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written by | October 11, 2021

Learn About Starting a Plastic Manufacturing Business in India

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How much are we dependent upon plastic? You can figure it out just by looking around you. From kids' toys to laptops and phones to household requirements, plastic is everywhere, reflecting the demand for this material in today's world.

There are numerous harmful effects, but we still can't resist using them. This material is very cheap, and there's a never-ending range of things that we can make using plastic. Almost all fields are somewhere down the line, depending on plastic.

You can set up a plastic manufacturing business if you have a robust business plan and a crystal-clear vision. It's also vital to keep in mind all environmental safety measures you'll need to take while running this business. 

Besides taking care of the factory's wastage discharge to control the gas emission, there are many other big considerations.

Did you know? 

In India, plastic manufacturing is a fast-growing multi-billion-dollar sector. Today, we've got around 30,000 plastic processing units, 15 large-scaled polymer manufacturers, 7,000 recycling units and around 1.7 million labour forming up the plastic manufacturing industry.

Steps Involved in Setting up a Plastic Manufacturing Company in India

Create a Plan 

Many skills and a deep understanding of science are needed to set up a plastic manufacturing factory. You can gross great profits by setting up the right machinery, hiring skilled professionals and establishing a strong supply chain. 

Online or Offline?

Fortunately, you've got two different ways of running your business in the modern world. If you've got the right skills and knowledge, you can start your plastic manufacturing business online.

Whether you want to drive customers organically (through search engines), or you're ready to do paid marketing, it is up to you. 

If you decide to go online, you'll have to consider the following:

Ask these questions before getting started.

  1. What services will you offer, and what will be the terms?
  2. Where would you store your plastic goods? 

In comparison, if you opt to go with the traditional style of business (offline), then you need to think of:

  1. How would you expand your reach and your saturation level?
  2. How big space do you need?
  3. What will be your arrangements for handout deliveries and transportation?

Go with the option that suits your skills and planning. You'll need investment in both cases, and you'll also have to be ready for bad days, as not every day is bright while doing business. 

Also Read: How To Start A Plastic Recycling Business

Decide on the Size of Business

Only you know your knowledge level, financial strength, resources and goals. So, you'll be the best person to decide the size of your business. Remember, you're just starting. If you begin working on bigger than reality plans, you may suffer. Think about real-life possibilities, and start by establishing your business on a small scale. You can expand it with time. 

Research Well

The plastic manufacturing venture demands good enough investment, and to avoid business blunders, you need in-depth research. Besides understanding the demand/supply chain, you should know the functioning of the market, possible chances of losses, what the opportunities are and so on. 

Besides that, you'll need to think about warehousing to store plastic because, without maintenance, the quality may be affected. Equally important is understanding the government rules/regulations and subsidies, if any available. Also, look for types of loans if you want to start a business on a large scale but have a cash shortage.

Be an Expert

Starting any manufacturing needs adequate knowledge. In the plastic manufacturing business also, you should know the operation of machinery, raw materials needed, environmental harms and controls for the same, product supply chain and everything else. More knowledge means better decision-making most of the time. 

Choose the Perfect Location

You can't simply open your plastic manufacturing venture in whatever location. Plastic is hazardous, so your main factory should be away from the city (maybe outskirts). Also, keep in mind the potential issues with the factory setup because once established, you can't afford anybody raising objections for your factory. 

You need to ensure that the distance between your factory and warehouse is minimum. Also, check out that there is enough demand in the city to establish your factory. Your plant should also be at a minimum distance from the raw material suppliers. Check out whether water and electricity supply is enough to run your factory in the region. 

Take Permits and Licence

Legal permission is mandatory before beginning any business because you don't want to invite any legal troubles once you begin your venture.

You'll have to register your business and complete all vital documents. This documentation may include GST registration, permits, licences, etc. Complete all vital paperwork by visiting government offices and consulting with the knowledgeable. 

What are the Best Ideas for Plastic Manufacturing?

Air Bubble Packaging Wrapper

The air bubble wrapper for packaging is an important element in the packaging industry for its practical and affordable cushioning material. The increasing demand for electronic and other fragile items has left a huge space to fill the need for packaging with air bubble films. It creates a great opportunity for entrepreneurs who are just starting.

Acrylic Buttons Manufacturing

The demand for acrylic-made buttons is growing because of the rise in clothing designed for domestic use. This industry has seen significant growth over the last few years and is expected to grow in the years to come.

Blow Moulded Plastic Products Manufacturing

Thermoplastics such as High-Density polyethylene (HDPE) Polyvinyl Chloride (PVC) can be blown-moulded into various dimensions and shapes. Popular items made from blow moulded plastic include buckets and mugs, jugs and other household items. Small plastic items made using the blow moulding process can be an effective business opportunity.

Plastic Carry Bag Packaging

The production of plastic bags for carrying procedures is easy. The use of polyethylene bags to pack items is increasing every day. Polythene bags are useful throughout the day, with every household using them to serve as storage and packaging.

Disposable Plastic Cup Glass Manufacturing

Because of the change in the lives of the urban middle class, the need for disposable cup ware is growing at a rapid pace. The ice-cream industry, restaurants, hotels and canteens use disposable plastic cups extensively. The manufacturing process is straightforward and can be started on a small or medium-sized scale.

Plastic Toothpicks Production

Plastic toothpicks are extremely convenient for picking teeth. They are used extensively in restaurants and hotels. You can manage the unit that manufactures them based on a semi-automatic or fully automated method.

PVC Coated Electric Wire

The coated electrical wires made of PVC are useful for home appliance home wiring, wiring and interior wiring of lighting in factories electrical power for automation. For example, they are useful in offices, submarine mining, ship wiring applications, etc., because of their high tensile strength, high conductivity, more flexibility and ease of joining.

The Making of PVC Containers for Battery

The manufacturing process for battery containers is straightforward. A small-scale production unit can be economically profitable. It is possible to start manufacturing operations from your home-based model too.

Also Read: Want To Start Fancy Store Business?

Storage Tank for Water Storage Tank

Plastic tanks possess several advantages over steel tanks made of traditional materials. They are constructed seamlessly, which gives them more impact strength and better resistance to corrosion, rust and fuel additives. Water storage tanks are among the most profitable plastic products manufacturing companies in the polymer and plastic business.

Drinking Straw Manufacturing

Drinking straw is among the most useful items in the soft drink industry. The manufacturing process of drinking straws is simple. Also, you can start manufacturing it on a micro and small-scale basis. Also, not a huge investment is required in this manufacturing. You can create plastic drinking straws at home as well.

Conclusion

Setting up a plastic manufacturing company without the right knowledge of the requirements and demand can be cumbersome and may fail. Spend at least some months in knowing ins/outs and panning consolidated. Also, you should use the latest online transferring methods to stay active with your clients' bills and other money-related information.

Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.

FAQs

Q: Which plastic product is in demand in India?

Ans:

The highest plastics share demand in India was for polyethylene. It was at 33% in India by 2019. Also, it was followed by polypropylene, which also had a high demand share of 32%.

Q: What does the plastic chair manufacturing plant cost in India?

Ans:

Plastic chair manufacturing is undoubtedly a very lucrative plastic business in India. The simple machines having 1-2 moulds will cost you nearly ₹10 lakhs - ₹15 lakhs, and the rest depends upon the factory's size and the products you manufacture.

Q: What are new plastic products ideas for a manufacturer?

Ans:

Acrylic buttons manufacturing, blow-moulded plastic product manufacturing, air bubble packaging wrapper, disposable plastic syringe making and disposable plastic cup glass manufacturing are some of the most lucrative ideas for any plastic manufacturing company in India.

Q: Is the plastic item manufacturing business profitable?

Ans:

Indian plastic industry's polymer consumption will double in the upcoming 6 years. The figure in 2020 was 20 million metric tons. As demand increases, we can see the scope as a plastic items business owner.

Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.