BE Magazine

News Snippets
Monthly business magazine
Local Manufacturers grip growing Baby Diaper market
Locally produced baby diapers are gradually
gripping the market previously dominated
by foreign brands. According to retailers and
local manufacturers, about 70% of demand
for baby diapers was met with imports in
2014, which has come down to 40%. Local
manufacturers are now fulfilling over 60%
of domestic demand. Industry insiders say,
the market size of baby diapers grows 20%
to 30% annually, as the awareness about
baby care is increasing. The growth also
owes to an increasing number of women
going out to work, and so they need for their
babies to be draped in diapers becoming an
everyday necessity. Currently, eight local
companies are manufacturing baby diapers in Bangladesh. According to unofficial estimates of the market
players, Incepta Pharmaceuticals Ltd’s brand NeoCare holds a 10% share of the total market while it enjoys
a 30% market share of locally produced baby diapers. Chu-Chu diaper of Bangladesh Silicon Corporation
holds around 23% market share. Supermom of Square Toiletries holds a 10% share of the market. ACI
Limited launched Savlon Twinkle around two years ago, which now holds around 6% to 7% market share.
Bashundhara diaper of Bashundhara Group, Thai baby diaper of AB Group, PRAN-RFL’s brand Kidstar,
Smile baby diaper of Social Marketing Company (SMC) is among the local brands holding around 10%
market share. On the other hand, Pampers, Molfix, Huggies, MamyPoko, Glory, Bambo Nature diapers, etc
are the foreign brands, imported mostly from India, China, Egypt, and Nigeria.
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News Snippets
Security-free loan for entrepreneurs
Supporting the small and cottage industries in
Bangladesh, the Industry Minister of Bangladesh Mr.
Nurul Majid Mahmud Humayun has revealed that his
ministry is taking proper initiatives to ensure securityfree
loan and market facilities to the entrepreneurs of
small and cottage industry sector. He expressed his belief
that there is a huge demand for Bangladeshi handicraft
products in international markets and so it is time to
explore and strengthen export facilities.
NY keen
to boost
investment in
Bangladesh
A US business
delegation led
by Senator Luis
Sepulveda recently
met a couple of
business leaders
of the Federation
of Bangladesh
Chambers of Commerce and Industries (FBCCI),
including its President Sheikh F Fahim, to discuss
cooperation in potential sectors. The delegation
expressed their keen interest in strengthening
state-level partnership with Bangladesh,
highlighting New York’s role in the USA economy
as the financial epicenter. The delegation also
discussed possible ways for knowledge transfer,
industry-academia exchange and strengthening
trade relations between Bangladesh and the USA.
Trade relations between the two countries stand
in FY 2019 at $8.65bn, with exports $6.87bn and
imports of $1.77bn.
december, 2019
Monthly business magazine