Biocomposites Market Report 2025

This Biocomposites market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The biocomposites market size has grown rapidly in recent years. It will grow from $33.92 billion in 2024 to $39.93 billion in 2025 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to environmental concerns, regulatory initiatives, reduced carbon footprint, consumer preferences, waste reduction.

The biocomposites market size is expected to see rapid growth in the next few years. It will grow to $75.62 billion in 2029 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to sustainable supply chains, government incentives, eco-friendly packaging, emerging market applications, biodegradable biocomposites. Major trends in the forecast period include technological advancements, sustainable raw materials, advanced manufacturing techniques, high-performance biocomposites, green building materials.

Increasing environmental concerns are anticipated to drive the growth of the biocomposites market in the coming years. Environmental concerns encompass issues that impact human activities within the biophysical environment, leading to detrimental environmental degradation. Biocomposites have a lower environmental footprint and are safer for both humans and other living organisms. Additionally, most biocomposites are recyclable and reusable. For example, in April 2024, the Department for Environment, Food, and Rural Affairs, a UK-based government agency focused on enhancing and protecting the environment, reported that urban background concentrations of ozone (O3) reached 66.8 µg/m³ in 2023, indicating a 3% increase from 2022. Consequently, the growing awareness of environmental issues is propelling the growth of the biocomposites market.

Increasing urbanization is projected to accelerate the growth of the biocomposite market in the coming years. Urbanization refers to the concentration of people in specific geographic areas. Urban regions typically adopt modern architectural designs that promote open and flexible living environments. Automotive manufacturers are consistently exploring methods to lighten vehicles, enhancing fuel efficiency and lowering emissions. Biocomposite materials, recognized for their lightweight and high-strength characteristics, present an appealing alternative. They can substitute traditional materials such as fiberglass and plastics, thereby decreasing the overall weight of vehicles. For example, a report from the World Bank, a US-based international organization, stated that in 2022, over 50% of the global population lived in urban areas. This figure is expected to reach 6 billion by 2045, representing a 1.5-fold increase. By 2030, it is anticipated that the world will gain an additional 1.2 million km² of urban built-up area, as urban land consumption is expected to expand at a rate up to 50% faster than population growth. Therefore, the rise in urbanization is driving the growth of the biocomposite market.

Technological innovations are a significant trend gaining traction in the agricultural textiles market. Key players in the industry are introducing new technologies, such as Tepex, a fully biocomposite material made from continuous fiber-reinforced thermoplastic composites. For example, in February 2024, Biocomposites, a UK-based manufacturing company, launched STIMULAN VG, a calcium matrix antibiotic carrier blended with vancomycin and gentamicin. STIMULAN VG is a cutting-edge medical product designed to deliver antibiotics directly to infection sites. This localized delivery method seeks to enhance the effectiveness of antibiotics while minimizing the risk of systemic side effects and the emergence of antibiotic resistance. By targeting medication precisely where it is most needed, STIMULAN VG marks a significant advancement in infection management, especially in surgical and orthopedic settings and agricultural practices.

Major players in the biocomposites market are actively engaged in developing innovative products, particularly bio-based composite materials, to cater to a broader customer base, boost sales, and enhance overall revenue. Bio-based composite materials are advanced substances crafted by combining natural or renewable resources like plant-based fibers or biopolymers with synthetic or biodegradable resins. An illustration of this trend is seen in the actions of Lanxess, a prominent German chemical company. In June 2022, Lanxess introduced a fully bio-based composite material derived from flax and polylactic acid (PLA). The company is in the final stages of developing a matrix plastic, mainly based on polyamide 6 (PA6), for Tepex dynalite. Comprising over 80% renewable raw materials, this innovative material falls within Lanxess' Scopeblue range requirements. When combined with continuous fiber fabrics, the resulting semi-finished products exhibit optimized properties comparable to their fossil-based counterparts. These semi-finished products find applications in structural lightweight design, making them suitable for various uses such as front-end carriers, seat shells, and battery consoles within the Tepex Dynalite portfolio.

In a strategic move, CBD Global Sciences Inc., a Canadian specialty pharmaceutical company, announced the acquisition of Pure BioPlastics Inc. in March 2022, although the specific financial details remain undisclosed. This acquisition positions CBD Global Sciences Inc. to establish a dedicated bio-based technologies division, allowing the company to provide advanced solutions to global environmental challenges associated with plastics. Pure BioPlastics Inc., based in the United States, is recognized as a renewable plastics company, aligning with the growing emphasis on sustainable and environmentally friendly practices in the industry.

Major companies operating in the biocomposites market include UPM, Trex Company Inc, Fiberon LLC, FlexForm Technologies, Universal Forest Products Inc, JELU-WERK J. Ehrler GmbH & Co. KG, Tecnaro GmbH, Newtechwood, Meshlin Composites ZRT, Green Bay Decking LLC, AlPAS Srl, Nanjing Jufeng Advanced Materials Co, Arakawa Chemical Industries, Zeller+Gmelin Corporation, Hydrite Chemical Co., Rahn AG, Aal Chem, SICPA Holding SA, Fuzion Technologies Inc., Rütgers Organics GmbH, Eternal Materials Co. Ltd., Imerys, Technovinyl Polymers India Ltd., Aapico Hitech Public Company Limited, Amorim, BioLogic, Advanced Compounding, Stora Enso, Sappi Ltd., GreenCore Composites.

Biocomposites refer to reinforced compounds created by combining natural resin and a reinforcing compound. These environmentally friendly materials can be easily recycled, serving as a sustainable alternative to non-biodegradable polymers. Biocomposites find applications across various industries, including automotive, packaging, and food and beverages.

The primary types of biocomposite products in the market are hybrid biocomposites and green biocomposites. Hybrid biocomposites are utilized in diverse sectors such as construction, medicine, electronics, packaging, and automotive. These composites are formed by combining more than one type of reinforcement matrix, with polymers ranging from natural to synthetic. Fiber types include wood fiber composites and non-wood fiber composites. End-use industries for biocomposites encompass building and construction, transportation, consumer goods, and others.

The biocomposites market research report is one of a series of new reports that provides biocomposites market statistics, including biocomposites industry global market size, regional shares, competitors with biocomposites market share, detailed biocomposites market segments, market trends and opportunities, and any further data you may need to thrive in the biocomposites industry. This biocomposites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the biocomposites market in 2024. North America was the second-largest region in the biocomposites market share. The regions covered in the biocomposites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the biocomposites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The biocomposites market consists of sales of natural fiber-reinforced biocomposites, basic biocomposites and nanoparticle-reinforced biocomposites. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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