Bamboos Market: By Type (Moso Bamboo, Bambusa Vulgaris, and Others), By Application (Gardening, Industrial, Furniture, Construction, and Food), By Distribution Channels (Supermarkets/Hypermarkets, Tobacco Stores, and Others), and Geography

Bamboos Market size was valued at USD 41,528.9 million in 2023 and is poised to grow at a CAGR of 3.5% from 2024-2030. Due to the increased investments in sustainable building and construction materials, as well as consumer awareness of the uses and benefits of bamboo. Bamboo is a sustainable material that provides societal, economic, and environmental benefits. The tropical climate is optimal for bamboo production; nevertheless, it may be cultivated in a variety of climates. Bamboo absorbs 40% more CO2 and provides 35% more oxygen than trees, increasing air quality. Furthermore, bamboo planting prevents soil erosion and carbon fixation.

The growing knowledge of the benefits of bamboo will boost the market's growth pace. Because of advantages such as ease of harvesting, cost, and transportation, rattan and bamboo are gaining popularity over timber. They are extremely durable as well as water resistant. Because of these benefits, bamboo can be utilized for a wide range of applications, including shelter, handicrafts, and furniture which is fueling the global bamboo market growth. Bamboo is classified as a renewable resource. This means that it will continue to grow from the root that is left behind after it is harvested. It grows without the need for chemicals or pesticides and is so adaptable that it can be found all over the planet so that it can produce more plants.

The increased quantity of R&D activities will raise new market opportunities for the industry's growth rate. Furthermore, an increase in strategic collaborations and the emergence of new markets would function as market drivers, boosting advantageous chances for the global bamboo market growth rate. On the other hand, the market's growth rate will be hampered by the extension of bamboo due to resource depletion and a downturn in global economic growth. The negative impact of the COVID-19 epidemic on the supply chain, as well as the high processing costs, will function as market restraints, further challenging the market growth rate.

Bamboos Market Key Developments:

• On 6^th June 2022, the dasso group has launched new factory, Fujian Dasso Industry Co., Ltd, (hereafter referred to as "Jianou Factory"), is a domestic first-class bamboo goods production and sales specialist firm based in Fujian, China.