Most Profitable Industry to Launch Startups
Profit-Making Business for Startups- Disposable Plastic Syringes with Needles, NPK Fertilizer & Calcium Ammonium Nitrate, Fiber Optical Cables, Synthetic Camphor Powder, Humic Acid, Curcumin Extraction Unit, Ginger Oil.
Are you searching for manufacturing business ideas? If you have sizeable money to invest and a more risk-taking ability, starting a business is a good decision. Product manufacturers can generate new value, minimize costs, and increase operational stability by focusing and prioritizing on four broad areas: production, product design, value recovery, and supply-chain management. Thinking about stepping into manufacturing industry business, you need to consider the option of starting on a limited size production. Starting with the making of essential components of the various industries. Once you set up things well, you could choose to start an industry and gradually become the giant of the industry.
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Curcumin is the main biologically active photochemical compound of Turmeric. It is extracted, concentrated, standardized and researched. Curcumin, which gives the yellow color to turmeric, was first isolated almost two centuries ago, and its structure as diferuloylmethane was determined in 1910. Extensive research within the last half a century has proven that its renowned range of medicinal properties, once associated with Turmeric, is due to Curcumin.
Turmeric is a spice derived from the rhizomes of Curcuma long, which is a member of the ginger family (Zingiberaceae) and a gold-colored spice commonly used in the Indian subcontinent, not only for health care but also for the preservation of food and as a yellow dye for textiles. Rhizomes are horizontal underground stems that send out shoots as well as roots.
Curcumin is extracted and researched for its renowned range of health-related and disease-preventing medicinal properties. Purification from 95% to 100% curcumin does not increase bioavailability of curcumin but the manufacturing costs are substantially higher. Hence 95% purity is available in markets.
Curcumin is widely used to colour many foods. The Draft Codex General Standard for Food Additives provides an extensive list of such foods. Curcumin is listed for use in dairy products, fats, oils and fat emulsions, edible ices, fruit and vegetable products, confectionery, cereal products, bakery wares, meat and meat products, fish and fish products, eggs and eggs products, spices, soups, sauces and protein products, foodstuffs intended for particular nutritional uses, beverages, ready-to-eat savories and composite foods. Use levels of curcumin are in the range from 5 to 500 mg/kg depending on the food category.
Global cancer drugs market has surpassed USD 100 billion valuation in 2015 and may reach nearly USD 145 billion by 2024, with U.S. being the major consumer. U.S. herbal dietary supplements market was over USD 6 billion valuation in 2015, with estimated gains at over 7.5%. Rise in consumer awareness related to over the counter availability owing to favorable government regulations should enhance curcumin demand.
Curcumin production is mainly concentrated in India exceeding 78% of the global output. Changeable turmeric prices owing to unseasonal rainfall and environment hazards may impact curcumin market price trend.
Pharmaceutical applications accounted for over 52% of the global curcumin market share. Effective and positive results from various diseases such as Alzheimer and gastric ailments are major reasons driving curcumin based supplements demand. Over the counter availability and approval from government should positively influence product demand in pharmaceutical market. Increasing application scope in food & beverages owing to rise in demand for natural colorant substance are another lucrative factor to favor product demand. However, large availability of synthetic colorant substance may restrain the market growth. Other potential applications include cyanide detection, solar PV and textiles.
Ginger, one of the most important and oldest of spices used in every kinds of food preparation. The rhizomes known in the trade as hand or races reach the spice trade either, with the outer cortical layers intact (Coated unscripted ginger) or with the outer coating partially or completely removed. Ginger products, such as ginger oil is internationally commercialized for use in food and pharmaceutical processing. To improve their appearance some grades of ginger are bleached by various means by liming.
Ginger oil is used in the treatment of fractures, rheumatism, arthritis, bruising, carbuncles, diarrhea, colic, cramps, nausea, hangovers, travel and sea sickness, colds and flu, sores on the skin, sore throat, catarrh, congestion, coughs, sinusitis, chills and fever. Ginger oil is a seasoning and flavors sweets, including cakes, cookies, breads, and beverages. Also used in lot of perfumery creation and blending with other essential oils.
Ginger oil market is segmented on the basis of its applications in different industries as food and beverage industry, pharmaceutical, personal care industry and other applications. In food and beverage industry ginger oil is used for flavor and seasoning purpose, in confectionery beverages and bakery products .it is widely used as flavor for cake, cookies and biscuits, ginger snaps etc. In non-alcoholic beverages ginger oil market demand is high. Due to its medicinal properties ginger oil is being used in treatment of several disease conditions since long time. Looking at several applications of ginger oil in treatment of stomach problem such as nausea and vomiting, diarrhea, food poisoning, gastric ulcer, headache, asthma, migraine, inflammation and many more conditions, ginger oil is used in various pharmaceutical products. Ginger oil is essential in hair care for curing dandruff and used in personal care products. As ginger oil is stimulating and therefore relieves depression, mental stress, dizziness, exhaustion, restlessness and anxiety, thus used in aromatherapy and Ayurveda.
Ginger oil market is further segmented on basis of extraction methods such as steam distillation and solvent extraction. Solvent extraction is used for the extraction of ginger oleoresin, and steam distillation is used to get ginger essential oil.
The global ginger oil market is expected to grow at a CAGR of 9.41% over the forecast period to reach a total market size of US$189.431 million by 2025, increasing from US$110.435 million. Ginger oil is a kind of concentrated essential oil that is extracted from the ginger rhizome through a distillation process. Ginger oil has a warm, strong, and spicy aroma and it is useful for aromatherapy. Ginger oil is spicy and warming oil that comforts and stimulates the skin, body, and psyche. It is a flowering perennial and is considered as more gainful because of its higher Gingerol content, a constituent that is most reputable for its antioxidant and anti-inflammatory properties.
Disposable Plastic Syringes with Needles Manufacturing
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. The constantly increasing use of this type Syringe indicates its importance which is based mainly on the advantages it offers regarding cost and hygienic applications. The manufacture of plastic syringes has been developed to such a degree that the products now satisfy the requirements and standards set by Hospital and physicians. At the same time they offer the best possible technique of application to the physician and the highest possible degree of safety to the patient.
Disposable needles are becoming more popular in the medical world due to its lower cost and higher accuracy. The procedure is also relatively easy and cheaper. The disposable needle has widely replaced hypodermic needle because of lower cost, easy compatibility and higher sterilization. Disposable needle is widely used by doctors for injection purpose with the help of syringes. With the increase in population in our country, requirement of medicine and injections has increased. A syringe is a medical device used for injecting fluids into the body, or to withdraw fluid from the body. A typical medical syringe has a needle attached to a hollow cylinder, which is fitted with a sliding plunger. By pushing the plunger in downward movement, the fluids are injected in a body, and retracting the plunger in upward direction extracts fluids from the body.
The global prefilled syringes market size is expected to reach a value of USD 22.5 billion by 2025, according to a by Grand View Research, Inc. The market is estimated to expand at a CAGR of 11.2% during the forecast years. Growing usage of prefilled syringes and technological advancements in auto-injectors are the key factors driving the market. These syringes enable easy management of chronic diseases, such as diabetes and rheumatoid arthritis, which is expected to boost the usage of auto injectors and pen injectors during the forecast period. Thus, growing prevalence of diabetes and other chronic diseases would fuel the market demand over the next few years. The introduction of advanced devices with Wi-Fi and Bluetooth connectivity facilitating effective management of patient health records is also expected to boost the product demand.
The global syringe market is expected to witness robust growth owing to several factors such as rise in demand for pre-filled syringes, growing prevalence of chronic diseases such as diabetes, increase in usage of Botox for therapeutic applications. Moreover, the growing number of vaccination and immunization programs are expected to drive strong volume growth over the next few years. Increased adoption of inject able drugs, technological advancements in syringes, increase in geriatric population and increase in demand for vaccination are some of the other factors contributing to the growth of the market.
NPK Fertilizer & Calcium Ammonium Nitrate
Fertilizers are used daily by farmers and families to help crops and gardens grow. Whether for a small garden of flowers and plants, or a large farm with thousands of acres of crops, a wide range of fertilizers have been developed to help different crops grow in different soil and weather conditions.
Chemical ingredients help create fertilizers that promote plant growth and are cost effective, too. Commercial and consumer fertilizers are strictly regulated by both individual states and the government to ensure that they are safe for the people who use them, people nearby, and the surrounding environment.
The India Fertilizer Market is a consolidated market with major players such as Coromandel International Limited, Indian Farmers Fertilizer Cooperative (IFFCO), Fertilizers and Chemicals Travancore (FACT), Deepak Fertilizers Limited and Chambal Fertilizers Limited, among others. The market is fragmented with a mix of government-owned and co-operatives garnering a high market share in the straight and complex fertilizer space and private companies engaged in a high degree of product innovation to tap the non-subsidy space.
The NPK grade with the highest count in the new CRU fertilizer grade database is 15-15-15. As it dominates the other unique 1200 grades, it is unlikely to be challenged in 2020. Perhaps surprisingly, the second and third most offered grades from the database are NPK 18-18-18 and 20-20-20, both of which are water-soluble.
A fiber cable is a structure for enclosing a fiber to enable it to maintain its performance for sufficient time in the operating environment in which it is required to work. One might envisage undemanding applications where a fiber with a simple coating might be perfectly adequate and would provide a high capacity cable of very small dimensions. However, cables more commonly have to operate in environments where a fiber with so little protection could not be expected to survive for long, even if it is possible to introduce the fiber into the environment without breakage. In general, then, we are concerned with a much sturdier structure.
The cable will be required to withstand the forces upon it during storage, installation, and operation. During storage or transit it may be subjected to considerable heat from solar radiation, to extreme cold, and to rain or very high humidity. The global fiber optic cable market was valued at USD 7,578.1 million in 2019, and it is expected to reach USD 16,390.6 million by 2025, registering a CAGR of 14.5% during the period, 2020-2025. Increasing demand in FTTX and telecommunications industry and technological advancements are primarily responsible for the increased growth of the market.
Major telecommunication operators and government authorities have delayed the installation of fiber optic cables on account of the spread of the COVID-19 pandemic, leading to the postponement of testing services. COVID-19 will lead to a sharp decrease in wire and cable demand globally throughout 2020 owing to the reduction in fixed investments, industrial activities, and private consumption. The US, China, and Europe have announced delays in 5G rollouts, with optical fiber cabling demand is likely to fall in 2020. Hence, this is going to impact the installation of fiber optic cables, leading to a decrease in their demand across the world.
Camphor is a waxy, flammable, white or transparent solid with a strong aroma. It is a torpedoed with the chemical formula C10H16O. It is found in the wood of the camphor laurel (Cinnamomum camphora), a large evergreen tree found in Asia and also of the unrelated kapur tree, a tall timber tree from the same region. It also occurs in some other related trees in the laurel family, notably Ocotea usambarensis. The oil in rosemary leaves (RosmarinusOfficinalis), in the mint family, contains 10 to 20% camphor, while camphorweed (Heterotheca) only contains some 5%. Camphor can also be synthetically produced from oil of turpentine. It is used for its scent, as an ingredient in cooking, as an embalming fluid, for medicinal purposes, and in religious ceremonies.
Synthetic camphor is a plasticizer in paints and lacquers, and it stabilizes smokeless gunpowder pyrotechnics. For personal applications, synthetic camphor is found in such pharmaceuticals as antipruritic and anti-infective as well as in rubefacient medications that relieve pain and itching. It is also an ingredient in over-the-counter medications like cough remedies and tear drops. Used in the manufacture of cellulose nitrate, polyvinyl chloride and plastics.
The global market for synthetic camphor is estimated to be valued at US$ 322.3 MN by the end of 2018 and is expected to reach a market value of US$ 571.6 MN by the end of 2028, expanding at a CAGR of 5.9% over the forecast period. The global market is anticipated to represent incremental opportunity worth US$ 249.3 MN between 2018 and 2028.
A syringe is a simple piston pump consisting of a plunger that fits tightly in a tube. The plunger can be pulled and pushed along inside a cylindrical tube (the barrel) allowing the syringe to take in and expel a liquid or a gas through an orifice at open end of the tube. The open end of the syringe may be fitted with a hypodermic needle (a hollow needle commonly used with a syringe to inject substances into the body or extract fluids from it), a nozzle or tubing to help direct the flow into and out of the barrel.
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. 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 commonly are used in modern medicine for the injection of drugs and vaccines or for the extraction of blood. Among the common uses of disposable syringes are the injecting of insulin by a diabetic person and the administering of a local anesthesia by a dentist. A medical syringe that is used to give shots to more than one person without being properly sterilized is a potential source of disease. This can be an especially pressing concern in poor or undeveloped areas, where an injection often cannot be given under ideal medical conditions.
The syringe market is expected to witness a robust growth owing to several factors, such as the rise in the demand for pre-filled syringes, growing prevalence of chronic diseases, such as diabetes, infectious diseases and cardiovascular diseases and the increase in the usage of Botox for therapeutic applications. Moreover, the increased adoption of inject table drugs, technological advancements in syringes, the increase in the geriatric population, growing number of vaccination and immunization programs are expected to drive the volume growth over the next few years.
The Disposable Syringes market was valued at USD 7.10 billion in 2019 and is predicted to grow at a CAGR of 6.1% during the forecast period and is anticipated to reach USD 12.91 Billion by 2027. The growth of the market is attributed to growing prevalence of chronic diseases, especially diabetes, an increase in the usage of Botox, increased adoption of inject table drugs, technological advancements in syringes, an increase in the geriatric population, a growing number of vaccination and immunization programs. Based on the WHO estimates, 16 billion injections are administered each year globally. A Disposable Syringes is a medical tool used to administer injections of intravenous drugs into the patient’s blood stream or to draw blood sample.
Humic acid is a principal component of humic substances which are the major organic constituents of soil (humus), peat, and coal, many upland streams, dystrophic lakes and ocean water. It is produced by biodegradation of dead organic matter. It is not a single acid, rather, it is a complex mixture of many different acids containing carboxyl and phenol ate groups so that the mixture behaves functionally as a dibasic acid or, occasionally, as a tribasic acid. Humic acids can form complexes with ions that are commonly found in the environment. Humic and folic acids are commonly used as a soil supplement in agriculture, and less commonly as a human nutritional supplement. As a supplement, folic acid is found in a liquid form with colloidal minerals.
Agriculture: with high content of organic matters, natural Humic acid is the best additive for the organic fertilizer, raw material for hamates based fertilizers and also can be used as soil ameliorator, plant growth stimulator and fertilizer improver.
Industry: used as oil drilling fluid stabilizer, cement and ceramic additive, wastewater treatment agent, cathodal plate additive for accumulator.
The global humic acid market is on track to grow to reach a market value of USD 973.06 Mn by the end of 2023. Humic acid is derived from Humic matter which is the result of chemical and biological mummification of plant and animal matter in tandem with microorganism activities. Humic acid is rich in essential nutrients, vitamins, and trace minerals which is immensely beneficial for the soil and can also be used in dietary supplements.
Due to this farmers are increasingly employing the use of Humic Acid to enrich the soil and promote a healthy ecological balance which will, in turn, increase crop yield. Humic Acid not only has several benefits to the soil but can make up a key component of animal feed. Humus supplements increase milk production and increase nutrient absorption to increase feed efficiency in dairy cattle. Humic Acid can also help improve immune function and keep an animal healthy which, in the long run, can drastically reduce operational costs. With the rising demand for meat and milk, the meat industry has been booming, and this has resulted in an increased demand for Humic Acid for animal feed applications.
In agricultural applications, the inconsistent quality of humic products may hinder the growth of the Global Humic Acid Market. Moreover improper use of Humic Acid can have bad effects on the soil and plant growth. However, rising applications in wastewater treatment, as well as the use of Humic Acid as organic anodes for lithium and sodium ion batteries are expected to provide the market with high potential for future growth.