Newark, April 11, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 31.41 billion in 2023 global biocomposites market will reach USD 149.95 billion by 2033. The idea of a circular economy, which highlights resource efficiency, waste reduction, and material recycling, presents significant opportunities for biocomposites. Manufacturers are exploring closed-loop systems for biocomposite production, recycling, and reuse, thereby minimizing waste and maximizing resource utilization throughout the product lifecycle. Furthermore, the development of bio-based additives and fillers derived from renewable resources will further enhance the sustainability profile of biocomposites. These additives can improve material properties, enhance processing characteristics, and reduce costs while reducing reliance on petroleum-based additives.
• A B Composites Pvt Ltd.
• Bast Fibers LLC
• Bcomp
• BioComposites Group (BCG)
• Colan Australia
• DEVOLD AMT AS
• Fiberon
• Flexform SpA
• G. Angeloni s.r.l
• Green Dot Corporation
• Hualong New Material Lumber Co. Ltd.
• Kudoti Pty Ltd.
• Lingrove Inc.
• LANXESS
• Meshlin Composites ZRT
• Nanjing Xuha Sundi New Building Materials, Ltd.
• Nanjing Jufeng Advanced Materials Co., Ltd.
• Procotex
• RTP Company
• Rock West Composites, Inc.
• STRUCTeam
• Stora Enso
• Trex Company, Inc.
• Tecnaro GmbH
• Taiyuan Heavy Industry Co., Ltd.
• Talon Technology Co., Ltd.
• UPM
• UFP Industries, Inc.
• Non-wood Fiber Composites
• Synthetic Polymer
• Green Biocomposites
• Consumer Goods
• Transportation
• Others
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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Web: www.thebrainyinsights.com 
(GlobeNewsWire)