With the increasing awareness of health and the growing recognition of traditional Chinese medicine, the demand for Chinese medicinal herbs in the domestic market continues to rise. This trend is further amplified by the aging population, which fuels the demand for Chinese medicinal herbs.
According to a report by CRI (China Research and Intelligence) Institute, the Chinese market size for Chinese medicinal herbs reached 91.6 billion yuan in 2023, with a year-on-year growth of 3.51%. It is projected that the market size will further expand to approximately 300 billion yuan by 2024, indicating the tremendous market potential and sustained growth trend in the Chinese medicinal herb industry.
Due to the lengthy industry chain of Chinese medicinal herbs involving cultivation, collection, processing, and sales, the integration of the industry chain is becoming an inevitable trend. By strengthening cooperation and coordination among the different sectors, the production efficiency and product quality of Chinese medicinal herbs can be enhanced.
With the continuous development of science and technology, the Chinese medicinal materials industry is also constantly innovating.RFID technology, an automated identification technology, has a significant role to play in the Chinese medicinal herb industry. RFID tags provide an innovative solution for quality traceability. Using RFID technology, the entire life cycle of herbs can be monitored and tracked in real time.
RFID tags consist of electronic labels that can be affixed to the monitored herbs. When these RFID tags pass through RFID readers at various stages of production, the corresponding information is recorded and stored in the system. The RFID chips embedded in the tags have unique codes that cannot be replicated, ensuring the security of the RFID tags. By leveraging this technology, the information pertaining to the production, processing, packaging, and transportation stages can be recorded as traceability data. This enables comprehensive tracking of the quality of medicinal herbs throughout the entire production process.
The implementation of RFID tags for asset tracking enables real-time monitoring and recording of crucial information, contributing to the overall improvement of the Chinese medicinal herb industry. By embracing RFID technology and integrating it into the industry chain, stakeholders can further optimize their operations, enhance consumer confidence, and drive the sustainable growth of this promising sector.
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