The invention relates to a wood plastic composite material comprising the following materials in parts by weight: 100 parts of wood meals, 20-80 parts of waste plastics, 5-50 parts of waste rubbers, 10-60 parts of high-melt index thermoplastic resins, 1-12 parts of surface active agents, 2-8 parts of lubricating agents, 0.1-4 parts of cross-linking agents, 0.1-4 parts of antioxygens and 0.05-1.5 parts of processing agents, wherein the grain diameter of the wood meals ranges from 10 meshes to 325 meshes; the flow velocity of the high-melt index thermoplastic resins is higher than 20 g/10 minutes; the cross-linking agents are peroxides, thus the invention improves the dispersibility and the flowability of the wood meals contained in the composite and the compatibility of plastics by adding the high-melt index thermoplastic resins, can not only better utilize the resources, but also enhances the mechanical strength (such as tensile strength, bending strength, impact strength, and the like) of the composite material by adding the waste rubbers, has the advantages of good processing property, low water absorption rate, good stability of products, and the like and is suitable for injection moulding and beneficial to market promotion.