How to Start a Packaging Business?

1. HOW TO START A PACKAGING BUSINESS With changing consumer behaviour, the importance of packaging is increasing rapidly. Today, packaging has become a vital component of brand building strategy, making product packaging itself a business in entirety. The growing demand for packaging means better opportunities in the market. Taking the advantage of the favourable market conditions, a large number of players are foraying into the packaging domain. If you are planning to start a packaging business, here is the complete guide about how to start your business. Business Plan Before starting a business, one should have a well-sought out business plan in hands. A business plan helps entrepreneurs to articulate strategies prior to starting the business. Entrepreneurs should draft the business plan by conducting extensive market research and analysing the risk factors. Business plan includes cost-benefit analysis and strategies related to the day-to-day business operations. Businesses should consult packaging consultants before drafting the business plan who can assist them in drafting the complete business plan which acts as a foundation to run and expand the new business. Fundraising and Registration Effective business plan helps entrepreneurs to figure out the initial capital investment required to start the business. Even if entrepreneurs do not have enough amount to start the businesses, today there a lot of government schemes under which they can borrow the capital amount. NABARD provides loans to businesses that are into food processing activities including packaging. Plant Setup and Machinery Installation The plant setup is one of the most crucial and complex process in starting a packaging business. Packaging requires huge space to carryout operations such as receiving and safely storing the not yet packaged materials. So, it is advisable for entrepreneurs to take guidance from expert consultants in plant design, layout and implementation. Generally, packaging is done in multiple layers- Primary packaging, which covers and holds the product; Secondary packaging, which is the exterior layer to the primary layer; Tertiary packaging which is the toughest and outer most covering and is used for warehouse storage, bulk handling and transportation. Packaging involves different processes like filling the packages with predetermined quantities of the products, sealing the containers, labelling, etc. Therefore, different machines are required to do product packaging in an efficient and cost-effective manner. Recruiting the Right Team Every businesses needs a good team who can dedicate a quality amount of their time to the business. Hence, one should hire the right talent comprising of experienced and young professionals to successfully run the business. 1 SolutionBuggy

2. HOW TO START A PACKAGING BUSINESS Marketing and Sales Following the commencement of business operations, one should focus on designing effective marketing campaigns to boost sales. Today, with the proliferation of digital technologies there are a wide range of online platforms available for businesses to market and sell their products. If you are an entrepreneur planning to start a packaging business, then register with SolutionBuggy, India’s biggest platform with more than 700 packaging consultants. SolutionBuggy provides you access to expert packaging consultants such as food packaging consultants, beverage packaging consultants, pharma packaging consultants, etc. SolutionBuggy has helped hundreds of industries achieve success in their business by providing them with complete guidance right from plant setup to execution. Till date, SolutionBuggy through its vast network of packaging consultants completed more than 270 consulting projects in the packaging industry. Company name: SolutionBuggy Email-Id: sales@solutionbuggy.com Mobile no: +916360553113 Website: https://www.solutionbuggy.com/sb/packaging-consultants.html Logo: 2 SolutionBuggy