The demand for plastic pipes is growing in the construction, industrial, and irrigation sectors. It results in the government paying hefty amounts on pipeline installations, maintenance, and operation. The increasing urbanisation is raising the demand for PVC pipes and fittings. Additionally, replacing existing copper and iron pipes due to corrosion and rusting is also a leading factor.
The main reason behind the increase in plastic pipe market size is the necessity of pipelines in the construction and irrigation sector. Plus, PVC pies have much higher growth potential and tensile strength. Therefore, the plastic pipes business in Pakistan appears promising.
Is starting a plastic pipes business in Pakistan promising?
Yes, it is, and that is why I am writing about the top 5 tips you will need to start a plastic pipes business in Pakistan.
Registration of Firm
You may start the small to medium plastic pipes business either in a proprietorship or partnership firm. If you are starting the business as a one-person company, then the most important tip is the registration of your firm. Timely registration will save you from legal implications in the long run. Additionally, it will also help you create an international profile in the coming future.
For partnership firms, you have to register as a limited liability partnership. In either case, GST registration is mandatory.
Plastic Pipes Manufacturing Unit
While starting a business, the selection of location plays a vital role. You can start the uPVC pipes manufacturing business with a minimum space of 500 sq. ft. Ensure the location has all the essential facilities. For instance, water supply, drainage supply, and electricity supply.
Ensure that the location you choose is easily accessible by the targeted market. Additionally, the raw materials are also within easy reach.
If you are looking for a rental area for plastic pipes manufacturing, make sure it is a non-residential area.
Begin With the Local Market
Usually, entrepreneurs aim for a higher profit margin from the beginning. But the key is to conquer the small grounds first. You can begin by introducing your company and products to your local retail market. You can also sell your uPVC pipes to the wholesale market in bulk.
Register your business on B2B and B2C websites. Hence, begin with selling your products directly to the customer.
Plastic Pipes Marketing Strategies
In every business, there are several competitors. So, you have to build your brand’s uniqueness in the plastic pipes market. If your product is of good quality, you don’t have to worry about the sale of your products.
The demand for UPVC pipes is also growing in the international market. If you plan to export your products, it is vital to maintain your goodwill. This is only possible with quality products and competitive prices. Hence, make sure to produce quality products with consistency.
Expected Business Investment
A major investment is required in the plastic pipe business to meet essential requirements. For instance, raw materials, space, and machinery expenses. To start a plastic pipes business, you need a minimum of 20 lakhs rupees. Additionally, the cost of equipment, raw materials, and space will cost around 10 lakhs. So, to begin this kind of business, you should have the estimated investment in hand. Once you invest, you don’t have to invest every time. In this business, the initial investment gives profit for a long time.
But you have to look after the machines with regular maintenance. It will increase their efficiency. As more people buy plastic pipes for industrial, residential, and commercial purposes, you will earn massive profit from this business.
Potential Of Plastic Pipes Business in Pakistan
The market demand for plastic pipes is tremendously high in Pakistan. Therefore, the plastic pipes business is a great venture that gives you a good return on the investment of capital.
The key is to achieve a premium quality product with reputable integrity. It is important for you to use the appropriate strategy and the tips stated above.