International launched new product Bamboo UltraDensity to expand its presence in the bamboos market

The Asia Pacific is expected to dominate the global bamboos market and this is attributed to the growing demand for organic food products in the region. According to the India Brand Equity Foundation, India produced around 1.70 million MT (2017–18) of certified organic products which include all varieties of food products namely Oil Seeds, Sugar cane, Cereals & Millets, Cotton, Pulses, Medicinal Plants, Tea, Fruits, Spices, Dry Fruits, Vegetables, Coffee, etc.

1. In 2017, MOSO International launched new product Bamboo UltraDensity, a new solution for the flooring sector.
2. In June 2018, Numaligarh Refinery Limited (NRL) formed a joint venture with Chempolis Oy (Finland-based supplier of bio-refinery technologies) and Fortum 3 BV (Netherlands-based Energy Company) to form Assam Bio-Refinery Pvt Ltd (ABRPL). The new company, ABRPL will generate bio-ethanol, other chemicals, and electricity using bamboo biomass.
3. In 2017, MOSO International opened its new subsidiary MOSO North America. The company will focus on expanding its presence in U.S. and Canada markets. The company will market its outdoor collection Bamboo X-treme.
4. In April 2018, BAP Industries (Guatemala-based manufacturer of pulp and associated paper & textile products) signed a 10-year exclusive bamboo purchase agreement with EcoPlanet Bamboo Group. BAP will invest in the construction and operation of bamboo bio-refinery and associated paper mills. The plant will be located in Nicaragua and will have the capacity to process 2, 50,000 metric tons of bamboo annually.

Growing demand for paper and paperboard globally is expected to foster the growth of the bamboos market. Bamboo has a major application in the paper &pulp industry. According to Toner Buzz, the average person in the US uses more than 700 pounds of paper every year. That’s the highest paper usage figure per capita worldwide. In the last 20 years, the usage of paper products in the US reached 208 million tons (up from 92 million), which is a growth of 126%. Every year more than 24 billion newspapers, 350 million magazines, and 2 billion books are published in the US. Moreover, the increasing use of bamboo shoots in foods due to its various health benefits such as low calorie and rich in minerals such as iron, copper, and potassium is expected to augment the growth of the bamboos market.

Bamboos are tall grasses that grow up to 3 feet (if not more) high. Bamboo can be found almost anywhere, and it can be found growing in fields, swamps, forests, backyards, parks, gardens, man-made reservoirs, and even on some residential backyards. These grasses grow in many different colors and are usually susceptible to bald patches or brown patches. Typically, bamboo is milled into yarns that are used for tapestry and decorating purposes. Some bamboo fibers are also used in clothing because of their lightweight, natural appearance, and comfortable feel.