IBEF India
on March 20, 2024
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Growth of Shellac and Forest-Based Industries and the Challenges Faced | IBEF
The growth of shellac and forest-based industries has been significant, reflecting the increasing demand for sustainable and natural products worldwide. India, a leading player, has seen a notable rise in shellac export, driven by the versatile applications of shellac and lac-based products in various sectors. However, the industry faces challenges, including environmental concerns and the need for sustainable harvesting practices. The Shellac and Forest Products Export Promotion Council plays a crucial role in navigating these challenges, promoting the industry's growth while emphasizing eco-friendly practices and global trade standards. For more info on the forest products industry, go through the India Brand Equity Foundation website https://www.ibef.org/exports/shellac-forest-products-industry-india
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