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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

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
N/A

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users