Automotive Industry Shifts Gear Towards Biocomposites Market

The Biocomposites Market is expected to grow from USD 29.5 billion in 2022 to USD 69.13 billion by 2028 at a CAGR of 15.00% during the forecast period.
Asia-Pacific is expected to remain the largest market for biocomposites during the forecast period. Increasing construction activities, growing population, flourishing automotive industry, and rising disposable income are the major factors driving the growth of the biocomposites market in the Asia-Pacific region.