How Bio-based Composites Are Transforming Industries Worldwide
07.08.2025 - 18:08:27Factors contributing to this growth include:
1. Greenfield Projects and Investment in Infrastructure.: Greenfield projects involve building new structures on undeveloped land, like a factory or road, where nothing existed before. Investment in infrastructure means funding the creation or improvement of essential facilities, like roads or power grids, that support everyday life and economic growth. Together, these efforts help create modern, efficient systems that drive development and improve communities.
2. Technological Advances in Bio-based Composite Materials.: Technological advances in bio-based composite materials involve new methods and tools that make these eco-friendly materials stronger, more durable, and more versatile. Innovations like improved manufacturing techniques and advanced processing methods have enhanced the quality and performance of these materials, making them suitable for a wider range of uses, from construction to consumer products. These developments are helping to push the market for bio-based composites forward, offering more sustainable alternatives to traditional materials.
3. Growing End-use Applications.: means that bio-based composite materials are being used in more and more products and industries. For example, they're increasingly found in things like car parts, building materials, and consumer goods. As these materials become more popular due to their eco-friendly properties, different industries are discovering new ways to use them, which drives demand and expands their applications even further.
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Report Synopsis
Report Metrics
Details
Base year considered
2023
Forecast Period considered
2024-2029
Base year market size
$5.9 billion
Market Size Forecast
$9.0 billion
Growth Rate
CAGR of 7.4% for the forecast period of 2024-2029
Segment Covered
Type, Resin Type, Fiber Type, End User
Regions covered
North America, Europe, Asia-Pacific, Rest of the World
Countries covered
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Portugal, Sweden, Hungary, Romania, Japan, China, India, Thailand, Indonesia, Singapore, Malaysia, Vietnam, Brazil, Argentina, Middle East and Africa
Key Market Drivers
• Greenfield Projects and Investment in Infrastructure
• Technological Advances in Bio-based Composite Materials
• Growing End-use Applications
This report on global bio-based composite material market provides comprehensive insights and analysis, addressing the following key questions:
1 What is the projected market size and growth rate of the market?
In terms of value, the global bio-based composite material market is projected to grow from $5.9 billion in 2023 to $9.0 billion in 2029 at a compound annual growth rate (CAGR) of 7.4% during the forecast period.
2 What are the key factors driving the growth of the market?
The key factors driving the growth of the bio-based composite material market include:
• Technological advancements in bio-composite materials
• Growing end-use applications
3 What segments are covered in the market?
The bio-based composite material market is segmented based on types, fiber types, resin types, and end-use. By type, it is segmented into two major segments: wood fiber and non-wood fiber. In terms of fiber types, it is segmented into four major segments: wood fiber, hemp, flax, and others. By resin type, it is segmented into four major segments: polyethylene, polypropylene, polyvinyl chloride, and others. End-use industries are segmented into five major segments: building and construction, transportation, industrial, consumer goods, and others.
4 By end-use, which segment will dominate the market by the end of 2029?
The building and construction segment will dominate by the end of 2029.
5 Which region has the highest market share in the market?
North America holds the highest share of the market. The growing demand for lightweight vehicles and the rise in green infrastructure projects further create a massive demand in the North American region. Simultaneously, the strict norms on carbon emissions and waste generation further drive the global bio-based composite materials market in the North American region.
Some of the Key Market Players Are:
• FIBERON
• FLEXFORM TECHNOLOGIES
• GREEN DOT BIOPLASTICS
• HUANGSHAN HUASU NEW MATERIAL SCIENCE & TECHNOLOGY CO. LTD.
• JELU-WERK J. EHRLER GMBH & CO. KG
• MESHLIN COMPOSITES ZRT.
• NORSKE SKOG
• PROCOTEX
• TECNARO GMBH
• THE AZEK CO. INC.
• TREX CO. INC.
• TTS
• UFP INDUSTRIES INC.
• UPM
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