New Delhi: Starting a corrugated cardboard box business in India can be a great idea for earning a good income. There’s a huge demand in the market from FMGC companies to e-commerce websites, which use them to transport their products. Therefore, the business has a lot of potential and you can utilise to not only earn profit but create an impression in the market.
Here are some simple steps and information on how to get started:
Business Idea Overview:
In recent times, the e-commerce market has been growing rapidly in India, and people prefer online shopping. This has created a demand for sturdy cardboard boxes for packaging and shipping. You can tap into this demand by starting a cardboard box manufacturing business.
To begin this business, you’ll need a substantial initial investment. You should consider installing a semi-automatic machine in a spacious area. The cost for a semi-automatic machine can range from 20 to 25 lakh rupees.
Alternatively, fully automatic machines are available, but they come at a higher cost of around 50 lakh rupees. You’ll also need a sizable space to safely store the manufactured cardboard boxes.
To fund this business, you can explore the option of taking a loan from a bank. Discuss your business plan with the bank to determine the loan amount and terms.
For manufacturing cardboard boxes, you’ll need raw materials. Craft paper is an essential material, and you should aim for good quality. The cost of raw materials can be around 40 to 50 rupees per kilogram.
The manufacturing process involves using the machine to shape and cut the cardboard into boxes. Ensure that the quality of your boxes is excellent to meet customer demands.
Market and Customers:
You can target both the local market and e-commerce companies. E-commerce companies require a constant supply of boxes for their deliveries. Establishing good relationships with e-commerce companies can lead to significant profits.
Once your business is up and running, you can expect annual profits ranging from 5 to 10 lakh rupees.
Ensure that your boxes meet the required quality standards to attract and retain customers.
Promote your business through local advertising, online platforms, and by networking with potential clients.
Legal and Regulatory Compliance:
Register your business and ensure you comply with all legal requirements and regulations.
Starting a corrugated cardboard box business is indeed a substantial investment, but with the growing demand for packaging materials, it can be a profitable venture. Remember to focus on quality and building strong relationships with your customers for long-term success.
Disclaimer: This article is for sole information purpose and for readers’ project identification. The earning calculator is also mostly based on assumptive figures to give an example of certain type. Zee News article does not intend to give any financial advice of any sorts. For initiating any venture, you must do your own due diligence and market research.