The Bamboo Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bamboo Global Market Report 2024, 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.
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.
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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
Major companies operating in the bamboo market are focused on introducing next-generation solutions, such as bamboo fibers. Bamboo fibers are extracted or fabricated from natural bamboo and are considered regenerated fibers known for their softness, breathability, and eco-friendly nature. For instance, in November 2021, Siyaram Silk Mills Ltd., an Indian-based company that manufactures and sells fabrics, launched bamboo fabrics. Bamboo fabrics are available in the form of fleece, velour, terry, towel, and jersey and can be used for a wide range of applications, such as clothing, home decor, furniture, and flooring. Bamboo fabrics provide environmental benefits such as renewability, biodegradability, and fast growth, making them an attractive alternative to traditional textiles made from non-renewable resources like cotton.
The bamboo market report table of contents includes:
1. Executive Summary
2. Bamboo Market Characteristics
3.Bamboo Market Trends And Strategies
4.Bamboo Market analysis
5.Bamboo Market Size And Growth
6.Bamboo Segmentation
7.Bamboo Regional And Country Analysis
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27.Bamboo Competitive Landscape And Company Profiles
28.Bamboo Key Mergers And Acquisitions
29.Bamboo Future Outlook and Potential Analysis
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