Rubber industry is one of the most prominent production industry in SME sector in India. India is the world’s largest producer of and the third largest consumer of natural rubber. The industry size is about 6000 units comprising 30 large scale, 300 medium scale and around 5600 small and micro-size manufacturing units. A small scale manufacturing business in rubber industry is a profitable venture for new entrepreneurs. Here in this article, we intend to explore 13 profitable low-cost rubber business ideas for your ready reference.
The wide range of rubber products manufactured by the Indian rubber industry comprises all types of heavy duty earth moving tyres, auto tyres, tubes, automobile parts, footwear, belting, hoses, cycle tyres and tubes, cables and wires, camelback, battery boxes, latex products, pharmaceutical goods, besides molded and extruded goods for mass consumption.
The important sectors that the industry caters to include all the three wings of defense, civil, aviation, aeronautics, railways, agriculture, transport as also textile engineering industries, pharmaceuticals, mines, steel plants, ports, family planning programs, hospitals, sports, practically to every conceivable field.
In India, rubber industry has great potential and opportunities for the small-scale industry sector. Any individual can initiate small-scale rubber product manufacturing business with substantial capital investment and strategy planning. Here we put 13 most profitable and trending rubber business ideas for your ready reference.
List Of 13 Rubber Business Ideas | Small Business Opportunities
1. Balloon Manufacturing
Rubber balloons are thin gauge rubber products. Generally, you can produce them from suitable latex compound. It is one of the cheapest of all toys. Hence it is extremely popular in all segments of the population. Read More…
2. Eraser Making
Rubber erasers generally made from natural rubber. Generally, the product is an essential item for students, artists, bookkeepers, typist and others to correct the mistakes. Eraser making project is profitable and there is demand in domestic and export market both.
3. Hospital Rubber Consumable
You can initiate hospital or diagnostic rubber consumable item manufacturing project as small scale basis. However, you will need to consider the availability of raw materials. It is important to select the right product. Several different pipes, bags, gloves and many other rubbers make consumable hugely used in the hospital industry.
4. Latex Rubber Thread
Generally, latex rubber threads are used in the hosiery industry. Apart from this latex rubber thread is an essential raw material for fishing baits, toys and many of medical consumables. Latex rubber thread manufacturing is one of the most profitable rubber business ideas that can be initiated as small scale basis also.
5. Rubber Band Manufacturing
The rubber band is a retail and household consumable item. The largest consumer of the rubber bands in the world is the USA. The newspaper industry also uses massive quantities of rubber bands to keep the individual newspapers rolled or folded together before home delivery. The rubber band manufacturing process is not complex and any individual can initiate with small startup capital. Read More…
6. Rubber Belt Manufacturing
Rubber conveyor belt is an essential item for every continuous production process units. The demand for rubber conveyor beltings has been steadily increasing with the rapid industrialization in the Country. These belts are commonly used for industrial purposes in thermal plants, fertilizer plants, railways, chemical plant, etc. Therefore, rubber conveyor belt manufacturing is one of the most profitable rubber business ideas. Read More…
7. Rubber Floor Mat Making
Rubber floor mats are used widely as industrial rubber mat, anti-static mat, anti-vibration mat, anti-fatigue mat, rubber mats for use at home, entrance mats, interior mats, car floor mats and so on. The manufacturing process is not complex and small scale manufacturing unit can be initiated as small scale basis. Read More…
8. Rubber Gaskets Making
Rubber gaskets making business is one of the most profitable rubber business ideas. Several different types of gaskets generally used by the automobile industry and also by large factories. By establishing a small scale manufacturing unit, any individual can initiate this business. Read More…
9. Rubber Gloves Making
Generally, the medical industry, automobile industry and manufacturing industry including food processing are the major consumers of rubber gloves. The purpose of using these rubber gloves are to protect the hands and fingers from heat, abrasion, electric shocks, chemical attack, contamination through direct contact as in the case of medical examination gloves etc. In addition, you can initiate this manufacturing business as a small scale with small startup capital investment. Read More…
10. Rubber Stamp Making
You can start rubber stamp making business as the home based also. Actually, polymer rubber stamp is now very popular for official use. You can start this business with a very small startup capital. Apart from normal rubber stamp pre-inked rubber stamp also has very good market demand. Read More…
11. Rubber Toys Making
Any individual can initiate rubber toys making project with simple machinery and easily available raw materials. In addition, the production process is not complex and the product has very good demand.
12. Slipper Manufacturing
Rubber footwear making from different colorful rubber sheet is a small scale profitable business. Additionally, any individual can initiate the business as a home based also. Slipper is the essential household consumable item. Generally, every person uses the product on the daily basis. With the increasing population, the demand for the rubber foot ware is also increasing day-by-day. Read More…
13. Tyre Retreading
Tyre retreading is a new technology. After applying this method the old tyres become serviceable and usable. The part of the tyre that comes in contact with the surface of the road is known as the tread. The tread is an integral part of the tyre and is responsible for providing traction. Technology wise this is one of the most trending rubber business ideas in India. Read More…