Bangladesh Apparel Industry Flourishing with Stupendous Growth

RNCOS in its latest research report, “Bangladesh Apparel Industry Analysis”, says that Bangladesh represents one of the fastest growing and possesses enormous growth potential not only in the Asian continent but also in the world. Favorable government initiatives together with active participation of the private domestic players are boosting the textile and apparel industry in Bangladesh. In this note, we anticipate the industry to register an impressive 14.3% CAGR growth during FY 2011-2014.

 

The Bangladesh Government is committed towards industrial development and strengthening its manufacturing sector. This initiative of the government poses to provide the requisite platform for the rapid development of the apparel and textile industry. The development of Special Economic Zone (SEZ) and spread of textile cluster are facilitating the industry to attain the desirable growth.

 

Further, domestic demand is also picking up requisite pace with unprecedented growth in industrial (manufacturing) sector and rise in disposable income. The long-term prospects for both the domestic and export market for Bangladesh apparel and textile industry seems promising.

 

Our report, “Bangladesh Apparel Industry Analysis”, is an outcome of extensive research and conceptual analysis of Bangladesh’s burgeoning apparel industry and its sub segments. The report provides statistics/information on overall apparel demand, production by segments (knitwear, woven wear, and sweaters), and exports’ analysis. It also covers all the factors and drivers responsible towards the industry’s current and future developments. Labor, cost economics, and raw material market trends facilitate crucial market’s intelligence on manufacturing matrix and its feasibility in Bangladesh. In this way, the report suffices to present a complete and coherent analysis of the Bangladesh apparel industry, which will prove decisive for the clients.

For more information visit: http://www.rncos.com/Report/IM318.htm