10 Profitable Textile Businesses in Bangladesh
10 Profitable Textile Businesses in Bangladesh
If you’re searching for the profitable textile businesses in Bangladesh then you’ll get the most profitable 10 textile business ideas here. Although there are many aspiring entrepreneurs having knowledge and experience in the garment and clothing industry, they are looking for trending and profitable apparel business ideas in setting up their own venture.
It has seen remarkable changes in the past few years in the Global Textile Industry, predominantly the Apparel Industry.
Whether it is men’s clothing, women’s clothing, kids wear or infant wear, the clothing wholesale supply is increasing worldwide in all the sectors of the industry.
Due to the very-low-cost production, Bangladesh continues expanding its Textile Garment Industry. That’s why; we can say that sectors like Industrial Clothing and Sports Wear will experience growth with the increasing demand for performance apparel. And fashion clothing will see an upward trend as well.
What are the Top 10 Profitable Textile Businesses in Bangladesh?
Although there are so many profitable textile businesses in Bangladesh, textile business is a highly competitive market with many players catering to the same requirement.
Also, it creates dramatic pressure on margins being an unorganized sector. But, when you’re looking for the best business ideas in the textile industry then Bangladesh is the right choice.
Because of this, Bangladesh is the world’s third largest producer of textiles and garments after India. In addition to these, the growth pattern of the Bangladesh textile industry in the last decade has been considerably more than the previous decades.
Now, let’s know about the top 10 profitable textile businesses in Bangladesh.
1. Alteration Service
If you have sewing skill and a creative craft mind then alteration service business opportunity is for you. Any individual can initiate alteration service business exactly from his/her home location with a low startup capital investment. Also, you can continue the business as a part-time job.
While helping others to get perfect outfits, you will be making handsome money. But, the skills are the primary criteria for starting alteration business. Along with skill about the sewing, measurement, various buttons, zip etc, you have to have adequate knowledge.
Although you may not need any academic qualifications to start, having experience of attending sewing classes is a big plus. As you’ll need to be able to work quickly and accurately, good communication skill is required in dealing with customers.
2. Belt Buckles Making
Displaying the company or team name, there is also a demand for leather belt industry, many sports team and professions often create their own personalized belt buckles. As there is also a demand for leather belt industry, you can initiate belt buckles making business.
Also, it needs having some simple machines with moderate capital investment. As a part-time or full-time basis, belt buckles making business can be initiated from home location.
When it comes personalized belt buckles making the ideas are really endless. There are not only huge scopes to experiment with color, shape, and size but you also can make a belt buckle according to the existing design.
Or, you may suggest your client some new designs with different shape and colors for variation.
3. Boutique Store
One of the most innovative and trending profitable textile businesses in Bangladesh is the boutique store. An individual can initiate this business with a fair amount of idea about the current trend of lifestyle fashions.
But, in this case, you should need a strong and reliable supply source for the items. You can start this business with moderate capital investment with strategic planning and retail expertise.
Although most of the boutique owners sell their own design, you can also accommodate some of the popular brands with your clothing line. The boutique is small retail having less variety of items while comparing to a retail store. And if you’re a professional designer then opening a boutique shop is a wonderful opportunity for you.
4. Children Designer Clothing
Any individual can initiate children designer clothing business on a small-scale basis while having a creative mind with fashion sense and sewing skill. You have options and you can either establish your own brand or you can produce the garment for other brands.
5. Costume Rental
It can be initiated on a small-scale basis as a costume rental business is a self-rewarding profitable business. This business not only can be started from home location and can be operated on a part-time basis also.
Theater groups and the people engaged in stage performances are the main consumers of clothing rental business. The next all the revenues from that particular item are almost all profit when the cost of the product has paid for five to six rentals.
6. Crochet Knitting
Those who are passionate crochet knitters crochet knitting business opportunity are ideal for them. And when he or she has any other knitting business already, one can consider starting this business. Someone can start this business from a home location with low capital investment as aspiring crochet knitter having a creative mind.
7. Custom Buttons Making
As a home-based with low startup capital investment, custom button making business can be initiated. Those who are crafty mind they can initiate this business as part time also.
While it’s made of colorful clothes, colors, modern art, custom buttons have a huge demand in the apparel industry.
8. Designer Blouse Making
As a blouse is an essential readymade garment for women, generally, this apparel was popular in the Asia Pacific region in the ancient time. Also, this is women’s wear that they use daily basis.
The designer blouse is increasingly popular globally with the changing fashion style. So, it’s one of the best profitable textile businesses in Bangladesh.
9. Designer Sari Making
It’s ethnic wear and it can be initiated at home. Since saris are no more daily wear for urban women, they use ‘Designer Saris occasionally.
And not only in Bangladesh but designer saris are popular across the world. Aside from these, designer sari making is a renowned and profitable cottage industry in Bangladesh.
And you can also sell your designer saris from your own online store and from fairs Other than supplying boutique owners or retailers.
10. Dry Cleaning Service
While only rendering the service to the clients while outsourcing the dry cleaning job you can start dry cleaning service. And proper planning and substantial capital investment, you can establish your own cleaning unit. Apart from these, there are many different ways if you want to start a dry cleaning business.