The global bamboos market size was valued at $65,829.6 million in 2021, and is projected to reach $99,761.1 million by 2031, registering a CAGR of 4.1% from 2022 to 2031. Bamboo is a forest product and the tallest species of grass. It is highly versatile, owing to the fact that it is not only flexible but also has high tensile strength as compared to other trees and plants. Along with this, its hollow and round structure prevents it from bending above a certain limit as well as makes it light in weight.
Bamboos are available in a wide variety. Some are very tall and have considerably high strength, while some are smaller in lengths and are considerably more flexible. Such features of bamboos make them highly desirable for various industrial and construction applications.
The rise in consumer interest in gardening activities has significantly increased demand for bamboos from residential users. In addition, rise in urban population has notably increased the demand in construction sector, thereby; boosting demand for bamboos for manufacturing support and excess equipment. However, surge in popularity of artificially-made inexpensive and readily available alternatives of bamboo, such as plastic and metal are the major restraint in the growth of the market. Furthermore, development in e-commerce industries and rise in disposable income are anticipated to provide lucrative opportunities for the growth of the market.
The bamboo market is segmented on the basis of species, application, and region. By species, the market is categorized into moso bamboo, bambusa vulgaris, and others. On the basis of application, it is categorized into gardening, furniture, construction, industrial, food, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies, such as product launch to strengthen their market outreach and sustain the stiff competition in the market
Key companies profiled in the bamboos market report include, Anji Tianzhen Bamboo Flooring Co. Ltd., BambooVision, Bamboo Australia Pty Ltd., Bamboo Village Company Limited, Dasso Group, EcoPlanet Bamboo, Kerala State Bamboo Corporation Limited, Moso International BV, Simply Bamboo Pty Ltd., and Smith & Fong Company.
Bamboos are available in a wide variety. Some are very tall and have considerably high strength, while some are smaller in lengths and are considerably more flexible. Such features of bamboos make them highly desirable for various industrial and construction applications.
The rise in consumer interest in gardening activities has significantly increased demand for bamboos from residential users. In addition, rise in urban population has notably increased the demand in construction sector, thereby; boosting demand for bamboos for manufacturing support and excess equipment. However, surge in popularity of artificially-made inexpensive and readily available alternatives of bamboo, such as plastic and metal are the major restraint in the growth of the market. Furthermore, development in e-commerce industries and rise in disposable income are anticipated to provide lucrative opportunities for the growth of the market.
The bamboo market is segmented on the basis of species, application, and region. By species, the market is categorized into moso bamboo, bambusa vulgaris, and others. On the basis of application, it is categorized into gardening, furniture, construction, industrial, food, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies, such as product launch to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the bamboos market report include, Anji Tianzhen Bamboo Flooring Co. Ltd., BambooVision, Bamboo Australia Pty Ltd., Bamboo Village Company Limited, Dasso Group, EcoPlanet Bamboo, Kerala State Bamboo Corporation Limited, Moso International BV, Simply Bamboo Pty Ltd., and Smith & Fong Company.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging bamboos market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key Market Segments between 2020 and 2030.
- Extensive analysis of the bamboos market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global bamboos market forecast analysis from 2022 to 2031 is included in the report.
- The key market players within bamboos market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the bamboos industry.
Key Market Segments
By Species
- Moso bamboo
- Bambusa vulgaris
- Others
By Application
- Gardening
- Furniture
- Construction
- Industrial
- Food
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- U.K.
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Anji Tianzhen Bamboo Flooring Co. Ltd.
- BambooVision
- Bamboo Australia
- Bamboo Village Company Limited
- Dasso Group
- EcoPlanet Bamboo
- Kerala State Bamboo Corporation Limited
- Moso International BV
- Simply Bamboo Pty Ltd
- Smith & Fong Company
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BAMBOOS MARKET, BY SPECIES
CHAPTER 5: BAMBOOS MARKET, BY APPLICATION
CHAPTER 6: BAMBOOS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Bamboos Market,' the bamboos market size was valued at $65.8 billion in 2021, and is estimated to reach $99.8 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.Bamboos are very versatile forest products and are extensively used for producing various consumer and industrial products. In addition, the increased focus of governments in cultivating bamboos in their respective countries is expected to drive demand for bamboos across different industries.
Commonly observed species of bamboos are moso bamboos, bambusa vulgaris, and few others. Among these, the bambusa vulgaris segment accounted for the highest market share in 2020, owing to surge in demand from various end-user industries. The bamboos market is mainly driven by rise in construction activities and growth of paper and pulp industries. Bamboo-based furniture industries are also positively influencing the bamboos industry. However, increase in popularity of cheaper alternatives to bamboo-based products, such as plastic and metal products, constraints the growth of the market.
In 2020, Asia-Pacific dominated the global bamboos market, in terms of revenue, followed by LAMEA and North America. Moreover, the market in North America has grown with a significant CAGR, owing to growth in use of bamboos for gardening activities.
Furthermore, on the basis of application, the furniture segment is anticipated to grow rapidly, during the forecast period, owing to increased construction activities.
Key market players in the market are planting bamboos to meet the growing demand and increase boost their bamboos market share. For instance, in September 2020, the Kerala State Bamboo Corporation planted bamboo on a five acres of land in Malappuram, Kannur. Furthermore, Dasso Group, a bamboo-based construction components manufacturer, adopted the business expansion strategy to expand its business and meet the bamboo-based products demand in Zixi county of China.
However, during the COVID-19 pandemic lockdown, various manufacturers in the bamboos market had to stop their business in countries, such as China, the U.S., and India. This break directly impacted sales of bamboo-based products manufacturing companies. In addition, lack of manpower and raw materials constricted supply of bamboo and bamboo-based products; and has negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced, which is a positive indicator for bamboos market growth.
Key companies profiled in the bamboos market forecast report include Anji Tianzhen Bamboo Flooring Co. Ltd., BambooVision, Bamboo Australia Pty Ltd., Bamboo Village Company Limited, Dasso Group, EcoPlanet Bamboo, Kerala State Bamboo Corporation Limited, Moso International BV, Simply Bamboo Pty Ltd., and Smith & Fong Company.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging bamboos market trends and dynamics.
- Depending on type, the warm weather bamboos dominated the bamboos market, in terms of revenue in 2020 and the same segment is projected to grow at a significant CAGR during the forecast period.
- By application, construction segment registered highest revenue in 2020.
- LAMEA is projected to register highest growth rate in the coming years.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth bamboos market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- Anji Tianzhen Bamboo Flooring Co. Ltd.
- BambooVision
- Bamboo Australia
- Bamboo Village Company Limited
- Dasso Group
- EcoPlanet Bamboo
- Kerala State Bamboo Corporation Limited
- Moso International BV
- Simply Bamboo Pty Ltd
- Smith & Fong Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 187 |
| Published | May 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 65829.6 million |
| Forecasted Market Value ( USD | $ 99761.1 million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
