Bamboos Market size was over USD 62 Billion in 2023 and is poised to exceed USD 104.3 Billion by the end of 2036, witnessing over 4.08% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bamboos is assessed at USD 65 Billion.
Bamboo is commonly used in construction for many purposes; for instance, in the construction of extra equipment, flooring, and any other part of construction. Therefore, the increase in the trend of construction activities is creating a positive impact on the growth of the bamboos market. Referring to the properties of mechanical characteristics, the tensile strength of the bamboo is in the range of from 70 MPa to 210 MPa while the compressive strength range between 20 MPa to 65 MPa, the elastic modulus is from 2500 to 17500 MPa, and modulus of rupture from 50 to 200 MPa. Thus, bamboo can be used in construction in different forms given its versatility when being used for construction purposes.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
4.08% |
Base Year Market Size (2023) |
USD 62 billion |
Forecast Year Market Size (2036) |
USD 104.3 billion |
Regional Scope |
|
Application (Raw Material, Industrial Products, Furniture, Shoots)
Furniture segment is expected to dominate bamboos market share of around 32% by the end of 2036. Currently, the market has many demanding consumers who are embracing environment-friendly furniture and bamboo fulfills this requirement. Most types of bamboo are incredibly renewable, so using them in the production of furniture helps save fellow woods and other unsustainable ones. Bamboo is a popular material for making furniture because it is decent and can sustain great stress. Such furniture can include chairs, tables, bed frames, cupboards, and any piece of furniture you might think of.
Furniture made from bamboo has an indigenous outlook, which is natural and has an ergonomic feel. For 2022, Indonesia exported bamboo furniture to France worth around USD 307 thousand. Australia was the second largest destination country of Indonesia’s bamboo furniture export market with export value up to USD 217 thousand. This appeal is quite evident in the furniture segment in which people are interested in items that will give some elegance to their homes. Today, more and more people prefer bamboo furniture, using it for commercial, for example, hotels, offices, and more.
Construction (Scaffolding, Housing, and Roads)
In bamboos market, scaffolding segment is projected to dominate revenue share of around 48% by the end of 2036. Because of the enormous use of bamboo in construction industries, the segment of scaffolding has occupied the largest market share. Bamboo scaffolding is widely used in such a region as Asia since they use it when constructing roads, bridges, buildings, and everything else. Bamboo scaffolding is most popular since it is strong and durable and since it is obtained naturally is renewable. In the same way, by-products in the manufacturing and construction of the bamboo industry and rising green solutions needed bamboo scaffolding.
Other varieties of bamboo are commonly used to construct scaffolds, including Kao Jue and Mao Jue. While further studying the specifications of Kao Jue and Mao Jue, it is stated that the length of both is 6 meters. The dimension of Kao Jue should have an external diameter of not less than 40mm while Mao Jue’s dimension should not be less than 75mm. Mao Jue should also have a use limit of thickness being at least 10mm for it to be used in the construction of the scaffold.
Our in-depth analysis of the bamboos market includes the following segments:
Application |
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Construction |
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End Use |
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North American Market Statistics
By 2036, North America region in bamboos market is projected to capture over 32% revenue share. This market share is because of the increased awareness of the possibilities of using bamboo not as a simple vegetable but as its growing shoots and other features of using the older canes in gardening, home building, etc. This region for instance has risen to a significant center for furniture production and processing and thus the need to harvest bamboo products. While seeing higher yields of bamboo production by farmers in the region, is set to drive investment opportunities for bamboo to enhance the industry in the future years.
The United States plays a crucial role in the global bamboos market, driven by the growing demand for sustainable products and the increasing adoption of bamboo in various industries. Chinese exports of bamboo in the United States economy are foreseen to be USD 10.6 million annually.
APAC Market Analysis
The Asia-Pacific region will also encounter huge growth for the bamboos market during the forecast period and will hold the second position. This regional growth can be attributed to the wide use of bamboo in the paper and pulp industry and construction area. The fact that bamboo is grown in most countries that are key consumers such as China, India, and Japan, is what propels the region's dominance.
Moreover, the load of bamboo in the Asia-Pacific region would increase, as society becomes more conscious of green products and bamboo finds its use in a multiplicity of objects such as indoor and outdoor furniture and landscaping. It was discovered that the Asia-Pacific region is responsible for consuming a greater part of the bamboo consumed in the global market with areas of application ranging from construction to paper and pulp industries.
Holding over half of the global bamboos market, China undoubtedly has an influential role in improving Asia Pacific’s situation. Many bamboo are produced and used in China, with the tally exceeding 40 million tons of output. Thus, the Chinese industry of bamboo is among the largest employing over 35 million people.
The fueling aspect of this market also includes the indulgence of industries that provide the best quality bamboo products to their consumers. The indulgence of a skilled workforce, apt use of technology, and nature's goodness bring out the desired results. The following are the major players in the bamboo industry:
Author Credits: Parul Atri
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