- Wood Fiber Composites,
- Non-wood Fiber Composites
Biocomposites Market size is valued at USD 22,303.8 Million in 2022 and is poised to grow at a significant CAGR of 14.4% from 2023-2029. 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 2022-2028. 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.
Biocomposites Market Key Development:
- In December 2021, Decorators, Inc., a subsidiary of Universal Forest Products, Inc., acquired Ultra Aluminum Manufacturing Inc. It is one of the prominent producers of Aluminum railing, fencing, and gates.
Biocomposites Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
14.4%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Biocomposites Market Drivers
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.
Asia-Pacific Got Significant Share
Biocomposites Market
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
Key Features of the Reports
- The biocomposites market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The biocomposites market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The biocomposites market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The biocomposites market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The biocomposites market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Biocomposites Market Segmentation
By Fiber Type
By Polymer Type
- Natural Polymer Composites,
- Synthetic Polymer Composites
By Product
- Hybrid Biocomposites,
- Green Biocomposites
By End User
- Building & Construction,
- Transportation,
- Consumer Goods,
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Frequently Asked Questions
The biocomposites market is projected to expand at a CAGR of 14.4% during the forecast period.
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, 2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Wood Fiber Composites |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1. Natural Polymer Composites |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Hybrid Biocomposites |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. Building & Construction |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2023-2029 |
| 10. North America Biocomposites Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. Fiber Type Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 10.7. North America Biocomposites Market Dynamics Trends |
| 11. Europe Biocomposites Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. Fiber Type Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 11.7. Europe Biocomposites Market Dynamics Trends |
| 12. Asia-Pacific Biocomposites Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. Fiber Type Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 12.7. Asia-Pacific Biocomposites Market Dynamics Trends |
| 13. Latin America Biocomposites Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. Fiber Type Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 13.7. Latin America Biocomposites Market Dynamics Trends |
| 14. Middle East and Africa Biocomposites Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 14.1. Fiber Type Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 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 |
- 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.