In 2023, the global bamboo products market is projected to be worth US$ 73432.4 million worldwide. Globally increasing focus on sustainability and reducing plastic waste is expected to propel the market at a robust 6.0% CAGR, increasing its size to US$ 131506.2 in 2033.
As infrastructure is developed and consumers become more aware of eco-friendly and sustainable products, the growth of the global industry is expected to accelerate.
Bamboo products are being sold in increasing numbers as manufacturers adopt sustainable building & construction resources as part of infrastructure development. As consumers become more aware of bamboo’s benefits, the demand for bamboo products may continue to rise.
Since the demand for industrial products is on the rise, as well as the launch of innovative bamboo products, the United States is expected to grow the fastest in North America. Various end-use industries may continue to drive demand for the product, making the United States a significant market.
Request a Sample Report and Explore New Growth Opportunities Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-12758
In response to growing environmental concerns and a desire to reduce carbon emissions, bamboo-based products have become increasingly popular. This has led to a rise in bamboo cultivation in the United States.
In addition to furniture, flooring, decking, toothbrushes, charcoal production, medicine, and fabrics (instead of cotton or synthetics), bamboo is used as a replacement for conventional materials. Bamboo cultivation is cheaper than other hardwoods and requires a shorter growth period.
Key Takeaways from Market Study
- With a CAGR of 6.0%, automatic bamboo products dominate the market.
- The United States market is forecast to increase at a steady 7% CAGR through 2033. the United States bamboo products market is projected to offer an absolute dollar opportunity of US$ 5.15 billion, with the market valuation reaching US$ 12.3 billion by 2033.
- Sales of bamboo products in China are expected to grow at a robust 9% CAGR through 2033, providing an absolute dollar opportunity of US$ 1.9 billion over the forecast period
- Based on product type, sales in the building and construction segment are expected to remain high over the forecast period.
Request the Full Report Methodology Now!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12758
Competitive Landscape:
To improve sales in emerging markets, leading bamboo product manufacturers are investing in promotional strategies. Additionally, manufacturers are expanding their production facilities by merging, acquiring, and collaborating, which gives them a competitive advantage over their competitors.
As part of the market’s recent advancements, bamboo has been used to make foldable bamboo green huts, bamboo speakers, bamboo protection helmets, green computers, bamboo cell phone shells, bamboo sunglasses, bamboo cars, bamboo straws, and more.
Several prominent companies dominate this market, including MOSO International BV, Bamboo Village Company, Kerala State Bamboo Corporation, Shanghai Tenbro Bamboo Textile Company, Smith & Fong Company, Huayu Group, Pappco Greenware, Xiamen HBD Industries and Trade Company, Bamboo Master, Meysher Industrial Group, Jiagxi Bamboo Technology Development Company Ltd. and others.
Recent Developments:
- Mosol International BV launched MOSO Bamboo X-treme curved decking boards in March 2022 that come with a 25-year warranty for decking and roofing. MOSO Bamboo X-treme curved decking boards’ unique properties include high stability, an anti-slip finish, and resistance to moisture, mold, and termites.
- As part of India’s National Bamboo Mission launched in 2018, the mission encourages the conservation and cultivation of bamboo, as well as strengthening the marketing of bamboo products such as handicrafts. The mission has launched several initiatives that provide access to credit, knowledge, and markets to craftsmen and small enterprises involved in bamboo-based business activities.
Bamboo Products Market By Category
Product Type:
- Lifestyle Products
- Furniture
- Home Décor Items
- Kitchenware & Cutlery
- Personal Accessories
- Yarn & Textiles
- Educational and Recreational Products
End-User:
- Personal and Residential
- Commercial
- Industrial and Infrastructure
Sales Channel:
- Online
- Offline
Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Japan
- China
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube