Herbal Industry Only Grows 5%: http://industri.bisnis.com/read/20171219/257/717645/industri-jamu-hanya-tumbuh-5/19 December 2017
Herbal industry decreased due to the circulation of illegal products. Market growth this year is estimated to reach only 5%, far from the projection of the Ministry of Industry by 10%.
Chairman of the Association of Indonesian Herbal and Traditional Medicine (GP Jamu), Dwi Ranny Pertiwi Zarman said, illegal products that are free to circulate, threatening the herbal industry. Currently there are 986 herbal industries consisting of 102 traditional medicine industries (IOT) and the rest are included in Small Traditional Medicines (UKOT). Not all herbal entrepreneurs have decreased business this year. Some producers who have products with guaranteed quality and active promotions experience high growth.
Therefore, Dwi hopes the government can provide marketing training through online media for the herbal industry players, especially small scale industries. Moreover, illegal herbal products are now widely in the market through online sales.
This Is What To Do For The Herbal Medicine Industry To Grow: https://finance.detik.com/berita-ekonomi-bisnis/d-4341037/ini-yang-harus-dilakukan-agar-industri-jamu-berkembang/12 December 2018
The Coordinating Minister for Human Development and Indonesian Culture, Puan Maharani hopes that the interest of the younger generation in consuming herbs and herbal medicines can increase. She also hopes that the product can be guaranteed safety and efficacy. According to her, many herbal medicine companies began to develop but only a few did the right research and innovation so that the company lost to other companies that had succeeded in innovating from the research conducted.
Puan attending at the 2018 Indonesian Herbal event at the SMESCO Building, South Jakarta. The event was held by the Food and Drug Supervisory Agency (BPOM) as well as to award 34 MSMEs herbal medicine with the certificate of Good Manufacturing Practices (CPOTB). 34th of MSMEs came from the two biggest centers of herbal medicine in the country, namely Central Java and East Java. Director of Sido Muncul, Irwan Hidayat, said that BPOM asked several herbal medicine entrepreneurs to accompany MSMEs. One of them chosen was Sido Muncul. So that MSMEs will continue to grow from initially only local herbal producers to becoming producers of internationally known herbal medicine.
Herbal Medicine Products Manufacturing in Indonesia
Indonesia Industry Report and Market Research
December 26, 2023
Industry Code : C35224
Forecast to : 2027
Definition
Herbal Medicine Products Manufacturing in Indonesia Manufacture of herbal drugs and herbal medicines for human use.
Activities
The primary activities of firms in this industry are:
The Herbal Medicine Products Manufacturing industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.
Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.
The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.