Modular Bamboo Market to Garner $1.8 Billion, Globally, By 2032 at 4.6% CAGR, Says Allied Market Research

The global modular bamboo market is driven by increased investments in infrastructure development and the benefits of modular bamboo in the construction industry.

PORTLAND, Ore., June 7, 2023 /PRNewswire/ -- Allied Market Research published a report titled, "Modular Bamboo Market by Product Type (Panels, Beams, Boards, and Others), By Application (Flooring, Ceilings, Furniture, and Others), By End-Use Industry (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the modular bamboo industry generated $1.2 billion in 2022 and is estimated to reach $1.8 billion by 2032, exhibiting a CAGR of 4.6% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

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Prime Determinants of Growth:

The global modular bamboo market is driven by increased investments in infrastructure development and the benefits of modular bamboo in the construction industry. On the other hand, lack of knowledge regarding modular bamboo is hindering market growth. Furthermore, the emerging economies are expected to lead the modular bamboo market in the coming years. In addition, a rise in awareness regarding energy conservation and sustainability in the construction resources is expected to create lucrative opportunities in the modular bamboo industry.

Report Coverage & Details:

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2022	$1.2 Billion
Market Size in 2032	$1.8 Billion
CAGR	4.6 %
No. of Pages in Report