Bamboos Market Size is Anticipated to Reach US$ 18,440 Million by Rising at a CAGR of 10.9% during forecast period 2023 to 2033
As per Zion Market Research, The global bamboos market size is anticipated to attain a valuation of US$ 6,533.11 million in 2023 and is estimated to reach US$ 18,440 million by 2033, trailing a CAGR of 10.9% during the forecast period. The increasing investments emphasis on infrastructure advancement, augmenting use of construction resources/sustainable building, and intensifying consumer awareness concerning uses & benefits of bamboos are likely to impel the market growth during the forecasted period. Bamboos and rattan offer numerous environmental, social, and economic benefits to society. Bamboo is a renewable resource that can nurture under a range of climatic conditions, but desirably a tropical climate. It gives around 35% more oxygen and absorbs 40% of carbon dioxide than trees, which results in a considerable improvement in the quality of air. Furthermore, bamboo cultivation aids in carbon fixation, purifies the environment, and controls soil erosion.
Wide Range Of Commercial Applications To Stimulate The Global Bamboos Market
Bamboos and rattan are progressively becoming an ideal choice than timber as they are easier to transport, harvest, and are comparatively affordable. They offer high durability and are water-resistant by nature. These benefits induce the long-lasting utilization of bamboos and rattan in the shelter, furniture, and handicraft products. Bamboo and rattan are used to produce mats/screens, flooring, charcoal, and woven products. As a result, a wide range of commercial applications is expected to propel the sales of bamboos products and consequently, boost the market growth during the forecasted period. Nevertheless, the use of toxic chemicals in the manufacturing of processed bamboos and rattan products counting furniture, pulp & paper, and flooring shoots up the introduction & implementation of strict laws & guidelines.
The global bamboos market is bifurcated on the basis of type, end-user, and regional analysis. Based on the type, the market is divided into tropical woody bamboos, herbaceous bamboos, and temperate woody bamboos. Based on the end-user, the market is divided into construction (housing, scaffolding, others), wood & furniture (timber substitute, mat boards, plywood, furniture, flooring, handicraft, others), paper & pulp (bamboo clothing), textile, medical, agriculture (manure and fodder), and others (chopsticks and toothpicks).
The Asia Pacific Region Estimated To Witness Highest Growth In The Global Bamboos Market
Based on geographical analysis, the global bamboos market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The bamboos market in the Asia Pacific region contributed to more than 60% of the revenue share in 2018 and is projected to register the highest growth in the forecasted period. At present, several administration policies focus on encouraging bamboo and rattan cultivation so as to boost stable profit for farmers. These administration policies are likely to pave new avenues for market expansion. For example, in December 2017, Parliament of India approved a bill to declassify bamboo as a tree, therefore creating profitable growth opportunities for mid-scale & small-scale producers to manufacture processed bamboo products.
Some of the predominant players in the market are -
- Moso International B.V.
- Jiangxi Feiyu Industry Co. Ltd.
- Shanghai Tenbro Bamboo Textile Co. Ltd.
- Kerala State Bamboo Corporation Ltd.
The global bamboos market segment is segmented as follows:
By type:
- Herbaceous Bamboos
- Tropical Woody Bamboos
- Temperate Woody Bamboos
By end-user:
- ConstructionScaffoldingHousingOthers
- Wood & FurniturePlywoodTimber substituteFlooringMat boardsHandicraftFurnitureOthers
- Paper and PulpBamboo Clothing
- Textile
- Medical
- AgricultureFodderManure
- Others (chopsticks and toothpicks)
By region:
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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