Biocomposites Market

Global Biocomposites Market Size, Trends & Analysis - Forecasts to 2028 By Fiber Type (Wood Fiber Composite and Non-wood Fiber Composites), By Polymer Type (Synthetic Polymer Composites and Natural Polymer Composites), By Product (Hybrid Biocomposites, and Green Biocomposites), By End-use Industries (Transportation, Consumer Goods, Construction and Building, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Chemicals & Advanced Material
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This report was recently updated on April 9 2024 with the latest and most recent market numbers

Global Biocomposites Market Size

The global biocomposites market is projected to grow at a CAGR of 16.3% from 2023 to 2028.

Increased awareness of the environmental impact and strict environmental laws drive demand for sustainable materials in biocomposites, contributing to biocomposites market growth. Regulations and standards for biocomposite materials in developed countries like Germany, the U.S., and Japan promote using environmentally-friendly products, favouring biocomposites over petroleum-based alternatives.

The European Union (EU) prioritizes bio-based materials and encourages recyclability in vehicle components, pushing automotive manufacturers to manage end-of-life vehicle disposal responsibly. Moreover, Japan aims to substitute 25% of plastic usage with renewable alternatives by 2030, contributing to the worldwide demand for sustainable materials.

The EU's focus on using plant and wood fibers in automotive composites highlights a growing preference for biocomposites over synthetic fibers. The European Union's focus on incorporating recyclable and biodegradable components in automotive interiors enhances the acceptance and utilization of biocomposites. These regulations, particularly in the transportation, building and construction, and electrical and electronics industries, drive the demand for biocomposites globally.

The growth of the biocomposite market faces challenges in implementing biocomposites in industries such as automotive and construction. This is due to inherent limitations in natural fibers, characterized by lower interfacial bonding metrics, resulting in poor mechanical performance compared to synthetic fibers like carbon and glass. Plant-based fibers, with hydrophilic properties, pose compatibility issues with hydrophobic and nonpolar thermosets and thermoplastics. Chemical pre-treatment can enhance mechanical strength, but overall, these factors can impede biocomposites market growth.

global biocomposites market

Global Biocomposites Market: By Fiber Type

The wood fiber composites segment is expected to hold the largest share of the market during the forecast period. The segment growth is attributed to the expanding utilization of wood fiber composites in outdoor construction projects, particularly in the construction of railings and decking.

Non-wood fiber composites segment is expected to be the fastest-growing segment in the market from 2023-2028. The growth is attributed to the increasing need for a substitution or alternative of plastic fibers such as emp, flax, or other plant-based fibers, as environment concerns related to plastic pollution in oceans, landfills, and ecosystems are increasing.

Global Biocomposites Market: By Polymer Type

Synthetic polymer composites segment is anticipated to be the fastest-growing segment in the market from 2023-2028. The segment growth is attributed by their versatile performance, advancements in biocomposite technology, and increasing demand for sustainable alternatives. These composite materials provide superior characteristics, rendering them appealing for diverse applications spanning industries, including automotive and construction.

Natural polymer composites segment is expected to hold the largest share of the market. This is due to increasing demand for bio-based polymers and biocomposite products across various industries such as automotive, construction, and textiles, among others. Consumers in diverse sectors prefer natural polymers such as rubber, wool, cellulose, and silk. These natural polymers have active applications in consumer goods and the automotive sector.

Global Biocomposites Market: By Product

The hybrid segment is anticipated to be the fastest-growing segment in the market from 2023-2028. This growth is attributed to its good strength, lightweight, cost-effectiveness, high modulus, impressive mass-specific properties, high tensile strength, and favourable strength-to-weight ratio. Hybrid composites find versatile applications in end-use industries such as automotive, transportation, marine, aerospace, wind energy, sports goods, and more.

The green composite segment is expected to hold the largest share of the market. The growth is attributed to rising demand for green composites, particularly in environmentally conscious regions like Europe and North America, where the eco-friendly nature of green composites aligns with sustainability goals.

Global Biocomposites Market: By End-use Industries

The transportation segment is anticipated to be the fastest-growing segment in the market from 2023-2028, attributed to automobiles being the predominant mode of transportation, encompassing cars, buses, trains, planes, and ships. Biocomposites significantly impact the automotive sector, characterized by their strength, stiffness, toughness, and durability. Biocomposites are used in manufacturing diverse automotive parts, including tires, belts, hoses, and interior and exterior panels of automobile bodies. Biocomposites, known for their lightweight yet robust nature, make vehicles lighter, safer, and more fuel-efficient.

The construction and building segment is anticipated to hold the largest share of the market. Biocomposites, derived from wood and natural fibers, find diverse applications in this industry, including using biocomposites for various components, such as decking, railing, balusters, fences, windows, doors, and frames. Wood fiber composites are primarily utilized for producing decking, railing, balusters, and fences. In contrast, natural fiber composites are commonly employed for non-load-bearing indoor components in civil engineering, addressing challenges posed by extreme environmental conditions. This involves utilizing biocomposites in windows, doors, frames, wall panels, robust roofing elements, exterior structures, and composite panels.

asia pacific biocomposites market

Global Biocomposites Market: By Region

North America is expected to be the dominant region in the market. North America market benefit from the presence of key players including Trex Company, and UPM Biocomposites, government initiatives promoting sustainable products, and increasing adoption of lightweight biocomposites in the automotive sector for enhanced vehicle efficiency.

Asia Pacific is predicted to witness rapid growth during the forecast period. The regional market growth is attributed to the increasing disposable income in the region, particularly in countries such as China and India, driving demand for biocomposite materials. The substantial middle-class population in China and India, with a high demand for automobiles and affordable housing, is a key factor propelling the growth of the biocomposites market in the forecast period.

Global Biocomposites Market Share and Competitor Analysis

UPM, Trex Company, Universal Forest Products, Inc., Fiberon LLC, FlexForm Technologies, B. COMPOSITES PVT.LTD, Tecnaro GmbH, Green Dot Corporation, Kudoti Pty Ltd, Inc., and Hualong New Material Lumber Co. Ltd among others, are some of the key players operating in the global biocomposites market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Biocomposites Market Share Recent Developments

  • In 2021, Retrac Group introduced an extensive range of natural biocomposites. This new product range integrates carbon and natural fiber characteristics, facilitating the creation of lightweight structures.
  • In October 2021, Trex Company, Inc. established a third manufacturing facility in the United States to improve customer accessibility to Trex Residential products and support the company's future expansion.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL BIOCOMPOSITES MARKET, BY FIBER TYPE

4.1   Introduction

4.2   Biocomposites Market: Fiber Type Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Wood Fiber Composites

4.4.1        Wood Fiber Composites Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   Non-wood Fiber Composites

4.5.1        Non-wood Fiber Composites Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL BIOCOMPOSITES MARKET, BY POLYMER TYPE

5.1   Introduction

5.2   Biocomposites Market: Polymer Type Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Natural Polymer Composites

5.4.1        Natural Polymer Composites Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   Synthetic Polymer Composites

5.5.1        Synthetic Polymer Composites Market Estimates and Forecast, 2020-2028 (USD Million)

6         GLOBAL BIOCOMPOSITES MARKET, BY END-USE INDUSTRIES

6.1   Introduction

6.2   Biocomposites Market: End-use Industries Scope Key Takeaways

6.3   Revenue Growth Analysis, 2022 & 2028

6.4   Construction and Building

6.4.1        Construction and Building Market Estimates and Forecast, 2020-2028 (USD Million)

6.5   Transportation

6.5.1        Transportation Market Estimates and Forecast, 2020-2028 (USD Million)

6.6   Consumer Goods

6.6.1        Consumer Goods Market Estimates and Forecast, 2020-2028 (USD Million)

6.7   Others

6.7.1        Others Market Estimates and Forecast, 2020-2028 (USD Million)

7         GLOBAL BIOCOMPOSITES MARKET, BY PRODUCT

7.1   Introduction

7.2   Biocomposites Market: Product Scope Key Takeaways

7.3   Revenue Growth Analysis, 2022 & 2028

7.4   Hybrid Biocomposites

7.4.1        Hybrid Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

7.5   Green Biocomposites

7.5.1        Green Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8          GLOBAL BIOCOMPOSITES MARKET, BY REGION

8.1   Introduction

8.2   North America Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.1        By Fiber Type

8.2.2        By Polymer Type

8.2.3        By End-use Industries

8.2.4        By Product  

8.2.5        By Country

8.2.5.1     U.S. Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.5.1.1        By Fiber Type

8.2.5.1.2        By Polymer Type

8.2.5.1.3        By End-use Industries

8.2.5.1.4        By Product

8.2.5.2     Canada Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.5.2.1        By Fiber Type

8.2.5.2.2        By Polymer Type

8.2.5.2.3        By End-use Industries

8.2.5.2.4        By Product

8.2.5.3     Mexico Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.5.3.1        By Fiber Type

8.2.5.3.2        By Polymer Type

8.2.5.3.3        By End-use Industries

8.2.5.3.4        By Product

8.3   Europe Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.1        By Fiber Type

8.3.2        By Polymer Type

8.3.3        By End-use Industries

8.3.4        By Product  

8.3.5        By Country

8.3.5.1     Germany Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.1.1        By Fiber Type

8.3.5.1.2        By Polymer Type

8.3.5.1.3        By End-use Industries

8.3.5.1.4        By Product

8.3.5.2     U.K. Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.2.1        By Fiber Type

8.3.5.2.2        By Polymer Type

8.3.5.2.3        By End-use Industries

8.3.5.2.4        By Product

8.3.5.3     France Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.3.1        By Fiber Type

8.3.5.3.2        By Polymer Type

8.3.5.3.3        By End-use Industries

8.3.5.3.4        By Product

8.3.5.4     Italy Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.4.1        By Fiber Type

8.3.5.4.2        By Polymer Type

8.3.5.4.3        By End-use Industries

8.3.5.4.4        By Product

8.3.5.5     Spain Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.5.1        By Fiber Type

8.3.5.5.2        By Polymer Type

8.3.5.5.3        By End-use Industries

8.3.5.5.4        By Product

8.3.5.6     Netherlands Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.6.1        By Fiber Type

8.3.5.6.2        By Polymer Type

8.3.5.6.3        By End-use Industries

8.3.5.6.4        By Product

8.3.5.7     Rest of Europe Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.7.1        By Fiber Type

8.3.5.7.2        By Polymer Type

8.3.5.7.3        By End-use Industries

8.3.5.7.4        By Product

8.4   Asia Pacific Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.1        By Fiber Type

8.4.2        By Polymer Type

8.4.3        By End-use Industries

8.4.4        By Product  

8.4.5        By Country

8.4.5.1     China Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.1.1        By Fiber Type

8.4.5.1.2        By Polymer Type

8.4.5.1.3        By End-use Industries

8.4.5.1.4        By Product

8.4.5.2     Japan Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.2.1        By Fiber Type

8.4.5.2.2        By Polymer Type

8.4.5.2.3        By End-use Industries

8.4.5.2.4        By Product

8.4.5.3     India Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.3.1        By Fiber Type

8.4.5.3.2        By Polymer Type

8.4.5.3.3        By End-use Industries

8.4.5.3.4        By Product

8.4.5.4     South Korea Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.4.1        By Fiber Type

8.4.5.4.2        By Polymer Type

8.4.5.4.3        By End-use Industries

8.4.5.4.4        By Product

8.4.5.5     Singapore Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.5.1        By Fiber Type

8.4.5.5.2        By Polymer Type

8.4.5.5.3        By End-use Industries

8.4.5.5.4        By Product

8.4.5.6     Malaysia Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.6.1        By Fiber Type

8.4.5.6.2        By Polymer Type

8.4.5.6.3        By End-use Industries

8.4.5.6.4        By Product

8.4.5.7     Thailand Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.7.1        By Fiber Type

8.4.5.7.2        By Polymer Type

8.4.5.7.3        By End-use Industries

8.4.5.7.4        By Product

8.4.5.8     Indonesia Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.8.1        By Fiber Type

8.4.5.8.2        By Polymer Type

8.4.5.8.3        By End-use Industries

8.4.5.8.4        By Product

8.4.5.9     Vietnam Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.9.1        By Fiber Type

8.4.5.9.2        By Polymer Type

8.4.5.9.3        By End-use Industries

8.4.5.9.4        By Product

8.4.5.10  Taiwan Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.10.1      By Fiber Type

8.4.5.10.2      By Polymer Type

8.4.5.10.3      By End-use Industries

8.4.5.10.4      By Product

8.4.5.11  Rest of Asia Pacific Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.11.1      By Fiber Type

8.4.5.11.2      By Polymer Type

8.4.5.11.3      By End-use Industries

8.4.5.11.4      By Product

8.5   Middle East and Africa Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.1        By Fiber Type

8.5.2        By Polymer Type

8.5.3        By End-use Industries

8.5.4        By Product  

8.5.5        By Country

8.5.5.1     Saudi Arabia Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.1.1        By Fiber Type

8.5.5.1.2        By Polymer Type

8.5.5.1.3        By End-use Industries

8.5.5.1.4        By Product

8.5.5.2     U.A.E. Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.2.1        By Fiber Type

8.5.5.2.2        By Polymer Type

8.5.5.2.3        By End-use Industries

8.5.5.2.4        By Product

8.5.5.3     Israel Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.4.3.1        By Fiber Type

8.5.4.3.2        By Polymer Type

8.5.4.3.3        By End-use Industries

8.5.5.3.4        By Product

8.5.5.4     South Africa Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.4.1        By Fiber Type

8.5.5.4.2        By Polymer Type

8.5.5.4.3        By End-use Industries

8.5.5.4.4        By Product

8.5.5.5     Rest of Middle East and Africa Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.5.1        By Fiber Type

8.5.5.5.2        By Polymer Type

8.5.5.5.2        By End-use Industries

8.5.5.5.4        By Product

8.6   Central and South America Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.1        By Fiber Type

8.6.2        By Polymer Type

8.6.3        By End-use Industries

8.6.4        By Product

8.6.5        By Country

8.6.5.1     Brazil Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.1.1        By Fiber Type

8.6.5.1.2        By Polymer Type

8.6.5.1.3        By End-use Industries

8.6.5.1.4        By Product

8.6.5.2     Argentina Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.2.1        By Fiber Type

8.6.5.2.2        By Polymer Type

8.6.5.2.3        By End-use Industries

8.6.5.2.4        By Product

8.6.5.3     Chile Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.3.1        By Fiber Type

8.6.5.3.2        By Polymer Type

8.6.5.3.3        By End-use Industries

8.6.5.5.4        By Product

8.6.5.4     Rest of Central and South America Biocomposites Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.4.1        By Fiber Type

8.6.5.4.2        By Polymer Type

8.6.5.4.3        By End-use Industries

8.6.5.4.4        By Product

9          COMPETITIVE LANDCAPE

9.1   Company Market Share Analysis

9.2   Four Quadrant Positioning Matrix

9.2.1        Market Leaders

9.2.2        Market Visionaries

9.2.3        Market Challengers

9.2.4        Niche Market Players

9.3   Vendor Landscape

9.3.1        North America

9.3.2        Europe

9.3.3        Asia Pacific

9.3.4        Rest of the World

9.4   Company Profiles  

9.4.1        UPM

9.4.1.1 Business Description & Financial Analysis

9.4.1.2 SWOT Analysis

9.4.1.3 Products & Services Offered

9.4.1.4 Strategic Alliances between Business Partners

9.4.2        Trex Company

9.4.2.1 Business Description & Financial Analysis

9.4.2.2 SWOT Analysis

9.4.2.3 Products & Services Offered

9.4.2.4 Strategic Alliances between Business Partners

9.4.3        Fiberon LLC

9.4.3.1 Business Description & Financial Analysis

9.4.3.2 SWOT Analysis

9.4.3.3 Products & Services Offered

9.4.3.4 Strategic Alliances between Business Partners

9.4.4        FlexForm Technologies

9.4.4.1 Business Description & Financial Analysis

9.4.4.2 SWOT Analysis

9.4.4.3 Products & Services Offered

9.4.4.4 Strategic Alliances between Business Partners

9.4.5        Universal Forest Products, Inc.  

9.4.5.1 Business Description & Financial Analysis

9.4.5.2 SWOT Analysis

9.4.5.3 Products & Services Offered

9.4.5.4 Strategic Alliances between Business Partners

9.4.6        B.COMPOSITES PVT.LTD.

9.4.6.1 Business Description & Financial Analysis

9.4.6.2 SWOT Analysis

9.4.6.3 Products & Services Offered

9.4.6.4 Strategic Alliances between Business Partners

9.4.7        Tecnaro GmbH  

9.4.7.1 Business Description & Financial Analysis

9.4.7.2 SWOT Analysis

9.4.7.3 Products & Services Offered

9.4.8.4 Strategic Alliances between Business Partners

9.4.8        Green Dot Corporation

9.4.8.1 Business Description & Financial Analysis

9.4.8.2 SWOT Analysis

9.4.8.3 Products & Services Offered

9.4.8.4 Strategic Alliances between Business Partners

9.4.9        Kudoti Pty Ltd

9.4.9.1 Business Description & Financial Analysis

9.4.9.2 SWOT Analysis

9.4.9.3 Products & Services Offered

9.4.9.4 Strategic Alliances between Business Partners

9.4.10       Hualong New Material Lumber Co. Ltd

9.4.10.1 Business Description & Financial Analysis

9.4.10.2 SWOT Analysis

9.4.10.3 Products & Services Offered

9.4.10.4 Strategic Alliances between Business Partners

9.4.11      Other Companies

9.4.11.1 Business Description & Financial Analysis

9.4.11.2 SWOT Analysis

9.4.11.3 Products & Services Offered

9.4.11.4 Strategic Alliances between Business Partners

10        RESEARCH METHODOLOGY

10.1 Market Introduction

10.1.1      Market Definition

10.1.2      Market Scope & Segmentation

10.2 Information Procurement

10.2.1      Secondary Research

10.2.1.1           Purchased Databases

10.2.1.2           GMEs Internal Data Repository

10.2.1.3           Secondary Resources & Third Party Perspectives

10.2.1.4           Company Information Sources

10.2.2      Primary Research

10.2.2.1           Various Types of Respondents for Primary Interviews

10.2.2.2           Number of Interviews Conducted throughout the Research Process

10.2.2.3           Primary Stakeholders

10.2.2.4           Discussion Guide for Primary Participants

10.2.3      Expert Panels

10.2.3.1           Expert Panels Across 30+ Industry

10.2.4      Paid Local Experts

10.2.4.1           Paid Local Experts Across 30+ Industry Across each Region

10.3 Market Estimation

10.3.1      Top-Down Approach

10.3.1.1           Macro-Economic Indicators Considered

10.3.1.2           Micro-Economic Indicators Considered

10.3.2      Bottom Up Approach

10.3.2.1           Company Share Analysis Approach

10.3.2.2           Estimation of Potential Product Sales

10.4 Data Triangulation

10.4.1      Data Collection

10.4.2      Time Series, Cross Sectional & Panel Data Analysis

10.4.3      Cluster Analysis

10.5 Analysis and Output

10.5.1      Inhouse AI Based Real Time Analytics Tool

10.5.2      Output From Desk & Primary Research

10.6 Research Assumptions & Limitations

10.7.1      Research Assumptions

10.7.2      Research Limitations

LIST OF TABLES

1 Global Biocomposites Market, By Fiber Type, 2020-2028 (USD Mllion)

2 Wood Fiber Composites Market, By Region, 2020-2028 (USD Mllion)          

3 Non-wood Fiber Composites Market, By Region, 2020-2028 (USD Mllion)

4 Global Biocomposites Market, By Polymer Type, 2020-2028 (USD Mllion)               

5 Natural Polymer Composites Market, By Region, 2020-2028 (USD Mllion)             

6 Synthetic Polymer Composites Market, By Region, 2020-2028 (USD Mllion)

7 Global Biocomposites Market, By End-use Industries, 2020-2028 (USD Mllion)

8 Construction and Building Market, By Region, 2020-2028 (USD Mllion) 

9 Transportation Market, By Region, 2020-2028 (USD Mllion)           

10 Consumer Goods Market, By Region, 2020-2028 (USD Mllion)        

11 Others Market, By Region, 2020-2028 (USD Mllion)

12 Global Biocomposites Market, By PRODUCT, 2020-2028 (USD Mllion)

13 Hybrid Biocomposites Market, By Region, 2020-2028 (USD Mllion)             

14 Green Biocomposites Market, By Region, 2020-2028 (USD Mllion)               

15 Regional Analysis, 2020-2028 (USD Mllion)

16 North America Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

17 North America Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

18 North America Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

19 North America Biocomposites Market, By Product, 2020-2028 (USD Million)

20 North America Biocomposites Market, By Country, 2020-2028 (USD Million)

21 U.S Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

22 U.S Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

23 U.S Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

24 U.S Biocomposites Market, By Product, 2020-2028 (USD Million)

25 Canada Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

26 Canada Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

27 Canada Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

28 CANADA Biocomposites Market, By Product, 2020-2028 (USD Million)

29 Mexico Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

30 Mexico Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

31 Mexico Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

32 mexico Biocomposites Market, By Product, 2020-2028 (USD Million)

33 Europe Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

34 Europe Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

35 Europe Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

36 europe Biocomposites Market, By Product, 2020-2028 (USD Million)

37 Germany Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

38 Germany Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

39 Germany Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

40 germany Biocomposites Market, By Product, 2020-2028 (USD Million)

41 U.K Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

42 U.K Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

43 U.K Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

44 U.kBiocomposites Market, By Product, 2020-2028 (USD Million)

45 France Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

46 France Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

47 France Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

48 france Biocomposites Market, By Product, 2020-2028 (USD Million)

49 Italy Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

50 Italy Biocomposites Market, By Polymer Type Type, 2020-2028 (USD Million)

51 Italy Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

52 italy Biocomposites Market, By Product, 2020-2028 (USD Million)

53 Spain Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

54 Spain Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

55 Spain Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

56 spain Biocomposites Market, By Product, 2020-2028 (USD Million)

57 Rest Of Europe Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

58 Rest Of Europe Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

59 Rest of Europe Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

60 REST OF EUROPE Biocomposites Market, By Product, 2020-2028 (USD Million)

61 Asia Pacific Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

62 Asia Pacific Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

63 Asia Pacific Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

64 asia Biocomposites Market, By Product, 2020-2028 (USD Million)

65 Asia Pacific Biocomposites Market, By Country, 2020-2028 (USD Million)

66 China Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

67 China Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

68 China Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

69 china Biocomposites Market, By Product, 2020-2028 (USD Million)

70 India Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

71 India Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

72 India Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

73 india Biocomposites Market, By Product, 2020-2028 (USD Million)

74 Japan Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

75 Japan Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

76 Japan Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

77 japan Biocomposites Market, By Product, 2020-2028 (USD Million)

78 South Korea Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

79 South Korea Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

80 South Korea Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

81 south korea Biocomposites Market, By Product, 2020-2028 (USD Million)

82 Middle East and Africa Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

83 Middle East and Africa Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

84 Middle East and Africa Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

85 MIDDLE EAST and AFRICA Biocomposites Market, By Product, 2020-2028 (USD Million)

86 Middle East and Africa Biocomposites Market, By Country, 2020-2028 (USD Million)

87 Saudi Arabia Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

88 Saudi Arabia Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

89 Saudi Arabia Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

90 saudi arabia Biocomposites Market, By Product, 2020-2028 (USD Million)

91 UAE Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

92 UAE Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

93 UAE Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

94 uae Biocomposites Market, By Product, 2020-2028 (USD Million)

95 Central and South America Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

96 Central and South America Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

97 Central and South America Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

98 CENTRAL and SOUTH AMERICA Biocomposites Market, By Product, 2020-2028 (USD Million)

99 Central and South America Biocomposites Market, By Country, 2020-2028 (USD Million)

100 Brazil Biocomposites Market, By Fiber Type, 2020-2028 (USD Million)

101 Brazil Biocomposites Market, By Polymer Type, 2020-2028 (USD Million)

102 Brazil Biocomposites Market, By End-use Industries, 2020-2028 (USD Million)

103 brazil Biocomposites Market, By Product, 2020-2028 (USD Million)

104 UPM: Products & Services Offering

105 Trex Company: Products & Services Offering          

106 Fiberon LLC: Products & Services Offering               

107 FlexForm Technologies: Products & Services Offering    

108 Universal Forest Products, Inc. : Products & Services Offering

109 B.COMPOSITES PVT.LTD.: Products & Services Offering        

110 Tecnaro GmbH : Products & Services Offering       

111 Green Dot Corporation: Products & Services Offering    

112 Kudoti Pty Ltd, Inc: Products & Services Offering

113  Hualong New Material Lumber Co. Ltd: Products & Services Offering   

114 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Biocomposites Market Overview

2 Global Biocomposites Market Value From 2020-2028 (USD Mllion)

3 Global Biocomposites Market Share, By Fiber Type (2022)

4 Global Biocomposites Market Share, By Polymer Type (2022)

5 Global Biocomposites Market Share, By End-use Industries (2022)

6 Global Biocomposites Market Share, By Product (2022)

7 Global Biocomposites Market, By Region (Asia Pacific Market)

8 Technological Trends In Global Biocomposites Market

9 Four Quadrant Competitor Positioning Matrix

10 Impact Of Macro & Micro Indicators On The Market

11 Impact Of Key Drivers On The Global Biocomposites Market

12 Impact Of Challenges On The Global Biocomposites Market

13 Porter’s Five Forces Analysis

14 Global Biocomposites Market: By Fiber Type Scope Key Takeaways

15 Global Biocomposites Market, By Fiber Type Segment: Revenue Growth Analysis

16 Wood Fiber Composites Market, By Region, 2020-2028 (USD Mllion)

17 Non-wood Fiber Composites Market, By Region, 2020-2028 (USD Mllion)

18 Global Biocomposites Market: By Polymer Type Scope Key Takeaways

19 Global Biocomposites Market, By Polymer Type Segment: Revenue Growth Analysis

20 Natural Polymer Composites Market, By Region, 2020-2028 (USD Mllion) 

21 Synthetic Polymer Composites Market, By Region, 2020-2028 (USD Mllion)

22 Global Biocomposites Market: By End-use Industries Scope Key Takeaways

23 Global Biocomposites Market, By End-use Industries Segment: Revenue Growth Analysis

24 Construction and Building Market, By Region, 2020-2028 (USD Mllion)      

25 Transportation Market, By Region, 2020-2028 (USD Mllion)

26 Consumer Goods Market, By Region, 2020-2028 (USD Mllion)

27 Others Market, By Region, 2020-2028 (USD Mllion)                

28 Global Biocomposites Market: By Product Scope Key Takeaways

29 Global Biocomposites Market, By Product Segment: Revenue Growth Analysis

30 Hybrid Biocomposites Market, By Region, 2020-2028 (USD Mllion) 

31 Green Biocomposites Market, By Region, 2020-2028 (USD Mllion)

32 Regional Segment: Revenue Growth Analysis

33 Global Biocomposites Market: Regional Analysis

34 North America Biocomposites Market Overview

35 North America Biocomposites Market, By Fiber Type

36 North America Biocomposites Market, By Polymer Type

37 North America Biocomposites Market, By End-use Industries

38 North America Biocomposites Market, By Product

39 North America Biocomposites Market, By Country

40 U.S. Biocomposites Market, By Fiber Type

41 U.S. Biocomposites Market, By Polymer Type

42 U.S. Biocomposites Market, By End-use Industries

43 U.S. Biocomposites Market, By Product

44 Canada Biocomposites Market, By Fiber Type

45 Canada Biocomposites Market, By Polymer Type

46 Canada Biocomposites Market, By End-use Industries

47 Canada Biocomposites Market, By Product

48 Mexico Biocomposites Market, By Fiber Type

49 Mexico Biocomposites Market, By Polymer Type

50 Mexico Biocomposites Market, By End-use Industries

51 Mexico Biocomposites Market, By Product

52 Four Quadrant Positioning Matrix

53 Company Market Share Analysis

54 UPM: Company Snapshot

55 UPM: SWOT Analysis

56 UPM: Geographic Presence

57 Trex Company: Company Snapshot

58 Trex Company: SWOT Analysis

59 Trex Company: Geographic Presence

60 Fiberon LLC: Company Snapshot

61 Fiberon LLC: SWOT Analysis

62 Fiberon LLC: Geographic Presence

63 FlexForm Technologies: Company Snapshot

64 FlexForm Technologies: Swot Analysis

65 FlexForm Technologies: Geographic Presence

66 Universal Forest Products, Inc. : Company Snapshot

67 Universal Forest Products, Inc. : SWOT Analysis

68 Universal Forest Products, Inc. : Geographic Presence

69 B.COMPOSITES PVT.LTD.: Company Snapshot

70 B.COMPOSITES PVT.LTD.: SWOT Analysis

71 B.COMPOSITES PVT.LTD.: Geographic Presence

72 Tecnaro GmbH : Company Snapshot

73 Tecnaro GmbH : SWOT Analysis

74 Tecnaro GmbH : Geographic Presence

75 Green Dot Corporation: Company Snapshot

76 Green Dot Corporation: SWOT Analysis

77 Green Dot Corporation: Geographic Presence

78 Kudoti Pty Ltd, Inc.: Company Snapshot

79 Kudoti Pty Ltd, Inc.: SWOT Analysis

80 Kudoti Pty Ltd, Inc.: Geographic Presence

81 Hualong New Material Lumber Co. Ltd: Company Snapshot

82 Hualong New Material Lumber Co. Ltd: SWOT Analysis

83 Hualong New Material Lumber Co. Ltd: Geographic Presence

84 Other Companies: Company Snapshot

85 Other Companies: SWOT Analysis

86 Other Companies: Geographic Presence

The Global Biocomposites Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Biocomposites Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Biocomposites Market.

Biocomposites Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Biocomposites Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Biocomposites Market Share

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Frequently Asked Questions

The global biocomposites market is projected to grow at a CAGR of 16.3% from 2023 to 2028.
UPM, Trex Company, Universal Forest Products, Inc., Fiberon LLC, FlexForm Technologies, B.COMPOSITES PVT.LTD, Tecnaro GmbH, Green Dot Corporation, Kudoti Pty Ltd, Inc. , and Hualong New Material Lumber Co. Ltd, among others, are some of the key players operating in the global biocomposites market.
The global biocomposites market is expected to gain opportunities due to increasing demand for eco-friendly materials. The market growth is driven by rising biocomposites applications in automotive, construction, and packaging sectors. Increasing environmental awareness, stringent regulations, and a shift towards renewable resources contribute to the markets potential for expansion.
The increasing concerns for environment, encouragement of government policies and incentives, increasing awareness in consumers for eco-friendly products, increasing research and development in biocomposites applications, and growing adoption of biocomposites across different industries, are the major drivers for the global biocomposites market growth.

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