Global Polyethylene Furanoate (PEF) Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Polyethylene Furanoate (PEF) Market (2024-2030):

According to the latest report, 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 report demonstrates the prominent factors propelling the exponential growth of the Global Polyethylene Furanoate (PEF) Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2024-30): 7.86%

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 What are the major Driver the Global Polyethylene Furanoate (PEF) Market?

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.

Global Polyethylene Furanoate (PEF) Market Segmentation

The Global Polyethylene Furanoate (PEF) Market analysis of MarkNtel Advisors 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

As per the regional aspect, the Global Polyethylene Furanoate (PEF) Market is expected to be dominated by the North America by capturing the potential market share. 

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Top Companies in the Global Polyethylene Furanoate (PEF) Market

Avantium N.V., Toyobco Co., Ltd., AVA Biochem, Swicofil AG, Stora Enso, Origin Materials, and others

Global Polyethylene Furanoate (PEF) Industry Recent Development

• In 2023: Avantium N.V. announced a partnership with Origin Materials to accelerate the mass production of furandicarboxylic acid (FDCA) and plant-based, fully recyclable plastic, polyethylene furanoate (PEF).

• In 2023: Stora Enso signed a Joint Development Agreement with Kolon Industries to develop and industrialize bio-based polyesters, including PEF and their applications, as well as renewable binder resin formulations.

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