Bamboos Market Overview

The global bamboo market value was USD 61.52 Billion in 2021. This market is expected to grow at a CAGR, of 5% between 2023-2032.

Market growth is expected to be driven by increased infrastructure development and sustainable building/ construction materials, as well as consumer awareness regarding the benefits of bamboo. The benefits of bamboo and rattan are numerous. Bamboo can grow in almost any climate but is most effective in tropical regions. It is capable of absorbing 40% more carbon dioxide and 35% more oxygen than trees. This makes it a significant improvement to the quality of the air. Bamboos can be used to fix carbon and prevent soil erosion. They also purify the air.

Global Bamboos Market Analysis

Application Analysis

In 2021, the market’s industrial products segment was dominant and accounted for over 38% of the total revenue. Many processed products are made from bamboo and rattan, including industrial products and furniture. These products include flooring, plywood, pulp, and paper. Also, bamboo and rattan can be used as shoots, primarily to treat ailments. Bamboo shoots are known for their health benefits. They can help with digestion, spiritual healing, and mental alertness. They can also be used to treat respiratory diseases and depression. Rattan is also anti-cancer as well as anti-inflammatory. These attributes are expected to boost the growth of the shoots sector over the forecast time.

End-Use Analysis

In terms of volume and value, the pulp & paper segment will hold a large market share. Food (bamboo shoots), however, will only have a small market share. The demand for bamboo in the pulp & paper industry is expected to be driven mainly by the Asia-Pacific market due to the surge in paper & pulp demand and is supported by the environmental-friendly raw materials utilization.

By 2032, the construction segment will have a significant revenue percentage in the global bamboo industry. Bamboo is extremely light and strong, especially in comparison to steel. Bamboo is used extensively in construction, fencing, bridges, boats, fishing, cutting boards, and other uses. Wood and Furniture are expected to shift towards high-growth-moderate market value due to the growing demand for bamboo-based furniture.

Key Market Segments

By Application

• Industrial Products
• Raw Materials
• Shoots
• Furniture
• Other Applications

By End-Use

• Wood & Furniture
• Food
• Construction
• Pulp & Paper
• Other End-Uses

Market Dynamics

Rattan palms can also be found in tropical rainforests. It is light and durable and can be used in a variety of ways. You can grow it with rubber estates and fruit orchards to increase the income of the farmers. The cultivation of rattan and bamboo is an economically viable method to eliminate poverty in rural communities. It also helps people sustain their livelihood. Most Asian countries, including China, India, and Japan, as well as African countries like Ghana, Cameroon, and Nigeria, are encouraging the cultivation of bamboo.

Bamboo and rattan have been gaining popularity as better alternatives to timber. They are also easier to harvest, transport, and maintain, and they are more affordable. They are resistant to water and have a long life expectancy. They are water-resistant and durable, which makes them suitable to be used in furniture, shelter, and handicraft items. Bamboo and rattan can also be used for flooring, charcoal, mats/screens, and weaving products. The market is set to grow over the next few years due to a wide variety of commercial uses for bamboo products.

Stringent regulations and laws are being implemented to prevent the use of toxic chemicals in the manufacturing of bamboo and other rattan products. This may have negative effects on long-period supply, price, and sales of rattan, and bamboo products. These factors are likely to limit the market growth in the future.

Additionally, the global spread of COVID-19 has had a negative impact on market growth. The nationwide lockdown which prevented the public from moving around and limited the availability of bamboo products in the global market led to a decrease in bamboo product demand.

The Asia Pacific is Asia Pacific’s largest bamboo producer. The pandemic repercussions were felt in India, Indonesia, China, and Vietnam. As the top bamboo product distributor in the world, the strict lockdown, and closure of the borders halted manufacturing operations.

Regional Analysis

The Asia Pacific had the largest revenue share at 68% in 2021 and will see the most growth over the forecast period. To ensure farmers have sustainable income, a number of government policies are promoting bamboo and Rattan cultivation. These new government policies should open up new opportunities for market growth. The Indian Parliament, for instance, passed a bill to remove bamboo from the tree classification. This will create lucrative growth opportunities for small and mid-sized producers who want to make processed bamboo products.

Due to the government’s increasing efforts to maximize bamboo and other rattan production, Africa and the Middle East are expected to grow at a significant rate during the forecast period. This is because it creates jobs. Many communities in Africa use bamboo, rattan, and other materials to make granaries and construct structures. It is used extensively by rural communities in the production of handicrafts and woven products as well as baskets.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

There is intense competition in the market, with many local and international players. There is a growing awareness among consumers regarding the importance of environmentally-friendly products. Manufacturers are required to comply with strict regulations that certify sustainable sources of processed bamboo and Rattan products.
To combat intensifying competition, manufacturers also focus on structuring efficient supply chain structures.

Market Key Players:

• Smith & Fong Co. Inc.
• MOSO International B.V.
• Bamboo Village Company Limited
• Bamboo Australia Pty. Ltd.
• China Bamboo Textile Company Limited
• EcoPlanet Bamboo
• Dasso Industrial Group Co. Ltd.
• Southern Bamboo Inc.
• Other Key Players

For the Bamboos Market research study, the following years have been considered to estimate the market size: