South Korea Bamboo Market Report and Forecast 2024-2032

South Korea Bamboo Market Outlook

The South Korea Bamboo market is expected to grow at a CAGR of about 4.7% in the forecast period of 2024-2032. Various applications in various industries and an increased inclination toward eco-friendly and sustainable products are expected to bolster the bamboo market during the given forecast period.

Numerous Applications of Bamboo in the Construction and Interior Design Products, Along with Sustainability Features, are Advancing the Market

Bamboo's use for various practical purposes has a long history. Builders created scaffolding from ladders, and manufacturers developed pipes inspired by irrigation systems for different services. The use of bamboo is still appropriate at every level of construction, just as it was in the past. However, many builders also utilize bamboo for decorative objectives and structural and functional ones . Since its cultivation promotes carbon fixation, cleans the air, and stops soil erosion, bamboo is a sustainable resource. Employing bamboo for various purposes provides growth opportunities for key players in the South Korea bamboo market.

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Builders use bamboos in structures as they are naturally designed to withstand earthquakes because of their flexibility . The material can recover to its former state and bends when subjected to external stress instead of breaking. Bamboo's elasticity makes it a good material for curved applications like sculptures and handbag handles. Bamboo has a long lifespan in addition to being flexible. It's a better option for humid locations because it warps less easily than wood. Therefore, bamboo products last much longer because bamboo doesn't bend as frequently as wood. Since bamboo is a grass species, it is also more resistant to pests and diseases than trees and hardwood. Increasing investments in eco-friendly infrastructure encourage manufacturers to use sustainable construction materials, which drives sales of bamboo goods. Consumers' growing knowledge of bamboo's advantages will keep driving up the bamboo sales in the South Korean market.

Market segmentations

Bamboo is grass  from the Poaceae plant family that grows quickly and rapidly in many variations. It is regarded as one of the world's fastest-growing wood plants. Bamboo's production quickly relieves the strain on conventional hardwood forest production because of its quick regrowth and durability. Although bamboo can grow in most climates, it is mainly associated with tropical weather regions.

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By application, the market can be segmented into:

• Wood and Furniture

• Construction

• Paper and Pulp

• Textile

• Shoots

• Others

Various Health Benefits and the Increasing Trend of Using Sustainable Products in Residential, Commercial, and Industrial Sectors are Boosting the Growth of Bamboo Market

People can consume only a few bamboo species. The advantages of bamboo shoots for health  are well recognized. This comprises anti-inflammatory effects, balanced cholesterol, and weight loss. Also, bamboo shoots are rich in vitamins. Champong, udon, and numerous vegetable stir-fry dishes frequently contain bamboo shoots in the recipes. They have a high fibre content, which lowers cholesterol and improves digestion. They help to reduce blood pressure since they are high in potassium. Additionally, lignans, a beneficial phytochemical found in bamboo shoots, have been shown to have anti-cancer, anti-fungal, and antiviral capabilities. Bamboo shoots can be purchased fresh, dried, or canned. The South Korea bamboo industry is anticipated to experience a spike in sales due to the growing consumer awareness of consuming healthy food products.

Another indicator of this fast-growing plant's expanding influence on the South Korea bamboo market is its application in exquisite cuisine by top chefs . Many household and kitchen products are made from bamboo. In contrast to plastic boards, which tend to bend and wither in moderate temperatures, bamboo boards remain stable and robust in all kinds of weather. They are more bacterial growth resistant. Bamboo cutting boards are replacing plastic ones in the culinary industry. Since customers are now inclined toward eco-friendly products and a healthy lifestyle, the bamboo dinnerware and cutlery are getting popular among food service companies as well which is propelling the growth of the South Korea bamboo market.

Bamboo is quickly becoming a popular component in skincare items, particularly in K-beauty, due to its numerous benefits. It gives the skin an adequate amount of firmness and bounce, making it the best choice for skin prone to acne. Bamboo contains 70% naturally occurring silica, which promotes collagen and gives rise to firmer skin, stronger nails and hair. Bamboo extract protects the skin against free radical damage, reduces fine wrinkles, and keeps the skin moisturised and supple. Consumption of bamboo extracts, serums, and sheet masks has surged due to these health advantages. Since South Korean beauty standards are quite high, the popularity of such beauty and skincare products has greatly contributed to the growth of the South Korea bamboo market size.

Under the Carbon Neutrality Act , South Korea intends to reduce greenhouse gas emissions by 40% from 2018 to 2030. The country has aimed to achieve carbon neutrality by 2050, joining 13 other countries. Bamboo is recognized to function as a carbon sink since it can absorb two times as much carbon dioxide as trees. Additionally, it produces up to 30% more oxygen than most plants and trees. As a result, their cultivation is widely supported throughout the world. The South Korea bamboo market will continue to rise due to the support from the South Korean government via such initiatives and acts and growing consumer demands.

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Key Players in the South Korean Bamboo Market

The report provides an in-depth research of the following prominent players in the South Korea xx market, giving a detailed understanding about the competitive landscape, capacity, and recent developments including mergers, acquisitions, and investments, capacity expansion, and plant turnarounds:

• Fawoo Engineering Co., Ltd.

• Daechang Co., Ltd.

• Insan Bamboo Salt Inc.

• Others

The EMR report provides a detailed assessment of the market on the basis of the Porter's five forces model, combined with a SWOT analysis.

Key Highlights of the Report