Bamboos Market Size & Share, Global Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Bamboos Market


The global Bamboos market size is projected to reach US$ 101.65 billion by 2026, from US$ 75.85 billion in 2020, at a CAGR of 5% during 2021-2026. Growing investments focused on infrastructure development, increasing use of sustainable building/ construction resources, and rising consumer awareness regarding 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 are 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.

Market Segmentation, Outlook & Viewpoint: Global Bamboos Market

Application Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Raw materials
  
Industrial products
  
Furniture
  
Shoots
  
Others

Key Players, Recent Developments & Regional Insights: Global Bamboos Market

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 in order to drive sustainable income for farmers. These government policies are anticipated to present new avenues for market growth. For instance, in December 2017, 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 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.

Bamboos 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.

Key Insights Covered: Global Bamboos Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Bamboos industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Bamboos industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Bamboos industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Bamboos industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Bamboos industry.

Research Methodology: Global Bamboos Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other