Bangladesh could capture 12 percent of the projected $375 billion global man-made fiber, or MMF, apparel market by 2030 if policy reforms, increased domestic and foreign investment, and stronger industrial capacity are ensured, according to a Bangladesh Foreign Trade Institute study. The report says such a shift could reduce the garment sector's dependence on cotton, diversify exports, and strengthen Bangladesh's position in the global apparel market.

The study says the global apparel industry is rapidly moving from cotton-based products toward synthetic and blended-fiber garments, creating an opportunity for Bangladesh to diversify its export products and improve international competitiveness. Although Bangladesh is described as the world's second-largest apparel exporter, its exports remain mainly dependent on cotton-based goods. The report identifies MMF expansion as an economic necessity for maintaining competitiveness in the post-LDC trade environment.

The roadmap recommends rationalising tariffs on MMF raw materials, speeding foreign direct investment approvals, expanding domestic polyester staple fiber and synthetic yarn production, improving access to finance, and developing skilled workers. It also calls for expanded bonded warehouse facilities, specialised loan programmes, technology transfer incentives, and increased production of higher-value activewear, sportswear, and technical textiles.