The predicted size of the global biocomposites market in 2022 is USD 24,726.7 million. By 2030, it is anticipated to reach USD 74,593.5 million, expanding at a compound yearly growth rate (CAGR) of 14.8%. Utilizing natural composites, being less expensive than replacements, and providing greater product utility across a variety of end-user verticals are projected to drive the market.

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MARKET DRIVERS
The global market for biocomposites is expanding as a result of the widespread use of biodegradable natural composites and the expansion of end-use industries such as consumer goods, electronics, automotive, and construction.
In circumstances when fire and explosion protection is required, the biocomposites are efficient thermal insulators. Because of their high strength and low weight, which can lower fuel consumption or increase acceleration, biocomposites are commonly utilised in transportation. The automobile industry, which is more technologically advanced and uses biocomposites in combination with common materials like carbon and glass fibres to give high tensile strength and stiffness, is the main driver of the global market.
The government laws supporting the production and use of environmentally friendly products and materials are another important factor driving the market's expansion. The most notable developments and rates of adoption of biocomposites are in countries like Germany, the United States, Japan, and others.

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SEGMENT COVERAGE
Biocomposites Market By Fiber: Segment Analysis 2022 & 2030
• Wood Fiber Composites
• Non-wood Fiber Composites
Biocomposites Market By Polymer: Segment Analysis 2022 & 2030
• Natural
o Polyhydroxyalkanoate
o Polylactic Acid
o Others
• Synthetic
o Polypropylene
o Polyethylene
o Polyvinyl Chloride
Biocomposites Market By Product: Opportunity Analysis 2022 & 2030
• Hybrid Biocomposites
• Green Biocomposites
Biocomposites Market By Product: End Use Analysis 2022 & 2030
• Construction Industry
• Automotive
• Medical
• Military Application
• Consumer Goods
• Aerospace
• Others
By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

COMPETITIVE ANALYSIS
Some of companies profiled in report include UPM, Fiberon LLC, FlexForm Technologies, Meshlin Composites ZRT, Nanjing Jufeng Advanced Materials Co., Ltd, Tecnaro GmbH, Trex Company, and Universal Forest Products, Inc.

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