Do you want to begin your own new company? You can start it now. Do not be misled about the choice of the enterprise or market field. Company has their advantages and disadvantages, their best business plans to make profits. It's for which company you're passionate and eager to break it down. Your ability to establish your goal still matters a lot. You should be sufficiently optimistic to apply your skills and meet the obstacles ahead. In addition, let's explore a few small and profitable business concepts that will surely bring positive benefits!
The Beverage Industry
1. Non-alcoholic Beverage Business
Because of its fast supply, consumption and comfort, India packed juice market has charted a strong growth trajectory. The fruit-based drink segment for the beverage industry has risen to over 30 percent in the past decade and is one of the fastest rising categories.
The world demand in drinks without alcohol is expected to rise by 4.7% during the projected timeframe at CAGR (2021-2026).
In order to supplement wellbeing without changing flavour, booming demand for functional drinks drifts the non-alcoholic market.
Finding the right startup business is one of the most popular subjects today. Starting a business is no easy endeavor, but the time, effort, and challenges can be worth it if you succeed. To give yourself the best chance to be successful, take your time to carefully find the right business for you.
Visit the site for sorting out the questions arising in your mind before starting any business and know which start-up you can plan for at https://www.entrepreneurindia.co/project-identification.
We, at NPCS, endeavor to make business selection a simple and convenient step for any entrepreneur/startup. Our expert team, by capitalizing on its dexterity and decade's long experience in the field, has created a list of profitable ventures for entrepreneurs who wish to diversify or venture. The list so mentioned is updated regularly to give you a regular dose of new emerging opportunities.
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2. Fertilizer Business
India is the world’s second largest producer of fertiliser with more than 55.0 million metric tonnes of annual demand. Urea is one of the country’s most consumed fertilisers as a source of nitrogen among the many fertilisers used in India. Urea consumption was 29.0 million metric tonnes in the country by March 2018. DAP is the country’s second often used fertiliser. In India, overall production of Urea was 20.7 million metric tonnes, according to the Department of Fertilizers, and in 2017 DAP was 14.6 million tonnes, up 1.36 percent from 2016.
In the prediction timeframe, the India fertiliser market is expected to record a CAGR of 11.9% (2021-2026).
In February 2019, a strategic alliance was revealed with Agrinos by Coromandel International. The collaboration helps Coromandel to expand its full range of pant nutritional solutions, organic fertiliser and nutrients. In collaboration with Agrinos, Coromandel will sell producers, under the ARITHRI brand, high-tech inputs.
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3. Sanitary and Feminine Hygiene Market
This business can never go down as sanitary and feminine hygiene can never be compromised. As long as health is concerned, the products are of great value for women in particular and forms an essential part in their lives.
The demand for female hygiene products has been estimated at INR 32,66 Bn in 2020 and will increase by ~16,87 percent in the 2021-2025 timeframe to a component annual growth rate (CAGR), reaching INR 70,20 billion by 2025.
Enhanced knowledge of female grooming and the advantages of using personal care hygienic goods promote the growth of the industry. Government menstrual literacy programmes among women and teenage girls also encourage the sector.
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4. Paints and Coatings Business
The Indian demand for paints and coatings is expected to have increased significantly in the projected timeframe, by around 8% at CAGR. In combination with the infrastructure operations, the increasing growth in the building sector drives demand for the sector examined.
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In addition, acrylic resins produce properties in coating solutions such as clarity, high colourability and UV resilience. They are also commonly used in waterborne systems that produce low emissions of VOCs. The use of acrylic resin results in high hardness in the surface. Acrylic coatings provide elastomeric finishes for certain applications such as walls, decks and roofing to increase surface UV resistance for certain fluids.
5. Cosmetic Industry
Cosmetics and beauty are something women love always. It is very important nowadays, and almost every girl loves makeup. The business has got a kick in past few years and has continued growing.
The India Cosmetics market, estimated in FY2020 at USD 1319123 million, is expected to rise by USD 28985.33 million in FY20026 at double digit CAGR of 1639 percent.
Anticipated demand growth can be due to increased discretionary revenue that leads to increased people's buying power. Another main fact which is projected to push the cosmetics market during the prediction period will be the emergence of online shopping and the growing tendency of youth towards skin care and other toiletries.
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NPCS has served hundreds of thousands of clients, our experience in Techno-economic feasibility report, integrated market study, Pre-feasibility study, and Comprehensive market survey for estimating the potential for Products, combined with our deep understanding of engagement issues across a wide array of industries, has resulted in an extensive and rich portfolio.
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