Report Description

By 2028, the global market for Bio-Composites is expected to grow impressively due to increasing demand from the building & construction industry. In 2021, Biocomposite production in Europe stood at roughly 436 thousand metric tonnes.

Biocomposites are made of natural fibers such as hemp, wood, paper industry waste, jute, and flax in the polymer matrix. Because of the greater use of natural fiber as reinforcement and the high cost of synthetic fibers, the market for bio-composites is expected to grow over the next several years. Additionally, rising demand in the automotive sector to increase the safety of passengers and reduce the weight of a vehicle is expected to increase the market demand.

Furthermore, In January 2022, the U.S. Department of Energy (DOE) announced that it would invest USD 13.4 million in next-generation plastic materials technologies to decrease single-use plastics' energy use and carbon emission levels and according to the E.U. Commission, annually, the European automotive industry uses 80,000 tonnes of fibers rather than substitute synthetic fibers to reinforce composite items; therefore the global bio-composites market is expected to rise in the forecast period.

Growing Demand from Building & Construction

In the building sector, biocomposites are increasingly employed for wall sheathing, roofing, and flooring. For the same price, these composites provide goods with more excellent durability than conventional wood or steel ones. Biocomposites may be produced with varying degrees of fire resistance in addition to their physical characteristics, making it feasible to utilize them as exterior cladding on buildings or even roofs without harming safety. In addition, biocomposites are also used in the restoration and renovation of various structural parts. Due to excellent thermal & auditory properties, they are also used as insulating & soundproof materials. Thus, the demand for biocomposites will likely grow globally during the forecast period.

Furthermore, concerning government rules regarding sustainable building materials, biocomposites play a vital role because they help to eliminate nonrenewable waste, reduce raw material utilization, cut fossil fuel consumption, and replace synthetic fiber-reinforced composites; all these factors driving the biocomposites market growth.

High Demand from the Transportation Segment

Biocomposites are being used more often in cars and trucks. Automobiles are utilized for nonstructural parts like interior panels and exterior parts. They assist manufacturers in cutting costs and reducing the weight of cars. Using these materials rather than metals or alloys decreases the risk of harm to passengers in the event of an accident. In addition, biocomposites are utilized in various automotive applications, including creating environmentally friendly vehicles, using automotive pistons, and developing anti-roll bar brake friction materials for medium-duty and low-velocity impact applications; these are some significant factors that are anticipated to increase the growth of the biocomposites market.

Moreover, ongoing vehicle technological advancement and increasing focus on the use of more sustainable and environmentally friendly vehicles in the form of E-vehicles are raising the demand for bio-composites in the upcoming years.

Increasing Demand from Defence and Aerospace Sector

An unusual demand for bio-based products will result from the aerospace and defense industries' need for biocomposites. Currently, the usage of biocomposites is increasing in the aerospace industry to produce aircraft equipment, which necessitates cutting-edge composites that can maintain the product; all these factors are expected to increase the growth of the biocomposites market in the projected period.  

Recent Developments

  • In April 2022, INCA Renewtech announced to manufacture of a 2,00,000-square-foot fibers processing & composites production facility in Vegreville, Alberta.
  • The Tepex series of continuous-fiber-reinforced thermoplastic composites were introduced by LANXESS in October 2021. It combines textiles from natural flax fibers with bio-based polylactic acid as matrix materials. The only natural resources used in the development of this bio-composite.
  • In October 2021, a broad selection of sustainable/natural bio-composites will be introduced by Retrac Group, a recognized composites expert in the UK.
  • For the treatment of infections in the bones and soft tissues, Biocomposites, a global medical device firm, produces and manufacture industry-leading solutions in July 2021.


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Market Segmentation

Global Bio-Composites Market is segmented based on fiber type, polymer type, product, end user, and region. Based on the fiber type, the market is categorized into wood and Non-wood. Based on the polymer type, the market is segmented into Natural and Synthetic. Based on the product, the market is divided into Hybrid and Green. Based on the end user, the market is fragmented into transportation, building & construction, consumer goods, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Market Players

Stora Enso Oyj, UPM-Kymmene Corporation, Tecnaro GmbH, BioComposites Group, Green Dot Bioplastics Inc, Retrac Group Limited, A.B.Composites Pvt.Ltd., Winrigo (S) Pte Ltd, Anhui Guofeng Wood-Plastic Composite Co., Ltd., Meshlin Composites Zrt. are some of the key players of the Global Bio-Composites Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Fiber Type

·         Polymer Type

·         Product

·         End User

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Italy, Russia, China, India, South Korea, Japan, Australia, Malaysia, Indonesia, Thailand, Brazil, Argentina, South Africa, Saudi Arabia, UAE

Key companies profiled

Stora Enso Oyj, UPM-Kymmene Corporation, Tecnaro GmbH, BioComposites Group, Green Dot Bioplastics Inc, Retrac Group Limited, A.B.Composites Pvt.Ltd., Winrigo (S) Pte Ltd, Anhui Guofeng Wood-Plastic Composite Co., Ltd., Meshlin Composites Zrt.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global bio-composites market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Bio-Composites Market, By Fiber Type:
    • Wood
    • Non-Wood
  • Bio-Composites Market, By Polymer Type:
    • Natural
    • Synthetic
  • Bio-Composites Market, By Product:
    • Hybrid
    • Green
  • Bio-Composites Market, By End User:
    • Transportation
    • Building & Construction
    • Consumer Goods
    • Others
  • Bio-Composites Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Russia
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Australia
      • Malaysia
      • Indonesia
      • Thailand
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in global bio-composites market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Bio-Composites Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected].

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Bio-Composites Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Fiber Type (Wood, Non-Wood)

5.2.2.    By Polymer Type (Natural, Synthetic)

5.2.3.    By Product (Hybrid, Green)

5.2.4.    By End User (Transportation, Building & Construction, Consumer Goods, Others)

5.2.5.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.6.    By Company (2022)

5.3.  Market Map

5.3.1.    By Fiber Type

5.3.2.    By Polymer Type

5.3.3.    By Product

5.3.4.    By End User

5.3.5.    By Region

6.    North America Bio-Composites Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Fiber Type

6.2.2.    By Polymer Type

6.2.3.    By Product

6.2.4.    By End User

6.2.5.    By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.    United States Bio-Composites Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value & Volume

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Fiber Type

6.4.1.2.2.           By Polymer Type

6.4.1.2.3.           By Product

6.4.1.2.4.           By End User

6.4.2.    Mexico Bio-Composites Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value & Volume

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Fiber Type

6.4.2.2.2.           By Polymer Type

6.4.2.2.3.           By Product

6.4.2.2.4.           By End User

6.4.3.    Canada Bio-Composites Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value & Volume

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Fiber Type

6.4.3.2.2.           By Polymer Type

6.4.3.2.3.           By Product

6.4.3.2.4.           By End User

7.    Europe Bio-Composites Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Fiber Type

7.2.2.    By Polymer Type

7.2.3.    By Product

7.2.4.    By End User

7.2.5.    By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.    France Bio-Composites Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value & Volume

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Fiber Type

7.4.1.2.2.           By Polymer Type

7.4.1.2.3.           By Product

7.4.1.2.4.           By End User

7.4.2.    Germany Bio-Composites Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value & Volume

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Fiber Type

7.4.2.2.2.           By Polymer Type

7.4.2.2.3.           By Product

7.4.2.2.4.           By End User

7.4.3.    United Kingdom Bio-Composites Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value & Volume

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Fiber Type

7.4.3.2.2.           By Polymer Type

7.4.3.2.3.           By Product

7.4.3.2.4.           By End User

7.4.4.    Italy Bio-Composites Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value & Volume

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Fiber Type

7.4.4.2.2.           By Polymer Type

7.4.4.2.3.           By Product

7.4.4.2.4.           By End User

7.4.5.    Russia Bio-Composites Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value & Volume

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Fiber Type

7.4.5.2.2.           By Polymer Type

7.4.5.2.3.           By Product

7.4.5.2.4.           By End User

8.    Asia-Pacific Bio-Composites Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Fiber Type

8.2.2.    By Polymer Type

8.2.3.    By Product

8.2.4.    By End User

8.2.5.    By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.    China Bio-Composites Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value & Volume

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Fiber Type

8.4.1.2.2.           By Polymer Type

8.4.1.2.3.           By Product

8.4.1.2.4.           By End User

8.4.2.    India Bio-Composites Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value & Volume

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Fiber Type

8.4.2.2.2.           By Polymer Type

8.4.2.2.3.           By Product

8.4.2.2.4.           By End User

8.4.3.    South Korea Bio-Composites Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value & Volume

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Fiber Type

8.4.3.2.2.           By Polymer Type

8.4.3.2.3.           By Product

8.4.3.2.4.           By End User

8.4.4.    Japan Bio-Composites Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value & Volume

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Fiber Type

8.4.4.2.2.           By Polymer Type

8.4.4.2.3.           By Product

8.4.4.2.4.           By End User

8.4.5.    Australia Bio-Composites Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value & Volume

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Fiber Type

8.4.5.2.2.           By Polymer Type

8.4.5.2.3.           By Product

8.4.5.2.4.           By End User

8.4.6.    Malaysia Bio-Composites Market Outlook

8.4.6.1.        Market Size & Forecast

8.4.6.1.1.           By Value & Volume

8.4.6.2.        Market Share & Forecast

8.4.6.2.1.           By Fiber Type

8.4.6.2.2.           By Polymer Type

8.4.6.2.3.           By Product

8.4.6.2.4.           By End User

8.4.7.    Indonesia Bio-Composites Market Outlook

8.4.7.1.        Market Size & Forecast

8.4.7.1.1.           By Value & Volume

8.4.7.2.        Market Share & Forecast

8.4.7.2.1.           By Fiber Type

8.4.7.2.2.           By Polymer Type

8.4.7.2.3.           By Product

8.4.7.2.4.           By End User

8.4.8.    Thailand Bio-Composites Market Outlook

8.4.8.1.        Market Size & Forecast

8.4.8.1.1.           By Value & Volume

8.4.8.2.        Market Share & Forecast

8.4.8.2.1.           By Fiber Type

8.4.8.2.2.           By Polymer Type

8.4.8.2.3.           By Product

8.4.8.2.4.           By End User

9.    South America Bio-Composites Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Fiber Type

9.2.2.    By Polymer Type

9.2.3.    By Product

9.2.4.    By End User

9.2.5.    By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.    Brazil Bio-Composites Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value & Volume

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Fiber Type

9.4.1.2.2.           By Polymer Type

9.4.1.2.3.           By Product

9.4.1.2.4.           By End User

9.4.2.    Argentina Bio-Composites Market Outlook

9.4.2.1.        Market Size & Forecast

9.4.2.1.1.           By Value & Volume

9.4.2.2.        Market Share & Forecast

9.4.2.2.1.           By Fiber Type

9.4.2.2.2.           By Polymer Type

9.4.2.2.3.           By Product

9.4.2.2.4.           By End User

10. Middle East and Africa Bio-Composites Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Fiber Type

10.2.2. By Polymer Type

10.2.3. By Product

10.2.4. By End User

10.2.5. By Country

10.3.             Pricing Analysis

10.4.             MEA: Country Analysis

10.4.1. South Africa Bio-Composites Market Outlook

10.4.1.1.     Market Size & Forecast

10.4.1.1.1.         By Value & Volume

10.4.1.2.     Market Share & Forecast

10.4.1.2.1.         By Fiber Type

10.4.1.2.2.         By Polymer Type

10.4.1.2.3.         By Product

10.4.1.2.4.         By End User

10.4.2. Saudi Arabia Bio-Composites Market Outlook

10.4.2.1.     Market Size & Forecast

10.4.2.1.1.         By Value & Volume

10.4.2.2.     Market Share & Forecast

10.4.2.2.1.         By Fiber Type

10.4.2.2.2.         By Polymer Type

10.4.2.2.3.         By Product

10.4.2.2.4.         By End User

10.4.3. UAE Bio-Composites Market Outlook

10.4.3.1.     Market Size & Forecast

10.4.3.1.1.         By Value & Volume

10.4.3.2.     Market Share & Forecast

10.4.3.2.1.         By Fiber Type

10.4.3.2.2.         By Polymer Type

10.4.3.2.3.         By Product

10.4.3.2.4.         By End User

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Developments

12.2.             Product Launches

12.3.             Mergers & Acquisitions

13. Global Bio-Composites Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Business Overview

15.2.             Product Offerings

15.3.             Recent Developments

15.4.             Financials (In Case of Listed Companies)

15.5.             Key Personnel

15.6.             SWOT Analysis

15.6.1. Stora Enso Oyj

15.6.2. UPM-Kymmene Corporation

15.6.3. Tecnaro GmbH

15.6.4. BioComposites Group

15.6.5. Green Dot Bioplastics Inc

15.6.6. Retrac Group Limited

15.6.7. A.B.Composites Pvt.Ltd.

15.6.8. Winrigo (S) Pte Ltd

15.6.9. Anhui Guofeng Wood-Plastic Composite Co., Ltd.

15.6.10.              Meshlin Composites Zrt.

Strategic Recommendations

Figures and Tables

Frequently asked questions

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Increasing demand for eco-friendly and durable manufacturing materials is the key driver that drives the Global Bio-Composites Market.

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Stora Enso Oyj, UPM-Kymmene Corporation, Tecnaro GmbH, BioComposites Group, Green Dot Bioplastics Inc, Retrac Group Limited, A.B.Composites Pvt.Ltd., Winrigo (S) Pte Ltd, Anhui Guofeng Wood-Plastic Composite Co., Ltd., Meshlin Composites Zrt. are some of the key players of the Global Bio-Composites Market.

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Asia Pacific region is expected to hold the largest market share over the next five years due to increasing demand for decking, fencing, and railing in the building and construction industry.

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Bio-composites can be collected, sorted, and recycled to produce other products.

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