In recent times use of plant natural products has increased tremendously, and there is a very high demand of herbal products for therapeutic, clinical, agricultural purposes. Plant latex is a rich source of pharmaceuticals, pesticides and immune allergens. It also contains important biomolecules such as glycosides, tannins, phytosterols, Flavonoids, acetogenins and saponins, which show diverse biolgical activities against bacteria, fungi, viruses, protozoans, nematodes, insects, and cancer and tumours. It is also used as disinfectant, anticoagulant, anti-inflammatory, antioxidant and antiproliferative agent that provides protection in wounds. It contains wide variety of industrially important metabolic substances which can be harvested, modified, quenched, and polymerized easily for making goods and materials by up-gradation of technology. No doubt it is a future raw material for many bioengineering and biotechnological industries.