In the era of COVID, our virtual exhibitions provided a safe haven for networking, fostering valuable connections without geographical constraints or health concerns.
WHAT'S ABOUT EVENT / whats going on there come and learn
Demand for packaged consumer goods was already on a gradual rise, with people becoming more health conscious, cities growing, and disposable incomes rising. According to industry insiders, the market size of the local flexible packaging industry is around Tk 6,000 crore with an annual growth rate of around 20%. The industry employs around 50,000 people and has a local annual demand for 2 lakh tones of flexible packaging material, with 80% being met by domestic companies.
The industry employs around 50,000 people and has a local annual demand for 2 lakh tones of flexible packaging material, with 80% being met by domestic companies. The remaining 20% of the demand, primarily pharmaceutical items, is met by imports.
president of the Bangladesh Flexible Packaging Industries Association, said pharmaceutical companies will also begin sourcing local products once the least developed country (LDC) import facilities expire, which will boost the local market further. People involved with the industry said the sector, which was once completely import-dependent, is now meeting around 80% of local demand. Made of non-rigid materials like paper, plastic, aluminum foil, flexible packages are growing popularity for their customized and readily-changing shapes. Major users include food and beverage, personal care and pharmaceutical industries.
Flexible packaging-makers need polyethylene, polyester, nylon, film foil laminations and ink as raw materials. Around 80% of the raw materials are imported, while local sourcing stands at 20%. According to manufacturers, they import these items from China, Korea, Thailand, Singapore, and European countries.
Safius Sami Alamgir, managing director of the country’s first packaging-maker Tampaco Group, sees huge export potential for local players. Tampaco now manufactures packaging items for 485 products in nine segments, including major brands Pran, British American Tobacco Bangladesh and Nestlé.
With 10,000 tons of annual production, Tampaco holds 8%-10% of the domestic market share. But Safius Sami said they are yet to begin direct exports. “We need policy support and government assistance in finding out new markets abroad,” he told.
The best exhibition organizer in Bangladesh Eco Expo appreciates that, for the development and progress of the packaging sector, about 50 Bangladeshi businessmen and importers of the packaging sector are organized in October 2021 for the development of the packaging sector or a fair with India in India either at this fair or discussing the development of the packaging sector and discussing the requirements. Along with the various technical packaging of Indian, Bangladeshi traders are shown. Bangladeshi traders benefited greatly and expressed interest in the technical machinery for their progress in the packaging world.
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Bridging distances virtually, our online exhibitions empowered participants worldwide to showcase, discover, and engage seamlessly, transcending boundaries.
Our online exhibitions broke barriers, allowing exhibitors and buyers to engage, explore, and connect conveniently from the comfort of their homes.
Our shift to online exhibitions empowered exhibitors and buyers alike, ensuring inclusivity and access to opportunities despite the unprecedented circumstances.
Through digital platforms, our exhibitions curated interactive experiences, nurturing meaningful engagements and transactions in a dynamic virtual landscape.
Amidst the pandemic, our online exhibitions became the beacon of adaptability, proving that innovation thrives even in challenging times.
Our online exhibitions broke barriers, allowing exhibitors and buyers to engage, explore, and connect conveniently from the comfort of their homes.
Bridging distances virtually, our online exhibitions empowered participants worldwide to showcase, discover, and engage seamlessly, transcending boundaries.
In the era of COVID, our virtual exhibitions provided a safe haven for networking, fostering valuable connections without geographical constraints or health concerns.
Our shift to online exhibitions empowered exhibitors and buyers alike, ensuring inclusivity and access to opportunities despite the unprecedented circumstances.
Amidst the pandemic, our online exhibitions became the beacon of adaptability, proving that innovation thrives even in challenging times.
Through digital platforms, our exhibitions curated interactive experiences, nurturing meaningful engagements and transactions in a dynamic virtual landscape.
In the era of COVID, our virtual exhibitions provided a safe haven for networking, fostering valuable connections without geographical constraints or health concerns.
Our online exhibitions broke barriers, allowing exhibitors and buyers to engage, explore, and connect conveniently from the comfort of their homes.
Bridging distances virtually, our online exhibitions empowered participants worldwide to showcase, discover, and engage seamlessly, transcending boundaries.
Our shift to online exhibitions empowered exhibitors and buyers alike, ensuring inclusivity and access to opportunities despite the unprecedented circumstances.
Through digital platforms, our exhibitions curated interactive experiences, nurturing meaningful engagements and transactions in a dynamic virtual landscape.
Amidst the pandemic, our online exhibitions became the beacon of adaptability, proving that innovation thrives even in challenging times.
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