China 5” Tube Mills Supplier, Manufacturer - TUBO
China 5” Tube Mills Supplier, Manufacturer - TUBO
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23 Small Manufacturing Business Ideas with Examples - Katana MRP
If you’re looking to start your own business but don’t know the best idea to pursue, you’ve come to the right place.
You’ll be happy to know there are tons of great small manufacturing business ideas for budding entrepreneurs such as yourself to break into — hundreds in fact. But hundreds? Hundreds make it seem so overwhelming.
That’s why we’ve looked into all the different small manufacturing business ideas you can invest in and narrowed it down to the 23 best.
However, unlike other guides available on the same topic, here you can find:
- The best small manufacturing business industries
- The market sizes so you can understand the potential of each idea
- Real-life case studies
So, without further ado, let’s jump straight in.
1. Candle making
Making candles is one of the greats for small manufacturing business ideas.
You can make beautiful candles to sell at local craft fairs or online with a few supplies and some creativity. Candle-making is a relaxing hobby that can easily be turned into a profitable business. Here’s what you’ll need to consider when getting started:
- Choosing the right wax
- Choosing the right wicks
- Melting the wax properly
- Sourcing fragrance oils
- Molding the melted wax
- A space for cooling
- Trimming the wicks properly
Once you can answer these small problems, you can consider yourself well and truly in the candle-making game.
The market value of the candle-making industry
In , the scented candles market size was valued at $533.5 million globally. Over the next several years, market value predictions suggest continued growth at a compound annual growth rate (CAGR) of 3.3%.
2. Craft-making
A craft-making business is one of the small manufacturing business ideas that also focuses on creating handmade items.
Many people start a craft-making business because they have a passion for crafting and want to share their creations with others. First, you’ll need to determine what type of crafts you want to make. There are many different options available, so it’s important to choose something you’re passionate about and feel confident in your ability to create.
Here’s a small list of niches to get you started:
- Designer Bindi making
- Jewelry manufacturing
- Woodworking
- Glass Bead Production
- Embroidery
The market value of the craft-making industry
In , craft-making had a market value of $241.1 billion in the United States alone. By , this is expected to grow at a CAGR of 10.14% — which will be around $429.3 billion.
3. Food and beverage production
Small manufacturing business ideas such as food and beverage production is the process of creating, you guessed it, food and beverages.
The food and beverage industry is a large and complex sector that covers everything from agriculture to manufacturing to food inventory management to retailing. It employs millions worldwide and generates billions in economic activity each year. The industry is also one of the most important users of natural resources, including water, land, and energy.
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Here’s a list of nutty food production ideas you may have never even considered:
- Food coloring
- Potato powder
- Soybean meat
- Bakery
- Banana wafer manufacturing
- Iodized salt manufacturing
- Mineral water
- Packaged drinking water
- Baking powder
Essential Guide to Precision Cleaning Brushes - Techspray
Food production and beverage businesses come in all shapes and sizes, but all have at least one thing in common:
The need to produce safe, high-quality food.
The market value of the food and beverage industry
The global market size of the food and beverage industry in reached $258.80 billion. By , that market share is expected to increase to $529.66 billion with a CAGR of 9.5%. That’s a lot of cheddar cheese. Fancy grabbing yourself a piece?
4. Textile producer
How about some manufacturing business ideas that involve supplying other manufacturers? Now that’s going off the beaten path.
A textile-producing business manufactures textiles and materials made from natural or synthetic fibers. The most common textile fibers are:
- Cotton
- Linen
- Wool
- Silk
These fibers can be used to make a variety of products, including clothing, upholstery, and carpets.
Textile production is a complex process that involves spinning the fibers into yarns, weaving or knitting the yarns into fabric, and then finishing the fabric to achieve the desired properties. The type of fiber, the kind of yarn, the type of fabric construction, and the finishing treatments all play a role in the final performance of the textile.
The market value of the textiles industry
Even though the industry’s market share in was $42.4 billion, there’s been a downward trend in the market’s growth over the past few years. Between and , it decreased by 1.4%.
When considering the optimal manufacturing business to launch, one that’s not only straightforward to set up but also highly recommended, many experts direct attention to the apparel and footwear manufacturing industry. This sector encompasses establishments that craft all sorts of apparel inventory, like clothing, footwear, and accessories, including managing essential aspects such as jewelry inventory.
Here are just some items you can consider manufacturing to become the next Tim Gunn:
- Belts
- Garments
- Jeans
- Jute bags
- Leather goods
- Clothing production
The market value of the apparel and footwear industry
The apparel and footwear manufacturing industry is a major contributor to the global economy.
Retail sales of apparel and footwear goods worldwide exceeded more than $1.5 trillion in . The forecast of this figure is expected to increase to $2 trillion by .
6. Brewery production
Brewery production, or microbrewing, is a small, independent brewery that produces a limited amount of beer.
These small-scale manufacturing ideas are usually family-owned and operated and often sell their beer directly to consumers.
There are many benefits to starting a microbrewery business. For one, you will be able to create unique beers that reflect your taste. You’ll also be able to build relationships with customers and get feedback about your products. Additionally, you’ll have the opportunity to grow your business over time by expanding your brewing operations and selling your beer in more locations.
The market value of the brewery industry
In , the beer market share reached $100 billion in the US. However, what will be interesting for you to know specifically — as someone who wants to turn small manufacturing business ideas into a reality — is that 13.1% of that market share came from small and independent brewers.
Cheers to small-manufacturer beers!
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