The world changed dramatically after the COVID-19 pandemic, and the effects of the pandemic also had an impact on the industrial sector. The industry has recovered quickly, despite the fact that the epidemic forced the partial closure of several production facilities.
India has had steady growth in its manufacturing sector ever since the second COVID-19 pandemic. The manufacturing sector reached a three-month high in July. IHS Markit reports that in July 2020, the Purchasing Managers’ Index (PMI) was 55.3, indicating continued growth in the wake of the pandemic.
The pandemic highlighted how critical it is to increase manufacturing’s economic share, as the service sector currently holds a dominant position. This has caused a large number of aspirant manufacturers and business owners to enter the market.
1.Production of food and drink
Producing food and beverages is yet another excellent concept for launching a small manufacturing company. This is a thriving, intricate industry where entrepreneurs must handle every aspect of the business, from manufacturing to retail to agriculture. Every year, the food and beverage industry generates billions of dollars worldwide and uses a lot of natural resources, such as energy, land, and water.
2.Handmade Paper Making
Another good small manufacturing business idea could be handmade paper, this has a positive impact on the environment as it focuses on sustainability and eco-friendliness. Businessmen make distinctive and appealing products such as greeting cards, stationery, and journals with the help of recycled materials. Producing handmade papers is a successful business as the world is serious about producing eco-friendly paper goods.
3.Personalised gift manufacturing
Individualised products are highly appreciated by consumers, particularly when they are given as gifts. A business selling personalised products, like mugs, prints, jewellery, and even home décor, can be launched.
It’s not difficult to start a business selling personalised goods as long as you have access to high-quality supplies and machinery, like 3D printers, embroidery machines, and engraving machines. To produce customised designs for their clients, they also require software and design expertise.
4.Textile producer
A few manufacturing business concepts that involve supplying other manufacturers would be nice. That’s deviating from the norm.
A textile-producing company creates textiles and other products using synthetic or natural fibres. The most popular types of textile fibres are: Cotton, Linen, Wool, and Silk
Many different goods, including apparel, upholstered furniture, and carpets, can be made with these fibres.
The process of creating a textile entails spinning the fibres into yarns, weaving or knitting the yarns into fabric, and finishing the fabric to give it the required characteristics. The final performance of the textile is influenced by the type of fibre, yarn, fabric construction, and finishing procedures.
5.Custom T-Shirt Printing
Custom t-shirt printing is a popular small manufacturing business idea that offers entrepreneurs the opportunity to tap into the lucrative apparel market. With custom t-shirt printing, businesses can create one-of-a-kind designs and products for a variety of customers, including individuals, schools, teams, and businesses.
To start a custom t-shirt printing business, entrepreneurs will need access to high-quality printing equipment, such as a heat press or screen printing machine. They will also need design software and graphic design skills to create unique designs for their clients.
6.Jewelry Making
Jewelry making businesses can specialize in a variety of jewelry types, including necklaces, bracelets, earrings, and rings.
To start a jewelry making business, entrepreneurs will need access to high-quality materials, such as beads, gemstones, and metal wire. They will also need specialized tools, such as pliers, wire cutters, and a jewelry saw.
Jewelry making businesses can sell their products through various channels, such as online marketplaces, social media, and local retail stores. They can also offer customized products for special events, such as weddings, birthdays, and other celebrations.
7.Eco-friendly Packaging Manufacturing
With growing concern for the environment, people are now looking for eco-friendly and sustainable packaging options. Hence, one of the opportunities in manufacturing that you can explore is eco-friendly packaging materials.
For this, it is important to study the market to understand what kind of eco-friendly packaging people are making. paper bags, cardboard boxes, biodegradable plastics, and others. Next understand the budget requirements, machinery requirements, and resources available to you. Prepare a detailed business plan and understand all the nitty-gritty.
Although the manufacturing industry is a rising one that is luring investors, getting started in the industry and running a manufacturing business is not that simple without assistance from specialists. Please register with pletheonconsulting if you intend to work in the manufacturing sector to gain access to vetted manufacturing consultants. We have finished more than 2,000 manufacturing consulting projects nationwide as of no. click on this link to now more ideas