Plastic Industry
The Plastics sector is one of the key industrial sectors in Bangladesh making a significant contribution to the country’s economy. There are around 5,000 plastics enterprises in Bangladesh, employing about 1.2 million people and producing a variety of products for the domestic as well as the export market.
Plastic is a key component of many products in other sectors of the economy like textile, healthcare, construction, electronics, energy generation, automotive etc. Bangladesh produces household goods and packaging products for food processing, pharmaceutical & the FMCG industry, packaging & accessories, toys, sanitary items and construction products including PVC pipes. In 2021-22, goods amounting to USD 166.25 million were exported with a growth rate of 44.21.
KEY INDICATORS
44.21% ANNUAL GROWTH (2020-2021)
166 BILLION USD GLOBAL MARKET SIZE (2021)
4 BILLION USD DOMESTIC MARKET SIZE (2021)
166 MILLION USD EXPORT (2022)
EXPORT TARGET ROADMAP
USD 7 billion by 2024-25 and
USD 22 billion by 2029-30
Goverment adopted Roadmap to achieve 43rd position of the largest exporting countries in plastic sector by 2030
PRODUCTS
Packaging items make up the largest share of the product spectrum produced in Bangladesh followed by consumer products such as tableware and kitchenware. The export of household items has been particularly promising with a growth rate of 25% per year since 2014. Other export products include PVC pipes, polythene sheets, recycled plastics & chips, garment accessories items such as bags, plastic hangers, PET/PE bottles.
CATEGORY OF PRODUCTS
HOUSEWARE
MEDICAL ITEMS
SANITARYWARE
TABLEWARE
ELECTRONICS
PHARMACEUTICAL ITEMS
TOYS
PACKAGING
PLUMBING & FIXING
EXPORT MARKET
Plastics is the 12th largest export earning sector in Bangladesh. It has been expanding at a rate of 4.5% per annum since 2014. In 2021-22, the growth rate came to 44.21% and the export sum amounted to USD 166.25 million.
EXPORT DESTINATION
There are around 250 units of plastics manufacturers who are producing for the export market. Bangladesh currently exports plastic products to over 70 countries. The primary destinations include the USA, Canada, EU, China, India, and Nepal.
Export from Bangladesh consists of both direct and indirect (deemed) exports. Direct export shares around 10% of total export value, where household plastics items like houseware, kitchenware account for the largest share, followed by toys, polythene sheet, PVC pipe, PET bottles.
COMPETITIVE ADVANTAGES
DUTY FREE
Bangladesh has duty free access to developed countries (generalised system of preferences) such as the EU, UK, Japan, Canada, Russia, and Australia. Only a few exporting nations are beneficiaries of duty free access, thus indicating the industry’s potential to gain export competitiveness.
COMPETITIVE WORKFORCE
Competitive labor cost serves as a strong competitive advantage for all the export-oriented industries of Bangladesh. Although China and ASEAN countries continue to be amongst the major competitors in the overseas market, competitive labor cost has and will continue to put the Bangladeshi plastics industry in a stronger position.
OPPORTUNITY TO GRAB THE GLOBAL MARKET SHARE
China’s gradual shift from labor-intensive manufacturing to high-tech is expected to reduce its share in the global plastic products market and accelerate the relocation of its existing producers to cost-competitive locations. This shift may be further driven by the need to diversify supply-chain in response to the post COVID-19 period. Accordingly, there is a strong opportunity for Bangladesh to grab the global market share.
POLICY SUPPORT
FISCAL INCENTIVES
10% cash incentive on export value of plastics products, PET bottles
Reduced import duty on raw materials
Import duty exemption on capital machineries
No VAT imposition on export goods
Plastic recycling industry is entittled to reduced taxation under Income Tax Ordinance 1984, section 46BB
NON-FISCAL
Duty free access to 52 countries including EU
Quota free duty free access to 8,256 products to China
Recognized as one of the highest priority sectors in the Export Policy 2021-24
Bangladesh avails trade preference and concession under ABA, SAFTA, APTA, BIMSTEC trade frameworks
Exporters
| Name | Phone/Fax | Address | |
|---|---|---|---|
| Bengal poly & paper Sack Ltd. | Phone: 9888248-9 Fax: 9856003 |
plastic@bengal.com.bd | Bengal House, 75 Gulshan Avenue Gulshan-1, Dhaka-1212 |
| Bengal polymer Wares Ltd. | Phone: 9888248-9 Fax: 9856003 |
plastic@bengal.com.bd | Bengal House, 75 Gulshan Avenue Gulshan-1, Dhaka-1212 |
| Paragon Plast Fiber Ltd. | Phone: 028821393, 9882107-8, 01819593662 | info@pragongroup-bd.com | Office: Paragon House (7th Floor), 5 Mohakhali C/A, Dhaka-1212 |
| Matador Ballpen Industries | Phone: 9677782, 01730083077 | info@matador.com.bd | 102 Azimpur Road, Dhaka-1205 |
| Yeakin Polymer | Phone: 51000206-7, 01713039957 | yeakingroup@gmail.com | 23/6, Mirpur Road, Rupayan Shelford, 15th Floor, Suit # G-14 & H-14, Shamoly, Mohammadpur, Dhaka-1207 |
| National Fittings & Accessories Ltd. | Phone: 58812837, 01970095970 Fax: 58812837 |
alim@natinalpolymer.net | Uday Tower 57-57/A, Gulshan#1, Dhaka#1212 |
| National Polymer Industries Ltd. | Phone: 58812837, 01970095970 Fax: 58812837 |
alim@natinalpolymer.net | Uday Tower 57-57/A, Gulshan#1, Dhaka#1212 |
| PRAN-RFL | Phone: 9881792, 8835546 Fax: 8837464 |
rfl@prangroup.com | PRAN-RFL Centre 105 Middle Badda, Dhaka–1212 |
| Matador Tooth brush Ind. Ltd. | Phone: 58612884, 586126979 | hr@matador-bd.com | 102 Azimpur Road, Dhaka-1205 |
| Bonga Building Materials Ind. Ltd. | Phone: 9881792, 8835546 Fax: 8837464 |
rfl@prangroup.com | PRAN-RFL Group, PRAN-RFL Centre, 105 Middle Badda, Dhaka–1212 |
| N. Mohammad Plastic Ind. Ltd. | Phone: 650362, 653558, 654792-3 | sales@nmohammad.com | Office: 179/A, C. D. A. Avenue, Muradpur, Chittagong |
| Hamko Industries Limited | Phone: 8391050, 01755535581 | plastic@hamko.com.bd | Office: Akram Toter, 199, Shahid Nazrul Islam Sarani (3rd Floor), Bijoynagar, Dhaka |
| Moonlight Pet Flakes and Pet Strip Industry | Phone: 0255046767, 01818646587 | pet_moonlight@yahoo.com | Office: House-4, Road-1, Block-B, Aftab Nagar, Badda, Dhaka-1212 |
| Bangladesh Petrochemical Company Limited (BPCL) | Phone: 58952440, 58950477, 01912100800 | mizan@bpcl.com.bd | Head office: House# 14, Road# 5 Sector# 01, Uttara Dhaka-1230 |
| Bags and Packs Industries Limited | Phone: 9103060, 01973090412 | info@bagsandpacks.net | Office: Firoz Tower, Level-14, 152/3B, Bir Uttam Kazi Nuruzzaman Sarak Green Road, Panthapath, Dhaka-1205 |
| Plastoccats Limited | plastoccats@gmail.com | Address: 70/1 Naya Paltan, VIP Road, Dhaka-1000 | |
| Khatoon Plastic Industries Limited | kpl@zamangroup.com.bd | Address: City Centre (Level-11), Block-D-90/1, Motijheel C/A, Dhaka | |
| HMP Renewable Resources Co. Ltd. | pet-moonlight@yahoo.com | Address: 595, Bagbaria, Mahayampur, Sonargaon, Narayanganj. | |
| Yi Fei Polymer Industry Limited | yifeipolymer@gmail.com |
Office: House-58, Road-02 (VIP), Block-C, Bashundhara R/A Company: Paikura, Borohit, Ishwarganj, Mymensing |
|
| G Q Industries Limited | Phone: 029344630-9 | gqbpl@gq-group.com, gqbpil@gq-group.com | Office: 331/2, Shahid Tajuddin Ahmed Sarani (3rd Floor), Bara Mogbazar, Dhaka-1217 |
| Paa Plastic Ind. Ltd. | Phone: 312500663, 01711963897 | fpri2006@gmail.com, fprictg@gmail.com | Kamal Ataturk Avenue, See Beach Road, South Patanga, Ctg |
| Trillion Gold Ltd. | Phone: 01678859072 | shudin@epfbd.com | Office: Chirir Bandar, Dinajpur |
| Techono Plastic Solution Pvt. Ltd. | Phone: 01711528878, 01711182392 | Office: Plot No#2560, Gazipur | |
| Akhi & Brothers | Phone: 01920096118 | akhibrothers@gmail.com | Office: Ali Akbar Building (2nd Floor), M A Aziz Road South Halishahar, Bandar, Ctg. |