Market Forecast By Product Type (Top , Bottom, Underwear), By Application (Men, Boy) And Competitive Landscape
Product Code: ETC036292 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Men’s and Boy’s Clothing Market |
Forecast Period | 2024-2030 |
Market Size | USD 590 Million by 2030 |
CAGR | 6.1% |
Growing Sector | e-Commerce |
The Bangladesh Men’s and Boy’s Clothing market report thoroughly covers the market by product type and by application. The report provides an unbiased and detailed analysis of the on-going 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.
In 2024, the Bangladesh Men’s and Boy’s Clothing market is valued at approximately $ 365 million, with a projected compound annual growth rate (CAGR) of 6.1% over the next five years. Additionally, by 2030, the market is expected to reach around $ 590 million. The e-commerce sector holds significant position in the overall market.
The men's and boys' clothing market in Bangladesh is experiencing steady growth, driven by rising urbanization, increasing disposable incomes, and a growing middle class. The demand for both affordable and premium clothing is expanding, with a notable preference for western-style apparel, including casual wear, formal attire, and sportswear. Additionally, the rise of e-commerce platforms is helping to boost market accessibility, allowing consumers to access a broader range of local and international brands. The market is also witnessing a shift towards sustainable fashion as environmental concerns grow among consumers. Local brands dominate the market, but global brands like H&M and Zara are increasing their presence, particularly in urban centers. The market is expected to continue its growth trajectory due to the increasing trend of fashion consciousness among the youth, along with expanding retail infrastructure.
According to 6Wresearch, Bangladesh Men’s and Boy’s Clothing market size is projected to grow at a CAGR of 6.1% during 2024-2030. The growth of the men's and boys' clothing market in Bangladesh is largely driven by rising disposable incomes, increasing urbanization, and the expansion of the middle class, which is fueling demand for both affordable and premium apparel. The growth of e-commerce platforms is another key driver, making fashion more accessible across the country. The strong presence of textile manufacturing and favorable labor costs are important factors enabling Bangladesh to remain a competitive exporter, particularly in western-style clothing. Additionally, the growing youth population, which is highly fashion-conscious, contributes to the rising demand for trendy and diverse apparel. However, the Bangladesh Men’s and Boy’s Clothing industry faces challenges such as supply chain disruptions, fluctuating raw material prices, and environmental concerns. The industry's reliance on exports makes it vulnerable to changes in global demand, especially in key markets like Europe and North America. Furthermore, competition from cheaper imports and the need to meet sustainability goals are pushing local manufacturers to innovate and adopt eco-friendly practices
Growth of E-commerce - Online shopping for apparel is expanding rapidly, driven by improved internet penetration and increased smartphone usage among the youth demographic
Sustainability Focus - There is a rising demand for sustainable and eco-friendly clothing, driven by both local consumer preferences and global environmental trends
Fast Fashion Demand - The growing appetite for fast fashion among the younger population is increasing the turnover rate of apparel collections, leading to higher production volumes
Customization and Personalized Fashion - A shift towards customized clothing options is growing, especially among middle-income groups looking for unique, affordable styles
Rise in Textile Exports - Bangladesh continues to solidify its position as one of the world’s largest exporters of men's clothing, benefiting from favorable trade agreements and low manufacturing costs
E-commerce Development - Investing in online fashion platforms presents a significant opportunity as the trend towards digital shopping continues to rise, especially among younger consumers
Sustainable Apparel Manufacturing - As sustainability becomes more important globally, there is a growing demand for eco-friendly clothing. Investments in sustainable production processes and eco-conscious brands are gaining traction
Manufacturing Capacity Expansion - With Bangladesh being one of the largest exporters of garments globally, expanding manufacturing facilities, particularly in ready-made garments (RMG) for men, offers lucrative prospects
Athleisure and Casual Wear - As consumer preferences shift toward more comfortable clothing like athleisure and casual wear, investing in production or retail ventures catering to these segments is promising
Key companies in the men's and boys' clothing market in Bangladesh include leading manufacturers and exporters like Bashundhara Group, Square Group, and DBL Group, which are prominent players in the country's textile and garment industries. These companies operate large-scale garment factories and have established themselves in the global supply chain, exporting to major markets in the U.S., Europe, and beyond. Other notable names include Ha-Meem Group, Epyllion Group, and Monno Group, which focus on producing high-quality apparel for global retail brands. Additionally, companies such as Texmart Bangladesh and Ananta Group are key players in the domestic market, providing both ready-made garments and custom solutions for local and international clients. Additionally, some of these players hold majority of the Bangladesh Men’s and Boy’s Clothing market share. Moreover, the country's textile infrastructure, supported by these companies, is recognized for its low labor costs, efficiency, and competitive edge in apparel manufacturing
The government of Bangladesh plays a significant role in regulating the men’s and boys' clothing market, particularly in the textile and garment sectors, through various policies that aim to support industry growth while ensuring sustainability and fair labor practices. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is a key body involved in advocating for the interests of apparel manufacturers and ensuring compliance with both local and international labor and environmental standards.
The government has implemented the Labor Law of 2006, which sets guidelines for working conditions, wages, and workers' rights in the garment industry. Additionally, export incentives are provided to apparel manufacturers under the National Export Policy, which includes tax rebates and duty drawbacks for the export of textiles and garments. Further, these initiatives have further boosted the Bangladesh Men’s and Boy’s Clothing market revenues. Furthermore, Bangladesh has increasingly focused on sustainability regulations, urging manufacturers to adopt eco-friendly practices through compliance with international standards like the Global Organic Textile Standard (GOTS) and OEKO-TEX certification. The government also enforces the Environmental Conservation Rules to ensure that garment factories implement effective waste management practices.
The future of the men's and boys' clothing market in Bangladesh looks promising, driven by continued growth in both domestic and international demand. With the expansion of e-commerce, Bangladesh’s apparel industry is expected to see greater global reach, especially as younger consumers embrace online shopping. The country’s competitive manufacturing base, low labor costs, and established textile infrastructure will continue to make it a leading player in the global garment export market. However, challenges such as ensuring sustainability, meeting international quality standards, and addressing labor concerns will require ongoing focus. As sustainability trends take hold, there will be increasing investments in eco-friendly manufacturing and the adoption of innovative textile technologies. The rise in casual wear and athleisure, coupled with customization trends, will further diversify the market.
According to Ravi Bhandari, Research Head, 6Wresearch, shirts and t-shirts are among the fastest-growing categories in the men's and boys' clothing market in Bangladesh, driven by increasing consumer demand for casual and comfortable wear. The shift towards more casual dressing, especially in urban areas, is contributing to the surge in T-shirt sales, with designs ranging from basic to more fashion-forward styles. The affordability and versatility of shirts and T-shirts, combined with the influence of global fashion trends, have made them essential items in the daily wardrobe of young consumers. Additionally, the rise of e-commerce has made it easier for consumers to access a wide variety of shirts and T-shirts, further boosting their popularity.
The growth of men's applications in the clothing market is being largely driven by shifts in lifestyle and fashion preferences, especially as younger generations seek versatile and affordable styles. With an increasing emphasis on casual and comfortable attire, men's clothing categories like T-shirts, shirts, and casual trousers are experiencing strong demand. The rise of athleisure, influenced by global fitness trends, further contributes to this growth. Moreover, e-commerce platforms are facilitating easy access to a wide range of apparel options, supporting the broader adoption of trendy yet comfortable men's clothing. The increasing interest in custom-made and personalized clothing also plays a role in expanding men's fashion choices.
The Bangladesh Men’s and Boy’s Clothing market report provides a detailed analysis of the following market segments -
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Men's and Boy's Clothing Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Men's and Boy's Clothing Market Revenues & Volume, 2020 & 2030F |
3.3 Bangladesh Men's and Boy's Clothing Market - Industry Life Cycle |
3.4 Bangladesh Men's and Boy's Clothing Market - Porter's Five Forces |
3.5 Bangladesh Men's and Boy's Clothing Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Bangladesh Men's and Boy's Clothing Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Bangladesh Men's and Boy's Clothing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Men's and Boy's Clothing Market Trends |
6 Bangladesh Men's and Boy's Clothing Market, By Types |
6.1 Bangladesh Men's and Boy's Clothing Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Men's and Boy's Clothing Market Revenues & Volume, By Product Type, 2020 - 2030F |
6.1.3 Bangladesh Men's and Boy's Clothing Market Revenues & Volume, By Top , 2020 - 2030F |
6.1.4 Bangladesh Men's and Boy's Clothing Market Revenues & Volume, By Bottom, 2020 - 2030F |
6.1.5 Bangladesh Men's and Boy's Clothing Market Revenues & Volume, By Underwear, 2020 - 2030F |
6.2 Bangladesh Men's and Boy's Clothing Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Men's and Boy's Clothing Market Revenues & Volume, By Men, 2020 - 2030F |
6.2.3 Bangladesh Men's and Boy's Clothing Market Revenues & Volume, By Boy, 2020 - 2030F |
7 Bangladesh Men's and Boy's Clothing Market Import-Export Trade Statistics |
7.1 Bangladesh Men's and Boy's Clothing Market Export to Major Countries |
7.2 Bangladesh Men's and Boy's Clothing Market Imports from Major Countries |
8 Bangladesh Men's and Boy's Clothing Market Key Performance Indicators |
9 Bangladesh Men's and Boy's Clothing Market - Opportunity Assessment |
9.1 Bangladesh Men's and Boy's Clothing Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Bangladesh Men's and Boy's Clothing Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Bangladesh Men's and Boy's Clothing Market - Competitive Landscape |
10.1 Bangladesh Men's and Boy's Clothing Market Revenue Share, By Companies, 2023 |
10.2 Bangladesh Men's and Boy's Clothing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |