Market Forecast By Product (Casual, Formal, Athletic), By Application (Men, Women, Children), By Distribution Channel (Hypermarket & Supermarket, Convenience Store, Online) And Competitive Landscape
Product Code: ETC051432 | Publication Date: Jan 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Socks Market |
Forecast period | 2025-2031 |
CAGR | 6% |
Growing Sector | Textile |
The Bangladesh Socks Market Report thoroughly covers the market by product, application and distribution channel. The Bangladesh Socks Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Socks Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Socks Market is poised for significant growth over the forecast period from 2025 to 2031. This can be attributed to the increasing fashion consciousness among consumers and growing disposable income levels in the country.
According to 6Wresearch, the Bangladesh Socks Market size is projected to rise at a CAGR of 6% during 2025-2031. One of the key drivers for this growth is the increasing demand for socks in the country. With a population of over 160 million people and a rising middle-class, there is a growing trend towards comfortable and fashionable clothing, which includes socks. Another factor driving the growth of the Bangladesh socks market is the country's booming textile and garment industry. These factors are aiding in the prominent Bangladesh Socks Market growth.
Despite these positive factors, there are some challenges faced by the socks market in Bangladesh. One of the major challenges is the presence of counterfeit products in the market. These fake socks not only harm the reputation of genuine manufacturers but also pose a threat to consumer health and safety.
Some of the key players operating in the Bangladesh socks market include Delta Composite Knitting Industries Ltd., Square Fashions Ltd., Apex Footwear Limited, Beximco Group, and Anlima Textile Ltd. These players are constantly innovating and introducing new designs and styles to cater to the changing preferences of consumers.
The government initiatives aimed at promoting the textile industry in Bangladesh are also expected to contribute to the growth of the socks market. The country has been investing in modernizing its textile manufacturing infrastructure, making it more competitive in the global market. This has led to an increase in production capacity and improved quality of products, including socks. Moreover, Bangladesh is known for its low labor costs, making it a cost-effective destination for international brands looking to outsource their manufacturing.
The socks market in Bangladesh is set to witness significant growth in the coming years, driven by various factors such as increasing disposable income, changing fashion trends, and government initiatives. With an established presence of both local and global players, the market offers a diverse range of options for consumers. The future looks promising for this industry, with opportunities for further expansion and innovation.
According to Parth, Senior Research Analyst, 6Wresearch, casual socks are the most commonly worn type of socks in Bangladesh. These are versatile and can be worn with any type of footwear, making them a popular choice among people of all ages. In recent years, the demand for casual socks has increased significantly due to the rise in fashion consciousness among consumers.
Men's socks are one of the leading application segments in the Bangladesh socks market. These socks come in various styles such as dress socks, casual socks, and sports socks. The growing trend of fashion-conscious men and the increase in demand for comfortable and durable socks have contributed to the growth of this segment.
The report offers a comprehensive study of the subsequent 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 Socks Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Socks Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Socks Market - Industry Life Cycle |
3.4 Bangladesh Socks Market - Porter's Five Forces |
3.5 Bangladesh Socks Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Bangladesh Socks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Bangladesh Socks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Bangladesh Socks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Socks Market Trends |
6 Bangladesh Socks Market, By Types |
6.1 Bangladesh Socks Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Socks Market Revenues & Volume, By Product, 2021 - 2031F |
6.1.3 Bangladesh Socks Market Revenues & Volume, By Casual, 2021 - 2031F |
6.1.4 Bangladesh Socks Market Revenues & Volume, By Formal, 2021 - 2031F |
6.1.5 Bangladesh Socks Market Revenues & Volume, By Athletic, 2021 - 2031F |
6.2 Bangladesh Socks Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Socks Market Revenues & Volume, By Men, 2021 - 2031F |
6.2.3 Bangladesh Socks Market Revenues & Volume, By Women, 2021 - 2031F |
6.2.4 Bangladesh Socks Market Revenues & Volume, By Children, 2021 - 2031F |
6.3 Bangladesh Socks Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Socks Market Revenues & Volume, By Hypermarket & Supermarket, 2021 - 2031F |
6.3.3 Bangladesh Socks Market Revenues & Volume, By Convenience Store, 2021 - 2031F |
6.3.4 Bangladesh Socks Market Revenues & Volume, By Online, 2021 - 2031F |
7 Bangladesh Socks Market Import-Export Trade Statistics |
7.1 Bangladesh Socks Market Export to Major Countries |
7.2 Bangladesh Socks Market Imports from Major Countries |
8 Bangladesh Socks Market Key Performance Indicators |
9 Bangladesh Socks Market - Opportunity Assessment |
9.1 Bangladesh Socks Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Bangladesh Socks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Bangladesh Socks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Bangladesh Socks Market - Competitive Landscape |
10.1 Bangladesh Socks Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Socks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |