Bangladesh Textile Market (2023-2029) | Analysis, Trends, COVID-19 IMPACT, Industry, Outlook, Share, Forecast, Revenue, Size, Growth, Value & Companies

Bangladesh Textile Market Highlights

Report Name	Bangladesh Textile Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	5.85%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Product Types, Raw Material Types, and applications
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the Bangladesh Textile Market Report

Bangladesh Textile Market report thoroughly covers the market by raw material types, product types, and applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Textile Market Synopsis

Bangladesh Textile Market has been growing faster and this market is anticipated to accomplish major growth during the forecast period on the back of the nation’s robust manufacturing infrastructure, favorable government policies and trade agreements. These factors have been stimulating the growth of this market. 

According to 6Wresearch, the Bangladesh Textile Market size is projected to grow at a compound annual growth rate (CAGR) of 5.85% during the forecast period 2023-2029. The Bangladesh textile market has been driven by several significant factors contributing to its progress. Foremost among these drivers is the nation’s robust manufacturing infrastructure, which has enabled for cost-effective production and export of textiles. The country’s competitive advantage in terms of low labour costs as well as a skilled workforce has positioned it as a global hub for textile manufacturing. In addition, favourable government policies and trade agreements have also been playing a pivotal role in boosting the textile market. Trade agreements, especially with Western markets, have facilitated enhanced exports, while supportive policies have incentivized investments and innovation within the market. Furthermore, the nation’s strategic geographical location provides easy access to major international markets, improving its competitiveness in the global textile trade. However, alongside these positive factors, the Bangladesh textile market confronts several challenges that could impede its growth trajectory. One of the most pressing challenges is the industry's overreliance on a few major markets for exports, making it vulnerable to geopolitical tensions as well as changes in trade policies. These challenges can pose Bangladesh Textile Market Growth. 

Textile Market in Bangladesh: Key Players

A number of players have been operating their business in this market, but only a few players have well-established themselves and these players include:

• Square Textiles
• Beximco Textiles
• Pacific Jeans Limited
• DBL Group
• Envoy Textiles
• Epyllion Group
• Lafarge Textile Mills Limited
• Partex Group
• Plummy Fashions Ltd.
• Noman Group

Bangladesh Textile Industry: Government Regulations

The government of the country has introduced and enforced labor laws and safety regulations in order to enhance working conditions in textile factories and this includes regulations lined to minimum wage, working hours, child labour, and workplace safety standards. The implementation of such regulations has been a major focus after past incidents, like the Rana Plaza collapse in 2013, highlighting the requirement for enhanced safety measures. The textile market in Bangladesh confronts pressure to comply with environmental regulations. There have been regulations to monitor and decrease pollution caused by textile manufacturing processes, like dyeing and chemical usage. Efforts are being made in order to promote eco-friendly practices and technologies. 

Market Segmentation by Raw Material Types

According to Shivankar, Research Manager, 6Wresearch, it is the Chemical category, which is experiencing the major growth in Bangladesh Textile Market. This includes artificial materials, synthetic fibres, and other chemically processed materials that are used in textile production.

Market Segmentation by Product Types

On the basis of product types, it is the polyesters segment which is experiencing strong growth in the market and this segment is projected to experience major growth in the coming years. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh  Textile Market Outlook
• Market Size of Bangladesh  Textile Market, 2022
• Forecast of Bangladesh  Textile Market, 2029
• Historical Data and Forecast of Bangladesh  Textile Revenues & Volume for the Period 2019-2029
• Bangladesh  Textile Market Trend Evolution
• Bangladesh  Textile Market Drivers and Challenges
• Bangladesh  Textile Price Trends
• Bangladesh  Textile Porter's Five Forces
• Bangladesh  Textile Industry Life Cycle
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Raw Material Types for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Cotton for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Chemical for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Wool for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Silk for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Others for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Product Types for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Natural Fibers for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Polyesters for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Nylon for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Others for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Applications for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Household for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Technical for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Fashion & Clothing for the Period 2019-2029
• Historical Data and Forecast of Bangladesh  Textile Market Revenues & Volume By Others for the Period 2019-2029
• Bangladesh  Textile Import Export Trade Statistics
• Market Opportunity Assessment By Raw Material Types
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Applications
• Bangladesh  Textile Top Companies Market Share
• Bangladesh  Textile Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh  Textile Company Profiles
• Bangladesh  Textile Key Strategic Recommendations

Markets Covered

The market report thoroughly covers the following segments:

By Raw Material Types

• Cotton
• Chemical
• Wool
• Silk
• Others

By Product Types

• Natural Fibers
• Polyesters
• Nylon
• Others

By Applications

• Household
• Technical
• Fashion & Clothing
• Others