Most Profitable Industries for Startup Your Own Business. Fiberglass Wool Ceiling Tiles, Helmet Manufacturing, Dal Mill (Roasted Gram Split, Dal & Chana), Ply Board from Poplar & Eucalyptus Wooden Logs, Wood Plastic Composite (WPC).

Coming up with a brilliant business idea is just the start of your entrepreneurial journey. The best startup business ideas are critical to the success of your business. People nowadays pursue their passions rather than their careers. They are constantly on the lookout for the best startup business ideas to fuel their passion. They don't want to retire when they're 60 years old. Instead of earning a high salary and living in big cities, they seek happiness index.

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Millions of people today aspire to start their own company instead of working a conventional 9-to-5 job. During their working lives, the majority of people would chase two or three carriers. Working for yourself is one of the most satisfying things in the world. While running your own company can be challenging, it is rewarding because the effort you put in benefits you individually rather than anyone else.

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Fiberglass Wool Ceiling Tiles

A secondary ceiling, hung below the primary (structural) ceiling, is known as ceiling tiles. It's also known as a drop ceiling, T-bar ceiling, false ceiling, suspended ceiling, grid ceiling, drop in ceiling, drop out ceiling, or ceiling tiles, and it's a popular choice for both residential and commercial construction.

Ceiling tiles are a lightweight construction material that can be used in a variety of places, including buildings, grocery stores, offices, hotels, hospitals, and drywall grid systems. Excellent sound absorption, light reflectance, clean aesthetics, fire and sag resistance, thermal insulation, and longevity are just a few of the benefits they provide. They are currently being favoured over their alternatives due to their lower environmental impact, waste logistics advantage, and recyclability.

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Factors such as rising urbanization and industrialization rates, large-scale spending on green-building projects, and rising demand for new residential structures across various countries are currently driving the sector. The global ceiling tiles market developed at a CAGR of about 5.3 percent from 2016 to 2020.

Helmet Manufacturing

A motorcycle helmet (protective headgear) is a type of helmet worn by motorcycle riders. The primary purpose of a motorcycle helmet is to shield the rider's head during an impact, thus avoiding or minimising head injury and potentially saving the rider's life. Ventilation, face masks, ear protection, intercom, and other features are included on some helmets.

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The most critical piece of safety gear to wear when riding a motorcycle is a motorcycle helmet. An outer shell, an impact-absorbing liner, comfort padding, and a strong retention system all work together to provide protection in a motorcycle helmet (Chin strap). If you hit your head hard enough, both the shell and the lining compress, distributing the impact forces across the helmet.

India is a country in South Asia. The demand for two-wheeler helmets is expected to expand between 2020 and 2024. Via 2022, India's two-wheeler helmet market is expected to rise at a CAGR of around 25%. Carbon fibre helmets, air cooled technology in helmets, anti-glare visors, push button and helmet lock features, and a growing number of helmet manufacturers and safety rules are examples of innovation.

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Dal Mill (Roasted Gram Split, Dal & Chana)

Pulses, as the most popular diet component of Indian families, require special attention in the form of pulse grain production on farms, which is also likely to see a breakthrough. A pulse grain is made up of two sections that are separated by a continuous enclosing layer known as husk or peels.

Related Project: Dal Mill (Pulses)

The most desired type of dal to be cooked for families is to remove the peels and break the pulse grains into two parts. Chickpea plants grow 20-25 cm tall and have feathery leaves on both sides of the stem. In 2019, the Indian pulses market reached a volume of 27.5 million tonnes. Vegetarians account for a sizable portion of the Indian population, and pulses are the primary source of protein in their diets.

Pulses are high in carbohydrates, vitamins, minerals, fatty acids, dietary fibres, and other nutrients. In addition, India's wide customer base is a major driver of the pulses industry. India's population is forecast to surpass 1.5 billion by 2030, up from 1.3 billion in 2018.

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Ply Board from Poplar & Eucalyptus Wooden Logs

Ply Board is a type of board made from wood or wood-like raw materials that is commonly used to make ply board. Ply board is commonly used in the construction of wooden base furniture nowadays. Ply board can be made from poplar and eucalyptus wood logs. Plywood is a construction material made up of veneers (thin wood layers or plies) glued together.

Poplar is a common option for interior projects, and it's always in stock at all of Builder's locations. The heartwood of poplar boards is white/ivory in colour, with green or brown lines running through it. Furthermore, the wood has a straight grain and a consistent texture. It has a medium density, which makes it ideal for painting and glueing.

In 2019, the Indian plywood market was valued at US$ 4.5 billion, and in 2020, the market will be worth INR 222.5 billion. Plywood is made up of thin layers of wood veneers that are glued together with strong adhesives. By 2027, the global plywood industry will be worth $5 billion, with a CAGR of 7.9% from 2020 to 2027. Hardwood, one of the segments studied, is expected to rise at an annual rate of 8.2 percent, reaching US$58.8 billion by the end of the study period.

Wood Plastic Composite (WPC)

Wood-plastic composites (WPCs) are a product category that has grown in popularity over the last 40 years, with more applications and market share. WPCs are composites that contain a wood component in the form of particles (wood particles/wood flour) and a polymer matrix.

Related Project: Wood Plastic Composite (WPC)

From part and product prototyping to outdoor decking, they're used in a range of structural and non-structural applications. When compared to a solid plastic product, wood is often used in plastics to save money. Wood used in WPCs is mostly sourced from byproducts of the timber industry, such as sawdust, or recovered wood products, and is much less expensive to manufacture than the plastic it substitutes in many products.

This often aids in the reduction of consumer prices. From 2016 to 2021, the wood-plastic composites market is expected to develop at a CAGR of 12.4%, reaching USD 5.84 billion. The wood-plastic composites market has been divided into four categories based on application: building & construction products, automotive parts, industrial & consumer goods, and others.

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ABOUT NPCS

NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report, Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

And before diversifying/venturing into any product, wish to study the following aspects of the identified product:

Good Present/Future Demand
Export-Import Market Potential
Raw Material & Manpower Availability
Project Costs and Payback Period

We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

Reasons for buying the report:

This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.
This report provides vital information on the product like its definition, characteristics and segmentation.
This report helps you market and place the product correctly by identifying the target customer group of the product.
This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.
The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

The report contains all the data which will help an entrepreneur find answers to questions like:

Why I should invest in this project?
What will drive the growth of the product?
What are the costs involved?
What will be the market potential?

The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product. The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.

Our Approach:

Our research reports broadly cover Indian markets, present analysis, outlook and forecast.
The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players.
We use reliable sources of information and databases. And information from such sources is processed by us and included in the report.

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

Introduction

Project Introduction
Project Objective and Strategy
Concise History of the Product
Properties
BIS (Bureau of Indian Standards) Provision & Specification
Uses & Applications

Market Study and Assessment

Current Indian Market Scenario
Present Market Demand and Supply
Estimated Future Market Demand and Forecast
Statistics of Import & Export
Names & Addresses of Existing Units (Present Players)
Market Opportunity

Raw Material

List of Raw Materials
Properties of Raw Materials
Prescribed Quality of Raw Materials
List of Suppliers and Manufacturers

Personnel (Manpower) Requirements

Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

Plant and Machinery

List of Plant & Machinery
Miscellaneous Items
Appliances & Equipments
Laboratory Equipments & Accessories
Electrification
Electric Load & Water
Maintenance Cost
Sources of Plant & Machinery (Suppliers and Manufacturers)

Manufacturing Process and Formulations

Detailed Process of Manufacture with Formulation
Packaging Required
Process Flow Sheet Diagram

Infrastructure and Utilities

Project Location
Requirement of Land Area
Rates of the Land
Built Up Area
Construction Schedule
Plant Layout and Requirement of Utilities

Project at a Glance

Assumptions for Profitability workings	Plant Economics
Production Schedule
Land & Building Factory Land & Building Site Development Expenses
Plant & Machinery Indigenous Machineries Other Machineries (Miscellaneous, Laboratory etc.)
Other Fixed Assets Furniture & Fixtures Pre-operative and Preliminary Expenses Technical Knowhow Provision of Contingencies
Working Capital Requirement Per Month Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store
Overheads Required Per Month And Per Annum Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses
Salary and Wages	Turnover Per Annum
Share Capital Equity Capital Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals Revenue/Income/Realisation Expenses/Cost of Products/Services/Items Gross Profit Financial Charges Total Cost of Sales Net Profit After Taxes Net Cash Accruals
Annexure 3 :: Assessment of Working Capital requirements Current Assets Gross Working. Capital Current Liabilities Net Working Capital Working Note for Calculation of Work-in-process
Annexure 4 :: Sources and Disposition of Funds
Annexure 5 :: Projected Balance Sheets ROI (Average of Fixed Assets) RONW (Average of Share Capital) ROI (Average of Total Assets)
Annexure 6 :: Profitability ratios D.S.C.R Earnings Per Share (EPS) Debt Equity Ratio
Annexure 7 :: Break-Even Analysis Variable Cost & Expenses Semi-Var./Semi-Fixed Exp. Profit Volume Ratio (PVR) Fixed Expenses / Cost B.E.P
Annexure 8 to 11:: Sensitivity Analysis-Price/Volume Resultant N.P.B.T Resultant D.S.C.R Resultant PV Ratio Resultant DER Resultant ROI Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status Equity Capital Preference Share Capital
Annexure 13 :: Quantitative Details-Output/Sales/Stocks Determined Capacity P.A of Products/Services Achievable Efficiency/Yield % of Products/Services/Items Net Usable Load/Capacity of Products/Services/Items Expected Sales/ Revenue/ Income of Products/ Services/ Items
Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit	Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses	Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges	Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses	Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits	Annexure 35 ::Projected Pay-Back Period And IRR