Key Trends Shaping the RMG Industry

By

Share Abdullah Al Mamun, Business Area Manager, M&S Bangladesh

The global ready-made garments (RMG) industry is undergoing significant growth and transformation. In 2024, the market was valued at approximately USD 1,110.98 billion and is projected to reach USD 2,468.62 billion by 2034, growing at a compound annual growth rate (CAGR) of 9.3%. Another source estimates the 2024 market size at USD 1,055 billion, with growth expected to reach USD 1,970 billion by 2032, reflecting a CAGR of 8.12%. Key Trends Shaping the RMG Industry:

In conclusion, the global RMG industry is on a strong growth trajectory, driven by trends such as sustainability efforts, corporate responsibility, and changing consumer preferences. Understanding these dynamics is essential for stakeholders aiming to thrive in the evolving RMG landscape. #

# Join Our Weekly Newsletter Simillar News