This Report Provides In-Depth Analysis of the Biocomposites Market Report Prepared by P&S Intelligence, Segmented by Type (Structural, Non-Structural), Fiber Type (Wood-Plastic Composites, Natural Fiber Composites), Application (Construction, Automotive, Consumer Goods, Aerospace, Packaging, Medical), and Geographical Outlook for the Period of 2019 to 2032
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Biocomposites Market Outlook
In 2024, the biocomposites market size stood at USD 36.7 billion, which is projected to witness 15.8% CAGR during 2025–2032, reaching USD 117.5 billion by 2032.
The growing public awareness of environment-friendly materials and the government initiatives to replace plastics with such alternatives are the two key drivers for the market. Additionally, the increasing need of the automotive industry to improve passenger safety and lighten the vehicles is set to drive material demand.
The major benefits of such materials are their low weight and biodegradability. The world is currently dealing with the alarming issue of mounds of plastic trash. Plastic cannot dissolve and will not do so for many centuries. Hence, governments all across the world are putting strict limitations on the use of these materials and promoting eco-friendly alternatives.
NFCs are emerging as a lightweight, low cost, and environmentally superior alternatives to glass as well as carbon fibers composites. Biocomposites are environmentally superior to glass fiber composites as they cause lower environmental impacts, have higher fiber content, improve fuel efficiency, reduce GHG emissions, especially in auto applications, and lastly, end of life incineration of natural fibers results in recovered energy and carbon credit. Hence, these advantages of NFCs surge their demand globally, thus accelerating the market growth.
Biocomposites Market Emerging Trends
Global Focus on Sustainability Is Major Trend in Market
Traditionally, plastic composites were widely used in various end-use industries.
However, the United Nations says that over 20 million tonnes of plastic waste enter the earth’s waterbodies each year.
Even though polymers take thousands of years to degrade, offering opportunities to recycle, less than 10% of that produced till now has been reprocessed and reused.
Owing to the environmental impacts of plastic composites, such as air pollution and landfill issues, researchers and scientists are developing biocomposites derived from natural sources.
Biocomposites offer several advantages over synthetic composites such as lower cost, lower environmental impacts, ease of disposability (as these are biodegradable), and higher fiber content that results in reducing pollution. Also, lightweight of NFCs improves fuel efficiency and reduces emission.
Hence, due to the cheap, recyclable, and biodegradable nature, consumer preference is changing from plastic composites to eco-friendly biocomposites, thus forming the major trend in the market.
Growing Demand in Automotive Industry Drives Market
As per studies, energy generation contributes over 70% of the global emissions, and transportation accounts for 15% of all energy-related emissions.
Therefore, this industry is witnessing a rising demand for lightweight materials, to develop fuel-efficient vehicles that meet government standards, such as the Corporate Average Fuel Economy standards of 54.5 mpg by 2025 and the EU CO2 emission limited 95 g/km, enforced in 2020.
Biocomposites are not only lightweight, but they also reduce the dependence on non-renewable resources, such as conventional petroleum-based polymers.
Additionally, they provide huge energy and cost savings to manufacturers, prompting Ford Motor Co. and other automakers to research these materials.
NFCs are widely used in the interior parts of automobiles, such as doors, driver cabins, windows, and dashboards.
On the other hand, rear shelves, seat bases, trims for and spare wheels and trunks, headliners, and interior trims for doors are majorly constructed out of WPCs.
Hence, almost all North American and European OEMs have incorporated them into their ambitious weight reduction plans, in response to the strict environmental regulations.
Segmentation and Category Analysis
Application Insights
The construction industry held the largest share, of 35%, in terms of value, in 2024. The increasing awareness about the advantages of biocomposites is fueling the demand for them across industries. In the construction industry, they are used in flooring, decks, decorative paneling, roofing, doors, windows, and framing of walls and wallboard. The growing construction activities in emerging economies due to the massive government investments to improve public infrastructure is expected to boost the industry revenue significantly.
For instance, the Kingdom of Saudi Arabia's expansive infrastructure projects, including the Qiddiya Entertainment City, Red Sea Project, Neom City, and King Abdullah Financial District, under the Saudi Vision 2030 development plan, are expected to accelerate the growth of infrastructure and support business and corporate expansion.
Overall, around USD 1 trillion worth of projects are planned or under construction in the kingdom, which will propel the demand for biocomposites in Saudi Arabia. Apart from AMAALA, Jabal Omar, King Salman Park, Diriyah Gate, and other mega construction projects, the Saudi government has also invested in home maintenance startups, including B8ak, Ajeer, FalconViz, and Muqawiloon.
The aerospace sector is expected witness the fastest growth during the forecast period. In aerospace application, biocomposites are used in interior parts of aircraft, such as galleys, seat frames, cabin components, lavatories, floor boards, wall and ceiling panels, and stowage bins. These materials help in reducing the overall aircraft weight, increase space for more seats, and decrease fuel consumption. Also, these composites are added to external components of aircraft for the purpose of radar-absorption, corrosion resistance, ultraviolet absorption, and exterior durability. Widely used aircraft with composite components are the Airbus A350 XWB, Boeing 787 Dreamliner, Boeing 767, and Boeing 777.
While the major purpose of the civil aviation industry behind using composites in planes is reduction in fuel consumption and associated GHG emissions, the military aviation industry is doing so make aircraft faster, highly agile, and more-easily maneuverable. The latter becomes important in defense operations, where the plane might need to bomb an area and get away quickly or engage in dogfights for air superiority. Traditionally, composites majorly containing aramid fibers, carbon fibers and fiberglass have been used in the aerospace sector, but its focus on achieving sustainability is now driving the adoption of composites with at least one component sourced from nature. Some prominent military aircraft containing composite components are B-2 Sprit, F-14 Tomcat, F/A18 Hornet, F-35 Lightning II, and C-17 Globemaster.
These applications are covered:
Construction (Largest Category)
Automotive
Consumer Goods
Aerospace (Fastest-Growing Category)
Packaging
Medical
Others
Type Insights
The structural bifurcation dominated the market in 2024, and it will also witness the higher CAGR, of 65%, over the forecast period. This is ascribed to it superior load bearing property, over other types. This property enables its wide range of applications in construction of roof systems, subfloors, stairs, framing components, and furniture. In the housing industry, these are used for the construction of roof systems, load bearing walls, subfloors, framing components, stairs, and furniture. These composites are generally made with a low-cost adhesive and contain a thermosetting resin that is higher in cost, but stable to moisture.
These types are covered:
Structural (Larger and Faster-Growing Category)
Non-Structural
Fiber Type Insights
The wood fiber bifurcation held the larger revenue share in 2024, of 60%, and it will also witness the higher CAGR during the forecast period. WPCs contain easily available fibers that offer low production and operational cost. Additionally, they require reduced maintenance, environment-friendliness, and greater return on investment, which is why they are widely used in outdoor applications, where environmental forces damage other materials easily. As a result, decks and railings have quickly become key applications of WPCs in the construction industry. Another among their advantages is that these can be made from biodegradable, renewable, and recycled materials. WPCs also reduce energy use, since they melt at lower temperatures than typical plastics.
These fiber types are covered:
Wood–Plastic Composites (WPCs) (Larger and Faster-Growing Category)
Natural Fiber Composites (NFCs)
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Biocomposites Market Regional Growth Dynamics
APAC held the largest value share in the global market in 2024, of 40%, and it also has the highest CAGR, of 16%, on account of the rapid industrialization. Essentially, the market growth in the region is fueled by the increasing demand for these materials from the automotive, construction, and consumer goods industries. This is owing to their lower weight, ease of recycling, carbon dioxide-neutrality while burning, and lower energy consumption while being manufactured. Additionally, the surging requirement for biodegradable, non-toxic, and moisture- as well as thermally resistant materials in the building and construction industry is set to drive the market in this region.
Further, APAC is turning into a hub for biocomposite manufacturers, and it is expected to report a high demand for these materials in the coming years. Governments here strongly promote the usage of cellulose and jute, both of which are used in natural-fiber composites. Furthermore, such materials are increasingly being employed in fabricating cooling tower units, to resist corrosion due to moisture.
Depending on the application, wood flour, wood fibers, bast fibers, such as hemp, flax, jute, and kenaf; bamboo, cork, and fibers of sunflower seed shells are used for the production of composites. The application areas range from technical applications and furniture to consumer goods that are produced mainly through injection-molding, 3D printing, and roto molding.
Natural composites provide strong load carrying capacities and high heat and corrosion resistance to aircraft parts; thus, with the increase in the production of aircraft, the demand for such materials will also increase.
Additionally, the automotive industry is augmenting its usage of high-performance bio-based materials to meet sustainability targets.
The regions and countries analyzed for this report include:
North America
U.S. (Larger Country Market)
Canada (Faster-Growing Country Market)
Europe
Germany (Largest Country Market)
U.K.
France
Italy
Spain (Fastest-Growing Country Market)
Rest of Europe
Asia-Pacific (APAC) (Largest and Fastest-Growing Regional Market)
China (Largest Country Market)
Japan
India (Fastest-Growing Country Market)
South Korea
Australia
Rest of APAC
Latin America (LATAM)
Brazil (Largest Country Market)
Mexico (Fastest-Growing Country Market)
Rest of LATAM
Middle East and Africa (MEA)
Saudi Arabia (Largest Country Market)
South Africa
U.A.E. (Fastest-Growing Country Market)
Rest of MEA
Biocomposites Market Competitive Landscape
The market is fragmented as there are a variety of wood fiber and natural fiber composites for numerous applications.
Wood, plant, and even animal-derived fibers can be paired with plastics, metals, ceramics, and other materials to create biocomposites, which offers endless possibilities and opportunities in this field.
Thus, with technological advances in material sciences and the growing focus on sustainability, many new companies are coming up with newer kinds of biocomposites that offer the strength of conventional materials but carry a fraction of their weight.
Another reason for the market fragmentation is the significant presence of SMEs, especially in emerging economies.
Key Biocomposite Companies:
Meshlin Composites Zrt.
AL.P.A.S. s.r.l.
MCG BioComposites LLC
JELU-WERK J. Ehrler GmbH & Co. KG
FlexForm Technologies
Deck Store SC
UFP Industries Inc.
Trex Company Inc.
Tecnaro GmbH
Fiberon LLC
R
Stora Enso Oyj
Biocomposites Market News & Updates
In April 2024, VTT Technical Research Centre and ISKU co-developed a chair from a biocomposite, which contains wood pulp, polypropylene, and natural fibers.
In January 2023, Green Dot Bioplastics’ Terratek BD compostable film resins received the TÜV Certification for home and industrial compostability. They are a more-sustainable alternative to traditional resins, with a significantly lower carbon content. These formulations can be used as standalone films for vertical form fill and seal (VFFS) and horizontal form fill and seal (HFFS) applications, as well as sealant webs in compostable laminations. Terratek BD formulations are designed for use in both blown and cast-film extrusion, in addition to offering grades suitable for injection-molding and profile extrusion.
In February 2022, Tecnaro GmbH received the international ISCC PLUS certification and launched the new ARBOFILL Z family of materials for all common plastic processing technologies in the market.
Frequently Asked Questions About This Report
How big is the biocomposites market?+
The market for biocomposites valued USD 36.7 billion in 2024.
Which is the largest region in the biocomposites industry?+
APAC dominates the biocomposites industry.
What is the competitive insight of the biocomposites market?+
The market for biocomposites is fragmented.
What application has the highest biocomposites industry CAGR?+
Aerospace is the fastest-growing application in the biocomposites industry.
What are the major drivers for the biocomposites market?+
The market for biocomposites is driven by the growing end-use industries and sustainability focus.
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