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| Report Code: A16305 | May 2022 | Pages: 187 | ||
| Tables: 114 | Charts: 54 |
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The global bamboos market size was valued at $65.8 billion in 2021, and is projected to reach $99.8 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031. Bamboos are evergreen perennial flowering plants, belonging to the subfamily, Bambusoideae of the grass family, Poaceae. It comprises of woody rings around its hollow stem, which makes it strong as well as light in weight. Furthermore, different species of bamboo can have heights ranging from few centimeters to above 50 meters.
The bamboos market was hampered during the outbreak of COVID-19 pandemic, owing to disruption of global supply chain. In addition, restrictions on construction and industrial activities, reduced the demand for bamboos.
The global population and urbanization is rising at a significant rate. This has increased the number of construction activities. Bamboos are widely used in the construction sector for multiple applications, such as for building excess equipment, flooring solutions, and other building components. Thus, the rise in trend of construction activities is fostering the growth of the bamboos market. In addition, the rise in the e-commerce industry has significantly contributed to the growth of paper and board packaging demand. This has surged the use of bamboos, as they are one of the major sources for extracting pulp and fiber, which are used for manufacturing paper and board. In addition, the easy availability of bamboos across all the tropical regions has remarkably added to the growing demand for bamboos. Also, upsurge in gardening activities, especially in North America and Europe regions has shown a noteworthy positive influence on the demand for cold climate bamboos. Moreover, bamboo is also a great source of food in many regions. For instance, countries such as Japan and South Korea consume shoot, which is an edible part of the bamboo’s root. One of the edible bamboo products, known as bamboo salt is also witnessing a huge demand globally, owing to its medicinal benefits. Such developments are anticipated to positively influence the bamboos industry.
Major players in the industry have focused on development of new manufacturing technologies that can build new and better bamboo-based construction components. For instance, in March 2022, Dasso Group, a leading provider of bamboo-based construction components, established a new system to produce bamboo decking longer than 6ft. Furthermore, in June 2020, MOSO International BV, a Netherland-based manufacturer of bamboo-based construction components, acquired Bambeau Becker & Großgarten GmbH based in Germany. This acquisition is expected to enable MOSO to enhance its market reach in different regions having high demand of bamboo products in construction.
The novel coronavirus (COVID-19) rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted the production of many components of bamboo products due to lockdown. The economic slowdown initially resulted in reduced spending on various bamboo-based products by industrial and commercial users. These factors hampered the bamboos market growth. However, owing to the introduction of various vaccines, the severity of COVID-19 pandemic has significantly reduced. As of mid-2022, the number of COVID-19 cases have significantly reduced. This has led to the full-fledged reopening of bamboo-based products manufacturing companies at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
Furthermore, increased global tourism has significantly boosted the number of hospitality buildings, such as hotels and resorts across the globe, especially in tropical regions, such as Mexico, Indonesia, Vietnam, and others. Owing to the fact that bamboo significantly enhances the elegance and curb appeal of resorts, many resort owner spend considerably on bamboo-based products. In addition, bamboos are also used for making decorative items. Such key factors drive the growth of the bamboos market
The bamboos market is segmented into species, application and region. By species, the market is categorized into moso bamboo, bambusa vulgaris, and others. On the basis of application, it is categorized into gardening, furniture, construction, industrial, food, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the bamboos market share in 2021, accounting for the highest share, and is anticipated to maintain this trend during the forecast period. This is attributed to increase in cultivation of bamboos in the region.
Competition Analysis
Key companies profiled in the bamboos market forecast report include, Anji Tianzhen Bamboo Flooring Co. Ltd., BambooVision, Bamboo Australia Pty Ltd., Bamboo Village Company Limited, Dasso Group, EcoPlanet Bamboo, Kerala State Bamboo Corporation Limited, Moso International BV, Simply Bamboo Pty Ltd., and Smith & Fong Company.
Bamboos Market Report Highlights
| Aspects | Details |
|---|---|
| By Species |
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| By Application |
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| By Region |
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| Key Market Players | Anji Tianzhen Bamboo Flooring Co. Ltd., Moso International BV, Kerala State Bamboo Corporation Limited, BambooVision, Simply Bamboo Pty Ltd, Smith & Fong Company, EcoPlanet Bamboo, Bamboo Australia, Bamboo Village Company Limited, Dasso Group |
The bamboos market has witnessed significant growth in past few years, owing to surge in spendings on bamboo-based products.
The rise in construction activities, especially in developing countries, such as India, China, Brazil, and Vietnam have fueled the demand for bamboos. Furthermore, increase in demand for paper and board packaging solutions, owing to the rise in e-commerce industry is significantly contributing to increased demand for bamboos from industrial users. The bambusa vulgaris specie of bamboo is extensively used for industrial and commercial applications, while moso bamboos are used extensively in manufacturing of flooring solutions. In addition, many health benefits of bamboo, in the form of food or ointment, is also contributing notably towards the growth of the bamboos market.
Moreover, increase in awareness towards environment protection is leading to the large-scale adoption of bamboo-based products. This is anticipated to provide lucrative opportunities for the bamboos market growth.
A. Bamboos are being extensively used in industries such as construction, furniture manufacturing and paper and pulp.
A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
A. Asia-Pacific is the largest market for bamboos.
A. $65,829.6 Million is the estimated industry size of Bamboos in 2021.
A. Anji Tianzhen Bamboo Flooring Co. Ltd., BambooVision, Bamboo Australia Pty Ltd., Bamboo Village Company Limited and Dasso Group are some of the top companies to hold the market share in Bamboos.
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