Bamboo is a flowering perennial evergreen plant which belongs to the grass family. Among the grass family, giant bamboo is said to be the largest member of the family. Bamboos are known to be one of the fastest growing plants globally, owing to the rhizome-dependent system. It is considered to be one of the most valuable non-timber forest resources in the world. The products of bamboo have great potential to thrive in the American and European markets. They are notable cultural and economic significance in South East Asia, South Asia and East Asia, as bamboos are used as a food source, as a building material and as a versatile raw product. Good quality bamboo is stronger than steel and hence, it is used as weaponry and building material.Bamboo has wide range of applications that include non-residential, housing, pulp, rural usage, packing including basket, furniture, transport and other wood working industries.
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The major factors that drive the global bamboo market include growing end use industries such as the paper, building and construction,textile and wood. Additionally, the medical industry contributes to the growing demand for bamboo due to various medicinal uses. Bamboos are used in the manufacture of pulp and paper, scaffolding bridges, mat, baskets and brooms, home furnishing, fuel and packaging among others. Medicinal uses of bamboo include Acetylcholine which is found in bamboo in high levels acts as a neurotransmitter in humans and animals.
The key regional segments for the market include North America, Asia Pacific, Europe and Rest of the World (RoW). Asia Pacific and China is expected to be the fastest and largest growing economies for the global bamboo market owing to the growing demand from the building and construction industry in the region.
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The key players of the bamboo industry include: Native KONBAC, TENBRO and VEDHA among others.
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