Do you want to start plastic toothpick making business? If yes, find here a stepwise business project plan guide on the process of making toothpicks with details on machine, registration, manufacturing process, etc.
Plastic toothpicks are very convenient for tooth picking. They are widely consumed in all hotels and restaurants. Plastic toothpick production unit can be initiated as semi-automatic or fully automatic basis. Any individual can start a manufacturing operation from his or her home location also as a part-time income opportunity
. Additionally, people use disposable plastic toothpicks widely in time of travel. Compared to wooden toothpicks, the plastic toothpicks are more flexible and they are available in well-packed condition. Here, in this article, we have shared every important aspect of starting a plastic toothpick making business of your own.
Plastic Toothpick Production – Market Potential
The plastic toothpicks have already a good existing demand. The increasing habit of dining out among the people of urban and suburban areas has increased the demand for this product. The plastic toothpicks are used daily in homes, hotels, restaurants, public gatherings and every place where food is usually shared.
The growth rate of plastic toothpicks is 4 %. Apart from the domestic market, this product also has very good export potential. If you want to start a fully export-oriented plastic toothpick production unit, then you have to maintain the quality of the product as per export specifications.
Plastic Toothpick Production Business Registration & License
In starting a small, medium or large scale plastic toothpick production business in India, you will need to obtain following registration and licenses for the Government authority.
- Register your business with ROC. For a small scale proprietorship setup, it is recommended to a One Person Company Registration. In starting a more large company, you can go for LLP, Pvt. Ltd or Ltd. Company setup.
- Obtain Trade License from local Municipal authority.
- Apply for Udyog Aadhaar MSME Registration. This is not mandatory, but it will help you in getting the different Government subsidy and grants.
- Take NOC from Pollution Control Board.
- Apply for VAT Registration.
- You can apply for ISO Certification
- Obtain IEC Code for export.
Finance For Plastic Toothpick Production Business
As any manufacturing setup, you will need two types of capital investment in this business also. One is the fixed capital investment and another is working capital investment. The major areas of the requirement of fixed capital are land, building, and machinery.
Generally working capital includes the investment of raw material, manpower cost, and other daily basis expenses to run the unit. Create a detailed business plan and submit it to your nearby banks and financial institutions.
For only fixed capital requirement you can go for unsecured business loan and mortgage loan. To get only working capital investment, you can apply for cash credit and overdraft facility. Before applying for the loan, check your credibility, required collateral security amount and interest rate of the bank.
Related Article: Government Loan Schemes For Small Scale Business In India
Machinery & Raw Material For Plastic Toothpick Production
In initiating a small and medium scale plastic toothpick production business, you will need to have the following machinery. In this type of manufacturing operation, automatic injection moulding machines are preferred. This is most suitable because here precision moulding requirements are high.
Additionally, it ensures high production rate with minimum cycle time. Here the weight of the component injection moulded generally exceeds 150 gram, which could not be injection moulded in semi-automatic machines.
- The automatic injection moulding machine with accessories.
- Scrap grinding machine
- Dry colour mixing machine.
- Mould lifting equipment.
- Water cooling arrangements.
- Weighing scale
- Different moulds.
- Packing machine
The major raw material required is PP/HDPE granules. You can source it from the local wholesale market or from the manufacturer. Apart from this, you will need to procure masterbatches and colour. You will also need to arrange the required packaging consumables.
Plastic Toothpick Production Process
The plasticized and homogenized thermoplastic material is injected into a locked (clamped) mould with sufficient injection speed and pressure. After cooling the melt in the mould, open it to remove the moulded articles.
This is a cyclic process. Automatic injection moulding machine is the basic machinery in this type of manufacturing operation. The last step is packing. The most inspiring aspect of plastic toothpick production business is, it requires a small area for manufacturing operation and can be initiated at home also.
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Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.