Polyethylene furanoate (PEF) market is expected to grow at a CAGR of 6.5% by 2031. Polyethylene furanoate (PEF) is derived from plants and is 100% recyclable and bio – based polymer. It has the potential to replace conventional resources-based durable material polyethylene terephthalate (PET). Polyethylene furanoate has better barrier and mechanical properties when compared to polyethylene terephthalate. It can also be considered as the next-generation polyester.

The market for polyethylene furanoate is witnessing growth on the back of rise in environmental concerns to reduce greenhouse gas emissions. Moreover, stringent government regulations towards consumption of non-recyclable plastics are likely to stimulate market growth. In addition, shift in trend towards usage of eco-friendly substitutes is likely to drive the market growth for PEF. Decrease in crude oil prices is projected to hinder the PEF market growth. Moreover, lack of raw material availability is also likely to impede market growth.

Europe and Asia Pacific is projected to be the promising market for PEF. Supportive government policies in Europe are one of the major factors contributing to the market growth in this region. Asia Pacific is projected to be the fastest-growing market on account of the growing packaging sector in Malaysia, India, Singapore, Australia, and China. North America is also projected to grow at a significant rate owing to stringent government regulations and growing environmental concerns.

Global polyethylene furanoate (PEF) market is segmented on the following bases:

• Application
  • Bottles
  • Packaging Product
  • Fibres and fibrous webs
  • Films
  • Others

Key Players Identified in the Polyethylene Furanoate (PEF) Market include but are not limited to:

• Novamont
• Avantium Technologies B.V.
• Danone S.A.
• Toyobo Co., Ltd.
• Canon, Inc.
• Alpla
• Evian
• The Coca-Cola Company

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Polyethylene Furanoate (PEF) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Polyethylene Furanoate (PEF) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Polyethylene Furanoate (PEF) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Polyethylene Furanoate (PEF) market?
• Which is the largest regional market for Polyethylene Furanoate (PEF) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Polyethylene Furanoate (PEF) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Polyethylene Furanoate (PEF) market worldwide?