💡 A Deep Dive into India's ~ $345 Million Bamboo Industry
ReadOn Insights October Report: India's Bamboo Industry. Read on!
ReadOn Insights is our latest initiative to make quality industry insights available to all business owners, employees, professionals and investors and enable them to think sharper, deeper, smarter.
In the fifteenth edition, we look at the ~$345 million bamboo industry in India.
Do share your feedback on the report via a reply to this email!
👉 India's bamboo industry is growing at a 9.7% CAGR, and is expected to reach $472 million by 2030
👉 Rising disposable income, growing sustainability trend, versatile use-cases of bamboo and government initiatives are driving growth for the industry.
👉 India is the world's second-largest producer of bamboo, accounting for 30% of the world's bamboo resources. Yet, we import 88% of our bamboo requirements due to policy gaps, demand-supply mismatches and lack of standardisation in the industry.
👉 From construction and textiles to paper and gifting, bamboo has endless use-cases!
With established brands and new age brands stirring innovation, the future of this industry looks very exciting! Read on 👇🏻
#india #research #business #economy
🤓 Don’t want to miss out on more such research reports?
Join our ReadOn Exclusive Club!
Get regular updates, insights, and exclusive content that will keep you informed about the latest trends in emerging industries, and innovative ideas shaping India. Join now.