Bangladesh eyes increasing polyester use for textile industry growth

Bangladesh, a powerhouse in garment manufacturing, seeks to solidify its position by embracing man-made fibers, particularly polyester. This shift is crucial as cotton reliance hinders value-added products. Globally, polyester reigns supreme, accounting for over half of all fiber production. Driven by fashion trends and consumer preferences, the polyester market is booming, reaching over $90 billion in 2020 and projected for further growth.

However, Bangladesh lags behind. While a global leader in apparel, only 26 per cent of its mills utilize man-made fibers compared to the global average of 78 per cent. To bridge this gap, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) look to increase polyester-based apparel exports to 40 per cent by 2030.

Polyester derivatives make up 74 per cent of global apparel sales, a $750 billion market. Research suggests Bangladesh could reach $95 billion in garment exports by 2030 if it embraces this shift. However, Bangladesh relies heavily on imported polyester staple fiber (PSF) and lacks expertise, skilled labor, and technology for domestic 100 per cent polyester production. High energy costs and global competition further complicate matters. Bangladesh's dye houses are equipped to handle polyester derivatives. Overcoming these hurdles through strategic planning, technological advancements, and sustainable practices is crucial for Bangladesh to embrace polyester and secure its future in the textile industry.