Bamboo Powder Market Growth Accelerated by Sustainable and Eco-friendly Attributes
Bamboo powder is obtained by grinding dried and processed bamboo particles into a fine powder. It is commonly used as a thickening, binding, and bulking agent in food & beverage, cosmetics, construction, and pharmaceutical applications. Bamboo powder has several beneficial attributes including sustainability, biodegradability, cost-effectiveness, and durability. It is a renewable natural resource that grows faster than wood and its cultivation enhances carbon sequestration. Bamboo powder is being increasingly used as a replacer for plastic and other non-biodegradable materials in various industries due to growing environmental concerns. 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 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth of the bamboo powder market is its increasing usage ...