Biocomposites Market
The global biocomposites market generated USD 31.41 billion revenue in 2023 and is projected to grow at a CAGR of 16.92% from 2024 to 2033. The market is expected to reach USD 149.95 billion by 2033. The growing consciousness among individuals regarding eco-friendly materials, coupled with governmental initiatives to supplant plastics with biodegradable and environmentally beneficial alternatives, stand as prominent trends propelling market expansion.
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