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Global Polyethylene Furanoate (PEF) Market to reach USD XX million by the end of 2030

Global Polyethylene Furanoate (PEF) Market Size Study & Forecast, by Source (Plant based, Bio-based), by Grade (Standard grade, High performance grade, Bio-based grade, Food grade, Others), by Application (Bottles, Films, Fibers, Molded, Blended/ Customized grade, Others), by End-use Industry (Packaging, Fiber & textile, Electronic & electrical components, Others), and Regional Analysis, 2023-2030

Product Code: CMCC-21975621
Publish Date: 20-02-2024
Page: 200

Global Polyethylene Furanoate (PEF) Market is valued at approximately USD XX million in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Polyethylene furanoate (PEF) is an innovative bio-based polyester that has gained high traction across various industries. PEF emerges as a promising alternative to conventional petroleum-derived plastics such as PET because of its unique properties, such as high barrier performance, increased strength, and sourcing from renewable plant-based materials. PEF’s superior barrier characteristics contribute to extended shelf life for packaged goods, particularly in the packaging sector. Furthermore, its potential for biodegradability aligns with the global emphasis on sustainable materials, addressing consumer preferences for eco-friendly solutions. The soaring demand from fibers segment, increasing consumer awareness and preferences for environmentally friendly products, along with the imposition of stringent government regulation and policies including bans or restrictions on single-use plastics and incentivizing the adoption of alternatives such as PEF are the most prominent factors that are propelling the market demand across the globe.

In addition, rising inclination towards the utilization of polyethylene furanoate for bottle manufacturing as it offers high strength, good heat resistance, and puncture toughness. Polyethylene furanoate (PEF) exhibits heightened resistance to both oxygen and carbon dioxide, effectively preventing the oxidation of food products. This characteristic has led to an increased demand for PEF in the food and beverage industry, thereby fostering its market growth. The food and beverage sector, a prominent player in European manufacturing, is a significant consumer of bottles. According to data from FoodDrinkEurope, the industry’s turnover witnessed a 2.3% increase in Q4 2022 compared to the preceding quarter, and a substantial 19.2% year-on-year growth compared to Q4 2021. Also, the European Union indicated an upsurge in food and drink exports, reaching a value of EUR 48.3 billion (approximately USD 50.9 billion) in Q4 2022, reflecting a robust growth rate of 17.5% compared to the same period in 2021. This surge in exports significantly contributed to the demand for bottles within the industry. Moreover, as highlighted by the Department for Environment, Food, and Rural Affairs, the United Kingdom boasts 1.61 thousand beverage-manufacturing SMEs along with 30 large beverage businesses. With the expanding landscape of these companies, there is a rise in the demand for bottles made from sustainable materials, thereby impacting the Polyethylene Furanoate Market. Consequently, the escalating demand for bottles in the packaging of various beverages, ranging from water and soft drinks to fruit juices and alcoholic beverages, is poised to drive the Polyethylene Furanoate Market over the forecast period. Moreover, the surge in demand for bio-based polymers in the medical sector, as well as the rising emphasis on the introduction of sustainable packaging presents various lucrative opportunities over the forecast years. However, the presence of substitutes and the limited raw material availability are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Polyethylene Furanoate (PEF) Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominated the market in 2022 owing to the soaring demand for polyethylene furanoate (PEF) In countries such as China, India, and Japan, which is driven by various industries such as food and beverage, packaging, textile, and automotive. This surge is fueled by the growing trend of environmentally conscious choices, with PEF being a 100% bio-based recyclable polymer derived from plants. Also, environmental concerns and increased awareness of bio-based alternatives for bottles, films, and fibers are key factors propelling the PEF Market in the region. In China, the National Bureau of Statistics reported a production of 59.12 million metric tons of non-alcoholic beverages in the first four months of 2023, with a 3% increase in April compared to the previous year. This uptrend is expected to boost the demand for PEF bottles in the forecast period. Whereas, North America is expected to grow with a substantial CAGR over the forecast years. The growing demand for sustainable packaging, rising environmental concerns regarding minimizing greenhouse gas emissions, and increasing advancements in technology and manufacturing processes are significantly propelling the market demand across the region.

Major market players included in this report are:
Avantium NV
Sulzer Ltd.
AVA Biochem AG
Swicofil AG
Origin Materials
Toyobo Co., Ltd.
Danone SA
Mitsui & Co. Ltd.
Eastman Chemical Company

Recent Developments in the Market:
Ø In November 2023, Avantium and Pangaia, a purpose-driven materials science and clothing firm, announced a partnership, in which PANGAIA agreed to use Avantium’s recyclable and environmentally beneficial PEF (polyethylene furanoate) material for their garment line, to create sustainable materials and fossil fuel-free goods.
Ø In February 2023, Avantium initiated a collaboration with Origin Materials, a prominent US-based sustainable materials company. The collaboration aims towards expediting the large-scale production of FDCA and PEF, essential components for advanced chemicals and plastics. The primary objective is to synergize the technological capabilities of both entities, focusing on the industrial-scale production of FDCA derived from sustainable wood residues.
Ø In August 2022, Sulzer entered a Memorandum of Understanding (MOU) with BASF SE, aiming to propel advancements in technologies for renewable fuels and chemically recycled plastics. This agreement is poised to broaden the scope of sustainable solutions in the partners’ portfolio.

Global Polyethylene Furanoate (PEF) Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Source, Grade, Application, End-use Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:
Plant based

By Grade:
Standard grade
High performance grade
Bio-based grade
Food grade
Blended/ Customized grade.

By Application:
Blended/ Customized grade.

By End-use Industry:
Fiber & textile
Electronic & electrical components
Automotive components

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Polyethylene Furanoate (PEF) Market, by Region, 2020-2030 (USD Million)
1.2.2. Polyethylene Furanoate (PEF) Market, by Source, 2020-2030 (USD Million)
1.2.3. Polyethylene Furanoate (PEF) Market, by Grade, 2020-2030 (USD Million)
1.2.4. Polyethylene Furanoate (PEF) Market, by Application, 2020-2030 (USD Million)
1.2.5. Polyethylene Furanoate (PEF) Market, by End-use Industry, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Polyethylene Furanoate (PEF) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Polyethylene Furanoate (PEF) Market Dynamics
3.1. Polyethylene Furanoate (PEF) Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising inclination towards the utilization of polyethylene furanoate for bottle manufacturing Imposition of stringent government regulation and policies
3.1.2. Market Challenges Presence of substitutes Limited raw material availability
3.1.3. Market Opportunities Surge in demand for bio-based polymers in the medical sector Rising emphasis on the introduction of sustainable packaging
Chapter 4. Global Polyethylene Furanoate (PEF) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Polyethylene Furanoate (PEF) Market, by Source
5.1. Market Snapshot
5.2. Global Polyethylene Furanoate (PEF) Market by Source, Performance – Potential Analysis
5.3. Global Polyethylene Furanoate (PEF) Market Estimates & Forecasts by Source 2020-2030 (USD Million)
5.4. Polyethylene Furanoate (PEF) Market, Sub Segment Analysis
5.4.1. Plant based
5.4.2. Bio-based
Chapter 6. Global Polyethylene Furanoate (PEF) Market, by Grade
6.1. Market Snapshot
6.2. Global Polyethylene Furanoate (PEF) Market by Grade, Performance – Potential Analysis
6.3. Global Polyethylene Furanoate (PEF) Market Estimates & Forecasts by Grade 2020-2030 (USD Million)
6.4. Polyethylene Furanoate (PEF) Market, Sub Segment Analysis
6.4.1. Standard grade
6.4.2. High performance grade
6.4.3. Bio-based grade
6.4.4. Food grade
6.4.5. Blended/ Customized grade.
6.4.6. Others
Chapter 7. Global Polyethylene Furanoate (PEF) Market, by Application
7.1. Market Snapshot
7.2. Global Polyethylene Furanoate (PEF) Market by Application, Performance – Potential Analysis
7.3. Global Polyethylene Furanoate (PEF) Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Polyethylene Furanoate (PEF) Market, Sub Segment Analysis
7.4.1. Bottles
7.4.2. Films
7.4.3. Fibers
7.4.4. Molded
7.4.5. Blended/ Customized grade.
7.4.6. Others
Chapter 8. Polyethylene Furanoate (PEF) Market, by End-use Industry
8.1. Market Snapshot
8.2. Global Polyethylene Furanoate (PEF) Market by End-use Industry, Performance – Potential Analysis
8.3. Global Polyethylene Furanoate (PEF) Market Estimates & Forecasts by End-use Industry 2020-2030 (USD Million)
8.4. Polyethylene Furanoate (PEF) Market, Sub Segment Analysis
8.4.1. Packaging
8.4.2. Fiber & textile
8.4.3. Electronic & electrical components
8.4.4. Automotive components
8.4.5. Pharmaceuticals
8.4.6. Others
Chapter 9. Global Polyethylene Furanoate (PEF) Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Polyethylene Furanoate (PEF) Market, Regional Market Snapshot
9.4. North America Polyethylene Furanoate (PEF) Market
9.4.1. U.S. Polyethylene Furanoate (PEF) Market Source breakdown estimates & forecasts, 2020-2030 Grade breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End-use Industry breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Polyethylene Furanoate (PEF) Market
9.5. Europe Polyethylene Furanoate (PEF) Market Snapshot
9.5.1. U.K. Polyethylene Furanoate (PEF) Market
9.5.2. Germany Polyethylene Furanoate (PEF) Market
9.5.3. France Polyethylene Furanoate (PEF) Market
9.5.4. Spain Polyethylene Furanoate (PEF) Market
9.5.5. Italy Polyethylene Furanoate (PEF) Market
9.5.6. Rest of Europe Polyethylene Furanoate (PEF) Market
9.6. Asia-Pacific Polyethylene Furanoate (PEF) Market Snapshot
9.6.1. China Polyethylene Furanoate (PEF) Market
9.6.2. India Polyethylene Furanoate (PEF) Market
9.6.3. Japan Polyethylene Furanoate (PEF) Market
9.6.4. Australia Polyethylene Furanoate (PEF) Market
9.6.5. South Korea Polyethylene Furanoate (PEF) Market
9.6.6. Rest of Asia Pacific Polyethylene Furanoate (PEF) Market
9.7. Latin America Polyethylene Furanoate (PEF) Market Snapshot
9.7.1. Brazil Polyethylene Furanoate (PEF) Market
9.7.2. Mexico Polyethylene Furanoate (PEF) Market
9.8. Middle East & Africa Polyethylene Furanoate (PEF) Market
9.8.1. Saudi Arabia Polyethylene Furanoate (PEF) Market
9.8.2. South Africa Polyethylene Furanoate (PEF) Market
9.8.3. Rest of Middle East & Africa Polyethylene Furanoate (PEF) Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Avantium NV Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Sulzer Ltd.
10.3.3. AVA Biochem AG
10.3.4. ALPLA Group
10.3.5. Swicofil AG
10.3.6. Origin Materials
10.3.7. Toyobo Co., Ltd.
10.3.8. Danone SA
10.3.9. Mitsui & Co. Ltd.
10.3.10. Eastman Chemical Company
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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