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The production in the packaging industry of Bangladesh fell 25 percent in 2023 due to under-supply of raw materials and a decline in demand, according to industry people.
The growth of the country’s packaging industry is in a slow lane due to the persisting economic uncertainty and the impacts of the price hike of the US dollar, gas and electricity, according to industry people.
With the aim of catering to the growing local market and diversifying the country's export basket, Akij Group invested more than Tk 1,000 crore in setting up a plant to produce films for packages.