Global Polyethylene Furanoate (PEF) Market Size was valued nearly 11,700 tons by 2016 and is estimated to reach up to xx.xx tons by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 7.67% during the forecast period that is 2017-2025.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Polyethylene furanoate (PEF) is a biodegradable polymer which finds a wide range of applications for packaging solutions, majorly due to its light weight properties. The PEF market is expected to be driven by its increasing applications in the packaging end-use industry. Majority of the players in the packaging market are shifting their packaging trends from traditional materials to PEF. For instance, Coca-Cola, one of the leading manufacturing companies in the beverage sector uses polyethylene furanoate (PEF) for the packaging of their beverages, which has further witnessed a rise in their revenue during 2015 - 16 from US$ 7.7 billion to US$ 8.9 billion. Such trends exhibit that the beverage manufacturing companies are increasing over the recent years, which will further positively influence the global polyethylene furanoate market over the projected period.

Market Dynamics

Increasing consumption of food and beverage products globally will increase the increase the demand for polyethylene furanoate (PEF) in various packaging applications. Rapid growth in global food and beverage industry will drive the polyethylene furanoate market. Food & beverage industry revenue have almost doubled over past decade. In Europe, the revenue of the food & beverage industry surpassed US$ 105.3 billion in 2016. Moreover, the market is expected to further grow by the increasing investments of the governing bodies of various nations in the agriculture sector for the improvement of farm productivity. For instance, recently China had announced to invest about US$ 450.0 billion in the agriculture sector to improve the farm productivity, and also to improve rural incomes. Also, Malawi published a new National Agricultural Policy to improve agricultural incomes, and also to improve food nutrition and security.

Global polyethylene furanoate market growth is expected to reduce by the presence of other substitutes like bio-based polyethylene terephthalate. Increasing R&D activities by key polymer companies for the development of innovative technologies to manufacture a variety of bio-based polymers for packaging solutions will negatively impact the growth of polyethylene furanoate market over the coming years.

Segment Analysis

By Packaging Form: By packaging form, the polyethylene furanoate market has been segmented into films, bottle and fiber. Polyethylene furanoate for use in beverage bottle manufacturing is expected to hold the prime market share, primarily owing to the rising beverage consumption across the globe. For instance, beer consumption in Spain increased to over 38,634 hecto liters in 2016, increasing from 35,199 hecto liters in 2010, at a CAGR of nearly 2%. Likewise, beer consumption in France and Poland reached to 21,290 hectoliters and 37,903 hecto liters by 2016, increasing from 19,730 hecto liters and 34,484 hecto liters in 2010 respectively, according to a study by Veracious Statistics Research. Such increasing demand for beverages will significantly require packaging products, which will open brighter growth opportunities for bottle packaging materials, which will further accelerate the polyethylene furanoate market over the projected timespan.

By End-Use Industry Insights: Polyethylene furanoate market for packaging end-use industry is expected to hold a substantial market share over the forecast period, majorly owing to the increasing product demand from food & beverage packaging requirements. Rising beverage consumption, due to increasing population across the globe is one of the key factors favoring the market growth. For instance, the global population reached to 7.63 billion in 2018 increasing from 7.55 billion in 2017, which will further generate a greater demand for food and beverage products.

Region Analysis

The global polyethylene furanoate market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Europe polyethylene furanoate market is projected to hold a dominant share in the global market, primarily due to its rapidly increasing beverage consumption. Several nations in Europe such as Czech Republic, Germany, Austria, and Poland have higher per capita beer consumption in 2016. According to a study by Veracious Statistics Research, the per capita beer consumption in Czech Republic led the overall Europe region, with nearly 140 liters in 2016. This has been positively impacting the Europe polyethylene furanoate market from the past few years, and the similar trend is expected to reflect over the coming years, which will be a major growth factor for the market growth.

Global Polyethylene Furanoate Market Size, Share Analysis By Region 2017

Asia Pacific polyethylene furanoate market is majorly led by nations such as China and India. These countries are some of the highly populated countries, which will have high food & beverage consumption. Moreover, the demand for packaged food and beverage products is increasing on a rapid rate, which will further impact the Asia Pacific polyethylene furanoate market positively over the projected period.

Global Polyethylene Furanoate Market Study Objective

1. To forecast the market size of polyethylene furanoate market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of polyethylene furanoate market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of polyethylene furanoate market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of polyethylene furanoate market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the polyethylene furanoate market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Some of the predominant players in the polyethylene furanoate market include Toyobo Co., Ltd., SULZER ChemTech, and Avantium Technologies B.V. among others. Due to the nascent growth, the product manufacturers in this market are very low. Moreover, there are some very small-scale players in the market, which will have very low production capacities across the globe, majorly in industrialized countries such as China. This market is consolidated by very few players, among which Avantium is one of the key manufacturers. This company announced its plan regarding the extension of pilot phase for the production of polyethylene furanoate to optimize future production.

Global Polyethylene Furanoate Market Study Report Offer You!

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