Bamboo is the tallest grass that can grow as tall as a tree. Bamboo has received remarkable attention in recent years as the demand for eco-friendly raw materials is growing actively. Bamboos are considered among many eco-friendly materials and are being used in the production of a wide range of products such as furniture, kitchenware, medicine, stationery, and more. The global bamboo products market reached a market valuation of USD XX.X Billion in 2018 and is estimated to grow at a CAGR of XX.X% during the forecast period, i.e., 2019-2024.
Market Insights
Growth Drivers – Bamboo Products Market
Growing Demand for Eco-friendly Products
The world is actively concerned with environmental status and is looking forward to aiding the earth’s environment by taking eco-friendlier initiatives such as limit the consumption of harmful materials such as plastic and others. To curb pollution and to restore natural, people are increasingly using eco-friendly products. Bamboo is an incredible alternative to plastic and other hazardous materials because it’s strong, durable, biodegradable, and natural instead. Also, bamboo can be used to build a wide range of products starting from stationaries to furniture.
Government Support and Initiatives
The government has played an incredible role in the promotion of biodegradable products. Environment protection has become one of the few critical goals of governments across the globe. Governments of many constitutions have banned the sale & purchase of plastic packaging and other hazardous materials. Apart from this, governments are also promoting eco-friendly materials and spreading awareness among the population regarding the health and environmental benefits of using bio-degradable materials. Bamboo is a natural product and has numerous health and environmental benefits; further, this intense hype of bio-degradable materials is expected to back the growth of the global bamboo products market in the coming years.
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Barriers – Bamboo Products Market
Although bamboo is an excellent alternative to other hazardous materials, their life span is always questionable. Bamboo made products quickly get scratches, can be easily damaged by water, and there is also a lack of material standardization. Furthermore, the availability of other eco-friendly alternative materials is a significant barrier to the growth of the bamboo products market.
Market Trends – Bamboo Products Market
Online Sales of Bamboo Products
The manufactures of bamboo products are strongly considering online channels to market & sell their bamboo products. Online stores have emerged as one of the most favorable sales channels in the bamboo products market since it is easily accessible to a large consumer base around the globe.
Segmentation Analysis
The bamboo products market is segmented in different categories, including by product, by application, and by distribution channel. The market is segmented by product into bamboo furniture, bamboo fabric, bamboo kitchen utensils, bamboo toiletries, bamboo housing materials, bamboo stationaries, and others. Among this segment, the bamboo furniture products are expected to capture significant shares of the market in 2018. The global bamboo furniture segment was totaled at USD XXX.X billion in 2018 and is projected to reach USD XXX.X billion in 2024 at a CAGR of XX.X% from 2019 to 2024.
Moreover, based on the application, the bamboo products market is further sub-segmented into residential and commercial. Among which commercial segment is about to register a remarkable growth rate in upcoming years. New laws & regulations and eco-friendly business strategies of companies have made them use of bamboo made products such as bamboo straws; bamboo made packaging, and others. The report is further breakdown into one more section, including by distribution channel (online channels and offline channels).
Geographical Analysis
Regionally, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. As opposed to the rest of the world, the Asia Pacific region has had the advantage of consuming most bamboo products for centuries. This can be accredited to the presence of huge bamboo agriculture areas in the region, which has survived remarkably over time. However, North America and Europe regions are also anticipated to mask considerable growth pace in the coming years.
Competitive Analysis
The report also covers detailed competitive analysis of major market players of the global bamboo products market, such as Moso International B.V., Hadicomex VietHa Jsc, OLA Bamboo, CBG Bamboo, Greenington, YoYu bamboo, Dasso, TENGDA dingjiang, Bamboo Australia, Bambro Textile Company Limited and other major & notable players. Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by business segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
Segmentation
By Product
- Bamboo Furniture
- Bamboo Fabric
- Bamboo Kitchen Utensils
- Bamboo Toiletries
- Bamboo Housing Materials
- Bamboo Stationaries
- Others
By Distribution Channel
- Online Channels
- Offline Channels
By Application
- Residential
- Commercial
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
- Moso International B.V.
- Hadicomex VietHa Jsc
- OLA Bamboo
- CBG Bamboo
- Greenington
- YoYu bamboo
- Dasso
- TENGDA dingjiang
- Bamboo Australia
Bambro Textile Company Limited
Other Notable Players
The study also provides a company’s positioning and market share in bamboo products market.
Timeline Considered for Analysis:
- 2018: Base Year
- 2019: Estimated Year
- 2019 to 2024: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global bamboo products market by the following segments:
- Product
- Application
- Distribution Channel
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Bamboo Products Industry Report
- What is the overall market size in 2018?
- What will be the market growth during the forecast period i.e. 2019-2024?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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