#Market Analysis & Forecasts
The global bamboo market is projected to reach $82.90 billion by 2028, at a CAGR of 5.7%
The global bamboo market size is expected to reach USD 82.90 billion by 2028. It is expected to expand at a CAGR of 5.7% from 2021 to 2028. A broader scope of application of bamboo in domestic as well as commercial applications, such as furniture, fabric, food, biofuel, pulp and paper, charcoal, and cloth, is expected to pose high growth potential for the market.
The Asia Pacific accounted for almost 80% of the global bamboo product trade in 2020 owing to the high influence from China, which accounted for almost 71% of the world's export of bamboo products. North America, Central, and South America, and Europe have also emerged as the significant traders of bamboo products in recent years owing to the presence of indigenous bamboo species in Brazil, Mexico, Ecuador, Chile, and the Dominican Republic.
Bamboo is an inexhaustible category of grass that can be cut 5 fold faster than trees and also absorbs 30% more carbon dioxide when compared with wood. Thus, the emergence of sustainability trends, especially increasing focus on environmentally neutral building materials, is expected to drive the market for bamboos over the forecast period.
Bamboos Market Report Highlights
• The industrial products application segment accounted for the largest revenue share of over 35.0% in 2020 owing to the broad range of applications in modern-day food and biobased industries, such as dietary fiber food additives
• The shoots application segment emerged as the second-largest segment in 2020 as bamboo shoots are considered an important health food as they contain amino acids, high proteins, vitamin A, vitamin B6, vitamin E, niacin, and thiamine
• The furniture application segment is expected to register a CAGR of 5.0% over the forecast period owing to the emerging trend of sustainable interior designs in the environmentally neutral or green buildings
• The Asia Pacific dominated the market with a revenue share of over 75.0% in 2020 owing to the highly concentrated production of bamboo in Asia Pacific economies, especially China
• Industry participants are expanding the domestic production of bamboo in Non-Asia Pacific economies to cater to the domestic demand and reduce reliance on imports from China or other high production economies
Companies Mentioned
• Anji Tianzhen Bamboo Flooring Co. Ltd.
• Bamboo Australia Pty. Ltd.
• Bamboo Bio Composites Sdn Bhd
• Bamboo Village Company Limited
• China Bamboo Textile Company Limited
• Dasso Industrial Group Co., Ltd.
• Ecoplanet Bamboo
• Moso International B.V.
• Smith & Fong Co Inc.
• Southern Bamboo Inc.
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Market Variables and Trends
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.3. Product Price Trend Analysis
3.4. Regulatory Framework
3.5. Market Variable Analysis
3.5.1. Market Driver
3.5.2. Market Restraint
3.6. Business Environment Analysis Tools: Bamboo Market
3.6.1. Industry Analysis: Porter's Five Forces Analysis
3.6.2. PESTEL Analysis
3.7. Recent Trends & Developments
Chapter 4. Bamboo Market: Application Estimates & Trend Analysis
4.1. Bamboo Market: Application Movement Analysis, 2020 & 2028
4.2. Raw Materials
4.3. Industrial Products
4.4. Furniture
4.5. Shoots
4.6. Others
Chapter 5. Bamboo Market: Regional Estimates & Trend Analysis
5.1. Bamboo Market: Regional Movement Analysis, 2020 & 2028
5.2. North America
5.3. Europe
5.4. Asia-Pacific
5.5. Central & South America
5.6. Middle East & Africa
Chapter 6. Company Profiles
For more information about this report visit:
https://www.researchandmarkets.com/r/c7qie0
