PUBLISHER: Value Market Research | PRODUCT CODE: 1352932
PUBLISHER: Value Market Research | PRODUCT CODE: 1352932
The global demand for Polyethylene Furanoate Market is presumed to reach the market size of nearly USD 272.3 MN by 2030 from USD 122.11 MN in 2022 with a CAGR of 9.32% under the study period of 2023 - 2030.
Polyethylene Furanoate, PEF, is a recyclable biopolymer plastic produced from renewable raw materials. It is decomposed in landfills faster than other forms of plastics. Therefore, they are used in the packaging of the food and beverages industry. Because of its better mechanical properties, experts claim it will replace the other form of a polymer material widely used, called Polyethylene Terephthalate (PET). It is durable and needs fewer additives compared to PET. It can be used with the PET recycling process, and it will not affect the performance of the PET. PEF is commonly used in the bottle industry because of its qualities like durability, lightweight and thermal resistance etc. The PEF bottles are everywhere nowadays. As they are prepared from vegetable raw materials, they can be easily recycled.
The polyethylene furanoate market shows a positive picture under the study period. The increasing demand for biodegradable plastics from the industries like consumer goods, food and beverages and pharmaceuticals are the prime market drivers. By application, the bottle segment collected the highest revenue in the recent years. Furthermore, the PEF fibers are also used to make sports apparel. Strict government regulations have come up in recent years to control the use of petroleum-based plastics in food and beverages, and medical industries will focus on the PEF market. The increasing consumer awareness about environmental degradation, recycling and decomposition encourages them to buy biopolymer products like PEF. The flexibility in packaging offered by PEF for food and other industries is one of the main reasons for market growth. The key players of PEF are trying to innovate new technologies and processes to enjoy an advantage in the manufacturing market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of polyethylene furanoate. The growth and trends of Polyethylene Furanoate Industry provide a holistic approach to this study.
This section of the polyethylene furanoate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Polyethylene Furanoate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polyethylene furanoate market include Avantium Technologies B.V., Danone S.A., Toyobo Co. Ltd., Alpla, The Coca-Cola Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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