Polyethylene Furanoate (PEF) Market

Polyethylene Furanoate (PEF) Market worth $28 million by 2028

The report "Polyethylene Furanoate (PEF) Market by Source (Plant Based, Bio Based), Grade, Application (Bottles, Films, Fibers, Molded), End-Use Industry (Packaging, Fiber & Textiles, Electronics & Electrical, Pharmaceuticals), & Region - Global Forecast to 2028 ",is projected to reach USD 28 million by 2028, at a CAGR of 8.1 % from USD 19 million in 2023.

Browse 146 market data Tables and 46 Figures spread through 173 Pages and in-depth TOC on "Polyethylene Furanoate (PEF) Market by Source (Plant Based, Bio Based), Grade, Application (Bottles, Films, Fibers, Molded), End-Use Industry (Packaging, Fiber & Textiles, Electronics & Electrical, Pharmaceuticals), & Region - Global Forecast to 2028 "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/polyethylene-furanoate-pef-market-183927881.html

The PEF market is mainly driven by government regulation & policies. Moreover, increasing demand for PEF for bottle production and the growing demand from the fiber segment.

 “Packaging segment is projected to grow at fastest CAGR, in terms of value, during the forecast period.”

The packaging sector is a crucial domain for Polyethylene Furanoate (PEF) due to its wide-ranging advantages. PEF emerges as a sustainable substitute for conventional packaging materials such as polyethylene terephthalate (PET). Its exceptional ability to resist gases like oxygen and carbon dioxide makes it an excellent choice for diverse packaging applications. PEF's impressive thermal and mechanical characteristics, alongside its recyclability and renewable origin, contribute to reducing environmental impact. This positions PEF as an eco-friendly alternative to standard plastics.

“Bottles segment is projected to grow at fastest CAGR, in terms of value, during the forecast period.”

Polyethylene furanoate (PEF) emerges as a promising contender in the bottle market, providing an eco-conscious substitute for conventional plastics such as polyethylene terephthalate (PET). Sourced from plants, PEF offers sustainability and heightened barrier properties, preserving beverage quality and extending shelf life. Its lightweight composition not only reduces material consumption but also cuts down on transportation expenses. While PEF aligns with current recycling systems, challenges including production scalability, cost-effectiveness, regulatory compliance, and consumer acceptance remain pivotal hurdles.

“Asia Pacific is expected to be the fastest growing market for PEF during the forecast period, in terms of value.”

The markets of Asia Pacific are registering high growth, and the trend is projected to continue during the forecast period. Shifting consumer preferences toward sustainable products plays a pivotal role. With heightened environmental consciousness, consumers here are actively seeking eco-friendly alternatives, presenting a substantial demand for PEF due to its renewable sourcing and potential biodegradability. The region's robust economic growth and rapid urbanization fuel a surge in packaged goods consumption, particularly beverages. As disposable incomes rise and lifestyles evolve, there's an escalating demand for innovative, sustainable packaging solutions like PEF to meet these changing consumer needs.

Key Players

Agreement and expansions are the major growth strategies adopted by the key players in the market. The key global players in the PEF market include Avantium NV (Netherland), Sulzer (Switzerland), AVA Biochem (Switzerland), ALPLA Group (Austria), Swicofil (Switzerland), Origin Materials (US), Toyobo Co., Ltd. (Japan), Danone (France), Mitsui & Co. (Japan), Eastman (US).

Don’t miss out on business opportunities in Polyethylene Furanoate (PEF) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Polyethylene Furanoate (PEF) Market Size,  Share & Growth Report
Report Code
CH 8922
PR Published ON
1/25/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Polyethylene Furanoate (PEF) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home