Download Free Sample
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Biocomposites Market: By Fiber Type, By Polymer Type, By Product, By End User and Geography
Biocomposites Market: By Fiber Type, By Polymer Type, By Product, By End User and Geography
Biocomposites Market size is valued at US$ 26,903.7 million in 2023 and is poised to grow at a significant CAGR of 14.4% from 2024-2030. The global market provides a detailed overview and that can be segmented By Fiber Type, Polymer Type, Product, and End User. By fiber, the biocomposites market has been segmented into Wood Fiber Composites and Non-wood Fiber Composites. The wood fiber composites segment is likely to be the largest and fastest-growing segment in terms of fiber type. Based on polymer type, biocomposites market is segmented into Natural Polymer Composites, Synthetic Polymer Composites.Among these, the natural polymer composites segment is expected to have the fastest-growing market during the forecast period 2024-2030.
Based on Product, the biocomposites market is segmented into Hybrid Biocomposites, Green Biocomposites. The Hybrid biocomposites segment accounts for the largest share in 2021. Green Biocomposites is the second-largest share during the forecast period 2021-2028. Based on the end-user has been segregated into Building & Construction, Transportation, Consumer Goods, and Others. The building & construction segment is expected to dominate other segments in the Biocomposites market. The Transportation segment is expected to witness the highest CAGR during the forecast period according to precision business insights.
Study Period
2024-2030Base Year
2023CAGR
14.4%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The biocomposites market is growing due to the rise in demand from building & construction, transportation, consumer goods, and other end-use industries across the globe.
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 26,903.7 million |
|
Market CAGR |
14.4% |
|
By Fiber Type |
|
|
By Polymer Type |
|
|
By Product |
|
|
By End User |
|
|
By Region |
|
Download Free Sample Report
The global biocomposites market size was valued at US$ 26,903.7 million in 2023 and is projected to grow at a CAGR of 14.4% from 2024 to 2030.
The major players in the biocomposites market are Arkema, Mitsubishi Plastics, Inc., Huntsman Corporation, UFP Industries, Inc., Trex Company, Inc., NPSP BV, Tecnaro GMBH, Newtechwood, Green Bay Decking, FlexForm Technologies, Advanced Environmental Recycling Technologies, Inc.
Asia Pacific is the fastest-growing region for biocomposites market
| 1. Executive Summary |
| 2. Global Biocomposites Market Introduction |
| 2.1. Global Biocomposites Market Taxonomy |
| 2.2. Global Biocomposites Market Definitions |
| 2.2.1. By Fiber Type |
| 2.2.2. By Polymer Type |
| 2.2.3. By Product |
| 2.2.4. By End User |
| 2.2.5. By Region |
| 3. Global Biocomposites Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Biocomposites Market Dynamic Factors - Impact Analysis |
| 3.6. Global Biocomposites Market Competition Landscape |
| 4. Global Biocomposites Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Biocomposites Market, By Fiber Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Wood Fiber Composites |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Non-wood Fiber Composites |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Biocomposites Market, By Polymer Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Natural Polymer Composites |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Synthetic Polymer Composites |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Biocomposites Market, By Product, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Hybrid Biocomposites |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Green Biocomposites |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Biocomposites Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Building & Construction |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Transportation |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Consumer Goods |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Others |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9. Global Biocomposites Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Biocomposites Market - Opportunity Analysis Index, By Fiber Type, By Polymer Type, By Biocomposites, By End User, and Region, 2024 - 2030 |
| 10. North America Biocomposites Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Wood Fiber Composites |
| 10.1.2. Non-wood Fiber Composites |
| 10.2. Polymer Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Natural Polymer Composites |
| 10.2.2. Synthetic Polymer Composites |
| 10.3. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Hybrid Biocomposites |
| 10.3.2. Green Biocomposites |
| 10.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Building & Construction |
| 10.4.2. Transportation |
| 10.4.3. Consumer Goods |
| 10.4.4. Others |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. USA |
| 10.5.2. Canada |
| 10.6. North America Biocomposites Market - Opportunity Analysis Index, By Fiber Type, By Polymer Type, By Product, By End User, and Country, 2024 - 2030 |
| 10.7. North America Biocomposites Market Dynamics Trends |
| 11. Europe Biocomposites Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Wood Fiber Composites |
| 11.1.2. Non-wood Fiber Composites |
| 11.2. Polymer Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Natural Polymer Composites |
| 11.2.2. Synthetic Polymer Composites |
| 11.3. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Hybrid Biocomposites |
| 11.3.2. Green Biocomposites |
| 11.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Building & Construction |
| 11.4.2. Transportation |
| 11.4.3. Consumer Goods |
| 11.4.4. Others |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Rest of Europe |
| 11.6. Europe Biocomposites Market - Opportunity Analysis Index, By Fiber Type, Polymer Type, Product, End User, and Country, 2024 - 2030 |
| 11.7. Europe Biocomposites Market Dynamics Trends |
| 12. Asia-Pacific Biocomposites Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Wood Fiber Composites |
| 12.1.2. Non-wood Fiber Composites |
| 12.2. Polymer Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Natural Polymer Composites |
| 12.2.2. Synthetic Polymer Composites |
| 12.3. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Hybrid Biocomposites |
| 12.3.2. Green Biocomposites |
| 12.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Building & Construction |
| 12.4.2. Transportation |
| 12.4.3. Consumer Goods |
| 12.4.4. Others |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. China |
| 12.5.2. India |
| 12.5.3. Japan |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Biocomposites Market - Opportunity Analysis Index, By Fiber Type, Polymer Type, Product, End User, and Country, 2024 - 2030 |
| 12.7. Asia-Pacific Biocomposites Market Dynamics Trends |
| 13. Latin America Biocomposites Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Wood Fiber Composites |
| 13.1.2. Non-wood Fiber Composites |
| 13.2. Polymer Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Natural Polymer Composites |
| 13.2.2. Synthetic Polymer Composites |
| 13.3. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Hybrid Biocomposites |
| 13.3.2. Green Biocomposites |
| 13.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Building & Construction |
| 13.4.2. Transportation |
| 13.4.3. Consumer Goods |
| 13.4.4. Others |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Rest of Latin America |
| 13.6. Latin America Biocomposites Market - Opportunity Analysis Index, By Fiber Type, Polymer Type, Product, End User, and Country, 2024 - 2030 |
| 13.7. Latin America Biocomposites Market Dynamics Trends |
| 14. Middle East and Africa Biocomposites Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 14.1. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Wood Fiber Composites |
| 14.1.2. Non-wood Fiber Composites |
| 14.2. Polymer Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1. Natural Polymer Composites |
| 14.2.2. Synthetic Polymer Composites |
| 14.3. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Hybrid Biocomposites |
| 14.3.2. Green Biocomposites |
| 14.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Building & Construction |
| 14.4.2. Transportation |
| 14.4.3. Consumer Goods |
| 14.4.4. Others |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf CoEnd User Council (GCC) Countries |
| 14.5.2. South Africa |
| 14.5.3. Rest of MEA |
| 14.6. MEA Biocomposites Market - Opportunity Analysis Index, By Fiber Type, Polymer Type, Product, End User, and Country, 2024 - 2030 |
| 14.7. MEA Biocomposites Market Dynamics Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Key Fiber Types, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. Arkema |
| 15.2.2. Mitsubishi Plastics, Inc. |
| 15.2.3. Huntsman Corporation |
| 15.2.4. UFP Industries, Inc. |
| 15.2.5. Trex Company, Inc. |
| 15.2.6. NPSP BV |
| 15.2.7. Tecnaro GMBH |
| 15.2.8. Newtechwood |
| 15.2.9. Green Bay Decking |
| 15.2.10. FlexForm Technologies |
| 15.2.11. Advanced Environmental Recycling Technologies, Inc. |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.