Bamboos Market Size, Share & Trends Analysis Report, By Application (Raw Materials, Industrial Products, Furniture, Shoots), By Region, And Segment Forecasts, 2019 - 2025

Report Overview

The global bamboos market size was valued at USD 68.8 billion in 2018 and is expected to grow at a CAGR of 5.0% from 2019 to 2025. 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 growth 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 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, cultivation of bamboos offer carbon fixation, controls soil erosion, and purifies the environment.

Similarly, rattan palms are grown mostly in tropical rainforests. It is light-weight, durable, and relatively flexible in nature. Further, it can be cultivated with other tree covers including fruit orchards and rubber estates that proves 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, as well as 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 by nature 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, drive the market growth over the forecast period.

However, the usage of toxic chemicals in the processing of processed bamboos and rattan products including furniture, flooring, and pulp & 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.

Application Insights

Bamboos and rattan are used in manufacturing of various processed products such as industrial products and furniture. In 2018, bamboo and rattan applications in the industrial segment witnessed significant growth and captured over 20% of the overall market share. These applications primarily include plywood, flooring, and pulp & paper, among others.

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 responsible for the shoots segment holding a substantial market share in 2018.

Regional Insights

In 2018, Asia Pacific bamboos market accounted for over 60% of the revenue share 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- & small-scale manufacturers to manufacture processed bamboo products.

Furthermore, Middle East & Africa is projected to grow at a substantial rate over the forecast period, on account of 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 & granaries. It is also widely used as raw material by rural populations in the manufacture of handicrafts, woven products, and baskets.

Key Companies & Market Share Insights

The bamboos market is characterized by intense competition with the presence of several international and local players across different parts of the world. Predominant local players include Jiangxi Feiyu Industry Co. Ltd., Moso International B.V., Kerala State Bamboo Corporation Ltd., and Shanghai Tenbro Bamboo Textile Co. Ltd., among others.

The consumer awareness towards 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.

Bamboos Market Report Scope

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 from 2014 to 2025 in each of the sub-segments. For this study, Grand View Research has segmented the global bamboos market report based on application and region:

• Application Outlook (Revenue, USD Billion, 2014 - 2025)

  • Raw materials

  • Industrial products

  • Furniture

  • Shoots

  • Others

• Regional Outlook (Revenue, USD Billion, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

    • France

    • Italy

    • Benelux

  • Asia Pacific

    • China

    • India

    • Japan

    • Indonesia

    • Vietnam

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa