Added new gadget- Google translate

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Part 2 - Commercialization of medicinal plants

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Welcome back! In our last article we discussed about trading of medicinal plants as a part of commercialization and its possible benefits. But, sometimes favorable land type for cultivation and timely harvesting is not available. And even if you get it, it may not be sufficient enough to expand your business. Hence, another alternative for commercialization of medicinal plants is to start a medicinal plant nursery. It may not sound much interesting to some people but, it is indeed a nice business startup idea. As we discussed in previous article, the demand of medicinal plants is high. But, this business has less competition in market due to lack of awareness. And, you can take privilege of this situation by introducing new marketing techniques as well as using the digital platform. You can provide the raw material required for cultivation of medicinal plants to traders and farmers/growers. Additionally, there are research institutes which always require different species of medicinal ...
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Commercialization of medicinal plants (Part 1)....

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India is a country where herbal remedies are always preferred first before visiting a doctor. And even some of the physicians also suggest use of old Ayurvedic remedies along with the allopathic drugs. Also, in case of beauty regimens herbal treatments are the first choice. Better therapeutic action and less side effects are the key factors driving the demand of herbal products and drugs.  Since last few years, worldwide demand of herbal formulations have shown a visible growth and hence different healthcare and life science companies have focused on more production of herbal formulations. Based on the formulation category, the market for medicinal plants is segmented into pharmaceuticals, neutraceuticals, cosmeceuticals, spices etc. and hence the demand of herbal raw materials changes according to the market type.  The raw material (medicinal plants) required for production of herbal formulations is either obtained from local farmers or is imported from different countries. T...
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