Bio Based Polyethylene Furanoate (PEF) Market  to reach USD 25.48 Billion by 2029, Registering a CAGR of 6.60%, Size, Segments, Future Growth, Key Players Analysis

The global bio based polyethylene furanoate is expected to witness significant growth during the forecast period.  Growing demand for bio-based and recyclable solutions in the packaging sector coupled with rising awareness among consumers regarding the benefits of bio-based products is anticipated to boost the growth of the polyethylene furanoate (PEF) market over the forecast period. Growing concerns regarding toxic issues along with depleting crude oil reserves, have been driving the growth of bio based polyethylene furanoate.  Furthermore, government regulations on restricting the consumption of petro-based plastics in certain applications, such as medical devices and food packaging , will be expected to drive the bio-based polyamide market growth over the forecast period.

Data Bridge Market Research analyses that the bio based polyethylene furanoate (PEF) market was valued at USD 15.28 billion in 2021 and is expected to reach USD 25.48 billion by 2029, registering a CAGR of 6.60% during the forecast period of 2022 to 2029 In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

View Detailed Analysis Report: https://www.databridgemarketresearch.com/reports/global-bio-based-polyethylene-furanoate-pef-market 

Market Definition

Polyethylene furanoate is a completely recyclable bio-based polymer which has derived from plants that have potential to replace an extensively used polymer, namely polyethylene terephthalate (PET), this is a long-lasting material which has derived from the conventional resources. It outperforms in terms of mechanical and moisture barrierproperties. Furthermore, bio based PEF has higher tensile strength that requires less additives than polyethylene terephthalate, and can be used in the PET recycling process up to 5%.

Opportunities

Multi applications associated with bio based polyethylene furanoate (PEF)

Bio based polyethylene furanoate fibers are derived from natural fibers but it has also recycled from manufactured 100% biobased t-shirts and polyethylene furanoate-based bottles. These fibers are used in packaging industrial products such as cement, fertilizers and insecticides. It is also found in carpets, clothing and athletic gear. These are some major factors that will create lucrative opportunities for the bio-based polyethylene furanoate market's growth.

Furthermore, the rise in the inclination of consumers towards bio based polyethylene furanoate (PEF) comparison to chemical based polyamide further influence the market and create lucrative opportunities for the market growth during the forecast period.

Some of the major players operating in the bio based polyethylene furanoate (PEF) market are:

Swicofil AG (Switzerland)
Avantium (Canada)
Toyobo Co. Ltd. (Japan)
Ava Biochem AG (Switzerland)
Swire Pacific Limited (U.K.)
Toray Industries Inc (Japan)
ALPLA (Austria)
Mitsui & Co., Ltd. (japan)
Gevo (U.S.)
The Coca-Cola Company (U.S.)
Global Bio Based Polyethylene Furanoate (PEF) Market Scope

The bio based polyethylene furanoate (PEF) market is segmented on the basis of application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

Bottles
Films
Fibers

 End User

Construction
Packaging
Agriculture
Others

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