NEW
YORK, May 17, 2024 /PRNewswire/ -- The
global bamboos market size is estimated to grow by
USD 20.38 bn from 2023-2027,
according to Technavio. The market is estimated to grow at a CAGR
of 5.45% during the forecast period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download Free sample
report in a minutes
Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
Application (Industrial
products, Furniture, Raw material, Shoots, and Others), Type
(Tropical, Herbaceous, and Temperate), and Geography (APAC, North
America, Europe, Middle East and Africa, and South
America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
Anji Tianchi Bamboo and
Wood Industry Co. Ltd., ANJI TIANZHEN BAMBOO FLOORING CO. LTD,
Bamboo Australia, Bamboo Village Co. Ltd., Bamboo vision,
Bamboowood, Cali Bamboo LLC, CFF GmbH and Co. KG, dasso Group,
EcoPlanet Bamboo Group, Fujian HeQiChang Bamboo Industrial Co.
Ltd., Moso International B.V., Shanghai Tenbro Bamboo Textile Co.
Ltd., Simply Bamboo PTY LTD, Smith and Fong Co., Teragren, Wild
Fibres, Xiamen HBD Industry and Trade Co. Ltd., Xingli Bamboo
Products Co., and SWICOFIL AG
|
Key Market Trends Fueling Growth
Bamboo, a fast-growing grass, is a versatile and eco-friendly
resource with numerous applications. In the market, bamboo is
widely used for furniture production, including chairs, tables,
beds, and cabinets. It also finds use in decorative items like
lampshades and room dividers. With increasing environmental
consciousness, bamboo has emerged as an attractive alternative to
hardwood in furniture and flooring. Its abundance in tropical
regions makes it an industrial raw material for pulp and paper,
board packaging, and construction. Bamboo is also used in
landscaping, fencing, fishing rods, boats, and lightweight
machinery tables. Additionally, bamboo is used as a wood substitute
for charcoal production, medicinal products, handicrafts, and
cottage industries. Harvesting bamboo is a seasonal process, with
peak harvesting seasons and cultivators employing various bamboo
cultivation methods.
Market Challenges
- The global bamboo market is constrained by the limited
availability of this versatile resource in regions with optimal
climatic conditions for its growth. Primarily found in Asia, Africa,
and South America, bamboo thrives
in specific environments, making its cultivation and distribution
challenging. This geographic restriction impacts various industries
relying on bamboo as a raw material, leading to increased prices
and supply chain disruptions. Bamboo serves as a wood substitute in
numerous applications, including textiles, agricultural equipment,
food, and construction materials. Its lightweight, sustainable, and
renewable nature makes it a valuable alternative to cotton,
synthetic fabrics, hardwoods, and timber substitutes. Additionally,
bamboo is used in scaffolding, bamboo poles, edible bamboo shoots,
amino acids, proteins, vitamins, and pulp and paper production.
Furthermore, bamboo is employed in the manufacturing of masks,
personal care and hygiene items, carbon dioxide and oxygen
production, and architectural designs for its aesthetic appeal.
Despite its numerous benefits, the bamboo industry faces challenges
due to its restricted availability and the resulting supply chain
issues.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This bamboos market report extensively covers market
segmentation by
- Application
- 1.1 Industrial products
- 1.2 Furniture
- 1.3 Raw material
- 1.4 Shoots
- 1.5 Others
- Type
- 2.1 Tropical
- 2.2 Herbaceous
- 2.3 Temperate
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Industrial products- The bamboo industry
encompasses a diverse range of applications, making it a valuable
alternative to traditional raw materials like cotton and synthetic
fabrics, as well as hardwoods. Bamboo's unique properties,
including its strength, flexibility, and sustainability, position
it as an ideal wood substitute in various sectors. In construction
and architecture, bamboo is utilized for scaffolding, bamboo poles,
and structural components, offering eco-friendly solutions for
timber substitutes. The bamboo industry also caters to the
production of bamboo products, such as furniture and interior
design items, which are renowned for their durability and natural
aesthetic appeal. Bamboo is a multi-purpose forest product, with
applications extending to agricultural equipment, food, weaponry,
processed bamboo, bamboo edible shoots, and raw bamboo.
Additionally, bamboo is used in pulp and paper production,
handicrafts, cottage industries, personal care, hygiene items,
masks, carbon dioxide and oxygen production, and lightweight
transportation materials. Bamboo's fast growth rate, lightweight
nature, and versatility contribute to its widespread use as a wood
substitution in industries, reducing deforestation and promoting
sustainable practices. Despite the increasing demand for bamboo,
bamboo farming and bamboo plantations remain essential for ensuring
a steady supply of raw materials for the bamboo industry.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data (2017 -
2021) - Download a Sample Report
Research Analysis
During peak harvesting seasons, cultivators across the globe
focus on bamboo cultivations. The harvested bamboo undergoes
various processes, transforming it into valuable products. As a
wood substitute, bamboo is extensively used in furniture, hardwood
flooring, decking, and other applications. Its lightweight nature
makes it an ideal choice for pulp and paper production. In the
realm of agriculture, bamboo serves as a crucial component in food
production and weaponry. Processed bamboo, including bamboo edible
shoots and raw bamboo, is a significant contributor to the market.
Bamboo's versatility extends to pulp and paper, landscaping,
construction, and architectural designs, offering aesthetic appeal
despite harsh weather conditions and natural disasters.
Transportation and the replacement of hardwood in various
industries further fuel the market's growth.
Market Research Overview
The Bamboo Market encompasses a diverse range of products
derived from the versatile Bamboo plant. These include flooring,
furniture, musical instruments, textiles, and even construction
materials. Harvested sustainably, Bamboo offers numerous benefits
such as durability, strength, and eco-friendliness. Its seeds are
also used in various culinary applications. The production process
involves cutting, treating, and shaping the bamboo to create the
desired products. The market for these items is growing steadily
due to increasing awareness of sustainable living and the unique
properties of bamboo. The industry is also driven by the demand for
cost-effective and aesthetically pleasing alternatives to
traditional materials.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Industrial Products
- Furniture
- Raw Material
- Shoots
- Others
- Type
-
- Tropical
- Herbaceous
- Temperate
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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