If you are thinking of setting up a plant for manufacturing pet jars, you can download the project report in PDF format on this website.
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. Businesses 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.
Plastic products 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. In 2017, the industry’s revenue had predicted to increase.
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. Over the five years to 2022, consumer spending will continue to rise, increasing revenue.
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. PET Jars, JARs, and containers can be recycled and used to make new Jars, JARs, containers, and thermoform packaging, strapping, and fibre applications such as carpet and garments.
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.
Table of Contents
Why buy a project report of Pet Jar?
A project report is necessary for the following reasons.
- Helps the investor to make an investment decision in the business.
- Makes the entrepreneur aware of the various aspects of the business.
- Helps in understanding the manufacturing process.
- Serves as a sample report to prepare project reports for other purposes.
Market Research & Business Plan
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.
They are favoured in the packaging of food goods since they are light in weight and easy to handle, and they 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 April 2019 to January 2020. 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.
The Product And Its Use
Most food processing firms use PET JAR 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.
Raw Material Required
PET Preform is the primary raw material required by the PET JAR manufacturing machine. A moulding method is used to create the PET preform, also called preform. The fused PET injected into a mould becomes a preform, and after that, it gets to transform into a JAR, a bottle for basic beverages, oil, or detergents, after an extra processing step (blowing).
Plant & Machinery Requirement
Following machines are necessary for manufacturing pet jars, and detailed information on devices is available in our project report.
- Blow Molding machine
- Preform Heater
Process Of Manufacturing Pet Jar
- 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 & Approvals Requirement
Every entrepreneur, regardless of the size of their company, must register with the government. You must register for the PET jar manufacturing company. As a result of the registration, your firm will be protected by insurance. To establish the validity of the firm, you must also register its name. 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 the start-up of a new business.
- GST Registration
- Udyam Registration
- Take No Objection Certificate from the Fire department is necessary.
- Take No Objection Certificate from the Pollution Control Board is necessary.
- Choose a product’s brand name and protect it with a trademark if required.
You must have Aadhar Card, Pan Card and Project Report to get license for manufacturing pet jar.
Topics covered in Pet Jar’s project report
The project report for manufacturing pet jars highlights the following topics:
|3||Product & It’S Application|
|4||Global Safety Approval|
|6||Types Of Pet Preform|
|7||Packaging Material Required|
|8||Machine Description With Images|
|17||Cost Of Project|
|18||Means Of Finance|
|19||Projected Balance Sheet|
|20||Projected Profitability Statement|
|21||Cash Flow Statement|
|22||Production And Yield|
|24||Working Capital Assessment|
|25||Power, Salary & Wages Calculation|
|27||Repayment Schedule Of Term Loan|
|28||Financial Ratio Analysis|
|29||Calculation Of D.S.C.R|
|30||Break Even Point Analysis|
|31||License & Approvals|
Building & Land
To start a small business, you’ll need a nice location. To start a small-scale pet jar manufacturing operation, you’ll need a space 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.
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.
REQUIREMENTS FOR MANPOWER
The PET jar manufacturing firm requires 12-15 workers that include:
- There is one Operator
- One Plant Manager
- 3-4 Skilled Workers
- 5-6 Unskilled Workers
- One administrative personnel
- 1single accountant
If you talk about investment, so to start this pet jar manufacturing unit, the machines you will require will cost around Rs 16 Lakhs to 18 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) product 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 approximately after excluding the raw material and other costs. 2500-3000 daily. Meaning at this capacity, you can easily earn Rs in a month. 60,000 to 70,000. But kindly note that all mentioned figures are according to the assumption written above.
PET bottle manufacturing has significant 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 bottles for storage; it will never be stationary.
Because of the nature of PET bottles, their numerous applications, and the advancement of technology, it is now feasible to manufacture bespoke PET bottles in any form, size, colour, or other specification for any niche.
Finally, while getting into the PET bottle manufacturing sector will need a significant investment, the technology has low maintenance, and obsolescence costs require minimum labour and offer more than a fair ROR over short periods, the project report is helpful in making business decisions.
To understand the business of plastics in more detail, read our article on Top 25 Plastic Business Ideas.
What is the size of the PET bottle market globally?
In 2021, the worldwide PET bottle market was worth US$ 39.7 billion.
What is the growth rate of the global PET bottle market?
According to IMARC Group’s forecasts, the worldwide PET bottle market would grow at a CAGR of 4.46 per cent from 2022 to 2027.
Is the project report of jar manufacturing available for download in PDF format?
Yes, the Project Report of Jar Manufacturing is available in PDF format for download on our website.
What are the global PET bottle market’s significant industry trends?
One of the critical trends in the global PET bottle market is the advent of revolutionary technologies, such as plasma-based coating, which has made PET bottles more resistant in nature.
How would COVID-19 affect the global PET bottle market?
The sudden emergence of the COVID-19 epidemic prompted strict lockdown measures in multiple countries, leading to the temporary closure of numerous PET bottle production plants.
What is the global PET bottle market breakdown by end-user?
The market has been divided into bottled water, carbonated soft drinks, food bottles and jars, non-food bottles and jars, fruit juice, beer, and others. Packaged water currently accounts for the bulk of the total market share.
What is the technological breakdown of the global PET bottle market?
Stretch blow moulding, injection moulding, extrusion blow moulding, thermoforming, and other technologies have been used to segment the market. Stretch blow moulding currently holds a commanding position in the market.
Also Read : Pet Bottle Manufacturing Business Plan
What is the growth rate of PET in the market?
- First, the PET business is expected to have a profit boost of $20 million by the end of 2020.
- Second, rising health and F&B industries and shifting consumer lifestyles toward using ecologically friendly goods are expected to boost PET demand between 2020 and 2025.
- Finally, the non-reactive, light-weight, anti-bacterial, and high-recyclability properties of PET have made it ubiquitous in any industrial setting.
Also Read: Pet Bottle Recycling Business Plan
Who are the target consumers for the PET bottle?
The PET bottle’s customers may be divided into the following categories:
- Agrochemical industry
- Homecare industry
- Wellness and pharmaceutical industry: ointment, syrups.
- Edible oils industry: retail oil bottles.
- Packaged/ water industry: mineral, sparkling.
- Drinks industry: liquor, carbonated, dairy.
- Personal care industry: cosmetics, baby products.
Also Read: PET Preform Manufacturing Business Plan