Description

The plastic sector is growing at a rapid pace in the country. The growth rate of the industry has averaged more than 20 percent each year over the past several years. The total market for plastic products is around Tk 200 billion and it is also witnessing new investments of about Tk 1 to Tk 1.5 billion every year. Besides the local market, the industry also has great prospect to be a major contributor to the export earnings of the country.Competitive price and maintenance of global standard by local companies have attracted the international buyers to import from Bangladesh. The demand for Bangladeshi plastic goods is increasing, especially in the USA and European countries, mainly due to restriction on Chinese products. During the last five years, export of plastic goods has increased by around Tk 13 billion witnessing on an average 46 percent growth. 16