Analysis of Bangladesh Elastic Band Industry

As an important center of global textile manufacturing, Bangladesh occupies a pivotal position in the field of textile and accessories production. With abundant labor resources, a complete supply chain system and government support policies, Bangladesh has become the world's second largest exporter of ready-made garments. The demand for accessories such as elastic bands in large-scale clothing production is extremely strong.

In addition, Bangladesh's relatively low manufacturing costs have attracted many international brands and suppliers to set up factories or purchase, making it an important country for the production and export of elastic bands in the world.

Current Status of the Elastic Band Industry in Bangladesh

1. Industry Overview and Development Status

As an important base for the global textile and garment manufacturing industry, Bangladesh's elastic band industry has also developed rapidly in recent years. Elastic bands are widely used in clothing, underwear, shoes and hats, luggage and other fields. With the vigorous development of Bangladesh's clothing industry, the demand for elastic bands has also increased significantly.

Currently, the elastic band industry in Bangladesh shows the following trends:

• Strong market demand: Bangladesh is the world's second largest clothing exporter, and the demand for clothing accessories such as elastic bands continues to grow.

• Enhanced local manufacturing capabilities: In the past, Bangladesh's elastic bands relied on imports, but now local manufacturers are gradually emerging to meet domestic and foreign market demand.

• Industry upgrading and technological improvement: Manufacturers have begun to adopt advanced automated production equipment to improve production efficiency and reduce costs.

2. Major elastic band manufacturers and industry scale

Bangladesh's elastic band manufacturing industry is mainly composed of small and medium-sized enterprises, and some large enterprises also provide high-quality products to meet international market demand. The following are several representative elastic band manufacturers:

• Shenzhen Elastic Ltd. (Shenzhen Elastic Products Bangladesh Branch)-focuses on high-end elastic band production and provides export orders.

• Noman Elastic & Accessories Ltd.——A well-known local elastic band manufacturer, its products are supplied to domestic and foreign markets.

• Dhaka Elastic Industries——Headquartered in Dhaka, it mainly produces elastic bands for clothing and luggage.

• Chittagong Elastic Textiles Ltd.——Major elastic band manufacturer in Chittagong, its products are exported to Europe and the United States.

Industry scale: At present, the annual output value of Bangladesh's elastic band industry has reached hundreds of millions of US dollars, and it maintains an annual growth of about 10%-15%. With the localization of the supply chain, the market size is expected to expand further in the future.

3. Main production areas

Bangladesh's elastic band manufacturing is mainly concentrated in the following areas:

• Dhaka: As the economic center of Bangladesh, it has the largest number of elastic band manufacturers and is also the core area of ​​the textile and garment industry.

• Chittagong: The largest port city in Bangladesh, it is convenient for the import of raw materials and the export of finished products. Many export-oriented elastic band manufacturers have set up factories here.

• Gazipur: There are a large number of clothing and accessories manufacturers in the region, and the elastic band industry is also developing rapidly.

4. Analysis of Bangladesh’s labor advantages and manufacturing costs

Bangladesh’s manufacturing competitiveness mainly comes from its low labor costs and a complete clothing industry chain.

Labor advantages:

• Bangladesh has a large young labor force, and the wages of textile workers are about US$70-120/month, which is much lower than that of China, Vietnam and other countries.

• The sufficient labor supply and the fact that a large number of workers have experience in the textile industry help improve production efficiency.

Manufacturing cost analysis:

• Raw material costs: Some raw materials (such as highly elastic fibers) still rely on imports, but with the development of localized supply chains, costs are gradually decreasing.

• Production costs: Low labor costs, coupled with the government’s tax incentives, make the production cost of elastic bands in Bangladesh more competitive than that of neighboring countries.

• Export advantages: Bangladesh enjoys the EU GSP+ and the US LDC (least developed country) tariff incentives, and the cost of elastic bands exported to the European and American markets is lower.

5. Conclusion and development prospects

Relying on a strong clothing industry chain and low-cost advantages, the elastic band industry in Bangladesh has developed rapidly in recent years. In the future, with the upgrading of technology, the popularization of automated production and the advancement of supply chain localization, the elastic band industry in Bangladesh is expected to occupy a larger share of the global market. For international buyers, Bangladesh is a worthy elastic band supplier.

Industry Outlook Forecast:

• The industry growth rate is expected to reach 10%-15% in the next five years, and the market share will continue to expand.

• The proportion of automated production will increase, product quality will be improved, and more international orders will be attracted.

• The local raw material supply chain will be optimized, production costs will be reduced, and international competitiveness will be enhanced.

The Bangladesh elastic band industry is becoming an important source of supply for the global market. With the development of the industry, it may become an emerging center for elastic band manufacturing in Asia in the future.

Analysis on the Main Export Markets and Advantages of Bangladesh Elastic Bands

Main export markets

Bangladesh's elastic band industry has achieved significant growth in the international market in recent years, and the main export countries and regions include:

✅ European and American markets (the United States, Germany, the United Kingdom, France, etc.)

The demand for elastic bands in the European and American markets mainly comes from industries such as clothing, medical equipment, and sports equipment. Bangladesh has successfully entered these high-end markets with its mature textile industry supply chain.

✅ Asian market (India, China, Japan, Vietnam, etc.)

The textile and clothing manufacturing industries in Asia are well developed, and there is a large demand for elastic bands. Bangladesh's elastic bands have gradually increased their market share in Asia due to their stable supply chain and competitive prices.

✅ Middle East and African markets

Middle East and African countries have a strong demand for economic elastic bands. Bangladeshi companies have gained a certain share in these emerging markets by relying on price advantages and flexible production capabilities.

Reasons why Bangladesh elastic bands are popular in the international market

🔹 Price advantage

Bangladesh's manufacturing costs are relatively low, and its labor costs are much lower than those in Europe, America and some Asian countries, which makes its elastic band prices very competitive. In addition, the government provides tax incentives and subsidies to export companies, further reducing costs.

🔹 Stable quality

Despite the price advantage, Bangladeshi manufacturers still attach importance to product quality, and many companies use advanced weaving and dyeing technologies to ensure that the elasticity, durability and environmental protection standards of elastic bands meet international requirements.

🔹 Mature supply chain

Bangladesh is an important textile and clothing manufacturing center in the world with a complete industrial chain. From raw material procurement, production to export, companies can collaborate efficiently to ensure the timely delivery of large-volume orders and reduce the risks brought by unstable supply chains.

🔹 Order flexibility

Bangladesh elastic band companies can meet the needs of different customers, whether it is small-batch customization or large-scale production, they can provide efficient services, especially suitable for the diverse needs of the European, American and Asian markets.

Bangladesh Elastic Band Manufacturing Process and Materials

1. Common elastic band materials

The performance and application scope of elastic bands mainly depend on their material composition. Common materials include:

(1) Nylon

• High strength and good wear resistance

• Soft touch, suitable for high-end clothing and medical elastic bands

• Strong weather resistance, not easily affected by moisture

(2) Polyester

• Moderately priced, widely used in sportswear, shoes and hats, and industrial elastic bands

• Good wrinkle resistance and chemical resistance

• A wider range of color options are available

(3) Natural Rubber

• Gives elastic bands excellent elasticity and resilience

• Mainly used for products with high elasticity requirements, such as underwear, sports equipment, etc.

• Requires special coating treatment to enhance durability

(4) Spandex (Spandex / Lycra)

• Highly elastic, suitable for underwear, medical elastic bands, etc.

• Mixed with nylon or polyester to improve comfort

• High elongation and strong resilience

The combination of different materials can optimize the function of elastic bands to meet specific industry needs.

2. Overview of the production process

Elastic band manufacturing companies in Bangladesh use advanced machinery and equipment and refined management to ensure that their products have high elasticity and durability. The production process mainly includes:

(1) Weaving / Knitting

Elastic bands can be woven in three ways: woven, knitted and braided.

• Woven elastic bands: compact structure, suitable for high-intensity use scenarios

• Knitted elastic bands: strong elasticity, soft touch, suitable for clothing and personal care products

• Woven elastic bands: good wear resistance, mostly used in industry or luggage

(2) Dyeing

• Environmentally friendly dyes (such as azo-free dyes) are used to meet international environmental standards

• High-temperature color fixing process ensures high color fastness and is not easy to fade

• Automated dyeing equipment is used to improve consistency and reduce color difference

(3) Finishing & Heat Setting

• High-temperature steam setting is used to improve the stability of the elastic band

• Anti-shrinkage and anti-curling treatments enhance durability

• Softening treatment improves wearing comfort

(4) Inspection & Slitting Cutting)

• Use laser measuring instruments to test size and elasticity

• Automatic cutting equipment ensures accurate size and neat edges

• Quality inspectors perform tensile tests and durability tests on each batch of products

Challenges and Opportunities of Elastic Band Industry in Bangladesh

Supply chain issues: raw material supply and global logistics impact

Bangladesh's elastic band industry relies on imported raw materials, such as synthetic rubber and polyester fibers, mainly from China, India and Southeast Asian countries. However, the instability of the global supply chain in recent years has brought many challenges to the industry. Factors such as the epidemic, international trade frictions, and rising shipping costs have led to a shortage of raw material supply, which directly pushed up production costs. In addition, global logistics pressure has increased, and freight delays have affected the company's production cycle and customer delivery time.

Faced with this challenge, Bangladesh elastic band companies are adopting a variety of strategies to alleviate supply chain problems, such as:

• Strengthen localized production and seek domestic alternative raw materials.

• Ensure the stability of raw material supply through long-term contracts.

• Adopt flexible procurement strategies and expand supplier channels.

Environmental protection requirements and sustainable development trends

Global environmental regulations are becoming increasingly stringent, and consumers are also increasing their demand for environmentally friendly products. Elastic band manufacturers in Bangladesh are under pressure to transform to sustainable development. Traditional elastic band materials are mostly made of synthetic fibers, which are not easy to degrade and cause environmental pollution. Therefore, the research and development and promotion of environmentally friendly materials have become an important direction for the development of the industry.

At present, some leading companies in Bangladesh are trying the following environmental protection measures:

• Development of degradable elastic bands, such as bio-based rubber and organic cotton fibers.

• Promote recycling and reuse technology to reduce production waste.

• Use low-carbon production processes to reduce energy consumption and carbon emissions.

These environmental protection measures not only help companies adapt to global trends, but also enhance their brand image and gain an advantage in international market competition.

Government policies and support measures

The Bangladeshi government actively supports the development of textile and related supporting industries and has introduced a series of favorable policies to promote the growth of the elastic band industry. The main measures include:

• Export preferential policies: The government provides export subsidies to reduce the tax burden of production enterprises and encourage enterprises to expand into the international market.

• Tariff policy: Low tariffs or duty-free policies are implemented for imported raw materials to reduce production costs.

• Industry support: The government has established an industrial fund to provide enterprises with low-interest loans to support technological innovation and production equipment upgrades.

In addition, the Bangladeshi government is also promoting trade facilitation, strengthening cooperation with major trading partners, and simplifying export processes to improve the global competitiveness of the industry.

Future Trends and Industry Outlook

How technological progress affects elastic band production

With the continuous advancement of science and technology, elastic band production is moving towards automation and intelligence. The upgrade of modern textile machinery has enabled the widespread use of automated production lines in the elastic band manufacturing process, shifting from traditional manual operation to digital and intelligent control, improving production efficiency and product consistency. For example:

• Automated production: The introduction of automated equipment reduces labor costs and improves production efficiency, while reducing human errors and ensuring the stability of product quality.

• Smart weaving technology: Artificial intelligence (AI) and the Internet of Things (IoT) are driving the development of smart weaving. The machine can monitor key parameters such as tension and density in the production process in real time, optimize the production process, and improve product consistency.

• 3D weaving technology: In the future, 3D weaving may play a role in elastic band manufacturing, making it more ergonomic while enhancing elasticity and durability.

Market prospects of green textiles and environmentally friendly elastics

With the increase of global environmental awareness, the application of green textiles and sustainable materials has become an important development direction of the elastic industry. The market prospects of environmentally friendly elastics are broad, mainly reflected in the following aspects:

• Application of degradable materials: At present, many elastic manufacturers have begun to use environmentally friendly materials such as organic cotton, bamboo fiber, and degradable polyester (PLA) to reduce the impact on the environment.

• Non-toxic dyes and environmentally friendly production processes: The traditional textile dyeing process may cause water pollution, while the use of non-toxic dyes and environmentally friendly dyeing processes can reduce pollutant emissions and comply with global environmental regulations.

• Circular economy and recycling and reuse: Some companies are developing recyclable and reusable elastic materials to reduce waste generation and promote a circular economy model.

In the future, consumer demand for environmentally friendly products will continue to grow, and brand owners are more inclined to choose suppliers that meet environmental standards. Therefore, environmentally friendly elastics will become an important trend in the development of the industry.

Bangladesh's competitiveness in the global elastic band market

Bangladesh is an important textile production base in the world. Its competitiveness in the elastic band market mainly comes from the following aspects:

• Cost advantage: Bangladesh's relatively low labor costs enable local textile companies to provide elastic band products at a lower price, attracting a large number of overseas orders.

• Complete textile supply chain: As the world's second largest textile exporter, Bangladesh has a complete textile industry chain, from raw material procurement, weaving, dyeing and finishing to final product production, with significant supply chain advantages.

• Policy support: The Bangladeshi government encourages the development of the textile industry, provides tax incentives, infrastructure construction support, and measures to attract foreign investment, making the country's elastic band industry more competitive.

• Technology upgrade and sustainable development: In recent years, Bangladesh's textile companies have begun to introduce automated equipment to improve production efficiency and gradually transform to environmentally friendly manufacturing to meet the needs of global customers for sustainable products.

Conclusion

Buyer's Advice: How to Choose a Quality Bangladeshi Elastic Band Supplier

When choosing a Bangladeshi elastic band supplier, buyers should pay attention to the following points:

• Quality certification: give priority to factories that have passed OEKO-TEX, ISO 9001 and other certifications to ensure that the products meet international standards.

• Production capacity and delivery time: examine the supplier's monthly output and delivery on time rate to ensure stable supply.

• Source of raw materials: understand the supplier's raw material procurement channels and choose manufacturers that use high-elasticity, durable and environmentally friendly materials.

• Customization capabilities: If there are special requirements, such as printing LOGO, specific colors or specifications, it is necessary to confirm whether the supplier has the corresponding customized production capabilities.

• Customer reputation and cooperation cases: check whether the supplier has cooperated with international brands such as Europe, the United States, and Southeast Asia, and refer to buyer evaluations to reduce cooperation risks.

Future development direction of Bangladesh's elastic band industry

As the global textile industry develops towards environmental protection and sustainability, the Bangladesh elastic band industry is also accelerating its transformation. In the future, the main development trends include:

• Sustainable development: More and more manufacturers are beginning to use environmentally friendly materials such as recyclable polyester fibers and natural rubber to cater to the global green procurement trend.

• Technological innovation: New weaving processes and functional elastic bands such as high elasticity, antibacterial and waterproof will become market hotspots.

• Global market expansion: Bangladeshi suppliers will further explore the European and American markets, strengthen cooperation with international brands, and improve global competitiveness.

• Intelligent production: With the advancement of Industry 4.0, Bangladeshi factories have gradually introduced automated equipment and digital management systems to improve production efficiency and product consistency.

Facing the opportunities and challenges of the global market, the Bangladesh elastic band industry is constantly upgrading to provide buyers with more competitive products and services.

If you are looking for a high-quality, cost-effective elastic band supplier, you might as well consider Bangladesh manufacturing to make your purchase more advantageous!

To know more about Elastic Band manufacturers, please click Top 10 Elastic Band Manufacturers and Suppliers 2025