Top Small scale Manufacturing Business Ideas with Investment of 50- 60 Lakhs (Plant and Machinery). Profitable MSME Projects
In such a robust scenario, it is a great idea to invest in a good business with a strong and short Payback Period. Multiple businesses also help in building a strong diversified portfolio which can stand the test of time. Multiple sources of income will lead to greater financial stability and will further build investor confidence in the economy which will, in turn, help the entrepreneurs. So it becomes a virtuous cycle. With job uncertainty increasing by the day, there has been a flurry of start-ups in the recent years. While no start-up is ever guaranteed to succeed, innovative ideas have come to light in the process.
Entrepreneurship Essentials helps you turn an idea into a viable venture. Learn how entrepreneurs validate concepts through structured experiments, refine their business strategy, and raise the capital necessary to create value and grow their business.
Here are list of best startup ideas that can be started:
Cenosphere
A cenosphere is a lightweight, inert, hollow sphere made largely of silica and alumina and filled with air or inert gas, typically produced as a byproduct of coal combustion at thermal power plants. Global Cenospheres Market is projected to reach USD 699.55 Million by 2023, at a CAGR of over 12% from 2018 to 2023 owing to increasing demand from the oil & gas, construction, and various end-use industries globally. Based on type, the market has been categorized into grey and white Cenospheres. In 2017, the grey Cenospheres segment dominated the market and is projected to dominate the market over the next five years as well owing to growing demand from North America and Europe & CIS region and rising oil & gas industries in countries such as, China, Japan, and India etc. Based on end-use industry, the market has been segmented into Oil & Gas, Refractory, Construction, Paints & Coatings and Automotive. In 2017, oil & gas end-use industry led the global Cenospheres market owing to rising production activities across the globe.
PVC Pipes
Pipes are essential components in any water supply and distribution network. Water supply is the process of supply of water from public water supply system to the end users. The water from the source of public water supply system to individual buildings is supplied through pipes.
The global PVC pipes market reached a volume of 22.8 Million Tons in 2018, growing at a CAGR of 5.4% during 2011-2018. The market is further to reach a volume of 30.5 Million Tons by 2024, expanding at a CAGR of 4.9% during 2019-2024. PVC pipes are composed by the extrusion of a blend of polyvinyl chloride (PVC) and several additives.
Magnesium Sulphate
The Global Magnesium Sulfate Market is projected to register a healthy CAGR of 5.50% to reach USD 1,334.6 Million by the end of 2024. The global magnesium sulfate market has been studied across five regions, namely North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific dominated the global market with a share of over 40% in 2018 and the highest CAGR of over 6.5% during the forecast period.
Spices (Turmeric, Red Chili, Dhaniya and Jeera Powder)
Turmeric. Global Curcumin Market size was valued at over USD 40 million in 2016 and is anticipated to witness over 11% CAGR up to 2024. Expected to grow at over 12% CAGR up to 2024. Use of cosmetic products on a daily basis to protect the skin from the harsh environment and harmful radiations from the sun is driving the demand for cosmetic products. The product contains antioxidants the counter the rapidly ageing process developed due to intense pollution and stress levels. Increasing use of curcumin extracts in cosmetics application will propel the demand for the product in the forecasted time period.
Red chili the global production of dry chilies was 5.1 million metric ton in 2018 and is expected to register a CAGR of 5.4% during the forecast period, 2019-2024.India was the biggest dry chilies producer with dry chilies production of 2.1 million metric ton in 2017. India is the world’s leading producer of dry challis accounting for more than 35% in 2017 of the global dry chilies market followed by Thailand, Ethiopia, China, and Pakistan.
Layer Poultry Farming
The Indian poultry market, consisting of broilers and eggs was worth INR 1,750 Billion in 2018. The market is further projected to reach INR 4,340 Billion by 2024, growing at a CAGR of 16.2% during 2019-2024. India today is the one of the world’s largest producer of eggs and broiler meat. The poultry industry in India has undergone a major shift in structure and operation during the last two decades transforming from a mere backyard activity into a major industry with the presence of a large number of integrated players. This transformation has involved a sizeable investment in breeding, hatching, rearing and processing activities.
Floral Foam (Phenolic Foam) with Resin Manufacturing
There could be a massive Rs. 10,000 crore business opportunity. It is worthwhile noting that despite India's share in the $ 11 billion global market for flowers and flower products having touched just about 0.65 per cent, the growth potential is large. The foam market size was USD 17.58 Billion in 2016 and is projected to reach USD 22.39 Billion by 2021, at a CAGR of 4.95% from 2016 to 2021. As a whole you can invest in this project without risk and earn profit.
Wall Paper Starch
The primary factor driving the Indian wallpaper market is the rise in disposable incomes and modernisation of suburban areas in the country. This has resulted in increased consumer preference for decorative wallpapers over paints. Moreover, strong growth in the real estate sector of the country has led to a rise in the demand of wallpapers for both commercial and residential applications. Additionally, printed wallpapers are not only limited to walls of the buildings but can also be used for application on furniture with different textures and can also be used to cover the flaws in the walls as well. Wallpapers are also available in vinyl and lead-free versions, attracting health-conscious consumers, thereby further catalysing the growth of the Indian wallpaper market. Looking forward, the Indian wallpaper market is projected to grow at a CAGR of around 22% during 2019-2024.
Electric Motors
An electric motor is an electrical machine that converts electrical energy into mechanical energy. Most electric motors operate through the interaction between the motor's magnetic field and electric current in a wire winding to generate force in the form of rotation of a shaft
The global electric motor sales market size is expected to reach USD 214.5 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.9% during the forecast period. Rapid technological advancements have been playing an imperative role in the growth of the market.
Macaroni, Vermicelli, Noodles and Instant Noodles with Tastemaker
Vermicelli
The global instant noodles market reached a value of US$ 42.2 Billion in 2018, registering a CAGR of 6.2% during 2011-2018. The market value is further projected to reach around US$ 57.5 Billion by 2024, growing at a CAGR of 5.2% during 2019-2024. Instant noodles are made up of fine wheat flour along with a mixture of alkaline salts. Various additional ingredients are also added to the dough in smaller quantities such as starch, edible oil, gluten and stabilizers like guar gum. Instant noodles are precooked dried noodles which are dehydrated using one of the two processes, namely flash or air frying. They are generally accompanied with a small sachet comprising of the tastemaker. Instant noodles have gained popularity worldwide as they are portable, quick to make and easy to store.
Macaroni is dry pasta shaped like narrow tubes. Made with durum wheat, the market reached a value of more than US$ 13 Billion in 2018, growing at a CAGR of 4.8% during 2011-2018. The market is further expected to reach a value of nearly US$ 16 Billion by 2024.
Readymade Garments (E.O.U.)
The domestic apparel industry is dominated by ready-to-wear category with its market size of around $56 billion, with an 84 per cent share which is further growing at a CAGR of 10-11 per cent. The ready-to-stitch market is also gaining momentum as more and more men who have been buying premium or luxury readymade clothing brands want to wear a shirt or a trouser that fits them perfectly. The ready-to-stitch market, currently at $11 billion, is expected to grow at a CAGR of 7 per cent and reach about $20 billion by 2025.
HDPE Pipes
HDPE pipe is a type of flexible plastic pipe used for fluid and gas transfer and is often used to replace ageing concrete or steel mains pipelines. Made from the thermoplastic HDPE (high-density polyethylene),
HDPE Pipes Market 2018: Market Size, Market Volume, Trends, Opportunity, Forecast 2018-2024, the global HDPE pipes market accounted for USD 14,939.9 Million in 2018 and is estimated to reach USD 22,976.8 Million by 2024. Moreover, it is anticipated to flourish at a CAGR of 7.5% during the forecast period i.e. 2019-2024.
Drumstick Powder
The drumstick is one of the most useful nutritious tropical vegetable trees in the world. The tree is grown for its tender pods, leaves, and flowers that are nutrient rich. Drumstick leaves contain 90 various nutrients, 27 vitamins, and 18 essential amino acids Moringa oleifera is a fast-growing,
The global Drumstick Powder products market size was valued at USD 5.5 billion in 2018 and is anticipated to expand at a healthy CAGR over the forecast period. Drumstick Powder resembles a “vegetable tree”, full of minerals and supporting vitamins, making it a healthy super food.
Paper Napkins, Toilet Paper Rolls & Facial Tissues
A napkin, serviette or face towelette is a rectangle of cloth used at the table for wiping the mouth and fingers while eating. It is usually small and folded, sometimes in intricate designs and shapes.
Market is expected to grow at a CAGR of 6.92%, during the forecast period 2019 - 2024. It is estimated that more than 9% of the paper products processed in the world end up as tissue products accounting to at least 21 million tons of tissue paper every year. In recent years, the away from home products are estimated to be accountable for more than one-third of the global consumption of tissue products and are increasing at a moderate pace every year. Paper napkins converting machines helps in closing the gap between demand and supply of paper napkins.
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