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.                                        

Global Polyethylene Furanoate (PEF) Market Driver:

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.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Polyethylene Furanoate (PEF) Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• 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

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Avantium N.V., Toyobco Co., Ltd., AVA Biochem, Swicofil AG, Stora Enso, Origin Materials, and others

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