Business Plan
1. INTRODUCTION:
Packaging industry
Packaging is a prerequisite for marketing, selling and handling products. Packaging also has a purpose of storage. Packaging industry has developed following the huge demand of packaging products. In Bangladesh, though the packaging industry developed from 1970’s, still the industry started flourishing from the 1990’s. As garments sector created a bumper demand for packaging products, many packaging plants started booming along with garments factory. Mainly the factories are situated near-by the garments factory. The packaging manufacturing plants are of international standard, and their outputs are also of international standard.
In Bangladesh, there are around 700 packaging factories. Mostly 97% of the factory concentrates on manufacturing corrugated box. Packaging industry includes a huge number of packaging products. Poly bag is holding the second position in the packaging sector. Garments sector flourish both poly and corrugated box industry. Other than garments sector, fish export business creates a lot of demand for packaging products.
It was in 1964, a Nobel award winner started his own packaging plant. And he became successful in this business. A great amount of revenue is earned from this industry.
Bangladesh once was sufficient in paper production. But now, Bangladesh has a lacking in paper production. For the huge demand of corrugated box, packaging factories are importing huge amount of paper from Korea and also India. Though Bangladesh government has been providing tax- holiday opportunity, packaging industry will be lot more benefited if paper manufacturing plants are established. Packaging includes lot of item. They are described below.
Packaging
Packaging is the science, art and technology of enclosing or protecting products for distribution, storage, sale, and use. Packaging also refers to the process of design, evaluation, and production of packages. Package labelling (BrE) or labeling
Packaging industry
Packaging is a prerequisite for marketing, selling and handling products. Packaging also has a purpose of storage. Packaging industry has developed following the huge demand of packaging products. In Bangladesh, though the packaging industry developed from 1970’s, still the industry started flourishing from the 1990’s. As garments sector created a bumper demand for packaging products, many packaging plants started booming along with garments factory. Mainly the factories are situated near-by the garments factory. The packaging manufacturing plants are of international standard, and their outputs are also of international standard.
In Bangladesh, there are around 700 packaging factories. Mostly 97% of the factory concentrates on manufacturing corrugated box. Packaging industry includes a huge number of packaging products. Poly bag is holding the second position in the packaging sector. Garments sector flourish both poly and corrugated box industry. Other than garments sector, fish export business creates a lot of demand for packaging products.
It was in 1964, a Nobel award winner started his own packaging plant. And he became successful in this business. A great amount of revenue is earned from this industry.
Bangladesh once was sufficient in paper production. But now, Bangladesh has a lacking in paper production. For the huge demand of corrugated box, packaging factories are importing huge amount of paper from Korea and also India. Though Bangladesh government has been providing tax- holiday opportunity, packaging industry will be lot more benefited if paper manufacturing plants are established. Packaging includes lot of item. They are described below.
Packaging
Packaging is the science, art and technology of enclosing or protecting products for distribution, storage, sale, and use. Packaging also refers to the process of design, evaluation, and production of packages. Package labelling (BrE) or labeling