Natural Fiber Composite Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Natural Fiber Composite Market reached US$ 327.0 Million in 2023 and is expected to reach US$ 494.3 Million by 2031, growing with a CAGR of 5.3% during the forecast period 2024-2031.

Globally, governments and regulators are enforcing rigorous regulations and laws that promote environmentally friendly behaviors and lower carbon emissions. The includes laws mandating the use of environmentally friendly materials in several businesses, which promotes the usage of composites made of natural fibers. Sustainable materials have grown increasingly common as a result of consumers' growing need for environmentally friendly goods. The preferences are met by natural fiber composites, which fuel demand in a variety of sectors, including consumer products, building, automotive and packaging.