The bamboo furniture market is witnessing strong growth, increasing from $11.94 billion in 2023 to $12.75 billion in 2024, representing a CAGR of 6.8%. This growth is fueled by rising consumer demand for sustainable furniture, craftsmanship, and eco-friendly alternatives. The market is expected to reach $16.66 billion by 2028, at a CAGR of 6.9%. Key trends include a focus on minimalist designs, outdoor furniture expansion, and the integration of health and wellness elements into furniture design.
Major Driver In The Bamboo Furniture Market
The growing demand for eco-friendly products is set to propel the bamboo furniture market. Eco-friendly products are designed to minimize environmental impact, appealing to consumers increasingly concerned about sustainability. Bamboo furniture, known for its rapid growth and minimal environmental footprint, meets the demand for greener alternatives. A report by Trivium Packaging in April 2022 found that 86% of consumers were willing to pay more for sustainable packaging, reflecting a growing preference for environmentally conscious products. This trend is driving the expansion of the bamboo furniture market.
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Bamboo Furniture Market Competitive Landscape
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
Key Bamboo Furniture Market Trend
Companies in the bamboo furniture market are responding to increasing consumer demand for sustainable products by offering eco-friendly storage solutions. MUJI Australia introduced a bamboo storage range in March 2024, featuring versatile and easily assembled pieces that add aesthetic value while promoting the use of renewable resources, ideal for environmentally conscious consumers.
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Bamboo Furniture Market Segmentation
The bamboo furniture market covered in this report is segmented –
1) By Type: Chairs And Tables, Stools, Beds, Other Types
2) By Distribution Channel: Online, Offline
3) By End-User: Residential, Commercial
By Geography:The regions covered in the bamboo furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the bamboo furniture market in 2023.
The Bamboo Furniture Global Market Report 2024 furnishes information about the global bamboo furniture market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
