Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 67.06 Billion | USD 98.80 Billion | 4.4% | 2023 |
According to a report from Zion Market Research, the global Bamboos Market was valued at USD 67.06 Billion in 2023 and is projected to hit USD 98.80 Billion by 2032, with a compound annual growth rate (CAGR) of 4.4% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Bamboos industry over the next decade.
Bamboos provide a range of social, cultural, and environmental benefits for society. Bamboo is a natural resource which can develop under a variety of climatic conditions, but ideally a tropical one. It contains around 35 per cent more oxygen and consumes 40 per cent more carbon dioxide compared to trees, resulting in a major change in air quality. Increasing infrastructure development investment and consumer awareness about benefits of bamboo can boost the market of bamboo in the forecast period.
Bamboo is a substitute for wood. Bamboo is utilized for various purposes depending upon its properties such as Bamboo raw materials, Bamboo charcoal, Bamboo housing, Bamboo pulp, paper and cloth, Bamboo panels, Bamboo flooring, Bamboo weaving products and crafts, Bamboo fuel, Bamboo furniture. It plays an important role in the daily life of people for house construction, agricultural tools, and implements, as food material and weaponry etc. Different type of Bamboo products includes processed bamboo, Bamboo edible shoots, raw bamboo, and Bamboo by-products.
Bamboos occur on five continents including Africa, Asia, South America, North America and Australia. Due to the unique composition of bamboo, it is desired for health benefits. Bamboos are versatile that play role in worlds domestic and industrial economies. Risk of cancer is reduced by the bamboo shoots, strengthening the immune system. Weight loss is assisted by bamboo, very helpful in combating respiratory disorders. Snake or scorpion bite can be cured by the use of bamboo. A number of regulations in India that act as a restraint in the growth of the bamboo market include Forest Rights Act, Forest Conservation Act, Indian Forest Act, etc.
The drivers which contribute to the growth are growing demand for bamboo fiber and increasing investment in clothing and furnishing. Bamboo fiber is thinner as compared to hair and has a round and smooth surface which makes it abrasion proof, anti-fungal, and antibacterial features create an upsurge in the demand for Bamboo Fiber. Restraints for the bamboo market are a high cost for processing and stringent regulation on the chemical processing of bamboo fiber. Extinction of bamboos due to resource depletion and a slowdown in world economic growth are some of the prominent challenges faced by bamboos market players across the globe.
On the basis of the end user, the global bamboos market is segmented as construction, wood and furniture, paper and pulp, textile, medical, agriculture, and food products. Among which wood and furniture segment is expected to account for Lion’s share followed by construction segment, attributed to rising demand for quality furniture across the globe.
Report Attributes | Report Details |
---|---|
Report Name | Bamboos Market |
Market Size in 2023 | USD 67.06 Billion |
Market Forecast in 2032 | USD 98.80 Billion |
Growth Rate | CAGR of 4.4% |
Number of Pages | 157 |
Key Companies Covered | Suzhou Lifei Textile Co, Shanghai Tenbro Bamboo Textile, Hebei Jigao Chemical Fibre, Wild Fibres, Bambro Textile Co, Chengdu grace Fiber Co.; Litrax, Swicofil, America Hoy Technology, Wild Fibres, Advantage Fibres, Bo Group, TIC Gums, CFF GmbH, International Fiber Corporation, Liahren; Tengda Bamboo-Wood Co. Ltd., Xingli Bamboo Products Company, Kerala State Bamboo Corporation Ltd, Jiangxi Shanyou Industry Co. Ltd., Moso International B.V., EcoPlanet Bamboo, Smith & Fong Co., Dasso Industrial Group Co. Ltd, Bamboo Australia Pty Ltd., Jiangxi Kangda Bamboo Ware Group Co. Ltd |
Segments Covered | By Construction, By Wood And Furniture, By Paper And Pulp, By Textile, By Medical, By Agriculture, By Food Products And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
China is the largest producer of Bamboo across the globe followed by India with a significant growth rate over the forecast period. In terms of volume, Asia Pacific is expected to dominate the global bamboos market over the forecast period, owing to rising demand for furniture with the rapid growth of per capita income of the consumer in the region. The paper and pulp industry in India and China are among the most established industries growing at significant rates. In terms of value, North America and Europe are anticipated to account for relatively high share, attributed to high demand for quality products with high GDP in the regions. Other major producers of bamboo include Myanmar, Thailand, Bangladesh, and Cambodia. China is the biggest exporter of bamboo and Europe is having the world's largest import market
Some of the important players in global bamboos market include
By End-Use
Global Bamboos Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
Bamboos are a group of woody perennial plants that grow rapidly and are members of the Poaceae grass family. Typically found in tropical, subtropical, and temperate regions worldwide, they are distinguished by their rigid, hollow, and jointed stems, known as culms. The scale of bamboos is diverse, ranging from small ground cover species to large timber bamboos that can reach heights of several meters.
Bamboo is a renewable resource that is regarded as an environmentally favourable substitute for wood, plastic, and other non-renewable materials. It is appealing to industries such as construction, furniture, packaging, and textiles due to its rapid growth and carbon sequestration capabilities.
According to a report from Zion Market Research, the global Bamboos Market was valued at USD 67.06 Billion in 2023 and is projected to hit USD 98.80 Billion by 2032.
According to a report from Zion Market Research, the global Bamboos Market a compound annual growth rate (CAGR) of 4.4% during the forecast period 2024-2032.
China is the largest producer of Bamboo across the globe followed by India with a significant growth rate over the forecast period. In terms of volume, Asia Pacific is expected to dominate the global bamboos market over the forecast period, owing to rising demand for furniture with the rapid growth of per capita income of the consumer in the region. The paper and pulp industry in India and China are among the most established industries growing at significant rates. In terms of value, North America and Europe are anticipated to account for relatively high share, attributed to high demand for quality products with high GDP in the regions. Other major producers of bamboo include Myanmar, Thailand, Bangladesh, and Cambodia. China is the biggest exporter of bamboo and Europe is having the world's largest import market
Some of the important players in global bamboos market include Suzhou Lifei Textile Co, Shanghai Tenbro Bamboo Textile, Hebei Jigao Chemical Fibre, Wild Fibres, Bambro Textile Co, Chengdu grace Fiber Co.; Litrax, Swicofil, America Hoy Technology, Wild Fibres, Advantage Fibres, Bo Group, TIC Gums, CFF GmbH, International Fiber Corporation, Liahren; Tengda Bamboo-Wood Co. Ltd., Xingli Bamboo Products Company, Kerala State Bamboo Corporation Ltd, Jiangxi Shanyou Industry Co. Ltd., Moso International B.V., EcoPlanet Bamboo, Smith & Fong Co., Dasso Industrial Group Co. Ltd, Bamboo Australia Pty Ltd., Jiangxi Kangda Bamboo Ware Group Co. Ltd.
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