Profitable Business Ideas

Description:

Profitable Business Ideas, When You Don’t Know What Industry to Start

Do you need Ideas to start a Profitable Business as an Entrepreneur? Here are 10 Best Small Business Ideas:

Wood Chips

Woodchips are small to medium sized pieces of wood formed by cutting or chipping larger pieces of wood such as trees, branches, logging residues, stumps, roots, and wood waste.

Woodchips may be used as a biomass solid fuel and are raw material for producing wood pulp. They may also be used as an organic mulch in gardening, landscaping, and restoration ecology, bioreactors for Denitrification and as a substrate for mushroom cultivation.

Wood chip, mainly used to produce paper and other products traditionally, has also been used to produce biofuel. The global demand for wood chip is increasing as policies promote the use of biomass for renewable energy. The USA has been a major exporter of wood chip worldwide. Meanwhile, European Union (EU) demand for wood chip is expected to increase rapidly in response to its renewable energy policy.

Wood chips are typically used in fluidized-bed installations, technically also in combination i.e. Co-combustion with coal. Such facilities are present all around the world. Outside Europe, the three main destinations for international wood chip trade include: Japan, Turkey, and China.

Wood Pulp

Wood pulp is wood that has been cut up into small pieces and crushed. Wood pulp is used to make paper. Wood reduced to pulp through mechanical and chemical treatment for use in the manufacture of certain kinds of paper. Wood that has been ground to a fine pulp for use in making newsprint and other cheap forms of paper, and in the production of hardboard. Finely pulped wood that has been digested by a chemical, such as caustic soda, and sometimes bleached: used in making paper.

The global wood pulp market is expected to witness a CAGR of 2.1% during the forecast period (2018 – 2023). Wood pulp is one of the most important global traded products due to its high demand in the paper production industry.

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