Bamboos Market Regional Analysis:
North American Market Insights
North America industry is expected to hold largest revenue share of 32% by 2035. 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 Insights
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.
