As the year draws to a close there is a real possibility of the UK crashing out of the EU Co Kilkenny – a Palladian mansion with 500 acres and one of Ireland’s most … whilst the Bilberry Estate in Midleton sold on the cusp of the New Year at a …

What are good startup ideas for 2016?

Amazing Startup Business Ideas that’ll Make You Money:

Chilli Oleoresin

Paprika oleoresin is a natural food colorant used to obtain a deep red colour in any food that has a liquid/fat phase. The oleoresin is slightly viscous, homogenous red liquid with good flow properties at room temperature. Among the various market types of chilli, paprika type is being presently grown in very limited scale in restricted areas in India

The global chilli oleoresin market is expected to reach USD 695.1 million by 2024. India controls 60% of the 13,500-tonne global spice oleoresins market even as China has emerged as a strong contender in paprika oleoresin, the most in-demand spice oil. As a whole any entrepreneur can venture in this project without risk and earn profit. Read more

Workwear, Uniform Clothing for factory

(Thousers & High Visibility Long Sleeves Jackets)

Workwear is clothing worn for work, especially work that involves manual labour. Often those employed within trade industries elect to be outfitted in workwear because it is built to provide durability and safety. Garments of simple and typically very durable construction usually in poly/cotton fabrics, including boiler suits and coveralls, bib and brace, coats, jackets and trousers, as well as a wide variety of similar styles used in the catering and wholesale/distribution sectors.

Indian consumer durables market is broadly segregated into urban and rural markets, and is attracting marketers from across the world. Per capita GDP of India is expected to reach US$ 3,273.85 in 2023 from US$ 1,983 in 2012. The global Workwear/Uniforms (Uniforms & Workwears) market is valued at 56700 million US$ in 2017 and will reach 79000 million US$ by the end of 2025, growing at a CAGR of 4.2% during 2018-2025. Thus, due to demand it is best to invest in this project. Read more

Jute Shopping Bags

Jute fabrics are strong, durable, light, color fast, attractive and cheaper than most fabrics made from other fibers. There is very simple sewing machine and cutting machine required for making jute bags. There is very good demand of jute bags. Demand of jute bag is meet up by our own growth. Jute bags has very good export potentiality. Raw materials required for making jute bags are cotton threads and jute fiber cloth. It can be packed in the plain box and transport it.

The global jute bag market reached a value of US$ 1.4 Billion in 2016, exhibiting a CAGR of around 11% during 2009-2016. The market is projected to reach a value of US$ 2.6 Billion by 2022. Indian jute carry and shopping bags exporters are shipping over millions of bags every year & trends show that the numbers are likely to keep rising rapidly. Sara International, one of the top jute bags manufacturers, which is taking advantage of this trend. As a whole any entrepreneur can venture in this project without risk and earn profit. Read more

PVC Conduit Pipes

PVC material is difficult to ignite and self-extinguishing (when flame removed) property/characteristic make it important thermoplastic. PVC Conduit pipes are produced by extrusion process followed by calibration to ensure maintenance of accurate internal dia with smooth internal boxes. These pipes generally come in lengths of 6 meters. A wide range of injection molded fittings, including tees, elbows, reducers, caps, pipes saddles, inserts and threaded adaptors for pipe sizes 15-150 mm are available.

The India PVC pipes and fittings market will grow at a double digit CAGR over the period FY’2014-FY’2019 and is projected to reach INR 391 billion by FY’ 2019. Global PVC Pipe Market size was valued at $54,246 million in 2015 and is anticipated to grow at a CAGR of 6.7% to reach $85,565 million by 2022. Polyvinyl chloride (PVC) is the third largest selling plastic commodity after polyethylene &polypropylene. Entrepreneurs who invest in this project will be successful. Read more

Craft Beer

A microbrewery or craft brewery is a brewery that produces small amounts of beer (or sometimes root beer). The main raw material are Malt, yeast, water. Some additives for yeast growth eg ammonium phosphate, ammonium sulphate, potassium Meta sulphate for preservation of beer. For craft beer some vegetable and fruit extract are added to enhance the flavor.

India’s alcoholic drinks market, we expect to see strong growth in beer consumption over our forecast period. In volume terms, beer sales will rise at CAGR of 7.5 per cent between 2017 and 2021.” The craft beer market in India is pegged at Rs. 280 crore and may grow to Rs. 4,400 crore by 2020. Thus, due to demand it is best to invest in this project. Read more

Disposable Plastic Syringes

Disposable Syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized condition, ready to use, and cost effectiveness, disposable syringes are fast replacing the age-old glass syringes. Disposable Syringes are being used by doctors to inject medicines through intravenous or intramuscular ways for the treatment of diseases & also by research & development personnel.

The effective result of the above factors of influence on the market – along with a few others – for disposable syringes is expected to translate to a CAGR of 5.6% from 2015 to 2023.India is witnessing a rapid growth across all segments and categories of medical products. India exported US$ 35.22 million worth of syringes and the overall exported quantity was 719.48 million units. Thus, due to demand it is best to invest in this project. Read more

Activated Carbon from Bamboo

Activated carbon is a non-graphite form of carbon and is micro crystalline in nature. It is extensively used in various industries as a very good adsorbent for odour or colour. Activated carbon is an important component of filter material for the removal of hazardous components in exhaust gases for the purification of drinking water and for waste water treatment. Bamboo can be converted into charcoal and activated carbon via carbonisation followed by activation.

In recent years, there has been a rising expansion of the activated carbon (AC) global market. According to the Transparency Market Research (TMR), the product transactions reached, in 2012, 1.913 billion dollars and the predictions are that at the end of 2019 the numbers surpass the mark of 4.180 billion, presenting an annual increase rate of 11.9% in the 2013-2019 period. This facilitates the development of new technologies and ensures a high quality product. Read more

E-commerce

E-commerce has become an important part of many multilateral negotiations such as Regional Comprehensive Economic Partnership (RCEP), WTO and BRICS etc. Ministry of Electronics & Information Technology is spearheading such negotiations on E-commerce from Indian side. It is a type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an electronic network, typically the internet. Electronic commerce operates in all four of the major market segments: business to business, business to consumer, consumer to consumer and consumer to business.

“India’s E-commerce market is estimated to be USD 33 billion in the financial year 2017. NASSCOM shows that India’s online market share grew at the rate of 19 percent last year and will touch an estimated US$33 billion in 2017. By 2020, this number is expected to rise to over 175 million – owing to the technology transformation led by the rise in the use of smart phones and tablets, and improved access to the low-cost internet. India’s E-commerce market is estimated to reach US$200 billion in the next decade on the back of these factors. Thus, due to demand it is best to invest in this project. Read more

IV Cannula and Catheters

Intravenous cannulation is a technique in which a cannula is placed inside a vein to provide venous access. Venous access allows sampling of blood as well as administration of fluids, medications, parenteral nutrition, chemotherapy, and blood products. In simple terms, a cannula can surround the inner or outer surfaces of a trocar needle thus extending the effective needle length by at least half the length of the original needle. It is also called an intravenous (IV) cannula. Its size mainly ranges from 14 to 24 gauges. Different-sized cannulas have different colours as coded. I.V. Catheters are made out of special medical grade polyurethane which becomes very soft at body temperature ensuring patient comfort. Catheters thereby allow drainage or injection of fluids or access by surgical instruments. The process of inserting a catheter is catheterization. In most uses a catheter is a thin, flexible tube: a “soft” catheter; in some uses, it is a larger, solid tube: a “hard” catheter.

The IV cannula market is estimated to grow at a CAGR of 6.2% from 2017 to 2022 to reach USD 13.63 Billion by 2022. The global peripheral intravenous catheter market is estimated to be valued at US$ 3,663.7 Mn by the end of 2015, reaching a value of US$ 5,224.7 Mn by the end of 2021 at a CAGR of 6.1%. The Indian domestic Medicare devices industry is expected to grow from Rs. 60 bn to Rs. 76.5 bn in four years. The overall market is estimated at Rs. 150 bn. A major part of the demand is met through imports. As a whole there is a good scope for new entrepreneur to invest in this business. Read more

Biofertilizer and

Phosphate Rich Organic Manure

(PROM)

Bio-fertilizers are selective live micro-organism like bacteria, fungi and algae. They provide a cost effective, eco-friendly & renewable source of nutrients. Bio-fertilizers improve the nutrient availability to the crops in which biological process is involved. Bio-fertilizers help in fixing atmospheric nitrogen, converting soil phosphate and potash into soluble forms to make them available to plants. Phosphate rich organic manure is a type of fertilizer used as an alternative to diammonium phosphate and single super phosphate. Phosphate Rich Organic Manure is produced by co-composting high-grade (32% P2O5 ± 2%) rock phosphate in very fine size (say 80% finer than 54 microns).

The biofertilizers market was valued at USD 946.6 Million in 2015; the market is projected to grow at a CAGR of 14.08% from 2016 to 2022. With the increasing pressure on global food production and development in technologies of fertilizer production, the demand for fertilizers is expected to increase, which in turn would enhance the growth of the biofertilizers market. Entrepreneurs who invest in this project will be successful. Read more

Pan Masala, Tobacco, Zarda and Kimam

Pan Masala is a balanced mixture of betel leaf with lime, areca nut, clove, cardamom, mint, tobacco, essence and other ingredients. It is an agricultural product with herbal properties, also available in hygienic pack and pouches. The ingredients in pan masala vary widely, depending on personal taste and region. Fennel seeds are often key ingredients, since they tend to leave the mouth with a fresh feeling, and it is also possible to find cinnamon, cardamom, lime, menthol, areca nuts, betel nuts, and various other ingredients.

The overall tobacco market is expected to grow at a CAGR of ~% from FY’ 2013-2018 and will reach USD 35 billion by 2018. The tobacco market in India is expected to grow at a CAGR of 6.3% over FY 2016 to FY 2020. Smokeless tobacco market India accounted proportion of 71% in the year 2017 and the trend is expected to continue throughout the forecast period of 2017-2023. Which facilitates the development of new technologies and ensure a high quality product. Read more

Dry Fruits Processing

(For Snack, Almond, Pistachio and Cashew Nut)

Dried fruits are one of the most popular products made by small-scale processors. Drying removes the water from fruits so that the growth of micro-organisms is inhibited. It also reduces the weight and bulk of foods which cuts down on transport and storage costs. Walnuts, Cashew nuts, Almonds, pine nuts, Pistachio provided a high calorie intake. Nuts are used by mankind for food, edible oils, spices, condiments or beverages. Nuts are a rich source of protein, dietary fibre, vitamins and minerals. This makes them a popular snack which is both tasty and nutritious.

The nut and dried fruit industry in India is currently pegged at INR 15,000 crores (~ USD 2 billion) and is estimated to grow to INR 30,000 crores (~ USD 4 billion) by 2020, according to the Chairman of Royal Dried Fruits Range, a city-based dried fruits retailer. The global nuts and seeds market to grow at a CAGR of 4.5% during the period 2016-2020. This facilitates the development of new technologies and ensures a high quality product. Read more

Layer Poultry Farming

Layer poultry farming means raising egg laying poultry birds for the purpose of commercial egg production. Layer chickens are such a special species of hens, which need to be raised from when they are one day old. They start laying eggs commercially from 18-19 weeks of age. They remain laying eggs continuously till their 72-78 weeks of age. They can produce about one kg of eggs by consuming about 2.25 kg of food during their egg laying period.

India is third largest egg production and fifth in chicken meat producer in the world. India has a population of 1.2 billion and 50% of India’s workforce is in agriculture. The total egg production has increased from 27.33 Billion during 2015-17 (Rainy) to 29.09 Billion during 2016-18 (Rainy) registering a growth 6.42%. As against the targeted production of 87.05 Billions of eggs during 2016-18, the total estimated production in two seasons, summer and rainy, is 55.11 Billion showing an achievement of 63.31%. As a whole there is a good scope for new entrepreneur to invest in this business. Read more

Here, checkout this link on popular business ideas for different industries that have great future potential.

https://www.entrepreneurindia.co…

Hope that helps.

Best Regards,

Ajay Gupta