Biocomposites Market Size To Reach $79.35 Billion By 2033

Biocomposites Market Growth & Trends

The global biocomposites market size is anticipated to reach USD 79.35 billion by 2033, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 12.1% from 2025 to 2033. Increasing use of biocomposites in end-use sectors such as automotive, building and construction, electrical and electronics, and consumer goods is the main driver triggering the biocomposites market. Additionally, changing consumer preference from plastic composites to eco-friendly biocomposites is expected to spur market growth over the forecast period.  

Biocomposites are composite materials made from natural fiber such as wood or non-wood fiber, along with polymer resin. Their use in various sectors is increasing due to their eco-friendly characteristics. They are effectively being used as a substitute for plastic composites. Strict environment laws are also favoring their usage.

The use of biocomposites made from the wood fiber is growing as an increasing number of forests are under systematic and sustainable utilization. Wood plastic composites are manufactured from wood fibers. The use of natural polymer is also increasing as a result of the push for 100% biodegradable products. There is a significant demand for 100% biodegradable products in developed markets of North America and Europe.  

The handling of plastic waste globally is a serious issue as plastic products do not decompose easily. In order to tackle this problem, a number of governments have banned plastic products and are promoting the use of biocomposites as a substitute for plastic composites. Furthermore, they are used as a substitute for metal and alloys in automotive nonstructural parts such as parcel shelves and interior panels. The use of biocomposites in the automotive sector is likely to help in decreasing the overall weight of a vehicle and also reduce instances of injuries to passengers in cases of accidents. Similarly, surging demand in electrical and consumer durables sectors is expected to drive the market.

Rising disposable income in developing countries such as China and India and growing awareness about biocomposites and their advantages are key factors expected to drive the market in the region. Ban on non-reusable plastics in Europe is driving demand in the region.

A number of key players in the industry are investing in research and development of eco-friendly and high strength products. Some players have also integrated their operations throughout the value chain in an attempt to increase profitability and serve customers better.

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Biocomposites Market Report Highlights

• By type of fiber, wood fiber composite dominated the market and accounted for a share of 68.7% in 2024. Wood fiber composites, incorporating renewable and biodegradable wood fibers, offer a sustainable solution for eco-friendly materials.

• Transportation accounted for the largest market revenue share in 2024. The transportation sector, particularly in automotive and aerospace, prioritizes weight reduction to improve fuel efficiency and meet environmental regulations.

• North America's biocomposites industry dominated globally with the largest revenue share of about 50.4% in 2024. North America shows strong market activity in high-value applications such as automotive, aerospace interiors, and consumer electronics.

Biocomposites Market Segmentation

Grand View Research has segmented the global biocomposites market report based on fiber, product, technology, polymer, end use, and region:

Biocomposites Fiber Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Wood Fibers

• Non-wood Fibers

Biocomposites Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Wood Plastic Composites

• Natural Fiber Composites

• Hybrid Biocomposites

Biocomposites Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Compression Molding

• Injection Molding

• Extrusion

• Resin Transfer Molding

• Pultrusion

• Thermoforming

• Others

Biocomposites Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • Austria

  • Italy

  • Switzerland

  • Sweden

  • Finland

  • Denmark

  • Norway

• Asia Pacific

• Central & South America

• Middle East & Africa

List Of Key Players in the Biocomposites Market

• Stora Enso

• UPM Biocomposites

• UFP Industries, Inc.

• Natural Fibre Technologies

• RBT BioComposites

• FiberWood

• Bcomp Ltd

• Jelu-Werk J.Ehrler GmbH

• Hemka

• Norske Skog Saugbrugs