5 Reason Why Paper Plates Business is Profitable

In India, Paper plates are used as an alternative to steel, thermocol, plastic plates, etc. It is widely used in two ways: domestic and commercial. The domestic use includes its usage in wedding ceremonies, birthday parties, religious ceremonies like "bhandaras", functions, picnic, travel purpose, etc. On the other hand, its commercial usage comprises its use in sweet-meat shops, roadside vendors, hawkers, etc. 

If you are planning to start your paper plate making business, but confused about its profitability, then this post is going to remove all your confusion. So, here are 5 reasons why paper plates business is profitable that you must consider to stick to your decision and go ahead:-

• High demand - As discussed above, the demand for the paper plates can be divided into 2 major sections- Domestic and Commercial. They are prefered in these sections because they are lightweight, easily disposable and convenient to carry. They can be just used and thrown, thus reduces labour to clean the plates and also saves time. Moreover, with the ban on plastic in most cities in India, it has become a replacement for plastic plates. It is not only biodegradable and eco-friendly but also affordable.  

• Higher return on investment - Paper is easily available. You can get them from the local scrap shop on a very cheap rate. Now, comes the machines. The investment on machines matters the most. There are a variety of machines available in the market which are sold on the basis of number of plates they manufacture per hour. Some are operated manually while some works on automation. Here, market research plays an important role. Choose the right machine and the right place to buy your machines from, since after-sales service also matters. It is estimated that, with an investment of Rs.10 lakhs, the paper plates business can manufacture over 2.2 crore paper plates with an estimated sales turnover of over 66 lakhs.

• Anyone can learn to make paper plates - No new skills or education qualifications are required to make paper plates. Anyone can learn to operate the machines and make paper plates.

• Can be started from home - The machines take small space and  if you are just starting out with a single machine, you can start from your home. After making profits, you can invest more in machines and expand your business according to the demand.

• Government support - The small businesses are major contributors in the country's GDP and provides employment to many people. Thus, Government provides easy loans to the startups and there are many schemes available to people who want to start their business. 

The market is near you. Be the master of that market and earn immense profit by giving your plans a shape. Start your paper plates business today!