Plastic recycling business in Bangladesh

Abstract

Globally, the problem of plastic pollution has an impact on ecosystems and public health. Bangladesh's limited financial resources pose significant obstacles to its ability to effectively manage plastic remains. This thesis primarily aimed at exploring the existing practices of the plastic recycling industry in Bangladesh, with a focus on assessing the current state of the industry and identifying business prospects and opportunities. The study also examined the ecological and social advantages of recycling plastic, such as its capacity to reduce waste from plastics, provide employment, and advance sustainable development.

This thesis provides important new perspectives on the benefits and limitations concerning plastic recycling in Bangladesh. Using a quantitative survey study with a sample size of 52 from a recycling and waste management, company x in Bangladesh was chosen to give comprehensive insights. This thesis relieved that recycled plastic products are becoming increasingly valuable in both domestic and foreign markets. This is because people are becoming more concerned about sustainability and the environment. Government actions, like offering tax breaks and policy support, have made it easier for businesses to invest money on improving and building recycling infrastructure. Even so, there are still challenges in this area, such as failed waste management methods, limited technology, and a lack of precise regulations.

The thesis addressed how important it is to take a strategic approach and how consumers need to be aware to enhance the opportunities and eliminate the challenges of plastic recycling businesses in Bangladesh.