The global biocomposites market size reached USD 24.40 Billion in 2021 and is expected to register a revenue CAGR of 15.7% during the forecast period, according to latest analysis by Emergen Research. Global shift toward bio-based circular economy is a key factor driving market revenue growth.

The Biocomposites Market report maps major geographical regions and their placement in the global economy. It predicts the growth of Biocomposites in the upcoming years. The research segments the market based on product type, applications and end-use. It profiles the key players of the business and discusses investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the industry.  The report gives a competitive analysis by evaluating the market position of the companies. It also examines the upcoming and niche areas in the business. The researcher aims to provide insights into the trends observed in the industry and the sectors that exhibit the most growth prospects.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Biocomposites market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

UPM, Trex Company, Fiberon, FlexForm Technologies, Nanjing Jufeng Advanced Materials Co., Ltd., Meshlin Composites Zrt, Tecnaro GmbH, HempFlax Group B.V., Trifilon, Fasal Wood GmbH, Addiplast Group, and Transmare Compounding

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Emergen Research has segmented the global Biocomposites market on the basis of type, application, end-use, and region:

• Fiber Type Outlook (Revenue, USD Billion; 2019-2030)
  • Roselle Fiber
  • Kenaf Fiber
  • Flax Fiber
  • Ramie Fiber
  • Others

• Polymer Type Outlook (Revenue, USD Billion; 2019-2030)
  • PP
  • PE
  • PA
  • PLA
  • Others

• End-Use Outlook (Revenue, USD Billion; 2019-2030)
  • Building & Construction
  • Automotive
  • Medical
  • Consumer Goods
  • Others

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

• Analysis and estimation of the Biocomposites Market size and share for the projected period of 2022-2030
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Biocomposites Market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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