Bamboo Powder Market: Bamboo Raw Materials is fastest growing segment propelling the growth of Bamboo Powder Market

 

The global Bamboo Powder Market is estimated to be valued at US$ 158.4 Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Bamboo powder is a fine ground form of bamboo fibers that provide higher strength and absorbency. It is used as an additive or filler in various end-use industries such as food, pharmaceuticals, textiles, etc. due to its eco-friendly nature.

Market key trends:

One of the key trends in the bamoo powder market is the growing demand for bamboo raw materials. Bamboo raw materials accounted for over 35% of the overall bamboo powder market share in 2022. The growth in demand can be attributed to increasing awareness about environmentally sustainable products and various properties of bamboo that make it a viable substitute for non-renewable materials. Properties such as high tensile strength, low weight, rapidly renewable nature, and low carbon footprint make bamboo an attractive renewable resource for wide industrial applications, thereby driving increasing demand for bamboo raw materials.

Segment Analysis

The global bamboo powder market is divided into two key segments based on source- bamboo charcoal powder and bamboo granular powder. Bamboo charcoal powder dominates the market with a share of over 65% in 2023 owing to its widespread application in cosmetics, toothpaste, animal feed, and water purification products. Bamboo charcoal powder is gaining increasing popularity among end-users due to its activated carbon content, porous nature, and ability to absorb impurities.

Key Takeaways

The global bamboo powder market is expected to witness high growth, exhibiting CAGR of 3.3% over the forecast period, due to increasing demand from industries such as cosmetics, pharmaceuticals, textiles, and construction.

The Asia Pacific region dominates the global bamboo powder market, accounting for around 60% share in 2023. This is attributed to the abundant availability of raw bamboo in countries such as China, India, and Vietnam. China, in particular, is the leading producer and consumer of bamboo powder globally.

Key players operating in the bamboo powder market are Bambu Naturals LLC, Fujian Huayi Bamboo & Wood Industry Co., Ltd., Bamboo Bio Composites Sdn Bhd, Xuyi Oumeijia Bamboo Products Co., Ltd., Fujian Jianyang Xingli Bamboo Products Co., Ltd., Bamboo Solutions Ltd., Reade International Corp., Shanghai Tenbro Bamboo Textile Co., Ltd., Green Earth Industries, Bamboo Technologies Ltd., Biomix SRL, EcoPlanet Bamboo Group, Texperts India Pvt. Ltd., Bamboo Shield, Bamboo Import Europe BV. Leading players are investing in R&D to develop innovative applications of bamboo powder and consolidate their position in the market.

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