Biocomposites Market Size, Share, and Trends 2025 to 2034

Biocomposites Market Size and Growth Forecast

The global biocomposites market size was valued at USD 40.34 billion in 2024 and is estimated to hit around USD 215.62 billion by 2034. It is growing at a compound annual growth rate (CAGR) of 18.25% during the forecast period 2025 to 2034. the technological breakthroughs and eco-driven actions are expected to create lucrative opportunities in the growth of biocomposites market.

Biocomposites Market Key Takeaways

• By region, the biocomposites market in China dominated the Asia Pacific biocomposites market with revenue share of 39.19%.
• By region, the North America is projected to capture a significant market share of the market during the forecast period.
• By fiber type, the wood fiber composites segment dominated the market share of 69.35% in 2024.
• By fiber type, the non-wood fiber composite segment is anticipated to make a strong foothold in the coming years.
• By product,the green biocomposites segment dominated the market share of 67.5% in 2024. 
• By product,the hybrid biocomposites segment is expected to gain major market attraction in forecast period.
• By polymer type,the synthetic polymer segment dominated the market share of 77.37% in 2024.
• By polymer type,the hybrid biocomposites segment is expected to gain major market attraction in forecast period.
• By end-use,the transportation segment dominated the market in 2024.
• By end-use,the building and construction segment expects significant growth in the market during the predicted period.

Biocomposites Market Overview

The biocomposites market has seen a steady growth rate throughout the past period. These composites are made of natural resources such as hemp, jute, and flax which are biodegradable and have strong durability. Rising environmental pollution and the promotion of governmental initiatives towards sustainability are expected to lead to market growth in the coming years. By developing more advanced biocomposites than other composites, manufacturers can increase their market weight in the coming period. 

Technological advancement has been driving market growth in recent years. modern advancements are developing bio-based raisins which improve the durability and performance of biocomposites. This development can eliminate previous challenges such as low moisture resistance and limited strength. These bio-based resins are made up of sources such as corn, soy, and vegetable oil. Moreover, biocomposites producers are investing in R&D activities by exploring the latest technologies such as nanotechnology and others. 

Biocomposites Market Recent Trends:

• The increasing demand for lightweight and strong materials is propelling market growth in the current period. Industries such as aerospace, automotive, and construction where material weight is a crucial factor, biocomposites have risen as a key ingredient in these industries which boosts the growth of the market. The aesthetic appeal in car modification and production can increase sales of biocomposites. As biocomposites are increasingly used as interior and exterior components in the making of door panels, seats, and dashboards for their lightweight properties.
   
• The expansion of the packaging industry is spearheading the market in recent years. With increased pressure to reduce plastic waste, government rules, and regulations towards sustainability, biocomposites are emerging as key solutions for sustainable packaging options in the current period. Major food and beverage companies are seen in the promotion of their product with eco-friendly packaging that demand for the biocomposites material packaging.  for Instance, according to the World Economic Forum, In the United States 50 million tons of paper were recovered for recycling purposes with achieving a 68% recycling rate.

Rise in the Sustainability in Construction Sector

Rising sustainable construction and infrastructure development practices are projected to create significant opportunities for the biocomposites market in the coming years. As individuals are turning towards modern and environment-friendly construction development for better comfort and material strength. Biocomposites are heavily used in modern construction applications such as insulation, decking, wall panels, and roofing. Moreover, green building initiatives are expected to gain a major market share during the forecast period.  

Biocomposites at a Crossroads: Overcoming Performance and Impact Resistance Challenges

Limited mechanical performance and durability are anticipated to hamper market growth during the forecast period. Biocomposites have limited mechanical performance and durability compared to traditional synthetic composites. Moreover, low moisture absorption sensitivity can hinder biocomposites sales in the future as these biocomposites are less suitable for outdoor applications. Lower impact resistance is another factor that can restrict market progression in the coming years.  

Regional Insights

Asia Pacific dominated the biocomposites market in 2024. The growth of the market is attributed to the rising population and the industrialization which boosts the demand for sustainable material and with the presence of the larger manufacturing bases collectively leading the demand for the market in the region.  Countries such as India, China, and Japan are playing a major role in the production and consumption of biocomposites. Moreover, favorable government initiatives towards biocomposites are creating attractive market 

“China’s Influence in the Biocomposites Sector” 

China held a leading position in the Asia Pacific region due to its strong industrial infrastructure and a high rate of eco-friendly material export in recent years. Furthermore, the automotive, packaging, and construction industries are heavily contributing to the sales of biocomposites in China nowadays. China has huge natural resources such as hemp, flax, and jute which allows biocomposites manufacturers to produce biocomposites at a lower 

For Instance,

• In 2023, China exported 62,255 kg of true hemp globally which was valued at 430.75k USD according to World Integrated Trade Solutions (WITS). Also 60,270 to India and 1,985 kg to Japan.

North America is projected to capture a significant market share of the biocomposites market during the forecast period. The growth of the market is attributed to the growing technological advantages and supportive government policies. The government policies towards reducing carbon emissions are expected to increase demand for biocomposites in the region for future periods. The advanced technological capacities such as advances in material sciences are likely to make a major impact on the market in the region. 

“United States Rise in Eco-Friendly Materials”

United States is anticipated to make a strong foothold in the biocomposites market in the North America region. The expansion of the automotive manufacturing industry is projected to lead to market growth in the country. As biocomposites are used majorly in vehicle production due to the improvisation of fuel efficacy while reducing vehicle weight. Manufacturers are increasingly investing in research and development programs to make lightweight and strong biocomposites to gain industrial attention in recent years. 

Biocomposites Market Segmental Insights

By Fiber Type

Wood fiber composites segment dominated the biocomposites market in 2024. By offering sustainability and durability, wood fiber gained popularity among individuals. Factors such as cost efficacy and maximum benefits are expected to help segment growth in future periods. Also, wood fibers can reduce dependency on limited resources while managing 

Non-wood fiber composite segment is anticipated to make a strong foothold in the coming years. Having a high strength-to-weight ratio and excellence for weight-sensitive industries is expected to contribute majorly to segment growth. The expansion of the aerospace industry is projected to hold an important share of segment progress during the forecasted period. 

By Product 

Green biocomposites segment maintained its dominance in the biocomposites market in 2024. The growth of the segment is due to increased favorable government initiatives toward sustainability standards and a green environment. Consumers are heavily demanding biodegradable products with increased awareness of environmental issues. 

The hybrid biocomposites segment is expected to gain major market attraction in forecast period. Hybrid products are mainly used in construction industries in recent years. With factors such as the ability to withstand harsh weather conditions and structural stress

By Polymer Type

Synthetic polymer segment dominated the market in 2024. The growth of the segment is owing to the advantages such as versatility, durability, and superior strength qualities. Synthetic polymers include polypropylene, polyethylene, and polyvinyl chloride which can offer excellent resistance and mechanical properties to environmental factors such as temperature changes and moisture. 

The natural polymer is expected to make a huge impact in the biocomposites market in the coming years. The rising demand for sustainable and eco-friendly products is likely to drive the segment growth in the future. The biodegradability is the most important factor that is expected to increase future sales of natural polymers in the projected period. as natural polymers cannot take a long period to decompose compared to synthetic polymers. It can be easily broken down and helps to maintain the environment and sustainability.  

By End Use

The transportation segment dominated the biocomposites market in 2024. The need for lightweight materials with high performance has been driving segment growth in recent years.  Biocomposites can maintain fuel efficiency during transportation. Thus, lighter vehicles are consuming less fuel by reducing operational costs and carbon emissions. 

The building and construction segment expects significant growth in the market during the predicted period. The rise in the green building initiatives and in the current scenario, certifications like LEED (leadership in energy and environmental design) are turning construction industries towards the usage of eco-friendly materials in the construction process. These initiatives are likely to heighten segment growth during the forecast period.

Biocomposites Market Top Companies List

• Stora Enso
• Fiberon
• FlexForm Technologies
• TECNARO GMBH
• Meshlin Composites Zrt
• UPM
• UFP Industries, Inc.
• Trex Company, Inc.
• Nanjing Jufeng Advanced Materials Co., Ltd.
• Bcomp

Recent Developments in the Biocomposites Market 

• Mallinda launched VitrimaxTM versatile hot melt resin. It is a vitrimer-based composite resin system with superior mechanical properties of thermosets. The system allows manufacturers to recyclability and reuse high-performance composites.
• In 2024, Bcomp provided bodywork to Team Wurth Power 135 TRD Hilux which is made from natural fiber composites. This Team  Wurth Power 135 TRD Hilux 

Segments covered in the report

By Fiber Type

• Wood Fiber Composites
• Non-Wood Fiber Composites
  
  • Jute fiber
  • Flax fiber
  • Kenaf fiber
  • Hemp fiber
  • Others

By Polymer Type

• Synthetic Polymers
• Natural Polymers

By Product

• Hybrid
• Green

By Process Type

• Compression Molding
• Injection Molding
• Resin Transfer Molding
• Extrusion molding process
• Others

By End User

• Transportation
• Consumer Goods
• Construction and Building
• Electrical and Electronics
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)