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Whenever someone thinks of a manufacturing business, they think that manufacturing requires a lot of money, very expensive machines, workers, and a very large space. But friends, this is not the case, now many machine manufacturers are producing small new machines, which are cheap and can be used in a very small space. In today’s changing times, the rise of new technologies and consumer demands have opened up new opportunities in the manufacturing sector. Taking advantage of these opportunities can not only boost economic growth but also create employment opportunities. In such a situation, if you are thinking of starting a manufacturing business, then in this article, we will discuss the top 10 new manufacturing business ideas. This list will serve as a guide for entrepreneurs and people looking for business ideas.
Table of Contents
The demand for coolants is skyrocketing with the growing automotive and industrial sectors. India’s coolant market alone is expected to grow by 6% annually, reaching INR 6,000 crores by 2025. So, starting a coolant manufacturing is a profitable and new manufacturing business ideas. You’ll need an investment of approximately ₹10 to 15 lakhs for raw materials, machinery, and packaging equipment. Focus on eco-friendly and efficient coolant formulas to stand out in the market. Partnering with local auto shops and industrial units can help grow your business quickly.
E-waste is a gold mine, yes! The global e-waste recycling market is projected to reach $63 billion by 2025. This growing business involves recovering metals like gold and silver from electronic waste. With the increasing amount of e-waste, the business opportunities for this industry are immense and this sector needs no forethought. So, the initial investment you will need for equipment, licenses and some initial setup will be around ₹20 to 30 lakhs. This will not only help you make a profit but will also benefit the sustainable development of the environment.
BOPP self-adhesive tapes are widely used in packaging, logistics and retail. Moreover, the global BOPP tape market is expected to grow at a CAGR of 5%, driven by e-commerce and logistics. This shows that the self-adhesive tape manufacturing business is sustainable, new manufacturing business ideas and the machinery and raw materials required to start this manufacturing unit will be around ₹ 15 to 20 lakhs. The emphasis should be on manufacturing quality tapes for wholesale sales of business entities through customization. It is advisable to mainly target the packaging sector to have a stable number of customers.
Thinners are widely used in the paint, printing and automotive industries, making them a highly demanded product. The thinner market in India is expected to grow steadily and reach INR 2,000 crore by 2025. Starting a thinner manufacturing unit requires an investment of ₹12 to 18 lakhs for raw materials, mixing equipment and packaging. After that, you ensure compliance with safety and environmental regulations to build trust with your customers. With a strong distribution network, this business can provide stable profits.
Banana powder is a nutritious product used in baby foods, bakery products, especially cakes, and health supplements. Furthermore, the global banana powder market is expected to grow at 6.5% CAGR, reaching $1 billion by 2025, and India, being a leading producer of bananas, offers abundant raw materials for this business. So, you can start from home with an initial investment of ₹ 8 to 12 lakhs for machinery, baking materials, and advertising. In the initial days, focus on making organic and preservative-free banana powder that is organically grown for health-conscious consumers, and then sell your product through retailers and export companies.
Adhesives and sealants are indispensable in industries like construction, packaging, and automotive, and globally, this market is projected to hit $80 billion by 2025. With an investment of ₹20 to 25 lakhs, you can start manufacturing these products. Invest in quality testing and innovation to create strong and durable formulas. Partnering with construction companies and hardware suppliers can ensure steady sales. Highlight eco-friendly and non-toxic products to attract a broader audience.
PVC cables are used in electrical wiring, making them a high-demand product in residential, commercial, and industrial projects. The Indian cable market is projected to grow at 8% annually, driven by urbanization and electrification. Starting a PVC cable manufacturing business requires an investment of ₹25 to 30 lakhs for extrusion machines, raw materials, and testing equipment. Focus on quality and durability to meet industry standards. Building partnerships with real estate developers and electrical suppliers will boost your sales.
As sustainability becomes a global priority, bioplastics are gaining traction as an alternative to traditional plastics. Yes, the global bioplastics market is expected to grow at 20% CAGR, reaching $43 billion by 2025. This is an eco-business that involves producing biodegradable plastics out of renewable resources such as cornstarch or sugarcane. You can begin a bioplastic manufacturing company from ₹25 to 30 lakhs for biopolymer processing equipment and materials. Much as consumers as well as governments are shifting their preference to green products this makes it a very profitable business.
The healthcare industry is booming, and surgical bandages are always in demand. India’s medical consumables market is projected to grow by 8% annually, driven by rising healthcare demands. Starting a bandage manufacturing unit requires an investment of ₹10 to 15 lakhs for machines, raw materials, and packaging. After, by maintaining high-quality standards, you can supply hospitals, clinics, and pharmacies. With India’s focus on healthcare infrastructure, this business promises steady growth, and Exporting to international markets can further boost profits.
Linen fabric is gaining popularity due to its durability, comfort, and eco-friendliness. And the global linen market is expected to grow at a steady pace, driven by the demand for sustainable textiles. Starting a linen manufacturing unit requires ₹20 to 25 lakhs for weaving machines, raw flax fiber, and dyeing facilities. Target high-end fashion designers, home decor industries and export markets for maximum profitability. With proper branding, you can position yourself as a sustainable fabric manufacturer.
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