Kamrul

Industry analysis of Plastic Bags The industry is in the cash cow quadrant. In Bangladesh, plastic bags have been outlawed by the government and that has put the industry into the hibernation, though it sparked a black market. Since Bangladesh outlawed it, the other countries still haven’t outlawed it have been the focus of the producers in Bangladesh. And these days, those countries are also getting conscious about its prospective effect regarding health, environment and so on. So, that window is also getting squeezed.   So, now producers are working on a short term basis to reap out as much cash as possible because in the long run people will not be using this product the way they are using today. The other thing causing impact on its industry is bio-non-degradability. Some plastic bags take decades to be decomposed. So, this poses a negative signal to the conscious people and these people are switching to the shopping bag, paper or jute bag. In Bangladesh, it was found that