CAMPHOR MARKET ANALYSIS

Market News

Key Developments

• Key players are adopting in-organic growth strategies such as merger and acquisition, new product launches in order to gain market share in the global camphor market.
• For instance, in 2016, Camphor & Allied Products Ltd merged with oriental aromatics limited to expand its product portfolio in the camphor market. Oriental aromatics limited is engaged in the business of manufacturing of flavour and fragrances in India and across the globe. The company offers fragrances which are found in soaps, fine fragrances, candles, incense sticks, floor cleaners, and mosquitoes gels. With this merger the Oriental Aromas Ltd wants to strengthen its position in the flavour and fragrances market.
• In September 2019, Palm Organix Company announced to launch of its news product named as ‘Zero THC CBD Lotion w/ Camphor’ in the skincare line in New Jersey. The lotion contains 200 mg of pure Phytocannabinoid Rich Hemp oil combined with menthol, essential oils, and Camphor oil. The combination of CBD with camphor is focusing on pain relief from aches, itching and bruising, pains, and irritation.
• In June 2019, Mother Sparsh launched Natural Insect Repellent with the combination of 100% natural ingredients such as Camphor Oil, Lemon Grass Oil, Citronella Oil, and Eucalyptus Oil. This product focuses on healthcare aspects with no harmful chemicals which is safe and effective.