Bangladesh’s plastic sector has seen robust export growth, with shipments rising by 21.25% in the first eight months of FY25, reaching $203.63 million compared to $166.59 million in the same period of FY24. This surge is attributed to rising global demand, diversified product offerings, and increased production capacity. European buyers are increasingly turning to Bangladesh as an alternative to China, creating opportunities for expansion. However, challenges like political unrest and infrastructure issues, including gas shortages and power disruptions, have hindered growth for some businesses. Despite these setbacks, the sector has expanded into new markets such as North America, Australia, and Africa, with companies like RFL Group reporting a 35% increase in exports. The Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) projects further growth, aiming to capture a 3% share of the global market in the coming years by expanding product categories like toys, household items, and engineering products.
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