Bamboos MarketSize and Trends

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 Trends:-

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.