The rubber industry is one of the most prominent production industries in the SME sector in India. India is the world’s largest producer and the third-largest consumer of natural rubber. The industry size is about 6000 units comprising 30 large scale, 300 medium scale, and around 5600 small and micro-size manufacturing units. A small-scale manufacturing business in the rubber industry is a profitable venture for new entrepreneurs. Here in this article, we list down profitable low-cost rubber business ideas for your ready reference.
The wide range of rubber products manufactured by the Indian rubber industry comprises all types of heavy-duty earthmoving tyres, auto tyres, tubes, automobile parts, footwear, belting, hoses, cycle tyres and tubes, cables and wires, camelback, battery boxes, latex products, pharmaceutical goods, besides molded and extruded goods for mass consumption.
The important sectors that the rubber industry caters to include all the three wings of defense, civil, aviation, aeronautics, railways, agriculture, transport as also textile engineering industries, pharmaceuticals, mines, steel plants, ports, family planning programs, hospitals, sports, practically to every conceivable field.
In India, the rubber industry has great potential and opportunities for the small-scale industry sector. There are many schemes promoted by the rubber board of India that promotes small-scale entrepreneurship. Any individual can initiate a small-scale rubber product manufacturing business with reasonable capital investment and strategic planning.
List of 15 Rubber Business Ideas
1. Balloon Manufacturing
Rubber balloons are thin-gauge rubber products. Generally, you can produce them from a suitable latex compound. It is one of the cheapest of all toys. Hence it is extremely popular in all segments of the population. Read More…
2. Eraser Making
Rubber erasers are generally made from natural rubber. Generally, the product is an essential item for students, artists, bookkeepers, typists, and others to correct the mistakes. Eraser-making project is profitable and there is demand in the domestic and export market. Read More…
3. Hospital Rubber Consumable
You can initiate a hospital or diagnostic rubber consumable item manufacturing project on a small-scale basis. However, you will need to consider the availability of raw materials. It is important to select the right product. Several different pipes, bags, gloves, and many other rubbers make consumables hugely used in the hospital industry.
4. Latex Rubber Thread
Generally, latex rubber threads are used in the hosiery industry. Apart from this latex rubber thread is an essential raw material for fishing baits, toys, and many medical consumables. Latex rubber thread manufacturing is one of the most profitable rubber business ideas that can be initiated on a small-scale basis also.
5. Rubber Band Manufacturing
The rubber band is a retail and household consumable item. The largest consumer of rubber bands in the world is the USA. The newspaper industry also uses massive quantities of rubber bands to keep the individual newspapers rolled or folded together before home delivery.
The rubber band manufacturing process is not complex and any individual can initiate with small startup capital. Read More…
6. Rubber Belt Manufacturing
The rubber conveyor belt is an essential item for every continuous production process unit. The demand for rubber conveyor beltings has been steadily increasing with the rapid industrialization in the Country.
These belts are commonly used for industrial purposes in thermal plants, fertilizer plants, railways, chemical plants, etc. Therefore, rubber conveyor belt manufacturing is one of the most profitable rubber business ideas. Read More…
7. Rubber Floor Mat Making
Rubber floor mats are used widely as industrial rubber mats, anti-static mats, anti-vibration mats, anti-fatigue mats, rubber mats for use at home, entrance mats, interior mats, car floor mats, and so on. The manufacturing process is not complex. And you can initiate a manufacturing unit on a small scale basis. Read More…
8. Rubber Gaskets Making
The rubber gasket-making business is one of the most profitable rubber business ideas. Several different types of gaskets are generally used by the automobile industry and also by large factories. By establishing a small-scale manufacturing unit, any individual can initiate this business. Read More…
9. Rubber Gloves Making
Generally, the medical industry, automobile industry, and manufacturing industry including food processing are the major consumers of rubber gloves. The purpose of using these rubber gloves is to protect the hands and fingers from heat, abrasion, electric shocks, chemical attack, contamination through direct contact as in the case of medical examination gloves, etc.
In addition, you can initiate this manufacturing business on a small scale with a small startup capital investment. Read More…
10. Rubber Stamp Making
You can start a rubber stamp-making business as a home-based also. Actually, the polymer rubber stamp is now very popular for official use. You can start this business with very small startup capital. Apart from normal rubber stamp pre-inked rubber stamp also has very good market demand. Read More…
11. Rubber Toys Making
Any individual can initiate rubber toys making project with simple machinery and easily available raw materials. In addition, the production process is not complex and the product has very good demand.
12. Slipper Manufacturing
Rubber footwear making from different colorful rubber sheets is a small-scale profitable business. Additionally, any individual can initiate the business as a home-based also. Slippers are essential household consumable items. Generally, every person uses the product on a daily basis. With the increasing population, the demand for rubber footwear is also increasing day by day. Read More…
13. Tyre Retreading
Tyre retreading is a new technology. After applying this method the old tyres become serviceable and usable. The part of the tyre that comes in contact with the surface of the road is known as the tread. The tread is an integral part of the tyre and is responsible for providing traction. Technology-wise this is one of the most trending rubber business ideas in India. Read More…
14. Rubber Carpet Manufacturing
The demand for rubber carpets is on the rise. If you check online marketplaces like Amazon, you will find the sale of rubber carpets is getting momentum. You can start making rubber carpets with a small investment.
Shoes are becoming more of a style statement for the younger section of society. If you have a creative mind and a passion for shoes, you can start designing innovative shoes. There is a huge market for designer shoes among customers.
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Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.