Bamboos Market Will hit at a CAGR of 10.6% from 2017 to 2027
Verfasser: ShashiiPawar on Thursday, 27 July 2017Through innovative technologies, specific species of bamboos have gained applicability in production of beverages, which include popular drinks such as beers and teas. In Latin America, demand for bamboos is rising on the account of such breakthrough applications. Bamboos are no longer restrained to the image of being key resources and raw materials in paper-making and construction & building industry. Cultivation of bamboos is easy and quite profitable, grabbing the interests of agriculturists and farmers. Surplus availability of bamboos is promoting their use in such novel applications. Future Market Insights projects that towards the end of 2027, over 63,000 KT of bamboos will be sold across the globe, bringing in revenues worth over US$ 10 Bn.
According to the recently-published report, global market for bamboos is expected to be valued at US$ 3.6 Bn by the end of 2017. During the forecast period 2017-2027, the global bamboos market is projected to soar at a value CAGR of 10.6%. In terms of volume, the market is slated to record global sales of more than 24,000 KT by the end of 2017, and will reflect a 10.1% CAGR over the assessment period.
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