The eCommerce market in Bangladesh

By Shamim Ashraf 29-09-2024 1,654

The eCommerce market in Bangladesh is experiencing significant growth and is projected to continue expanding in the coming years. In 2024, the market is expected to reach a revenue of approximately US$6.80 billion, with an anticipated annual growth rate (CAGR) of 12.84% from 2024 to 2029, culminating in a projected market volume of US$12.44 billion by 2029.

In local currency terms, the eCommerce market size was about Tk 568.70 billion in 2021 and is projected to reach around Tk 1.5 trillion by 2026.

The number of eCommerce users in Bangladesh is also on the rise, with expectations to reach 75.5 million by 2025, indicating a user penetration rate of 35% in 2022.

This growth is driven by factors such as increased internet penetration, greater smartphone usage, and a rising middle class with higher disposable incomes. Major players contributing to this expansion include Daraz, AjkerDeal, Chaldal, Evaly, and Pickaboo.

Overall, the eCommerce sector in Bangladesh is poised for substantial growth, offering significant opportunities for businesses and consumers alike.

Mir Sahed Ali

Founder eCommerce Association of Bangladesh

Mir Sahed Ali is currently serving as the Managing Director of i-Mesh Ltd. Mir Sahed Ali, is the name of a successful entrepreneur and a youth leader of the ICT Industry in Bangladesh. He envolved with IT, e-Commerce, advertisement, tourism, restaurant and construction business. He started his career by establishing i-Mesh back in 2006. Since then he has been working in diversified sector with his skills, effort and dedication to create more values in his professional and social life.