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Apparel/Garments

Expedite MMF apparel production in Bangladesh to boost exports: Study

07 Apr '24
1 min read
Expedite MMF apparel production in Bangladesh to boost exports: Study
Pic: Adobe Stock

Insights

  • Bangladesh should expedite garment production from man-made fibre (MMF) as global exports of such apparel is estimated to rise from 50 per cent in 2022 to 60 per cent in 2030, a recent study by PwC revealed.
  • Global export of garments will rise from $953 billion in 2022 to $1,121 billion by 2030, it forecast.
  • Trade body BGMEA commissioned the study.
Bangladesh should expedite garment production from man-made fibre (MMF) as global exports of such apparel is estimated to rise from 50 per cent in 2022 to 60 per cent in 2030, a recent study by PwC revealed.

Global export of garments will rise from $953 billion in 2022 to $1,121 billion by 2030, the study projected.

PwC shared the findings of the study at a press conference held at the office of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

The study was commissioned by BGMEA as Bangladesh aims to export apparel worth $100 billion by 2030.

ALCHEMPro News Desk (DS)
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