As per Future Market Insights (FMI), the bamboo packaging market is expected to grow at a 6.4% CAGR during the forecast period (2022-2032).
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The industry grew at a 1.0% CAGR during the year 2015-2021
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Across the globe, the preference for eco-friendly packaging for products in diverse industries is increasing rapidly.
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Manufacturers are using this packaging for a plethora of products such as cups & straws, bottles & jars, boxes & cartons.
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As the demand is shifting from single-use plastic to sustainable packaging, the adoption of bamboo packaging is predicted to surge.
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The governments of various countries such as India, China, the U.S., and others have initiated to promote the bamboo packaging.
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The National Bamboo Mission by the Government of India was announced to curb the use of plastic and reduce carbon footprints.
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Bamboo packaging has various benefits due to its anti-bacterial packaging.
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It also makes the products look more aesthetic.
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