Bangladesh is working to occupy 3 per cent of the global market by 2030, said Shamim Ahmed, president of the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA).

The country's plastic sector was undergoing an annual growth of 20 per cent, he said.

But unlike the garment and textile sector, the plastic did not get the enough foreign investment for which the share was still low.

He was addressing a press conference the association organised on its premises in Dhaka to announce the launching of a four-day International Plastic Fair-2023 from February 22.

Jointly being organised for a 15th time by the association and Yorker Trade and Marketing Service Company at International Convention City Bashundhara, the fair aims to create new markets for locally made plastic products.

A total of 750 stalls will be set up by 494 companies from about 21 countries including China, South Korea, Belgium, Canada, USA, France, Italy, Japan, Austria and United Arab Emirates, said Ahmed.

They are expected to showcase a variety of products and manufacturing machineries, which in turn is expected to increase investments, market size and exports, he said.

The products include household items, packaging materials, moulds, toys, pharmaceuticals, furniture, garments accessories, automobiles and electric and electronic merchandise.

At present, over 5,030 micro, small, medium and large industries are operating in the country's plastic sector.

There are 4,000 plastic manufacturing companies in Bangladesh that employ more than two million people directly and indirectly.

Plastic products worth about Tk 40,000 crore are currently being produced and marketed internally.