The invention relates to a wood plastic composite foaming material and a forming process and forming equipment thereof. The diameters of foam holes of the wood plastic composite foaming material are 0.01 to 5 millimeters; and the main component of the material is a mixture of thermoplastic plastic and plant fiber powder, or a mixture of thermoplastic plastic, starch and plant fiber powder, or a mixture of thermoplastic plastic, rubber powder and plant fiber powder. The invention also relates to the forming process and the forming equipment for the wood plastic composite foaming material. The wood plastic composite foaming material has the advantages of low density, high strength and low production cost, is suitable to be used as a packing material for various commodities, a buffering member for various devices, an elastic member of a product such as a sofa, a mattress, a sole and the like and a structural component of a household electric appliance, and is used for replacing wood for manufacturing floors, handrails, doors and windows, resting chairs used in gardens and the like.