Extraordinary growth in demand for green construction especially across developed regions such as North America and Europe along with increased adoption of bamboos for construction is expected to propel the market valuation over the forecast period.
The global bamboos market would progress at a high double-digit CAGR during 2022 - 2029, reaching a mark of US$ 12 Bn in 2029, as projected by a new Future Market Insights (FMI) study. Ascending demand from key end-use industries such as paper & pulp, building & construction, textile, and wood is projected to primarily drive demand for bamboos.
Bamboo is a versatile multi-purpose forest produce and plays a vital role in the world’s domestic and industrial economies. Bamboo and bamboo-based products are used for a wide range of indoor and outdoor applications, owing to its abundance and versatility.
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Key Takeaways - Bamboos Market Study
Thriving penetration of green building technologies is supporting the demand for bamboos due to utilization in construction of scaffolding. Moreover, there is a continuous demand for bamboo furniture, plywood, and outdoor decking in various countries.
Key Companies Profiled
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Bamboos Market – Regional Analysis
High growth in construction, pulp & paper, and furniture industries is expected to be a key driving factor for bamboos market growth. China is a large exporter of processed bamboo products such as bamboo plaiting, bamboo shoots, bamboo panels, wood charcoal of bamboo, etc., whereas countries such as the U.S., Canada, and other European countries where very small bamboo resources are available import bamboo products requirement from other bamboo-rich countries.
Bamboos Market By Category
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Apr 19, 2023