The global bamboo products market is anticipated to total US$ 6.9 Bn in 2022. Growing emphasis on sustainability and plastic waste reduction across the globe is anticipated to drive the market at a healthy 6.1% CAGR, pushing the market size to US$ 12.4 Bn in 2032.
Demand for bamboos is expected to rise primarily due to rising demand from key end-use sectors such as paper & pulp, building & construction, textile, and wood. According to a new Future Market Insights (FMI) analysis,
Bamboo is a multi-purpose forest product that is important in both residential and industrial economies around the world. Due to its availability and versatility, bamboo and bamboo-based products are utilised for a wide range of interior and outdoor applications.
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Key Takeaways – Bamboos Market Study
The pulp & paper end-use industry segment in the global bamboos market is witnessing high growth, and is expected to follow the same trend over the forecast period owing to utilization of bamboo as a raw material in the production of paper & pulp.
Bamboo produces about 35% more oxygen as compared to other trees. Additionally, its biomass is an efficient and cheap fuel for power generating units. As a result of this, the power sector is focusing on bamboos as a source of fuel for power generation.
Asia Pacific (APAC) is expected to maintain its dominance in the global bamboos market throughout the forecast period in terms of volume as well as value. This can be mainly attributed to the growing construction industry in China and India, supported by surging infrastructural investments. APAC has more than half of the total bamboo species available in the world.
Thriving penetration of green building technologies is supporting the demand for bamboos due to utilization in construction of scaffolding. Moreover, there is a continuous demand for bamboo furniture, plywood, and outdoor decking in various countries.
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Who Is Winning the Bamboos Landscape?
The global bamboos market is fairly fragmented, with small- and medium-scale enterprises accounting for major market share in the global market. Some of the key market players included in the report are Moso International B.V., Bamboo Village Company Limited, and Shanghai Tenbro Bamboo Textile Co. Ltd.
New product launches and developments are some of the key strategies adopted by market players to retain their position in the global bamboos market. The companies are engaged in continuously participating in different events, conferences, tradeshows and seminars to market their newly launched products across the globe.
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).
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Bamboo Products Market By Category
Product Type:
- Lifestyle Products
- Furniture
- Home Décor Items
- Kitchenware & Cutlery
- Personal Accessories
- Yarn & Textiles
- Educational and Recreational Products
End-User:
- Personal and Residential
- Commercial
- Industrial and Infrastructure
Sales Channel:
- Online
- Offline
Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Japan
- China
- Middle East & Africa
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