Bangladesh’s share in the global market for manmade fibers is five per cent. The aim is to make that 12 per cent by 2030.

About 72 per cent of Bangladesh’s garment exports are cotton-based and just 24 per cent are manmade fibers. As China, the largest cotton apparel supplier now, has been losing its market share, Bangladesh, which now accounts for 16 per cent of all cotton apparel shipments worldwide, is poised to become the largest cotton-based garments exporter. During 2010 to 2021 the share of manmade fiber garment exports from Bangladesh increased to 24 per cent from 18 per cent of the country's apparel exports.

Global manmade fiber apparel exports grew by four per cent while that of cotton-based items shrank by 0.5 per cent annually between 2011 and 2019. Cotton apparel exports then fell by some 15 per cent in 2020, while manmade fiber garment shipments saw robust growth of eight per cent in 2021.Due to uncertainty in cotton production and supply, price comparability and advantages offered by these products like higher durability, water- and wrinkle-resistance, and colour retention, the global demand for manmade fiber-based apparel items has been growing though there are environmental concerns as well.