Do you want to start a medium-scale business? Normally, small businesses when becoming successful and starting to earn more revenue tend to upgrade their venture to a medium scale. However, if you have sizeable money to invest and a more risk-taking ability, starting a business on a medium scale is a good decision. Here in this article, we list down top medium-scale manufacturing business ideas that are new and innovative for your ready reference.
What is a Medium Scale Business?
Medium-scale businesses can be categorized as business entities whose turnover is neither small nor large. For example in India, the government recognizes those industries as medium-scale whose start-up investment is in the range of Rs. 5 Cr. to Rs. 10 Cr.
Medium-scale product manufacturers can generate new value, minimize costs, and increase operational stability by focusing and prioritizing on four broad areas: production, product design, value recovery, and supply-chain management.
List of 25 Medium-Scale Manufacturing Business Ideas
#1. Agarbatti Making
First of all, you can produce incense sticks or Agarbatti with a different recipe. Different type of ingredients has different emotional and medicinal attributes. Create an innovative recipe and start commercial manufacturing.
Aluminum door window manufacturing fabrication with different types of frames and fittings is one of the most profitable and innovative manufacturing business ideas.
The use of aluminum in business and office complexes, buildings, theaters, and the auditorium is very extensive for functional and decorative purposes.
It is without saying, the demand for bakery products is growing all across the globe. In today’s complex and competitive food industry, growth comes through innovation. However, you must select the right product for the niche audience.
Additionally, you have to have a proper marketing strategy too. Because these are the major deciding factors in getting success in the bakery business.
Banana wafers are under-ripe bananas. First of all, cut them into slices and dip them in syrup solution. Then, dry under the sun or in the oven, fry, and eat as snack food or dessert. Additionally, you can sell banana wafers both in the domestic and export markets.
#5. Hand Sanitizer Production
Hand sanitizer comes under the essential commodity segment. Currently, the product has a huge demand in both domestic and international markets.
The manufacturing process is simple. And you can start hand sanitizer production on a medium-scale basis. However, the business demands specific permission and licensing from the Government authority.
Also Read: 10 Best Hand Sanitizers
#6. Ceramic Glazed Tiles Production
Ceramic Glazed tiles are made of a porous body with a coating of white or colored Glaze. Basically, these are essential items in the Bathrooms, kitchens in modern buildings, Hospitals, Analytical Laboratories, and Toiletries attached to Railway platforms.
This is because these products have properties like good resistance to weather and chemicals, high strength, hard, glossy surface with different colors, and a pleasing appearance.
#7. Energy Drink
An energy drink is a type of beverage containing stimulant drugs, chiefly caffeine. Basically, it is marketed as providing mental and physical stimulation. Energy drinks have the effects caffeine and sugar provide, but there is little or no evidence that the wide variety of other ingredients has any effect.
Most of the effects of energy drinks on cognitive performance, such as increased attention and reaction speed, are primarily due to the presence of caffeine. Globally, energy drinks are typically attractive to young people. Approximately 66 percent of consumers are between the ages of 13 and 35 years, with males being approximately 65 percent of the market
#8. Fitness Equipment Manufacturing
Fitness equipment helps the consumer in weight management, overall physical fitness, and enhancing physical stamina and muscle strength of the body. Some of the major fitness equipment products include treadmills, stair climbers, stationary bikes, rowing machines, weight-lifting machines, elliptical cross-trainers, and traditional weightlifting equipment such as free weights and benches.
Increasing lifestyle diseases, an increasingly obese population, escalating healthcare costs and an aging population is driving the market for fitness equipment in India. Fitness equipment production is one of the most innovative medium-scale manufacturing businesses to start with considerable capital investment.
#9. Grapes Wine Production
Basically, wine is fermented grape juice. Actually, you can produce wine from grapes, fruits, berries, etc. Though, you can produce most wines from grapes. Red wine results when the crushed grape skin pulp and seeds of purple or red varieties are allowed to remain with the juice during fermentation periods.
Pink/rose wine can be produced by removing the non-juice pieces from the must during fermentation. However, you can produce white wines from pigmented grapes by the removal of skins, pulp, and seeds before juice fermentation.
#10. Ice Cream Making
India’s current ice cream market is worth Rs 3,000 crore, including the unorganized sector. Typically, ice cream is a seasonal product, with demand peaking during the summer months. Nowadays consumers are enjoying ice cream with innovative frozen variants, even in the cold months.
#11. Jute Bag Making
Though the jute bags market is still at a nascent stage, Indian entrepreneurs see a huge opportunity for themselves as they do not see major competition from any other country.
As per the latest data, the jute acreage was about 1.9 lakh hectares in seven states of India, including West Bengal and Bihar. Basically, jute is an essential item in the manufacturing of sacks and other packaging goods. Exporters dealing in jute bags are getting a good response from the international market.
#12. Kid Garments Manufacturing
Kid garments manufacturing is definitely promising and profitable in the Indian clothing and garment industry. For emerging economies like India, the large consumer base is the major attraction despite their lower household disposable income.
#13. Leather Product Manufacturing
The leather industry occupies a place of prominence in the Indian economy in view of its massive potential for employment, growth, and exports.
There has been an increasing emphasis on its planned development, aimed at the optimum utilization of available raw materials for maximizing the returns, particularly from exports.
#14. LED Light Manufacturing
LED lamps have a lifespan and electrical efficiency which are several times longer than incandescent lamps, and significantly more efficient than most fluorescent lamps, with some chips able to emit more than 100 lumens per watt.
Industry experts expect growth in the LED lamp market more than twelvefold over the next decade. It may increase from $2 billion at the beginning of 2014 to $25 billion in 2023, a compound annual growth rate (CAGR) of 25%.
#15. Paper Bag Making
A paper bag or paper sack is a preformed container made of paper, usually with an opening at one end. It can be one layer of paper or multiple layers of paper and other flexible materials. Paper bags are essential items for packaging and/or carrying goods.
It’s just the same as packaging design, paper bags are intended to show all the glory of the product inside them. So, your design needs to stand out. Additionally, you can initiate this innovative medium-scale manufacturing business with moderate capital investment.
#16. Plastic Product Manufacturing
Basically, polymer is an essential item in manufacturing various plastic products. In the consumption of the basic petrochemical, polymers form the bulk of demand with a share of around 55% in India. The domestic plastic segment has been deregulated and de-licensed by the Government of India.
#17. Rubber Stamp Manufacturing
The rubber stamp-making business, revenue-wise, has very good income potential. You can with comparatively small startup capital investment. The manufacturing process is simple. Several different types of rubber and polymer stamps are becoming popular nowadays.
#18. Talcum Powder Production
People use talcum powder as a moisture absorber which is ideal for people with oily skin. It helps to absorb moisture and soothe irritation caused by diapers.
In addition, it helps to prevent rashes and chafing. Some of the fragrances include sandalwood, amber, oakmoss, lily, and rose. Talcum powder production is one of the most innovative manufacturing business ideas in the chemical industry.
#19. Textile Printing
Textile printing is the process of applying color to the fabric in definite patterns or designs. In properly printed fabrics the color bonds with the fiber, so as to resist washing and friction. Textile printing is related to dyeing.
In dyeing properly, one color covers the whole fabric uniformly. Whereas in printing, you can apply one or more colors to it in certain parts only and in sharply defined patterns. Nowadays textile screen printing offers ample innovation and creativity.
Woodworking is one of the most innovative manufacturing business ideas nowadays. You can put a lot of creativity into making innovative wood make products. Woodworking and wood carving are the early-age industry in India. Woodworking is one of the fastest-growing industries in the economy. Technology up-gradation and capacity expansion are strong focus areas today for the woodworking units in India.
Candles are still a popular household item in most countries in the world. Nowadays, there are various types of candles that are in good demand. Some of the popular ones are paraffin wax candles, soy wax candles, and liquid wax candles. Making candles can be a lucrative medium-scale business by investing little money.
Another profitable medium-scale business in the food processing industry at present is cashew processing. If you have a good know-how of cashew sources, consider starting this business.
23. Chocolate Making
Though the chocolate and candy industry is competitive, still there is a wide scope for new entrants. With proper planning, the chocolate-making business can fetch high returns.
The demand for cotton buds exists around the year. One can start a medium-scale cotton bud manufacturing business with low investment. Furthermore, the profit margin is also high for this item.
25. Cricket Bat Manufacturing
The game of Cricket is now played in many countries. As a result, the demand for good-quality cricket bats is also growing. If you have the expertise or knowledge of how it is made, manufacturing cricket bats can be a hugely profit-making medium-scale manufacturing business.
There are many more medium-scale business ideas that can be started with a low investment which can be a profitable venture depending on the demand and trends of the local population. We hope, this list will inspire you in starting a medium-scale business that can fetch good returns.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.