The global bamboos market size is expected to reach USD 82.90 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.7% from 2021 to 2028. A broader scope of application of bamboos in domestic as well as commercial applications, such as furniture, fabric, food, biofuel, pulp and paper, charcoal, and cloth, is expected to pose high growth potential for the market.
Asia Pacific accounted for almost 80% of the global bamboo product trade in 2020 owing to the high influence from China, which accounted for almost 71% of the world’s export of bamboo products. North America, Central, and South America, and Europe have also emerged as the significant traders of bamboo products in recent years owing to the presence of indigenous bamboo species in Brazil, Mexico, Ecuador, Chile, and the Dominican Republic.
Bamboo is an inexhaustible category of grass that can be cut 5 fold faster than trees and also absorbs 30% more carbon dioxide when compared with wood. Thus, the emergence of sustainability trends, especially increasing focus on environmentally neutral building materials, is expected to drive the market for bamboos over the forecast period.
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The industrial products application segment accounted for the largest revenue share of over 35.0% in 2020 owing to the broad range of applications in modern-day food and biobased industries, such as dietary fiber food additives
The shoots application segment emerged as the second-largest segment in 2020 as bamboo shoots are considered an important health food as they contain amino acids, high proteins, vitamin A, vitamin B6, vitamin E, niacin, and thiamine
The furniture application segment is expected to register a CAGR of 5.0% over the forecast period owing to the emerging trend of sustainable interior designs in the environmentally neutral or green buildings
Asia Pacific dominated the market with a revenue share of over 75.0% in 2020 owing to the highly concentrated production of bamboos in Asia Pacific economies, especially China
Industry participants are expanding the domestic production of bamboos in Non-Asia Pacific economies to cater to the domestic demand and reduce reliance on imports from China or other high production economies
Grand View Research has segmented the global bamboos market on the basis of application and region:
Bamboos Application Outlook (Revenue, USD Million, 2017 - 2028)
Bamboos Regional Outlook (Revenue, USD Million, 2017 - 2028)
Central & South America
Middle East & Africa
List of Key Players of Bamboos Market
MOSO International B.V.
Bamboo Australia Pty. Ltd.
Bamboo Village Company Limited
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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