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

Tripura is a state in Northeast India. The third-smallest state in the country, it covers 10,491 km2 (4,051 sq mi) and is bordered by Bangladesh (East Bengal) to the north, south, and west, and the Indian states of Assam and Mizoram to the east. Tripura is a landlocked state in North East India. The state has a tropical savanna climate, designated Aw under the Köppen climate classification. The undulating topography leads to local variations, particularly in the hill ranges. The four main seasons are winter, from December to February; pre-monsoon or summer, from March to April; monsoon, from May to September; and post-monsoon, from October to November.

Tripura's gross state domestic product for 2010–11 was 129.47 billion (US$2.1 billion) at constant price (2004–05), recording 5.71 per cent growth over the previous year. In the same period, the GDP of India was 48778.42 billion (US$790 billion), with a growth rate of 8.55 per cent. Tripura is an agrarian state with more than half of the population dependent on agriculture and allied activities. However, due to hilly terrain and forest cover, only 27 per cent of the land is available for cultivation. Rice, the major crop of the state, is cultivated in 91 per cent of the cropped area.

TOURISM

Tripura has a geographical area of about 10,492 sq. km. almost two-thirds of the state is under hilly terrain and it is surrounded on three sides by the deltaic basin of Bangladesh. The Tripura tribal’s are divided into two groups: Puran Tripuras and Natun Tripuras. The Puran Tripuras are the original inhabitants of the State and constitute a little over 16% of the total and 57% of the tribal population of the State. The Department of Tourism, Govt. of India, under the ministry of Tourism and Culture has been providing liberal financial and technical support for the tourism development in the state based on the projects received from the states. It is quite clear that Tripura has tremendous and quite unique tourism potential. This could be tapped mainly through the concept of Eco-tourism and Heritage tourism. Nature / wildlife tourism, adventure tourism, rural tourism, leisure tourism, pilgrimage tourism, international border tourism could be some special tourist packages. The Tourism Development in the Northeast region will depend on integrated approach, involving various government departments, private entrepreneurs, voluntary organizations and local community. This approach will also help in evolving local people’s perception towards tourism development as a strong tool for socio-economic up liftment.

INDUSTRIAL SECTOR

The State Government offers a package of incentives for setting up of industrial units, which is comparable to other states. Besides, the special incentive package i.e. North East Industrial and Investment Promotion Policy (NEIIP) declared by the Government of India for the North East Region is available to industrial units.

State Package of Incentives under Tripura Industrial Investment Promotion Incentive Scheme-

•                    Capital Investment Subsidy @ 30% and additional subsidy @ 2.5% for enterprises of ST, SC, & women individuals on Fixed Capital Investment.

•                    Full Reimbursement of Standard Certification Fees /Charges / other expenses on account of obtaining a standard Certification.

•                    Provides State Transport Subsidy for covering the portion for which Central Transport Subsidy is not available

•                    85% Exemption from the payment of Earnest Money and Security Deposits on tenders floated by State Govt. Department / Agencies.

Incentives declared by Central Government:

•                    Exemption of Excise Duty on finished products.

•                    Central Transport Subsidy.

•                    Income Tax Benefit.

•                    Capital Investment Subsidy.

•                    Comprehensive Insurance Scheme for insurance coverage. Subsidies to service sector, bio-technology and power generating industries.

INVESTMENT OPPORTUNITIES

Tripura offers an investor-friendly environment. The Government welcomes investments into the State, from both domestic and foreign investors.

•        Natural gas

Tripura has vast reserves of natural gas in non-associate form. The gas is of high quality, with high methane content of up to 97%. The availability of superior quality natural gas, at concessional price, offers a great opportunity to prospective investors, to set up gas-based industrial units, using natural gas

•        Information Technology (IT)

Tripura has been considered the second best IT destination in the North East. IT sector (including IT-enabled services) has been identified as one of the major potential growth sectors by the state. The high literacy rate of the State provides additional advantage for development of the sector.

•        Food Processing

The State government has identified food processing as a major thrust area. There is a vast potential for setting up of food processing units in the State. The agro-climatic conditions in Tripura are ideally suited for production of a large variety of horticultural crops.

•        Handicrafts

From time immemorial, Tripura has carved out a name for itself in the field of handicrafts. The gifted artisans produce wonderful objects of crafts from simple material like cane, bamboo and wood.

•        Tourism

Tripura is an attractive tourist destination. The state has a rich cultural heritage. There are number of historical Hindu and Buddhist sites.


INDUSTRIAL POLICY

•        To improve Basic as well Industrial Infrastructure.

•        Industrial Growth by attracting Private Investment.

•        To improve investment climate towards better regulation by removing barriers to competition.

•        Creation of hassle-free and congenial investment climate.

•        To bring significant increase in the State Domestic Product.

•        Widening of resources base of the state.

•        Development of connectivity (Internal road, railways and air & telecom).

•        Better social infrastructure Enabling Entrepreneurship -building capacities through entrepreneurial and technical skills, training and promotion of self-employment.

THRUST AREAS

•        Natural Gas

•        Food Processing

•        Rubber

•        Tea

•        Handicraft

•        Bamboo

•        Handloom

•        Tourism

•        Information Technology

•        Education

  •           Healthcare

The Department of Industries & Commerce was established to promote Village and Small-scale industries as well as medium and large scale industries in the State. While efforts are being made to promote entrepreneurship within the State, the outside investors in the public and private sectors are also encouraged both for their financial capabilities and technical expertise, for the medium and large-scale units. The major existing industrial area is the Industrial Growth Centre Complex at Bodhjungnagar which also includes Food Park, Rubber Park and Export Promotion Industrial Park. The other industrial sites near Agartala as the main business and industrial centres are Dukli, Arundhatinagar and Badharghat. The mineral resources are minor amounts of glass sands, limestone, plastic clay and hard rock and all of these materials are being used in varying degrees. Setting up of ceramic tiles unit and other mineral based industries are being encouraged in the private sector.

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Coverall (Boiler Suit)

Coverall also called boiler suits, is a one-piece garment with full-length sleeves and legs like a jumpsuit, but usually less tight-fitting. Its main feature is that it has no gap between jacket and trousers or between lapels, and no loose jacket tails. It often has a long thin pocket down the outside of the right thigh to hold long tools. Boiler Suits are special type of suits which has largely Industrial value in the world. Most of the Industries in the world run by using small medium, or heavy boilers otherwise it may have furnaces oven or driers. There is good habit to use apron for operating the above said mechanical machine. All the above said machines produce radiation heat as well as produce solid dust carbon particles and produce also toxic gasses. Coveralls (Boiler suits) includes traditional uniform typically worn across industries such as the industrial sector, healthcare, hospitality, defense and police etc. Protective coveralls includes protective garments used for their functionality such as fire retardant, bacterial resistant and bullet proof apparel. They are largely used in Mining, defense, engineering, steel, Oil & Gas, fire services etc. The domestic coverall market is currently estimated to be around USD 357 million and is projected to reach USD 1,108 million by the year 2021 growing at an impressive CAGR of 12 per cent. It is estimated that boiler suits will witness highest growth of 15 per cent and 14 per cent respectively, outpacing the domestic market growth of basic coverall. The global coverall market is anticipated to witness impressive growth and will post a staggering CAGR of close to 9% over the forecast period. A proliferating chemical industry in the APAC region is one of the significant factors driving this market’s growth.
Plant capacity: 500 Nos per dayPlant & machinery: 199 Lakh
Working capital: -T.C.I: Cost of Project :433 Lakh
Return: 27.00%Break even: 56.00%
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Paint Industry

Paint is any liquid, liquefiable, or mastic composition that, after application to a substrate in a thin layer, converts to a solid film. It is most commonly used to protect, color, or provide texture to objects. Paint can be made or purchased in many colors—and in many different types, such as watercolor, synthetic, etc. Paint is typically stored, sold, and applied as a liquid, but dries into a solid. Paint was made with the yolk of eggs and therefore, the substance would harden and adhere to the surface it was applied to. Pigment was made from plants, sand, and different soils. Most paints used either oil or water as a base (the dilutant, solvent or vehicle for the pigment). A still extant example of 17th-century house oil painting is Ham House in Surrey, England, where a primer was used along with several undercoats and an elaborate decorative overcoat; the pigment and oil mixture would have been ground into a paste with a mortar and pestle. The paints industry in India has been growing at the rate of around 12% a year. The paints market has crossed the Rs. 135bn mark. By volume, the market is estimated at 1.4mn tonne which is growing at an average annual growth of over 6 to 8% (12% by value). The unorganized sector, shrunk in the recent years, still commands a share of 46% (by volume) and 35% (by value). The paints are segmented principally into industrial and decorative paints. These are further sub-classified as dry, water-based, oil-based and plastic emulsions. The decorative segment accounts for nearly two-thirds of the paints market. This is generally the case in developing countries. Few Indian major players are as under: • Advance Paints Pvt. Ltd. • Akzo Nobel India Ltd. • Arofine Polymers Ltd. • Asian Paints Ltd. • B J N Paints India Ltd. • B P L Ltd. • Bangalore Paints Pvt. Ltd.
Plant capacity: Decorative Paint:3000 Kgs per day Acrylic Emulsion Paint:2000 Kgs per dayPlant & machinery: 117 Lakh
Working capital: -T.C.I: Cost of Project:371 Lakh
Return: 29.00%Break even: 55.00%
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Battery Sprayer

A sprayer is a device used to spray a liquid, where sprayers are commonly used for projection of water, weed killers, crop performance materials, pest maintenance chemicals, as well as manufacturing and production line ingredients. In agriculture, a sprayer is a piece of equipment that is used to apply herbicides, pesticides, and fertilizers on agricultural crops. Sprayer is a machine used to apply liquid chemicals on plants to control pest and diseases. It can also be used to apply herbicides to control weeds and to spray micro-nutrients to enhance plant growth. A significant proportion of farmers in the country have already started moving from using animate sources to mechanical equipments to power their farming activities. Mechanical equipments for various farm operations like tillage, sowing, irrigation, plant protection and threshing, etc., are generally being used by the farming community. The Agricultural Sprayers Market can be segmented on the basis of type, component, power source, and application. Based on type, the market is segmented into low pressure sprayers and high-pressure sprayer. Low pressure sprayer is further segmented into tractor mounted, high clearance sprayer, trailer-mounted sprayers and truck mounted sprayers. Fuel-based sprayer are dominating the global agriculture spray market due to its raising demand owing to its large capacity. Solar sprayer is considered to be the fastest growing segment due to increasing demand for environmentally friendly agriculture sprayer across the globe. Few Indian major players are as under: • Adarsh Plant Protect Ltd. • Honda Siel Power Products Ltd. • Lechler (India) Pvt. Ltd. • Nordson India Pvt. Ltd. • Rallis India Ltd. • Speedcrafts Ltd. • Spraytec (India) Ltd.
Plant capacity: 400 Pcs per dayPlant & machinery: 16 Lakh
Working capital: -T.C.I: Cost of Project :110 Lakh
Return: 29.00%Break even: 73.00%
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Lemon-Lime Flavoured Soft Drink (Nimbu Pani)

Soft drinks include all drinks made from water or mineral water, sugar, aromas, and essences, and usually contain carbon dioxide. Other beverage products such as flavored water, sports and energy drinks, and ice teas use a similar manufacturing process. Due to the nature of these products it is not easy for the consumer to tell the category of one product from another. Non-carbonated soft drinks are water-based flavoured drinks prepared with water and one or more of the following ingredients: fruit juice; fruit pulp; vegetable, herbal or other plant extracts; natural identical or artificial flavouring materials, permitted colourings, sweetening agents, acidulants, clouding matter and preservatives; carbon dioxide and other ingredients such as caffeine, taurine and carnitine. Carbonated Soft Drinks include sodas such as colas, pepper-types, root beer, lemon-lime, and citrus types, both diet/light and regular types. These beverages may be clear, cloudy, or may contain particulated matter (e.g. fruit pieces). The Indian soft drink market might continue its "robust growth trajectory" as annual per-capita bottle consumption is expected to reach around 84 by 2021, according to a report by PepsiCo India's bottling partner Varun Beverages NSE 1.75% Ltd (VBL). The industry would have a broad-based growth across categories, especially helped by juices and bottled water, VBL said in its 2018 annual report. Over the past two years, the soft drink industry has seen a value growth of 11% compound annual growth rate (CAGR) and a volume growth of 5% CAGR. In total, 1.25 billion people in the country drink 5.9 billion litres of soft drinks in a year.
Plant capacity: 50000 Bottles per dayPlant & machinery: 98 Lakh
Working capital: -T.C.I: Cost of Project :700 Lakh
Return: 29.00%Break even: 55.00%
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Biodegradable Plastic Products (Bags, Plates & Glasses)

The biodegradable polymers could be an alternative to the conventional plastic materials. The term biodegradable means that a substance is able to be broken down into simpler substances by the activities of living organisms, and therefore is unlikely to persist in the environment. There are many different standards used to measure biodegradability, with each country having its own. Biodegradable plastics are mainly derived from corn, wheat and potato starch. Biodegradable plastics products are thermoplastic materials which are processed with the same machines traditionally used to process conventional plastics. The development of green packaging support mainly by the following factors: on the one hand, biodegradable plastic packaging with energy saving, environmental protection and recycling advantages. On the other hand, the global market, distribution channels and other government departments and various forces are actively promoting this new technology. In the next two to three years, the market demand for biodegradable plastic will gradually become stronger. Biodegradable materials by nature rely on the role of microbial decomposition, as packaging materials can significantly reduce the amount of garbage. With good quality of products, about 41% of biodegradable packaging is used for food preservation. 90 years since the 20th century, the global production of biodegradable plastics rapid increase, of which around 60% used in the packaging industry.
Plant capacity: Biodegradable Plastic Glasses (wt. each Glass 16 gms):187500 Pcs. per day Biodegradable Plastic Plates (wt. each Plate 40 gms): 75000 Pcs. per day Biodegradable Plastic Bags (wt. each Bag 25 gms):80000 Pcs. per dayPlant & machinery: 204 Lakh
Working capital: -T.C.I: Cost of Project:1564 Lakh
Return: 32.00%Break even: 38.00%
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Hospital 30 Bedded

A hospital as a health care organization has been defined in varied terms as an institution involved in preventive, curative/ameliorative, palliative or rehabilitative services. However, the definition given by WHO is quite exhaustive and exclusive, in which it is defined as, ‘an integral part of the medical and social organization which is to provide for the population complete health care, both curative and preventive; and whose outpatient services reach out into the family in its home environment. A hospital is meant to treat patients suffering from various ailments. Doctors with their dedicated spirit serve the nation at large by providing medication and treatment for eradication of diseases, which exchange health and add suffering to humanity. Normally a teaching facilities or college is associated with a hospital. Indian healthcare delivery system is categorised into two major components - public and private. The Government, i.e. public healthcare system comprises limited secondary and tertiary care institutions in key cities and focuses on providing basic healthcare facilities in the form of Primary Healthcare Centres (PHCs) in rural areas. The private sector provides majority of secondary, tertiary and quaternary care institutions with a major concentration in metros, tier I and tier II cities. The Indian healthcare industry size was USD 100 b in 2015 while the healthcare sector is expected to expand from USD 160 b in 2017 to USD 280 b by 2020, India lags behind on healthcare outcomes when compared to similar nations. Few Indian major players are as under: • Adani Hospitals Mundra Pvt. Ltd. • Ahalia Healthcare Ltd. • Alchemist Hospitals Ltd. • Alps Hospital Ltd. • Apollo Rajshree Hospitals Pvt. Ltd. • Asia Healthcare Devp. Ltd. • Assam Hospitals Ltd.
Plant capacity: Special Ward Patients:2 Patients per day General Ward Patients:16 Patients per day Double Bedded Patients:4 Patients per day HDU/ICU Patients:10 Patients per day OPD Patients:60 Patients per day X-Rays:10 Patients per day EEGPlant & machinery: 347 Lakh
Working capital: -T.C.I: Cost of Project:468 Lakh
Return: 23.00%Break even: 60.00%
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Condoms

A condom is a thin, fitted tube. Condoms prevent pregnancies and STDs. They create a barrier that keeps semen and other body fluids out of the vagina, rectum, or mouth. It is also called a rubber or the barrier method. Rubber condoms (male) are used by the majority of man today for enjoying the sexual inter course. The function of the condoms is to collect the sperm created by the man during sexual intercourse. This condom prevents the sperm in penetrating into the female reproductory organ, the various methods of contraception used in the world are estimated as. Rubber tends to deteriorate with age. This happens particularly in the case of thin walled articles condoms are packaged in such a way so as to protect them normally during storage. The market for subsidised condoms (a major of the total market) expanded by a marginally higher rate. The growth in north and west India was more than the rest of the country. It is understood that in terms of sales of a specific brand, Moods by Hindustan Lever (now Hindustan Unilever) was the highest, which increased by over 31%. Natural skin condoms: made from lamb intestine, rarely used nowadays. It provides better sensation, but does not protect from infection. Most viruses can cross the natural membrane. Persistent rise in prices of natural rubber is to some extent affecting the growth of the condom market in India. The industry needs to readjust its product structure, improve quality and lower the cost. Few Indian major players are as under: • Aabha Contraceptives Pvt. Ltd. • Bliss G V S Pharma Ltd. • Cupid Ltd. • H L L Lifecare Ltd. • Indus Medicare Ltd. • J K Ansell Pvt. Ltd. • J K Pharmachem Ltd.
Plant capacity: 500 Boxes per dayPlant & machinery: 965 Lakh
Working capital: -T.C.I: Cost of Project :1963 Lakh
Return: 28.00%Break even: 50.00%
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Controlled Atmosphere Cold Storage

Controlled atmosphere storage is a system for holding produce in an atmosphere that differs substantially from normal air in respect to CO2 and O2 levels. Controlled atmosphere storage refers to the constant monitoring and adjustment of the CO2 and O2 levels within gas tight stores or containers. Controlled atmosphere (CA) storage involves maintaining an atmospheric composition that is different from air composition (about 78% N2, 21% O2, and 0.03% CO2); generally, O2 below 8% and CO2 above 1% are used. Control Atmosphere cold storage mainly used for long-term storage of perishable fruits. In this type of cold storage, apart from temperature concentration of oxygen, carbon dioxide, ethylene and nitrogen is maintain as per the requirement of the storage material. The estimated annual production of fruits and vegetables in the country is about 130 million tonnes accounting to 18 per cent of our agricultural output. Moreover, the lack of cold storage and cold chain facilities are becoming major bottlenecks in tapping the vast potential. Govt. of India promoting cold storage warehouse investments by providing subsidies up to 50% to 75% on Investment. The nationalized banks of India are also proving loans for cold storage projects. In the recent time cabinet also approved the amount of 6000 crore rupees for mega food processing projects. The country requires 3.5 crore tonne capacity cold storage facilities and this is a right time for starting a business in cold storage.
Plant capacity: CA Cold Store for Seasonal Fruits Like Apple:10,000 MT per annumPlant & machinery: 690 Lakh
Working capital: -T.C.I: Cost of Project :1195 Lakh
Return: 29.00%Break even: 53.00%
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Biodegradable Plates & Bowls From Areca Tree Leaf

Areca Leaf Plates are made from areca leaf, which are eco friendly and sanitized, Manufacturing in high Quality in various standard designs in products range and can be exclusive designs based on the customer reference of shapes and sizes. The areca palm tree leaves are fresh in nature, thick, which is non-toxic, free from any chemicals and pest. The leaves are Eco-friendly in nature, lightweight, disposable and durable in nature. The global biodegradable plastics market size was estimated at USD 2.56 billion in 2017. It is expected to expand at a CAGR of 12.8% during the forecast period. Governments prohibiting the use of single-use plastic coupled with rising awareness among public regarding ill-effects of plastic waste are among the key trends stimulating market growth. Paper cups and paper plates are made from paper-based materials and are often coated or lined with plastic or wax to prevent the fluid from soaking through the paper. They have been in use for decades in the consumption of food and beverages like tea, coffee, soft drinks, instant noodles, sweet corn, etc. Currently, there is a wide variety of different paper cups and plates available in the market which varies in size, form and texture.
Plant capacity: Bio-Degradable Areca Leaf Round Plates (Size 10"/12")3,200.0 Pcs./Day Bio-Degradable Areca Leaf Round & Squre Plates (Size 6") 3,200.0 Pcs./Day Bio-Degradable Areca Leaf Round Bowls (Size 4.5")3,200.0 Pcs./DayPlant & machinery: 35 Lakh
Working capital: -T.C.I: Cost of Project:79 Lakh
Return: 13.00%Break even: 76.00%
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Bioplastic Products Manufacturing Industry, Profitable Business Ideas on Biodegradable Products

Bioplastic Products Manufacturing Industry, Profitable Business Ideas on Biodegradable Products. Manufacture of Eco-Friendly Products for Your Daily Life The non-biodegradable plastic products, which are commonly used in households, cannot be recycled for 400 years. Products like plastic carry bags, if disposed unscientifically, are hard to decompose and are a massive threat to soil cultivation Biodegradable substances include food scraps, cotton, wool, wood, human and animal waste, manufactured products based on natural materials (such as paper, and vegetable-oil based soaps). See also degradable and photodegradable. Biodegradable waste includes any organic matter in waste which can be broken down into carbon dioxide, water, methane or simple organic molecules by micro-organisms and other living things by composting, aerobic digestion, anaerobic digestion or similar processes. In waste management, it also includes some inorganic materials which can be decomposed by bacteria. Such materials include gypsum and its products such as plasterboard and other simple organic sulfates which can decompose to yield hydrogen sulphide in anaerobic land-fill conditions. Biodegradable waste can be found in municipal solid waste (sometimes called biodegradable municipal waste, or (BMW) as green waste, food waste, paper waste and biodegradable plastics. Other biodegradable wastes include human waste, manure, sewage, sewage sludge and slaughterhouse waste. In the absence of oxygen, much of this waste will decay to methane by anaerobic digestion. Biodegradable substances are those that degrades or break down naturally. Materials like plants, animals, their waste, paper, fruits, flowers, vegetables fall under biodegradable substances, on the other hand, rubber, plastic, chemicals, paint plastic falls under the category of the non-biodegradable items. Bio-Degradable Plates from Areca Nuts Tree Leaf, Barks and Bamboo Areca nuts tree leaf plate is made of completely organic material, which is a fallen leaf collected from areca palm trees. Palm Leaf plates are made by Mother Nature from the naturally fallen Areca Palm tree leaves found in India. The leaf or Sheath is collected for the tableware. Areca Leaf plates are commonly known as Areca Plate, Areca Palm Leaf Plates, Palm Leaf Plates, Bio Plate, Natural plates, Disposable Plates, Eco friendly Bio-Degradable Dinner Plates, Kitchenware, Dinnerware. Currently no other alternative product in the world can match the unique properties of areca palm leaf plates present in nature. Areca leaf plates are made from the naturally shed leaf sheaths of Areca Nut Tree. The areca leaves are simply collected, pressure washed, scrubbed, sun dried and then with the application of heat and pressure formed into appropriate shaped plates. Plates once used can be used as a good fertilizer which enhances plants growth, a good source of organic manure. The countries that import areca leaf plates from India are shown in the pie chart below given. Areca Leaf Plate exporters in India supply these plates which are in supreme demand owing to their low cost and solid construction on top of it environmental friendly nature. The products are made from high quality leak proof and defect free palm sheath. The global market for foodservice disposables is anticipated to see a steady growth between 2017 and 2021. By the end of 2021, the global foodservice disposables market is estimated to bring in US$ 27,187 Million revenue. Increasing number of restaurants are using disposable plates, cups, trays, bowls, etc. to serve various food items. Majority of the restaurants have started providing catering services, hence the use of foodservice disposables have also increased. Manufacturers are also providing customized foodservice disposables as per the requirement of restaurants. Moreover, increasing number of customers have started using catering services provided by restaurants, especially during celebrations. Meanwhile, in the recent years, retail stores and hospitality industry have also started using foodservice disposables to provide various food products. A rise in the number of restaurants in developing countries and popularity of takeaway meals is fueling the growth of foodservice disposables in Asia Pacific region. Moreover, continuous urbanization, sedentary lifestyles and on-the-go food culture are expected to further propel the growth of the market in the short and medium terms. Easy availability of raw materials used in the manufacturing of biodegradable food service disposables is another factor which will provide the manufacturers with ease of production, thereby increasing the availability of these products in the market. Biodegradable Diapers and Sanitary Napkins Production Sanitary napkins are completely biodegradable and compostable. They are made from a plant-based material such as banana fibre which is extracted from the stems of banana trees. The pads degrade within 6 months of disposal. Women in rural areas use re-usable cloth as sanitary pads and while that is eco-friendly, it is not so hygienic. While plastic-based menstrual hygiene products are available in abundance, it is advisable to switch to a natural, safer product that does not have any harmful chemicals or synthetics fibers. Menstrual hygiene is a subject matter of deep concern in India where women, especially in rural areas face challenges in acquiring hygienic absorbents and develop health risks. Over the years, there has been a significant rise in the awareness levels regarding the benefits offered by biodegradable sanitary napkins. They are environmentally sustainable which can easily be disposed of in natural soil. Moreover, it reduces the chances of infection and skin irritation and they are cost effective as well. On the other hand, non-compostable napkins use chemicals like dioxins, furans, chlorines and fragrances which causes health issues and cannot be recycled and takes hundreds of years to degrade. Consumers are seeking for environmentally friendly diapering options such as diapers, developing innovative technologies such as nanotechnologies that can minimize the environmental impact of disposable baby diapers, and increasing birth rate in developing countries are the factors influencing the growth of the biodegradable baby diapers market in the near future. The global biodegradable diapers market is expected to grow at a CAGR of 10.3% during 2019-2024. Rising environment concerns represents a key factor driving the demand of diapers. Unlike biodegradable diapers, traditional diapers do not degrade well in a landfill. Moreover, they can take around hundreds of years to decompose. The huge amount of untreated waste added to the landfills every year through plastic diapers can also pollute the ground water. Additionally, disposable diapers also consist of several chemicals that can have a negative impact on health. These include dioxins, sodium polyacrylate, tributyl-tin, volatile organic compounds, dyes, fragrances, etc. Biodegradable Disposable Plastic Cutlery Biodegradable plastics are plastics that can be decomposed by the action of living organisms, usually microbes, into water, carbon dioxide, and biomass. Biodegradable plastics are commonly produced with renewable raw materials, micro-organisms, petrochemicals, or combinations of all three. Plastic cutlery is made from a type of plastic known as polystyrene1. Polystyrene or expanded polystyrene is more commonly referred to as Styrofoam. India is slowly becoming a country where people are turning health conscious. Thankfully, biodegradable cutlery has emerged as a better alternative to plastics across the globe and Indians have been early adopters of biodegradable products. The biodegradable plastic packaging market was valued at USD 3.97 billion in 2018, and is expected to reach a market value of USD 10.3 billion by 2024, registering a CAGR of 17.04% during the forecast period of 2019 - 2024. Increasing awareness regarding harmful effects associated with non-biodegradable plastic wastes is a key factor likely to drive the market. The increasing environmental concerns regarding plastic usage (as plastics contain toxic pollutants that harm plants, animals, and people) are driving the use of biodegradable plastic alternatives. Floating plastic waste that survives thousands of years in water can serve as a transportation device for invasive species that disrupt habitats. This aforementioned factor is contributing to the growth of the market. Biodegradable Plastic Pellets Biodegradable plastics are made from all-natural plant materials. These can include corn oil, orange peels, starch, and plants. Traditional plastic is made with chemical fillers that can be harmful to the environment when released when the plastic is melted down. The biodegradable plastics market is expected to reach USD 6.12 billion by 2023, at a CAGR of 15.1% Increasing consumer preference for the environmentally sustainable plastic products and growing regulations and prohibitions against the use of plastic bags and other plastic items are propelling the global biodegradable plastics market. Even though the factors such as growing consumer preference toward eco-friendly plastic products as well as increasing government emphasis on the use of biodegradable plastics are driving the global biodegradable plastics market, the higher cost of biodegradable plastics and shortcomings of biodegradable plastics are anticipated to dampen the market growth. The growing use of biodegradable plastics in the food and beverages industry, as well as rapid growth of packaging industry, is expected to develop new market expansion opportunities for the global biodegradable plastics market in the forthcoming years. Biodegradable plastic is plastic that decomposes naturally in the environment by the action of microorganisms in the environment that metabolize and break down the structure of biodegradable plastic. Which is relatively less harmful to the environment than the traditional plastics. Non-decomposable plastics are a global environmental problem. Governments around the world are dealing with this problem by banning single-use plastics and promoting biodegradable plastics. Moreover, consumers are willing to pay more for biodegradable plastics owing to their eco-friendly nature. Moreover increasing use of biodegradable plastics in packaging and agriculture sectors is drive the global biodegradable plastics market. Polyester Fiber from Corn/Starch PLA (Polylactic acid) comes from fermented plant starch (mostly from corn), and is often referred to as corn starch plastic. It is becoming popular very quickly, because corn-based plastic is a more environmentally-friendly alternative to traditional plastics, which are petroleum-based. Polyester fibers are manufactured from recycled or virgin PET. These fibers can be colored by the method of pigmentation or dope dyeing. Polyester fibers can be classified as staple fibers and bulk continuous fibers (BCF) depending on their length. These fibers can also be manufactured in various geometries such as square, rectangular, triangular, hexagonal and circular depending upon the area of application. Polyester is the most used and most preferred fibre in the textiles industry due to its better physical properties, lower price, versatility, and recyclability, which offer a completely unique set of benefits unmatched by any other natural or synthetic fibers. Polyester fibers are extremely strong, resistant to most chemicals and shrinking, stretching, abrasion, wrinkle and mildew resistant. Polyester fibers are hydrophobic in nature and dry quickly. Therefore, they can be used to provide insulation in the form of hollow fibers. Polyester fibers withstand wear and tear longer than cotton and retain their shapes in extreme climatic conditions and are thus preferred for manufacturing outdoor clothing. The soluble corn fibre market can be segmented on the basis of its application as food & beverages, nutraceuticals and clinical nutrition, animal nutrition and others. It can also be classified on the basis of end-user usage pattern of soluble corn fibre into breakfast, lunch, dinner and on-the-go eating. One of the major advantages of soluble corn fibre is, it can be used as low-calorie fillings in a range of food items, specially baked goods and confectionery. In addition, there is a growing demand for soluble corn fibers in frozen entrees such as pasta and tortillas in packaged food industry. Regionally, the market can be divided into Asia-Pacific, North America (the U.S., Canada and Mexico), Western Europe, Eastern Europe, Middle East and North Africa, and Rest of the World (Latin America and South Africa). With the rise in disposable income and a shift towards leading a healthy life, the industry has felt an augmented demand for soluble corn fibers. In addition, advancement in food technologies to produce label-friendly products happens to be a major supply side driver of this market. One of the restraints of the market could be the process stability of corn-soluble ingredients as these products are highly application specific. Production of Bio-Plastic Film Using Biodegradable Resin, PLA (Polylactic Acid) PLA Polylactic Acid, is a biodegradable thermoplastic and aliphatic polyester, derived from renewable and organic resources such as corn starch and sugarcane. Our manufacturing facilities can provide simple cut-to-size or complex CNC manufacturing, and crating for multiwall and twin wall sheet. Polylactic acid or polylactide (PLA) is a thermoplastic aliphatic polyester derived from renewable resources. PLA had the second highest consumption volume of any bioplastic of the world, Although Bio plastic is a biodegradable material that come from renewable sources and can be used to reduce the problem of plastic waste that is suffocating the planet and polluting the environment. These are 100% degradable, equally resistant and versatile, already used in agriculture, textile industry, medicine and, over all, in the container and packaging market, and biopolymers are already becoming popular in cities throughout Europe and the United States. With increasing concerns over the use of plastics, sustainable alternatives to plastics are increasingly in demand. Biopolymers in general and bio plastics in particular, present one such sustainable alternative. The global biodegradable plastics market is expected to reach 16.8 billion by 2022 with CAGR 8.4% between 2016-2022. Rising consumer awareness about global warming and government legislation such as banned on plastic bags will increase the demand for biodegradable plastics across the globe. Plastics that decompose to carbon dioxide and water under the actions of microorganisms is known as biodegradable plastics. Biodegradable plastics are produced by fermentation of sugar or canola oil to produce polylactic acid (PLA) or polyhydroxyalkanoates (PHA) which in turn converted into biodegradable plastics. A sustainable alternative to traditional plastics, bio plastics are plastics that are fully or partially bio based, and biodegradable or compostable. In other words, they are plastics that are made from renewable resources such as corn, tapioca, potatoes, sugar and algae and breaks down faster than traditional plastics, which are typically made from petroleum, and other fossil resources such as natural gas. Bio plastics have numerous applications like packaging, bottles, utensils, furniture etc. Bioplastic Carry Bags and Garbage Bags The process of extrusion then transformed these plastic beads into plastic bags. Trash bags are made from low-density polyethylene (LDPE), which is purported to be flexible, soft, airtight and waterproof. At times, to provide strength to the bags, high-density polyethylene (HDPE) is also used. The biodegradable plastic packaging market was valued at USD 3.97 billion in 2018, and is expected to reach a market value of USD 10.3 billion by 2024, registering a CAGR of 17.04%. The stringent regulations by various governments and federal agencies with an objective to reduce plastic waste and promote biodegradable plastics usage in packaging are boosting the demand of this market. The regulations related to green packaging is increasing. Various companies are required to adopt biodegradable packaging to comply with the standards, which in turn, is propelling the growth of this market. High costs (compared to normal plastic) are restraining the growth of the market, as biodegradable plastic is made from plants' starch and its decomposition needs specific conditions, like temperature, bacteria, humidity, etc. The increasing environmental concerns regarding plastic usage (as plastics contain toxic pollutants that harm plants, animals, and people) are driving the use of biodegradable plastic alternatives. Floating plastic waste that survives thousands of years in water can serve as a transportation device for invasive species that disrupt habitats. This aforementioned factor is contributing to the growth of the market. Eco-friendly initiatives by corporates and abundant availability of raw materials for manufacturing bio plastics are prominent factors driving growth in Asia Pacific bio plastics market. Europe and North America are expected to dominate the overall market of biodegradable packaging. North America is expected to be the largest consumer of the biodegradable packaging market. The developed regions are expected to dominate the overall biodegradable packaging market owing to the presence of mature markets that consist of highly environmental conscious consumers. In addition, the presence of high-spending population is also expected to increase the overall demand for biodegradable packaging in the developed regions. The presence of large populations in Asia Pacific is expected to boost the biodegradable packaging market. Tags #Biodegradable_Plates_Production, #Disposable_Leaf_Plates, #Areca_Leaf_Plate_Presentations, #Arecanut_Leaf_Plate_Manufacturing, #Biodegradable_Plates_Production_from_Areca_Nuts_Tree_Leaf, #Areca_leaf_plates_project_report, #Biodegradable_Diapers_and_Sanitary_Napkins_Production, #Project_Report_on_Sanitary_Napkin_Amp_Baby_Diaper, #Project_Report_on_Sanitary_Napkins, #Sanitary_Napkin_Manufacturing_Project, #Biodegradable_Diapers_and_Sanitary_Napkins_Production, #Indian_Sanitary_Napkin_Market, #Eco_friendly_Sanitary_Napkins_in_India, #Project_Report_on_Biodegradable_Cups_Plates_Plant, #How_to_start_a_biodegradable_plastic_manufacturing_company? New Process for Biodegradable Plastics Production, Plastic Industries Project Reports, Book on Production Biodegradable Plastics, Plastic Industries Project Reports, Biodegradable Plastic Pellets Manufacturing Industry, Project Reports & Profiles, Production Of Polyester Fiber From Corn/starch, Polylactic Acid Production, Production of Polyester Fiber from Corn/Starch, Book on Modern Biodegradable Plastics Polymers Bio Starch, Surfaces and Interfaces in Natural Fibre Reinforced, Production Of Bioplastic Film, Book on Production Biodegradable Plastics Bio plastics, Production of Bioplastic Film using Biodegradable, Bio plastics and biodegradable plastics, Polylactic Acid Manufacturing Plant, Book on Production Biodegradable Plastics, Production of Polylactic Acid Feasibility Report, (PDF) Poly(lactic acid) - Mass Production, Bioplastic Carry Bags And Garbage Bags Production, Biodegradable Plastic Bag Manufacturing Unit, Bioplastic Carry Bags and Garbage Bags Production, Pioneering Bioplastic Companies in India, Biodegradable Plastic Bag?, biodegradable plastic bags business plan, Project Report On Biodegradable Carry Bags, Paper Versus Plastic Bags, How to Start Bioplastic Carry Bags and Garbage Bags Processing Industry in India, (Polylactic Acid) Processing Industry in India, Most Profitable (Polylactic Acid)Processing Business Ideas, Production of Bio-plastic Film using Biodegradable Resin, PLA Processing & Polyester Fiber from Corn/Starch Based Profitable Projects, Biodegradable Disposable Plastic Cutlery Processing Projects, Small Scale Biodegradable Plastic Pellets Processing Projects, Starting a Biodegradable Diapers and Sanitary Napkins Production Processing Business, How to Start a Biodegradable Diapers and Sanitary Napkins Production Business, Bio-Degradable Plates from Areca Nuts Tree Leaf, Barks and Bamboo Based Small Scale Industries Projects, new small scale ideas in Bio-Degradable Plates from Areca Nuts Tree Leaf, Barks and Bamboo processing industry,
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Return: 1.00%Break even: N/A
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