Key Insights
The Bangladesh textile market, valued at $19.04 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 5.81% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, Bangladesh's established position as a global ready-made garment (RMG) exporter provides a strong foundation for continued growth within the textile sector. The country benefits from a large and relatively low-cost workforce, a well-developed infrastructure in certain regions, and government initiatives promoting the industry's competitiveness. Furthermore, increasing global demand for sustainable and ethically sourced textiles presents an opportunity for Bangladesh to leverage its strengths in producing environmentally friendly materials and fair labor practices. However, challenges remain, including maintaining competitiveness amidst rising global production costs, adapting to evolving consumer preferences for innovative fabrics and designs, and ensuring the industry's long-term sustainability through responsible resource management and environmental protection. The industry faces competitive pressure from other major textile producers, necessitating continuous innovation and investment in technology and skills development.
Bangladesh Textile Market Market Size (In Billion)
Major players like Ha-meem Group, Noman Group, and Beximco Textile Division Limited dominate the market, but a multitude of smaller companies also contribute significantly. Market segmentation likely includes various fiber types (cotton, synthetic, blended), fabric categories (woven, knitted, non-woven), and end-use applications (apparel, home textiles, industrial textiles). Regional variations in market dynamics are probable, reflecting differences in infrastructure, labor costs, and consumer demand across the country. To sustain its growth trajectory, Bangladesh's textile industry must focus on technological advancements, diversification into high-value-added products, and a greater emphasis on sustainable manufacturing practices, thereby securing its position in the global textile landscape.
Bangladesh Textile Market Company Market Share
Bangladesh Textile Market Report: 2019-2033
This comprehensive report provides a detailed analysis of the Bangladesh textile market, encompassing its dynamics, growth trends, key players, and future outlook. Covering the period from 2019 to 2033, with a base year of 2025, this report is an invaluable resource for industry professionals, investors, and stakeholders seeking to understand this dynamic market. The report segments the market into key areas, offering granular insights into parent and child markets to maximize strategic decision-making. The market size is presented in million units.
Bangladesh Textile Market Dynamics & Structure
The Bangladesh textile market is characterized by a moderately concentrated structure, with several large players holding significant market share. Key drivers of innovation include the adoption of advanced technologies like automation and sustainable manufacturing practices. The regulatory framework, while evolving, significantly impacts market operations, particularly concerning environmental regulations and worker safety. Competitive substitutes, primarily from other low-cost manufacturing hubs, present ongoing challenges. End-user demographics are shifting towards a greater focus on sustainable and ethically sourced products. M&A activity has been relatively moderate in recent years, with a reported xx million USD in deal volume during the historical period (2019-2024), representing an average of xx million USD per year.
- Market Concentration: Moderately concentrated, with the top 5 players holding approximately xx% of the market share.
- Technological Innovation: Driven by automation, sustainable production technologies (e.g., water recycling, energy efficiency), and digitalization of supply chains. Innovation barriers include the cost of adopting new technologies and a lack of skilled labor in certain areas.
- Regulatory Framework: Evolving regulations regarding environmental protection and worker safety influence production costs and operational practices.
- Competitive Substitutes: Competition from other low-cost manufacturing regions such as Vietnam and India.
- End-User Demographics: Growing demand for sustainable and ethically produced textiles.
- M&A Trends: Moderate M&A activity, primarily focused on consolidation and expansion into new product segments.
Bangladesh Textile Market Growth Trends & Insights
The Bangladesh textile market experienced significant growth during the historical period (2019-2024), with a Compound Annual Growth Rate (CAGR) of xx%. This growth is attributed to several factors including increasing global demand for textiles, favorable government policies, and the country's established manufacturing infrastructure. However, recent global economic uncertainties have impacted growth rate in 2024 with a CAGR projected at xx% during the forecast period (2025-2033). Market penetration for sustainable textiles is expected to increase from xx% in 2024 to xx% by 2033, driven by growing consumer awareness and brand commitments to ethical sourcing. Technological disruptions, such as the adoption of AI-powered design and production processes, will continue to reshape the market landscape. Consumer behavior shifts toward eco-friendly and technologically advanced textiles are expected to drive future growth. The projected market size in 2025 is estimated at xx million units.
Dominant Regions, Countries, or Segments in Bangladesh Textile Market
The Dhaka region continues to be the dominant force in the Bangladesh textile market, accounting for approximately xx% of the total market value in 2024. This dominance is due to several factors: well-established infrastructure, a skilled workforce concentrated in the area, and proximity to major ports. Other significant regions include Chittagong and Narayanganj. The ready-made garment (RMG) sector remains the largest segment, contributing approximately xx% to the overall market value. Growth in this segment is driven by global demand and Bangladesh's competitive advantage in cost-effective production.
- Key Drivers:
- Established Infrastructure: Well-developed manufacturing facilities and logistics networks.
- Skilled Workforce: Abundant labor supply with experience in textile manufacturing.
- Government Support: Favorable policies and incentives promoting the textile industry.
- Proximity to Ports: Efficient access to global export markets.
- Dominance Factors:
- High Production Capacity: Dhaka's concentration of manufacturing facilities enables high production volumes.
- Cost Competitiveness: Low labor costs and efficient production processes make Dhaka a cost-effective manufacturing hub.
- Supplier Networks: Established networks of suppliers provide a readily available supply chain.
Bangladesh Textile Market Product Landscape
The Bangladesh textile market offers a diverse range of products, including woven and knitted fabrics, garments, and home textiles. Innovation is focused on enhancing product performance (e.g., durability, water resistance, stain resistance) and incorporating sustainable materials like organic cotton and recycled fibers. Unique selling propositions emphasize ethical sourcing, sustainable production practices, and competitive pricing. Technological advancements include the integration of smart textiles and the use of advanced finishing techniques.
Key Drivers, Barriers & Challenges in Bangladesh Textile Market
Key Drivers:
- Increasing global demand for textiles.
- Favorable government policies and incentives.
- Low labor costs.
- Established manufacturing infrastructure.
Key Challenges & Restraints:
- Fluctuations in global cotton prices.
- Intense competition from other low-cost manufacturing countries.
- Environmental concerns and sustainability pressures.
- Dependence on imported raw materials.
- Labor-related challenges, including maintaining worker safety and fair labor practices. The cost associated with improving these conditions represent approximately xx million USD annually.
Emerging Opportunities in Bangladesh Textile Market
Emerging opportunities include growth in niche markets like technical textiles and sustainable apparel. Untapped potential lies in expanding into e-commerce channels and direct-to-consumer sales models. The increasing demand for customized and personalized products presents further opportunities for specialized textile manufacturers.
Growth Accelerators in the Bangladesh Textile Market Industry
Long-term growth will be fueled by technological advancements in production efficiency and sustainability, strategic partnerships with international brands, and expansion into new markets. Investment in research and development of innovative textile materials and processes will also play a crucial role. Government initiatives promoting sustainable practices and enhancing the skills of the workforce will further accelerate growth.
Key Players Shaping the Bangladesh Textile Market Market
- Ha-meem Group
- Noman Group
- Beximco Textile Division Limited
- Square Textile Ltd
- DBL Group
- Thermax Group
- Viyellatex Group
- Epyllion Group
- Mohammadi Group
- Fakir Group
- Akij Textile Mills Ltd
- Pakiza Group
- Masco Industries Limited
Notable Milestones in Bangladesh Textile Market Sector
- December 2022: The Asian Development Bank (ADB) provided a EUR 10.8 million (USD 11.2 million) loan to Envoy Textiles Limited for energy-efficient machinery, promoting sustainable production.
- March 2022: The AAFA and BGMEA signed an MoU to enhance trade access to the US market and promote sustainability.
In-Depth Bangladesh Textile Market Market Outlook
The Bangladesh textile market is poised for continued growth, driven by technological innovation, increasing global demand for sustainable textiles, and government support. Strategic opportunities exist for companies to invest in advanced technologies, build strong supply chains, and expand into new markets. The long-term outlook is positive, with significant potential for further market expansion and value creation. The projected market size in 2033 is estimated at xx million units.
Bangladesh Textile Market Segmentation
-
1. Application
- 1.1. Clothing Application
- 1.2. Industrial Application
- 1.3. Household Application
-
2. Material
- 2.1. Cotton
- 2.2. Jute
- 2.3. Silk
- 2.4. Wool
- 2.5. Synthetic
- 2.6. Other Materials
-
3. Process
- 3.1. Woven
- 3.2. Non-woven
Bangladesh Textile Market Segmentation By Geography
- 1. Bangladesh
Bangladesh Textile Market Regional Market Share
Geographic Coverage of Bangladesh Textile Market
Bangladesh Textile Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.81% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Increasing Demand for Natural Fibers
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Bangladesh Textile Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Application
- 5.1.1. Clothing Application
- 5.1.2. Industrial Application
- 5.1.3. Household Application
- 5.2. Market Analysis, Insights and Forecast - by Material
- 5.2.1. Cotton
- 5.2.2. Jute
- 5.2.3. Silk
- 5.2.4. Wool
- 5.2.5. Synthetic
- 5.2.6. Other Materials
- 5.3. Market Analysis, Insights and Forecast - by Process
- 5.3.1. Woven
- 5.3.2. Non-woven
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. Bangladesh
- 5.1. Market Analysis, Insights and Forecast - by Application
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 6.2. Company Profiles
- 6.2.1 Ha-meem Group
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 Noman Group
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 Beximco Textile Division Limited
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 Square Textile Ltd
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 DBL Group
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Thermax Group
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 Viyellatex Group
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Epyllion Group
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 Mohammadi Group
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 Fakir Group
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.11 Akij Textile Mills Ltd
- 6.2.11.1. Overview
- 6.2.11.2. Products
- 6.2.11.3. SWOT Analysis
- 6.2.11.4. Recent Developments
- 6.2.11.5. Financials (Based on Availability)
- 6.2.12 Pakiza Group
- 6.2.12.1. Overview
- 6.2.12.2. Products
- 6.2.12.3. SWOT Analysis
- 6.2.12.4. Recent Developments
- 6.2.12.5. Financials (Based on Availability)
- 6.2.13 Masco Industries Limited**List Not Exhaustive
- 6.2.13.1. Overview
- 6.2.13.2. Products
- 6.2.13.3. SWOT Analysis
- 6.2.13.4. Recent Developments
- 6.2.13.5. Financials (Based on Availability)
- 6.2.1 Ha-meem Group
List of Figures
- Figure 1: Bangladesh Textile Market Revenue Breakdown (Million, %) by Product 2025 & 2033
- Figure 2: Bangladesh Textile Market Share (%) by Company 2025
List of Tables
- Table 1: Bangladesh Textile Market Revenue Million Forecast, by Application 2020 & 2033
- Table 2: Bangladesh Textile Market Volume Billion Forecast, by Application 2020 & 2033
- Table 3: Bangladesh Textile Market Revenue Million Forecast, by Material 2020 & 2033
- Table 4: Bangladesh Textile Market Volume Billion Forecast, by Material 2020 & 2033
- Table 5: Bangladesh Textile Market Revenue Million Forecast, by Process 2020 & 2033
- Table 6: Bangladesh Textile Market Volume Billion Forecast, by Process 2020 & 2033
- Table 7: Bangladesh Textile Market Revenue Million Forecast, by Region 2020 & 2033
- Table 8: Bangladesh Textile Market Volume Billion Forecast, by Region 2020 & 2033
- Table 9: Bangladesh Textile Market Revenue Million Forecast, by Application 2020 & 2033
- Table 10: Bangladesh Textile Market Volume Billion Forecast, by Application 2020 & 2033
- Table 11: Bangladesh Textile Market Revenue Million Forecast, by Material 2020 & 2033
- Table 12: Bangladesh Textile Market Volume Billion Forecast, by Material 2020 & 2033
- Table 13: Bangladesh Textile Market Revenue Million Forecast, by Process 2020 & 2033
- Table 14: Bangladesh Textile Market Volume Billion Forecast, by Process 2020 & 2033
- Table 15: Bangladesh Textile Market Revenue Million Forecast, by Country 2020 & 2033
- Table 16: Bangladesh Textile Market Volume Billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Bangladesh Textile Market?
The projected CAGR is approximately 5.81%.
2. Which companies are prominent players in the Bangladesh Textile Market?
Key companies in the market include Ha-meem Group, Noman Group, Beximco Textile Division Limited, Square Textile Ltd, DBL Group, Thermax Group, Viyellatex Group, Epyllion Group, Mohammadi Group, Fakir Group, Akij Textile Mills Ltd, Pakiza Group, Masco Industries Limited**List Not Exhaustive.
3. What are the main segments of the Bangladesh Textile Market?
The market segments include Application, Material, Process.
4. Can you provide details about the market size?
The market size is estimated to be USD 19.04 Million as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
Increasing Demand for Natural Fibers.
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
December 2022: The Asian Development Bank (ADB) signed a EUR 10.8 million (USD 11.2 million) facility agreement with the Bangladeshi manufacturer of fashion denim, Envoy Textiles Limited, to support and finance the purchase and installation of energy-efficient spinning machinery and other equipment. This move is expected to enhance sustainable textile production and generate local jobs. The proceeds of the loan will be used to fund a second yarn spinning unit at Envoy's manufacturing plant in Jamirdia, Bangladesh.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in Billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Bangladesh Textile Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Bangladesh Textile Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Bangladesh Textile Market?
To stay informed about further developments, trends, and reports in the Bangladesh Textile Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence