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Medicinal plants industry in India: Challenges, opportunities and sustainability

Saravanan Raju, Manish Das

2024Medicinal Plants - International Journal of Phytomedicines and Related Industries18 citationsDOIOpen Access PDF

Abstract

The review offers a comprehensive examination of the medicinal plants sector in India which includes the historical significance of medicinal plants in the country and their vital role in traditional and modern healthcare systems. The economic status of this industry is highlighted. The review delves into the challenges faced by the sector, including biodiversity conservation issues, quality control and standardization challenges, regulatory obstacles, and market dynamics. On the positive side, it also uncovers opportunities, such as the growing global demand for natural products, expanding international trade possibilities, advancements in research and development, and promoting sustainable agricultural practices. This review provides valuable insights into the complexities and prospects of India’s medicinal plants industry.

Topics & Concepts

SustainabilityBusinessAgroforestryEnvironmental planningNatural resource economicsGeographyEnvironmental scienceEconomicsBiologyEcologyPhytochemicals and Medicinal Plants