Bio-based composites are materials made from natural fibers (like hemp, flax, or jute) and bio-based polymers obtained from renewable sources such as cornstarch, sugarcane, or cellulose. These composites are increasingly being used as alternatives to traditional composites, which are typically manufactured using synthetic fibers and petrochemical-based resins. The shift towards bio-based composites is driven by their environmental benefits, including reduced carbon footprint, biodegradability, and lower energy consumption during production.
Here, we’ll take a closer look at the Bio-Based Composite Material Market, highlighting key drivers, innovations, challenges, top industry players, regional insights, and future trends.
The global bio-based composite material market is projected to grow significantly over the next few years. According to BCC Research, the market is expected to expand from $5.9 billion in 2023 to $9.0 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2029.