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Bamboo is a versatile multi-purpose forest produce that plays a vital role in domestic and industrial economies. Various industrial applications of bamboos include food production, wood substitute, pulp and paper, handicrafts, medicinal products, cottage industries, and charcoal production. Bamboo is one of the highly renewable resources in the socio-economic and ecological-climatic-functional context with more than 1,500 recorded uses.

Market Dynamics:-

Bamboo has major applications in paper & pulp industry as raw material for the manufacturing of paper and paperboard. Growing demand of paper and paperboard globally is expected to drive growth of the global bamboo industry over the forecast period. According to the PG Paper, global paper and paperboard demand was registered at US$ 390 million tons in 2015, which is expected to increase to 490 million tons by 2020.

Bamboo shoots are extensively used in foods, owing to its numerous health benefits such as low calorie and richness in potassium, copper, and iron. Growing health consciousness among population have positively increased the adoption of high nutrients and low calorie food since recent past, which is expected to drive the bamboo market growth over the forecast period. For instance, according to India Brand Equity Foundation (IBEF), organic food market in India was registered at US$ 160 million, which is expected to grow by CAGR of 25% during 2015-20.

Market Outlook:-

Asia Pacific is expected to dominate the global bamboo market, owing to significant consumption of bamboo in paper & pulp industry along with construction industry. Growing construction industry coupled with rising disposable income is also fueling growth of the market. For instance, according to Central Pulp & Paper Research Institute- India, paper & pulp consumption in India was registered at 17.99 million tons in 2014-15 which grew to 18.48 million tons in 2015-16.

Key Developments

  • In June 2018, Numaligarh Refinery Limited (NRL) formed a joint-venture with Chempolis Oy (Finland based supplier of bio-refinery technologies) and Fortum 3 BV (Netherlands based energy company) to form Assam Bio-Refinery Pvt Ltd (ABRPL). The new company, ABRPL will generate bio-ethanol, other chemicals and electricity using bamboo biomass.
  • In 2017, MOSO International opened its new subsidiary MOSO Middle East in Dubai, UAE. The new company will focus on expanding its presence in Qatar, UAE, Oman, Saudi Arabia, and Kuwait. The company will offer products for architecture and building industry.
  • In 2017, MOSO International opened its new subsidiary MOSO North America. The company will focus on expanding its presence in U.S. and Canada market. The company will market its outdoor collection Bamboo X-treme.
  • In 2017, MOSO International launched its new product Bamboo UltraDensity, a new solution for the flooring sector. The product will find application in high traffic buildings such as airports, train stations, museum, and malls.
  • In April 2018, BAP Industries (Guatemala based manufacturer of pulp and associated paper & textile products) signed a 10-year exclusive bamboo purchase agreement with EcoPlanet Bamboo Group. BAP will invest in construction and operation of bamboo bio-refinery and associated paper mill. The plant will be located in Nicaragua and will have the capacity to process 2,50,000 metric tons of bamboo annually.

Key players in the Global Bamboos Market:-

Key players operating in the global bamboos market include Dasso Industrial Group Co. Ltd., EcoTimber Inc., EcoPlanet Group LLC, Eldorado Bambu, Xingli Bamboo Products Company, Moso International BV, GRASSuilt LLC, Bamboo Australia Pty Ltd, Jiangxi Kangda Bamboo Ware Group Co. Ltd., and Yokoyama Bamboo Products Co. Ltd.

Major companies are adopting organic and inorganic growth strategies, in order to expand their business internationally. For instance, in 2017, Netherlands based MOSO International launched its subsidiary MOSO North America Inc. to grow its business in North American countries.

Market Taxonomy:-

On the basis of application, the global bamboos market is segmented into:

  • Furniture
    • Timber Substitute
    • Outdoor decking
    • Furniture
    • Flooring
    • Mat boards
    • Plywood
  • Construction
    • Scaffolding
    • Housing
    • Roads
  • Food
  • Paper & Pulp
  • Agriculture
  • Textile
  • Medical
  • Others (handicrafts, chopsticks, etc.)

On the basis of region, the global bamboos market is segmented into:

  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East
    • Israel
    • GCC
    • Rest of Middle East
  • Africa
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