Pet jar or pet bottle production is one of the most lucrative and profitable manufacturing opportunity in plastic and polymer industry. According to experts, polymer consumption by Nigerian plastic industry is expected to be double in next 6 years. It means we can expect a figure of 20 Million metric tons by 2020. A pet bottle production unit with a simple process of injection moulding and blow moulding is a profitable venture for the entrepreneurs.
PET BOTTLE PRODUCTION MARKET POTENTIAL
Pet bottle is an essential item for industrial packaging. It caters food & beverages industry, pharmaceutical, FMCG, chemical, biochemical, gas etc. The advantages of PET bottles include pure, safe, good barrier to oxygen, carbon dioxide and water, lightweight and, therefore, less shipping costs, no leakage, design flexibility, recyclable, long shelf life, good chemical resistance etc. Major application areas of PET bottles are carbonated soft drinks, Mineral water packing, Syrups, Edible oil packing, Butter and Mayonnaise, Wine, Liquor and spirit packing, Sauce, jam and squashes packaging, Agrochemical packaging and as household containers.
Pet bottles are replacing glass bottles because of the high rate of breakage and the inconvenience of returning the empty bottle after consumption. The consumption of PET bottles is increasing on account of new customers being created for bottled beverages as well as an increasing number of products being replaced with PET bottles.
REGISTRATION & LICENSE FOR PET BOTTLE PRODUCTION BUSINESS
In starting pet bottle production business following registration and license you will need to obtain:
● Business Registration
● Trade License
● Sales Tax Registration
● Factory License
● Professional Tax Registration
The domestic plastic sector has been deregulated and unlicensed. 100% Foreign Direct Investment (FDI) is allowed through the automatic route without any sectoral cap. It is recommended to check your state’s rules and regulations carefully.
FINANCE FOR PET BOTTLE PRODUCTION BUSINESS
As any manufacturing project, there are two types of finance requirement. One is fixed capital and another is working capital. You can go for entire unit finance or can take a separate loan for different requirement. The term loan and mortgage loan can be availed for fixed capital requirement. If you want only working capital assistance then you can apply for cash credit or overdraft facility to your nearby bank or any financial institution.
PET BOTTLE PRODUCTION UNIT SETUP & MACHINERY
Select a location carefully for pet bottle production unit. Availability of labour, distance from the market, proper arrangements of transportation play vital role net profit margin. Plan carefully. After getting a machinery installation floor plan, it is advisable to craft an entire floor plan of your pet bottle production unit. The technology/Machinery required for manufacturing of the Pet Bottles are Injection Molding Machines, one Color mixer, one Chilling Water plant, a Scrap Grinder and a Centralized Pulley laminating and printing machine.
PET BOTTLE PRODUCTION RAW MATERIAL
The raw material used in the manufacturing of PET Bottles/ Preforms is Polyethylene Terephthalate. Polyethylene tetra phthalate is a polymer that is formed by combining two monomers called modified ethylene glycol and purified terephthalic acid.
PET BOTTLE PRODUCTION PROCESS
PET granules received from suppliers are dried in a dehumidifier. The PET granules are then mixed with colorants. Then the material is fed into the injection moulding hopper. The material is plasticized and is injection moulded in a mould which can produce 12-72 preforms in a single moulding. The moulded preforms are cooled in the machine itself till it can maintain its shape and is taken out and cooled at room temperature. The preforms are then packed in cartons for despatch.