MarkNtel Advisors recently published a detailed industry analysis of the Polyethylene Furanoate (PEF) Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Polyethylene Furanoate (PEF) Market (2024-2030)
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.
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What is driving the Polyethylene Furanoate (PEF) Market?
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.
What segments define the Polyethylene Furanoate (PEF) Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Grade
(Standard Grade, High-Performance Grade, Blended/Customized Grade , Others),
By Application
(Bottles, Fibers, Films, Others (Construction Materials, Automotive Parts, etc.)),
By End User
(Packaging, Fibre & Textile, Consumer Electronics, Automotive, Pharmaceuticals, Others (Cosmetics & Personal care, Agriculture, etc.))
By Regions
North America, South America, Europe, Asia-Pacific, Middle East & Africa
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Who are the leading key players shaping the Polyethylene Furanoate (PEF) Market landscape?
Avantium N.V., Toyobco Co., Ltd., AVA Biochem, Swicofil AG, Stora Enso, Origin Materials, and others
Questions Addressed in this Study
1.What factors are driving the Polyethylene Furanoate (PEF) Market growth?
2.How is the Polyethylene Furanoate (PEF) Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Polyethylene Furanoate (PEF) Market?
4.What is the current size of the Polyethylene Furanoate (PEF) Market, and how is it projected to change in the future?
6.What is the future outlook for the Polyethylene Furanoate (PEF) Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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