PUBLISHER: IMARC | PRODUCT CODE: 1291568
PUBLISHER: IMARC | PRODUCT CODE: 1291568
Polyethylene Furanoate (PEF) Market by Application (Bottles, Films, Fibers), End User (Construction, Packaging, Agriculture, and Others), and Region 2023-2028
Market Overview:
The global polyethylene furanoate (PEF) market size reached US$ 31.42 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.69 Million by 2028, exhibiting a growth rate (CAGR) of 6.50% during 2023-2028. The growing awareness among individuals about utilizing renewable and bio-based materials, favorable government initiatives, and rising application in the packaging industry represent some of the key factors driving the market.
Polyethylene furanoate (PEF) refers to an aromatic polyester that is manufactured from furandicarboxylic acid (FDCA) and polymerized with ethylene glycol. It is cost-effective, non-toxic, and recyclable and offers high tensile strength, saves energy, and can be processed at low temperatures. It has thermal properties, high glass transition temperature, lower melting point, and reduced carbon footprint. It also has a higher barrier to oxygen, carbon dioxide, and water vapor and is a real bio-based alternative to petroleum-based polyethylene terephthalate (PET). It assists in improving packaging sustainability and requires fewer additives in the manufacturing process. It also aids in extending shelf life and maintaining the flavor and appearance of food products. Besides this, it can reduce non-renewable energy use (NREU) and decrease harmful emissions during the production process. As a result, PEF is widely employed in the construction, food and beverage (F&B), packaging, and agriculture industries across the globe.
Polyethylene Furanoate (PEF) Market Trends:
At present, the rising awareness among individuals about the utilization of bio-based and renewable materials represents one of the key factors supporting the growth of the market. Besides this, the increasing utilization of PEF in the packaging industry to pack alcoholic beverages, milk, soft drinks, fruit juices, tea, and water is propelling the growth of the market. Additionally, there is a rise in the adoption of safe, sustainable, lightweight, and cost-efficient solutions among the masses across the globe. This, coupled with the increasing utilization of PEF to manufacture clothing apparel, diapers, carpets, fabrics, filters, and industrial fibers, is bolstering the growth of the market. Apart from this, governing agencies of various countries are encouraging the adoption of PEF by restricting the consumption of petroleum-based plastic and reducing greenhouse gas (GHG) emissions, which is strengthening the growth of the market. Moreover, the growing adoption of PEF in the food and beverage (F&B) industry to prevent food from oxidation and maintain the quality of a food product is offering a positive market outlook. In addition, the rising health consciousness among consumers about safe drinking water for maintaining good health is contributing to the growth of the market. Furthermore, the increasing adoption of PEF films due to the rising demand for packaged and ready-to-eat (RTE) food products among the masses around the world is strengthening the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global polyethylene furanoate (PEF) market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on application and end user.
Application Insights:
- Bottles
- Films
- Fibers
The report has provided a detailed breakup and analysis of the polyethylene furanoate (PEF) market based on the application. This includes bottles, films, and fibers. According to the report, bottles represented the largest segment.
End User Insights:
- Construction
- Packaging
- Agriculture
- Others
A detailed breakup and analysis of the polyethylene furanoate (PEF) market based on the end user has also been provided in the report. This includes construction, packaging, agriculture, and others.
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for polyethylene furanoate (PEF). Some of the factors driving the Asia Pacific polyethylene furanoate (PEF) market included favorable government initiatives, rising investments in bio-based products, presence of numerous key manufacturers in the region, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global polyethylene furanoate (PEF) market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include AVA Biochem AG, Avantium N.V., Swicofil AG, Toyobo Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global polyethylene furanoate (PEF) market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global polyethylene furanoate (PEF) market?
- What is the impact of each driver, restraint, and opportunity on the global polyethylene furanoate (PEF) market?
- What are the key regional markets?
- Which countries represent the most attractive polyethylene furanoate (PEF) market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the polyethylene furanoate (PEF) market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the polyethylene furanoate (PEF) market?
- What is the competitive structure of the global polyethylene furanoate (PEF) market?
- Who are the key players/companies in the global polyethylene furanoate (PEF) market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Polyethylene Furanoate (PEF) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Application
- 6.1 Bottles
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Films
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Fibres
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by End User
- 7.1 Construction
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Packaging
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Agriculture
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 AVA Biochem AG
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Avantium N.V.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.3 Swicofil AG
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Toyobo Co. Ltd.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.1 AVA Biochem AG
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Polyethylene Furanoate Market: Major Drivers and Challenges
- Figure 2: Global: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Polyethylene Furanoate Market: Breakup by Application (in %), 2022
- Figure 5: Global: Polyethylene Furanoate Market: Breakup by End User (in %), 2022
- Figure 6: Global: Polyethylene Furanoate Market: Breakup by Region (in %), 2022
- Figure 7: Global: Polyethylene Furanoate (Bottles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Polyethylene Furanoate (Bottles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Polyethylene Furanoate (Films) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Polyethylene Furanoate (Films) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Polyethylene Furanoate (Fibers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Polyethylene Furanoate (Fibers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Polyethylene Furanoate (Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Polyethylene Furanoate (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Polyethylene Furanoate (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Polyethylene Furanoate (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Polyethylene Furanoate (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Polyethylene Furanoate (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Polyethylene Furanoate (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Polyethylene Furanoate (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: North America: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: North America: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: United States: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: United States: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Canada: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Canada: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Asia-Pacific: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Asia-Pacific: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: China: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: China: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Japan: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Japan: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: India: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: India: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: South Korea: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: South Korea: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Australia: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Australia: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Indonesia: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Indonesia: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Others: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Others: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Europe: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Europe: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Germany: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Germany: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: France: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: France: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: United Kingdom: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: United Kingdom: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Italy: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Italy: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Spain: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Spain: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Russia: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Russia: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Latin America: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Latin America: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Brazil: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Brazil: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Mexico: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Mexico: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Others: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Others: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Middle East and Africa: Polyethylene Furanoate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Middle East and Africa: Polyethylene Furanoate Market: Breakup by Country (in %), 2022
- Figure 69: Middle East and Africa: Polyethylene Furanoate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Global: Polyethylene Furanoate Industry: Drivers, Restraints, and Opportunities
- Figure 71: Global: Polyethylene Furanoate Industry: Value Chain Analysis
- Figure 72: Global: Polyethylene Furanoate Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Polyethylene Furanoate Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Polyethylene Furanoate Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 3: Global: Polyethylene Furanoate Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 4: Global: Polyethylene Furanoate Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Polyethylene Furanoate Market: Competitive Structure
- Table 6: Global: Polyethylene Furanoate Market: Key Players
