Pet Jar Project Report

Description

You need a Pet Jar Project Report if you are planning to set up a plant for manufacturing pet jars. Without wasting much time, you can instantly download the pet jar project report in PDF format on this website. It is not everyone’s cup of tea to write a project report for a new venture and get financial aids from banks or investors to start a new business. 

You can now get PET Jar Project Report in a short time. It might take many days to research this business and then write the project report for starting a PET Jar manufacturing business in India. My question is why spend so much time when we are here? Yes, we can provide you this crucial document containing all significant details about the set-up in a short time period. Just make the payment and get the download link that gives you access to use our project report. 

Plastic containers are a commodity primarily used in the retail business to package materials. It demonstrates a sizable market for plastic containers in our world, and as a result, many investors are flocking to the pet jar manufacturing industry. Companies dealing in the pet jar manufacturing business make various containers from various plastic compounds depending on their intended application. Milk powder, condiments, powdered glucose, home, and automotive chemicals are packaging in these jars, subsequently sold to beverage, food, and chemical makers.

PET Jar Project Report PDF For Bank Loan

If you are planning to start your entrepreneurial journey by initiating this business, then you have made the right choice by choosing the PET Jar making unit set up from many profitable plastic business ideas in India. You can easily start your new unit with the required capital investment. You need to know a lot about this business as it is just the beginning, and you might have many doubts and queries about this startup. 

Plastic jars or containers are used for packaging a wide range of everyday consumer goods, from vending machine drinks to family-sized detergent bottles, making it a possible investment opportunity. Despite the widespread use of plastic containers and bottles, the Plastic Jar Manufacturing business is not immune to economic fluctuations. 

Furthermore, large-scale mergers and acquisitions have expanded significantly, allowing established players to expand their market share in a mature industry. Large companies can more easily develop products, providing them with an advantage over their competitors. 

PET Jar Business in India

A PET Jar is a rigid, cylindrical or oval, circular container with a wide mouth or opening that can be sealed with a lid, screw cap, lug cap, cork stopper, roll-on cap, crimp-on cap, press-on cap, plastic shrink, heat-sealed lidding film, an inner seal, a Tamper-evident band, or other suitable method. 

These Jars are transparent, light-weight, strong, and impermeable to carbon dioxide due to several intrinsic features of PET resin. They have made using a stretch blow-moulding technology, which gives them strength and high resilience to internal pressure and the ability to stack them like glass JARs. Unlike other plastic containers made of PP, HDPE, or PVC, PET JAR does not leave residues, is translucent, or is non-recyclable.

As per market analysis, the international PET Jar manufacturing business was 39.7 billion US Dollars few years back and it is estimated to reach at 52 Billion US Dollars soon. There is going to be a rise of 4.46% in CAGR of this business globally.

Why buy a PET Jar Project Report

A project report is necessary for the following reasons.

1. Helps the investor to make an investment decision in the business.
2. Makes the entrepreneur aware of the various aspects of the business.
3. Helps in understanding the manufacturing process.
4. Serves as a sample report to prepare project reports for other purposes. 

Market Research

Plastic Jars are gradually replacing glass JARs due to their proclivity for breaking and the trouble of returning them after use. The global consumption of PET JAR is predicted to expand steadily in the short and medium-term due to rising demand for packaged food goods and the replacement of glass and metal containers with PET JARs. 

India’s plastic and polymer industries are increasing at roughly 5% per year. According to the India Brand Equity Foundation (IBEF), the country’s plastic jars and bottles market is growing, with plastic exports totaling USD 7.045 billion from recent years. The demand for plastic JARs is moderately competitive, with numerous significant players. In terms of market share, a few large companies now dominate the industry. These market leaders are concentrating their efforts on growing their consumer base in other countries. These businesses use strategic collaboration initiatives to expand their market share and profits.

Based on our project report, you can prepare a plan for starting a pet jar manufacturing business.

PET Jars and Their Uses

Most food processing firms use PET Jars since it is convenient for consumers and manufacturers. Compared to glass or tin bottles, it is easier to handle and lighter. It is advantageous to have highly distinct shapes and colours when marketing. Besides food, other things that can pack in PET JARs include talcum powder, creams, hair tonics, containers, skin lotions, etc.

For industrial packing, a pet jar is a must-have item. It serves the food and eatables business and pharmaceutical, FMCG, chemical and biochemical industries. PET jars have several advantages, including being pure, safe, and providing an excellent barrier to oxygen, carbon dioxide, and water.

They are also light in weight, which means they cost less to ship, have no leakage, are recyclable, have a long shelf life, and are chemically resistant. Medicines, jams packaging, murabba, edible oil packaging, eatables packaging, agrochemical packaging, and domestic containers are all common uses for PET jars.

Raw Material Required to Manufacture PET Jar

The raw material which is majorly used in the production and manufacture of PET Jars/Pre-forms is Polyethylene Terephthalate. Polyethylene tetra phthalate is a polymer material that is prepared with combination of two different monomers which are purified terephthalic acid and ethylene glycol. 

Plant & Machinery Requirement

The machinery and technology that is required for the manufacturing of pet bottles would be the following. 

• Blow Molding machine
• Preform Heater
• Compressor
• Chiller

How do I manufacture PET Jars in India?

• The raw material is purchased from an approved vendor and kept in stock. After receiving approval from the manufacturing team, the profile dies are put into the Stretch Blow Molding Machine according to the specified PET Jar dimension.
• The PET Preforms are then fed into a heater, which raises the temperature to a specific temperature limit. These preforms are then put into the Strech Blow Molding Machine, where a long needle is used to push up through the prefab, suspended with the screw end facing downward. The mould is then sealed, and food-grade compressed air gets blown through the preform.
• This procedure transforms the preform into the appropriate shape of the die when it is inserted into the mould. The heat is then extracted, and the jar is cooled by flowing water through the mould cavities. The mould is then opened, and the final jars are separated.
• They are quality tested, packed, and delivered in the required number.

Registration and License Requirement for PET Jar Plant in India

Every entrepreneur, regardless of the size of their company, must register their business with the government. As a result of the registration, your firm will be protected by insurance. To register your business, follow the steps listed below. 

You must first seek a business licence from the municipal government in order to establish a business. The municipal government also provides space for starting your new business. Availing licenses before commencing the production is also right and good as things get smooth. You can apply for these licenses both online and offline. 

• A business registration certificate with a ROC
• A Udyam MSME Registration Certificate
• A trade license
• A NOC from the State Pollution Control Board
• Factory license
• A GST Registration

You must have Aadhar Card, Pan Card and Project Report to get license for manufacturing pet jar. In addition to this, the Indian Government offers you one hundred percent FDI or foreign direct investment via the automated route without charging any kind of sectoral cap on it. But it is to be kept in mind and remembered that different states have different rules related to registration and license of PET Jar business. So you need to check and go through your state’s policies and regulatory norms carefully and make sure that you are in full compliance with it.

PET Jar Plant Set Up

To start a small-scale pet jar manufacturing operation, you’ll need a space of at least 1500-2000 square feet for seamless production. You’ll also require a processing area, a packing area, a storage room, a final product storage facility, and a transportation area. A few essential resources, such as power and transportation, are required to start the firm. As a result, before launching a business, you must prepare a preliminary project report.

Power Consumption

The manufacturer will require a 45 KW power load, which Power Corporation will apply. The manufacturer must, however, acquire a DG Set for standby power.

Manpower Requirement for PET Jar Manufacturing

The PET jar manufacturing firm requires 12-15 workers that include:

• One Operator
• One Plant Manager
• 3-4 Skilled Workers
• 5-6 Unskilled Workers
• One administrative personnel
• 1single accountant

Investment Needed to Start Pet Jar Production Unit in India

If you want to start your pet jar manufacturing unit, the machines that you would require will cost around Rs 16 Lakhs to 18 Lakhs. The cost and expense comprises in itself the entire cost of a fully functioning semi-automatic pet jar production machine and all the raw materials needed to get it started.

But if you have your eyes on a fully automatic production unit then the venture will cost you more than Rs.100 lakhs. It will be beneficial for you to study the project report before investing in the business of manufacturing pet jars.

Return On Investment

If you produce 5000 pieces (50 gms/par) of plastic jars in a day and if the market rate of a product is Rs. 9, then the resale value of your production would be approximately Rs. 45000. You can easily save good money excluding the raw material and other costs as in 2500-3000 daily. Meaning at this capacity, you can easily earn around Rs 60,000 to 70,000 per month. You can yield a gross profit of 18 to 20%. This information depends on the investment, capacity and size of your business. 

Target Customers for PET Jars 

Among the main and significant aspects of starting a new business of PET Jar Manufacturing is to identify the target customers and connecting with them in the initial phase itself. Target customers will only contribute to the growth of this business in India. For running a PET Jar Manufacturing Business in India, as an entrepreneur you must keep the target customers in your mind.

• Water Packaging Industry– Mineral Water Companies
• Drinks Industry: Dairy, Cold Drinks or Liquor
• Edible Oil Industry: Retail Oil Bottles
• Personal Care Industry: Baby Products or Cosmetics
• Wellness and Pharma Companies: Ointment or Syrups Manufacturers
• Homecare Industry
• Agrochemical Industry

How To Arrange Funds for Starting A PET Jar Manufacturing Business

Just like any other production and manufacturing project a pet jar manufacturing business also needs two different types of financial requirements. These two financial requirements are fixed capital and working capital.

You can also choose to have an entire unit financed or even choose to take a totally separate loan for various requirements. However, it has to be remembered that a term loan can be also availed of and also a mortgage loan for your fixed capital requirements.

If your pet jar production unit is only in need of working capital assistance then you can even apply for a cash credit from your nearby bank or any other financial organization that can provide you with assistance.

Trade License for PET Jar Plant in India

You can get trade license for PET jar plant from municipal corporation in your city. The grant of this license depends on the rules and laws set by your state. You require the following documents for attaining trade license, henceforth submit them with your application only to avoid delays.

Documents Required for Trade License for PET Jar Business

• Address proof (electricity bill or water bill)
• Aadhaar card
• PAN
• Memorandum of Association (MOA)
• NOC of the neighbours (nearby property owners)
• Certification of incorporating (CIN) for PET Bottle Manufacturing Business
• A last municipal property tax receipt paid by you in case you are the owner of the lad being used for PET Jar Manufacturing Business otherwise a lease document or consent letter from the owner of the building of the registered setup. 
• Layout plan/site plan of the office

Udyam MSME Registration For PET Jar Making Business

You would require Udyam MSME registration that is Micro, Small and Medium Enterprise (MSME) for establishing PET Jar Making Business. You can apply for this registration online also. You will have to upload some mandatory documents on the official portal. You will get this registration from Ministry of Micro, Small and Medium Enterprise.

Documents needed for MSME registration

• Applicant’s official name
• Name and type of enterprise
• Aadhaar card
• PAN
• NIC Code
• Account details
• The social category of the applicant
• The business operations of the enterprise
• Date of Incorporation of a business
• Details related to employment

Swot Analysis

Strength: In the upcoming years, the Indian plastic industry’s polymer consumption is expected to get double in size and value. It is the biggest strength of this business. Most importantly, the PET Jars are very light in weight, henceforth, they have high demand and are always so useful that further creates their demand in market not nationally but internationally too.

Weakness: Nowadays most of the people prefer glass jars more than PET Jars, so maybe it is possible that you do not get more profit as much as you expect. Pet jar business requires financial loan and machinery, for manufacturing, you need a large area to set up your machinery. The Pet Jar production business requires a large investment.

Opportunities: Pet Jars have so many opportunities not only in the beverage and food industry but also in pharmaceutical, chemical, FMCG, gas, biochemical, and numerous other industries. Thus you can grab all the available opportunities if your marketing is done effectively.

Threats: The biggest threat to this business is Environmental Protection Standards- Whenever government regulations change, you will have to develop technically economically viable recycling solutions that meet the set standards. If the use of PET Jar becomes less or obsolete, you may lose our supply.

Content Of Pet Jar Business Model

The project report for manufacturing pet jars highlights the following topics:

For whom is PET Jar Making Unit Project report format useful?

1. CA Chartered Accountants
2. Tax Consultants
3. Small Business Owners
4. Students
5. Engineers
6. Who wants to self-study

In addition to those who want to prepare project reports themselves.

Sample Project Report Format of PET jar Making Business

In our project report format, we have covered all the technology details so far, its diagrams, flow charts etc. as and when required or deemed fit to include. Also, we can help you prepare in-depth financial calculations which are necessary for the Investor/bank.

You will get the report data from our Project Report in PDF. You can also modify the information according to your need. You will be able to access the data easily according to your requirement. 

CONCLUSION

PET jar manufacturing business has huge market potential and a thriving target client base. This industry’s growth will continue to accelerate until the target, as mentioned above, and customers use PET Jars for storage; it will never be stationary. 

Because of the nature of PET jars, their numerous applications, and the advancement of technology, it is now feasible to manufacture PET Jars in any form, size, colour, or other specification for any niche.

Finally, while getting into the PET jar manufacturing sector will need a significant investment, the technology has low maintenance, and obsolescence costs require minimum labour and offers more than a fair ROR over short periods, the project report is helpful in making right business decisions for this new setup.

Frequently Asked Questions on PET jar Project Report For Bank Loan India