27 November 2024
Bamboos market set to grow at a CAGR of 5.82% from 2024-2028
The global bamboo market is projected to grow by USD 23.1 billion from 2024 to 2028, with a compound annual growth rate (CAGR) of 5.82%. Increased demand for bamboo products like plates, furniture, and interior design applications is driving this growth. Bamboo’s versatility allows it to be used in various industries, including construction, textiles, and medicine. It also serves as a sustainable alternative to materials like steel and concrete. However, the market faces challenges due to bamboo's limited geographic availability, primarily in Asia, Africa, and South America.