USA Bamboo Packaging Market is expected to create a growth opportunity of US$ 71.1 Million during 2022 to 2032

Bamboo Packaging Market
Bamboo Packaging Market

 

The market for bamboo packaging is anticipated to reach a valuation of US$ 480.3 million in 2022 and grow at a CAGR of 6.4% to US$ 895.1 million by 2032. Given that the top 5 suppliers accounted for 25–30% of revenue in 2021, it is projected that sales of bamboo packaging will grow rapidly.

By the end of 2032, the cups and straws category is anticipated to account for about 24% of the market value. This is because more food service companies are requesting cups and straws, and more packaging options are being used.

Hence, manufacturers are using this packaging for a plethora of products such as cups & straws, bottles & jars, boxes & cartons. Further, as the demand is shifting from single-use plastic to sustainable packaging, the adoption of bamboo packaging is predicted to surge.

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Moreover, growing environmental concerns have helped the bamboo packaging market as governments of various countries such as India, China, the U.S., and others have initiated to promote the bamboo packaging. For instance, the National Bamboo Mission by the Government of India was announced to curb the use of plastic and reduce carbon footprints.

Bamboo packaging is used in various industries as it has various benefits due to its anti-bacterial packaging. In addition, bamboo packaging also makes the products look more aesthetic. Hence, numerous end users in food & beverage and cosmetics & personal care industries are increasing the adoption of bamboo packaging.

Key Takeaways from Bamboo Packaging Market

  • The cups & straws segment is estimated to hold around 21% of the market share by the end of 2022.
  • Based on end use, the food & beverages industry is projected to expand 1.8x the current market sales during the forecast period.
  • India is expected to lead the growth in South Asia bamboo packaging market, registering a CAGR of nearly 6.3% between 2022 and 2032
  • East Asia is anticipated to be the most remunerative market due to high cultivation of bamboo and increasing demand for sustainable packaging.
  • The U.S. and the U.K. are expected to remain the most dominant countries on the back of growing application from diverse industries

“Increasing need for eco-friendly and cost-efficient packaging is accelerating the demand for bamboo packaging. The availability of different packaging types in diverse sectors such as food & beverage, cosmetics, and personal care is anticipated to create growth prospects for manufacturers.” -says FMI analyst

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Bamboo Packaging Market by Category

By Pulp Type:

  • Recycled Pulp
  • Virgin Pulp

By Packaging Type:

  • Cups & Straws
  • Bottles & Jars
  • Boxes & Cartons
  • Clamshell
  • Tubes
  • Mailers
  • Barrels
  • Crates
  • Pallets
  • Others (Bowls, Plates, etc.)

By End-use Industry:

  • Foods & Beverages
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • E-Commerce
  • Automotive
  • Agriculture

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Growing Sustainability Concerns to Push Demand in the Market

Increasing environmental concerns have increased the preference for sustainable packaging across the globe. Consumers are becoming more aware of the effects of plastic and single-use packaging on the surroundings. Bamboo packaging is a replacement for metal or plastic packaging as it grows without the need for pesticides.

Bamboo packaging can be composted easily and sustainability is in every process connected with the production. Hence, various manufacturers are also replacing plastic packaging with bamboo packaging to achieve sustainability. For instance, Dell has started using bamboo packaging to protect laptops. They have started using bamboo for interior cushioning. Thus, rising awareness regarding sustainability is fuelling the demand for bamboo packaging.

Further, government organizations are also providing support to bamboo packaging manufacturers. According to the report by International Bamboo and Rattan Organisation, in 2021, various representatives from government and non-government organizations took part in the event to discuss bamboo as an alternative material to plastic.

China’s recent policies saw restrictions and a ban on the import of plastic waste. China is ready to replace plastic with bamboo packaging. Thus, various efforts from the government and various other organizations are propelling the growth of the bamboo packaging market.

Bamboo Packaging Market Landscape

The key players operating in the global bamboo packaging market are HuhtamakiOyj, APackaging Group., Pi sustainable packaging Co., Ltd., Bloom Eco Packaging Co., Ltd., Golden Arrow, Inc., and Three Bamboo. Also, some of the other noticeable players in the market are Xiamen HBD industry & trade CO., LTD, Meysher Industrial Group, Sunkea, GUANGZHOU HUIHUA PACKAGING PRODUCTS CO. LTD, Ningbo Willest International Trading Co., Ltd., Yiwu Cool Commodity Co., Ltd., BeGreen Packaging, Bio Transito SAS Ltd, and others.

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Market Analysis

1.3. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Impact of Covid-19

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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