Overview and Scope
Bamboo refers to tree-like grasses belonging to the family Poaceae that are fast-growing, easily obtained, renewable, and valuable among all forest resources. These are used to make furniture, food, biofuels, chopsticks, papers, and so on, and they are also used as an input in flooring, roofing, and scaffolding, as well as medicinal purposes.
Sizing and Forecast
The bamboo market size has grown strongly in recent years. It will grow from $70.59 billion in 2023 to $75.12 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increased environmental awareness, versatility in applications, cultural significance, government support, infrastructure development.
The bamboo market size is expected to see strong growth in the next few years. It will grow to $97.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to climate change mitigation, circular economy initiatives, economic growth, rising material costs, regulatory shifts, global health concerns. Major trends in the forecast period include bamboo flooring, bamboo textiles, bamboo charcoal products, bamboo in packaging, bamboo in the energy sector, bamboo farming practices.
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Segmentation & Regional Insights
The bamboo market covered in this report is segmented –
1) By Type: Herbaceous Bamboos, Tropical Woody Bamboos, Temperate Woody Bamboos
2) By Species: Moso bamboo, Bambusa vulgaris, Other Species
3) By Application: Raw Materials, Industrial Products, Furniture, Shoots, Other Applications
4) By End-User: Wood And Furniture, Construction, Food, Pulp And Paper, Textile, Agriculture, Other End-Users
Asia-Pacific was the largest region in the bamboos market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bamboo market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for paper is expected to propel the growth of the bamboo market going forward. Paper is a flat, thin sheet material that is made from cellulose fibers derived from wood, rags, and other raw materials and is suitable for writing on, wrapping, and decorating walls. Pulp obtained from bamboo is used for manufacturing paper. Paper is used to produce books, printing, packaging, and decorating. For instance, according to the news published by Business Line, an India-based newspaper, in May 2022, paper consumption in India is projected to grow by 6-7% and is expected to reach up to 30 million tons by 2026–2027. Therefore, the increasing demand for paper is driving the growth of the growth of the bamboo market.
Key Industry Players
Major companies operating in the bamboo market report are Southern Bamboo Inc., Smith & Fong Co. Inc., Jiangxi Feiyu Industry Co. Ltd., Anji Tianzhen Bamboo Flooring Co. Ltd., Jiangxi Kangda Bamboo Ware Group Co. Ltd., Dasso Industrial Group Co. Ltd., TIC Gums Inc., CFF GmbH & Co. KG, Moso International BV, Liahren, Swicofil AG, Ecoplanet Bamboo, Wild Fibres, Kerala State Bamboo Corporation Ltd, EPITOME Bamboowood, Advantage Fibres, International Fiber Corporation, Teragren, Bambooworld, Bamboo Village Company Limited, Tengda Bamboo-Wood Co. Ltd., Xingli Bamboo Products Company, Chengdu Grace Fiber Co. Ltd, Higuera Hardwoods LLC, Fujian Jianou Huayu Bamboo Industry Co. Ltd., Jiangxi Shanyou Industry Co. Ltd., Bamboo Bio Composites Sdn Bhd, EcoLife Bamboo, Shanghai Tenbro Bamboo Textile Co. Ltd, Bamboo Australia Pty. Ltd.
The bamboo market report table of contents includes:
1. Executive Summary
2. Bamboo Market Characteristics
3. Bamboo Market Trends And Strategies
4. Bamboo Market – Macro Economic Scenario
5. Global Bamboo Market Size and Growth
…
32. Global Bamboo Market Competitive Benchmarking
33. Global Bamboo Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bamboo Market
35. Bamboo Market Future Outlook and Potential Analysis
36. Appendix
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