10 Profitable Manufacturing businesses You Can Start Under 15 Lakhs

Are you struggling to find a good manufacturing business? Those products are in demand in the market and can sell those products easily, then these manufacturing businesses are for you. If you start these businesses, you can also export to another country so that you can generate more profit margin and revenue. If you choose a business from here then 15 lakhs rupees is enough for starting a business and generating good revenue. Read this blog post completely and choose according to your convenience.

10 Manufacturing Businesses to Start with 15 Lakhs

Food Processing

Food-Processing

    Analysis: The evergrowing demand for packaged food, coupled with government initiatives like “Make in India,” makes this a goldmine. Consider options like spices, pickles, jams, or regional delicacies for flexibility and lower initial investment.

    Market Size: The Indian packaged food market is expected to reach 3.4 billion U.S. dollars by 2027 (Source: Statista).

    Future Prediction: With a rising new generation addicted to convenience, this business is poised to skyrocket.

    Challenges: Navigate FSSAI regulations, shelf life management, and competition from established players.

    Initial Investment: Ranges from INR 10 lakhs to crores, depending on scale, product type, and location.

 

Ecofriendly Products

Paper Products

    Analysis: Ride the sustainability wave with products like paper bags, bamboo items, or organic soaps. Low investment, high margins, and government support make this an attractive option.

    Market Size: The Indian ecofriendly packaging market is projected to reach USD 7.5 billion by 2028 (Source: Mordor Intelligence).

    Future Prediction: As environmental awareness grows, focus on innovation and quality to stand out in a competitive market.

    Challenges: Build brand awareness, compete with cheaper alternatives, ensure consistent quality.

    Initial Investment: Varies widely (10,000 to crores) depending on the product.

 

Apparel Manufacturing

Apparel

Analysis: With a market valued at USD 76.8 billion in 2023, the apparel industry offers opportunities in niche segments like ethnic wear or sports apparel.

    Market Size: Projected to reach USD 145.3 billion by 2028 (Source: Mordor Intelligence).

    Future Prediction: Personalization and niche segments are key drivers, but beware of intense competition.

    Challenges: Navigate seasonal fluctuations, dependence on skilled labor, and rising fabric costs.

    Initial Investment: ₹20 lakhs to crores, based on scale, production type, and location.

 

Handicrafts and Artisan Products

Handicrafts

    Analysis: Leverage local skills and materials for unique products with high margins and government support.

    Market Size: Estimated at USD 35 billion in 2023, projected to reach USD 50 billion by 2028 (Source: Invest India).

    Future Prediction: Growing appreciation for traditional crafts and government initiatives will boost demand.

    Challenges: Ensure consistent quality, scale production without compromising individuality.

    Initial Investment: Ranges widely from ₹50,000 to crores, depending on scale and scope.

 

Furniture Manufacturing

Furniture

    Analysis: Rising urbanization fuels demand for affordable, custom furniture. Plywood, metal, or reclaimed wood options offer varying investment levels.

    Market Size: Valued at USD 30 billion in 2023, projected to reach USD 50 billion by 2028 (Source: Invest India).

    Future Prediction: Focus on custommade furniture, sustainable materials, and online sales platforms.

    Challenges: Navigate intense competition, manage seasonal trends, and logistics costs.

    Initial Investment: ₹10 lakhs to crores, influenced by scale, materials, and location.

 

Bakery and Confectionery

Bakery and Confectionery

    Analysis: With the Indian bakery market estimated at INR 12,000 crore in 2023, focus on premium baked goods or specialized sweets.

    Market Size: Projected to reach INR 22,000 crore by 2028 (Source: Mordor Intelligence).

    Future Prediction: Diversify bakery foods and leverage social media for marketing.

    Challenges: Manage perishable ingredients, competition from established brands.

    Initial Investment: ₹10 to ₹15 lakhs for a basic setup.

 

Agro-processing

Agro-processing[1]

    Analysis: Tap into India’s vast agricultural potential by processing fruits, vegetables, or spices into value-added products.

    Market Size: Estimated at INR 8.8 lakh crore in 2023, projected to reach INR 25 lakh crore by 2028 (Source: Invest India).

    Future Prediction: Focus on organic options for market growth.

    Challenges: Address seasonality, maintain quality and hygiene.

    Initial Investment: Smallscale units can start with as little as ₹10 lakhs.

3D Printing

3D Printing

    Analysis: An emerging technology with applications in prototyping and smallscale manufacturing, offering high margins.

    Market Size: Projected to reach $85.62 billion by 2028 at a CAGR of 22.7% (Source: Grand View Research, 2023).

    Future Prediction: Positioned as a futureproof business, demand for 3D printing services is on the rise.

    Challenges: High initial investment, limited awareness.

    Initial Investment: Ranges from ₹25,000 to ₹50 lakhs+.

 

Light Engineering Products

Light Engineering Products

    Analysis: Steady demand for small metal parts with a relatively low investment and potential for local supply chain connections.

    Market Size: Global estimates range from USD 1.5 trillion to USD 2.5 trillion.

    Future Prediction: Personalize and innovate with nextgen materials for futureproof light engineering.

    Challenges: Address competition, quality standards, and market demand fluctuations.

    Initial Investment: Spans ₹10 lakhs to crores, depending on scale, product type, machinery, and location.

 

Pharmaceutical Packaging

Pharmaceutical Packaging

     Analysis: Booming pharma sector demands reliable packaging solutions, offering opportunities for simple boxes, vials, or specialized labels.

     Market Size: Estimated to reach between USD 99.94 billion and USD 105.01 billion in 2023.

     Future Prediction: Focus on sustainability, tech integration, and niche solutions for the future of healthcare.

     Challenges: Navigate stringent regulatory compliance, competition from large players.

     Initial Investment: Ranges from ₹510 lakhs to ₹50 – 100 lakhs+, depending on the complexity of packaging.

 

Conclusion

 

If you facing issues in generating sales, then you have to go on digital marketing. If you don’t use the online method in this generation, your business will be underrated no matter how good your product is.

18 Demanding and Profitable Business Ideas Under 25 Lakhs

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