According to Markntel Advisors Report, Polyethylene Furanoate (PEF) Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Polyethylene Furanoate (PEF), or poly(ethylene furan-2,5-dicarboxylate), is a 100% recyclable bio-based polymer made from plant sugar. This PEF is gaining wider popularity across global markets due to its enhanced properties of CO2 reduction in comparison to PET’s. Thus, these polymers are gaining wider momentum across the packaging industry, primarily to augment their introduction into the global sustainable raw material landscape.
Polyethylene Furanoate (PEF) Market Research Report & Summary:
The Global Polyethylene Furanoate (PEF) Market size is estimated to grow at a CAGR of around 7.86% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2019-2022
- Base Years: 2023
- Forecast Years: 2024-2030
Who are the Key Players Operating in the Polyethylene Furanoate (PEF) Market?
The top companies of the Polyethylene Furanoate (PEF) Market ruling the industry are:
Avantium N.V., Toyobco Co., Ltd., AVA Biochem, Swicofil AG, Stora Enso, Origin Materials, and others
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What is included in Polyethylene Furanoate (PEF) Market Segmentation?
The Polyethylene Furanoate (PEF) Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Grade
- Standard Grade- Market Size & Forecast 2019-2030F, (Thousand Tons)
- High-Performance Grade- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Blended/Customized Grade – Market Size & Forecast 2019-2030F, (Thousand Tons)
- Others- Market Size & Forecast 2019-2030F, (Thousand Tons)
- By Application
- Bottles- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Fibers- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Films- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Others (Construction Materials, Automotive Parts, etc.)- Market Size & Forecast 2019-2030F, (Thousand Tons)
- By End User
- Packaging- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Fibre & Textile- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Consumer Electronics- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Automotive – Market Size & Forecast 2019-2030F, (Thousand Tons)
- Pharmaceuticals- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Others (Cosmetics & Personal care, Agriculture, etc.) – Market Size & Forecast 2019-2030F, (Thousand Tons)
- By Country
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Polyethylene Furanoate (PEF) Market Driver:
Growing Government Inclination Towards Sustainability in the Packaging Industry – Governments worldwide are increasingly inclined towards sustainability in the packaging industry due to rising environmental concerns such as plastic pollution, greenhouse gas emissions, and resource depletion. Thus, recognizing the urgency of transitioning to eco-friendly alternatives to traditional plastics and addressing these environmental challenges and commitments like the Paris Agreement, the traction towards sustainable polymers is on the rise. As PEF offers 100% recyclability benefits and a reduction in CO2 emissions, its use across end-user industries, specifically the packaging industry, is rising substantially. For instance,
- In 2023, Terphane, part of Tredegar Corporation, signed a multi-year capacity reservation agreement with Origin Materials, a PEF manufacturer. The agreement highlighted the purchase of advanced bio-polymer Polyethylene Furanoate (PEF) from Origin Materials for use in film applications, including food and beverage packaging and high-value industrial applications offered by Terphane.
Moreover, concerning global CO2 commitments, manufacturers across the food & beverage and packaging industries are eyeing switching to 100% recyclable materials by 2030. This inclination is paving substantial revenue growth for the global Polyethylene Furanoate (PEF) Market.
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