Wood Plastic Composites Market Size

Wood Plastic Composites Market size was valued at USD 8.95 billion in 2024 and is likely to exceed USD 44.91 billion by the end of 2037, expanding at over 13.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of wood plastic composites is evaluated at USD 9.9 billion.

The major factor to boost the market expansion is the growing demand for natural fiber-reinforced composites owing to the scarcity of forests. In accordance with estimates, the use of natural fiber-reinforced composites is anticipated to increase from about 11% in 2010 to approximately 17% and 24%, respectively, by 2020 and 2030, considering the worldwide dilemma of depleting forests and fossil fuel supplies. Hence, the market demand is on the rise.

One of the most important natural fiber-reinforced composites is considered to be wood plastic composites. They are made primarily from thermoplastic polymers (polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), and polystyrene (PS), as well as biomass particles and fibers from forestry and agricultural wastes including wood, bamboo, straw, stalk, husk, and more. Therefore, with the growing concern for deforestation, the demand for wood plastic composite is estimated to rise and successfully replace conventional wood-based composites.