The rubber band is a useful consumable item for everyday use. Rubber band making project can be initiated by installing some simple machinery. Rubber band market potential is huge and the industry is expected to grow at over 8 per cent per annum this decade. The manufacturing unit can be established at home.
RUBBER BAND MAKING MARKET POTENTIAL
Rubber bands are one of the most convenient products and widely used in agriculture, automobile, packaging industry, newspaper industry. It also used as a household consumer durable item. The Rubber Product Manufacturing industry consists of a large number of small operators that typically focus on one particular product segment or market sector. Accordingly, IBIS World estimates the three largest industry players to account for just under 11.0% of the industry’s revenue in 2015. The market is huge and there is an immense opportunity in establishing a rubber band manufacturing project.
The future for natural rubber looks bright. At 5.92 million tonnes per annum, natural rubber has 39 per cent of the world rubber consumption of 15.14 million tonne per annum. The rubber industry is expected to grow at over 8 per cent per annum this decade, as the per capita consumption of rubber is 0.8 kg against 14 kg in the developed world. Nigeria is likely to become the world’s third-largest producer of natural rubber after Thailand and Indonesia, Rubber Board sources said.
RUBBER BAND MAKING BUSINESS REGISTRATION
In starting rubber band making manufacturing business, your first step is registering your company. You will need to obtain Trade License and Vat Registration. According to your manufacturing setup and establishment, you will need to apply for permission in Pollution Control Board.
RUBBER BAND MAKING UNIT SETUP & MACHINERY
You can establish rubber band making unit by two ways. One is by using rubber role as raw material and another is by preparing the rubber role in your own unit. In the second option, the project cost will be higher and you will earn better margin also.
For first option you will need to purchase machines like a weighing machine, cutting machine and packing machine. The manufacturing process is also simple. Ready made rubber band role is used in this process. Cutting machines work automatically and the rubber bands of a definite size are cut.
For the second option, you will need to purchase machinery like Cutting Machine, Stirrer, Drying Stand, Grinder, Moulds, Dip-in Tanks, Vulcanizing Tank, Bucket, Cup etc. The major raw materials are latex, whitener, chalk powder, titanium, rubber chemicals, packing materials. Manufacturing process flows chart is as follows:
Processing the natural latex → Purification and making into slabs → Squeezing the slabs to required size → Mixing and milling → Heating and squeezing → Extrusion after heating → Curing in mandrels → Slicing to form rubber bands.
QUALITY CONTROL FOR RUBBER BAND MAKING
Sample rubber bands from each batch are subjected to a variety of quality tests. One such test measures modulus, or how hard a band snaps back: a tight band should snap back forcefully when pulled while a band made to secure fragile objects should snap back more gently.