Biodegradable Bags (from Cassava Starch Granules): Business Ideas in Biodegradable Packaging Industry

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Cassava bags are created by making PLA (Poly (lactic acid) or Polylactic acid or Polylactide (PLA) is a biodegradable and bioactive thermoplastic aliphatic polyester that emerged from renewable biomass, generally from fermented seed starch such as from corn, cassava, sugarcane, or sugar beet pulp) These PLA resins (granules) are then put into a device (film blower machine) and create the bioplastic layers, then these bioplastics layers are fed into bag making appliance and cut bags.

Nowadays Petroleum-based plastics are widely obtained for marketable purposes. This category of plastic can take more than a century to degrade. Biodegradable bags formulate some factors like handy and easy disposability. The biodegradable bags are reusable & eco-friendly. One eco-friendly alternative to the current commercial plastic is “Bioplastics”.Cassava starch is used to prepare biodegradable bags which are highly degradable than conventional plastics. With the help of an easy process, we can easily prepare. We just need 10 kg of cassava starch, 46 kg of cassava tubers are needed. Along with cassava starch, glycerin, vinegar, and water is added to make a biodegradable bag.

Market Overview

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The market size of biodegradable bags is anticipated to gain US$ 6.12 billion by 2023 from US$ 3.02 billion in 2019, at a CAGR of 15.1%. Increasing income of people in rising economies, and high development in the agriculture & packaging & bags, and fabric industries are the key components propelling the biodegradable plastic demand. The biodegradable bags market is encountering significant growth globally, due to the change in consumer preference toward eco-friendly plastic bags and enhancing use in food packaging & compostable bags applications in rising markets. Man-made plastics have Polyurethane and Polyethylene polymers. It cannot be easily reduced by microorganisms as it isn't comprehended as food. When burned plastics release cancer-causing carcinogenic chemicals that are toxic to people and the environment. Thus people preferring the alternative of plastic and biodegradable bags will be a priority for people. The market is also growing as the increasing restrictions and prohibitions against plastic bags and other plastic commodities are driving the market, worldwide.

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Opportunities

India is projected to proceed to be the fastest-growing market for biodegradable plastics during the forecast period 2021-2026. The development of the biodegradable plastics market in APAC is associated with the simple availability of fresh materials used to produce biodegradable bags. The future growth of biodegradable bags in APAC highly expects awareness about the use of biodegradable plastics as an attainable option to traditional plastics and price decrease.

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The biodegradable bags market is rising at a substantial rate. Still, the increased cost of biodegradable bags than that of conventional bags is prohibiting development. Biodegradable bags are majorly preferred by the conscious community. Several governments focus on reducing the number of trash substances and boosting the use of biodegradable packaging substances. Also, the biodegradable bags expend less power during the manufacturing procedure and decrease the waste output rate by breaking down the chemical mixture only in 4-6 weeks. These are some of the main factors which are propelling the development of the biodegradable bags market.

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Conclusion

Niir Project Consultancy Services (NPCS) has created an outstanding report called "Biodegradable Bags: An Eco-Friendly Bags". According to the report, the biodegradable bags industry will be a growing industry in the forecast period due to various governments' focus on reducing the percentage of waste material and increasing the use of biodegradable packaging materials. This report will give you knowledge related to biodegradable bags and their market strategies. We discussed all the necessary information related to biodegradable bags. If you have any issues associated with this project, so contact our official NPCS website.

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#DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #industrialproject #entrepreneurindia #startupbusiness #BusinessIdeas #StartupBusinessIdeas #BusinessOpportunity #BiodegradableBags #Biodegradableproduct #EcofreiendlyBag

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