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Bamboo is a versatile multi-purpose forest produce that plays a vital role in domestic and industrial economies.
The growth outlook is heavily driven by demographic, industrial, and economic factors such as construction sector investment, sustainable development focus, and population growth, among others. Bamboos are becoming increasingly popular in the construction of green structures. Furthermore, the is predicted to grow at a large CAGR due to rising acceptance and demand for green construction to support the sustainability trend in developed economies. The increased awareness of the many health benefits of bamboos, as well as the growing research and development in the healthcare sector, are projected to result in a variety of new application areas for bamboos in the medical field, creating new opportunities for the bamboos business.
To assess the current growth prognosis for Bamboos, dynamics and recent developments. The is expected to increase by 20 basis points on a half-yearly basis in H1 2022, compared to prior forecast growth. This optimistic growth forecast is due to considerable development in the building sector and the adoption of sustainability.
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