Bangladesh has more than 100 paper mills with a capacity of producing more than 15 Lakh tons of paper and paper products annually. Bangladesh paper packaging market is expected to witness a healthy growth in the coming years. Among all sectors, industrial packaging held the major market revenue share in the year 2020 and the same trend is expected to prevail in the years to come on account of the rapid expansion of the garment industry Bangladesh. Moreover, government policies to boost the industrial sector is expected to create a cascading effect, which would give an impetus to the packaging paper market in Bangladesh. The current size of the global plastic market is $570 billion and is growing at 20% CAGR. The plastic industry sees huge potential for growth in sales both in local and global markets, attracting new investments. Entrepreneurs in the sector now cater to more than 80% of the local demand with annual domestic sales of over Tk28,000 crore.
