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Global Bamboos Market Overview
Bamboos Market Size was valued at USD 60.5 Billion in 2022. The Bamboos industry is projected to grow from USD 63.4 Billion in 2023 to USD 92.26 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.80% during the forecast period (2024 - 2032).Innovations in bamboo processing, growing consumer awareness, and sustainability and eco-friendly features are the key market drivers boosting the expansion of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bamboos Market Trends
- Raising awareness among consumers is driving the market growth
Market CAGR for Bamboos is being driven by the raising awareness among consumers. Bamboo can be used for many different things in the environment, such as building fortifications, boats, and other constructions. Compared to other wood species, bamboos are stronger and lighter. Aside from that, bamboo can be molded into practical shapes and is simple to machine. But in the developed world, where green building is highly valued and supported as a means of supporting environmental trends, bamboo fervor is expected to soar in the upcoming years.
Additionally, consumers' growing knowledge of eco-friendly and sustainable options has increased demand for bamboo items. Customers are actively looking for less harmful substitutes for conventional materials that don't harm the environment. Bamboo is utilized in the construction of bridges, homes, and other buildings. It is appropriate for construction because of its strength, flexibility, and durability, especially in areas where bamboo is plentiful. The furniture business uses bamboo because of its lightweight, strong, and beautiful appearance. It helps the bamboo market expand by being employed in the creation of flooring, tables, seats, and other interior design components.
New and enhanced bamboo-based goods have been created as a result of ongoing research and advancements in bamboo processing technology. Bamboo's quality and usefulness are improved by advancements in treatment and production techniques. The textile and clothing industries employ bamboo fibers to make materials that naturally resist bacteria and wick away moisture. Bamboo is now used more often in apparel manufacturing due to consumer desire for cozy, environmentally friendly materials. Through encouraging laws and programs, certain governments encourage the growth and application of bamboo. This involves sponsoring research, establishing laws that support sustainable forestry methods, and offering incentives for bamboo growing.
For instance, the Chinese Bamboo Industry Association states that in 2016, the Chinese bamboo industry's total output value was US$ 31.8 billion. The East Asian market for bamboo goods is expected to grow notwithstanding COVID-19. Thus, result in driving the Bamboos market revenue.
Bamboos Market Segment Insights
Bamboos End Use Industry Insights
The Bamboos market segmentation, based on End Use Industry includes Wood and Furniture (Timber Substitute, Plywood, Mat Boards, Flooring, Furniture, and Outdoor Decking), Construction (Scaffolding, Housing, and Roads), Food (bamboo shoots), Pulp & Paper, Textile, Agriculture, and Others (charcoal & handicrafts). The construction segment dominated the market. Bamboo is widely utilized in the construction sector for a variety of purposes, including the production of excess equipment, flooring materials, and other components. As a result, the market for bamboo is expanding due to the growing trend of construction activities. The demand for paper pulp and board packaging has also increased significantly as a result of the e-commerce sector's growth. Since bamboo is one of the main sources of pulp and fiber that are extracted and used to make paper, this has led to an overabundance of utilization of the plant.
Figure1:Bamboos Market, by End Use Industry, 2022&2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bamboos Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Bamboos market area will dominate this market. Companies in both nations are being forced to incorporate natural components in their products due to Americans' growing awareness of the benefits of using natural products. Because bamboo has a wide range of applications in several industries, the US market for it is anticipated to grow throughout the forecast period.
Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.
Figure2:BAMBOOS MARKET SHARE BY REGION 2022 (USD Billion) 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Bamboos market has the second-largest portion of the market due to ideal growing circumstances in Spain, Portugal, Italy, and parts of the Balkans, as well as the increased demand for bamboo products. Further, the German Bamboos market had the biggest market share, and the UK Bamboos market was the fastest growing market in the European region
The Asia-Pacific Bamboos Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. The country's enormous population is predicted to generate a significant demand for pulp and paper. Moreover, China’s Bamboos market had the biggest market share, and the Indian Bamboos market was the fastest growing market in the Asia-Pacific region.
Bamboos Key Market Players& Competitive Insights
Leading market players are putting a lot of money on R&D to expand their product lines, which will help the market for weight reduction products grow. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. to grow and endure in an increasingly cutthroat and dynamic market, Bamboos industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Bamboos industry to help customers and expand the market segment. In recent years, the Bamboos industry has provided some of the biggest benefits to medicine. Major players in the Bamboos market, including Moso International BV, Shanghai Tenbro Bamboo Textile Co. Ltd, Tengda Bamboo-Wood Co. Ltd., Higuera Hardwoods LLC, Dasso Industrial Group Co. Ltd., and others, are attempting to increase market demand by investing in research and development operations.
Moso International BV has made a name for itself as a world authority in the bamboo sector. The business is well-known for encouraging and offering environmentally friendly bamboo solutions for a range of uses, such as building, outdoor projects, and interior design. The company sells a wide variety of bamboo goods, such as decking, panels, flooring, veneers, and outdoor solutions. Both home and commercial building projects are served by these goods. In March 2020, The German bamboo manufacturer Bambeau Becker has been acquired by MOSO International B.V. During the projected timeframe, these purchases will contribute to the market's expansion.
Bamboo Bio Composites Sdn Bhd is a business that specializes in the creation and manufacturing of bio-composite materials made of bamboo. In order to produce composite materials that are both environmentally benign and sustainable, bio-composites usually require blending natural fibers, like bamboo, with polymers or other materials. In 2021, Bambusa Bamboo Powder was introduced by Bambusa, a company that specializes in bamboo-based products. This high-quality, sustainably sourced bamboo powder can be used in a variety of goods, such as food and drink, cosmetics, and personal hygiene items. It provides a healthy, natural substitute for artificial substances.
Key Companies in the Bamboos market include
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Shanghai Tenbro Bamboo Textile Co. Ltd
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Tengda Bamboo-Wood Co. Ltd.
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Higuera Hardwoods LLC
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Dasso Industrial Group Co. Ltd.
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Xingli Bamboo Products Company
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China Bamboo Textile Company Ltd.
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Bamboo Bio Composites Sdn Bhd
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Southern Bamboo Inc.
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Jiangxi Feiyu Industry Co. Ltd.
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Anji Tianzhen Bamboo Flooring Co. Ltd.
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Kerala State Bamboo Corporation Ltd
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Bamboo Australia Pty. Ltd.
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Ecoplanet Bamboo
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Smith & Fong Co. Inc.
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Jiangxi Kangda Bamboo Ware Group Co. Ltd.
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Fujian Jianou Huayu Bamboo Industry Co. Ltd.
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Jiangxi Shanyou Industry Co. Ltd
Bamboos Industry Developments
September 2022: Libas Consumer Products Ltd. introduced the bamboo-based "Organic Innerwear" brand "KNG" and declared a rights issue. Because of its ecological and non-allergic features, this launch replaces traditional undergarments.
October 2021: Nestlé SA declared that 3.5 million bamboo plants and clumps would be planted in the Philippines. The goal of planting 200 million trees by 2030 was bolstered by this reforestation effort by Nestlé SA.
June 2021: Cali Bamboo Holdings, Inc. was acquired by UK-based Victoria Pic for $76.1 million, signaling the company's intention to expand its current North American distribution business.
Bamboos Market Segmentation
Bamboos End Use Industry Outlook
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Wood and Furniture
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Timber Substitute
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Plywood
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Mat Boards
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Flooring
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Furniture
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Outdoor Decking
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Construction
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Scaffolding
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Housing
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Roads
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Food (bamboo shoots)
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Pulp & Paper
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Textile
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Agriculture
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Others (charcoal & handicrafts)
Bamboos Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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