GVR Report cover Bamboos Market Size, Share & Trends Report

Bamboos Market Size, Share & Trends Analysis Report By Application (Industrial Products, Shoots, Furniture, Raw Materials), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2021 - 2028

  • Report ID: GVR-2-68038-819-0
  • Number of Pages: 103
  • Format: Electronic (PDF)

Report Overview

The global bamboos market size was valued at USD 53.28 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. Growing investments focused on infrastructure development, increasing use of sustainable building/ construction resources, and rising consumer awareness regarding the uses and benefits of bamboos are expected to drive the market over the forecast period. Bamboos and rattan provide several environmental, economic, and social benefits to society. Bamboo is a sustainable resource that can grow under a range of climatic conditions, but preferably in a tropical climate. It provides approximately 35% more oxygen and absorbs 40% more carbon dioxide as compared to trees, which results in a substantial improvement in the air quality. Further, the cultivation of bamboos offers carbon fixation, controls soil erosion, and purifies the environment.

China bamboos market size, by application, 2018 - 2028 (USD Billion)

Similarly, rattan palms are grown mostly in tropical rainforests. It is lightweight, durable, and relatively flexible. Further, it can be cultivated with other tree covers including fruit orchards and rubber estates that proves the cultivation of rattan as an additional source of income to the farmers.

Cultivation of bamboo and rattan provides an economically viable means towards eradicating poverty from rural societies and helps people to sustain and support their livelihood. A majority of Asian countries such as China, India, and Japan and African countries such as Ghana, Nigeria, and Cameroon are promoting the cultivation of bamboos and rattan.

Bamboos and rattan are increasingly becoming a preferred choice over timber as they are easier to harvest, transport, and are relatively affordable. They are water-resistant and offer high durability. These benefits result in the sustainable use of bamboos and rattan in applications, such as furniture, shelter, and handicraft products. Bamboo and rattan are also used to produce flooring, charcoal, mats/screens, and woven products. Therefore, a vast range of commercial applications is anticipated to boost the sales of bamboos products and subsequently fuel the market growth over the forecast period.

The usage of toxic chemicals in the processing of processed bamboos and rattan products including furniture, flooring, and pulp and paper escalates the introduction and implementation of stringent laws and regulations. The intrusion of such regulations may negatively impact the long-term supply, cost, and sales of bamboos and rattan products. These factors are expected to challenge the market growth over the forecast period.

In addition, the global outbreak of COVID-19 negatively impacted the market growth in terms of production and consumption. The market for bamboos witnessed a weak demand for bamboo products owing to the nationwide lockdown that restricted the public movement affecting the consumption of bamboo products across the globe.

Asia Pacific is the largest producer of bamboos and the repercussion of the pandemic was severely felt in the countries including India, Indonesia, Vietnam, and China. Strict lockdown and border closure halted the operations of manufacturing companies, thereby affecting the bamboo export as the region is the highest bamboos product distributor across the globe.

Application Insights

In 2020, the industrial products segment dominated the market and captured a revenue share of over 35.0%. Bamboos and rattan are used in the manufacturing of various processed products, such as industrial products and furniture. These applications primarily include plywood, flooring, and pulp and paper.

Global bamboos market share, by application, 2020 (%) 

Bamboos and rattan are also used in the form of shoots, primarily for medicinal purposes. Bamboo shoots offer health benefits that aid in digestion, spiritual healing, promote mental alertness, and can be used to treat depression and respiratory diseases, among others. Rattan also possesses anti-cancer and anti-inflammatory properties. These factors are expected to fuel the shoots segment growth over the forecast period.

Regional Insights

In 2020, Asia Pacific accounted for the largest revenue share of over 75.0% and is expected to witness the highest growth over the forecast period. Nowadays, several government policies focus on promoting bamboo and rattan cultivation to drive sustainable income for farmers.

These government policies are anticipated to present new avenues for market growth. For instance, in December 2017, the Indian Parliament passed a bill to declassify bamboo as a tree, thereby creating lucrative growth opportunities for mid-and small-scale manufacturers to manufacture processed bamboo products.

Furthermore, the Middle East and Africa are projected to grow at a substantial rate over the forecast period on account of the increasing government initiatives for maximizing the production of bamboos and rattan, which, in turn, creates employment for people. Local communities in African countries widely use bamboos and rattan for establishing constructions and granaries. It is also widely used as a raw material by rural populations in the manufacturing of handicrafts, woven products, and baskets.

Key Companies & Market Share Insights

The market is characterized by intense competition with the presence of several international and local players across different parts of the world. Consumer awareness regarding the use of sustainable products concerning environmental protection is growing over some time. This mandates manufacturers to adhere to strict regulations certifying sustainable sources for processed bamboo and rattan products. In order to tackle the intensifying competition, manufacturers are also focusing on structuring efficient supply chains. Some prominent players in the global bamboos market include:

  • MOSO International B.V.

  • Bamboo Australia Pty. Ltd.

  • Bamboo Village Company Limited

  • EcoPlanet Bamboo

  • China Bamboo Textile Company Limited

  • Southern Bamboo Inc.

  • Dasso Industrial Group Co., Ltd.

  • Smith & Fong Co. Inc.

  • Anji Tianzhen Bamboo Flooring Co. Ltd.

  • Bamboo Bio Composites Sdn Bhd

  • Shanghai Tenbro Bamboo Textile Co. Ltd.

  • Kerala State Bamboo Corporation Ltd.

  • Jiangxi Feiyu Industry Co. Ltd.

Bamboos Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 57.86 billion

Revenue forecast in 2028

USD 82.90 billion

Growth Rate

CAGR of 5.7% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country Scope

U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Benelux; China; Japan; India; Indonesia; Vietnam; Brazil

Key companies profiled

MOSO International B.V.; Bamboo Australia Pty. Ltd.; Bamboo Village Company Limited; EcoPlanet Bamboo; China Bamboo Textile Company Limited; Southern Bamboo Inc.; Dasso Industrial Group Co., Ltd.; Smith & Fong Co. Inc.; Anji Tianzhen Bamboo Flooring Co. Ltd.; Bamboo Bio Composites Sdn Bhd; Shanghai Tenbro Bamboo Textile Co. Ltd.; Kerala State Bamboo Corporation Ltd.; Jiangxi Feiyu Industry Co. Ltd.

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Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global bamboos market report on the basis of application and region:

  • Application Outlook (Revenue, USD Million, 2017 - 2028)

    • Raw Materials

    • Industrial Products

    • Furniture

    • Shoots

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Benelux

    • Asia Pacific

      • China

      • Japan

      • India

      • Indonesia

      • Vietnam

    • Central & South America (CSA)

      • Brazil

    • Middle East & Africa (MEA)

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