Bamboos Market Size, Share, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

                                                                                    Bamboos

The global bamboos market was worth USD 53.28 billion in 2020, and it is predicted to increase at a compound annual growth rate (CAGR) of 5.7% between 2021 and 2028. Growing infrastructure development investments, increased usage of sustainable building construction resources, and rising consumer knowledge about the uses and benefits of Bamboos are likely to boost the over the forecast period. Bamboo and rattan have numerous environmental, economic, and social advantages. Bamboo is a renewable resource that can grow in a variety of climates, but thrives in tropical climates. When compared to trees, it produces around 35% more oxygen and absorbs 40% more carbon dioxide, resulting in a significant increase in air quality. Furthermore, the Middle East and Africa are expected to grow rapidly over the forecast period as a result of increased government measures to maximize the production of bamboos and rattan, which produces jobs. Bamboo market and rattan are commonly used by African people to build structures and granaries. Rural inhabitants also use it as a raw material in the production of handicrafts, woven items, and baskets.

Bamboo is a multi-purpose forest product that is important in both residential and industrial economies. Food production, wood substitution, pulp and paper, handicrafts, medical goods, cottage industries, and charcoal manufacture are some of the industrial applications of bamboos. With over 1,500 reported uses, bamboo is one of the highly renewable resources in the socioeconomic and ecological-climatic-functional setting.

Bamboo market is widely used in the paper and pulp as a raw material in the production of paper and paperboard. Global demand for paper and paperboard is predicted to drive global bamboo growth throughout the forecast period. Global paper and paperboard consumption was 390 million tonnes in 2015, according to PG Paper, and is predicted to climb to 490 million tonnes by 2020.

Bamboo shoots are often utilized in meals because to their multiple health benefits, including low calorie content and high potassium, copper, and iron content. Growing health consciousness among the population has recently raised the acceptance of high nutrition and low calorie food, which is likely to drive bamboo growth over the forecast period. The is characterized by high competition, with multiple multinational and local competitors present in various areas of the world. Consumer awareness of the usage of sustainable products for environmental preservation has been developing for some time. This requires manufacturers to follow stringent requirements that ensure sustainable sources for processed bamboo and rattan goods. In order to compete more effectively, corporations are working on creating efficient supply chains.

Key Companies- Dasso Industrial Group Co. Ltd., EcoTimber Inc., EcoPlanet Group LLC, Eldorado Bambu, Xingli Bamboo Products Company, Moso International BV, GRASSuilt LLC, Bamboo Australia Pty Ltd, Jiangxi Kangda Bamboo Ware Group Co. Ltd., and Yokoyama Bamboo Products Co. Ltd.