There are many opportunities for entrepreneurs exploring the business manufacturing industry. Once the leader in business manufacturing, the U.S. was surpassed by China a decade ago. Many factors like federal policies and high labor costs contributed to the change in rank. The savvy entrepreneur knows that being second in the world hardly means that business manufacturing is dead. Although it is not as strong as it once was, the data shows that business manufacturing is a growing, lucrative industry. There are several lucrative industries with innovative opportunities for your production planning process. If you are an entrepreneur looking for a niche, read on for some high demand and profitable business manufacturing ideas.
Even with the push to conserve natural resources, like trees, the paper production business has no shortage of customers. It is true that we have become less reliant on paper in this digital age. But we still use it everyday at home, at the office and at school. With this type of reach, entrepreneurs will find that paper manufacturing is a resilient and profitable industry. If you are an entrepreneur without the financial resources to set up a paper production facility, you may want to consider using paper to manufacture other products like notebooks or notepads.
Cardboard Box Manufacturing
Entrepreneurs should not care “what’s in the box”—as long as there is one. Demand for cardboard boxes continues to increase with the majority of them being used in the food industry. Those of us who shop online see our packages arriving in a variety of shapes and sizes. Even the initiatives in place for green production have not stagnated the growth of the cardboard box manufacturing industry. Researchers predict this niche segment alone will reach $240 billion by 2021. Begin producing cardboard boxes for wholesalers. Entrepreneurs deliberating this venture should have strong financial resources in place.
Nuts and Bolts Manufacturing
There are an abundance of business manufacturing opportunities in nuts and bolts manufacturing. Fasteners like nuts and bolts, which can be made from metal or plastic, are widely used in many industries across the globe. We see them in the cars we drive, the houses we live in and the appliances we use. For this reason, manufacturing opportunities in nuts and bolts are consistently growing. There are no shortage of applications for these fasteners which is good news for entrepreneurs. Familiarity with mechanical engineering is a plus for entrepreneurs considering this business manufacturing idea.
Thermoform Molding Production
Many entrepreneurs are considering manufacturing opportunities in thermoform molding. Thermoforming is a versatile process involving sheets of plastic, heat, vacuum pressure and a mold. It is used for producing low quantities of rigid disposable plastic packaging and semi-permanent structures. For example, these structures can be found in household shower stalls or for other common residential purposes.Entrepreneurs do not need to invest in expensive equipment for this startup venture. Additionally, any waste from the process can be recycled for the next project. This decreases your need for waste management. Simultaneously, it reduces your business’s carbon footprint and total emissions.
LED Light Manufacturing
Advances in technology have curbed energy use by U.S. households over the last decade but the demand for lighting still exists. Like many of the industries highlighted in this post, the LED light manufacturing market spans across all sectors. Consumers are drawn to LED lighting for its cost-effectiveness and energy-efficiency. LED bulbs themselves have a lifespan of 50,000 hours—that is a life of 17 years if used eight hours per day! Entreprenuers looking into LED light manufacturing can always start small before investing a large amount of capital. The demand and market for LED lighting makes this a profitable venture for entrepreneurs.
Business manufacturing is alive and well today, and deserves attention from entrepreneurs. There are several ways that you can easily start your own industrial manufacturing business. Paper production allows entreprenuers to work towards conserving natural resources. Cardboard box manufacturing takes advantage of the incredibly popular shipping industry. Nuts and bolts manufacturing provides an opportunity that can be integrated into all sorts of devices. Thermoform molding processes support a number of systems found in our homes. Furthermore, LED lights helps power light appliances using energy-efficient technology. The capital intensiveness and scalability of business manufacturing vary from industry to industry. However, with access to global markets, most business manufacturing opportunities are extremely profitable.