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India emerges as a growing market for Bangladesh WPP bags

May 23/2012

(thefinancialexpress) -- India has emerged as a growing market for local woven polypropylene (WPP) bags, which industry owners attributed to huge demand of the world class packaging materials in the neighbouring country's cement sector.

They said India has a large cement market which is expanding day by day, but it has no adequate packaging material factories to meet up their growing demand. So they are gradually depending on Bangladeshi WPP cement bags (adstar bags).

Nearly 5,000 tonnes of WPP cement bags are being used in the fast growing developing country monthly. Local Bengal Plastic Industries Ltd, Madina Polymer Industries Limited, and Akij Group export plastic WPP bags in the South Asian country.

The export prospect of the product in the European Union and USA has also become bright following the anti -dumping duty and wage hike of workers in China, Vietnam, Cambodia and Thailand.

Now EU and USA are importing nearly 75 per cent of the local WPP bags.

Once China, Vietnam, Cambodia and Thailand would meet up the Eurozone demand but now they are reducing production following the wage hike, said industry people.


mrcplast.com
Author:Anna Larionova
Tags:PP, packaging.
Category:General News
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