E-commerce is the fastest-growing industry in Bangladesh. It is making progress at a rapid pace. On average, about 50 new companies start their-e-commerce business each day. Textiles, pharmaceutical products, electronics, shipbuilding, bicycle, lather, beverage, plastic, and cement are the main fastest-growing industrial sector in Bangladesh. The country’s recent time economy is a boom every day include the new sectors in her industries. Many countries are interested in investing here. Because they are making a new 100 economic zones where available every kind of facility for investors. Here we talking about the 10 fastest-fastest growing industrial sectors in Bangladesh.
E-commerce Industry is a booming growing sector in Bangladesh. A few years ago people cannot think about this sector because the maximum area of Bangladesh did not have available internet facilities. But now a maximum area of coverage internet facility. Everyone can order their choosable product online. A little time they are received they are a product. On average, about 50 new companies start their-e-commerce business each day. Online buy and sale is popular day by day.
The textile industry has been developing rapidly in our country since the 1990s when coming to a new democratic government. After 30 years it’s like the most fastest-growing sector for Bangladesh. Billion people work in this sector and the country earning huge money from textile industries. Europian maximum country chooses Made in Bangladesh product because they are supply best quality product. The industry growing mainly due to the labor available for less money. Bangladesh export every year from this sector $34.13 billion and the main export product is T-shirts, polo shirts, jerseys, pullovers, trousers.
Pharmaceutical Fastest-Growing Industries:
The pharmaceutical industry is the next-level fastest-growing industry in Bangladesh. At present, 257 licensed pharmaceutical companies are present in Bangladesh, among which, 150 are functional. Bangladeshi manufacturers meet 97% of the national demand for pharmaceutical products.
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Bangladesh currently manufactures more than 450 generic drugs for 5,300 registered brands as well as meets the demand of 4% of the country’s anti-cancer drugs. About 80 percent of the medicines currently manufactured in Bangladesh are generic drugs, and the remaining 20 percent are patented drugs.
Electronics Fastest-Growing Industries:
At present time the next fastest-growing sector name is Electronic sectors. Before Bangladesh, most of the products were imported from other country but now most of the electronic products produce locally. Refrigerator, LED TV, Air condition, mobile, and other many electronic devices are now successfully produced in Bangladesh. Walton is the first electronic company that produces many types of electronic products. A more popular brand is Jumona and Marcel. Bangladesh produces now high-quality electronic devices which are very quickly accepted by people. The product is not only for Bangladesh it also exports world many countries.
Shipbuilding is a growing industry in Bangladesh with great potential. Bangladesh has a long history of shipbuilding dating back to the early modern era. Every year growth Bangladesh’s economy and increase their total GDP. Here production now any type of international sea vessel. The vessel directly exports to the international market. Bangladeshi vessel quality is very good that the reason many European countries order Bangladesh for sea vessels. Bangladesh’s next export sector is the shipbuilding industry. Here many skilled people working successfully and they are giving international quality services. Bangladesh has 200 plus shipbuilding companies.
Bicycle is the largest export of the engineering sector of Bangladesh, adding around 12% of light engineering exports 0.24% to total exports. The global bicycle market size was valued at USD 54.44 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. The increase in the number of people opting for bicycling as a form of leisure is anticipated to propel the growth. Bangladesh export Bicycles in the international market year 2020 $84 million USD. The country target after the year 2021 $100 million export to the international market.
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Global Bicycle Sales Statistics
The global bicycle market was valued at $20,280.0 million in 2019 and is projected to reach $28,667.3 million by 2027, registering a CAGR of 4.8% from 2019 to 2027. Presently, individuals are becoming increasingly concerned about their fitness and the importance of leading a healthy life.
Bangladesh collection a year the huge quantity of cow leather. Day by day increasing lather type product production from here. In fiscal 2017-18, according to data from the EPB, the export of leather, leather goods, and footwear was USD 1.08 billion. In 2016-17, Bangladesh exported leather and leather goods worth $1.23 billion, compared with $1.16 billion in the previous fiscal year. Bangladesh has many lather processing industries make various types of product. For example the country export Leather Bags, leather gloves, leather belts, leather bags, and many other footwear productions Bangladesh industry. So we can talk about the industries as leather is the fastest-growing industry in Bangladesh.
Beverage Fastest-Growing Industries:
Bangladesh beverage industry’s fastest-growing imaging. Increase people’s awareness of health that the reason food industry increasing boom in this country. Best beverage company in Bangladesh-
- Transcom Beverages Ltd. (TBL)
- Square Food & Beverage Ltd. (SFBL)
- Akij Food and Beverage Ltd. (AFBL)
- Partex Beverage Ltd.
- PRAN Foods Ltd.
- ACI Foods Ltd.
- IFAD Multi Products Ltd.
- Fu-Wang Foods Ltd.
Here we show famous company but many other food and beverage company increasing their business. International many companies are working in this country successfully. Beverage industries growing amazingly because people’s income increase quickly.
Cement Fastest-Growing Industries:
Bangladesh cement industry being one of the fastest-growing cement markets in the world has seen double-digit growth over the last decade. Cement industries play a very important role in the development of a country. Thirty-two cement industries have developed in Bangladesh. Now the country’s product cement export by many countries. Cement is the fastest-growing industry subject for Bangladesh.
Top 10 Cement Companies In Bangladesh 2021
- Anwar Cement Sheet Ltd.
- Crown Cement.
- Holcim Cement (Bangladesh) Ltd.
- Mir Cement Limited.
- Meghna Cement Mills Ltd.
- Shah Cement Industries Limited.
- Premier Cement Limited.
- Tiger Cement Limited.
- S Alam cement Limited
- Robi Cement Limited
The little time we show here is very small information.
Written By Manjur Alam Blogger/Autocad Drafter and web developer.