According to Cognitive Market Research, The global Natural Fiber Composites market size is USD 0.315 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
The demand for natural fiber composites is growing because eco-friendly composites offer enhanced properties suitable for various applications across industries.
Demand for electric, lighter, safer, and more fuel-efficient vehicles in the Natural Fiber Composites market.
The Flax and PP category held the highest Natural Fiber Composites market revenue share in 2023.
Asia Pacific will continue to lead, whereas the North America Natural Fiber Composites market will experience the most substantial growth until 2030.
