Bombacaceae were long recognised as a family of flowering plants or Angiospermae. The family name was based on the type genus Bombax. As is true for many botanical names, circumscription and status of the taxon has varied with taxonomic point of view, and currently the preference is to transfer most of the erstwhile family Bombacaceae to the subfamily Bombacoideae within the family Malvaceae in the order Malvales. The rest of the family were transferred to other taxa, notably the new family Durionaceae. Irrespective of current taxonomic status, many of the species originally included in the Bombacaceae are of considerable ecological, historical, horticultural, and economic importance, such as balsa, kapok, baobab and durian.

Malvaceae, or the mallows, is a family of flowering plants estimated to contain 244 genera with 4225 known species. Well-known members of economic importance include okra, cotton, cacao, roselle and durian. There are also some genera containing familiar ornamentals, such as Alcea (hollyhock), Malva (mallow), and Tilia. The genera with the largest numbers of species include Hibiscus, Pavonia, Sida, Ayenia, Dombeya, and Sterculia.