P7-T Market by 2023! Philippine Bamboo Looms As Major Export Commodity

Just in case our Economic Managers are looking for ways to increase the country’s export earnings, balance the trade deficit and raise funds to pay off our gargantuan debts, the development of the Philippine Bamboo Industry should be considered as a priority project of the Maharlika Investment Fund.
Bamboo, an endemic species in the Philippines which is even part of our “Si Malakas at Si Managanda” Creation Lore, has a growing World Market size is estimated to be worth around $125.6-B by 2032 or P7-T, bigger than the current Philippine National Budget.
MarketResearch.Biz said “Due to the growing awareness and importance of natural and sustainable products, the global Bamboos Market has become an industry standard. There are countless applications for bamboo, including construction, textiles, cosmetics, and furniture.”
“The market overview of Bamboos reveals that the growth of the market is driven by a number of factors, such as the growing emphasis on sustainability, the demand for non-toxic and eco-friendly products, and the development of innovative technologies that make Bamboo products more durable and long-lasting,” the research report said.
There are already existing Bamboo Processing Facilities all over the country, especially in Mindanao, whose production and processing capacity could be boosted with support funding from government.
Establishing additional Bamboo Production Clusters, especially in the upstream of identified major river basins of the country, should be part of the investment priorities of the MIF.
This will not only generate revenues, provide jobs and boost the economy but also address environmental problems caused by flooding and soil erosion.
#GovernanceIsCommonSense!
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