Press release
Bamboo Market 2024: Meeting Industry Demand, Assessing Sales, Growth Rates, Key Applications, Future Trends, and Outlook Through 2033
Bamboo Market
The Business Research Company offers in-depth market insights through Bamboo Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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.
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Market Segmentation:
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 Driver - Bamboo Market Blossoms Catering To Surging Paper Demand With Sustainable Solutions
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.
Competitive Landscape:
Major companies operating in the bamboo market report are Southern Bamboo Inc., Smith & Fong Co. Inc., Jiangxi Feiyu Industry Co. Ltd., Anji Tianzhen Bamboo Flooring Co. Ltd., Jiangxi Kangda Bamboo Ware Group Co. Ltd., Dasso Industrial Group Co. Ltd., TIC Gums Inc., CFF GmbH & Co. KG, Moso International BV, Liahren, Swicofil AG, Ecoplanet Bamboo, Wild Fibres, Kerala State Bamboo Corporation Ltd, EPITOME Bamboowood, Advantage Fibres, International Fiber Corporation, Teragren, Bambooworld, Bamboo Village Company Limited, Tengda Bamboo-Wood Co. Ltd., Xingli Bamboo Products Company, Chengdu Grace Fiber Co. Ltd, Higuera Hardwoods LLC, Fujian Jianou Huayu Bamboo Industry Co. Ltd., Jiangxi Shanyou Industry Co. Ltd., Bamboo Bio Composites Sdn Bhd, EcoLife Bamboo, Shanghai Tenbro Bamboo Textile Co. Ltd, Bamboo Australia Pty. Ltd.
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Top Trend - Bamboo Market Leaders Embrace Bamboo Fabrics For Eco-Friendly Textile Solutions
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Bamboo Market Characteristics
3. Bamboo Market Trends And Strategies
4. Bamboo Market - Macro Economic Scenario
5. Bamboo Market Size And Growth
…..
27. Bamboo Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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