Bamboos Market – Size, Share, Trends, Outlook, and Opportunity Analysis, 2018 – 2026

 

Bamboo shoots are often utilised in food due to their multiple health benefits, including low calorie and high potassium, copper, and iron content. Since the recent past, rising health consciousness among the population has boosted the use of high-nutrient, low-calorie foods, which is likely to fuel the bamboos market expansion over the forecast period. According to the India Brand Equity Foundation (IBEF), the organic food market in India was valued at US$ 160 million in 2015, and it is predicted to expand at a CAGR of 25% from 2015 to 20.

Bamboo is widely used as a raw material for the production of paper and paperboard in the paper and pulp industry. Over the projection period, the global bamboo industry is expected to grow due to increased demand for paper and paperboard internationally. Global demand for paper and paperboard was 390 million tonnes in 2015, according to PG Paper, and is predicted to reach 490 million tonnes by 2020.

Bamboo is used extensively in the paper and pulp industry as a raw material for the production of paper and paperboard. Over the projected period, the worldwide bamboo sector is expected to develop due to rising demand for paper and paperboard. Global demand for paper and paperboard was 390 million tonnes in 2015, according to PG Paper, and is predicted to rise to 490 million tonnes by 2020.

Due to high use of bamboo in the paper & pulp sector as well as the construction industry, Asia Pacific is predicted to dominate the global bamboo market. The Bamboos Market is also growing due to the expanding building industry and increased disposable income. According to the Central Pulp & Paper Research Institute-India, India's paper and pulp consumption was 17.99 million tonnes in 2014-15, rising to 18.48 million tonnes in 2015-16.