Bamboos are nothing but tall tree-like grasses that mainly grow in the tropical, subtropical, and temperate East and south-east Asia regions. Bamboo can also be seen in some of the islands of the Pacific and Indian oceans.
Bamboos are mostly used in the rural and semi-urban areas to make houses. That is why it is also known as 'poor man's timber.' This is not the only area where bamboo is used. Bamboo and bamboo-based products are often used to make a huge range of indoor and outdoor products used by people worldwide. They are used for various purposes because of their abundant growth and versatility of the species. Bamboo is also used in various industries, and it also reduces the investment of that particular industry that uses it for product making. In this article, there will be a discussion about the bamboo and bamboo-based products industry's future.
Usage of Bamboo in Various Industries
Bamboo has been used for many years as the material of several consumer products. The usage of bamboo in multiple industries has affected the industrial economy a lot. It is mostly used as the raw material to made products for consumers. Bamboo is used as a substitute for wood mostly. It is also used in the production of food, and many cottage industries depend on the bamboo. Hand-made artifacts are also made by using bamboo strips. Most of these hand-made products are mostly used in the agricultural field like baskets and trays, jars, lampshades, mats, and a few other products. The following is a list of products manufactured from Bamboo.
Handicraft: handicrafts are mostly decorative products made from bamboo sticks by humans only by using hands, and in some cases, some minor tools are also used. It requires immense hard work, patience, and skills. This product is mainly exported to other parts of the world and mostly used for aesthetic purposes.
Bamboo Sticks: Bamboo is often used in making buildings. In some parts of the world, mostly in India, bamboo is used to make temporary structures for religious ceremonies and is also used in purificatory rites by the priests. 'Agarbatti,' which is used in Indian Pujas, largely depends on the bamboo sticks.
Paper from Bamboo: Paper is used in multiple industrial fields in modern times. Nowadays, the production requirement of paper has increased a lot. Bamboo pulp made papers almost have the same quality compared to the paper made from wood. It only varies in the stiffness as it has lower tensile stiffness than wood-made paper.
Bamboo Furniture: Many hotels, restaurants use bamboo furniture to decorate the interior. The use of bamboo furniture in houses is very less. Bamboo furniture is very durable as climate changes do not affect the furniture.
Plyboard and Mat: In the case of designer homes, sometimes bamboo is used as floor material. Planning and widening of bamboo sticks are done to make ply boards and mats. These flat sticks are then pressed together with the help of resin to make the mentioned objects.
Why Invest in Bamboo Based Products Industry
The demand for bamboo-based handicrafts is increasing day by day. Most people nowadays want to have this kind of artifact in their home. You also need not put a lot of money into this product making process. The demand for other products like bamboo furniture, mat, boards are also increasing with time. And if you are from a part where bamboo is used for rituals, building making widely, you can invest in it, and you will be benefitted after a certain period of time.
Market Report on this Industry
As of 2019, the market's value is 72.10 billion USD, and it is expected to reach a total revenue of 98.30 billion USD. The industry will grow at a CAGR of 5 percent. The industry has seen significant growth in the time period of 2014 to 2019. The industry has captured 20 percent of the overall market share. Middle Eastern and African countries are expected to be the top producers of bamboo and bamboo-based products when 2025 will come.
Make sure about the market in your region before investing money in the bamboo industry. Ensure the profit amount you will gain after some time is good enough to get back the investment. It is an industry that will definitely grow with time, and the opportunities are limitless.
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