Recognized as multi-purpose and versatile, bamboos are superior forest produce that plays a major role in various end-user industries. Furthermore, factors such as sustainability are expected to promote its use in several sectors.
Versatility of Bamboos to Open New Avenues for Future
The bamboos are extensively used in various applications owing to the profitable attributes of the plant that include environmentally friendly and versatility. The multi-functionality of bamboos are therefore garnering the attention of customers in several sectors. Moreover, with the different types of materials developed with the help of bamboos are further contributing to the growth of various industries. For instance, bamboos are being utilized for distinct applications predominantly in lucrative markets, such as China and India. Bamboos have long been used to make a fishing trap for the purpose of catching fish in an Indian district called Rangpur.
Burgeoning Initiatives to Foster Bamboo Industry Growth
The bamboos landscape has witnessed several developments, one of which is the burgeoning support extended by the governing bodies, to further strengthen the application of the plant and cater to a large number of sectors. China, for instance, has reflected promising potential for the providers of bamboos. Moreover, the country’s government also plays a crucial part, as it provides major support for boosting the bamboo business. Emerging programs such as the ‘Belt and Road’ initiative by the Chinese government, which aim at building better infrastructure are providing new opportunities for bamboos market players as the grass is said to be strong enough for developing shock-resistant exteriors for bullet train carriages and storm drainage pipes. The government is also providing subsidies to the farmers to boost the annual value of the bamboo industry over the coming years.
Abundance of Bamboos to Boost Application
The vast availability of bamboos is expected to drive the growth of the bamboos market as it could result in more usability of the grass. The growing cultivation of bamboos across profitable regions is further boosting the availability of the grass. The plantation of bamboos on private lands is growing substantially in emerging economies such as India. For instance, the south Gujrat district of India has witnessed an upsurge in bamboo plantation recently. Post the reclassification of bamboos as grass by the central government, cutting bamboos without the permission of forest department was made possible. This has greatly triggered farmers to reap economic profits by proliferating plantation of bamboos.
Construction Sector to Reinforce the Future of Bamboo Application
Mitigating environmental issues has become a need of the hour globally. The need for sustainable and eco-friendly alternatives in sectors such as construction are further contributing to the adoption of bamboos. In the coming years, bamboos are expected to be used majorly in the construction sector. The National Bamboo Mission (NBM), first launched in 2006 by the Government of India was restructured in 2018 that would aim on supporting the development of the value chain of the bamboo industry. Moreover, the National Housing Scheme (PMAY) further promotes the use of bamboos as construction material, thereby helping the farmers to double their income by the year 2022.
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