Bamboo is widely used as a raw material for the production of paper and paperboard in the paper and pulp industry. Over the projection period, the global bamboo industry is expected to grow due to increased demand for paper and paperboard internationally. Global demand for paper and paperboard was 390 million tonnes in 2015, according to PG Paper, and is predicted to reach 490 million tonnes by 2020.
Bamboo is used extensively in the paper and pulp industry as a raw material for the production of paper and paperboard. Over the projected period, the worldwide bamboo sector is expected to develop due to rising demand for paper and paperboard. Global demand for paper and paperboard was 390 million tonnes in 2015, according to PG Paper, and is predicted to rise to 490 million tonnes by 2020.
Due to high use of bamboo in the paper & pulp sector as well as the construction industry, Asia Pacific is predicted to dominate the global bamboo market. The Bamboos Market is also growing due to the expanding building industry and increased disposable income. According to the Central Pulp & Paper Research Institute-India, India's paper and pulp consumption was 17.99 million tonnes in 2014-15, rising to 18.48 million tonnes in 2015-16.