Yahoo Finance Bamboo Global Market Report 2022: Ukraine-Russia War Impact
Major players in the bamboo market are Moso International BV, Shanghai Tenbro Bamboo Textile Co. Ltd, Kerala State Bamboo Corporation Ltd, Bamboo Australia Pty. Ltd. , Ecoplanet Bamboo, Smith & Fong Co.
New York, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Bamboo Global Market Report 2022: Ukraine-Russia War Impact" - https://www.reportlinker.com/p06370317/?utm_source=GNW
Inc., Jiangxi Kangda Bamboo Ware Group Co. Ltd., Fujian Jianou Huayu Bamboo Industry Co. Ltd., Jiangxi Shanyou Industry Co. Ltd., Tengda Bamboo-Wood Co. Ltd., Dasso Industrial Group Co. Ltd., Xingli Bamboo Products Company, EPITOME bamboowood, Bamboo Bio Composites Sdn Bhd, Southern Bamboo Inc., Jiangxi Feiyu Industry Co. Ltd., Anji Tianzhen Bamboo Flooring Co. Ltd., Wild Fibres, Swicofil AG, TIC Gums Inc., CFF GmbH & Co. KG, Chengdu Grace Fiber Co.Ltd, Advantage Fibres, Liahren, International Fiber Corporation, Higuera Hardwoods LLC, and Teragren.
The global bamboo market is expected to grow from $ 60.07 billion in 2021 to $ 65.58 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The bamboo market is expected to reach $ 83.29 billion in 2026 at a CAGR of 6.2%.
The bamboo market consists of sales of bamboos and related products by entities (organizations, sole traders, and partnerships) that are used to make furniture, food, biofuels, chopsticks, papers, and so on, and they are also used as an input in flooring, roofing, and scaffolding, as well as medicinal purposes.Bamboos are perennial flowering plants with hollow stems.
These are tree-like grasses belonging to the family Poaceae that are fast-growing, easily obtained, renewable, and valuable among all forest resources.
The main types of bamboo markets are herbaceous bamboos, tropical woody bamboos, and temperate woody bamboos.Herbaceous bamboos are used for medicinal purposes and to safeguard the biodiversity of forests.
Herbaceous bamboos refer to bamboos that have soft, tender stems and grow mostly in tropical jungles.The various species include moso bamboo, bambusa vulgaris, and others.
The several applications include raw materials, industrial products, furniture, shoots, and others that are employed by wood and furniture, construction, food, pulp and paper, textiles, agriculture, and other end-users.
Asia Pacific was the largest region in the bamboos market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the bamboo market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increasing demand for paper is expected to propel the growth of the bamboo market going forward.Paper is a flat, thin sheet material that is made from cellulose fibers derived from wood, rags, and other raw materials and is suitable for writing on, wrapping, and decorating walls.
Pulp obtained from bamboo is used for manufacturing paper.Paper is used for the production of books, printing, packaging, and decorating.
For instance, according to the news published by Business Line, an India-based newspaper, in May 2022, paper consumption in India is projected to grow by 6-7% and is expected to reach up to 30 million tonnes by 2026-2027. Therefore, the increasing demand for paper is driving the growth of the bamboo market.
Rising government initiatives for bamboo production have emerged as the key trend gaining popularity in the bamboo market.Governments across various countries are promoting bamboo production through initiatives and investments to meet the growing demand and to increase exports.
For instance, the International Bamboo and Rattan Organization (INBAR), a China-based independent intergovernmental organization, has developed the 2015–2030 INBAR Strategy to develop the bamboo sector to address various issues, including climate change mitigation, livelihood, and land degradation, and to focus on the use of bamboo as a strategic resource.
In June 2021, Victoria Plc, a UK-based flooring products company, acquired Cali Bamboo Holdings for $ 76.1 million. Through this acquisition, Victoria aimed to expand its US distribution as well as develop new products and continue to focus on products, people, and relationships. Cali Bamboo Holdings is a US-based company that manufactures bamboo building products.
The countries covered in the bamboo market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The bamboos market research report is one of a series of new reports that provides bamboos market statistics, including bamboos industry global market size, regional shares, competitors with a bamboos market share, detailed bamboos market segments, market trends and opportunities, and any further data you may need to thrive in the bamboos industry. This bamboo market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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