KEY ASPECTS
Growth of Global MPPE Market
The global Medical Personal Protective Equipment (MPPE) market was valued at $83.91 billion in 2023, projected to reach $128.57 billion by 2032, with a 4.9% CAGR.
Bangladesh’s Post-COVID MPPE Export Surge
In FY 2020-21, Bangladesh’s MPPE exports hit $618 million, marking a 23.39% increase, with key markets in Germany, the U.S., Belgium, and Turkey.
Bangladesh’s MPPE Manufacturing Landscape
Bangladesh boasts 33 active companies producing MPPE, leveraging its textile infrastructure and government support to meet global demand with high-quality products.
Innovation in Sustainable MPPE
Bangladesh pioneers biodegradable MPPE using jute and other sustainable materials, emphasizing eco-friendly solutions alongside skilled workforce and advanced manufacturing capabilities.
SECTOR PROFILE
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MPPE INDUSTRY KEY PRODUCTS
KEY EXPORT MARKET
4.9%
Growth rate
8
Number of products
61
Exported to countries
$128.57 bn
Target to achieve
COMPETITIVE ADVANTAGES
Competitive workforce
Competitive labour cost in Bangladesh's export-oriented industries provides a strong competitive advantage, despite competition from China and ASEAN countries, enhancing the MPPE industry's position.
Bangladesh's skilled and competitive labour force is a key asset in sectors like textiles, manufacturing, and ICT and services. With a young workforce of approximately 63% under 35, the country has a total labour force of around 70m, with a large segment employed in garment and manufacturing.
Government programs, vocational training, and low labour costs have improved technical skills and productivity in a cost-competitive manufacturing hub, contributing to economic growth in the garment and ICT sectors.
Duty-free market access
Bangladesh has a duty-free access to developed countries (generalized system of preferences) such as the EU, UK, Japan, Canada, Russia, and Australia. Only a few exporting nations are beneficiaries of duty-free access, thus indicating the industry’s potential to gain export competitiveness.
Strategic Export Markets
Bangladesh has expanded its MPPE export markets, with key destinations including the United States, Germany, Belgium, and Turkey. This wide-reaching export network increases its global competitiveness.
Sustainability and Eco-friendly Products
Bangladesh is making strides in sustainable MPPE production. Innovations in biodegradable PPE, like jute-based masks and gowns developed by local companies, help meet global demand for environmentally responsible products. This positions Bangladesh well in markets prioritizing sustainability.
POLICY SUPPORT
Fiscal Incentives
MPPE manufacturers in SEZs and EPZs enjoy tax holidays and VAT exemptions on raw materials, reducing costs and boosting investment.
The Export Promotion Bureau offers cash incentives (4%-15%) to MPPE exporters, enhancing their global competitiveness.
MPPE exporters can reclaim duties on imported raw materials used in exports, lowering manufacturing costs.
The Bangladesh Bank(Central Bank of Bangladesh) provides low-interest loans for MPPE manufacturers to support growth and adoption of green technologies.
Non-fiscal
These zones provide streamlined customs, competitive land rates, and infrastructure support for MPPE production.
The government encourages innovation, including biodegradable PPE projects like jute-based products, to meet eco-friendly demand.
Local MPPE production aligns with international standards (e.g., EU PPE Regulation 2016/425) to facilitate global market access.
The Bangladesh Investment Development Authority (BIDA) facilitates trade relations, trade missions, and networking opportunities.
Government-supported training programs ensure a skilled workforce for quality production and competitiveness in the MPPE sector.
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