Bangladesh Home Textile Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.67 Billion |
| Market Size (2029) | USD 4.51 Billion |
| CAGR (2024 - 2029) | 4.25 % |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Bangladesh Home Textile Market Analysis
The Bangladesh Home Textile Market size is estimated at USD 3.67 billion in 2024, and is expected to reach USD 4.51 billion by 2029, growing at a CAGR of 4.25% during the forecast period (2024-2029).
The COVID-19 outbreak significantly impacted the business sectors and the overall economy of Bangladesh. The lockdowns in Bangladesh disrupted many business activities, including the Home Textiles industry, and affected the supply chain.
At present, Bangladesh's home textile market is witnessing strong growth due to rising consumer spending and increasing demand for renovating homes and offices. Home textile is one of the first-line export sectors in Bangladesh, also known as decorative textiles. Due to the quality and diversified range of products, the country's home textile production is rapidly increasing. Bed and bath linens are the most popular segments in home textiles in the country, and kitchen linen, curtains, upholstery, and carpets/rugs make up for the rest of the demand.
There is a rising trend towards more environmentally friendly products in the region, and thus, manufacturers are focusing their production of home textile products on natural fabrics such as soya and bamboo along with silk, polyester, and many others. The Bangladeshi home textile manufacturers are very conscious of fashion creation and design, which helps them to gain a special place in international markets. One of the country's new and trending designs in home textiles is unique motifs in this specialized sector. In order to expand the home textile industry further in the country, the government has also launched various support schemes for textile manufacturers to make them globally competitive. The schemes target technology upgradation, infrastructure development, increasing EPZ zones, export promotion, etc. These continuous collaborations and government policy support are expected to fuel the market in the upcoming years further.
Bangladesh Home Textile Market Trends
Increasing Exports of Home Textiles from Bangladesh is Driving the Market
Bangladesh is one of the world's major exporters of home textile products. The demand for home textiles is increasing, mainly because consumers in the international markets are giving importance to changing home d茅cor more frequently and looking for new and innovative products to innovate their homes and offices. The major export destinations for Bangladeshi home textiles include Europe, the US, Japan, Canada, and Australia. Bangladesh regularly exports home textile products such as terry towels, bedspreads, pillow covers, cotton table napkins, furnishing fabrics, cushion covers, bath linen, and other home furnishings. In fiscal 2021-22, the export of Bangladesh's home textiles grew by nearly 43 percent year-on-year.
Rising Demand for Bed and Bath Linen is Fueling the Market
Bed and bath linen are the most popular home textile categories in Bangladesh. Bedsheets, towels, pillows, and pillow covers are in high demand in the country compared to other categories in home textiles, and the market is witnessing strong growth. In terms of trends, increased demand for all-over digital printing technology is gaining popularity in the region. Due to the rising demand, many of the factories in Bangladesh are opening digital 'All Over Printing' sections along with conventional sections. Bangladesh is also one of the global competitors in towel production, with increasing exports. The country also predominantly produces a different type of Terry towel, essentially available in a wide range, including face towels, hand towels, assorted color bath towels, golf towels, bathrobe towels, etc.
Bangladesh Home Textile Industry Overview
The Bangladesh home textile market is competitive with the presence of a few local players. The textile companies in the region are focusing on restructuring their businesses, developing effective work processes, and investing in niche products. International manufacturers also prefer setting up manufacturing units for home textiles in Bangladesh owing to low labor costs in the country. The major players in this market include Zaber and Zuber Fabrics, Saad Musa Group, AllTex Industries Limited, Classical HomeTex, and ACS Textiles.
Bangladesh Home Textile Market Leaders
-
Zaber and Zuber Fabrics
-
Saad Musa Group
-
AllTex Industries Limited
-
Classical HomeTex
-
ACS Textiles
*Disclaimer: Major Players sorted in no particular order
Bangladesh Home Textile Market News
- April 2022: South Korean clothing, textiles, and footwear manufacturer Youngone Corporation is planning to invest up to USD 500 million at the Korean Export Processing Zone (KEPZ) in the textiles and information technology sectors in Bangladesh in the next few years, according to its chairman Kihak Sung.
- April 2022: Bangladesh's garment company DBL Group will invest in Vietnam to manufacture its branded sewing thread Eco-Thread due to rising demand from buyers, according to the group's managing director MA Jabbar. It plans to start running the Vietnam unit within two or three years. He, however, did not disclose the amount to be invested in Vietnam.
Bangladesh Home Textile Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness- Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Latest Technological Innovations and Recent Trends in the Industry
4.7 Insights on Government Regulations in the Industry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Bed Linen
5.1.2 Bath Linen
5.1.3 Kitchen Linen
5.1.4 Upholstery Covering
5.1.5 Floor Covering
5.2 By Distribution
5.2.1 Supermarkets & Hypermarkets
5.2.2 Specialty Stores
5.2.3 Online
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Zaber and Zubair Fabrics
6.2.2 Saad Musa Group
6.2.3 Alltex Industries Limited
6.2.4 Mosharraf Group
6.2.5 ACS Textile
6.2.6 Apex Weaving
6.2.7 DBL Group
6.2.8 JK Group
6.2.9 Classical HomeTex
6.2.10 G.F Textiles Ltd*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Bangladesh Home Textile Industry Segmentation
Home textiles are fabrics and clothes used specifically for furnishing a residence. The materials and design of each are defined by the functional and aesthetic uses of each. Bangladesh Home Textile Market is segmented by product (Bed Linen, Bath Linen, Kitchen Linen, Upholstery, and Floor Covering) and by distribution channel (Supermarkets & Hypermarkets, Specialty Stores, Online, and other distribution channels). The report offers market size and forecasts in value (USD billion) for all the above segments.
| By Product | |
| Bed Linen | |
| Bath Linen | |
| Kitchen Linen | |
| Upholstery Covering | |
| Floor Covering |
| By Distribution | |
| Supermarkets & Hypermarkets | |
| Specialty Stores | |
| Online |
Bangladesh Home Textile Market Research FAQs
How big is the Bangladesh Home Textile Market?
The Bangladesh Home Textile Market size is expected to reach USD 3.67 billion in 2024 and grow at a CAGR of 4.25% to reach USD 4.51 billion by 2029.
What is the current Bangladesh Home Textile Market size?
In 2024, the Bangladesh Home Textile Market size is expected to reach USD 3.67 billion.
Who are the key players in Bangladesh Home Textile Market?
Zaber and Zuber Fabrics, Saad Musa Group, AllTex Industries Limited, Classical HomeTex and ACS Textiles are the major companies operating in the Bangladesh Home Textile Market.
What years does this Bangladesh Home Textile Market cover, and what was the market size in 2023?
In 2023, the Bangladesh Home Textile Market size was estimated at USD 3.52 billion. The report covers the Bangladesh Home Textile Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bangladesh Home Textile Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bangladesh Home Textiles Industry Report
Statistics for the 2023 Bangladesh Home Textiles market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Bangladesh Home Textiles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
