The Global Biocomposite Materials Market was valued at USD 29.8 Billion in 2024 and is projected to reach USD 54.3 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period (2024–2030). This robust growth is primarily driven by the global push for sustainable manufacturing, stringent environmental regulations, and the increasing consumer preference for eco-friendly products across industries such as automotive, construction, and packaging.

As industries worldwide intensify their efforts to reduce carbon footprints and embrace circular economy principles, biocomposites have emerged as a pivotal solution. These materials, which combine natural fibers with polymer, metal, or ceramic matrices, offer a compelling alternative to conventional synthetic composites. In this blog, we profile the Top 10 Companies in the Global Biocomposite Materials Industry—a collection of material science innovators, established manufacturers, and sustainability pioneers shaping the future of green materials.

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🔟 1. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: EcoTouch® Insulation, BIOBATT® Mineral Wool, Glass Fiber Reinforcements for Biocomposites

Owens Corning is a global leader in insulation, roofing, and fiberglass composites. The company is at the forefront of developing sustainable building materials and is increasingly integrating bio-based and recycled content into its composite formulations. Its commitment to material science innovation positions it as a key player in the high-performance biocomposites segment.

Sustainability Initiatives:

• Goal to achieve carbon neutrality by 2030

• Development of bio-based resins and natural fiber reinforcements

• Product transparency through Environmental Product Declarations (EPDs)

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9️⃣ 2. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® Carbon Fiber, Bio-based Polymers, Green Composite Materials

Toray Industries is a multinational corporation specializing in advanced materials, including carbon fibers, plastics, and specialty chemicals. The company is actively researching and commercializing biocomposites, particularly for the aerospace and automotive sectors, where lightweighting and sustainability are critical.

Sustainability Initiatives:

• Investment in R&D for plant-derived carbon fiber precursors

• Development of fully recyclable thermoplastic composites

• Commitment to the Toray Group Sustainability Vision 2050

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8️⃣ 3. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: HexMC® molding compounds, HexPly® prepregs, HiTape® reinforcements

Hexcel is a leading producer of advanced composite materials for commercial aerospace, space, defense, and industrial applications. The company focuses on high-performance carbon fibers and reinforcements, with a growing portfolio that includes bio-derived and sustainable material solutions to meet the industry’s evolving environmental standards.

Sustainability Initiatives:

• Partnerships with aerospace OEMs to develop sustainable composite solutions

• Focus on closed-loop recycling technologies for carbon fiber composites

• Reduction of environmental footprint across manufacturing operations

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7️⃣ 4. Flexform Technologies

Headquarters: Elkhart, Indiana, USA
Key Offering: Natural Fiber Composites, Advanced Thermoplastic Sheets, Compression Molded Components

Flexform Technologies specializes in lightweight, high-strength composite materials using natural fibers like flax, hemp, and kenaf. Their proprietary processes create sustainable alternatives to fiberglass and other synthetic reinforcements, primarily serving the automotive, furniture, and consumer goods industries.

Sustainability Initiatives:

• Pioneering the use of annually renewable natural fibers

• Manufacturing processes that reduce energy consumption and emissions

• Development of fully biodegradable and compostable composite solutions

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6️⃣ 5. Technaro GmbH

Headquarters: Eislingen, Germany
Key Offering: ARBOFORM® (Liquid Wood), ARBOBLEND® Biocomposites

Technaro GmbH is a German innovator known for its bio-based, biodegradable materials branded as “Liquid Wood.” ARBOFORM® is a thermoplastic material made from lignin, a by-product of the paper industry, combined with natural fibers. It serves as a sustainable alternative to engineering plastics in various applications.

Sustainability Initiatives:

• Utilization of lignin, a renewable raw material from wood pulping

• Production of materials that are biodegradable and compostable

• Focus on creating a circular economy for composite materials

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5️⃣ 6. Procotex SA Corporation NV

Headquarters: Wielsbeke, Belgium
Key Offering: Flax, Jute, and Hemp Fiber Reinforcements, Nonwoven Mats for Composites

Procotex is a leading European supplier of natural fibers for the composite industry. The company processes and supplies high-quality flax, jute, and hemp fibers that are used as sustainable reinforcements in automotive interiors, building materials, and consumer products.

Sustainability Initiatives:

• Specialization in natural, renewable, and biodegradable fiber solutions

• Supply chain transparency from farm to finished product

• Development of tailored fiber solutions for specific composite applications

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4️⃣ 7. Greengran BV

Headquarters: Groningen, Netherlands
Key Offering: Granulated and Compounded Biocomposites, Bio-Polymer Compounds

Greengran BV is a specialist in compounding and granulating biocomposites. The company focuses on creating customized material formulations by combining biopolymers with natural fibers, offering drop-in solutions for manufacturers looking to transition to more sustainable materials without compromising on performance.

Sustainability Initiatives:

• Expertise in creating high bio-content composite materials

• Collaboration with clients to develop application-specific sustainable solutions

• Focus on enhancing the processability and performance of biocomposites

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3️⃣ 8. JEC Group

Headquarters: Paris, France
Key Offering: Global Composites Knowledge Platform, Industry Events, Innovation Awards

The JEC Group is the world’s leading composite industry organization, connecting and promoting all players in the composite materials value chain, including the rapidly growing biocomposites sector. Through its events, publications, and innovation programs, JEC Group accelerates the adoption and development of sustainable composite solutions worldwide.

Sustainability Initiatives:

• Dedicated programs and forums focusing on sustainable composites

• JEC Innovation Awards highlighting breakthroughs in biocomposites

• Global platform for knowledge sharing on green material technologies

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2️⃣ 9. Cardboard Composite Materials

Headquarters: Various locations globally
Key Offering: Paper-based Composite Panels, Molded Pulp Products

This segment encompasses a range of manufacturers specializing in composite materials derived from recycled cardboard and paper products. These materials are engineered for applications in packaging, furniture, and building materials, offering a low-cost, highly sustainable alternative to traditional composites.

Sustainability Initiatives:

• Utilization of post-consumer and post-industrial paper waste streams

• Creation of lightweight, strong, and fully recyclable composite products

• Focus on circular economy principles and waste valorization

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1️⃣ 10. UPM Biocomposites

Headquarters: Helsinki, Finland
Key Offering: UPM Formi® Biocomposites, UPM Grada® Thermally Modified Wood

UPM Biocomposites is part of the UPM Group, a global forest industry leader. The company produces high-quality, wood-based biocomposites that are used in construction, automotive, and consumer goods. Their materials combine the sustainability of wood with the performance and durability of advanced composites.

Sustainability Initiatives:

• Sourcing raw materials from sustainably managed forests

• Development of biocomposites with a negative carbon footprint

• Commitment to the UN Sustainable Development Goals

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🌍 Outlook: The Future of Biocomposite Materials Is Sustainable and High-Performance

The global biocomposite materials market is undergoing a profound transformation. While traditional composites still dominate certain high-performance sectors, the industry is witnessing unprecedented investment in bio-based alternatives, advanced manufacturing technologies, and circular material systems.

📈 Key Trends Shaping the Market:

• R&D advancements in bio-resins and high-performance natural fibers

• Increasing regulatory support and sustainability mandates globally

• Growing adoption in automotive lightweighting and electric vehicle (EV) production

• Expansion of application areas into medical devices and consumer electronics

Get Full Report Here: Global Biocomposite Materials Market – View in Detailed Research Report

The companies profiled above are not only supplying materials—they are actively building the foundation for a more sustainable industrial ecosystem and driving the green materials revolution across global supply chains.