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Bamboo has an important woody grass found widespread in the tropical, subtropical and mild temperate zones. It has been used since centuries for variety of applications. Economically, bamboo serves as a superior substitute to wood. There are about 1,200 species of bamboo. It is becoming high importance material for industries as well as domestic purposes. With the rising population, the forest resources are witnessing immense pressure. Bamboo is grown in large quantities outside forests including urban areas, river banks, road sides, farmlands, etc. Adopting bamboo based products can help sustainable growth of the ecosystem. Bamboo also absorbs carbon dioxide and releases 35% more oxygen than its equivalent stand of hardwood trees. Also, it needs no fertilizer or pesticides for growth that makes it a low input-high output plant.
On the basis of end-use, bamboos market is segmented into wood and furniture (flooring, ceiling, outdoor decking, furniture, mat board), construction (scaffolding, housing building material), food & beverage, paper & pulp, textile and others.
Key Market Driver -
Government initiatives coupled with increasing adoption of bamboos in wood & furniture to propel the market growth.
Key Market Restraint -
Durability constraints and wide adoption of synthetic materials to dampen the market growth.
From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key market Drivers- Due to high economic as well as ecological benefits of bamboos, the governments around the globe have undertaken various initiatives to promote the harvest areas of bamboos and its usage. For instance, National Bamboo Policy, Kenya; National Bamboo Mission, India are some of the recent initiatives taken up by these nations to increase the bamboo production. The increasing awareness regarding the benefits offered by bamboos, its penetration and adoption has significantly increased in the market.
Key market restraints- Bamboo has its disadvantages too. Before using it in construction applications, it needs to be sufficiently treated against fungus and insects to avoid any damage and long life-span of the bamboos. Deforestation activities have significantly reduced the bamboo harvest areas. Due to this the consumers are forced to artificial materials such as plastics for various applications such as toys, automotive parts, decorative cases, etc.
The global Bamboos market is fairly fragmented with number of global players operating in the market. Some of the key players in the global Bamboos Market include- Bamboo Village Company Limited, Kerala State Bamboo Corporation Ltd., Moso International B.V., Shanghai Tenbro Bamboo Textile Co. Ltd., Smith & Fong Co Inc., EcoPlanet Bamboo, Dasso Industrial Group Co., Ltd, Jiangxi Shanyou Industry Co. Ltd., Jiangxi Kangda Bamboo Ware Group Co., Ltd., Higuera Hardwoods LLC, China Bambro Textile Company Limited, Southern Bamboo Inc., Teragren LLC, ANJI TIANZHEN BAMBOO FLOORING CO. LTD, Jiangxi Feiyu Industry Co. Ltd. and others.
On geographical basis, Bamboos Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific is the largest producer and consumer of bamboos on the back of China, India, Indonesia and other neighbouring countries. Bamboo is popularly knowns as ‘Poor man’s timber’ due to its low cost harvest conditions. The bamboo market in Middle East and Africa region is expected to experience boom due to promotional activities by the government in African countries such as Kenya, Ghana, Nigeria, Cameroon, etc. North America is also expected to witness moderate growths in the bamboos market with the increasing adoption in wood and furniture industry.
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Europe region consumes significant amount of bamboos and the demand is continuously increasing. Bamboos is being used in many mega-structures in the Europe region due to economic and structural attractiveness provided by the bamboos. Some of these structures include Madrid International Airport (Bamboo ceiling), Parking Garage, The Hague, Netherlands, etc. Brazil is home to the largest natural reserve of bamboos in the Americas, with an estimated 18 million hectares of bamboo. The bamboo market in the region is expected to witness high growths over mid and long term forecast due to the ongoing efforts to increase the adoption of bamboo for sustainable growth in the region.
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