Bamboo demand is anticipated to increase mostly as a result of increased demand from important end-use industries such paper & pulp, building & construction, textile, and wood. A recent Future Market Insights (FMI) report predicts that the global market for bamboo products will increase at a high double-digit CAGR from 2022 to 2029 and reach a value of US$ 12 billion in that year.
A versatile forest product, bamboo plays a significant role in both domestic and industrial economies all over the world. Bamboo and bamboo-based products are used for a variety of indoor and outdoor applications due to their availability and versatility.
Key Takeaways – Bamboos Market Study
Due to the usage of bamboo as a raw material in the production of paper and pulp, the pulp & paper end-use industry segment is seeing rapid expansion and is anticipated to maintain this trend over the projection period.
Compared to other trees, bamboo produces roughly 35% more oxygen. Additionally, its biomass serves as an effective and affordable fuel for power plants. Because of this, the power industry is concentrating on using bamboo as a fuel source.
Throughout the forecast period, Asia Pacific (APAC) is anticipated to continue to dominate the worldwide bamboos market in both volume and value terms. This is mostly due to the expanding building sectors in China and India, which are backed by soaring infrastructure spending. More over half of the world’s bamboo species are found in APAC.
Growing use of green building techniques is boosting demand for bamboos because of their use in scaffolding. Furthermore, plywood, outdoor decking, and furniture made of bamboo are always in demand worldwide.
Who Is Winning the Bamboos Landscape?
Small and medium-sized businesses make for a sizable portion of the worldwide bamboo market, which is fairly fragmented. Moso International B.V., Bamboo Village Company Limited, and Shanghai Tenbro Bamboo Textile Co. Ltd. are a few of the major market participants included in the study.
A few of the key strategies used by industry players to maintain their position in the global bamboos market include new product launches and developments. To promote their recently launched products around the world, the corporations are constantly taking part in various conferences, tradeshows, events, and seminars.
Bamboos Market – Regional Analysis
High growth in construction, pulp & paper, and furniture industries is expected to be a key driving factor for bamboos market growth. China is a large exporter of processed bamboo products such as bamboo plaiting, bamboo shoots, bamboo panels, wood charcoal of bamboo, etc., whereas countries such as the U.S., Canada, and other European countries where very small bamboo resources are available import bamboo products requirement from other bamboo-rich countries.
Know More About What the Report Covers
FMI, in its new research report offers an unbiased analysis of the global bamboos market, presenting historical demand data (2014-2021) and forecast statistics for the period 2022-2029. The study reveals insights on the bamboos market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the bamboos market value chain.
Readers can also find key trends and market growth scenarios based on end-use industry and regions such as North America, Latin America, APAC, and Europe and Middle East & Africa (EMEA).
Bamboo Products Market By Category
- Lifestyle Products
- Home Décor Items
- Kitchenware & Cutlery
- Personal Accessories
- Yarn & Textiles
- Building and Construction Products
- Bamboo Structures
- Partition Boards
- Prefabricated Houses
- Packaging and Storage Products
- Educational and Recreational Products
- Personal and Residential
- Industrial and Infrastructure
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Middle East & Africa