Mosquito coils are an effective method of repelling mosquitoes, commonly used in Asia, Africa, and South America. These spiral-shaped incense sticks, made from a dried paste of pyrethrum powder, release mosquito-repellent smoke when burned. This blog discusses the business potential of manufacturing mosquito coils in Kenya, a country where mosquitoes are a prevalent nuisance and malaria is a significant health concern.
Production Capacity and Revenue
With a production capacity of 1,404,000 boxes per year, each lasting up to 8 hours, the mosquito coil business has the potential to generate an estimated annual revenue of $82,240. By investing $6,340 in capital, entrepreneurs can tap into the market demand for affordable and effective mosquito repellents.
Government Incentives
Industries located in Kenya can benefit from initial allowance of 70% on the actual cost base of plant and machinery. This government incentive provides a supportive environment for entrepreneurs to establish their mosquito coil manufacturing operations.
Market Potential
The market potential for mosquito coils in Kenya is substantial due to the high prevalence of mosquitoes and malaria. These coils offer a cost-effective solution, as they require no electricity and are affordable, making them accessible even in rural areas. By targeting both urban and rural consumers, entrepreneurs can tap into a wide customer base and establish a strong market presence.
Capital Investment and Machinery
The capital investment required for setting up a mosquito coil manufacturing business includes production costs, depreciation, and direct costs. With 312 days of production per year and a daily capacity of 32.1 kilograms, entrepreneurs can efficiently utilize resources and maximize their production output. The machinery and raw materials needed for manufacturing can be sourced from local fabricators in Kenya, ensuring accessibility and supporting the local economy.
Conclusion
Establishing a mosquito coil manufacturing business in Kenya presents a viable opportunity to address the mosquito menace and the high prevalence of malaria. By providing an affordable and effective solution, entrepreneurs can cater to the market demand and contribute to public health. With government incentives, a significant market potential, and accessible machinery and materials, this business idea offers a promising venture for aspiring entrepreneurs.
