Product Code: GVR-2-68038-199-3
Biocomposites Market Summary
The global biocomposites market size was estimated at USD 28.37 billion in 2024 and is projected to reach USD 79.35 billion by 2033, growing at a CAGR of 12.1% from 2025 to 2033, due to a strong global push toward sustainable, eco-friendly materials in industrial applications.
As governments, corporations, and consumers aim to reduce carbon footprints and plastic dependency, biocomposites offer a renewable and biodegradable alternative to conventional composites. With rising awareness of environmental degradation and stricter disposal norms, industries such as automotive, construction, and packaging are actively adopting biocomposites. Moreover, rising global concern around microplastics and long-term pollution is encouraging the replacement with bio-based solutions. As sustainable design becomes mainstream, biocomposites are emerging as a preferred material choice. The overall value chain is also becoming more optimized, reducing costs and improving scalability.
Key drivers include government regulations on carbon emissions and single-use plastics, increasing petroleum prices, and customer preference for green products. The automotive sector is integrating biocomposites for weight reduction and emissions control. In construction, bio-based panels and insulation materials are gaining traction due to energy efficiency targets. Packaging players are shifting to biodegradable options to meet both consumer and legal expectations. Advancements in natural fiber technologies (such as hemp, flax, and jute) and resin systems are improving the mechanical properties of biocomposites, making them suitable for wider applications. These drivers are compounded by increasing R&D investment and collaborations across academia and industry.
Current trends include the development of high-strength natural fiber-reinforced biocomposites and hybrid bio-synthetic composites. Biocomposites are being integrated with nanocellulose for better performance in aerospace and electronics. 3D printing using biocomposite feedstock is expanding design possibilities in consumer goods. Companies are developing recyclable bio-resins and thermoplastic biocomposites to improve lifecycle sustainability. There is also increasing vertical integration where companies cultivate their raw materials (like hemp or flax) for controlled quality and supply. Startups are experimenting with agricultural waste such as coconut coir, rice husk, and banana fiber, for cost-efficient, high-performance bio-fillers.
Global Biocomposites Market Report Segmentation
This report forecasts revenue & volume growth at regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2021 to 2033. For this report, Grand View Research has segmented the biocomposites market report based on fiber, product, technology, polymer, end use, and region:
- Fiber Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Wood Fibers
- Non-wood Fibers
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Wood Plastic Composites
- Natural Fiber Composites
- Hybrid Biocomposites
- Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Compression Molding
- Injection Molding
- Extrusion
- Resin Transfer Molding
- Pultrusion
- Thermoforming
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- North America
- Europe
- UK
- Germany
- Austria
- Italy
- Switzerland
- Sweden
- Finland
- Denmark
- Norway
- Asia Pacific
- Central & South America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Third-Party Perspectives
- 1.3.5. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation and Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Biocomposites Market Variables, Trends & Scope
- 3.1. Value Chain Analysis
- 3.2. Regulatory Framework
- 3.3. Technology Overview
- 3.4. Market Dynamics
- 3.4.1. Market driver analysis
- 3.4.1.1. Growing construction activities in the developing countries
- 3.4.1.2. Increasing adoption of prefiberated construction materials
- 3.4.2. Market restraint analysis
- 3.4.2.1. Need for regular deck maintenance
- 3.4.3. Industry opportunity
- 3.4.4. Market Challenges
- 3.5. Major Deals & Strategic Alliances Analysis
- 3.6. Business Environment Analysis
- 3.6.1. Porter's Analysis
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.6.2. PESTEL Analysis, by SWOT
- 3.6.2.1. Political Landscape
- 3.6.2.2. Environmental Landscape
- 3.6.2.3. Social Landscape
- 3.6.2.4. Technology Landscape
- 3.6.2.5. Economic Landscape
- 3.6.2.6. Legal Landscape
Chapter 4. Biocomposites Market: Fiber Estimates & Trend Analysis
- 4.1. Fiber Takeaways
- 4.2. Fiber Market Share Analysis, 2025 - 2033
- 4.3. Biocomposites Market Estimates & Forecast, By Fiber (Kilotons) (USD Million), 2021 - 2033
- 4.3.1. Wood Fibers
- 4.3.2. Non-wood Fibers
Chapter 5. Biocomposites Market: Product Estimates & Trend Analysis
- 5.1. Product Takeaways
- 5.2. Product Market Share Analysis, 2025 - 2033
- 5.3. Biocomposites Market Estimates & Forecast, By Product (Kilotons) (USD Million), 2021 - 2033
- 5.3.1. Wood Plastic Composites
- 5.3.2. Natural Fiber Composites
- 5.3.3. Hybrid Biocomposites
Chapter 6. Biocomposites Market: Technology Estimates & Trend Analysis
- 6.1. Technology Takeaways
- 6.2. Technology Market Share Analysis, 2025 - 2033
- 6.3. Biocomposites Market Estimates & Forecast, By Technology (Kilotons) (USD Million), 2021 - 2033
- 6.3.1. Compression Molding
- 6.3.2. Injection Molding
- 6.3.3. Extrusion
- 6.3.4. Resin Transfer Molding
- 6.3.5. Pultrusion
- 6.3.6. Thermoforming
- 6.3.7. Others
Chapter 7. Biocomposites Market: Polymer Estimates & Trend Analysis
- 7.1. Polymer Takeaways
- 7.2. Polymer Market Share Analysis, 2025 - 2033
- 7.3. Biocomposites Market Estimates & Forecast, By Polymer (Kilotons) (USD Million), 2021 - 2033
- 7.3.1. Biodegradable Polymer
- 7.3.2. Synthetic Polymer
- 7.3.3. Hybrid Polymer
- 7.3.4. Others
Chapter 8. Biocomposites Market: End Use Estimates & Trend Analysis
- 8.1. End Use Takeaways
- 8.2. End Use Market Share Analysis, 2025 - 2033
- 8.3. Biocomposites Market Estimates & Forecast, By End Use (Kilotons) (USD Million), 2021 - 2033
- 8.3.1. Automotive and Transportation
- 8.3.2. Building and Construction
- 8.3.3. Consumer Goods
- 8.3.4. Aerospace
- 8.3.5. Medical
- 8.3.6. Others
Chapter 9. Biocomposites Market: Regional Estimates & Trend Analysis
- 9.1. Key Takeaways
- 9.2. Regional Market Share Analysis, 2025 - 2033
- 9.3. North America
- 9.3.1. North America biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.3.2. U.S.
- 9.3.2.1. U.S. biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.3.3. Canada
- 9.3.3.1. Canada biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.3.4. Mexico
- 9.3.4.1. Mexico biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4. Europe
- 9.4.1. Europe biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4.2. UK
- 9.4.3. UK biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4.4. Germany
- 9.4.5. Germany biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4.6. Austria
- 9.4.7. Austria biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4.8. Italy
- 9.4.9. Italy biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4.10. Switzerland
- 9.4.11. Switzerland biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4.12. Sweden
- 9.4.13. Sweden biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4.14. Denmark
- 9.4.15. Denmark biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4.16. Finland
- 9.4.17. Finland biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.4.18. Norway
- 9.4.19. Norway biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.5. Asia Pacific
- 9.5.1. Asia Pacific biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.6. Central & South America
- 9.6.1. Central & South America biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 9.7. Middle East & Africa
- 9.7.1. Middle East & Africa biocomposites market estimates & Forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Competition Categorization
- 10.3. Company Market Positioning
- 10.4. Company Heat Map Analysis, 2024
- 10.5. Strategy Mapping, 2024
- 10.6. Company Listing
- 10.6.1. Stora Enso
- 10.6.1.1. Company Overview
- 10.6.1.2. Financial Performance
- 10.6.1.3. Product Benchmarking
- 10.6.1.4. Strategic Initiatives
- 10.6.2. UPM Biocomposites
- 10.6.2.1. Company Overview
- 10.6.2.2. Financial Performance
- 10.6.2.3. Product Benchmarking
- 10.6.2.4. Strategic Initiatives
- 10.6.3. UFP Industries, Inc.
- 10.6.3.1. Company Overview
- 10.6.3.2. Financial Performance
- 10.6.3.3. Product Benchmarking
- 10.6.3.4. Strategic Initiatives
- 10.6.4. Natural Fibre Technologies
- 10.6.4.1. Company Overview
- 10.6.4.2. Financial Performance
- 10.6.4.3. Product Benchmarking
- 10.6.4.4. Strategic Initiatives
- 10.6.5. RBT BioComposites
- 10.6.5.1. Company Overview
- 10.6.5.2. Financial Performance
- 10.6.5.3. Product Benchmarking
- 10.6.5.4. Strategic Initiatives
- 10.6.6. FiberWood
- 10.6.6.1. Company Overview
- 10.6.6.2. Financial Performance
- 10.6.6.3. Product Benchmarking
- 10.6.6.4. Strategic Initiatives
- 10.6.7. Norske Skog Saugbrugs
- 10.6.7.1. Company Overview
- 10.6.7.2. Financial Performance
- 10.6.7.3. Product Benchmarking
- 10.6.7.4. Strategic Initiatives
- 10.6.8. Bcomp Ltd
- 10.6.8.1. Company Overview
- 10.6.8.2. Financial Performance
- 10.6.8.3. Product Benchmarking
- 10.6.8.4. Strategic Initiatives
- 10.6.9. Jelu-Werk J.Ehrler GmbH
- 10.6.9.1. Company Overview
- 10.6.9.2. Financial Performance
- 10.6.9.3. Product Benchmarking
- 10.6.9.4. Strategic Initiatives
- 10.6.10. Hemka
- 10.6.10.1. Company Overview
- 10.6.10.2. Financial Performance
- 10.6.10.3. Product Benchmarking
- 10.6.10.4. Strategic Initiatives