RFL Plastics: The Largest Plastic Company in Bangladesh

                                               
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Meeting Bangladesh’s Plastic Challenge through a

                                               
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BIDA - Plastic

                                               
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Plasticizers: Types, Uses, Classification, Selection & Regulation

                                               
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Towards the effective plastic waste management in Bangladesh

                                               
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  • Could Bangladesh emerge as a global player in the plastics industry?
  • Bangladesh could emerge as a global player in the plastics industry by hiking its annual turnover to BDT161.18 billion (US$2 billion) by 2015 and BDT322.36 billion (US$4 billion) by 2020, according to a study conducted by the United Nations’ Economic and Social Commission for Asia and the Pacific (ESCAP) (Recycling International, 2012).
  • What is the local market of Bangladeshi plastic products?
  • Besides, the local market of Bangladeshi plastic products is about BDT200 billion a year. The plastic industry is a key enabler of innovation of many products and technologies in other sectors of the economy like packaging, textile, healthcare, construction, electronics, energy generation, automotive and so on.
  • How much is plastic worth in Bangladesh?
  • Annual sales of plastic products are estimated at around BDT150 billion in the local market, in which household items account for nearly BDT20 billion. According to the Bangladesh Plastic Goods Manufacturers & Exporters Association (BPGMEA) data, currently, 300 manufacturers export plastic goods worth nearly BDT30 billion annually.
  • How many types of plastic products are produced in Bangladesh?
  • Currently, this industry produces 2,500 types of plastic products. Value addition in manufacturing plastic products hovers between 51% and 70%, which is also commendably high. Most of the household plastics and packaging materials that are used in Bangladesh are being manufactured locally.
  • Is Bangladesh a good exporter of plastic products?
  • Bangladesh has not yet emerged as an exporter of plastic products with considerable share. It is ranking in the world exports is 89. This is because Bangladesh has only 0.01% share of the global demands. Demand for Bangladeshi plastic products has been increasing as the international buyers are now shifting more to Bangladesh from China and India.
  • Does Bangladesh have a Sustainable Plastics Industry?
  • Although the plastics industry in Bangladesh has made remarkable progress over recent years, it continues to lack a well-designed strategy for achieving long-term and sustainable growth which suggests a consistent and direct policy to be ensured by the government (Recycling International, 2012).