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INVESTMENT OPPORTUNITIES IN THE PLASTIC INDUSTRY IN NIGERIA
At this crucial time of scarce resources, massive unemployment and poverty, there is need for retirees, enterprenuers, graduates and indeed others who want something doing to go into the production of polyethylene bags popularly called nylon bags.
There is no doubt that polyethylene material is the preferred choice of manufacturers in the packaging of there products in Nigeria and this can be attributed to a number of factors to include the fact the they are cost effective and easier to produce compared to steel iron or glass.
As a raw material, polyethylene material are used in the production of plastic bottles,buckets,chairs,tables,combs,footwear cutting across different sectors of the economy to include cosmetics,pharmaceuticals,food and beverages and petroleum.
Polyethylene or polythene is the most widely used plastic, with an annual production of approximately 80 million metric tons. Its primary use is within packaging notably the plastic shopping bag.
Polyethylene is classified into several different categories based mostly on its density and branching. The most important polyethylene grades are HDPE, LLDPE and LDPE.
The plastic industry in Nigeria is one that can accommodate different kinds of investor’s namely small, medium and large scale and an attempt would be made to analyze the opportunities available in each of this segment of the market.
Scale Scale:
In the small scale sector, opportunities exist in the production of nylon bags used for packaging of sugar, garri, bread, salt and other such food items. Production at these strata is usually without a jumbo extruder machine. The machine required are cutting and sealing machine, die-cutting machine ,generator etc.The product are cut from the extruded polythene film rolls purchased from any of the plastic producing companies . The high density polyethylene is used to make shopping bags while the low density polyethylene is used in the production of breading wrappers. The film rolls are then feed into the machine which cuts and seals the bags in different sizes required. The open end of the shopping bags is die-cut for easy handling. No die-cutting is required for the bread wrappers.
Medium Scale:
The medium scale requires more start-up capital that the small scale because of the addition of the jumbo extruder machine. It offers the investor reduced operating cost and an opportunity to make more money from the extruder machine itself. Depending on the financial strength of the investor, a waste nylon and plastic recycling plant can be added to the equipment inventory.
Polythene Shopping bags are produced with a jumbo extruder machine. They are produced with either virgin or reprocessed materials depending on the colour you want to achieve.
About N8, 100 is required to process a bag of 25 kg of raw material and a profit margin of about N2500 is feasible on a bag.
The cost of start-up usually would depend on the scope the investors wants to deploy and if the machine would be automatic or not. The source would also affect the cost outlay.
Large Scale: This segment of investment targets the production of plastic bottles, buckets, combs, footwear etc. Obviously it requires more capital investment. Plastic bottles are cylindrical containers made out of different types of resins that are manipulated to form a plastic for everyday use. Plastic bottles are ideal for holding a variety of liquids such as water ,juice,milk,shampoo,gasoline,oil,liquid detergent and the use cuts across different sectors of the economy to include pharmaceuticals, food and beverages, cosmetics and petroleum .These strata is usually controlled by Indians and Chinese in Nigeria.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
INVESTMENT OPPORTUNITIES IN THE PLASTIC INDUSTRY IN NIGERIA
Get our market intelligence report on the following related topics by clicking on any of the titles below
1. WASTE POLYTHENE MATERIALS RECYCLING IN NIGERIA; THE FEASIBILITY REPORT.
2. POLYTHENE SHOPPING BAG PRODUCTION; THE FEASIBILITY REPORT.
3. HOW TO MAKE HUGE PROFIT SUPPLYING WASTE POLYTHENE MATERIALS TO LOCAL INDUSTRIES IN NIGERIA.
1. WASTE POLYTHENE MATERIALS RECYCLING IN NIGERIA; THE FEASIBILITY REPORT.
2. POLYTHENE SHOPPING BAG PRODUCTION; THE FEASIBILITY REPORT.
3. HOW TO MAKE HUGE PROFIT SUPPLYING WASTE POLYTHENE MATERIALS TO LOCAL INDUSTRIES IN NIGERIA.
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