Polyethylene Furanoate (PEF) Market Share, Size and Future Projections 2024-2030FY

Markntel Advisors’ report, Polyethylene Furanoate (PEF) Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Polyethylene Furanoate (PEF) presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Polyethylene Furanoate (PEF) Market Research Report & Market 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. The market growth is attributed to the enhanced sustainability of PEFs as compared to traditional plastics like PET (Polyethylene Terephthalate). As PEF is derived from renewable sources such as plant-based feedstocks, it aligns with the growing consumer and regulatory pressure for eco-friendly alternatives to fossil fuel-based plastics. This attribute makes PEF attractive to industries striving to reduce their carbon footprint and meet sustainability targets.

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Polyethylene Furanoate (PEF) Market Dynamics:

Key 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.

Polyethylene Furanoate (PEF) Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

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)

Among them, bottles are foreseen to hold a substantial market share in the Global Polyethylene Furanoate (PEF) Market during 2024-2030. Bottles represent a significant portion of the packaging industry, especially in the beverage sector, where there is a substantial need for sustainable packaging solutions. Companies like Coca-Cola and Danone Plant-Based Bottle Initiative have shown interest in utilizing PEF for their bottles, driving demand. Additionally, PEF's superior barrier properties compared to traditional PET make it an attractive choice for beverage packaging, prolonging shelf life and preserving product quality.

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)

Packaging is emerging as the largest end-user industry for polyethylene furanoate (PEF) globally due to several factors. There is a growing global concern over plastic pollution and environmental degradation, leading to increased demand for sustainable packaging materials.

By Country

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

Among them, Asia Pacific is foreseen to hold a significant market share in the Global Polyethylene Furanoate (PEF) Market in the forecast years.

As indicated in the latest market research report published by Markntel Advisors, “Polyethylene Furanoate (PEF) Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Polyethylene Furanoate (PEF) industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/polyethylene-furanoate-pef-market.html

Top Companies Operating in the Polyethylene Furanoate (PEF) Market:

Avantium NV
Toyobo CO., Ltd.
AVA Biochem
Swicofil AG
Stora Enso
Origin Materials

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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