China is one of the largest growing and consuming countries of ginseng and pseudo-ginseng in the world. Rising prices and the growing popularity of traditional Chinese medicine (TCM) have driven increased supply and demand for industry products in recent years.The Chinese Medicinal Herb Growing industry in China will generate about $24.7 billion in 2017, with annualized growth of 15.9% over the past five years. Over the period, the National Health and Family Planning Commission of the People's Republic of China was established to assist industry development by developing industry standards and optimizing the allocation of resources...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Report - Starting a New Business Chapter

Access to suitable land resources Access to suitable land resources raises the barrier to entry into this industry. Different soil quality and climates are necessary for growing different herbs. For example, ginseng is largely grown in Northeast China and less so in South China. Geographic differences and climatic variation also lead to discrepancies in the quality of industry products.Government policiesThe government supports the development of the industry by issuing preferential policies and giving subsidies to farmers. It also provides technical support and marketing information for farmers. New...purchase to read more.

Additional Insights for the Chinese Medicinal Herb Growing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Chinese Medicinal Herb Growing Industry are

  • Appropriate physical growing conditions
  • Output is sold under contract - incorporate long term sales contracts
  • Use of specialist equipment or facilities
  • IBISWorld analysts also discuss how external factors such as Key Attitudinal Changes - Health Consciousness and Weather Conditions in the Chinese Medicinal Herb Growing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Chinese Medicinal Herb Growing Industry?

    The Chinese Medicinal Herb Growing industry in China grows medicinal plants and herbs such as ginseng and pseudo-ginseng used for traditional Chinese medicine preparations and Chinese patent drug manufacturing. Plants used for insecticide and sterilization are excluded from this industry.

    Industry Products
  • Root herbs
  • Leafy herbs
  • Flower herbs
  • Cortex herbs
  • Seed-fruit herbs
  • Whole grass herbs
  • Industry Activities
  • Planting Chinese medicinal herbs and plants
  • Harvesting Chinese medicinal herbs and plants
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Key Attitudinal Changes - Health Consciousness
  • Weather Conditions
  • Real Personal Disposable Income
  • Competition from other Industries
  • Industry Systems and Technology - Agriculture

  • Current Performance
    Chinese herbal medicine market and growing basesEstablishment, employment and wagesExports and imports
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Chinese Medicinal Herb Growing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chinese Medicinal Herb Growing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Traditional Chinese Medicine Manufacturing
  • Chinese Patent Drug Manufacturing
  • Traditional Chinese Medicine Hospitals

  • Key Selling Industries
  • Chemical Pesticide Manufacturing
  • Farming Machinery Manufacturing
  • Nitrogenous Fertilizer Manufacturing

  • Products & Services
  • Root herbs
  • Leafy herbs
  • Whole grass herbs
  • Flower herbs
  • Seed-fruit herbs
  • Cortex herbs
  • Chart: Chinese Medicinal Herb Growing Industry Products and Services Segmentation

  • Demand Determinants
  • Economic conditions
  • Consumer trends
  • Growing conditions
  • Aging population
  • Healthcare insurance coverage rates
  • Health awareness
  • Favorable government policies

  • Major Markets
  • Chinese herbal medicine markets
  • Traditional Chinese medicine manufacturers
  • Chinese patent drug manufacturers
  • Hospitals
  • Exports
  • Chart: Major Market Segmentation for the Chinese Medicinal Herb Growing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Chinese Medicinal Herb Growing

  • Basis of Competition
  • Growing costs
  • Product quality
  • Relationship with downstream buyers
  • Government support

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Chinese Medicinal Herb Growing Industry

  • Industry Globalization
    Yunnan Baiyao Group Co. Ltd., Beijing Tong Ren Tang Co. Ltd, Guangzhou Pharmaceutical Holdings Limited, Chongqing Taiji Industry (Group) Co. Ltd., Holley Group Co. Ltd.,
  • Table: Yunnan Baiyao Group Co. Ltd. - financial performance
  • Table: Beijing Tong Ren Tang Co. Ltd - financial performance
  • Table: Guangzhou Pharmaceutical Holdings Limited - financial performance
  • Table: Chongqing Taiji Industry (Group) Co. Ltd. - financial performance
  • Table: Holley Group Co. Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Chinese Medicinal Herb Growing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Chinese Medicinal Herb Growing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Good Manufacturing Practice (Gmp)
  • Compulsory certification for the control and management of manufacturing and quality control testing of foods, pharmaceutical products and medical devices.
  • Hazard Analysis And Critical Control Point (Haccp)
  • Certification for food safety during production and processing.
  • Health Drugs
  • Chinese patent drugs for improving overall health, for example, for increasing immunity or preventing aging.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Chinese Medicinal Herb Growing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Chinese Medicinal Herb Growing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Chinese Medicinal Herb Growing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Chinese Medicinal Herb Growing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.