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The global polyethylene furanoate market reached a value of about USD 28.7 million in 2020. The market is further expected to grow at a CAGR of 6.4% in the forecast period of 2022-2027 to reach a value of approximately USD 41.7 million by 2026.
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By application, the market is segmented into bottles, fibres, and films. Among these, bottles are witnessing a significant growth in the industry. This can be attributed to the high product demand for packaging applications, such as food and beverage packaging, personal care packaging, and packaging for household care items. The increasing consumer awareness of sustainable packaging, combined with tightening landfill regulations around the world, especially in Europe, is pushing manufacturers to use bio-based and recyclable plastics for packaging. Furthermore, the ban on single-use plastics in several countries, including the United Kingdom, New Zealand, Taiwan, Zimbabwe, and numerous states in the United States, including Hawaii, New York, and California, is pushing up the demand for PEF in the bottles application segment.
Over the forecast period, flexible packaging is expected to be one of the major contributors to the PEF market's growth. It delivers environmentally friendly and safe packaging options to a number of food and non-food sectors. It aims to minimise the volume of packaging material used and causes much less waste than typical flexible packaging. This packaging is made from renewable materials, thus, making it an ideal alternative for a number of eco-friendly companies.
Region-wise, in 2019, the Asia Pacific dominated the market, accounting for more than 45.0% of the global sales. Over the forecast era, the shift towards the biodegradable plastics production environment in emerging economies, especially China and India, is expected to positively influence the market growth. However, the COVID-19 pandemic is expected to have a negative effect on the growth of the PEF market in the Asia Pacific, as there is currently minimal cross-border trade among the economies. The various end-use industries, such as medical and food and beverage are driving PEF demand in the region, thanks to increasing demand for packaged and processed foods and the growing trend of e-commerce shopping in the region.
Europe is the second-largest user of polyethylene furanoate, owing to a variety of reasons, including increasing consumer anxiety about the environment, tight environmental regulations, and expanded R&D investments in bio-based and fully recyclable plastics by private and public organisations. Furthermore, government policies such as the EU's decision to reduce total use of single-use plastic goods in the region by 90% by the end of 2021 are projected to improve PEF demand over the forecast period.
The acronym PEF stands for polyethylene furanoate. Polyethylene furanoate is a polymer formed by polycondensation. FDCA (furandicarboxylic acid or 2,5-furan dicarboxylic acid) is the building block of polyethylene furanoate. PEF is a chemical analogue of PET (polyethylene terephthalate) and PEN (polyethylene naphthalate).
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After the US Department of Energy announced its building stone, FDCA, as a possible bio-based substitute for distilled terephthalic acid (PTA) in 2004, PEF has received renewed interest.
By application, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Due to the rising need for sustainable production systems, the packaging industry has experienced a major transition over the last decade. The increasing market consciousness and increased environmental issues have culminated in the restructuring of production systems and supply chains all over the world. Various research institutions and institutes are collaborating to develop novel packaging alternatives. As opposed to polyethylene terephthalate (PET), which is produced from nonrenewable materials, polyethylene furanoate (PEF) has the potential to resolve rising questions about resource scarcity. The PEF market is expected to offer a significant number of opportunities to revolutionise the global packaging sector, considering the rapid advances and developments in the packaging industry.
Furthermore, the coronavirus pandemic has had a huge effect on customer shopping habits and expectations when it comes to picking goods and services. Consumers are deeply worried about the products’ environmental effects, recyclability, and decomposition time in landfills. Thus, customers are more likely to prefer bio-based and recyclable plastics over traditional plastics in the forecast period, thus, aiding the polyethylene furanoate industry growth.
The report gives a detailed analysis of the following key players in the global polyethylene furanoate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region|
|Breakup by Application||Bottles, Films, Fibres|
|Breakup by Region||North America, Latin America, Europe, Middle East and Africa, Asia Pacific|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Price Analysis||Historical and Forecast Price Trends-Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Avantium N.V., Corbion NV, AVA Biochem AG, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Polyethylene Furanoate Market Analysis
8.1 Key Industry Highlights
8.2 Global Polyethylene Furanoate Historical Market (2017-2021)
8.3 Global Polyethylene Furanoate Market Forecast (2022-2027)
8.4 Global Polyethylene Furanoate Market by Application
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.5 Global Polyethylene Furanoate Market by Region
8.5.1 Market Share
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
220.127.116.11 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
18.104.22.168 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Avantium N.V.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.2 Corbion NV
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.3 AVA Biochem AG
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Polyethylene Furanoate Market: Key Industry Highlights, 2016 and 2026
2. Global Polyethylene Furanoate Historical Market: Breakup by Application (USD Million), 2017-2021
3. Global Polyethylene Furanoate Market Forecast: Breakup by Application (USD Million), 2022-2027
4. Global Polyethylene Furanoate Historical Market: Breakup by Region (USD Million), 2017-2021
5. Global Polyethylene Furanoate Market Forecast: Breakup by Region (USD Million), 2022-2027
6. North America Polyethylene Furanoate Historical Market: Breakup by Country (USD Million), 2017-2021
7. North America Polyethylene Furanoate Market Forecast: Breakup by Country (USD Million), 2022-2027
8. Europe Polyethylene Furanoate Historical Market: Breakup by Country (USD Million), 2017-2021
9. Europe Polyethylene Furanoate Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Asia Pacific Polyethylene Furanoate Historical Market: Breakup by Country (USD Million), 2017-2021
11. Asia Pacific Polyethylene Furanoate Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Latin America Polyethylene Furanoate Historical Market: Breakup by Country (USD Million), 2017-2021
13. Latin America Polyethylene Furanoate Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Middle East and Africa Polyethylene Furanoate Historical Market: Breakup by Country (USD Million), 2017-2021
15. Middle East and Africa Polyethylene Furanoate Market Forecast: Breakup by Country (USD Million), 2022-2027
16. North America Historical Price Trends and Forecast 2017-2027
17. Europe Historical Price Trends and Forecast 2017-2027
18. Asia Pacific Historical Price Trends and Forecast 2017-2027
19. Latin America Historical Price Trends and Forecast 2017-2027
20. Middle East and Africa Historical Price Trends and Forecast 2017-2027
21. Global Polyethylene Furanoate Market Structure
In 2020, the global polyethylene furanoate market attained a value of nearly USD 28.7 million.
The market is projected to grow at a CAGR of 6.4% between 2022 and 2027.
The industry is primarily being driven by the growing demand from the packaging industry, increased environmental issues, increasing demand for packaged and processed foods, growing trend of e-commerce shopping, and expanded R&D investments in bio-based and fully recyclable plastics by private and public organisations.
The key trends augmenting the industry’s expansion are the rising need for sustainable production systems and growing market awareness.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with the Asia Pacific accounting for the largest share in the market.
The bottles segment is the dominant application in the industry.
The major players in the industry are Avantium N.V., Corbion NV, and AVA Biochem AG, among others.
The global polyethylene furanoate market attained a value of USD 28.7 million in 2020, driven by the growing demand from the packaging industry. Aided by the increased environmental issues and growing market awareness , the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the global polyethylene furanoate industry can be segmented into bottles, films, and fibres, with bottles accounting for the largest market share. The major regional markets for polyethylene furanoate are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Avantium N.V., Corbion NV, and AVA Biochem AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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