Micronutrient manufacturing business involves an elaborate process of inventory management, production, packaging, and marketing. Entrepreneurs having knowledge about the chemical industry can initiate this business with reasonable capital investment.
Micronutrients generally considered as an essential agrochemical for plant growth and play an important role in balanced crop nutrition. They include boron (B), copper (Cu), iron (Fe), manganese (Mn), molybdenum (Mo), zinc (Zn), nickel (Ni) and chloride (Cl). They are as important to plant nutrition as primary and secondary nutrients, though plants don’t require as much of them. A lack of any one of the micronutrients in the soil can limit growth, even when all other nutrients are present in adequate amounts.
Suggested Read: How to Start Fertilizer Distribution Business
Globally micronutrient is a billion-dollar industry and has a huge scope of export. With proper planning, a micronutrient manufacturing business can be initiated on a small scale basis.
Here is a Stepwise Guide to Start a Micronutrient Manufacturing Business
1. Create a Business Plan
In starting the micronutrient manufacturing business this is the most important part. The fertilizer industry is highly organized and strictly controlled by the Government department. Firstly, you need to check that. There is some specific fertilizer grade of mix micronutrient that can be produced by simply mixing process with the right formula. According to usage, there are two types of micronutrients. One is for foliar spray and the other one is for soil application. In writing
In writing business plan determine that particular product. Calculate the manufacturing cost including fixed and working capital investment. Plan a solid marketing and distribution strategy. These simple steps will help you in finding investors and in checking the project is feasible or not.
2. Compliance For Micronutrient Manufacturing
In starting micronutrient manufacturing business you will need to register your business first. Check with the authorities of agriculture Department in your respective countries and state. In most countries, you will need to have both manufacturing and marketing license from the concerned department. Obtain ‘Consent to Establish’ and ‘Consent to Operate’ both from the pollution control authorities.
3. Micronutrient Manufacturing Machinery & Equipment
In initiating micronutrient manufacturing, you will need to set a workplace for factory operation and laboratory space for testing the materials. According to the selected product generally you will need to install mixer and grinder, a liquid boiling machine with a stirrer, weighing machine, liquid bottle filling machines, pouch filling machine, sealing machines and carton strapping machine.
In the laboratory set up the main equipment is the spectrometer. You will need to have thermometers and DM water plant.
4. Micronutrient Manufacturing Raw Materials
According to the product specification, you will need to purchase the raw material in the right quantity. In this type of production, raw material plays an important role in finished good’s quality. Major required raw materials are magnesium sulphate, zinc sulphate, molybdenum, manganese sulphate, boron, etc.
Micronutrient comes in liquid and powder form both. According to the product, you will need to arrange the packaging materials. For liquid product, you will need to purchase pet bottles and outer cartoons. for powder form you need to arrange pouch pack and outer cartons.
Pay attention to the labels. These are mandatory and there are several points that you have to mention on the labels such as component contains, maximum retail price, weight, etc.
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5. Manpower For Micronutrient Manufacturing
In micronutrient manufacturing, the most important individual in your chemist. If you have that education background fine enough. You will need to recruit a chemist. Other than factory workers you will need to recruit manpower for sales operation. It is advisable to hire a product manager to conduct the training programs.
6. Promote Your Micronutrient Manufacturing Business
As this is a fertilizer product, huge product promotion is required among the farmers. You need to focus on the problems faced by the farmers and educate them on how your product is useful there. The farmers training program is the most effective way of promoting micronutrients.
Clearly, mention their product’s features and benefits. Establishing a strong distributor network is important in getting success in the micronutrient manufacturing business