The global composites market size was estimated at USD 93.69 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. This growth is attributed to the rising demand for lightweight components in the automotive and transportation industry. Furthermore, increasing utilization of advanced lightweight components across the manufacturing industries...

The global fiber reinforced polymer (FRP) composites market is projected to reach a value of USD 152.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030, according to a new report published by Grand View Research, Inc. This growth is expected to be fueled by the increasing demand for FRP products, which are known for their exceptional...

The biodegradable packaging market is undergoing a rapid transformation driven by global sustainability trends and mounting environmental concerns. Valued at USD 473.74 billion in 2023, the market is projected to grow from USD 501.72 billion in 2024 to an impressive USD 800.48 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 6.0% during...

The global natural fiber composites market size is estimated to reach USD 18.65 billion by 2030, expanding at a CAGR of 12.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. Natural fiber composites are eco-friendly materials used to provide durability and strength to the physical structures used in automotive and construction industries. Rising awareness...