Bamboos Market Report 2024 (Global Edition)

Market Dynamics

Key drivers:

• The versatility of Bamboo leads to a wide range of applications in domestic and industrial market

Bamboo, a versatile multi-purpose forest product, is essential to both the global home and industrial economies. Bamboo and bamboo-based products are employed in a variety of indoor and outdoor applications due to their abundance and adaptability. Bamboo can be turned into a variety of items based on its properties. For example, bamboo goods can be transformed into bamboo viscose or rayon for textile production. Bamboo fiber can be processed to create bamboo panels, which can then be used as flooring.  It is considered as one of the most renewable resources in a socioeconomic-cultural-ecological-climatic-functional setting, with over 1,500 documented applications. For Instance, in recent years, the entry of bamboo into the textile sector has generated antibacterial and UV absorption in bamboo clothing, which is caused by a feature of lignin in the bamboo fiber. According to the Japan Textile Inspection Association, even after fifty washes, bamboo fiber fabric retains excellent anti-bacterial and bacteriostasis properties. Bamboo fiber has unique and natural capabilities of antibacterial, bacteriostasis, and deodorization  Bamboo may be converted into solid, liquid, and gaseous fuels.(Source:https://www.fibre2fashion.com/industry-article/5750/bamboo-fibers-and-its-applications#:~:text=It%20is%20validated%20by%20Japan,incubated%20on%20bamboo%20fiber%20fabric.) Bamboo has a high calorific value, indicating that it can generate a lot of heat when burned. For Instance, China and Japan have used charcoal derived from this remarkable plant as a cooking fuel. Bamboo vinegar, also known as pyroligneous acid, is extracted during the charcoal-making process and is employed in hundreds of treatments across several fields. This liquid comprises 400 different chemical compounds and can be used for a variety of applications, including cosmetics, insecticides, deodorants, food processing, and agriculture. Today, more than one billion people live in bamboo dwellings. According to UNESCO, 70 hectares of bamboo can supply enough material to build 1000 homes. If timber was used instead, it may necessitate the felling of trees from an already dwindling forest. Hence, we can say that Bamboo is versatile as they possess the quality of adaptability and are used in various applications which leads to a rise in demand for the products.(Source:https://econation.one/bamboo/#:~:text=Houses%2C%20schools%20and%20other%20buildings,-Today%2C%20over%20one&text=According%20to%20UNESCO%2C%2070%20hectares,from%20an%20already%20diminishing%20forest.)
 

• Bamboo is renewable, and sustainable and acts as a cheap alternative to materials like wood and plastic

Bamboo is a known renewable resource and grows quicker than other trees and plants used to extract valuable fiber. Bamboo is a plant that grows in warm, humid environments. For Instance, to find out how renewable bamboo is, one of the simplest approaches is to compare it to cotton and also grow by itself. Every year, more than 256 Gm3 of cotton is produced around the world to make the different common cotton goods that we use today. Bamboo grows with one-third the amount of water that is required by a cotton plant but Bamboo, on the other hand, typically grows without watering or fertilizer, cotton, utilizes around 25% of the world's insecticides and the world's pesticides 12% while growing on only a small amount (3%) of the world's land area. Bamboo may be cultivated with very minimum or no irrigation, herbicides, or fertilizers, making it an ideal crop for textile production. If compared to other trees, Bamboo is the same proportion but still generates more oxygen (35% more) than trees.(Source: https://bamboovandiemen.com.au/why-bamboo-is-a-renewable-resource/#:~:text=Bamboo%20develops%20quickly%20Bamboo%20is,climates%2C%20especially%20in%20South%20Asia.)A high level of oxygen production reduces problems like global warming and other difficulties that are faced environmentally. Bamboo also removes 70% more carbon each year than a similar-sized tree stands, resulting in a low carbon footprint. This carbon footprint may be deemed damaging because the plant eliminates carbon from the environment. Bamboo is a plant that grows exceedingly quickly. It matures in 5 years, whereas hardwood trees require over 30 years. This means that bamboo is more numerous and easier to cultivate than hardwood, making the crop considerably more affordable.  The grass root of bamboo can regenerate itself. This means that after the bamboo forest is cut, the bamboo will continue to grow, reducing the need for replanting. Building using bamboo can be far less expensive than using typical materials. Bamboo construction is often 20-30% less expensive than standard building methods, making it a viable choice for individuals on a tight budget. For example, Bamboo flooring typically costs between 100-150 per sq ft, while standard hardwood flooring can cost up to 300 per sq ft. Bamboo staircases range from 3000-5000, while standard concrete or steel staircases might cost 8000 or more. Bamboo's price makes it an appealing choice for individuals wishing to create a sustainable and great home without going over the budget.(Source:https://www.nobroker.in/blog/bamboo-as-a-building-material/#:~:text=environmentally%20conscious%20way.-,2.,compared%20to%20using%20traditional%20materials) It is also commonly used for scaffolding since it is both environmentally benign and economically effective. For example, Bamboo scaffolding is chosen over metal scaffolding in Hong Kong due to its ease of availability and low cost. Therefore, In light of the present environmental scenario, bamboo is a win for an environmentally friendly future. It is a fantastic substitute for plastic because of its adaptability, renewability, and biodegradability, especially for disposable products like straws, cutlery, and packaging.(Source:https://multimedia.scmp.com/infographics/culture/article/3183200/bamboo-scaffolding/index.html)
 

 Key Restraints

• Lack of Awareness and Processing Practices

One of the main challenges involved in the bamboo market is the lack of awareness of goods based on bamboo, the market being limited, and the inconsistency of the harvesting methods in a lot of regions where bamboo is produced and this affects the quality of the goods. The training is not sufficient and there is the absence of standardized uniform practices which impacts the competitiveness of the market hindering the growth of the sector. For Instance, farmers are hesitant to plant bamboo due to misconceptions about its thorniness and the fact that it flowers during droughts. There is very little policy help available for bamboo farmers. The Mahatma Gandhi Rozgar Hami Yojana, established under the NAREGA Act of 2005, offers farmers with up to 2 hectares of land Rs 20200 per hectare for three years. There is no policy for medium and large farmers. Promoting and raising awareness about bamboo is crucial for its acceptance in the local community. Hence, the bamboo market is confronted with problems such as insufficient infrastructure, regulatory restraints, and competition from other materials. Despite its quick development and sustainability, bamboo cultivation and processing necessitate significant infrastructure and investment in harvesting, transportation, and processing plants.(Source:https://www.manage.gov.in/publications/reports/internreports/Taher%20Arjumand%20Bamboo%20Case%20Study%20Final.pdf)

How did COVID–19 Impact the Bamboos Market?

During COVID, Specifically, transportation concerns include the inability to track, non-communicable conditions, and permission-related difficulties in hiring lorries to transport raw materials (green bamboo) from diverse sourcing sites to the designated destination for further processing. The lockout exacerbated these challenges by reducing the number of transporters available to move products from source to destination. Furthermore, those who were willing to carry significantly increased their service prices, which ordinary bamboo workers could not pay. The second problem encountered was more basic in nature, with the non-availability of laborers or bamboo workers on time to load and unload raw material. For Example, according to a research paper published by the Indian Institute of plantation management, Daily compensation for loading and unloading trucks ranged from ? 3500 to ? 6000 due to the hard nature of the task. During COVID-19, daily wages ranged from ?7000 to ?10,000 for similar tasks or responsibilities. This resulted in 25-40% of total labor expenditures for transporting harvested bamboo to its destination. Furthermore, legislative limits on land use, environmental protection, and certification criteria can present obstacles for bamboo farmers and manufacturers, especially in areas with inadequate governance and enforcement systems. (Source:https://www.researchgate.net/publication/357334546_Impact_of_COVID-19_on_traditional_Indian_Markets_A_case_study_of_bamboo_markets_and_their_effect_on_the_local_indigenous_community)
 

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.

The Global Bamboos Market is witnessing significant growth in the near future.

In 2023, the Bambusa Tulda segment accounted for noticeable share of global Bamboos Market and is projected to experience significant growth in the near future.

The Raw Material segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies Moso International BV, Kerala State Bamboo Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.

Frequently Asked Questions