The global Bamboos Market size was valued USD 61.9 billion in 2022 and is expected to reach a value of USD 92 billion in 2032 and register a revenue CAGR of 4.5% during the forecast period.
There is a huge increase in demand for bamboo products as a result of growing awareness of the harmful effects of deforestation and the necessity of sustainable sourcing. Since bamboo is a material that is extremely renewable and has a growth rate of up to 91 cm per day, it is seen as an environmentally benign substitute for traditional wood products. Moreover, bamboo has a high strength-to-weight ratio, which makes it a perfect material for building and furnishings.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Major Companies:
- BambroTex Inc.
- Bamboo Village Company
- Cali Bamboo LLC
- Dasso Industrial Group Co., Ltd.
- Guangdong Huayu Timber Co. Ltd.
- Higuera Hardwoods LLC
- Moso International B.V.
- Shanghai Tenbro Bamboo Textile Co., Ltd.
- Tropical Forest Products
- Yoyu Company Limited
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Bamboos Market Segmentation:
By Species Type Outlook:
- Bambusa
- Dendrocalamus
- Phyllostachys
- Others
By Application Outlook:
- Construction
- Furniture
- Paper and Pulp
- Textile
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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