Bamboo Furniture Market Report 2024

The bamboo furniture market size has grown strongly in recent years. It will grow from $11.94 billion in 2023 to $12.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth during the historic period can be attributed to the increasing demand for sustainable bamboo furniture, a focus on craftsmanship driving interest in bamboo products, commercial success of bamboo furniture, rising demand for bamboo office furniture, and the growing need for eco-friendly alternatives in furniture production.

The bamboo furniture market size is expected to see strong growth in the next few years. It will grow to $16.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth during the forecast period can be attributed to the increasing demand for eco-friendly products, heightened awareness of sustainability, greater adoption of bamboo furniture, strong demand for durable furniture, and rising government initiatives. Major trends expected during this period include a heightened focus on sustainability, minimalist and modern designs, expansion into outdoor furniture, integration of health and wellness features, incorporation of smart furniture elements, appeal of artisanal and handmade items, and development of compact and multi-functional furniture.

The increasing demand for eco-friendly products is expected to drive the growth of the bamboo furniture market. Eco-friendly products, also known as environmentally friendly or green products, are designed to minimize environmental impact. They are made from sustainable materials, use energy-efficient processes, and often encourage recycling and reuse. Government regulations and policies that promote sustainability and reduce carbon emissions are pushing companies and consumers toward greener choices. Bamboo furniture benefits from bamboo's rapid growth and low environmental impact, making it appealing to eco-conscious consumers. For instance, a report by Trivium Packaging in April 2022 revealed that 86% of consumers were willing to pay more for sustainable packaging, up from 83% in 2021. Thus, the rising demand for eco-friendly manufacturing processes is fueling growth in the bamboo furniture market.

Key companies in the bamboo furniture market are focusing on creating sustainable storage solutions to meet the increasing consumer demand for eco-friendly products, while also reducing environmental impact and promoting renewable resources. Sustainable storage solutions use eco-friendly materials and practices to lessen ecological footprints. For example, in March 2024, MUJI Australia, a provider of household goods, apparel, stationery, and food items, launched a bamboo storage range. This collection includes items such as desktop storage, towel racks, and corner shelving, all made from lightweight bamboo. These pieces are easy to assemble and disassemble, making them perfect for frequent movers, and they seamlessly integrate into any décor, adding a touch of warmth to living spaces. The bamboo storage range offers versatile solutions for various rooms in the home.

In November 2023, the Government of Sarawak, which oversees Sarawak, a state on Borneo in Malaysia, collaborated with several organizations, including the Sarawak Timber Industry Development Corporation (STIDC), Bintulu Development Authority (BDA), and private companies such as Pertama Ferroalloys Sdn Bhd, to expand bamboo plantations. The government allocated approximately 10,000 hectares for commercial bamboo plantations and an additional 1,640 hectares for community plantations.

Major companies operating in the bamboo furniture market are Inter IKEA Systems B.V., Zinus, Dasso Group, Utsav Handicraft, VivaTerra, Bamboo Village Company Limited, Bamboo Revolution, Greenington Bamboo Furniture, Bamboo Creasian Inc., Laura James, Rose and Grey, Hadeda Limited, Ha Thai Bamboo Lacquer Co. Ltd., CBG Bamboo Garden Products Co. Ltd., Kerala State Bamboo Corporation Ltd., Bamboopecker, Moso bamboo, Luit Nirman, Keico Limited Company, ZAANCREATION, Fuzen Decor Bali.

Asia-Pacific was the largest region in the bamboo furniture market in 2023. The regions covered in the bamboo furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the bamboo furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Bamboo furniture consists of items made from bamboo, a rapidly growing, renewable grass celebrated for its strength, durability, and environmental benefits. This category encompasses a variety of products, including chairs, tables, beds, shelves, cabinets, and decorative pieces. Bamboo furniture is favored for its low environmental impact and can be harvested with minimal harm to ecosystems.

The main types of bamboo furniture include chairs, tables, stools, beds, and other items. Bamboo chairs and tables are both eco-friendly and durable, serving seating and surface needs. Bamboo chairs provide sturdy yet lightweight seating suitable for indoor and outdoor use. These products are available through various distribution channels, both online and offline, and cater to a wide range of end-users, including residential and commercial settings.

The bamboo furniture market research report is one of a series of new reports that provides bamboo furniture market statistics, including the bamboo furniture industry global market size, regional shares, competitors with the bamboo furniture market share, detailed bamboo furniture market segments, market trends, and opportunities, and any further data you may need to thrive in the bamboo furniture industry. These bamboo furniture market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The bamboo furniture market consists of sales of beds, trolleys, shelves, and stands. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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