The Bangladesh home textile market is witnessing a strong growth for rising consumer spending & increasing demand from consumers for decorating their homes as well as offices. Due to quality diversified range of products, the production of home textile products are rapidly increasing.
There is an emerging trend of using eco-friendly product & décor the living room with handcraft items. Because of this trend manufacturers like “ALLORA Bangladesh” are focusing more on using natural fiber like cotton, silk, linen, jute cotton, soya, bamboo rather synthetic fibers like polyester, nylon, olefin etc. Bangladeshi home textile manufactures are very conscious about fashion creation & trend which help them to gain special place in international market.
The market for home textile in the Asia Pacific is likely to show remarkable growth in recent times. In addition, rapid urbanization, improved standard of living coupled with increasing spending power is one of the key factors anticipated to support the revenue. The demand for home textiles increased significantly from 2020 as people stayed home due to the covid-19 pandemic. Despite this positive side Bangladesh’s share in global home-textile export market is only 7%.
Bangladesh home textile market is become competitive with the presence of local players. The sister concern of Bang Jin, ALLORA Bangladesh is prepering themselvs for export marketing as well. The Bangladeshi home textile companies are focusing on restricting their businesses, developing work processes & investing in product development. International manufacturers prefer as well setting up their manufacturing units in Bangladesh due to low labor cost and alternative & cheap raw materials
Author Info:
Srayoshee Das
Coordinator, International Market
