The Economical growth of a country majorly depends upon the Development of the manufacturing industry. It helps in manufacturing all kinds of goods, equipment, machinery, chemicals, as well as it provides innumerable employment opportunities.
If you have the vision to start a manufacturing business, you are definitely on the right track. The best is that growth in the manufacturing business is good and you can be motivated by a small or medium investment. Once the business expands you can extend It on a larger scale. If you are confused about what type of business you should start, then here are 10 medium business ideas that you can start with a medium investment.
Kids’ Toys Manufacturing
Kids toys manufacturing is a billion-dollar industry and it is a very profit-making business because the market is surprisingly huge. In the United States, the annual total impact of this industry is about $97.2 billion dollars, which shows that why it is great for business set-up.
Kids will play with any toy and constantly demanding new fun toys from their parents. This is a great business in which you just have to make kids happy with fun toys to play with and you will make huge profits.
Air Freshener Manufacturing
With this low to medium investment, you can easily start an air freshener manufacturing business. There is a huge market for air fresheners. You just have to be creative enough to make a pleasant and attractive smell.
You have the option of making air fresheners in either liquid, gas, and solid form. In order to attract your customers, you need to make sure that the package is attractive and they can afford it.
Mobile Phone Accessories
The demand for smartphones has been increasing tremendously in the last few years and hence the demand for mobile phone accessories like batteries, earphones, power banks, battery chargers, and other devices also increased. As of 2016, the market for mobile phone accessories was $62,713.4 million.
This is also a great startup for business and you can make great profits through it.
Baby Wipes and Diapers
The demand for diapers and baby wipes is increasing day by day as most babies in the age group of 0-2.5 years use diapers and baby wipes. As of 2018, the worldwide baby care products market is $73.86 billion.
You can get high-quality and affordable diapers and baby wipes on the market. It doesn’t require a huge investment to manufacture diapers and baby wipes, so starting this booming business is no problem at all.
Soaps and Detergent Production
Peoples always use soap and detergent for cleaning houses, restaurants, hotels, carpet cleaning industries, factories and maintain good hygiene. The competition is more, but that doesn’t mean you can’t join this category.
With moderate investment, you can start a successful soap and detergent manufacturing business.
Kitchen Utensils and Cutlery Manufacturing
Nowadays people cannot prepare food without utensils or cutlery. utensils and cutlery are not only needed in the kitchen but also in restaurants, hotels, canteens, and other areas. The market for kitchen utensils and cutlery is wide.
The competition is fierce, so you need to make sure your product gives the best quality and available at a minimum affordable price.
Rugs and Rubber Carpets Production
The market for products about rugs and rubber carpets is huge. People are always looking for carpets to keep their floors smart and protect them. Demand for global flooring and carpets increased by approximately 4.9% annually in 2016 to 18.6 billion square meters.
With this medium investment, you can build a very successful business of rugs and rubber carpet production.
Even though drug production sales are highly controlled, you can still venture into this lucrative business. You can grow in this industry with moderate investment and proper marketing and advertising strategies.
Wigs, Hair Weaves, and Hair Extensions Manufacturing
The market for wigs, hair weaving, and hair extensions is amazingly vast. Women are always looking for new hairstyles. wigs, hair weaves, and hair extension manufacturing is a lucrative business. The demand for this business is high due to a large number of customers.
Coconut Oil and Olive Oil Manufacturing
Every day, people are looking for better ways to live a healthier life. Using coconut and olive oil is the first priority. These oils are healthy because not only do they have numerous health benefits, but they also help prevent numerous health conditions.
People are now replacing processed cooking oil with virgin coconut oil and olive oil for salad dressings. Both of these oils are widely used in the hair industry. If you can produce high-quality, unprocessed coconut and olive oil, you can be successful.