Bamboo Powder as fastest growing segment fueling growth in 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 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:

Bamboo powder is finely ground bamboo material that is obtained through pulverization or grinding processes. It has various uses in cosmetics, pharmaceuticals, textiles and other industries due to properties like antibacterial, UV protection. The market is growing due to rising demand for natural ingredient based products.

Market key trends:

One of the key trends fuelling growth in the bamboo powder market is the growing popularity of bamboo clothing and textiles. Bamboo powder is used extensively in manufacturing of bamboo based fabrics due to properties like moisture wicking, temperature regulation, stretchability and strength. The bamboo fabrics are gaining popularity as alternatives to cotton and synthetic fabrics. The eco-friendly production of bamboo fabrics coupled with their excellent characteristics is driving manufacturers to increasingly use bamboo powder in textile industry. This is expected to propel the demand for bamboo powder over the forecast period.

Segment Analysis

The bamboo powder market is segmented on the basis of form, application, and region. Form-wise, the market is divided into nano powder and regular powder. Among these, the regular powder segment dominates the market with higher consumption due to its affordable cost and broader range of applications. The nano powder segment is expected to grow at a faster rate during the forecast period attributed to its higher absorption capacity and longer shelf life.

Key Takeaways

The Global Bamboo Powder Market Size is expected to witness high growth, exhibiting a CAGR of 3.3% over the forecast period, due to increasing use of bamboo powder as an additive in various industries including food, cosmetics, and construction.

Regional analysis

Asia-Pacific dominates the bamboo powder market owing to high bamboo production in countries such as China, India, and Japan. The region is estimated to hold a market share of over 40% in 2023. Europe is expected to grow at the fastest rate over the forecast period attributed to growing cosmetics and food industries in countries such as Germany, France, and Italy demanding bamboo powder.

Key players
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.

Read Our More Blogs : https://www.rapidwebwire.com/bamboo-powder-market-size-share-analysis-2023-2030/


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