Tapping Market Potential Responding to Green Solvent Tenders
Summary: Throughout the world people are getting more and more conscious about environmental issues and ecological balancing. In result there has been lot of changes in the product preferences among the consumers in the market. One of the fields where such changes are quite visible is the solvent market. Number of green solvent tenders has grown considerably in comparison to the traditional tenders for such products. Moreover, it has also become the legal requirements replacing traditional solvents with something greener and therefore the aspirant businessmen should obtain certificate or licenses to the effect that their products are organic and green.
With the worldwide consciousness about ecological balance and movement towards a green world, there have been great changes in the international solvent market. Business opportunities are now available in the field of green solvent tenders for intending entrepreneurs trying to expand their business.
Green Solvent Tender Scopes
Over the last four decades, manufacturers of organic solvents have faced tough task of marketing their products. Synthetic solvents were more popular and often less expensive and most people preferred them. Things; however changed during the last decade with the growing concerns for a green environment. Solvent industry therefore made a move towards green solvents. Since most of the international and large scale local procurements are carried out using the tendering process, green solvent tenders offer good scope for all types of enterprises for making profit. A survey report of 2009 indicates that global demands for solvents were over 21 million metric tons.
Reasons for Rise of Green Solvent Tenders
Major reasons for rise in the numerical strength of green solvent tenders are as follows.
- Growing concerns in the society about environmental as well as toxicological concerns.
- Many countries have put in place legislations restricting production of synthetic and chemical solvents.
- Gradual replacement of natural items for artificial and synthetic items in almost every sphere in market due to health and welfare concerns in consumers.
Requirements for Bidding
It is therefore clear that bidding for and winning the tenders for supply of solvents can be profitable proposition for all type of enterprises; large, medium, and small. Requirements for being eligible to respond for and winning such tenders are:
- Certificate from the appropriate authorities that the products are purely natural or contains natural ingredients only;
- A clear declaration about the components used that would justify presence of any synthetic or harmful chemicals in the products;
- Reputation in the market as a reliable and reputable supplier of organic solvents.
Sources of Tenders
For bidding, one requires information about the tenders. Information on global solvent tenders would be available on the independent websites offering tenders, on the website of the requesting authorities, and also in the newspapers and electronic media. However using reliable and informative website is that it will give the bidder a clear idea about the requesting company and its past dealings and help bidder avoid any unpleasant surprises after winning the bids.
Due to consistent decline in the use of chlorinated and aromatic solvents there has been a visible market shift towards green solvent products. Responding to and winning solvent tenders could be a profitable proposition for most businessmen.
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