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In the industrially advanced countries plastics
gained prominence as a modern, technically oriented, high growth
industry in the early twentieth century through making rapid inroads
into various branches of consumer goods, intermediate goods, and
capital goods industries primarily as low-cost substitutes for a
wide range of natural materials. Meanwhile, their application
as industrial raw materials in the developing countries like
Bangladesh remained rather limited. A generally low level of
economic development, narrow industrial base, and lack of intensive
technological and market research activities, constituted the
important barriers to rapid penetration of plastics into the market
occupied by the traditional materials in the less developed
countries (LDCs).
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