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Submitted By shamjid90
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Report Proposal on

Market Prospects of Herbal Medicine in Bangladesh

1.0 INTRODUCTION

1.1 Background

“The global demand for medicinal plants is expressed from four identifiable sources: ( i ) pharmaceutical industries, (ii) traditional healthcare systems, (iii) individual traditional health practitioners, and (iv) women in family health care” (Lambert J., 1997). The medicinal plants are not only using in medicines but also in cosmetics, detergents, dyes, insecticides, foods and paints etc.

According to World Health Organization (WHO), medicinal plants are an accessible, affordable and culturally appropriate source of primary health care for more than 80% of Asia’s population

1.2 Objectives

1.2.1 Broad Objective

To find out the market prospects of herbal medicines in Bangladesh

1.2.2 Specific Objectives

• To explore the factors that motivate the farmers in cultivating medicinal plants

• To find out the size of the herbal medicine sector and its demand for medicinal plants as raw material

• To find out the medicinal plant supply chain;

• To analyze the impacts of medicinal plants on Bangladeshi economy.

1.3 Rationale

Herbal medicine has been existent in the nation for many years, yet unfortunately this sector has not transformed as a structured and formal industry. Thus, we would like to find out the prospect of the herbal medicine in the country.

1.5 Scopes and Limitations

1.5.1 Scopes

This paper would explore on the local market of herbal medicine, its source of origin to the place of consumption. Since most of the farms are mostly outside Dhaka, the information collected is from secondary sources and interviews of the corresponding personnel in Dhaka.

1.5.2 Limitations

• Lack of information from secondary sources (websites of some herbal

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