Global Bamboos Market to Reach $99.8 Bn, Globally, by 2031 at 4.1% CAGR: Allied Market Research

Rise in construction and industrial activities in developed nations globally, the easy availability of bamboos across all tropical regions and upsurge in gardening activities foster the growth of the bamboos market.

PORTLAND, Ore., June 27, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Bamboos Market by Species (Moso bamboo, Bambusa vulgaris, Others), by Application (Gardening, Furniture, Construction, Industrial, Food): Global Opportunity Analysis and Industry Forecast, 2021-2031" According to the report published by Allied Market Research, the global bamboos market stood at $65.8 billion in 2021, and is projected to reach the market size of $99.8 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.

Drivers, restraints, and opportunities-

Surge in construction and industrial activities in developed nations, easy availability of bamboos across all the tropical regions and upsurge in gardening activities contribute to the growth of the bamboos industry. However, the ready availability of products made from plastic and metal is restraining the growth of the bamboos market. On the other hand, increase in demand for paper and pulp products provide lucrative opportunities for growth of the bamboos market in the next few years.

Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/16674

Covid-19 Scenario

• The COVID-19 outbreak impacted the bamboos market adversely. Manufacturers in the market had to stop their business in countries, such as China, the U.S., and India, thereby affecting the sales of bamboo-based products. Shortage of manpower and raw materials constricted the supply of bamboo and bamboo-based products.
• Nevertheless, post two years of COVID-19 outbreak and introduction of vaccinations, the severity of the loss significantly reduced, which is a positive indicator for the bamboos market growth.

The others segment to retain the lion's share

Based on species, the others segment held more than half of the market share in 2021 and is expected to continue this trend through 2031. The same segment would also witness the fastest CAGR of 4.4% during the forecast period. The stupendous growth is owed to the availability of a wide range of bamboo species and their applications in various industries.

Get detailed COVID-19 impact analysis on the Bamboos Market: https://www.alliedmarketresearch.com/request-for-customization/16674

The furniture segment to lead the trail through the forecast period

Based on application, the industrial segment held the largest share in 2021, garnering more than two-fifths of the global market and is expected to continue maintaining its strong hold during the forecast period. This is due to the extensive use of bamboos in paper and pulp industry. However, the furniture segment is likely to witness the fastest CAGR growth of 4.9% during the forecast period. This is attributed to increase in demand for bamboo furniture and awareness regarding excessive use of plastics.

Asia-Pacific would dominate the market through 2031

Based on region, Asia-Pacific region bagged the major market share of more than two-thirds in 2021 and would continue to manifest this dominancy through the forecast period. This is attributed to the large number of bamboo plantations in countries such as China, India and Japan. However, the LAMEA region is expected to grow at the fastest CAGR of 5.3% through 2031, the reason being rise in use of bamboo for various construction and industrial applications.

Key players

• Anji Tianzhen Bamboo Flooring Co. Ltd.
• BambooVision
• Bamboo Australia
• Bamboo Village Company Limited
• Dasso Group
• EcoPlanet Bamboo
• Kerala State Bamboo Corporation Limited
• Moso International BV
• Simply Bamboo Pty Ltd
• Smith & Fong Company

Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/16674

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial

Similar Reports We Have:

Engineered Wood Market - The engineered wood market is expected to reach $400,450.9 million by 2027, registering a CAGR of 6.2% from 2020 to 2027.

Construction Equipment Rental Market - Global construction equipment rental market is expected to reach $106,422.0 million by 2027, registering a CAGR of 4.2% from 2020 to 2027.

Construction Equipment Market - Global construction equipment market is expected to reach $261,047 million in 2027, growing at a CAGR of 4.3% from 2020 to 2027. 

Smart Indoor Garden Systems Market - Global smart indoor garden systems market is projected to reach $176,559.1 thousand by 2027, registering a CAGR of 8.4% from 2020 to 2027.

Pre-Book Now with 10% Discount:

Flooring Wood Panels Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Follow Us on | Facebook | Twitter | LinkedIn

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg