The glass industry mainly caters to three broad segments. These are the beverage sector, infrastructure, and real estate sector. However, the container glass segment occupies the major market share in the industry. The object of crafting this article is to provide 8 profitable glass-related business ideas to entrepreneurs.
The majority of the sales in terms of volume go to the container glass segment. On the other hand, the majority of the sales in terms of value go to the float glass segment. The liquor and Beer Industry forms almost 2/3 of the container glass demand in the country.
Additionally, the food and pharmaceutical industry accounts also for a major share. Therefore, starting a glass-related business is a financially profitable and lucrative venture for entrepreneurs.
List of 9 Glass Related Business Ideas
#1. Customized Glass Etching
This business is generally easy to start. Additionally, you can start this business as home-based also. Personalized gift items and corporate gift items are very popular these days. Generally, corporate gift items are considered effective promotional tools. The etching process is also simple. And you can also start with small tools and equipment.
#2. Decorative Glassware & Toys
You can start this business with small capital investment. Additionally, the manufacturing process is simple. Furthermore, there are several different manufacturing processes are available. Such as screen printing, a method of etching, sandblasting, carving, cutting, etc.
#3. Decorative Mirrors
The decorative mirror market is growing worldwide. Generally, these days people use decorative mirrors not only for dressing purposes but also for decoration purposes. And this product is an essential item in the interior decoration industry. Furthermore, people use decorative wall mirrors for the interior decoration of commercial spaces. Such as office reception, hotel, resort reception areas, etc.
#4. Fiberglass
Fiberglass today is widely used in everything from buildings to appliances to airplanes. Nowadays, this is an essential item in controlling the flow of heat, absorbing sound, and filtering gasses and liquids. You can start fiberglass manufacturing on a medium and large-scale basis. However, proper distribution and market penetration are important to get success in this business.
#5. Glass Bangles
Glass bangles are very much popular in most countries in the world. Generally, you can produce glass bangles from block glass of different shades of colors or directly from the batch material. Basically, these types of bangles come with round shapes with pleasing colors and have been designed over the surface. The demand for glass bangles generally goes up during the festive seasons and special functions, marriage occasions, etc.
#6. Glass Bottle
We already mention that container glass item have the largest market share in the industry according to volume. So, there is already an inspiring market for this product. And the demand is also increasing rapidly. Food, beverages, and pharmaceutical industries are the major consumers of this product.
#7. Glass Sheet for Window
The real estate industry is the major consumer of this product. Eventually, this product has replaced the traditional wooden windows. This is a medium and large-scale business. And the business demands substantial capital investment.
#8. Laboratory Glasswares
Laboratory glasswares are the essential items in any sort of laboratory operation. In addition, the properties of these items are fragile. So there is always a possibility of a new purchase. However, laboratory glasswares occupy a small market share in the industry.
#9. Toughened Glass
Toughened glass acquires a degree of strength for the excess of the strength of normal glass sheet or plate glass. With increased transportation facilities the demand for the product is increasing at a steady pace. This is especially in the automobile industry, railways, shipbuilding both for production and replacement.
This industry is a high capital incentive. Additionally, it demands the right skill, knowledge, proper management, and right marketing strategy. It is advisable in starting this business to craft a business plan or project report prior. Additionally, pay attention to marketing planning. We hope this list of glass-related business ideas will help you in making an informed decision in starting a successful business in the industry.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.