Do you want to start a rubber band manufacturing business? If so, find here a detailed business plan guide on making rubber bands at home or on a small scale.
An entrepreneur can initiate a rubber band manufacturing project at a home location with moderate capital investment. Rubber Band is a very useful thing in our everyday life and it seems that its demand will remain unchanged in the future also.
Rubber band manufacturing is a technically feasible and financially viable project for small business entrepreneurs.
Steps to Start Rubber Band Manufacturing Business
Market Demand & 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 for establishing a rubber band manufacturing project.
The future for natural rubber looks bright. At 5.92 million tonnes per annum, natural rubber has 39% of the world rubber consumption of 15.14 million tonnes per annum.
The rubber industry is expected to grow at over 8% per annum this decade, as the per capita consumption of rubber is 0.8 kg against 14 kg in the developed world. India is likely to become the world’s third-largest producer of natural rubber after Thailand and Indonesia, Rubber Board sources said.
The Machinery Required for Rubber Band Making Project
Rubberband manufacturing machines are available in both conditions – manual and automatic.
- Cutting Machine .5 HP
- Dip-in Tanks
- Vulcanizing Tank, Bucket, Cup, etc.
- Drying Stand
Rubber Band Manufacturing Process
There are many ways of making rubber bands. We list down some of the basic steps that are followed:
- Processing the natural latex
- Purification and making into slabs
- Squeezing the slabs to the required size
- Mixing and milling
- Heating and squeezing
- Extrusion after heating
- Curing in mandrels
- Slicing to form rubber bands
Cost & Where to Buy Rubber Band Manufacturing Machine
The average cost of a rubber band manufacturing machine will cost you around $8000 – $10,000. The best way to buy a rubber band making machine is to contact a local machine shop dealer.
However, if you are looking to buy online, the best place is to reach out to Alibaba. You can contact this supplier from Alibaba and get a free quote.
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.