Project report for Thermocol Equipment Manufacturing

In India, Thermocol has been employed almost exclusively in the packing and thermoacoustic isolation sectors; utilizing new processes and sophisticated equipment has been possible to create containers for foods with a perfect retention of liquids. The disposable plastic glass and plates are manufactured by thermoforming technique. They are fast replacing conventional glass and plates. Ice-cream and other dairy products are packed in disposable cups. Besides Ice-cream industry, hotels, restaurants, canteens etc. have been increasingly using disposable items as against conventional glass-wares or ceramic cups, glass, plates and bowls. Thermocol plates, glass and cups making business is one kind of business which can never go out of date. As long as people celebrates various occasions thermocol plates, glass and cups business can never comes down. Instead of using porcelain or other material made plates these disposable plates, glass and cups are best alternate which comes in budget. Due to the recent change in the life style of urban class the demand for disposable cups is increasing at a rapid rate. Disposable plates, bowls, drinks cups and other forms of food containers help to give us the option of eating away from home without disturbing the nutritional value of eatables. In addition to social occasions, such as picnics or barbecues, many people eat away from home at school, work or in other environments. As a whole it is a good project for new entrepreneurs to invest.

Demand for food service disposables in the market is projected to increase 3.1%  per year to INR 159600 Crores in 2019. Thermocol packaging market will expect to grow at a rate of 3.50% for the forecast period of 2020 to 2027.  Packaging will remain the most common product segment and will outpace service ware, napkins and other foodservice disposables. Retail and vending will be the fastest growing market, while eating and drinking places will remain dominant. The growing demand of the thermocol packaging due to its lightweight and durability, easy availability of product in various sizes, increasing usages of the product as insulation tiles in homes, IT buildings, offices, showroom, and others, easiness in transportation are some of the factors which will likely to enhance the growth of the thermocol packaging market in the forecast period of 2020-2027. On the other hand, availability of reliable and cost effective means to protect good from transit along with supports low thermal conductivity which will further bring various opportunities for the growth of the thermocol packaging market. The growth is driven by key factors such as rising population, increase in income levels and changing lifestyles. Increasing media penetration through the means of internet and television are fuelling the demand for packaged products in rural India.