Market Overview
• Strong demand: Bangladesh is an important country along the "Belt and Road" initiative and the "Bangladesh-China-India-Myanmar Economic Corridor". Its livelihood industry is in its infancy, and there is a strong demand for various light industrial manufacturing equipment such as screen printing machines, pad printing machines, and hot stamping machines.
• Driven by the clothing industry: The clothing industry is a pillar industry in Bangladesh. The development of the clothing industry has led to huge demand for textile printing equipment and related screen printing machines.
• Market size growth: Bangladesh imported printing equipment worth US$136.62 million. The current market size of its paper printing industry is US$381.29 million, and the paper market size is about US$474.76 million with a growth rate of more than 5%, which provides broad space for equipment such as screen printing machines.
• Exhibition support: For example, the Bangladesh International Advertising and Digital Printing Exhibition held in October 2024 provides a platform for the display and exchange of equipment such as screen printing machines, pad printing machines, and hot stamping machines, and promotes the development of the market.
Development prospects
• Driven by economic growth: In the past 10 years, Bangladesh's economy has continued to grow steadily, with the average annual growth rate of GDP maintaining above 6%. With the further development of the economy, the demand for printing and packaging in various industries will continue to increase, thereby promoting the market demand for equipment such as screen printing machines.
• Demand for technology upgrades: At present, there are some small workshop-style printing factories in Bangladesh. With the development of the market, the demand for more advanced, efficient, and environmentally friendly screen printing machines, pad printing machines, hot stamping machines and other equipment will increase to improve production efficiency and product quality.
• Demographic dividend advantage: Bangladesh's population ranks eighth in the world. The huge population base provides sufficient labor for the development of its manufacturing industry, which is conducive to the transfer of related industries, thereby driving the market development of equipment such as screen printing machines.
• Industrial diversification trend: In addition to the clothing industry, Bangladesh's advertising, packaging, electronics and other industries are also gradually developing. These industries have a wide range of applications for screen printing machines, pad printing machines, hot stamping machines and other equipment, which will bring new growth points to its market.
