Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
There are plenty of reasons why the paper cup manufacturing industry is growing. One of the main reasons, of course, its compatibility with nature vis-à-vis the plastic cups. They are the disposal types and end up in the landfill. The paper, however, decomposes in a shorter duration of time whereas plastic takes hundreds of years to degrade completely. The other reason for its growing preference is that it is more hygienic thereby reducing the chances of foodborne diseases. A paper cup making is made from food grade paper with the inners lined with either wax or plastic and is good for handling both hot and cold liquid.
Paper cups are products required for mass consumption and hence once established there are good chances of turning the paper cup business into a profitable one. Most of the international food chains and the Quick-service restaurants are using the paper cup and glasses to serve drinks which have made this industry more lucrative as a business option.
The business can be started on a small scale with a small time investment that is mainly required to buy the machine. One needs to have a space of about 500 sqft to set up the machine and start work. Paper cups can be made via a semi-automatic or a fully automatic machine. Also, on studying the market one can understand that two types of paper cups are in demand – one the normal paper cups that are available in different sizes and the other with the company name printed on the cups.
At present in the beverage market in India, 80% of the cups being used are plastic and the remaining 20% are the paper cups. Since demand is increasing because of rising awareness of using eco-friendly cups and glasses, it would not be long before paper cups would take up 100% of the market position. 80% of the paper cups that are manufactured are used by the service restaurant segment in the country.
According to a survey conducted in 2015, about one crore paper cups were being used in India on a daily basis with a steep increase in consumption during the marriage and festive seasons.
The demand for paper cups is estimated to rise every year by 8% by 2019.
The following licenses and registrations are mandatory for starting and operating this business:-
Also, the paper cup making unit is required to follow GMP regulations (Good Manufacturing Practices) as approved by FSSAI and BIS.
Read Also: How to Start a Profitable Small Business in India.
SEBI, the regulatory body for markets, has directed stockbrokers to establish an institutional...
If you have lost track of your shares in Muthoot Finance Limited, they may have been transferre...
Customer Acquisition is essential for any successful organization, placing customers ahead of p...
The role of AMFI in NRI SIP investments is continuously growing in the Indian mutual fund marke...
India’s Financial Intelligence Unit has introduced a groundbreaking upgrade to its informatio...
Are you human?: 7 + 4 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
One of the world’s wealthiest country in terms of GDP and the smallest in terms of size, Luxembourg is a low tax...
03 Apr, 2023
There are many ideas that come across your mind. When you turn these ideas into creation, it is called as intellect...
07 Nov, 2020