nylon production business plan

How to Start a Nylon Production Company – Sample Business Plan Template

By: Author Tony Martins Ajaero

Home » Business ideas » Manufacturing Industry

Do you want to know the cost of starting a nylon production company (cutting & sealing machine)? If YES, here’s a sample nylon production business plan template Do you know that you can become a millionaire just by producing and selling nylon and polythene bags? This is a very good business opportunity to exploit right now, especially if you have been looking to start your own business.

The demand for nylon is very extensive and occurs on a daily basis worldwide. In fact, nylon production has significant economic importance in most countries, owning to the variety of uses to which nylon products are put. While individuals use nylon bags for a wide range of domestic purposes such as shopping, bagging, and covering, manufacturing businesses require nylon in large quantities for wrapping and packaging their products.

The thinnest forms of nylon bags, I mean those transparent films are used in packaging edible products such as bread and other non-edible products purchased from the market. Thicker forms are used in packaging biscuits and other snacks. The fairly large ones are used by laundry operators to package their clients’ clothes.

The very large forms are used for making tents and covering cars and other machinery ( Tarpaulins ) to protect them from rainfall and other harsh weather conditions. And the thickest forms are used in producing fancy shopping bags and school bags, and for other uses.

The above statements drive home the fact that you can make huge profits from nylon production. If what you are reading right now seems to be increasing your interest in this business, then read on. In this article, you will learn all you need to know to start your nylon production business.

Starting a Nylon Production Company – Sample Business Plan Template

To successfully start a nylon production company, you need the following:

• Adequate knowledge about the business
• Technical knowledge on how to product the nylon
• A practical business plan
• A good location that is close to your target customers
• The production machines
• Employees ( unless you want to run a one-man business )

Challenges of starting a nylon production company

Aside the common challenges such as finding customers, raising capital, getting a good location, etc that entrepreneurs face in business; there are two distinct challenges you are likely to face as a nylon producer, especially when you are doing business in a developing country like Nigeria . They are:

• Poor power supply – Epileptic power supply is one of the challenges most small scale manufacturers face in Nigeria. This will invariably increase your recurring expenditure as you would have to run your business on generator if you want to survive.
• From my interaction with people who are into the nylon production business, I came to understand that sourcing for the machinery can be quite a problem; especially when you are looking at expanding the business. The machine you need to produce nylon can be fabricated locally but if you are moving into large scale production, you may need to import your machinery.

The problems listed above are some of the basic challenges you will face in this business.

What are the raw materials and where are they obtained from?

The raw materials for nylon production are bye products of petrochemical processing that are obtained from refineries. These main raw materials are polythene and polyethylene . Other basic petrochemical products from which nylon is made include Escorene, Lupene, Dow, B.A.S.F ., and so on.

These materials are abundant in petroleum-rich countries with many functioning refineries. But manufacturers in other countries import the materials from Indonesia, Korea Republic, and China.

Which machinery is required for nylon production?

Here, I am assuming that you want to start a small nylon production plant, which does not require huge capital to start. So, all you need is the semi-automatic nylon-cutting machine with punching blades.

There is a separate designer component, which contains a decorating printer that prints your desired designs on shopping bags. You may not have to acquire this component, as you can sub-contract the design and printing aspect. If you are looking at small nylon bags that bear no designs, then you won’t need this component at all.

If you have small capital, you can start with the locally fabricated, semi-automatic machinery mentioned above. But if you can afford the cost, it is best to acquire a fully-automatic machine, which is much more efficient.

How are nylon bags made?

Polythene bags are made by heating and cutting rolls of film. Rolls of sheeting or tubing are fed through a machine. The machine then draws out the rolls into segments of specified length, cycles to place a seal on each segment, and cuts off each segment to make an individual bag.

The rate of production of nylon bags depend on the size and thickness of each bag produced. Small and thin bags are produced at rates as high as 70,000 bags per hour, while large and thick bags are produced at rates that could be as slow as 2,000 bags per hour.

Cheaper and smaller manually-operated machines and semi-automatic machines are usually powered by a 220-volt electric motor, but the automatic types are powered by greater components.

In the automatic machine, cutting and sealing take place in quick succession once the machine is switched on. Being automatic, the device gyrates on its own and automatically goes off upon completion of production or upon exhaustion of the roll of polythene fed into it. However, punching is done semi-manually by the puncher.

Depending on the desired styling of the bag, the upper end of the bag is punched to form a fanciful handle. This is done after the basic cutting and sealing operations. The bags are packed in hundreds and punched at a time. After punching, the final products are then packed into bigger sheets and sold in wholesale prices.

Do you really have chances of succeeding in this business ?

The answer is an emphatic “ Yes. ” Although there may be many players in your country’s nylon production industry, supply is yet far from being saturated in most countries due to the constantly huge demands. So, there is a ready market for the products everywhere at any time.

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How To Start Nylon Production Business

Interested in small nylon production business planning tips? If YES, here is a practical guide on the nylon production business.

HOW TO START NYLON PRODUCTION AND CUTTING BUSINESS

Starting a polythene nylon bag manufacturing business is one of the most viable businesses and entrepreneurs can engage in.

It is very much easy to start up and highly lucrative just for the fact that the demand for nylon and nylon materials is ever increasing with the increase in population and hence the need for packaging of more items.

And not only that, more industries are spanning up every day and with the new strategy of standard packaging of items to make them stand out among competitors, there has been a very sharp increase in the making of nylon 66 and demand for nylon materials such as whip, bracelet, and flowers.

Nylons are utilized all over the country for different purposes. They are needed both domestically in the home as well as industrially.

TYPES OF NYLON PRODUCTS

1. Low-Density Nylon 2. High-Density Nylon

These two different types of nylon vary depending on their utilization and applications.

The low-density nylon is utilized in small-scale packagings such as food and car wrapping adverts, clothing packaging, and water sealing.

The high-density nylons are the ones utilized industrially and commercially, they are stronger and more durable than the low-density nylons.

SUCCESS POTENTIAL OF NYLON PRODUCTION AND SELLING BUSINESS

A lot of small business people are involved in the manual cutting and sealing of nylons. Therefore the vast potential in the major production of the item as demands seem to be springing up daily.

CAPITAL REQUIREMENT OF NYLON PRODUCTION TECHNOLOGY

The capital requirement for the nylon production business varies depending on the financial capability of the investor. An investor could either decide to go on a big scale or a medium scale. The nylon cutting and sealing machines required for the production are also of different sizes and with different production capacities, so the availability of funds at the disposal of the investor will determine the scale of the business.

Locally fabricated nylon-making machines could as well be used for the production process. This definitely will cut the process and cost of natural nylon 6 production; though will have a smaller production capacity as compared to a fully automated nylon producing machine, which will set the investor back a huge amount of money.

MACHINES REQUIRED FOR NYLON PRODUCTION PROCESS

1. EXTRUDER BLOWING MACHINE: This is the nylon making machine that converts the raw materials that are needed for the production of nylon into a liquid state and then to polyethylene sheets, which can be molded into any desired color or thickness.

2. NYLON CUTTING MACHINE: This machine is utilized in cutting the polyethylene into different required sizes

3. PUNCHING MACHINE: This is the machine that is used to create holes, handles, and other shapes as determined by the design of the manufacturer.

PROCESS OF NYLON PRODUCTION

The major raw materials needed in the production of nylon bags are petroleum products and Master-Berg, which is the coloring material that is included in the polyethylene to give it its various colors.

In the process of producing the polyethylene sheet, the raw material, which could be BASF Escorene or DOW is poured into the heating and melting unit of the extruder machine, which is then heated, melted, and then transformed into a liquid substance, and then blown under pressure through a medium.

This is thereafter cooled through an air generating apparatus, which in the process produces polyethylene sheets, which are directed by a series of rollers and then converted into bales in the output of the extruder.

The sheets are thereafter taken to the cutting and sealing machine.

PRODUCTION PLAN

The location of a nylon production plant could be sited anywhere as long as it meets the regulations of the governing agencies. And also another factor that should be put into consideration is the nearness to raw materials and also the closeness to the market.

Adequate space to accommodate the sizes of the nylon sealing and recycling machines should be well provided and also there should be a constant source of power as most of the machines involved in the production are electrically powered.

CAPITAL EXPENSES

1. COST OF LAND: This could vary depending on the location 2. EXTRUDER/BLOWER • Foreign (Dual HD/LD Extruder Blower) N4m-N5m • Local (HD or LD) N1m-5m 3. CUTTING AND SEALING MACHINE • Double checker machine (Foreign) N2.5m-N3.2m • Local Machines N0.7m-N1.2m 4. PUNCHING MACHINE • Foreign (Hydraulic) N0.7-N1.2m • Local N0.4-N0.7m 5. PRINTING • High Definition N1.5-N2.5m • Low definition N1.0-N1.5m

Note: Prices of materials are subject to change 

TARGET MARKETS

1. Supermarkets 2. Water production companies 3. Pharmacies 4. Eateries 5. Fashion outlets 6. Laundry outfits 7. Waste management companies 8. Schools 9. Hospitals 10. Traders 11. Bakeries 12. Restaurants Etc.

If you need a free sample nylon production Business Plan, click here

One Comment

i want to start making nylon bags but i dont have experience, pls can any one help me tell me the risk involve, the minimun capital to start with, where to buy raw materials and machines and also other things needed. thank you

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Nylon Production Business Plan

• by Wisdom Enang
• February 22, 2023
• 4 minute read

Nylon Production Business Plan is elaborately explicated in this article. This will guide you to execute your nylon business.

Sample business plan for nylon production

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Nylon Production Business specializes in the production of various Nylon using various molecules consisting of alternating diamine and dicarboxylic acid monomers bonded together to form polyamide or copolymer.

The way you organize and operate this business is an important factor for the success of your customers. A well-functioning infrastructure, a suitable location, efficient manufacturing, and an online distribution structure should exist. The structure’s nature will make the business very profitable and effective.

The mission statement of the Nylon Production Business Plan

This business plan is established with a major expansion anticipated by the key objective of developing cooperation with a new business partner in the foreseeable future.

The Concept and Nature of Nylon Production Business Plan 

The business is well organized and the resources and infrastructure required for running it are machines in the production of nylon.

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The Business Strategy and mission

• The business strategy greatly depends on your achievement and has a good chance of success in the future depending on your business strategy.
• This will lead to numerous achievements like promoting the demand for nylon production.
• It will ensure the viability of the business and complete it in the Global Market.

The vision of the Nylon Production Business Plan 

The vision should be to become the largest supplier of nylon production.

The mission of the Nylon Production Business Plan 

The mission should be to have various customers and produce nylon at an affordable price without decriminalization at prices.

The Business idea value proposition

There should be a suitable location and an efficient manufacturing and distribution system; the business will likely remain profitable for a long.

Do have an appropriate management information system and let the duties and responsibilities of the personnel in the business be well defined.

There should be necessary utilities to accommodate the present and future expansion needs of the business available at the location like Electricity supply, etc.

The cost of the transportation of materials should be reasonable and you should recognize that an increase in transportation costs could harm the competitiveness of the business.

The business operations should be performed efficiently and effectively plus appropriate production facilities, storage space, and office infrastructure.

In Marketing, the business is highly effective marketing which is the key to success, the work of developing the marketing concept and supervising its implementation is placed under the direct responsibility of top management.

In a market study, we study the market environment and future trends to understand the demand for materials. They are channels for selling and distributing materials in the market.

Develop and execute a promotion, advertising, and Public Relations campaign to inform the target buyers about the materials.

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The Expected Customers and Competitors

We have a thorough understanding of the market and there is a demand for nylon production. The company is sufficiently competitive to get a good share of this market.

There are many sources of information to tap into to create a complete picture of your market.

Proposition

You should position yourself in the market and this depends on how your business partners and your competitors perceive your materials. A careful proposition will successfully differentiate your business from most of the competitors.

The competitive strategy

• The business respects important issues of social compliance that are related to the safety and well-being of your employees and the community as a whole.
• The business provides development and social benefits to the local community.
• The risks of image and financial damage to the business from any possible environmental problems are well understood, and you should comply with laws applicable to safety and the environment.

Your major concern should be to ensure the well-being of the employees and the population in the community of your business. Such practices go beyond physical well-being. It covers moral and ethical matters.

Most importantly, no discrimination based on gender, ethnic group, religion, etc. is allowed. Equal opportunities are to be provided to all.

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Development and social benefits

The business contributes to the development of the region; it is certainly an advantage to mention this in this business plan.

• Transfer of technology and management know-how; training and skill development of locals.
• Value-added to local natural resources and products.
• Local procurement and subcontracting contribute to the stimulation of the economy.
• Infrastructure/­services established by your firm which can be shared by the community (new access roads, new water supply lines, water purification plant, new electric/telephone lines, medical service, school/­kindergarten, etc.)
• Development of products or processes that have a positive impact on the environment.

Profitability Strategies

Nylon production is critical and we have identified areas where our business is vulnerable.

You need to consider possible responses to changes in the market. Thus, whether things go better or worse than expected, we have already identified the likely causes and impacts and considered the responses.

• Interest rates.
• Currency fluctuation.
• Inflation and Raw material prices, etc.

Also, a convenient procedure for handling inflation in a business plan is to assume different inflation rates for both the product’s sale price and each cost item and then to let these rates be reflected in the cash flows (which determine the net cash flow from the investment project in the future).

• Tariffs and quotas.
• Government grants .
• increase in taxes .
• New regulatory requirements.
• Exchange rate controls.
• Taste and fashion.
• Ethical issues.
• Production technology.

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Your Production process must have reliable machinery with good availability management, creative and good selling experience with adequate experience in financial planning, and marketing excellence, intellectual property trade secrets, premises with low rent, and adequate space available for future expansion.

Nylon production builds on its strengths, its weaknesses exploit opportunities, and develop strategies to deal with threats to produce maximum results.

• Nylon Production

Wisdom Enang

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How to Start A Nylon Production Business

Do you want to start a nylon production business? If so, find here a stepwise business plan guide on starting a nylon production manufacturing company with the production process, licenses, permits, machinery, etc.

The nylon production business is perfect for those who have technical skills and knowledge about the production process and market. Nylon is considered a synthetic polymer (PE Films) and refers to a segment of polymers called linear polyamides.

Globally, nylon demand is expected to increase from 2.3 per cent to 3.5 per cent from 2013-18. Nylon is more popular as the fibre used in the manufacturing of carpets and stockings. However, a significant part of global nylon production is utilized in the production of engineering polymers.

8-Step Nylon Production Plan Guide

1. market opportunity for nylon .

Some of the major products where nylon is used as a potential raw material are blouses, dresses, foundation garments, hosiery, lingerie, underwear, raincoats, ski apparel, windbreakers, swimwear, cyclewear, home furnishings, Bedspreads, carpets, curtains, upholstery, etc.

Apart from these nylon has very potential industrial applications also. Such as tire cords, hoses, conveyor and seat belts, parachutes, racket strings, ropes and nets, sleeping bags, tarpaulins, tents, thread, monofilament fishing line, dental floss, and packaging industry. The demand for nylon fiber is ever-increasing and initiating a nylon production business is a profitable small-scale manufacturing opportunity worldwide.

2. Learn the Characteristics of Nylon 

Some of the beneficial characteristics of nylon fiber are responsible for making nylon so popular and effective raw material in various industries.

• Exceptionally strong
• Abrasion-resistant
• Easy to wash
• Resistant to damage from oil and many chemicals
• Can be pre-coloured or dyed in a wide range of colours
• Melts instead of burning
• Transparent to infrared light (−12 dB)
• Low moisture absorbency
• Filament yarns provide smooth, soft, long-lasting fabrics
• Spun yarns lend fabrics lightweight and warmth

3. Create a Nylon Production Business Plan

In starting a nylon production business, creating a comprehensive business plan is mandatory. A well-written business plan will help you in getting finance and in day-to-day business operations. First, you must decide on what specific quality of nylon you will going to produce.

Before making the decision, doing intensive market research is advisable. You will need to determine the manufacturing process, required machinery, raw materials, staffing, and marketing plan. These will help you in getting a feasibility study about the business, and figuring out how much startup capital you need including fixed and working capital .

4. Legal Requirements and Registrations

Register your business with the appropriate government authorities. Choose a suitable legal structure (e.g., sole proprietorship, LLC, or corporation).

Read:  What Is a Limited Liability Company (LLC) 

It is advised to check local and national regulations for manufacturing and chemical production. Obtain the necessary licenses and permits as required.

In addition, Ensure compliance with environmental regulations, especially if your production process involves chemicals. Implement proper waste disposal and safety measures.

5. Select a Proper Location for Nylon Production Manufacturing Unit 

In initiating a nylon production company, selecting the right location for manufacturing activity is important. First, check the license and permissions needed from your location’s Government Authority.

Select a place that allows you to get smooth processing of licensing factors such as factory permission and pollution with no objection (if required). Commercial electricity is also required. It is always recommended to select a place within the industrial zone.

6. Machinery & Raw Materials

In initiating a small-scale nylon production unit, you can go for a semi-automatic process. The main required machinery is an extruder, blower, cutting machine, punching machine, and sealing machine. According to your specific requirement with the desired production output, you can start manufacturing with locally fabricated machines. As your business grows, you can convert your manufacturing operation to a fully automatic mode.

Major raw materials for nylon production are bye by-products of petrochemical processing that are obtained from refineries. These main raw materials are polythene and polyethene. Other basic petrochemical products from which nylon is made include Escorene, Lupine, Dow, B.A.S.F., etc.

7. Nylon Production Process

There are two common methods of making nylon for fibre applications. One method is, that molecules with an acid (COOH) group on each end are reacted with molecules containing amine (NH2) groups on each end. The resulting nylon is named based on the number of carbon atoms separating the two acid groups and the two amines.

Thus nylon 6,6 which is widely used for fibers is made from adipic acid and hexamethylenediamine. The two compounds form a salt, known as nylon salt, with an exact 1:1 ratio of acid to base. This salt is then dried and heated under a vacuum to eliminate water and form the polymer.

In another method, a compound containing an amine at one end and an acid at the other is polymerized to form a chain with repeating units of (-NH-[CH2]n-CO-)x. If n=5, the nylon is referred to as nylon 6, another common form of this polymer. The commercial production of nylon 6 begins with caprolactam and uses a ring-opening polymerization.

In both cases, the polyamide is melt-spun and drawn after cooling to give the desired properties for each intended use. Industrial nylon production and carpet fibres begin with an aqueous solution of monomers and proceed continuously through polymerization, spinning, drawing, or drawing-texturing.

Like any manufacturing initiative, the nylon production business also demands a core emphasis on design, integration, and improvement of the manufacturing system and process.

Marketing and Distribution

Create a brand identity and logo for your nylon products. You must invest in professional packaging to enhance product appeal. Distribution:

It is important to determine your distribution channels. It can be sold directly to consumers, wholesalers, or through retailers.

Also, Establish an online presence through a website and social media platforms to reach a wider audience.

Frequently Asked Questions

What types of nylon products can i produce.

You can produce various nylon products, including nylon sheets, rods, tubes, filaments, fabrics, and industrial components.

How can I ensure the quality of my nylon products?

It is strongly advised to implement rigorous quality control processes throughout the production cycle. Also, invest in testing equipment to check for strength, durability, and other specifications.

Where can I find suppliers for raw materials?

You must look for reputable suppliers of nylon resins and additives within your region or consider importing materials based on cost-effectiveness.

Are there any environmental concerns in nylon production?

Yes, nylon production may involve the use of chemicals. You need to ensure proper waste disposal and comply with environmental regulations.

How can I market my nylon products effectively?

It is advisable to develop a strong online presence, attend industry trade shows, and establish relationships with distributors and retailers. Also, highlight the quality and durability of your products in marketing materials.

What are some trends in the nylon industry?

New trends include the use of recycled and sustainable materials, the development of high-performance nylons, and innovations in nylon applications, such as in 3D printing.

About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.

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• Business Plan

Nylon Production Business Plan in Nigeria

Nylon Production Business and Financial Plan

Our Nylon Production Business Plan in Nigeria is well documented and can also be used for, but not limited to:

• Grant Applications,
• Bank Loans,
• Proposal writing,
• Business Concept Note,
• Competitions e.t.c

Purpose of the Nylon Production Business Plan in Nigeria

Benefits of the nylon production business plan in nigeria.

The Nylon Production Business Plan in Nigeria is beneficial because

• It helps in outlining the steps needed to achieve the business goals and ideas.
• It helps to articulate strategy to stakeholders who support the business.

Importance of the Nylon Production Business Plan in Nigeria

The Nylon Production Business Plan in Nigeria is important because

• It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business.
• It will additionally gives distinctive statistics on all components of the business, outlining the business desires and the steps required to achieve them.

Content of the Nylon Production Business Plan in Nigeria

• Executive Summary
• Introduction
• Business Description
• Keys to Success
• Products and Services
• Market Analysis
• Our Target Market
• Pricing Strategy
• Competitor Analysis
• Sales and Marketing Plan
• SWOT Analysis
• PEST Analysis
• Operational Plan
• Management plan
• Financial Plan and Projections
• Financial Diagnostics

Download The Complete Nylon Production Business Plan in Nigeria

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How to Easily Start a Successful Nylon Production Business in Nigeria

Starting a nylon production business in Nigeria can be a lucrative venture. With the ever-increasing demand for packaging materials in various industries, there is a constant need for high-quality nylon products. If you’re considering entering this industry, this comprehensive guide will provide you with a step-by-step roadmap to help you establish and run a successful nylon production business in Nigeria.

Starting a nylon production business in Nigeria requires a deep understanding of the industry and a clear roadmap. This article will guide you through the essential steps to establish and run a successful nylon production business in Nigeria.

Market Research and Feasibility Study

Before diving in, conduct thorough market research and feasibility study to understand the demand for nylon products, your target market, and the competition. This step is crucial in determining the viability of your business.

Business Plan Development

Create a detailed business plan that outlines your business goals, strategies, and financial projections. A well-structured plan is essential for attracting investors and securing loans.

Legal Requirements and Registration

Register your business with the appropriate government agencies and ensure compliance with all regulations and standards governing the nylon production industry in Nigeria.

Location and Infrastructure

Select a suitable location for your production facility. Ensure that you have adequate space, utilities, and infrastructure to support your operations.

Procurement of Equipment and Materials

Invest in high-quality production equipment and source the necessary raw materials. The quality of your equipment directly impacts the quality of your nylon products.

Staffing and Workforce

Hire skilled and experienced personnel who are well-versed in nylon production processes. Training your staff is crucial for maintaining product quality.

Production Process

Establish an efficient production process that minimizes waste and maximizes output. Consistency in product quality is essential to build a good reputation.

Quality Control

Implement a rigorous quality control system to ensure that your nylon products meet industry standards. Consistently high-quality products will attract more customers.

Marketing and Sales Strategies

Develop effective marketing and sales strategies to reach your target audience. Utilize digital marketing, trade shows, and partnerships to grow your customer base.

Distribution and Logistics

Create a reliable distribution network to deliver your products to customers on time. Efficient logistics are crucial in the nylon production business.

Financial Management

Maintain a sound financial management system to track expenses, revenues, and profits. Careful financial planning is essential for long-term success.

Environmental Considerations

Implement eco-friendly practices to reduce the environmental impact of your business. Sustainability is increasingly important in today’s market.

Challenges and Solutions

Understand the challenges you may face in the nylon production business, such as fluctuating raw material prices and competition. Develop solutions to overcome these challenges.

Unique FAQs

1. What is the demand like for nylon products in Nigeria?

• The demand for nylon products in Nigeria is consistently high, given their widespread use in various industries, including retail, agriculture, and packaging.

2. How can I source raw materials for nylon production in Nigeria?

• You can source raw materials from local suppliers or consider importing high-quality materials to ensure the best product quality.

3. What legal requirements must I meet to start a nylon production business in Nigeria?

• You need to register your business with relevant government agencies, obtain necessary permits, and ensure compliance with industry standards and regulations.

4. What are the major challenges in the nylon production business in Nigeria?

• Challenges include fluctuating raw material prices, competition, and environmental concerns. Overcoming these challenges requires careful planning and adaptability.

5. How can I market my nylon products effectively in Nigeria?

• Effective marketing strategies include digital marketing, trade shows, partnerships, and building a strong online presence to reach your target audience.

Starting a nylon production business in Nigeria is a promising endeavor if you follow the right steps. With dedication, quality control, and effective marketing, you can establish a successful business in this industry.

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Nigerian Finder

How to Start Nylon Production Business in Nigeria

The nylon production business is an exceptionally lucrative venture that holds promising prospects for entrepreneurs in Nigeria. The demand for nylon products remains consistently high due to their versatile applications, including packaging, shopping, and bagging. If you considering starting this business, read this article to the end as we provide a step-by-step guide on how to start a nylon production business in Nigeria. 

How to start nylon production business in Nigeria: 

Gain Experience in Nylon Production 

It is highly advisable to acquire a comprehensive understanding of the nylon production business. Consider working in a nylon production facility for a period to gain valuable hands-on experience.  

Alternatively, attending seminars and trade workshops can also contribute to your knowledge and skill development. Seeking advice from experienced individuals, particularly those outside your immediate area to avoid potential competition, can provide valuable insights and help you make informed decisions. 

Getting relevant experience before starting a nylon production business will enhance your credibility as a business owner, equip you with problem-solving skills, as well as help you gain insights into customer preferences, needs, and expectations. 

In addition, engaging in this learning process will help you avoid common mistakes and pitfalls, and build valuable networks and connections with industry experts, suppliers, customers, and potential partners.  

Conduct Market Research  

  Conduct a comprehensive market survey to identify your target market before entering the nylon production business. This survey should be conducted within the area where you plan to establish your production facility.  

Potential target markets in Nigeria typically include pharmacies, water production companies, eateries, restaurants, traders, hospitals, bakeries, supermarkets, laundries, fashion stores, and schools. 

Secure Adequate Capital 

  The capital required for your nylon production business hinges on its scale and scope. You must determine how to cover your startup expenses. If personal funds are insufficient, exploring loans as a source of capital may be necessary.  

  Key expenses to cover include land acquisition or lease, equipment, labor, electricity, generators, and other operational costs. Machine procurement, whether imported or locally sourced, may cost approximately N16 million or N8 million, respectively. Budgeting between N10 million and N30 million is recommended, although the exact figure depends on the location and operational scale. 

Secure Suitable Land 

  Procure a suitable piece of land to accommodate your nylon production facility. Ideally, the location should be near your sources of raw materials and target markets to minimize transportation costs. The site must be spacious enough to house all the necessary machines for nylon production. 

Get Your Business Registered 

  Registration of your nylon production business is the next step of the process. In Nigeria, business registration is crucial as it makes your business legitimate and credible, make it easier to access bank loans and grant, and protect your personal assets from any potential legal issues or debts that may arise from the business.  

The Corporate Affairs Commission (CAC) is the government agency in Nigeria to register your business. 

Below is the registration process for business with CAC: 

• Check for the availability of the business name by visiting https://services.cac.gov.ng/  
• Complete the pre-registration form – CAC-BNo1 and upload the relevant registration document online using Company Registration Portal 
• Pay filing fees. 

Get Necessary Machinery 

  Acquiring the necessary machinery is the next stage of the process. Depending on your budget you may choose to buy the machines from abroad or source them locally. The equipment you need to get for your nylon production business includes the extruder blowing machine, nylon cutting machine, punching machine, and printing machine.  

  Note that the choice between foreign and local machinery depends on your budget, production capacity, and quality standards.  

  In addition, you may consider investing in getting a delivery truck for efficient transportation to the market.  

Employ a Competent Workforce 

  Building a capable workforce is essential for the entire nylon production process. Engage skilled engineers for machine installation, as well as machine operators, truck drivers, product managers, sales executives, and other relevant positions. Prioritizing experienced professionals can greatly benefit your nylon production business.   

Get Raw Materials  

  The foundation of nylon manufacturing rests upon essential raw materials derived from petrochemicals, which originate from either crude oil or natural gas. These petrochemicals undergo processing to create key intermediates like adipic acid, which is indispensable in the production of nylon 6,6.  

Hexamethylene Diamine (HMDA) is another critical component necessary for nylon 6, and cyclohexane plays a pivotal role in the polymerization process. 

These vital raw materials can be sourced from prominent suppliers, distributors, and even the manufacturers producing them. 

Begin Nylon Production 

  With the raw materials, necessary equipment and a competent workforce all sorted out, the next thing to do is to begin nylon production. If you had acquired experience at the beginning of this journey, the nylon production stage would not be so difficult. Moreover, a competent workforce as part of your team makes this stage a lot easier.  

  The nylon production process usually commences with the introduction of raw materials into the heating and melting unit of the extruder machine. Subsequently, these materials transform into a liquid state and are then pressurized and blown through a medium. After this, the material is cooled, resulting in the creation of polythene sheets, which are subsequently fashioned into bales, ready for cutting and sealing. 

Get Customers for Your Nylon Production Business 

To grow your nylon production business, focus on targeting industries and businesses that need to use nylons for their operations. Your potential customers include pharmacies, water production companies, eateries, restaurants, traders, hospitals, bakeries, supermarkets, laundries, fashion stores, and schools .  

Also, consider creating a professional website to reach a wider audience. Utilize SEO best practices, social media and sharing quality content around the nylon industry to grow your customer base.  

Furthermore, invest in advertising and network within relevant industry associations. Patience and persistence are essential as you build strong customer relationships and deliver consistent value over time to foster business growth. 

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• SWOT Analysis

How to start nylon business in Nigeria? Business plan

Nylon (polythene) materials have become essential in most Nigerian businesses as they are mainly used for packaging goods for both domestic and industrial use. The high demand for nylon materials, especially nylon bags, in a short time, produces a lot of profit for nylon business owners. This, therefore, makes the nylon production business in Nigeria a very lucrative one. The nylon business in Nigeria requires no stress to start thereby making a lot of young entrepreneurs that are innovative gain interest in the business. 

Nylon products are used daily all over the world. In Nigeria nylon is used to make bags and wraps to package food and non-edible goods like clothes, books, devices and the list goes on. Nylon products come in two major forms, thin (low density) and thick (high density) nylon forms. Thin nylon forms can be torn easily and are mostly used in local markets to package goods for customers. Thin forms are usually cheaper than thick nylon forms. Thick nylon forms are used for goods that require firmer packaging for protection. An example is edible goods that require to be shipped or transported from place to place. 

Nylon bags, a major product of nylon, are made in a variety of sizes and colours for different purposes based on the needs of the business. For instance, a waste collection company would most likely require large nylon bags that are black in colour and a crawfish seller at a local market would probably require small nylon bags that are transparent. 

Some disadvantages of nylon that one should know before starting a nylon business are:

• Nylon is resistant to fire which makes it melt. Exposure to high temperatures would cause the nylon to melt. 
• Nylon is not a breathable material, therefore, making it harmful to living things like humans and animals. 
• Nylon is not biodegradable and can not be disposed of easily. The nylon waste products require recycling. 

Nylon Wholesale Business in Nigeria

Starting a nylon wholesale business in Nigeria is quite easy. With a strategic business plan and adequate finances in place, your nylon wholesale business in Nigeria can begin. 

Some things to know before beginning your nylon production business are the kind of raw materials needed, the cost of raw materials, the type and cost of machines required for production, the process required for your nylon products to be made, the human resources required, maintenance costs, your competitive environment, pricing of your nylon products and how to market your goods. 

The startup cost for a nylon wholesale business in Nigeria has become quite high due to the rapidly increasing exchange, however, the nylon production business can yield more than 50% in returns for investment once started. 

One can choose to sell one particular type of nylon product or a variety of them based on size, thickness, purpose and colour. 

The challenges faced by most nylon production companies is another thing entrepreneurs should be aware of before diving into the nylon wholesale business in Nigeria. A major challenge faced by nylon production companies in Nigeria is that of a low supply of electrical power. This issue leads to inconsistency and the slowing down of production. A solution to this is nylon business owners acquiring a means of power supply such as a generator that is suitable enough to power all the machines used in the nylon production process. In as much as this is a solution, it has the disadvantage of increasing the nylon production cost which leads to a decrease in profit. 

Another challenge is that nylon and plastic products, in general, are a hazard to the environment. Some consumers, after making use of their bought goods, do not properly dispose of the nylon bags. A lot of plastic waste is found in drainages, lakes and rivers, roadsides and so on. This is harmful and unpleasant to the environment. Some innovative nylon business owners resolved this issue by sorting out plastic waste and recycling them into nylon bags and other plastic products. This reduces the amount of plastic waste in the environment.

There is also the issue of machines being hard to find especially when going large scale in nylon production. Most nylon business owners resort to locally made machines.

How to Start a Nylon Wholesale Business in Nigeria

A few steps to starting a nylon wholesale business in Nigeria are:

• Choose a nice – Decide on the kind of nylon products you would like to produce.
• Do some research – Learn about the kind of products you would be making, observe your competitors and find out the total capital you would require for your business based on your choice of having either a large or small scale business.
• Create a business plan – This is simply a strategic plan of your business objectives, goals, operations and summary of finances. This guarantees your business runs smoothly. 
• Gather capital – Adequate funds required to buy machines, raw materials and all other costs should then be put together to start up the nylon production business.
• Business registration – In Nigeria, registering your business is an essential step. This process gives you an insight into rules, guidelines and restrictions with regards to the running of your business. 

The machines required for a nylon production business are the extruder, cutting machine, blowing machine, printing machine, mixer and recycling machine.

The raw materials required are low-density polyethylene (LDPE), high-density polyethylene (HDPE) chips and colour pigments. 

The main procedures involved in nylon bag making are: 

• Extruding – A machine called an extender is used to heat up and melt the polyethylene plastic pellets at a high temperature of 260°C or 500°F. After melting, colour pigments are added and the plastic is then rolled out flat with a die measuring out the desired thickness. 
• Printing – The printing machine cuts out the rolled out plastic into different sizes or designs and it is then given the desired texture. 
• Bag Making – This final procedure involves giving the nylon bags the appropriate finishing based on the function of the bags. Nylon business owners choose from the options of giving the bags zip locking, handles, holes, vents and so on.

In just a few minutes, thousands of nylon bags can be made. The finished nylon products are then packaged and sent out to be distributed to wholesalers and retailers. 

Small Scale Nylon Production in Nigeria

Starting up nylon production in Nigeria on a small scale could cost as low as N200,000. The amount could be less or more. This startup cost should be able to provide a locally made nylon cutting machine, raw materials ( LDPE and HDPE chips with pigments) and any extra costs. 

Nylon products, especially nylon bags, sell on the market for thousands of naira. For instance, a medium-sized set of nylon bags could sell for about N3,000 for a hundred pieces. This price of course depends on the thickness, texture and design of the nylon bags. 

On a small scale, a nylon production business owner can make profits of thousands of naira on a daily basis. In a year, one can be making a total profit of about a million to two million naira for a small scale nylon production business in Nigeria. 

Locally Made Nylon Cutting Machine in Nigeria

Entrepreneurs with interest in nylon production in Nigeria usually make use of locally made nylon cutting machines as they are easier to find, efficient and save on cost. 

Locally made nylon cutting machines are made from iron that is light in weight, therefore, making the machine easy to move around. The cutting machine includes features capable of bottom and side sealing as well as bag punching. The machine consists of four parts which are:

• Sealing machine
• Cutting machine 
• Punching machine

The locally-made machine is used to make different types of nylon bags for different commercial purposes whether to package edible goods or non-edible products. 

The locally-made machines are easy to use and do not require a large supply of power as a small generator can do the job of supplying electrical power to the machines without any fault or damage. 

Nylon Bag Making Machine Price in Nigeria

The price of nylon bag making machines in Nigeria can be from as little as N20,000 to hundreds of thousands for a small scale nylon production business. For medium to large scale nylon production businesses in Nigeria, nylon bag making machines cost around a few million to tens of millions of naira. 

Nylon Production Companies in Lagos

In the last decade, the number of nylon production companies in Lagos has increased. There are now dozens of these companies in Lagos contributing a lot to the economy of the state. 

These nylon production companies, on a larger scale, produce not just nylon products but other products of plastic. They produce a variety of plastic products and distribute them within and outside the country. 

Thousands of job opportunities have been created by these companies in the last couple of years. 

The most popular of these companies are Veepee Industries, Kannie Plastic Limited and Poly Products Nigeria Plc. The oldest of them, Poly Products Nigeria Plc, was founded in 1965 and currently runs with a staff of about 2,400 people. 

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• Plastics Polymers & Resins
• Nylon Market

"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Nylon Market Size, Share & Industry Analysis, By Type (Nylon 6 {Resin & Fiber}, Nylon 6,6 {Resin & Fiber}), By Application (Automotive, Electrical & Electronics, Appliances, Film & Coating, Wire & Cables, Consumer, Industrial & Machinery, and Others), and Regional Forecast, 2024-2032

Last Updated: April 08, 2024 | Format: PDF | Report ID: FBI102007

• Segmentation
• Methodology
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KEY MARKET INSIGHTS

The global nylon market size was valued at USD 31.09 billion in 2023 and is projected to grow from USD 32.64 billion in 2024 to USD 48.86 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period.

Typically, nylon or polyamide (PA) is manufactured by polymerizing  caprolactam or adipic acid & hexamethylene diamine. It is a highly versatile polymeric material used in various industries for different applications. Be it automotive applications or sports, adoption of the product is significant. For instance, polyamide fiber is used in the airbags of vehicles as well as in professional volleyball nets.

Players operating in this industry are improving their production capacities to serve the increasing demand from various end-use industries. For instance, in July 2022, Invista announced investments in its production plant in South Carolina, U.S. The investment will change the facility’s polyamide production process and logistics capabilities. Plant construction is expected to be completed by 2024.

PA 6 & PA 6,6 are prominently used in the automotive industry. The outbreak of the COVID-19 halted the production and operations of more than 250 automotive manufacturing facilities globally. As a result, demand significantly went down, and a double-digit decline incurred in 2020 as compared to 2019. However, the market started a recovery in 2021 due to decreased cases of the COVID-19 and changing government norms to revamp the manufacturing industries.

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Nylon Market Trends

Inclusion of PA 6 & PA 6,6 in 3D Printing to Provide Market Growth Opportunities

PA 6 & PA 6,6 have superior properties, such as high durability and flexibility, making them a good choice for 3D printing . Excellent malleability makes them much tougher than other traditionally used thermoplastics such as PLA and ABS. Thus, these polymers have the potential to become the go-to material for 3D printers. PA exhibits excellent chemical resistance and mechanical properties comparable to ABS. It has an impact resistance that is significantly higher than that of ABS, thus making it a potential material of choice in manufacturing industrial components. Besides, the moisture absorption property helps with easy post-processing with fabric dyes and spray paints.

The flexibility and durability of polyamide can help in 3D printing parts with thin walls. The low coefficient of friction with a high melting point makes it especially resistant to abrasion. Thus, it can be used in printing parts such as functional interlocking gears. Advancements in 3D printing technology are likely to augment polyamide adoption in industrial 3D printing operations.

Nylon Market Growth Factors

Rising Demand from the Automotive Industry to Drive Market Growth

Polyamide is extensively used in the automotive industry due to its high workability, strength, and toughness. The polymer supports both the molding and extrusion processes, so it can be used to manufacture a variety of auto parts. Properties, such as high-temperature resistance and chemical resistance, make it the material of choice for harsh environments. For instance, auto parts that are exposed to extreme temperatures & fluids, such as engine lubricants , are developed from polyamide. PA 6 & PA 6,6 parts are relatively lighter than metallic components. This factor can significantly improve the efficiency of conventional IC-powered vehicles. Due to the high prices of gasoline and rising environmental concerns, vehicle economy is becoming the main aspect when purchasing vehicles.

The automotive sector has witnessed a paradigm shift toward electric vehicles over the past few years. Major automakers, such as Ford, General Motors, Volkswagen, Toyota, and Tata Motors, are already bidding high on the electric future. Maintaining a high power-to-weight ratio is a key challenge for the electric vehicle industry. Since lighter vehicles influence the battery size, employing lighter materials can be crucial in reducing the overall weight of the electric vehicle. Developing economies, such as China and India, are likely to witness an increase in demand for mobility solutions during the forecast period owing to the volume growth in population. The rising purchasing power of consumers in developing economies is likely to push demand for both commercial and passenger vehicles. Advanced engineering materials are likely to be widely employed in auto parts manufacturing due to their superior properties. Thus, rising demand for the material from the automotive industry is anticipated to drive market growth.

Surging Demand from Electrical & Electronics and Wire & Cable Applications to Drive Market Growth

The surging demand for nylon in electrical & electronics and wire & cable applications is fueling market expansion. The exceptional properties of the product, including high strength, flexibility, and thermal resistance, make it an ideal material for insulation and protecting wires and cables in various electronic devices and electronic systems. As the electronic industry continues to grow and innovate, there is an escalating need for reliable and durable materials to ensure the safe and efficient transmission of electrical signals. The product’s versatility and ability to meet stringent industry standards for performance and safety make it increasingly sought after by manufacturers. Moreover, the transition towards electric vehicles and renewable energy infrastructure further amplifies the demand for the product in wire & cable applications, significantly driving the market growth.

RESTRAINING FACTORS

Strict Regulation for the Reduction of Negative Environmental Impacts to Hinder Market Growth

Plastic pollution has become the most pressing challenge that the world currently faces. PA 6 and PA 6,6, which are non-biodegradable, remain in the environment for several years. Microplastics, formed due to the breakdown of macroscopic plastics, have a negative environmental impact. These microplastics contaminate the oceans and are ingested by aquatic creatures. Fishing nets are among the major sources of microplastic pollution in the ocean, other than the synthetic textile fibers that wear off during washing.

The dyeing of fibers can contribute significantly to water pollution since a significant share of polymers is typically produced in countries with weaker environmental regulations. Polyamide production and processing are among the significant contributors to water pollution in developing economies. Furthermore, the production process itself is an energy-intensive process leading to increased fuel consumption and greenhouse gas emissions.

Consumers have become increasingly aware and concerned about environmental health in the past decade. In response, governments and international organizations, in collaboration with the private sector, are establishing methodologies to monitor the adverse effect of polymers. Companies utilizing polyamide and similar polymers are required to restrict and regulate their use to meet stringent standards. This factor may hamper the market growth.

Nylon Market Segmentation Analysis

By type analysis.

Nylon 6 to Account for Major Share Due to High Adoption and Cheap Cost

By type, the market is segregated into Nylon 6 (resin, fiber) and Nylon 6,6 (resin, fiber). Nylon 6 fibers dominate the global market due to their strong adoption in the textile industry. Due to its high mechanical strength, toughness, and wear resistance, it is used to manufacture webbing products such as dog leashes, safety belts, luggage straps, sports goods, and others.

Nylon 6,6 possesses excellent properties, such as high elasticity of engineering plastics, making it ideal for injection molding applications. It is predominantly used to make plastic components for automotive, electronic appliances, and other industries. Besides, PA 6,6 films and coatings produced by the extrusion process have a healthy demand in the packaging industry, especially for food & fluids packaging such as grease, acidic food, and oils. These are clear, printable & thermoplastic films that make them ideal for industrial applications. It is also suitable for use in microwave cooking applications. These films have exceptional strength, toughness, and excellent oxygen barrier properties while also being puncture, scratch, and flex-crack resistant.

By Application Analysis

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Automotive Segment to Hold Highest Revenue Share Owing to its Extensive Applications

By application, the market is categorized into automotive, electrical & electronics, appliances, film & coatings, wire & cables, consumer, industrial & machinery, and others. The automotive segment accounted for the largest nylon market share in 2023. Due to the high usability of the resin and fiber in automobiles in the form of tire cord, airbags, and injection molded components, results in high revenue generation from the automotive segment. The demand for plastics to optimize fuel efficiency and reduce vehicle weight is continuously increasing in the automotive industry. With the increasing sales of electric vehicles and the establishment of proper electric vehicle infrastructure, engineering plastics are expected to play a major role.

The film & coatings segment accounts for a prominent share of the global market. Polyamide films exist as un-oriented polymers and bi-axially oriented (BOPA) films. These films are predominantly used to package goods & products that require a high oxygen barrier and high strength. Some of these goods & products include processed meat (sausage, bacon), cheese & other dairy products, smoked fish, and semi-finished microwavable meals. Moreover, these films are easily recyclable. The ban on the use of single-use plastics globally is expected to boost market share during the forecast period.

REGIONAL INSIGHTS

Asia Pacific Nylon Market Size, 2023 (USD Billion)

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Asia Pacific held a significant market share in 2023 and is anticipated to remain dominant, owing to the rising demand from automotive and films & coating applications for the packaging industry during the forecast period. The demand in the region is predominantly driven by emerging economies such as China and India. China accounts for more than half of the total consumption and production in the region. Also, to decrease its dependence on imports, major producers are coming up with production facilities in China to cater to the rising demand in the country and the surrounding region. On the other hand, PA 6 and caprolactam are oversupplied in the regional market, which resulted in lower operating rates.

North America is one of the largest producers of polyamide. The automotive industry drives the regional market. The U.S. has witnessed rapid increase in electric vehicle sales in recent years, which is likely to continue during the forecast period. According to the U.S. Department of Energy, electric vehicle sales increased by 85% in 2021 relative to the previous year. This factor includes increased demand for commercial and passenger vehicles over the last decade. The ban on single-use plastics in the U.S. is expected to further increase the demand for nylon films in the region. 

The Europe market is expected to grow moderately over the forecast period, backed by strong demand from the automotive industry. Lawmakers in Europe are introducing attractive norms, such as subsidies, to increase the sales of electric vehicles . For instance, Germany has increased the subsidy granted on electric vehicles and extended the environmental bonus criterion to e-vehicle owners until the end of 2025. Similarly, France has also increased the subsidy amount. Meanwhile, countries, such as Sweden, have announced an exemption from vehicle tax for e-vehicle owners. This factor is expected to increase electric vehicle sales and consumption in the automotive industry during the forecast period. Moreover, the EU has voted for a complete ban on single-use plastic by 2021, which is expected to boost the consumption of recyclable plastic films during the forecast period.

Latin America and the Middle East & Africa account for single-digit shares in the global market. In Latin America, Mexico is the key consumer. However, Brazil is projected to indicate the fastest growth in the regional market due to the fastest end-use industry growth. Moreover, the healthy growth of all end-use industries in the rest of the Latin American economies, such as Columbia and Argentina, are also expected to drive the market.

The Middle East & Africa market is projected to grow at a moderate CAGR during 2024-2032. GCC dominated the market due to rapid industrialization in the region. Rising adoption of industrial coatings , growth in automotive sales, and favorable growth in the construction industry are driving the nylon market growth in the region.

List of Key Companies in Nylon Market

Major Companies Focus on Expansion of Production Facilities to Boost Sales Revenue

The global market is already oversupplied due to a large number of installed capacities. Key players in the supply chains are increasing the capabilities of the product and its feedstock, such as adiponitrile. Ube Industries, INVISTA, and Ascend are some of the players expanding their capacities and feedstock to meet the increasing demand. Also, the prices of these polymeric materials are highly volatile, which is expected to hamper market growth. However, pricing contracts with customers may help stabilize the costs. Also, the changing geopolitical equations and trade policies directly impact the supply chain.

LIST OF KEY COMPANIES PROFILED:

• DuPont (U.S.)
• BASF SE (Germany)
• Lanxess AG (Germany)
• Nylon Corporation of America, Inc. (U.S.)
• Shenma Industrial Co., Ltd. (China)
• Ascend (U.S.)
• Domo Chemicals (Germany)
• Radici Partecipazioni SpA (Italy)
• Invista (U.S.)
• DSM (Netherlands)
• Formosa Group (Taiwan)
• SINOPEC (China)
• Ube Industries (Japan)
• LIBOLON (Taiwan)
• ZIG SHENG INDUSTRIAL CO., LTD. (Taiwan)

KEY INDUSTRY DEVELOPMENTS

• April 2023: Microwave Chemical and Asahi Kasei together launched a demonstration project for the commercialization of the chemical recycling process for Nylon 66 using microwave technology.
• April 2023: Tire and nylon manufacturing company Kordsa announced to invest USD 50 million for the expansion of its nylon production at its Chattanooga plant. The move is anticipated to enable the company to meet the rising demand from the automotive industry.
• March 2022: BASF planned to expand the production capacity of its Ultramid polyamide in India. The increase in capacity expansion is aimed to meet the growing requirements of PA 6 and PA 6,6 in domestic end-use industries such as automotive, electronics, consumer goods, and industrial manufacturing.
• January 2022: BASF announced plans to expand its PA 6,6 production in Freiburg, Germany. BASF has also decided to build a new hexamethylene diamine (HMD) plant in Chalampé, France. HMD is a precursor used in producing PA 6,6 plastics and coating raw materials. This plant is expected to start production by 2024.
• January 2022: Invista and China Pingmei Shenma Group signed agreements to establish a strategic relationship. This agreement includes a five-year plan for the purchase and sale of adipic acid and adiponitrile and the license of key technologies for polyamide manufacturing.
• November 2021: LANXESS announced to expand its high-tech plastics production capacity in China. These plastics include polyamide compounds marketed under the brand name Durethan. The company planned to invest funds to increase the total production capacity of high-tech plastics in China by 30,000 metric tons per year. Through this expansion, the company aims to meet the rising demand from the Chinese automotive industry, especially in the electric vehicles segment.
• June 2021: Ascend Performance Materials enhanced the production capacity of its HiDura PA 610 and 612, the new long-chain PA product line. These polymers will be used to develop durable materials for EVs, consumer goods, and industrial applications.

REPORT COVERAGE

An Infographic Representation of Nylon Market

To get information on various segments, share your queries with us

The report provides qualitative and quantitative insights on the growth rate, market share, size, and trend analysis by different segments. Along with this, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are porter’s five forces, recent industry developments in the market, regulatory scenario in crucial countries, macro & microeconomic factors, SWOT analysis, key industry trends, competitive landscape, and company profiles.

REPORT SCOPE & SEGMENTATION

Frequently asked questions.

Fortune Business Insights says that the market was valued at USD 31.09 billion in 2023 and is expected to reach USD 48.86 billion by 2032.

Growing at a CAGR of 5.1%, the market will exhibit considerable growth over the forecast period.

The automotive segment is the leading application in the market.

Increasing consumption from the automotive and film & coatings industries shall drive the growth of the market.

Asia Pacific currently holds the highest market share in terms of market revenue.

DuPont, BASF SE, NYCOA, Lanxess, and INVISTA are the key players in the market and have adopted strategies, such as acquisition and capacity expansion, for their growth in the market.

Bio-based PA 6 products are an emerging trend in the global market.

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• STUDY PERIOD: 2019-2032
• BASE YEAR: 2023
• HISTORICAL DATA: 2019-2022
• NO OF PAGES: 185

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The global nylon market size was valued at $31.09 billion in 2023 & is projected to grow from $32.64 billion in 2024 to $48.86 billion by 2032

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Our Nylon and Polythene bag production business plan in Nigeria will help you with all the necessary information needed to start a lucrative nylon and polythene bag production Business in Nigeria.

As you already know Nylon and polythene bags is one product that’s always in demand on daily basics and and tapping into this business is sure to yield huge success if you follow every step that will will reveal in our nylon and polythene bag production business plan in Nigeria.

This is one thing you must consider when going into manufacturing business, “the rate of demand”. For nylon bag its very high.

In our homes, we use nylon bags for different purposes like waste disposal, bagging etc. manufacturing businesses use it for wrapping and packaging their products, laundry operators also use nylon bags for packaging, some are also use as fancy bags, tarpaulin to protect cars from the sun etc. The use of nylon and polythene bags is endless and that is the reason the demand for the product is high which makes it a very profitable business in Nigeria.

Starting a nylon bag business is not difficult at all whether as a small scale or large scale level. The machines are not too expensive to buy and the raw materials you can get locally.

One important thing you must note is that there are two different types of nylons, the low density and the high density nylons. Small packaging companies always prefer the low density nylons for wrapping, sealing and packaging their products while industrial and commercial establishment prefer using high density nylons because they are stronger and more durable than the low density nylons.

Table of Content for Nylon & Polythene Bag Business Plan in Nigeria

Executive Summary Introduction Business Description Products and services Competitive Advantage Market Research Competitor Analysis Sales and Marketing Plan Operational Plan Business Risk Management and Structure Financial Plan and Projections

Our Feasibility study on Nylon and polythene bag Production Business Plan in Nigeria has been well written for  Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Nylon Production Business Plan is a lucrative business that needs a lot of strategic Planning.

GET YOUR NYLON BAG BUSINESS PLAN / FEASIBILITY REPORT.  Call us On 07036785443 or  To place an order, pay N10,000 to

GTBank (Guaranty Trust Bank) Account Name – Uwadia Eyemeka Account No – 0127561472

The Production Process

The processes involved in the production of polythene bags are actually cumbersome According to polybags.com, nylon pallets are melted down under a controlled temperatures as to ensure that they become molten and pliable. They are then pressed through a circular die gap to form a continuous tube of plastic. Polythene bags are made by sealing and cutting rolls of film. Rolls of tubing or sheeting are fed through a machine that draws materials out to the proper length.

How to Start a Nylon & Polythene Bag Production Business in Nigeria

Get trained / experience.

The first thing you need is a good and up-to-date nylon & polythene bag production business plan. Having a business plan and a good feasibility study is one way to succeed in any business.

The start up costs, equipment you need, the best location for the business and the management structure of the business is contained in the business plan so it is very important.

Its always very important to get the necessary knowledge prior to launching an business which required production. Like the saying goes if you fail to plan, you are inadvertently planing to fail. You can gain the necessary experience and these can be gathered by working with a nylon plant operator or perhaps by attending seminars and workshops. These are one of the numerous avenues by which you can gain knowledge necessary to start a nylon bag business in Nigeria. Trust me you need both skill and experience to succeed in any business you might want to venture into in Nigeria.

Nylon Bag & Polythene Production Feasibility Study

Our feasibility study on nylon production business in Nigeria shows that there are actually not much nylon producer in Nigeria, but the reason why scarcity is hardly felt in this product is due to the fact that the process of nylon and polythene bad production is carried out by an automated machine.

There’s a rising demand for nylons and polythene bags and just a hand full of entrepreneurs are meeting that need with the aid of their sophisticated machine.

Getting a Feasibility study business plan for nylon production is very important and Our Business Plan has been well researched to give you full insight and market survey. Not doing that is like checking the depth of an ocean with both feet. Through your feasibility study, you get to understand more about your competitors, find the right place to set up the business, determine prices and understand consumer interests and how to approach for optimum success.

The amount of money you need to start this business depends on the scale. The equipment needed for sealing and cutting come in different types and sizes and capacity. They are locally manufactured equipment and also highly sophisticated ones so like i said it depends on whether you want to start a large scale or small scale nylon production business.

Register The Polythene Bag / Nylon Production Business

Nylon production business is a big time venture and as such ought to be registered with the Corporate Affairs Commission. To make your polythene production business more legit and to avoiding any unforeseen issue from the government, then it would be wise to register your business. Registration shouldn’t be difficult as the Corporate Affairs Commission have branches scattered across the states.

This is the way to make your business legal in Nigeria. The Corporate Affairs Commission, CAC, is in every state in the country so locate one and register your business, all you need to do is pay your registration fee and and you are good to go.

This is an important part of business. The amount of capital you have will determine how big the business will be. It doesn’t matter if you start small, with time you can grow that small scale business into large scale business all you need is knowledge.

Ways you can Get Capital for the Nylon Bag Production Business

Personal savings.

You can use your personal saving to start this business. Which is good but before you do, ensure you have all the information you need to run the business successfully.

The Federal Government of Nigeria has mandated all the commercial banks in the country to give out loans to the public. There are some requirements that you will to have before the bank can give you a loan. One of such requirements is a business plan.

Investors are a group of people or someone who want to put money in your business and share in the profit of that business. You can share you business. An investor before investing into the business will most likely ask for a business plan. No one wants to throw money into something they are not sure of. This is why getting a comprehensive business will help your secure investors that will share in your dreams and aspirations.

There are several foundations in Nigeria nowadays that are giving out grants to the entrepreneurs. There are several of them. Example of such is the Tony Elumelu Entrepreneurship Programme (TEEP), Bank of Industry, just to mention a few. To apply for any of this grant, a business plan is required.

Production Site

For this business you will need a specific location. The production site must not be a very big place but big enough to contain your machines and your products. This production site should be in an accessible location because that will help your business a lot.

The importance of LOCATION can not be overemphasized. You need to be closer to your target market, this is very crucial because closeness means accessibility which also means low transportation costs.

For small scale nylon production, you can get the semi-automatic nylon cutting machine, this can be manufactured locally but for efficiency it is better you get the full automatic machine.

Materials and Machine Needed Nylon Production in Nigeria

Land, Extruder Blowing machine, Nylon cutting machine, punching machine, sealing machine, etc. Competitor Analysis for Nylon Production Business

People buy from us because of the following reasons:

State-of-the-art machines. Unique and well packaged products. Efficient production system. Fair and best possible prices and discount offers

Equipment For The Nylon Bag Production Business

If you want to engage in small scale production, what is required is the semi-automatic nylon-cutting machine with punching blades and these can be manufactured locally. However if you can afford it, it is advisable to go for a fully-automatic machine, as this is much more efficient.

Basically, there are three types of machinery used in the manufacturing of nylon bags and they include, the extruder blowing machine, nylon cutting machine and punching machine.

• The extruder blowing machine is the basic equipment needed in nylon manufacturing. The machine changes the raw material into sludge liquid and then polythene sheets. The sheets can be produced into varied thickness depending on the manufacturers target market and consumer interests.

• The cutting machine as the name implies is used for cutting the long nylon sheet into smaller units.

Our sample Nylon & Polythene bag Production Business Plan in Nigeria can be used to access bank loans, proposal writing and grant applications. The business plan was complied after a thorough feasibility study on nylon and polythene bag production Business in Nigeria was done.

Get Your Nylon Bag Business Plan in Nigeria / Feasibility Report. To place an order, pay N10,000 to

After payment text your name and e-mail address to 07036785443 and you’ll receive your NYLON / POLYTHENE BAG PRODUCTION BUSINESS PLAN / FEASIBILITY STUDY PROPOSAL.

Our Feasibility study on Nylon Production Business Plan in Nigeria has been well written for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Nylon Production Business Plan is a lucrative business that needs a lot of strategic Planning.

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Nylon business is one of the best and profiting business in Nigeria. I am an extruder operator i have all the experience to work on your extruding machine. If you need an operator contact me Location is not our barrie if only you negotiate well.

So how do I contact you considering the fact that I may want to venture into this business anytime from now. I’m thinking about getting some experience first then shipping down all the machines. Let’s work together bro. My email [email protected]

How do i start nylon business in akwa ibom state?

I am engineer in cutting machine if u want to repair u machine get in touch with me we can work together

Do you have idea on bathroom slippers cutting machine?

I am chiamaka,Bsc in pure and industrial chemistry and Msc in pharmaceutical chemistry. I have interest in the nylon production business.How do i start so that i will not stay off the track.I reside in lagos state.

I have a very great passion for nylon production business.I will be very happy if you can assist me on how start the business.

Good day,how do I start the business of buying the nylon from a company and resale it ?

I’m interested in the prodction of nylon. How much can it cost to get the machines ?

I’m interested in this business. What much does it cost to start in a minor scale.

I intend to venture into it soon. Thats y im making findings pls i need someone to put me through. Thank u

I am so glad I found this useful piece,I am ready to venture into the business, I have also subscribed to your mails, kindly help me out to start my own business in nylon production too.

Please sir/ma how do start nylon business in my state akwa ibom state. Thank you

Thank you so much for the useful writeup sir. I want to start Nylon business anytime soon (before the year runs out), but i need to know more about it. Can you kindly be of help pls.

Call any of our lines above

Goodeve, my great and tangible enterprenuer. Please sire do assist me by aiding me a proposal note, or pdf on nylon production or factory and its cost of the machine?

Thanks’ for anticipation!

UDO, GIDEON.

I have passion for nylon products since when I was in J as 3 , after my jss 3 exams I work with the company even after my ssce I still went back to the company an it was Chinese people that train me, but after gotten admission I left an the company is no more even existing since the insecurities in Borno, please sir if possible I will like to have the business plan nylon products,I have experience in it but the machine,an equipment I don’t know how to get,the material I remembered my formal manager of the nylon production use to said that the material will arrive from Kano that’s the material is coming from Kano, please said I need a good business plan for that so that I can apply for loan,I will be very grateful if you can do that for me,

When I discovered this website, I was ecstatic. For such a great read, I wanted to express my gratitude. I’m having a great time, and I bookmarked your website so I can come back and see what new content you’ve added. I can’t wait to read more of your postings,I want to start a Nylon business soon.

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Business Plan for Nylon Production

TABLE OF CONTENT

• Executive Summary

1.1       Management Team

1.2       Background of the Business

1.3       Product

1.4       Market

1.5       Competitor

1.6       Personnel Objectives

1.7       Business Goal

1.8       Objective

2.0       Marketing Plan

2.1       Marketing Goal

2.2       Sales Forecast

2.3       Revenue Forecast

2.4       Marketing Objectives

2.5       Strategies for Achieving the objective

2.6       Estimate of Cost of Marketing Action

3.0       Production and Operation Plan

4.0       Organizational and Human Resources Plan

4.1       Administrative Department

4.2       Marketing Department

4.3       Production Department

4.4       Maintenance and Security Department

4.5       Enterprise Employees

5.0       Financial Plan

5.1       Annual Personnel Cost

5.2       Estimate of Capital Expenditure

5.3       Estimate of Net working Capital

5.4       Cash Flow Forecast

5.6       Balance Sheet

5.7       Break-Even Analysis

5.8       Pay-back plan

6.0     Risk Assessment

EXECUTIVE SUMMARY

Miragrade Nylon Production Business is a sole proprietorship business that is registered under the Laws of Federal Republic of Nigeria. It is owned by Mr. Olu Olawale, who has a Master Degree in Textile/Graphic Design and a Master Degree in Business Administration. The business is located at No 4, Step Down, Lagos Benin Express, Ore, Ondo State. The business is intended to sit on a fifteen acres of land that will cover the offices. The expected total capital investment is N10,000,000 ( Ten Millions Naira Only) and it is expected to commence in June, 2021.Going by the operational plan, marketing analysis, intended management approach, financial plan and projection and  risk management plan; the business is expected to generate a massive return on investment , and hence it is considered a profitable and viable business.

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Setting up nylon production plant

Business Overview

Starting a nylon production business is one of the most lucrative businesses that any entrepreneur in Nigeria can go into and make lots of profit within a short period of time, due to the high demand for nylon and nylon materials by individuals and businesses that have the need to package items for domestic and industrial purposes.

The nylon business is easy to start-up and as a result, more innovative entrepreneurs have been going into the business. Market prospects

The demand for nylon is not only very extensive but is something that is used daily, globally. Nylons are used for various purposes ranging from domestic purposes such as; bagging, wrapping and covering, shopping edible and non-edible products to business and industrial purposes.

Thick nylon forms are used in packaging biscuits, large nylons are mostly used by laundry operators and boutique owners to package clothes for clients.

Raw materials The raw materials required for the production of nylon bags are basically • Low density polyethylene (LDPE) chips • High density polyethylene (HDPE) chips • Colour dye (dying pigments) These are readily available in Nigeria, and can be easily sourced from the Eleme Petrochemical Refinery in Rivers State

Equipment needed Purchasing high-quality machinery is a way to ensure efficient operations and machine-life longevity. The core machines for Nylon production in Nigeria are: ·Blowing machine, extruder, printer, cutting machine, mixer, and recycling machine

Production process Depending on the type of bag to be produced, raw materials (LDPE or HPDE + other solvents) are blended together and fed into the hopper after preheating the extruder to correct temperatures. The thin flat plain film coming out from the machine is either treated to make it retain information when printed on (in pure water film production), or passes through rollers, which roll it into rolls of various weights (in polythene and other types of bags).

The plain thin film is cut into correct length, sealed and punched to provide the handle using cutting and punching machines respectively. The bags are packed into bundles and stored in the store ready for sale.

Distribution/marketing options The envisaged plant can set up its own sales/marketing team to engage in a sustained one-on-one sales drive. Advertising options could be based on usage of flyers and referrals,

Manpower requirement A total of 10-15 staff is required in the short-term operations of the plant. They include skilled worker – 2, semi-skilled workers – 6, salesman – 1, driver-cum-salesman – 1, and security operative – 1 Estimated Start-Up Cost (Small Scale):  N15.500million – N25.500 million                      Potential Profit:  N29million – N36million per annum  Estimated Start-Up Cost (medium – large scale): N70million – N220million                         Potential Profit:                          N78million – N216million per annum This profile, or any similar one, can be developed into a bankable proposal for any interested investor. For further clarification, do contact our offices in the address stated below. [email protected]  

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Nylon Production Business Plan with 3 Years Financial Projections

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Start your own nylon making business using our expertly developed and standard nylon production business plan with 3 years financial projections.

Nylon products are a commonly used commodities in Nigeria, though there is an advocacy for nylon to be abandoned and replaced with paper  and other Eco friendly products due to the environmental issues. But adoption is slow and it is still being used and in demand.

If you start your nylon making business now, there is an available market to buy from you and according to statistics, this is a profitable business idea.

WHY YOU NEED THE NYLON MAKING BUSINESS PLAN

• Having an understanding of the right legal structure for your business.
• Secure funding for your business
• Run your business effectively
• Identify your target market.
• Calculate  your business estimated finances with a proper breakdown for a period of up to 3 years

This is a ready-made business plan and when you order, you will need to carry out a minimal customization in order to fully suit your business needs, however if you don’t like the extra customization, you can save your time and order for a tailor-made business plan and we guarantee fast delivery. We require a down payment of at least 70% to start work.

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Business Plan

Nylon Production Business Plan in Nigeria

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Nylon & Polythene Bag Production Business Plan / Feasibility Study

In this post, we will be sharing information with you about one of the most lucrative businesses in Nigeria today. Are you surprised that we are referring to nylon production as a very lucrative business? You shouldn’t be because most products in Nigeria are packaged using nylon.

Also Read: Tissue Paper Production Business Plan in Nigeria

If you are only interested in getting our sample Nylon production business plan in Nigeria, pay N10,000 to

Bank Name: Guaranty Trust Bank (GTB)

Account Name:  Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your name, email address and “Nylon Production Business Plan in Nigeria” to  07033378184

The first thing you should know about nylon is that it is man-made. It is a synthetic fiber characterized by lightweight yet very durable and strong. The properties nylon possess makes it desirable for so many uses, especially for packaging different products. If you are ready, let’s get down to business.

What is so special about nylon?

Many people ask this question because they don’t seem to see a reason why this business is booming. Understanding a little about the production process should give you a clue. We cannot discuss all of that in this post but here’s a sneak peek.

To produce nylon, molten nylon is pushed through a small opening in a device known as a spinneret. It is the spinneret that converts the molten nylon into filamentous materials, hence its many properties. Because of these properties, nylon is very easy to use and is elastic (to an extent) in nature.

One of the stand out properties of nylon is that you don’t need any special laundry processes to cleanup your nylon. Nylon can be washed with any soap and water. These properties and many others have made nylon desirable all over the world.

Investing in nylon production is bound to yield a lot of profits as long as your management processes are efficient. Nylon is no doubt one of the key contributors to the Nigerian economy which is why it is a special item to invest in.

How Lucrative is Nylon Business in Nigeria?

Let’s share a secret that most people in this business will not tell you. Becoming a millionaire through this business is very possible and it wouldn’t take forever. Why is this so? It is simple, there is a constant demand for nylon all over Nigeria and beyond.

Did you know that more than N50 billion is spent on the purchase of nylon in Nigeria each year? The most attractive aspect of this business is that with N20,000 you can start production. There is also no specific season for nylon production, every season is perfect.

Opportunities in the nylon production industry in Nigeria

Believe it or not, this industry is one of the largest in Nigeria. It might be a bit surprising that a product as trivial as nylon can attract so much revenue. Think about it, everything we purchase from the markets, malls, provision shops, roadside sellers, is packaged in nylon.

Even our beloved pure water is packaged using nylon. This is how important this sector is to the Nigerian economy. While the opportunity to make it big in this business is attractive, you need to beware of the competition.

There are so many entrepreneurs into nylon production in Nigeria. However, it seems that with the rise in nylon production companies, there is a rise in demand for the product. This is good news for individuals who plan to begin production like you. The market is huge, you just need to find your target market and the best way to sell to them.

How to start nylon production business in Nigeria

You must be filled with enthusiasm right now which is great. However, you must learn the ropes before diving into this business. This way, you are assured of success. In this section, we will share a few tips to help you start your nylon production business in Nigeria.

Get your raw materials

This business is dependent on raw materials. What this means is that you cannot produce without acquiring the necessary raw materials. Finding raw materials for this business is not as difficult as many people think.

You can visit any of the petroleum refineries closest to you to get some. The raw materials needed for the production of nylon are the by-products of the processing of petroleum. Some of the raw materials you need include polyethylene, polythene, lupine, and ecorene, etc.

Acquire the required machines

For the purpose of this post, we will be focusing on starting this business on a small-scale. To this end, here is a list of machines that will facilitate your production process.

• Punching blades
• Semi-automatic nylon cutting machine

There is also a printing machine which helps to print designs onto your nylons. However, this machine is optional as you can outsource this part of the production process or ignore it altogether. Printing on nylon bags is very cheap, depending on the design you can print for between N25 and N50.

We advise that if you have the means to acquire the fully automatic machine, you should get one. This makes the process faster and more efficient. In addition to this, it gives you a competitive advantage over a number of competitors.

Acquire capital

As you can guess, all of the above is impossible without some form of capital. Capital is very important to any business and this one is not an exception. The amount of funds you need to start is dependent on the scale at which you plan to operate. For a small scale nylon production business, you need between N30,000 and N50,000.

Many people ask the question, “How can I raise capital?” Let’s share a few ways with you:

• Personal savings

Acquire an office/production space

Your office or production space is where the nylon will be produced. While you don’t need an extremely large space like a football field, you need adequate space. Don’t forget that the machines you are bringing in are quite large. Without adequate space, your production space will be cramped up.

A cramped up space will result in poor production which is the beginning of business failure. You should specify to your agent the kind of space you need. Ensure that you inspect the space properly before making payment.

The production space must be close to the source of raw materials and the market too. This way, you don’t need to spend excessively to transport raw materials and finished products.

Feasibility study on Nylon Production/Business plan

For many professionals, this is the first thing you should do before you set out. Many businesses fail today because of ignorance and the lack of a proper plan. Mind you, a feasibility study and a business plan are two different documents.

You must carry out a detailed feasibility study to help you understand the industry intricately. You need to know about the production processes, where to get raw materials, your target market, and what they need. You should also find out where to sell your products and what the best marketing practices are.

The results of your feasibility study will help you to develop a workable business plan. More than 60% of Nigerian businesses fail because there is no plan. Don’t be caught in the same web. Your business plan is a map that helps your business function optimally. You can contact us to write a concise business plan for your nylon production business.

Begin production

By now, you should already know what the production process entails and the different stages of production. You should also have acquired your raw materials and the required machines for the production process. Start production following the prescribed processes and be sure to invest in producing quality. This will give your business a good reputation on the market.

Sell your products

You should already have figured out who you plan to sell to and your prices. It is time to push out your products. There are several ways of marketing products these days asides conventional methods. You can consider using the internet as a medium, especially if you want to reach customers beyond your location.

Employ staff

Soon, you may not be able to handle all the processes by yourself. Your business is growing fast and you will need some help. Instead of weighing yourself down and producing below demand, employ staff. Be careful when recruiting staff so that you don’t recruit poor workers or those who don’t pay attention to detail.

Challenges of nylon production in Nigeria

Just like every other business, the nylon production business has its peculiar challenges. Some of them are stated below:

• Epileptic power supply. The machines used to produce nylon bags are run by power. Without power from PHCN, you have to spend on purchasing fuel for a generating plant. This extra cost weighs down on the business and could lead to loss or complete closure.
• Procurement of machines. Finding locally fabricated nylon making machines in Nigeria   isn’t an issue since they are constructed locally. However, when it is time to expand, finding larger machines may prove difficult. Besides, they are really costly and you may not have enough funds to purchase.

Wrapping up

The nylon production business in Nigeria is highly lucrative. It is worth investing in as long as you are willing to put in the required work.

If you will like a feasibility study and business plan for this business, you can connect with us today or you can get a sample nylon production business plan in Nigeria from us now.

To place order, pay N10,000 to

After payment, send your name, email address and “feasibility study on nylon production pdf” to  07033378184.

Nylon Production Business Plan in Nigeria © www.businessplan.com.ng

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POLYTHENE NYLON PRODUCTION BUSINESS PLAN IN NIGERIA

Looking for a Nylon production business Plan in Nigeria for your personal use or to seek grants, and loans from investors, CBN, NIRSAL, and other institutions?

We have created a downloadable Nylon Production business plan template for you.

Business Description of Nylon Production Business Plan in Nigeria

Industry: Manufacturing (Nylon Production Business plan in Nigeria)

1.0. EXECUTIVE SUMMARY

ENCLASSIQUE Nylons is a Nylon Production company that is involved in extruding, cutting and printing of polythene (nylon) bags. We are located in Kwara state with intensive marketing plans to serve all major cities in South-western Nigeria in three years. ENCLASSIQUE Nylons is tentatively located at Gaa Akambi Residential Area, Ilorin.

Packaging preserves and, on some occasions if not on many, improve the image and branding of a product, hence the demand for customized nylons, product packaging, shopping bags has been seen to skyrocket. Almost every private businesses enjoy using these customized nylon products nowadays ranging from supermarkets, eateries, boutique, and bookshop to roadside shops thereby creating a large demand for the product hence the birth of ENCLASSIQUE Nylons. Nigeria is Africa’s most populated country and also its largest economy and not surprisingly it’s most important consumer of nylon products. The demand for nylon is very high and occurs on a frequent basis.

2.0. INDUSTRY ANALYSIS

The demand for polythene (nylon) bags has been identified to continue to expand as the standard of living of the over 160 million population growing at the rate of 6% per annum continues to grow. The supply gap situation in Nigeria has created a market gap estimated at N 2 billion annually in revenue.

The production of nylon bags entails three basic procedures; extruding, cutting and printing. Due to inadequacy of funds, most entrepreneurs operate by doing extrusion only.

Basically, there are two types of nylon namely the low and high-density nylons. The low-density nylon is the transparent nylon used popularly for the wrapping of our local bread. It is also used by dry cleaners and in pure water production. Generally, low-density nylon because of their thickness does not make noise when squeezed. It varies in thickness depending on the purpose for which it is being used and what the customer wants.

3.0. OUR BUSINESS MODEL

High-density nylon has a larger market share than low-density nylon because of their extensive use in transporting of heavy loads. Black nylons, white and black, yellow and black are found in these categories. They make noise when squeezed owing to their weight. Nylon bags are used by individuals for a wide range of domestic purposes like shopping, bagging, and covering but are used by manufacturing businesses in large quantities for wrapping and packaging their products.

Also, as individual income grows and more consumer products and establishments of retail stores are on the rise, the demand for nylons will definitely increase. Hence starting or investing in nylon production will prove to be a worthy investment opportunity that if rightly implemented can yield large wealth.

The benefits of our products and services are;

• High-quality Nylons
• Impeccable customer care services
• Fair prices and discounts

4.0. Our products and services

ENCLASSIQUE Nylons products are the two major types of polythene nylon bags that are mainly needed in Nigeria which are;

• Low-Density Nylons: These types of nylons are used for packing lightweight household items including bread, groceries, food packaging etc.
• High-Density Nylons: They are used for garbage bags, pharmaceuticals, packaging, disposable materials, shopping bags and various other uses.

5.0. Keys to Success

The keys to success for the Nylon Production business include:

• Good factory location with proximity to high-density commercial/residential area where nylons are in demand at a high rate.
• Efficient and low-cost production techniques.
• Hygienic and neat processing and production facility.
• Impeccable customer service.

5.0. The objective for Nylon Production Business Plan in Nigeria

• Increase revenue from the sales of Nylons toN20,000,000 over a 2-year period.
• To maintain profit margins at 30-35% through close attention to expenses and the amount spent in the purchase of raw materials.
• To make sales through referrals and social media campaigns.
• Attract wholesale, retail distributor, bakeries, grocery stores, etc. to our products.
• To offer high-quality nylons and nylon products at reasonable prices.
• To achieve net profit in year one, increasing in year two, by containing costs and meeting sales goals.

6.0. Materials and Machine for Nylon Production Business Plan in Nigeria

The materials and machines needed for this among others are

• Extruder blowing machine
• Nylon cutting machine
• Punching machine
• Sealing machine

7.0. Competitor Analysis for Nylon Production Business Plan in Nigeria

People buy from us because of the following reasons:

• Our State of the art machines that ensure impeccable production and products
• Unique and well-packaged products.
• Efficient production system.
• Fair and best possible prices and discount offers.

READ- How to write a brochure for your business in Nigeria

How To Download The Complete Nylon Making Business Plan Sample PDF and Doc (with financial analysis)

Above is a part of the Nylon Production business plan template in Nigeria. If you need the complete business plan, follow the procedures to download it.

Pay the sum of N8000  ( eight thousand naira only) to the account detail below: Bank: GTBank Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us) Ac/No: 0238933625 Type: Saving

Thereafter, send us your email address through text message to  +234 701 754 2853 .  The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the Nylon Making business plan in Nigeria to your email address where you can easily download it.

Dr. Abi Demi is a skilled technical writer and author with specialties in the martech and fintech space. Featured on Tekedia, Coin Review, Business Insider, Fintechna, Cryptocoin.news, Date 360 and several other sterling online publications, Demi is an astute technical writer that specializes in finance, marketing and technology - with over 500 published pieces across the internet ecosystem. Contact Abi Demi - [email protected]

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In this post, I will show you Start Nylon Production Business in Nigeria. Do you know that nylon cutting and sealing business is very lucrative? Here we will also show you how lucrative is nylon business in Nigeria and how to get started.

Nylon is a man-made synthetic fiber that is strong while very light in weight, properties that lead to a wide variety of uses, such as fabric, rope and luggage.

Nylon is made by pushing a molten nylon through a small hole in a device called spinneret; This device then turns this molten Nylon into a filament.

This Article will clearly guide you on ways to start your own Nylon making business and make good profits from your effort.

Nylon processes many properties that makes it stand out as a easy to use, elastic material. What’s more about Nylon is that it does not require any special arrangement or laundering effort since it can be washed with any other item.

The Demand for Nylon worldwide has increased extensively, this makes it a gold mine business to invest your time and effort into. It is of major significance to any countries economy because of its variety of uses, which makes it a number one business to start.

Read Also: How To Start Bottle Water Production Business In Nigeria

Profitability of Nylon Production Business

Do you know you can become a millionaire by starting up a nylon making business. Yes, the demand for this dynamic product is never ending, it has so many uses that cant even be fully mentioned.

Every year, Nigerians spends more than 50 billion naira on nylon purchase. The most profitable aspect of this business is that, it is not a seasonal market and can be set up with just 20,000.

Yes, twenty thousand naira only. You must now be very keen to know how to set up this business, no worries, I will give you a detailed guide on how to set up this business.

Read Also: How To Start Yam Flour production Business In Nigeria

Opportunities/Competition of Nylon Production Business

What is that thing that they put our purchased goods inside, at malls, local markets, stores and even that provision shop down the road; Nylon.

Even the famous pure water, is packaged with nylon. The competition in the Nylon business is much, however, the demand always seems to outgrow supply, so don’t worry about not selling your products, in good time you might even be choosing your customers.

How to Start a Nylon Business

Now its time to give you the necessary tips on how to start a profitable and successful Nylon business. Firstly,  you will need the equipments listed below. I am assuming you want to start a small nylon business instead of a massive nylon plant.

1. Get the Raw materials

Most of the required raw materials can be gotten from refineries, since they are by products of petrochemical processing. Examples of this raw materials include Polythene, Polyethylene, Ecorene, Lupene and so on.

2. Get the Machines needed

Since I assume you want to start a small business for the mean time, here is a list of the machineries you will need for a small start up.

Semi-Automatic Nylon Cutting Machine

Punching blades.

There is printing component that will enable you print designs on this bags. You can buy this component or ignore it, you can sub-contract printing of designs to another company and pay them, printing in Balogun market Lagos early this year, went for 100 naira per print.

If you plan on making small nylon bags without designs, then you don’t need this component at all. However, if you can afford the cost of buying a fully automatic machine, I will advice you get that one since its more effective and faster.

3. Acquire Capital

You will need some capital to set this business up. the required capital can differ depending on how large you want the business to be, However, for starters you will need 20 to 40,000 naira to set it up properly.

Ways you can raise the required capital include;

Personal savings

Family&friends e.t.c

Read Also: How to Start Toilet Roll or Toilet Paper Production Business in Nigeria

4. Get Shop Space

This is the location where the nylon making will be going on. It doesn’t have to be the size of a football field, a nice spacious work space will do fine for the mean time.

The machines maybe a bit large so emphasize to your real estate agent about space, you don’t want a cramped up working environment.

It is always a bonus to get a physical shop near or inside a local market, this means you are closer to your customers and,transportation is easier.

5. Do Some Research/Develop a Business Plan

Do not be a victim of ignorance and lack of proper knowledge or maintenance. Do your research on how to make this product, it is far from enough to purchase the machines stated above, you must learn how to use them or face the risk of having spoilt machines all over the place. Furthermore, develop a business plan on which you can manage your business.

Experts have discovered that the reason why 60% of businesses fail in Nigeria, is because the lack a proper business plan. Some people delve into businesses without even been able to differentiate capital from profit.

Develop a business plan and follow it with a all commitment, set a goal and objective and do not stop till you attain it.

6. Start Making Nylons

Polythene bags are made by heating and cutting rolls of film. Rolls of sheeting or tubing are fed through the machine.

The Device then draws out the rolls into segments of specified length, cycles to place a seal on each segment, and cuts off each segment to make an individual bag.

This process might seen rudimentary in nature, but trust me, it becomes a part of you in no time, like putting on your cloths in the morning.

7. Sell Your Products

  Now that you have finished Nylons for sale, its time to sell your products. You can sell your Nylon as a wholesaler to this pure water companies or even shopping malls.

However, this stores may require that you, print certain brand designs on the polythene  bags and they prefer to buy in bundles. Once you get four of this kind of customers, you can be raking in 100,000 naira every month for the first six months.

Read Also: Prospects and Problems of Yam Production in Nigeria

8. Employ Extra Hands

When the business must have matured enough and your customer demands are so much that it starts to weigh down on you.

It is time to employ some extra hands, you can do this putting a wanted sign outside your shop, it works every time. Take care to make sure you employ hard working and competent workers.

You do not want to employ workers who slack and make silly mistakes and will therefore cost you customers and money.

9. Make Your Business Known

Since you are now your own boss, you can create business cards for your self and some flyers for distribution, to let people know about your business and its location.

Challenges Of Nylon Production Business

Apart from the normal challenges entrepreneurs face in the business world, like raising capital, getting a good location, finding the right employees and so on.

Small scale business owners face other kind of challenges. Some challenges in the Nylon manufacturing business include;

1. Power Supply

Epileptic power supply is one of the major challenges small scale business owners face in Nigeria. Power is needed to run the machines and when there is no power, business owners have to purchase fuel to power their generators.

Read Also: How To Produce Hair Conditioner In Nigeria

2. Finding Machine

Although, machines for small scale nylon manufacturing can be fabricated locally, it is quite difficult to find a machine when trying to expand your business.

The problems listed above are some of the hurdles you might come across when starting the business. However, with hard work, patience and commitment, they will be nothing compared to the profits you will be making.

Although, there may be many players in your country’s nylon production industry, supply is yet far from being saturated in most countries due to the constantly huge demands. So, there is a ready market for the products everywhere at any time.

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Good job , you really provide me all the info I need in starting this business sadly I used my money to invest on transportation and it failed but right now I want to try this nylon manufacturing business but you said in this article about printing on the nylon..I want to know what it takes to print on nylon because going to other place for printing may delay the supply I want to print by myself.. please put me through

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Business Plan Hub

Nylon and Polythene Bag Production Business Plan  in Nigeria

August 5, 2020 by admin 5 Comments

Nylon and Polythene Bag Production Business Plan  in Nigeria – In Nigeria Nylon and polythene bag production business is among the most productive and lucrative business. Individuals who are involved in the business can testify how lucrative the business is. Many have gone into Nylon and polythene bag production that’s why every year you see different kind of Nylon and polythene bag sure as the different in style and color, because many people has started knowing the financial income in the business.

How To Get Our Nylon and Polythene Bag Production Business Plan  in Nigeria

Nylon and Polythene Bag Production Business Plan has been put together by expert after carrying out series of research and done a due thoroughness to be able to provide guidance on how to one can open and run a Nylon and Polythene Bag Production Business in Nigeria . Please note that this business plan has been recently updated. Because it is recently updated you can use the business plan to apply for GRANTS APPLICATION, APPLICATION FOR BANK LOANS, WRITING A PROPOSAL, CREATE A BUSINESS CONCEPT NOTE etc.

Get our; Woven Bag Business Plan In Nigeria

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If you are ready to get Nylon and Polythene Bag Production Business Plan in Nigeria Latest Edition you just need to follow the below information and you will get it TO GET Nylon and Polythene Bag Production BUSINESS PLAN IN NIGERIA LATEST EDITION and Financial analysis and feasibility Study manual. Place Order Now, pay N10,000 to

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Nylon and Polythene Bag Production Business Plan In Nigeria Latest Edition feasibility studies proposal

After payment text your name, your e-mail address and bank teller number or your transfer reference number to 08107015636  and A Copy of our Nylon and Polythene Bag Production Business PLAN NIGERIA /FEASIBILITY STUDY PDF will be send to your email.

NYLON & POLYTHENE BAG PRODUCTION BUSINESS PLAN IN NIGERIA FEASIBILITY STUDIES

Like we said earlier our business plan was written by a expert and a lot of research was carried out and at the end of the feasibility study we came out with this type of business plan regarding to the Nylon and polythene bags production business. The research we did shows that Nylon and Polythene Bag are always in demand on daily basics in the business, because any kind of business in Nigeria uses Nylon and Polythene Bag in service of there customers and that has increase the profit for the business owners and tapping into this business is sure that it will yield huge success for you as long as you are wise to get our business plan and follow every step that is revealed in our nylon and polythene bag production business plan in Nigeria.

NYLON & POLYTHENE BAG BUSINESS PLAN IN NIGERIA TABLE OF CONTENT

Executive Summary

Introduction

Business Description

Products and services

Competitive Advantage

Market Research

Competitor Analysis

Sales and Marketing Plan

Operational Plan

Business Risk

Management and Structure

Financial Plan and Projections

So many questions has been asked sure as- Is nylon business profitable in Nigeria? . It because of questions like this that’s why we came up with this article and we made research consenting Nylon and Polythene Bag Production Business if you’re among those people asking sure questions I guess you are in the right place.

Why Many people usually think that going into Nylon and Polythene Bag Production Business is hard because the always wondered How do you manufacture nylon?, Just get the business plan and all your questions will be solved.

I got a call from someone and the person asked me How do I start a plastic bag business?. All I told the person was to get a business plan on Nylon and Polythene Bag Production Business Plan and all the questions will be answered.

Small scale Nylon Production in Nigeria – there are people in Nigeria who are involved in Nylon production business but are still small time this doesn’t mean that because they are small that they aren’t making it big enough. They are because Nylon Production Business is very lucrative. Business Plan for Polythene Bag production, you just need to get the right business plan so that you business will succeed.

When starting a manufacturing business one of the basic factors to consider is the rate of demand available for the commodity you want to produce. Nylon and Polythene bag has a high demand rate in the market

Going into Nylon bag business is actually a very good decision. The high demand for it makes it very profitable. The demand for Nylon bag is on a daily basis because one and every company needs different sizes and qualities of nylon bags for different reasons for what so ever and because of this demand you are sure of making your profits very easily.

Why the rate of Nylon bags are very high is because individuals Makes use of Nylon bags for various domestic purposes of which are bagging, shopping, waste disposal and lots more.

Also companies like Manufacturing companies needs Nylon for wrapping and packaging their products. They make use of the thinnest form of Nylon bags, the transparent films for packaging edible and some non-edible products purchased form the market.

Nylon bags are also used by Laundry operators. Laundry is still another lucrative business in Nigeria if you also going into Laundry Business get our Laundry Business Plan In Nigeria. They also some kind of Nylon used for making of tents and tarpaulins, and they are used to protect cars from the sun other harsh weather conditions. Nylon can also be used in the manufacturing of fancy shopping bags and school bags. With this you realize that Nylon business is indeed a lucrative one as there are a lot of purposes it serves for different people and various companies. When it comes to the manufacturing of Nylon, there are a lot of choices to pick from because of the high demand of sachet water Nylon as a result of the fact that many people are getting into sachet water production business because it’s a productive and lucrative business

The sweet thing about going into Nylon business is that manufacturing of Nylon bags is quite simple. You can easily get the machines and the raw materials can be gotten locally. This mean that even if you are starting small or large you are covered

After payment text your name, your e-mail address and bank teller number or your transfer reference number to 08107015636 and A Copy of our Nylon and Polythene Bag Production Business PLAN NIGERIA /FEASIBILITY STUDY PDF will be send to your email.

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TSMC's stalled Arizona chip factory is 'well on track' to start production next year — and it'll be charging more for US-made chips

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• TSMC plans to charge more for chips made outside Taiwan to combat higher manufacturing costs. 

Things may be starting to look up for the world's leading chipmaker .

Last year, Taiwan Semiconductor Manufacturing Company reported its first profit decline in four years. But on April 18, the company reported its strongest sales growth since 2022, and rising quarterly profits that beat expectations. The Taiwan-based TSMC also forecast that second-quarter sales could rise as much as 30% on the backs of "insatiable" demand for chips used to power AI technologies like ChatGPT.

But for the US, in particular, the most important detail from the call may have been the update on the construction timeline of TSMC's Arizona chips factories . TSMC said it had made "significant progress" on the construction of its first Arizona factory — located in the Phoenix area — and that it was "well on track" to begin producing chips in the first half of 2025. The company said engineering wafer production began at the factory in April, an important step toward the eventual chip production.

The chipmaker's commitment to building three factories on its Phoenix campus is a key pillar of the Biden administration's efforts to boost the US's manufacturing of chips that power everything from cars to iPhones. Bolstering domestic manufacturing could also make the US less reliant on Taiwan — which faces the potential risk of a Chinese invasion.

TSMC's progress is also important for President Joe Biden because Arizona is a key swing state in the upcoming presidential election. The company's investment is expected to create roughly 6,000 "high wage" jobs across the factories, in addition to over 20,000 construction jobs, and tens of thousands of indirect supplier jobs.

However, construction has faced a series of challenges. Last July, TSMC announced that chip production for the first factory would be postponed from 2024 to 2025 . A lack of skilled construction workers in the US was cited as a reason for the first factory's delay. Additionally, in January, the opening of its second factory was delayed from 2026 to 2027 or 2028.

Barring further setbacks, TSMC's update could mean the first factory will begin production of chips in 2025. In recent weeks, however, a report from the Chinese news outlet money.udn has fed speculation among some experts that production could begin by the end of 2024 — TSMC has stuck to the 2025 timeline in public comments.

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The sooner chip production begins, the sooner Americans will have access to the "long term," non-construction jobs TSMC has promised, Dylan Patel, a chief analyst at the semiconductor research and consulting firm SemiAnalysis, told Business Insider.

During the earnings call, TSMC said 2028 was the scheduled opening of the second factory. The third factory is expected to begin production by 2030.

TSMC is planning to charge more for chips made outside Taiwan

Earlier this month, TSMC got more good news: The Biden administration announced it was providing the company with up to $6.6 billion in direct funding and an additional $5 billion in proposed loans to support its investment in Arizona.

Chipmakers have been vying for funding from the CHIPS and Science Act , legislation passed in 2022 that's expected to fund over $200 billion in US chip production.

This funding could be particularly important for TSMC, given the cost of factory construction and chip manufacturing can differ between the US and Taiwan.

In 2022, TSMC's founder Morris Chang said that US efforts to boost chip production would be "a wasteful, expensive exercise in futility," adding that "manufacturing chips in the US is 50% more expensive than in Taiwan."

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While boosting the US manufacturing of chips and other products could create jobs and help secure supply chains, it could also lead to higher prices for American consumers.

If Apple, for instance, follows through on its commitment to source chips from TSMC's Arizona factories , it could make the latest iPhone more expensive.

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