Is latex plant still relevant in our society?

[Niyi Briggs]

Back in the days, I know of a lot of people who were genuinely wealthy. That's because they were into rubber plantation business.

The challenge is that it seems the business has gone extincts and faded away these days.

Is it still working?

 

[Magnus2022]

The business is no more lucrative as it is before. Now, petrochemicals compounds are use to make better plastic products and at a very cheap rate. As the days goes by, petrochemical companies and engineers continue to improve on the quality and quantities of products through petrochemical residues.

 

[Shavkat]

That is the sad part of some businesses. If the companies are that innovative with their products, they will surely great affected with the changes in the market.

 

[flower]

Rubber plantation is still a very profitable business because there are lot of things deducted from rubber that are used nowadays.

 

[uptrendfinancialsignal]

The latex plant is still very relevant and useful because its produce is still a raw material.

 

[Niyi Briggs]

I think the rise of synthetic plastic has made the rubber industry to die a natural death. I rarely see people cultivate rubber any longer. It used to be one of the important cash crops but it isn't any longer.

 

[eldavis]

I doubt if this business is still as lucrative as it was back then or generally. But the truth of the matter is there might still be some places where this business is still lucrative.

 

[Stardom22]

I think the latex industry is down to their tools nowadays. This is because the industry faces a stiff competition from the artificial rubber manufacturing firms that it's numbers have been seen to be increasing recently.