Bamboo is a hardy plant which basically belongs to the family of grass. Giant bamboo is believed to be the largest member among the grass family. They are recognized as one of the fastest growing plants globally because of the rhizome-dependent system. This kind of plant can be observed in almost all the continents. And the most amazing thing is that bamboos don’t require specific conditions for their growth. Their growth is possible in diverse climates and conditions.
Its growth is comparatively fast and it also gets spread quickly across large areas. It is similar to grass. Bamboo has a hollow stem and rapid growth. When the bamboo is being cut, what happens is it launches new shoots that get replaced by those which have been cut off. And within five years, those shoots get mature. It is regarded as one of the most valuable non-timber forest resources across the globe. Bamboo is called as the most useful plant. Throughout Asia, bamboo is valued for its abundance and usefulness. In China, bamboo is known as “friend of the people.” Whereas, when we talk about Americans, it has been noted that they have never relied on bamboo like Asians, they mostly prefer to landscape with bamboo.
Day-by-day, new innovations are being made by the landscapers, landscape designers and homeowners regarding the special qualities of ornamental bamboo. This has resulted in much higher prices, and in some places, it has even led to a shortage of quality plants. As bamboo is quite hardy, homeowners mostly prefer it as it doesn’t need much maintenance to be done timely. Simultaneously, the trend towards using more renewable and sustainable material like bamboo is also rising continuously.
When compared with other hardwood species, it can be observed that bamboo is the one which is extremely renewable. It has been noted that bamboos have cultural and economic significance in the regions of South East Asia, South Asia and East Asia, because they are used as a food source, building material as well as a versatile raw product. Good quality bamboo is much stronger than steel and therefore, it is deployed as weaponry and building material. Market size on the basis of application spans Non-residential, Housing, Pulp, Rural usage, and Packing (which includes basket, furniture, transport and other wood working industries).
Development of end use industries like paper, building, construction, textile and wood come under the prominent factors that are actually compelling the bamboo market globally. Moreover, the medical sector is also simultaneously contributing to the overall demand for bamboo owing to a number of medicinal uses. Bamboos are utilized in the production of pulp and paper, scaffolding bridges, mat, baskets and brooms, home furnishing, fuel and packaging.
As per the medicinal uses of bamboo are concerned, they include acetylcholine which is found in bamboo in high levels. They play a major role as a neurotransmitter in humans and animals. Geographical market size spans North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East and Africa. It is likely that Asia Pacific and China will come up as the fastest and largest growing economies for the bamboo market globally; the reason being rising demand from the building and construction sector in the particular region. It is said that the products of bamboo have a huge potential to boom in the markets of America and Europe. The prominent participants of the bamboo industry includeNative KONBAC, TENBRO, and VEDHA.
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