Looking for profitable plastic business ideas and opportunities? If so you have landed in the right place.
The polymer is generally used to manufacture various plastic products. Polymers account for around 70% of petrochemicals. In the consumption of the basic petrochemical, polymers form the bulk of demand with a share of around 55% in India.
The major byproducts of polymers are Polystyrene, PVC, Polypropylene, LDPE/ LLDPE, and HDPE. The object of crafting this article is to provide a list of financially viable small scale plastic product manufacturing business ideas to the new entrepreneurs.
Around 54% of PVC is used in the manufacturing of pipes and 14% is used in the production of cable sheathing. Polypropylene is a very lightweight polymer and that is the main reason why it is used as a substitute for various other polymers.
Low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) are also widely used polymers. This segment of polymers is growing at a rate of 12% per year. More than 50% of LDPE/ LLDPE is used by the packaging industry.
Industrial Policy For Plastic Product Manufacturing Business
The domestic plastic sector has been deregulated and di-licensed. However, it needs compulsory licensing for the following three items only viz. Hydrocyanic acid and its derivatives, Isocyanates, and Di-isocyanates and Phosgene and its derivatives, some of which are used in the production of polymers.
Currently, Govt. allows 100% Foreign Direct Investment (FDI) through the automatic route without any sectoral cap. However, you need specific approvals from the Foreign Investment Promotion Board (FIPB) in the following three cases:
- proposals which require the compulsory license,
- when the proposed foreign investment is more than 25% of equity capital of a company manufacturing items reserved for the small-scale sector
- proposals relating to the acquisition of existing shares in an Indian company.
- Plastic raw materials products are imported freely under Open General Licence (OGL).
- The prices of plastics are market-determined without any regulatory control.
List of 20+ Plastic-Related Product Manufacturing Business Ideas
#1. Acrylic Buttons Manufacturing
The demand for acrylic buttons is increasing due to the increase in the consumption of garments used for domestic use and for exports. The consumption of both these sectors have registered significant growth in the past and it will continue to show good growth in future years.
#2. Air Bubble Packaging Wrapper
Air bubble packaging wrapper is an essential item in the packaging field as a convenient and economical cushioning material. The demand generation of electronic goods and other fragile items in recent years has left a wide gap to fulfill the packaging need using air bubble film which has generated a good potential of the project for new entrepreneurs. Read More…
#3. Blow-molded Plastic Product Manufacturing
Thermoplastic materials like High-Density polyethylene (HDPE), Polyvinyl chloride (PVC) can be blow-molded into containers of different sizes and shapes. Some of the common items that are produced include buckets, mugs, jugs, & other household utility products. Small plastic products manufacturing with the blow molding process is a profitable business venture.
#4. Disposable Plastic Cup Glass Manufacturing
Due to the recent change in the lifestyle of the urban class, the demand for disposable cups is increasing at a rapid rate. Generally, the ice-cream industry, hotels, restaurants, canteens, etc use disposable plastic cups widely. The production process is simple and the unit can be initiated on a small and medium scale basis. Read More…
#5. Disposable Plastic Syringe Making
The disposable plastic syringe is an instrument that is used for injecting any liquid into the body of human beings or animals. Plastic syringes are becoming more popular in the medical world due to their lower cost and higher accuracy. Additionally, you can start disposable plastic syringe manufacturing on a small and medium scale basis with substantial capital investment.
#6. Drinking Straw Manufacturing
Drinking straw is an essential item in the soft drink industry. The manufacturing process is simple. And you can initiate on a micro and small-scale basis even from your home location.
#7. HDPE Bag Making
HDPE/PP pouches are becoming popular on account of their inertness towards chemical, moisture & excellent resistance towards rotting & fungus attack. They are non-toxic. Lighter in weight & have more advantages than conventional bags. HDPE bag making is one of the profitable plastic product manufacturing business in India.
#8. Pet Bottles Manufacturing
Pet jar or pet bottle production is one of the most lucrative and profitable manufacturing opportunities in the plastic and polymer industry. According to experts, polymer consumption by the Indian plastic industry is expected to be double in the next 6 years.
It means we can expect a figure of 20 million metric tons by 2020. A pet bottle production unit with a simple process of injection molding and blow molding is a profitable venture for entrepreneurs. Read More…
#9. Pharmaceutical Strip Manufacturing
Pharmaceutical strips are used for air and moisture-proof packaging for drugs like tablets, capsules, etc. You can initiate the manufacturing unit on a small and medium scale basis. However, the business demands proper financial and production planning.
#10. Plastic Buttons Manufacturing
The common material for buttons is polyester, which is a special kind of plastic with properties that make it suitable for buttons. A variety of chemical dyes is added to the polyester to make different colors. Actually, you can initiate the plastic buttons manufacturing with a comparatively small capital investment.
#11. Plastic Carry Bag Making
The plastic carry bag manufacturing process is simple. The usage of polyethylene bags for packaging is increasing day by day. Polythene bags are widely used in daily life with every household using them for varied purposes of packaging and storage.
#12. Plastic Jerry Cans Making
Generally, plastic jerry cans are essential items for commercial and industrial packaging purposes. Plastic jerry cans making in different sizes is one of the most profitable plastic product manufacturing business.
#13. Plastic Tooth Picks Production
Plastic toothpicks are very convenient for tooth picking. They are widely consumed in all hotels and restaurants. The manufacturing unit can be initiated semi-automatic or fully automatic basis. Read More…
#14. PVC Battery Container Making
The battery container making process is simple. A small-scale manufacturing unit is financially profitable. You can initiate the manufacturing operation as the home-based also.
#15. PVC Coated Electric Wire
PVC coated electric wires are extensively used for domestic home appliances wiring, house wiring and internal wiring for lighting circuits in factories, power supply for office automation, in control, instrumentation, submarine, mining, ship wiring applications, etc. due to its high tensile strength, superior conductivity, better flexibility and ease of joining. Read More…
#16. PVC Insulation Tape
PVC Tapes have become very popular as an electrical insulation material. The major characteristics of insulation tapes are that they should be water-resistant, oil-resistant, and temperature resistant. Read More…
#17. PVC Pipe Manufacturing
The demand for PVC pipe and fittings is related to the consumption of PVC pipes. And keeping in view the growing trends in the utilization of PVC pipes for a variety of applications, the demand for fittings is likely to grow substantially. The manufacturing unit can be established on a small, medium, and large-scale basis. Read More…
#18. Rain Coat Manufacturing
A wide variety of fabrics suitable for rain gear is currently on the market. The production process is simple. Generally includes designing, cutting, and sewing. Additionally, you can initiate the manufacturing unit on a home-based basis.
#19. Spectacle Frames
With some simple machinery and equipment, you can initiate the spectacle frame manufacturing on a home-based and small-scale basis. The major required raw material is cellulose acetate.
#20. Water Storage Tank
Plastic tanks have several advantages over traditional steel tanks. Their seamless construction provides them with greater impact strength and superior resistance to rust, corrosion, and fuel additives. Water storage tank production is one of the most profitable plastic product manufacturing businesses in the plastic and polymer industry.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.