms programme. The policy involved three schemes - leasing out of foreign fishing vessels to operate in the Indian EEZ, engaging foreign fishing vessels for test fishing and forming joint ventures between foreign companies and Indian companies on 49:51 equity basis in deep sea fishing, processing and marketing. Government of India started giving licenses to joint venture, lease and test fishing vessels.

Tourism: Project Opportunities in Goa

PROFILE:

Tourism in India is the largest service industry, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. Tourism has become an important industry in many countries of the world, both in the east and the west. Various initiatives are being taken by the Government and other organizations to promote tourism here. Tourism is one of the fastest growing industries in the world. The number of tourists worldwide has been registering phenomenal growth and it is expected that this number would shortly touch 1.5 billion. Tourism contributes about 11% of the world work force and 10.2% of the global gross domestic products. The dynamic growth of this industry is evident from the fact that a new job is added to this sector every 2.5 second.

RESOURCES:

Goa is one of the most preferred places of holiday in India. It may not be the state to receive maximum number of tourists in India but the state is well known to receive international tourists on a large scale, more than probably any other state in the country. Thus, it is evident that tourism is the main source of income for the state government as well as residents who rely heavily on the tourists to boost of their trade. Notably, Goa is the state with the highest GDP in India. Agonda, Candolim, Calangute and Dona Paula are some of the Goa beaches that are most inviting. However, these are not the only beaches in the state. The beaches are known to witness a massive footfall throughout the year. Besides, the churches in the state are the living reminiscent of the Portuguese rule in the state of Goa. The beautifully adorned churches are one of the major contributors that led the state earn the sobriquet of "Pearl of the Orient".

GOVERNMENT POLICIES:

The basic Government policy would be to raise the quality of the infrastructure, which is a foundation for the sustainable growth of tourism and is crucial for accelerated benefits to the people of the state. Accordingly, Government would endeavour to provide:-

•        Encouragement to existing private initiatives through an appropriate package of fiscal and friendly taxation measures.

•        Investor friendly environment for new private initiatives through a combination of prompt processes and progressive fiscal and taxation policies.

•        Develop tourism as a non-invasive instrument of revitalization, conservation and growth.

•        A balanced tourism development as a part of the overall Area Development Strategy.

•        Public infrastructural facilities including local planning and zoning arrangements.

•        Entrust regulatory measures to ensure social, cultural and environmental sustainability.

•        Ensure that the type and scale of tourism development is compatible with the environment and social cultural milieu of the area.

•        Ensure that the local community is involved and the benefits of tourism accrue to them.

•        Ensure availability of trained manpower primarily from amongst the local pollution.

•        Undertake research, prepare Master Plans, formulate marketing strategies and organize domestic and overseas promotion and marketing jointly with the industry.

•        Ensure Regulation of Indigenous Tourism related Health Care System.

•        Measures to ensure promotion, facilitation and regulation of Tourist Trade.

Mineral and Mining: Project Opportunities in Goa

PROFILE:

A mineral is a naturally occurring solid chemical substance formed through biogeochemical processes, having characteristic chemical composition, highly ordered atomic structure, and specific physical properties. Common rocks are often made up of crystals of several kinds of minerals. There are some substances, like opal, which have the appearance of a mineral but lack any definite internal structure, are sometimes called "mineraloids". The minerals produced in India constitute one-quarter of the world's most popular mineral resources.

RESOURCES:

The State of Goa is a tiny emerald land on the west coast of the Indian Peninsula. The rich and varied mineral resources of the State have contributed handsomely towards the development and industrialization of the State. The State of Goa has an important position in the Mineral Map of the Country.  The production of iron ore accounts to about 13% of the iron ore production in India and its exports accounts to about 35% of the Country exports. The State of Goa is endowed with Mineral Resources.  Iron ore, Manganese ore, Bauxite are minerals of economic importance.  Besides there are minor minerals like Basalt, Laterite stones and rubbles, River sand, Murrum etc., which are in great demand as construction material.  This industry is labour intensive and provides work to large number of people. The Bauxite Mines are situated in South Goa over an area of 1263.678 Ha. with estimated reserves of 70 million tons. These are metallurgical grade bauxite which can also be used for various applications such as cement, alumina chemicals, etc.

GOVERNMENT POLICIES:

Strategy for mineral development and exploitation:

•        Notification for re-grant of mineral concessions.

•        Sustainable Development

•        Mine Rehabilitation

•        Simplification of Procedure

•        Environmental and ecological balance.

•        Development of Infrastructure Facilities

•        Financial Assistance

•        Value Addition and Upgradation of Minerals

•        Information Dissemination

•        Foreign Capital Investment

Waste Management and Recycling: Project Opportunities in Goa

PROFILE:

Waste utilization, recycling and reuse plays a major role in limiting resource consumption and the environmental impact of waste. Recycling is an integral part of any waste management system as it represents a key utilization alternative to reuse and energy recovery (Waste-to-Energy). Which option is ultimately chosen depends on the quality, purity and the market situation. Hazardous waste management is a new concept for most of the Asian countries including India. The lack of technical and financial resources and the regulatory control for the management of hazardous wastes in the past had led to the unscientific disposal of hazardous wastes in India, which posed serious risks to human, animal and plant life.

RESOURCES:

Goa produces around 300 tonnes of garbage, but with municipal bodies. The proliferation of plastic wastes in the urban and village environments of Goa, and the abysmally hopeless and inadequate arrangements of municipalities and authorities for the disposal of this plastic litter, are subjects which many environment NGOs and citizens have expressed anguish over right from the inception of the Goa Environment Federation (GEF). Goa receives around 2 million of domestic and international tourists per year. A tourist produces an average of 1kg of waste a day. If we calculate the waste therefore, generated by the tourism industry in Goa the figures are shocking and huge. This waste is leading to a loss of biodiversity which is linked to human activities and loss of landscape attractiveness affect a number of tourist destinations. Though a few civic bodies, including CCP, have initiated solid waste management programmes, the problem is also in coping with the huge outflow of non-biodegradable waste from tourism industry, shops and establishments and plastic-oriented packaging in a consumerist society. Around 2,000 composting units to treat wet waste have been set up at various levels, including individuals and housing colonies.

GOVERNMENT POLICIES:

National policy on waste management is set out in the October 1998 policy statement on waste management - Changing our Ways. It outlines the Government's policy objectives in relation to waste management, and suggests some key issues and considerations that must be addressed to achieve these objectives. The policy is firmly grounded in an internationally recognised hierarchy of options, namely prevention, minimisation, reuse/recycling, and the environmentally sustainable disposal of waste which cannot be prevented or recovered.

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Beer, Whisky and Rum Production

Beer, Whisky and Rum Production. Start an Alcoholic Beverages Manufacturing Business Beer is an alcoholic beverage prepared by saccharification and fermentation of grain. It is one of the most extensively consumed alcoholic beverage worldwide, after tea and coffee. India is one of the biggest manufacturer of Beer in the world. Beer has become a one of the most popular alcoholic beverages in the country only over the past two decades. At present there are more than 60 beer brands available in the India alcohol beverage market. The majority of beer’s market growth is driven by young consumers and the consumers who consider beer a trendy drink, as compared with other traditional spirits. There is also a significant demand for foreign beer in the urban markets. The maximum levels of beer consumption in India are observed in the southern states. The healthy growth rate for the beer industry is an indication of the huge potential of opportunities open for breweries and beer brands marketing and/or manufacturers in India. Most of the major distilleries and breweries around the world have now created a base in India, either in the form of manufacturing unit or through distributors and joint ventures. Whisky Whisky (or whiskey) is a distilled spirit made from fermented grain and typically matured in wooden containers for some period of time. Rum Rum is one of the most popular liquors and it is used to create many of favorite cocktails, including the daiquiri and mojito. The sweet taste of rum makes it a versatile mixer and it is essential for any well-stocked bar. It can be used in anything from the great tropical drinks of the tiki scene to the warm drinks that keep us toasty all winter long. Market Outlook Beer Market India Beer Market is projected to grow at a CAGR over 7.6% during 2018-2024. Increasing disposable income, urbanization, growing youth population as well as rising acceptance of social drinking have buoyed the growth of beer market in India. The country ranks among one of the largest alcohol markets across the globe. Indian consumers are increasingly opting for beer which has a smooth and light taste, finding it easy to drink when socializing with friends. Light tasting beers are also becoming popular among those drinking alcohol for the first time. Indians are becoming increasingly health-conscious, paying more attention to the nutritional value and calorie content of the foods and drinks they consume, with many being keen to try new alcoholic drinks which are seen as less harmful to health amidst the rising prevalence of conditions such as obesity, high blood pressure and diabetes. With many Indians consuming beer on a regular basis, healthier variants are proving very appealing. Growing youth segment and working women population, rising incomes and rising purchasing power, higher brand consciousness, changing consumer preference, growing urbanization and Increase in number of upper middle class are the biggest drivers in the growth of Beer industry of India. Also, increased stress, change of lifestyle, availability of products and product diversification are also helping Beer sector to grow in India. The Global Beer Market was valued at $593,024 million in 2017, and is projected to reach $685,354 million by 2025, growing at a CAGR of 1.8% from 2019 to 2025. The origin of beer dates to the early neolithic period, and is one of the oldest and the most consumed alcoholic beverages in the world. The consumption of beer has augmented in the recent years due to rise in disposable income and increase in consumer preferences for beer over other alcoholic beverages. In addition, surge in female drinkers and unprecedented rise in youth population fuel the growth of the beer market. Changing lifestyle, 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. However, there are a few restraints that are slowing the pace of the industry, such as heavy taxation and legal regulations, health issues stemming from beer consumption, and availability of beer substitutes. Innovative products, with flavor innovation, growing popularity of craft beer, and growing demand for imported beer are expected to provide future growth opportunities for the market. The increasing promotional activities along with strong marketing strategies is also expected to augment the growth of the global beer market. Rise in the number of population consuming beer and social recognition of beer being considered as a drink are some of the major growth drivers of the global beer market. Some of the key players operating in the global beer market include Asia Pacific Breweries, Grupo Modelo, Heineken N.V., Molson Coors Brewing Company, Yanjing Brewery, Tsingtao Brewery Company Limited, Carlsberg Breweries A/S, Sapporo Breweries, Anheuser-Busch Companies Inc., Asahi Breweries, SABMiller, Kirin Brewery Company Limited, and Scottish & Newcastle. Whisky The global whisky market is expected to reach USD 7.40 billion by 2023, witnessing a CAGR of 5.3% during 2018-2023 (forecast period). Whiskey is considered as an affordable luxury item, leading many whiskey manufacturing companies to launch more premium and super premium products in the market. As a product innovation, the brewing industry is launching an organic whiskey without any artificial colors. The global whiskey market is driven by the changing lifestyles, consumption habits of whiskey, high disposable income, growing affordability of whiskey, and increasing demand for premium whisky. However, there are a few restraints slowing down the pace of the industry, such as heavy taxation, legal regulations by the governments, health issues related to whiskey consumption and increasing number of consumers preferring alternatives such as wine and beer. As per the whiskey industry, there are some good opportunities in the market, such as innovative organic whiskey products, and an opportunity to penetrate the different geographies and demography. The global whiskey market can be segmented by product, quality, and geography. By product types, whiskey can be classified into malt, wheat, rye, corn, blended, and others. Out of all these sub-categories, blended whiskey has 79% of the market share. By quality of whiskey products, the market can be divided into premium whiskey, high-end premium whiskey, and super premium whiskey. Premium whiskey is in demand and has the largest share of the whiskey market by quality. The global whisky market is being driven by premiumization which is resulting in both volume and value growth. The rising middle-class consumer demography from emerging markets is also playing a major role in increasing the demand in the whisky industry sphere. Some of the leading manufacturers and suppliers whiskey market are Affymetrix, Inc, Agilent Technologies, Inc, Bio-Rad Laboratories, Inc, Bruker Corporation, Clontech, Danaher Corporation, GE Healthcare, Luminex Corporation, Merck KGaA, New England Biolabs, Perkinelmer, Inc, Qiagen, Thermo Fisher Scientific, Inc. and Waters Corporation. Rum A key factor driving the growth of the market is new product launches. Product development and extension in product offerings are popular strategies that players adopt to increase the demand for alcoholic beverages such as rum. Over the past few years, the global rum market has witnessed a rise in the number of product launches. The rum market is segmented on the basis of nature, rum type, proof type, distribution channel and region. On the basis of nature, the global rum market is segmented into organic and conventional. The conventional segment is expected to account for a significant revenue share in the global rum market in terms of both value and volume owing to limited points of differentiation between conventional and organic rum, in addition to organic certified rum being available at a significant premium. However, the organic segment is expected to grow at a robust CAGR in the near future in the global rum market. On the basis of rum type, the global rum market is segmented into white rum, golden rum, dark rum, and spiced rum. Among all the different types of rum, white followed by golden rum is expected to dominate the global rum market in the near future owing to increasing number of consumers across various regions demanding such products. Increasing per capita spending on alcoholic beverages in developing region supported by strong economic growth is expected to drive the global rum market over the forecast period. Traditionally alcoholic drinks were consumed largely by men, however, today the popularity of alcoholic drinks among women has also increased to a greater extent thus contributing towards the growing market for rum in the near future. The global rum market has witnessed impressive growth over the last couple of years driven by a number of favorable factors. Growing urban population coupled with rising disposable incomes in emerging economies is leading individuals to explore new forms of entertainment such as night parties and spending time at bars, pubs, and lounges. Further, young adults with spending power, social media influence, and easy access to alcoholic drinks are other prominent factors driving sales of alcoholic beverages. In urban areas, high pressure jobs and the perception that consumption of alcohol is relaxing to the mind is leading to the increased consumption of rum. By distribution channel, the global rum market is segmented into hypermarket/supermarkets and liquor shops. The liquor shops segment followed by hypermarket/supermarket segment is expected to account for significant market share in the global rum market in the near future. Tags #Beer_Production, #Production_of_Alcoholic_Beverages, #How_Beer_is_made? #Manufacture_of_Whisky, #Whisky_Production, How Whiskey is Made? 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Natural Glycerin Manufacturing Industry

Natural Glycerin Manufacturing Industry. Start a Glycerol/ Glycerine Production Business. Global market is expected to reach $3.12 billion by 2021 Glycerin, also referred to as glycerol or 1, 2, 3-propanetriol, is a polyhydric alcohol and part of triglycerides mainly found in vegetable and animal oil. Glycerin is derived either from natural resources or from petroleum feedstock. It is a byproduct generated during the manufacturing of biodiesel and soap. Some of the prominent applications of Glycerin include its use for moisture retention or as humectant in personal care. It is also used in medical formulations and industrial chemical manufacturing. Pharmaceutical application will continue to dominate the market for glycerin during the forecast period. Glycerin is an important raw material used for manufacturing products such as creams, jellies, eye-drops, syrups, and lozenges among others due to its smoothening, moisturizing, and sweetening properties. Increase in spending on medication and rising use of new and expensive medicinal products due to increasing health concern has propelled the consumption of pharmaceutical products in the recent years. Glycerin is mainly used in cosmetics and personal care products to enhance the smoothness and moisture content of the skin. It is found in facial moisturizer, body lotion, sunscreen, makeup, hair care, facial treatments, shaving cream etc. It acts as a humectant that prevents the premature loss of moisture from cosmetic products and it has a cooling effect on the skin. Growing awareness about skin challenges, urge to maintain an even skin tone, demand for anti-aging skin cosmetics and desire to look beautiful and young is driving the product sales, allow deeper penetration and expansion into newer markets. Moreover, increasing product demand from pharmaceutical end-user, will help the glycerin market to further grow till the end of forecast period. Market Outlook The global glycerin market is projected to reach $3.12 billion by 2021, at a CAGR of 6.8% from 2016 to 2021, in terms of value. The global glycerin industry is witnessing growth due to increasing applications, technological advancements, and increasing demand in the Asia-Pacific region, mainly from China, India, and South East Asia. The single most long term growth potential for glycerin in the personal care segment is from the rapid urbanization, increasing disposable incomes, and growing preference for natural ingredients among consumers. However, oversupply and low profitability may hamper the growth of the glycerin market. The industrial applications represent the bulk of the demand for glycerine. High demand for glycerin in toothpaste, facial creams, and other cosmetics is expected to benefit its market in the personal care industry during the forecast period. Glycerin is used for pharmaceutical and medical preparations, mainly as means for improving smoothness, providing lubrication, and humectants. It is used in cough syrups, elixirs, and expectorants. Glycerin is used for excipient uses only in the personal care industry, and serves as a humectant, solvent, and lubricant. It is used as a moisturizing agent in facial creams and other cosmetic products to keep the skin soft and replace skin moisture. It is the basic media for toothpaste which maintains its desired smoothness and viscosity and gives shine to the paste. Increasing awareness among consumers regarding the benefits of natural ingredients is expected to benefit the growth of the glycerin market in the personal care, pharmaceuticals & healthcare, and food & beverages segments. Increasing scope of application of glycerin in producing chemical intermediates is also expected to drive demand during the forecast period. Based on end-use industries, global glycerin market can be segmented into food & beverages, pharmaceuticals & healthcare, personal care, and others such as automotive, etc. The extensive use of the product in the personal care segment as a thickening agent, emulsifier, lubricant, and humectant will contribute to the growth of this segment. The additional advantages such as low toxicity and solubility will also supplement the glycerin market growth. Based on source, glycerin market is segmented into vegetable oils, bio-diesel, synthetic and others such as soaps, fatty acids etc. Biodiesel has become a major source of crude glycerin attributed to the advancement of transesterification and will significantly accelerate the glycerin market growth. An increasing production of biodiesel and the regulations related to it; rising efforts towards the development of novel applications; and a growing preference and demand for bio-renewable chemicals are factors that are likely to boost the growth of the global glycerin market over the forecast period. However, fluctuations in supply as well as availability of substitutes is likely to hinder growth of the global glycerin market over the forecast period. Global glycerin manufacturers include Emery Oleochemicals (Malaysia), IOI Oleochemicals (Malaysia), Wilmar International (Singapore), KLK Berhad (Malaysia), Godrej Industries (India), Croda International Plc (U.K.), Cargill Incorporated (U.S.), P&G Chemicals (U.S.), Kao Corporation (Japan), and Avril Group (France), among others. Tags #Production_of_Glycerin, #Manufacture_of_Glycerine_in_India, How to Make Glycerine (Glycerol), How to Make Glycerin, #Glycerine_Manufacturing_Plant, How is Glycerol Made? 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Paper Manufacturing Industry

Paper Manufacturing Industry. How to Start a Profitable Paper Mill Business. Production of Writing and Printing Paper Paper is one of the basic needs of modern life. It is a well-known product, which is the only media of communication through writing. It is used in every part of life, i.e., education, office, researches, engineering, art, book printing, magazine, newspaper, etc. Paper is an important material, usaed daily for many purposes worldwide. Used in a wide variety of forms, paper and paperboard are characterized by a wide range of properties. Papers are used for writing purpose and printing purpose. Books are created using papers and newspapers etc. Now most of them used computers for creating notes but if computer get damaged also disappeared, where the note in paper permanent and reading is a good habit and its increase our knowledge level, reading lots of book is good habit but Reading things in computer decrease power of eye. Papers are made from some kind of trees. Uses and Applications: • Media Kraft Paper: This is used in corrugated box manufacturing and by all the industrial packaging units. The main market lies in Chennai, Madurai, Coimbatore, Virudhunagar and Sivakasi. • Plain/Ribbed Kraft Paper: This is used as wrappers for books and notebooks and also in all packaging industries. • White Poster and Color Poster: These are consumed by the printing presses for wall posters and also for printing tickets, vouchers, etc. The main market is at Chennai and Sivakasi where there number of printing presses exist. • Manila paper: This is made out of No.1 white cutting, used for making envelopes and will be marketed in Chennai and Sivakasi. • Tea Yellow Posters and Blue Match Paper: These are low grammage papers extensively used in packing match box and crackers. The main market is in Chennai, Sivakasi. • Grey poster and grey poster superior: This is extensively used in match industry where match boxes are manufactured in automation process. This type of match boxes can be seen in luxury hotels, airlines etc. Market Outlook Indian paper industry is poised to grow and touch 25 million tonnes from 20.37 million tonnes to 2019-20 from 2017-18 at rate of 10% per annum. India produces many varieties of papers, namely, printing and writing paper, packaging paper, coated paper and some speciality paper. Varieties under printing and writing paper are creame wove paper, super printing paper, maplitho paper (non-surface and surface size), copier paper, bond paper and coating base paper and others. The varieties under coated paper are art paper/board, chromo paper/board and others. There are approximately 600 paper mills in India, of which twelve are major players. Paperboard & industrial packaging paper, paper stationery, newspaper print and speciality paper altogether creates the overall paper market. As paper industry of India are become more competitive by adding improvements of key ports, roads & railways and communication facilities, revision of forest policy is required for wood based paper industry so that plantation can be raised by industry, cooperatives of farmers and state government. Paper demand in India has risen on the back of several key growth drivers. The country's rising literacy rate has increased the demand for books and textbooks. While India's booming e-commerce and retail sectors have accelerated consumption of paperboard & packaging. Furthermore, growing concerns about plastic packaging and the recent plastics ban in Maharashtra has provided an additional fillip to paper-based alternatives. At the same time, premiumisation is driving industry growth as consumer product companies seek to differentiate through higher quality packaging that requires premium papers. Across the board, rising disposable income is increasing both direct and indirect paper demand. In addition, growing Indian economy, the rising disposable income of consumer, higher literacy rate, growth of FMCG market, etc. encourage the use of paper for writing, printing, newspaper, packaging and much more. Among them paper for paperboard and packaging is used in highest ratio of total paper market. And secondly largest share is contributed by stationery. Altogether both segments are anticipated to sale more than 15 million tonnes (MT) at the end of forecasted period. Currently, the industry has seen an increasing demand for household paper items apart from educational demand. These are tissue paper, facial tissues, face wipes, paper towel, paper napkins, paper cup saucers etc. Household paper products are used for maintaining proper hygiene and cleanliness. Health concerns regarding infectious diseases and allergy have been a major factor in the growth of household paper products market. India’s share in global paper demand, though small is growing as demand in the western nations contracts, while domestic demand in India grows at a steady pace Globally over 400 million tonnes of paper and paper products are consumed. The world's three largest paper producing countries are China, the United States, and Japan (these three countries account for approximately half of the world's total paper production), while India accounts for a small but growing share of the global market. The global paper and pulp mills industry has contracted slightly over the past five years, primarily due to the shift to digital media and paperless communication across most developed economies. However, demand in emerging markets has partially offset the decline by driving increased demand for paper used in packaging materials. India is a large under-penetrated country, as despite the sustained growth witnessed by the industry, the per capita paper consumption in India stands at a little over 13 kg, behind the global average of 57 kg. For the Indian paper industry, strong economic growth has been accompanied by equally robust demand for paper. The demand drivers and growth triggers have come from a combination of factors such as rising income levels, growing per capita expenditure, rapid urbanization and a larger proportion of earning population which is expected to lead consumption and there is enormous potential for the paper industry in the country. CARE Ratings expects that the overall paper demand growing at a CAGR of 6.6% is likely to touch 18.5 million tonnes in 2018-19. The individual segments are expected to grow as follows: Printing and Writing segment demand is expected to grow at a CAGR of 4.2% and reach 5.3 million tonnes in FY19. The demand is expected to grow on account of an anticipated pick-up from the education sector with improving literacy rates and growing enrolment as well as increasing number of schools and colleges. Packaging paper & board segment caters to industries such as FMCG, food & beverage, pharmaceutical, textiles, etc. Demand for Packaging Paper & Board segment is expected to grow at a CAGR of 8.9% and reach 9.7 million tonnes in FY19 due to factors such as increased urbanization, requirement of better quality packaging of FMCG products marketed through organized retail, and increasing preference for ready-to-eat foods. In this digital era, the demand for the paper is still increasing. The global paper industry experienced stable growth during the last five years and is expected to continue its growth momentum. According to the industry experts, it will reach approximately US $256 billion in 2017 with a CAGR of 5.9% over the next five years. The paper industry is highly fragmented. A combination of factors such as demographic condition, economic condition, and environmental regulations have a significant impact on the industry dynamics. Printing and Writing Papers Market The global printing and writing papers market draws a high demand from the use of tissue and packaging products. The need for printing and writing papers of the tissue and packaging industry has specifically sprung from the elevating demand from containerboards. However, the environmental regulations related to the paper and pulp sector could act as a major constraint. Howbeit, with emerging markets welcoming novel packaging techniques, the global market is projected to witness a great opportunity from cementing its growth. If the leading applications are concerned, commercial printing has primarily stole the spotlight from other application segments. Printing and writing papers also find extensive usage in digital printing, catalogs, magazines, stationeries, and office reprographics. The demand is expected to grow on account of an anticipated pick-up from the education sector with improving literacy rates and growing enrolment as well as increasing number of schools and colleges. The global paper industry is undergoing rapid transformation and plays significant role in the global packaging industry. In addition to manufacturing of packaging products such as corrugated boxes, paperboards or envelopes, papers are also used for the production of printing paper for printing purposes. Rapid transformation of graphics industry is expected to hamper growth of the global Printing paper market. Furthermore, as the digital technology increases, there will be growth in acceptance towards reading and writing work on the screen, which might affect growth of printing paper market. Emerging markets such as Asia Pacific and Latin America are expected to push growth of global Printing paper market due to rise in population as well as disposable income. MEA is expected to witness steady growth in printing paper market due to deficient technology in this region. Overall, the global Printing paper market is forecast to enjoy moderate growth in the forecast period. Tags #Papermaking, Paper Production Process, #Paper_Production, Paper Manufacturing Process, #Paper_Manufacturing_Process_Pdf, Paper Manufacturing Process Flow Chart, Paper Making Process Flowchart, Uses of Paper, Pulp and Paper Industry, Paper Manufacturing Process PPT, Paper Industry, Manufacture of Paper, Paper Mill Business Plan, How to Start Paper Making Business, Paper Manufacturing Business, Starting a Paper Mill, #I_Want_to_Start_a_Paper_Manufacturing_Business, How to Start a Profitable Paper Mill Business, Paper Business Ideas, Paper Manufacturing Business Plan Pdf, #How_to_Start_a_Paper_Factory, Paper Manufacturing Unit, Detailed Project Report on Paper Manufacturing Business, How to Start Paper Production, Paper Manufacturing, #Project_Report_on_Paper_Manufacturing_Industry, Detailed Project Report on Paper Mill, Project Report on Paper Production, Pre-Investment Feasibility Study on Paper Mill, Techno-Economic feasibility study on Paper Mill, #Feasibility_report_on_Paper_Mill, Free Project Profile on Paper Mill, Project profile on Paper Production, #Download_free_project_profile_on_Paper_Mill, How to Start a Paper Factory, #I_Want_to_Start_a_Paper_Manufacturing_Unit, How can I start my own Paper Manufacturing Industry? #How_to_start_my_own_Paper_Manufacturing_Business, Printing and Writing Paper, Production of Printing and Writing Paper, Printing and Writing Paper Production, Paper Mills or Paper Manufacturing, Manufacture of Printing & Writing Paper, Writing and Printing Paper, Writing Printing Paper Mill, Manufacturing of Writing & Printing Paper, Printing & Writing Paper Manufacturing
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Cassava Starch Manufacturing Industry

Cassava Starch Manufacturing Industry. Tapioca Starch Processing and Production Business. Start a Starch Manufacturing Business Cassava starch is produced primarily from the wet milling of fresh cassava roots and it is also produced from dry cassava chips. Starch is the major component of cassava which is present in large amounts which have 25% of starch content that is obtained from mature and good quality cassava roots. Around 60% of cassava starch is obtained from the dry cassava chips and around 10% of dry pulp is also available from the 100 kg of cassava roots. Cassava starch has many beneficial properties which include paste clarity, high viscosity, and freeze-thaw stability which is generally needed for industrial purposes. Cassava starch is non-gluten, non-GMO (genetically modified organisms) and non-allergenic ingredient. Cassava starch is gluten-free which is highly preferred by consumers that are gluten intolerant. Cassava starch is also known as tapioca flour or tapioca starch. Cassava starch is mainly used in sweetened as well as in unsweetened bakery products. Cassava starch is majorly used in the manufacturing of monosodium glutamate (MSG) in various Latin American countries. Cassava starch is mostly preferred in various bakery products and confectioneries than any other starches. Tapioca Starch Applications: Tapioca starch is used in varied industrial as well as commercial applications. Its uses as so diverse that it can be found in almost all kinds of industries ranging from paper, textile, food and furnishings. • Tapioca starch has excellent binding capacity so used in adhesive industry. After mixing it with water, it becomes quiet sticky and remains like this for a long period of time. Industrial glues are also made from the high quality tapioca starch. • It is used as filler in compounded animal feed. • Tapioca starch is extensively used in many textile processes. It is required during sizing of yarn and also for finishing cotton as well as polyester fabrics. Also it is used while producing textile during its process of mixing, printing and finishing. During the process of mixing it is used as a sizing agent. Tapioca starch is also used as a finishing agent to make the fabric smooth. Also it makes the colors of the fabric very sharp and durable. • Tapioca starch is extensively used in many kinds of confectioneries as thickeners, gelling agent, for foam strengthening as well as film foaming and glazing. Low viscosity tapioca starch is used in jellies and gums. While casting, powdered starch is used as a mould release. • Tapioca starch is used in place of sucrose in beverages. • From this starch ethanol is also made that is used as a fuel.720 litres of ethanol is produced from 1 ton of starch. Market Outlook The global cassava starch market is segmented on the basis of starch, grade, end user, nature, application, and region. The global cassava starch market is segmented on the basis of starch such as unmodified or native starch, modifies starch (for industrial purposes) and sweeteners which includes high-fructose syrup and glucose. The global cassava starch market is segmented on the basis of grade which include food grade, feed grade, and industrial grade. The global cassava starch market is segmented on the basis of application in which cassava starch is used as a stabilizing agent in various food products such as soups, sauces, soy-based beverages and meat products. The global cassava starch market is segmented on the basis of end users such as animal feed, paper industries, and food and textile industries, cosmetic industries and others. Animal feed industry uses dried cassava roots as an ingredient along with cassava pellets and cassava meal for livestock. The global cassava starch market is segmented on the basis of nature such as organic cassava starch and conventional cassava starch. Cassava starch is also used in confectionery coatings, bakery products, and others. Hence, the global cassava starch market is expected to represent a significant growth over the forecast period. The global cassava starch market reached a production volume of more than 8 Million Tons in 2017, registering a CAGR of 5.2% during 2010-2017. The market volume is further projected to cross 10 Million Tons by 2023, at a CAGR of 4.0% during 2018-2023. Cassava starch, or tapioca, is procured from cassava roots through the process of washing and pulping. It is rich in iron, folate, manganese, carbohydrates and calcium. In comparison with its alternatives, cassava is a relatively cheap raw material containing a high concentration of starch. Moreover, cassava starch offers numerous advantages such as neutral taste, high level of purity and excellent thickening characteristics. It also has a high paste clarity, freeze-thaw stability and paste viscosity. Owing to this, cassava starch finds applications in diverse industries like food, beverage, fuel, textile, sweeteners and paper. Growing demand for cassava starch as a stabilizing and binding gent in various food products is a major factor driving the global cassava starch market worldwide. Manufacturers are offering innovative cassava starch-based products to the customers in order to remain in the competition in the market. Dried cassava roots extraction is used for feeding and lactating livestock. Cassava starch is also used for the application such as bakery products, confectioneries, jams and jellies, monosodium glutamate, caramel, and others. Cassava starch is a good source of minerals such as calcium, manganese, phosphorus, iron and others. Hence, the global cassava starch market is expected to represent a significant growth over the forecast period. Cassava starch is also used for the application such as bakery products, confectioneries, jams and jellies, monosodium glutamate, caramel, and others. Cassava starch is a good source of minerals such as calcium, manganese, phosphorus, iron and others. Hence, the global cassava starch market is expected to represent a significant growth over the forecast period. Geographically, the global tapioca starch market is segmented into seven regions namely North America, Latin America, Eastern Europe, Western Europe, Japan, and Asia Pacific excluding Japan, and the Middle East and Africa. Asia Pacific excluding Japan is expected to dominate the market in terms of demand generation and consumption. APEJ contribute significantly in the global tapioca market. India, China, Thailand, and Indonesia are prominent Asian countries that lead the regional market. North America and Western Europe has the considerable share in the overall tapioca market and is expected to have significant growth in the market. Thus the global tapioca market is expected to gain traction in the forecast period. Food manufacturers are experimenting ways for delivering different snacks including tapioca starch, to compete with corn and potato starch-based snacks that have an established presence. Consumer preference for clean-label products, along with quality & taste, in combination with this cassava extract’s ability to serve as an effective alternative to modified starches employed in processed food products, will continue to be significant growth determinants for the tapioca starch market. Tapioca starch has witnessed extensive adoption as bodying agent in a plethora of commercially available baby food products and infant nutritional supplements. Gluten-free, organic tapioca starch has witnessed high consumption from individuals affected from celiac disease. Uptake of female working population, which has driven demand for infant formulas, will further compliment expansion of the tapioca starch market in the upcoming years. Some of the prominent players in the global tapioca starch market includes Ciranda, National Starch & Chemical (Thailand) Limited, Hunan ER-KANG, Authentic Foods, Quality Starch & Chemicals (India) Pvt. Ltd., American Key Food Products (AKFP), Cargill, Ingredion, and others. The players include various value chain members contributing to the growth of the market. Tags #Cassava_Starch_Production, #Cassava_Processing, #Manufacture_of_Cassava_Starch, Production of Cassava Starch, #How_to_Start_Production_of_Cassava_Starch, Tapioca/Cassava Starch Production and Use, Cassava Starch Production Pdf, Cassava Starch Properties, Cassava Starch Uses, Cassava Processing Plant, #Starch_Production, Cassava Production and Processing, Cassava Starch Processing Factory, Cassava Industry, Tapioca Starch Production, Tapioca Starch Processing, How do I Start Business of Cassava Processing Plant? #Tapioca_Starch_Manufacturing_Process, Tapioca Starch Processing Business, Tapioca Starch Production Process, Tapioca Starch Manufacturing, Cassava Starch (Tapioca Starch) Manufacturing Plant, Cassava Starch Manufacture, Starch Manufacture, #Project_Report_on_Cassava_Starch_(Tapioca_Starch)_Manufacturing_Industry,Detailed Project Report on Cassava Starch Production, Project Report on Cassava Production, Pre-Investment Feasibility Study on Cassava Starch Production, Techno-Economic feasibility study on Cassava Starch Production, #Feasibility_report_on_Cassava_Starch_Processing_Factory, Free Project Profile on Cassava Starch Production, #Project_profile_on_Cassava_Starch_Processing_Factory, Download free project profile on Cassava Starch (Tapioca Starch), How to Start Cassava Starch Production, #Cassava_Starch_Production_Business, Cassava Starch Factory, Cassava Starch Industry
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Heat Exchanger (Fin Type) Manufacturing Industry

Heat Exchanger (Fin Type) Manufacturing Industry. Production of Finned Tube Heat Exchanger Heat Exchangers Market is projected to reach USD 22.59 billion by 2023 Heat exchanger is a device designed to efficiently transfer or "exchange" heat from one matter to another. When a fluid is used to transfer heat, the fluid could be a liquid, such as water or oil, or could be moving air. The most well-known type of heat exchanger is a car radiator. In a radiator, a solution of water and ethylene glycol, also known as antifreeze, transfers heat from the engine to the radiator and then from the radiator to the ambient air flowing through it. This process helps to keep a car's engine from overheating. A heat exchanger is a device used to transfer heat between two or more fluids. The fluids can be single or two phase and, depending on the exchanger type, may be separated or in direct contact. Devices involving energy sources such as nuclear fuel pins or fired heaters are not normally regarded as heat exchangers although many of the principals involved in their design are the same. Heat exchangers are used to transfer heat from one medium to another. These media may be a gas, liquid, or a combination of both. The media may be separated by a solid wall to prevent mixing or may be in direct contact. Heat exchangers can improve a system’s energy efficiency by transferring heat from systems where it is not needed to other systems where it can be usefully used. Heat exchangers are essentially used for efficiently transferring heat from one medium to another. These devices are widely deployed in a number of industries such as chemical, HVAC, food and beverage, etc. On the basis of configuration, heat exchangers are broadly classified into four basic types that include shell and tube type, plate and frame type, air coolers and cooling towers. Market Outlook Heat exchangers are widely used in industrial oil coolers, boiler coolers, chilled water systems, transmission and engine coolers, condensers, and evaporators in refrigeration systems. These applications incur excessive loss of energy during the transfer of heat. Many industries are adopting high-end energy-saving heat exchangers to mitigate the erosion of their revenue, which is largely due to the rise in the cost of energy. Heat exchanger manufacturing companies such as Alfa Laval and GEA Group are investing heavily in R&D to develop energy-efficient heat exchangers. This trend is expected to contribute toward the growth of the global heat exchanger market during the forecast period. The market size of heat exchangers is estimated to grow from USD 14.68 billion in 2018 to USD 22.59 billion by 2023, at a CAGR of 9.0% from 2018 to 2023. The market is driven by increasing power generation capacities and rise in technological advances in heat exchangers. The rising energy prices and stringent government regulations on the emission of CO2 are also driving the heat exchangers market. The global heat exchangers market offers various opportunities to the market players, owing to disposable incomes and rapid growth in the global economy. Increase in use of plate & frame type in heat exchangers industry to maintain low temperature in natural gas, helium, and oxygen liquefaction plants and industries are some significant aspects that augment the growth of the market. In addition, the rapid growth of process industries and discrete industries and their manufacturing operations globally also fuel the growth of heat-exchanger market. However, fluctuating prices of raw material and shift of heat exchanger manufacturers from developed to developing countries with rise in the cost of production resist the growth of the market. The global heat exchanger market has been segmented on the basis of type, application and region. Based on type, the market is further segmented into shell & tube, plate, regenerative and air cooled. Shell & tube heat exchanger segment is expected to dominate the market, mainly due to higher operating temperatures and pressure, huge potential of heat transfer, ease of fault detection, less pressure drop across the tube cooler and free from erosion. Based on application the heat exchangers market is further classified as chemicals, oil & gas, power generation, HVACR, food & beverages, and others. Heat exchangers are the basic heat transfer equipment used in chemical process industries such as polymers and plastics, petrochemicals, agrochemicals and pharmaceutical companies. Hence, chemical segment holds the largest market share in heat exchanger market. Oil & gas industry also holds second largest market share owing to increase in refineries and mining machinery coolers. Over the past few years, the global heat exchanger market has witnessed significant developments. Heat exchangers are the widely accepted equipment for various end-user applications, due to their eco-friendly and energy-efficient properties. Heat exchanger is an industrial device used for heat transferring from one fluid to other under specific operating conditions. It finds various end-use industries such as chemical, oil & gas, pharmaceutical, etc. Improving technologies, coupled with tightening regulations regarding the use of energy-efficient technologies in manufacturing companies in certain countries have helped the growth of heat exchangers market. One of the key factors contributing to this market growth is the increasing industrial activities in developing countries. The global heat exchanger market has also been witnessing the increasing adoption of energy-saving equipment. However, the increasing competition due to entry of new vendors could pose a challenge to the growth of this market. The Asia Pacific region is anticipated to hold a considerable market share for heat exchangers during the forecast period. Growing industrialization and increasing demand for heat exchangers from emerging countries, such as China and India, are likely to contribute toward the expansion of this market. Some of the key companies operating in the global heat exchangers market include Alfa Laval AB, Kelvion Holding GmbH, Danfoss A/S, SPX Corporation, Xylem Inc., API Heat Transfer, Inc., Guntner GmbH & Co. KG, Hisaka Works, Ltd., HRS Hevac Ltd., Modine Manufacturing Company, Sierra S.p.a., Sondex Holdings A/S, and SWEP International AB.
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PVC Granules from PVC Resin

PVC compounds also known as a dry blend are based on the combination of the PVC and additives that give the formulation necessary for the end-use application. The convention in recording the additive concentration is based on parts per hundred of the PVC resin (phr). The compound is generated by intimately mixing together the ingredients, which is subsequently converted into the gelled article under the influence of heat (and shear). Depending on the type of PVC and additives, the compound prior to gelation, can be a free-flowing powder/dry blend or a liquid in the form of a paste or solution. PVC compounds can be formulated for flexible materials using plasticisers, called PVC Plasicized Compounds and for rigid application without plasticizer called UPVC compound. The global plastics market size was valued at USD 522.66 billion in 2017. It is poised to expand at a CAGR of 4.0% during the forecast period. Increasing plastic consumption in the construction, automotive and electrical & electronics industries is projected to support market growth over the forecast period. Regulations to decrease gross vehicle weight to improve fuel efficiency and eventually reduce carbon emissions have promoted the use of plastics as a substitute to metals, including aluminum and steel, for manufacturing of automotive components. The growth of the construction industry in emerging markets such as Brazil, China, India, and Mexico has been instrumental in fueling the demand for plastics during 2015 and 2016. The growth of the market can be attributed to increased foreign investment in these domestic construction markets, as a result of easing FDI norms and requirements for better public and industrial infrastructure. Indian plastics industry is emerging as one of the fastest growing global markets with 12% growth rate. By 2020, plastics consumption of the country is expected to increase from the current 12 million metric tonnes per annum (MMTPA) to 20 MMTPA. The centre of gravity is rapidly shifting to India as the country offers huge opportunities for the global plastics industry. India is the world’s next plastic destination by virtue of both, its sheer size and tremendous growing domestic demand. The industry is likely to play a significant role in helping government to achieve its goal to raise exports to $900 billion by 2020. The export of plastics finished goods is expected to nearly double from $ 7.9 billion currently to $15 billion in next 5 years.
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Electronic Ballast (Choke)

Electronic Ballast is a device which controls the starting voltage and the operating currents of lighting devices built on the principle of electrical gas discharge. It refers to that part of the circuit which limits the flow of current through the lighting device and may vary from being a single resistor to a bigger, complex device. In some fluorescent lighting systems like dimmers, it is also responsible for the controlled flow of electrical energy to heat the lamp electrodes. Electronic ballast is a device that converts power frequency to very high frequency to initialize gas discharge process in Fluorescent Lamp by controlling voltage across the lamp and current through the lamp. It operates in low supply voltage. It produces high frequency to give very high output voltage initially to start up the discharge process.
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D-Phenylglycine

Phenylglycine is the organic compound with the formula C6H5CH (NH2) CO2H. It is a non-proteinogenic alpha amino acid related to alanine, but with a phenyl group in place of methyl. It is a white solid. The compound exhibits some biological activity.
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Micro Irrigation System

Micro-irrigation, also called localised irrigation, low volume irrigation, low-flow irrigation, or trickle irrigation is an irrigation method with lower pressure and flow than a traditional sprinkler system. Low volume irrigation is used in agriculture for row crops, orchards, and vineyards. It is also used in horticulture in wholesale nurseries, in landscaping for civic, commercial, and private landscapes and gardens, and in the science and practice of restoration ecology and environmental remediation. Micro irrigation refers to a family of irrigation systems that apply water through small devices. Micro-irrigation refers to low-pressure irrigation systems that sprinkle, spray or drip water. These devices supply water onto the surface of soil that is near the plant or below the soil surface directly into the plant root region. Advantages of Micro Irrigation Systems: More crop for every drop, early maturity, better quality & higher yield. Ideal for terrain with problematic soils & water. Saves labor cost. Yield increase up to 230%. Saves water up to 70%. Successfully working on more than 40 crops covering over 600 thousand acres. Micro irrigation is the application of water to the soil or crops in an artificial way such as per the requirement of crop to fulfill the water needs and cumulative water use of plant or evapotranspiration need of the plant in the form of droplets or sprinkles like rain fall. The global micro irrigation systems market is teeming with opportunities to provide a sustainable irrigation solution for agricultural crop in water scarce regions. Agrarian economies of Asia Pacific and Africa face challenges of long spell of droughts and climatic uncertainties that require reliable man-made irrigation methods to prevent huge losses of agricultural crop. Micro Irrigation Systems Market is expected to garner $8,321 million by 2022, registering a CAGR of 16.6% during the forecast period 2016 - 2022. Irrigation involves provision of water to dry land for crop cultivation. The micro-irrigation process supplies water at frequent intervals above and below the soils surface. Micro-irrigation systems are generally low- or medium-pressure systems that deliver water in the form of sprinkles, spray, mist, drip, and jet.
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BOPP Films

BOPP films (Biaxially Oriented PolyPropylene Films) are produced by stretching polypropylene film in both machine direction and transverse direction. BOPP film is used in vast range of applications comprising packaging, labeling and lamination. BOPP Films are preferred substrate for food packaging globally because of its inherent moisture barrier properties, seal ability, high clarity and graphic reproduction and shelf appeal, best possibilities of the pack being a mono layer/homogeneous structure. For food packaging, it is prominently used as co-extruded heat sealable reverse printable film. BOPP, Biaxially-Oriented Polypropylene, is a film that is made of polypropylene that has been “biaxially oriented” meaning that the film has been stretched in two different directions. The film is usually a multilayer film that relates to three-layer structures: One thick layer of polypropylene sandwiched between two thin layers of polypropylene. BOPP films have become more popular in the world market because of its unusual combination of properties: The global packaging industry is moving towards a new trend and players are replacing cellophane, waxing paper, and aluminum foils with BOPP films. This trend is expected to gain traction in the coming years owing to the fact that BOPP films are more flexible and also facilitate faster packaging with advanced sealing properties as compared to other packaging materials. This has impelled manufacturers to come up with new techniques pertaining to the production of BOPP films in order to cater to the demand of various industries. The growing demand for innovative and novel packaging options is a noteworthy trend that is envisioned to open a plethora of growth prospects for the global BOPP films for packaging market. The global packaging industry is moving towards a new trend and players are replacing cellophane, waxing paper, and aluminum foils with BOPP films. This trend is expected to gain traction in the coming years owing to the fact that BOPP films are more flexible and also facilitate faster packaging with advanced sealing properties as compared to other packaging materials. This has impelled manufacturers to come up with new techniques pertaining to the production of BOPP films in order to cater to the demand of various industries. The global BOPP films for packaging market is expected to witness a CAGR of 6.0% from 2017 to 2025. In 2017, the market was worth US$ 13,669.4 Mn and is expected to touch a valuation of US$ 21,736.5 Mn by the end of 2025.
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