Press Release

Biocomposites Market to Hit USD 89 Billion Mark by 2030 With an Estimated CAGR of 16%

The Global Biocomposites Market size was valued at around USD36.9 billion in 2024 and is projected to reach USD89 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. This growth is attributed to numerous factors. To decrease the carbon footprint globally, governments are actively boosting the use of eco-friendly strategies by promoting multiple initiatives. The versatility & environment-friendly nature of biocomposites complement the growth of the market.  Also, there is a major demand from the growing automotive industry with their use case in the production of lightweight & emission-less components that further promote fuel efficiency. Moreover, the increasing demand in the construction industry due to their advanced weight reduction & high-strength capabilities is boosting the market growth. They also comply with the latest green building codes, making them one of the most sustainable options in the construction industry. In addition, heightened consumer awareness of biodegradable and bio-based products has increased interest in biocomposites within furniture and consumer electronics.

Various growth opportunities are present in the market that can be capitalized upon by the market players. Investments in bio-based polymers can be made for enhancing durability, and further expanding applications in aerospace and industry. Additionally, the increasing need for sustainable packaging is generating profitable chances to use biocomposites as substitutes for conventional plastics. Emerging markets within the Asia-Pacific area, particularly China and India, are undergoing rapid adoption propelled by government incentives and access to affordable raw materials.

However various challenges are hampering the growing market. High production costs and restricted scalability impede the widespread adoption, as bio-based raw materials and processing methods are costlier than traditional composites. Varying material characteristics, such as moisture sensitivity and diminished mechanical strength, might limit applications in high-performance industries. Limitations in the supply chain, like variations in the accessibility of natural fibers, also pose considerable threats to market expansion. Additionally, the lack of industry standards and regulatory complexities presents challenges for manufacturers seeking to enter the market, further states the research report, “Global Biocomposites Market Analysis, 2025.”

Global Biocomposites Market Segmentation Analysis

Green Biocomposites are in High Demand in the Market

Based on product type, the market is bifurcated into Green Biocomposites, Hybrid Biocomposites, and others. Green Biocomposites owns the biggest share of the Biocomposites Market globally, holding roughly 63.75%. This growth is attributed to stringent government regulations globally for the reduction of carbon footprint. This is increasing the adoption of green biocomposites along with other bio-based alternatives. Also, its extensive demand in the automotive sector for the development of light-weight components propels its growth in the market. Furthermore, it is highly used in the construction industry as these are highly favorable materials for sustainable building solutions that also align with green building solutions. With strong government incentives, rising R&D investments, and increasing consumer preference for sustainable products, green biocomposites are poised for long-term success. It will continue to dominate the market during the forecast period.

Asia-Pacific Region Generating Maximum Market Revenue

Asia Pacific dominates the Global Biocomposites Market. It holds approx. 43% of the global market. Its abundant raw materials, governmental backing, and robust industrial demand lead the international market. China, India, and Japan have a vast supply of natural fibers that can help with decreasing production costs while keeping up with supply chain requirements. Government incentives and sustainability projects at a local level are promoting the utilization of bio-based materials, especially in the construction, automotive, and packaging industries. The rapid industrial development and urbanization of Asia-Pacific creates an increased requirement for lightweight and eco-friendly materials in transportation and infrastructure, creating greater demand in the market. The automotive sector spearheaded by major Chinese and Indian manufacturers, slowly incorporates biocomposites to comply with the fuel efficiency and emission regulations.

In addition, the rise of the packaging industry continues to promote bio-based alternatives to further increase the market. During the forecast period, the Asia-Pacific region remains the global biocomposites market leader with the ability to produce products at low cost and increasing investment made towards research and development.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Stora Enso, UPM, UFP Industries, Inc., Trex Company, Inc., Fiberon LLC, Green Dot Corporation, Procotex Corporation, Bast Fibers LLC, FlexForm Technologies, TECNARO GMBH, Meshlin Composites Zrt, Nanjing Jufeng Advanced Materials Co., Ltd., BioComposites Group, Lanxess AG, A B Composites Pvt. Ltd., Bcomp, Colan Australia, G. Angeloni s.r.l, RTP Company, Lingrove Inc., and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report                                  

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?