Everyone has seen a garden pipe, the ones that are used in gardens to water plants and for other purposes like washing car, etc. it is a useful item which solves various purposes of an Indian household. There are around 5500 companies in India that manufacture around 40km long garden pipes every day. Therefore, the business of garden pipe is profitable as the demand keeps increasing every year and the supply will not stop at all.
Visit this Page for More Information: Start a Business in Pipe and Tubes Industry
Click here to send your queries/Contact Us
Business Research
Before starting the business, you need to do proper business research which will include the demand of the product, the supply, price, or cost of manufacturing involved, profit of margin, and quality and quantity of the product required. You need to first check the local market to understand the size and type of garden pipe which is most in demand currently. The best way to find is by analysing your competitor’s product.
Related Business Plan: PIPE & TUBES
Along with this, you would also need to lay out a business plan which will include important things like capital investments, machinery required, cost of machinery, labour or manpower required. At NPCS, we have gathered some relevant information for start-ups, which will help them in getting their plans for the garden pipe manufacturing business on track. Keep reading for further information.
Read Similar Articles: PIPES AND TUBES BASED PROJECTS
Indian Market Size
Despite the pandemic’s effects, the garden pipes industry in India has been doing quite well. There has been a significant change in the demand for garden pipes in several industries. Warm and cold water is increasingly used in various sectors, and the industry has seen a significant increase in the use of these hose/garden pipes.
The biggest competitors in the industry, have reported a year-over-year CAGR rise of 3%-11% during the previous two years. According to CRISIL, PVC pipe manufacturers are anticipated to experience a record 35% growth in FY2022. The pandemic has reduced the size of the plastic pipe market globally, which is expected to be $29.9 billion in 2022. However, taking into account market adjustments brought on by the pandemic, the sector would expand at a CAGR of 5.6% by 2026, reaching a size of $38.1 billion.
The market for plastic garden pipes in India is estimated to be worth $400 billion. Through the pandemic over the previous 5 years, it has written a 10% CAGR from FY2016 to FY2021. The arena is anticipated to expand at a slightly faster rate of 12% and reach Rs 550-600 billion by FY 2025. About 67% of the market in the sector is accounted for by organised players in FY 2021.
Investment
The total investment depends upon the business plan and business model. Depending upon the size of the business (small, medium, and large) business owners would require to arrange the investment. The investment capital will differ based on the location or area to be purchased or leased for the manufacturing plant, labour cost, raw material cost, machinery cost (semi-automatic or fully automatic), etc.
Target Customers
- Wholesaler
- Indian residences
- Farmers
- Retailers
- Supermarket
- Online
- Constructors
Related Feasibility Study Reports: Garden Pipe & Delivery Pipes
Sourcing Raw Material
In garden pipe manufacturing, the raw materials required are
- PVC resin
- DOP
- Stabilizers
- Processing acids
- Lubricants
- Colours
- Fillers
- Electricity and water supply are mandatory.
Registration and Licence Required
- Register with the ROC.
- Then obtain a trade licence from Municipality.
- Later, apply for Factory Licence according to the current state rules.
- Also, apply for
- Udyog Aadhar MSME registration.
- VAT registration
- ISO certification
- NOC – State Pollution Control Board.
- The BIS certification for quality control.
- Current bank account in nationalized bank
- Secure your brand with Trademark Registration.
Area and Manpower
Area and manpower depend upon the business plan and business model. It will also depend upon the machinery size and capacity. The type of machinery, semi-automatic or fully automatic, also plays an important role in determining the plant area and manpower requirement.
Read our Book Here: Handbook on Steel Bars, Wires, Tubes, Pipes, S.S. Sheets Production with Ferrous Metal Casting & Processing
Profit Margin
The main motive of any business start-up is profit. Profit also depends on the business model, whether it is a small-scale, medium, or large-scale business. It also depends on the contracts that you’re receiving and the sales or ROI you’re making. This can vary from 30%-60%.
Conclusion
Garden pipes are commonly used in homes and industries. It is the most versatile product which is much in demand. It can withstand any weather condition and hot or cold water.
We at NPCS work to make choosing a business a straightforward and practical process for any entrepreneur or start-up. Our knowledgeable staff after capitalising on its nimbleness and with ten years of experience in the industry has compiled a list of lucrative initiatives for business owners looking to diversify or venture. The above-mentioned list is updated frequently to provide you with a steady stream of newly available options.
If you need information about Garden Pipe Manufacturing Business, then contact NPCS. The project report from Entrepreneur India enables you to choose a profitable project for investing in or diversifying into by shedding light on crucial areas including business size, the product’s market potential, and the motivations behind investing in the product. By defining the target client organisation for the product, the study helps you promote and position it effectively.
Watch other Informative Videos: How to Start HDPE Pipes Manufacturing Industry.
Click here to send your queries/Contact Us
Reasons for Buying NIIR Report:
- Our research report helps you get a detailed picture of the industry by providing an overview of the industry along with the market structure and classification.
- Our report provides market analysis covering major growth driving factors for the industry, the latest market trends and the regulatory framework of the industry.
- Our Report provides an analysis and in-depth financial comparison of major Players / Competitors.
- Our Report provides indispensable buyers' data with their company financials as well as the contact details, which can be an important tool in identifying the target customers.
- Our report provides forecasts of key parameters which help to anticipate the industry performance.
- We use reliable sources of information and databases. And information from such sources is processed by us and included in the report.
See More Links:
- Start a Business in Asia
- Start a Business in Potential Countries for Doing Business
- Best Industry for Doing Business
- Business Ideas with Low, Medium & High Investment
- Looking for Most Demandable Business Ideas for Startups
- Startup Consulting Services
- Start a Business in Africa
- Start a Business in India
- Start a Business in Middle East
- Related Videos
- Related Books
- Related Projects
- Related Market Research Reports
DPP_20Art22