Bamboos Market Growth & Trends
The global bamboos market size is expected to reach USD 82.90 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.7% from 2021 to 2028. A broader scope of application of bamboos in domestic as well as commercial applications, such as furniture, fabric, food, biofuel, pulp and paper, charcoal, and cloth, is expected to pose high growth potential for the market.
Asia Pacific accounted for almost 80% of the global bamboo product trade in 2020 owing to the high influence from China, which accounted for almost 71% of the world’s export of bamboo products. North America, Central, and South America, and Europe have also emerged as the significant traders of bamboo products in recent years owing to the presence of indigenous bamboo species in Brazil, Mexico, Ecuador, Chile, and the Dominican Republic.
Bamboo is an inexhaustible category of grass that can be cut 5 fold faster than trees and also absorbs 30% more carbon dioxide when compared with wood. Thus, the emergence of sustainability trends, especially increasing focus on environmentally neutral building materials, is expected to drive the market for bamboos over the forecast period.
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Bamboos Market Report Highlights
- The industrial products application segment accounted for the largest revenue share of over 35.0% in 2020 owing to the broad range of applications in modern-day food and biobased industries, such as dietary fiber food additives
- The shoots application segment emerged as the second-largest segment in 2020 as bamboo shoots are considered an important health food as they contain amino acids, high proteins, vitamin A, vitamin B6, vitamin E, niacin, and thiamine
- The furniture application segment is expected to register a CAGR of 5.0% over the forecast period owing to the emerging trend of sustainable interior designs in the environmentally neutral or green buildings
- Asia Pacific dominated the market with a revenue share of over 75.0% in 2020 owing to the highly concentrated production of bamboos in Asia Pacific economies, especially China
- Industry participants are expanding the domestic production of bamboos in Non-Asia Pacific economies to cater to the domestic demand and reduce reliance on imports from China or other high production economies
Access Press Release@ https://www.grandviewresearch.com/press-release/global-bamboos-market
Bamboos Market Segmentation
Grand View Research has segmented the global bamboos market on the basis of application and region:
Bamboos Application Outlook (Revenue, USD Million, 2017 - 2028)
- Raw Materials
- Industrial Products
- Furniture
- Shoots
- Others
Bamboos Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America
- US.
- Canada
- Mexico
- Europe
- UK.
- Germany
- France
- Italy
- Benelux
- Asia Pacific
- China
- Japan
- India
- Indonesia
- Vietnam
- Central & South America
- Brazil
- Middle East & Africa
List of Key Players of Bamboos Market
- MOSO International B.V.
- Bamboo Australia Pty. Ltd.
- Bamboo Village Company Limited
- EcoPlanet Bamboo
- China Bamboo Textile Company Limited
- Southern Bamboo Inc.
- Dasso Industrial Group Co., Ltd.
- Smith & Fong Co. Inc.
- Anji Tianzhen Bamboo Flooring Co. Ltd.
- Bamboo Bio Composites Sdn Bhd
- Shanghai Tenbro Bamboo Textile Co. Ltd.
- Kerala State Bamboo Corporation Ltd.
- Jiangxi Feiyu Industry Co. Ltd.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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