Brazil is positioning itself as a key player in the global bamboo market, with the sector projected to grow at a CAGR of 8.6% between 2024 and 2034, reaching USD 1,435.8 million by 2034. The country's investments in bamboo align with its broader policies for sustainable development, leveraging the crop's eco-friendly attributes and diverse applications to drive economic growth while supporting environmental conservation.
NEWARK, DE / ACCESS Newswire / January 16, 2025 / The global bamboo market is projected to achieve sales of USD 7,245.60 million in 2024, with demand expected to surge at an impressive CAGR of 10.9% between 2024 and 2034. This robust growth trajectory is anticipated to drive the market to a valuation of USD 20,388.7 million by 2034. Increasing awareness of bamboo's sustainability, coupled with its versatile applications in construction, furniture, paper, textiles, and bioenergy, is fueling demand. Additionally, supportive government initiatives promoting eco-friendly materials and rising consumer preference for green products are key factors driving this market expansion.
Bamboo's demand in the construction of green buildings trends is increasing considerably. Furthermore, high adoption and demand for green buildings to promote the sustainability trend in developed economies are expected to elevate the market at a significant CAGR.
Awareness of various health benefits of bamboo and growing research and development in the healthcare sector is expected to derive various new application areas of bamboo in the medical field, this will create new opportunities for the bamboo market.
Future Market Insights has reviewed the market dynamics and recent industry trends to estimate the current market growth outlook for bamboo. The market has been estimated to witness a spike of 20 bps on half yearly growth outlook in H1 2023 as compared to earlier projected growth. This growth outlook is attributed to significant growth in the construction sector and adoption of sustainability.
Despite the significant demand for various applications, Government laws and regulations, and policies on ownership of resources and security have made it difficult for consumers and sellers to unlock the value of its abundant sources, which is expected to act as a restraint for the bamboo market.
What is the Major Challenge Faced by Bamboos Manufacturers?
According to IATA, airline carriers in Africa are estimated to deliver the weakest financial performance with a net loss of US$ 800 million, which can be attributed to civil conflict and disturbances being witnessed in the region. This, in turn, may stagnate the growth of the aviation industry. Which might indirectly impact the growth of the Bamboos market.
Moreover, due to low GDP, people and manufacturers operating in the aviation industry are less interested in the refurbishment of aircraft interiors and are also compromising on the quality of the interiors. This is the key factor that may hinder the growth of the Bamboos market.
What are the Opportunities Presenting Themselves to Bamboo Manufacturers?
Bamboos have immense potential to transform the rural/tribal economy of India and contribute to the sustainable development efforts of the country. However, it is governed by a web of forestry laws and policies, there are serious restrictions on its harvesting, farming, and transportation.
These governmental laws and regulations, along with the policies on ownership of resources and security, and lack of institutional mechanisms have made it difficult for consumers and sellers to unlock the value of its abundant sources
There are various regulations in India including Indian Forest Act, Forest Conservation Act, Forest Rights Act, etc. which are expected to act as restraints in the APEJ bamboo market.
Key Takeaways
The bamboo market is expanding due to growing demand for sustainable and renewable materials.
Asia-Pacific dominates the market, with North America and Europe showing strong growth potential.
Technological advancements have broadened bamboo's application across industries like construction, textiles, and energy.
Supportive government policies are encouraging bamboo cultivation and adoption.
Bamboo's role in carbon sequestration enhances its appeal as an environmentally friendly material.
"The bamboo market represents a pivotal shift towards sustainable development, underpinned by its versatility and eco-friendliness. Industries are increasingly leveraging bamboo's unique properties to create innovative and sustainable products. The market's future growth hinges on continued technological advancements and supportive policies promoting large-scale adoption. Regional players in Asia-Pacific, leveraging abundant resources and advanced processing capabilities, are set to dominate, while emerging markets in Africa and Latin America provide significant growth opportunities." says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Discover Detailed Findings in the Complete Report! https://www.futuremarketinsights.com/reports/bamboos-market
Regional Analysis
Asia-Pacific: The largest bamboo market globally, driven by significant cultivation in countries like China, India, and Indonesia. These countries lead in bamboo-based product manufacturing and exports.
North America: Increasing demand for sustainable products and green building materials drives growth in the region.
Europe: Adoption of bamboo in construction, textiles, and furniture is rising, supported by stringent environmental regulations.
Latin America and Africa: Emerging markets with untapped potential due to favorable climates for bamboo cultivation and increasing investment in agroforestry.
Countries |
Value CAGR (2024 to 2034) |
India |
11.7% |
China |
11.4% |
USA |
10.2% |
Brazil |
8.6% |
Indonesia |
8.5% |
Key Players in the Bamboo Market
Moso International BV
Shanghai Tenbro Bamboo Textile Co. Ltd.
Kerala State Bamboo Corporation Ltd.
Bamboo Australia Pty. Ltd.
Ecoplanet Bamboo
Smith & Fong Co. Inc.
Jiangxi Kangda Bamboo Ware Group Co. Ltd.
Fujian Jianou Huayu Bamboo Industry Co. Ltd.
Jiangxi Shanyou Industry Co. Ltd.
Tengda Bamboo-Wood Co. Ltd.
Higuera Hardwoods LLC
Dasso Industrial Group Co. Ltd.
Xingli Bamboo Products Company
China Bamboo Textile Company Ltd.
Bamboo Bio Composites Sdn Bhd
Southern Bamboo Inc.
Jiangxi Feiyu Industry Co. Ltd.
Terragreen LLC
Anji Tianzhen Bamboo Flooring Co. Ltd.
Key Segments of the Industry
By End-use Industry:
In terms of the End-use Industry, the sector is divided into Wood and Furniture, (Timber Substitute, Plywood, Mat Boards, Flooring, Furniture, Outdoor Decking) Construction, (Scaffolding, Housing, Roads), Food, Pulp & Paper, Textile, Agriculture, and Others (charcoal & handicrafts).
By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, Middle East and Africa (MEA), have been covered in the report.
Old Source: https://www.globenewswire.com/en/news-release/2022/04/19/2424698/0/en/Bamboos-Market-Expanding-At-A-CAGR-Of-10-8-And-To-Increase-A-Valuation-Of-US-12-204-5-Mn-By-The-End-Of-2029.html
Authored By
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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About Future Market Insights (FMI)
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