Bamboo Market Insights and Growth by 2031
The bamboo market size is projected to reach US$ 93.51 billion by 2031 from US$ 62.69 billion in 2023. The market is expected to register a CAGR of 5.1% during 2023–2031. The rising consumer awareness about sustainable, durable, and eco-friendly bamboo-based products is likely to remain a key trend in the market.
Bamboo Market Analysis
Bamboo is a plant known for its versatile industrial uses in construction, building materials, textiles, fodder, fuel, furniture, timber, food and pharmaceutical applications, and eco-friendly consumer goods. The different parts of bamboo, such as bamboo shoots, leaves, roots, bark, and rhizome, possess therapeutic and nutritional value. Bamboo is considered a substitute for wood in many industrial applications while contributing to the restoration of forests worldwide. Bamboo charcoal is utilized as a substitute for wood charcoal.
Bamboo Market Overview
Bamboo is a plant from the grass family that has broad applications. The application of bamboos in construction and textile industries provides eco-friendly and smart solutions to rural and developed communities. Bamboos are stiff and have good tensile strength. Bamboo fibers are used extensively in textile, paper and pulp, construction, interior, flooring, timber, and furniture applications. Bamboos are used for heavy-duty flooring and decking due to their hard and durable nature. Bamboo is environment friendly as it has high anti-radiation capacity and plays a significant role in air purification.
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Bamboo Market: Strategic Insights
Market Size Value in US$ 24.64 billion in 2022 Market Size Value by US$ 41.63 billion by 2028 Growth rate CAGR of 9.1% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Bamboo Market: Strategic Insights
| Market Size Value in | US$ 24.64 billion in 2022 |
| Market Size Value by | US$ 41.63 billion by 2028 |
| Growth rate | CAGR of 9.1% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Bamboo Market Drivers and Opportunities
Wide Scope of Application to Favor Market
The growing demand for bamboos is attributed to the increasing use of bamboos in construction and for developing green architecture and eco-friendly products. Owing to a rise in plastic waste and a shift in consumer preferences to eco-friendly products such as textiles, packaging and interior applications such as flooring and paneling, the demand for bamboo products has upsurged. Moreover, the excessive depletion of forest resources and seasonal depletion of trees have caused a shortage of forest-sourced wood. Therefore, various manufacturers in building materials, construction, and paper & pulp industries are opting for alternative solutions, such as bamboos, to replace wood and conserve forests.
Growth of the Construction Industry
Bamboo and bamboo-based products such as timber, panels, and boards are extensively used in the construction industry. Tensile strength and compressive strength of bamboo render it suitable for construction and building applications. Moreover, innovations in the utilization of bamboo as a building material resulted in the development of engineered bamboo products, such as laminated bamboo and bamboo scrimber char. Laminated bamboos can be utilized for building applications such as decking, flooring, cladding, partitions, doors, and window frames. Thus, bamboo products are also utilized in eco-friendly external and internal building applications.
Bamboo Market Report Segmentation Analysis
Key segments that contributed to the derivation of the bamboo market analysis is end user.
- Based on end user, the bamboo market is divided into wood & furniture, construction, bamboo shoots, pulp & paper, textile, agriculture, and others. Construction segment held a larger market share in 2023.
Bamboo Market Share Analysis by Geography
The geographic scope of the bamboo market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific is expected to register the fastest growth during the forecast period. The strong growth of the market in the region is due to the large-scale production of bamboo and a rise in demand for bamboos in the region. There is a high demand for bamboos in construction and industrial applications. Growing investment in green building and increasing initiatives by the Chinese government for cultivation of bamboos, are further expected to boost the demand for bamboos in China.
Bamboo Market Report Scope
Bamboo Market News and Recent Developments
The bamboo market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the bamboo market are listed below:
- In 2022, Libas Consumer Products Ltd launched of KNG, an organic innerwear brand made from bamboo. (Source: Libas Consumer Products Ltd, Press Release, May 2022)
Bamboo Market Report Coverage and Deliverables
The “Bamboo Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Bamboo market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Bamboo market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- bamboo market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the bamboo market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
MOSO International B.V., Dassogroup, Shanghai Tenbro Bamboo Textile Co., Ltd., Bamboo Village Company Limited, Xiamen HBD Industry & Trade Co., Ltd., Smith & Fong, Bamboo Australia, ANJI TIANZHEN BAMBOO FLOORING CO. LTD., Simply Bamboo PTY LTD., and Fujian HeQiChang Bamboo Product Co., Ltd.
Use of bamboo in construction of green building is likely to create key trend in the global bamboo market.
The global bamboo market is estimated to register a CAGR of 5.1% during the forecast period 2023–2031.
Increasing ban on plastics in various countries boost the demand for sustainable material such as bamboo. Also, various government initiatives taken to promot sustainable products are the major drivers imoacting the bamboo market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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