Press release
Bamboo Global Market Analysis Development Trends, Industry Growth Opportunities, Regional Demand and Forecast 2024-2033 | TIC Gums Inc., Swicofil AG, EPITOME Bamboowood, Advantage Fibres, Bambooworld
Bamboo Market Trends
Bamboo Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $97.78 billion In 2028 At A CAGR Of 6.8% :
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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Bamboo Market Major Segments
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
Key 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.
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Prominent Trend - Government Initiatives Propel Bamboo Market Expansion For Sustainable Development
Rising government initiatives for bamboo production have emerged as the key trend gaining popularity in the bamboo market. Governments across various countries are promoting bamboo production through initiatives and investments to meet the growing demand and to increase exports. For instance, the International Bamboo and Rattan Organization (INBAR), a China-based independent intergovernmental organization, has developed the 2015-2030 INBAR Strategy to develop the bamboo sector to address various issues, including climate change mitigation, livelihood, and land degradation, and to focus on the use of bamboo as a strategic resource.
Bamboo Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the bamboos market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bamboo market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bamboo Market Report Structure
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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