According to IMARC Group’s latest report, the global polyethylene furanoate films market grew at a CAGR of around 5% during 2015-2020. Looking forward, the market is expected to exhibit moderate growth 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Polyethylene furanoate (PEF) refers to a bio-based polyester polymerized from mono ethylene glycol (MEG) and 2,5- furan dicarboxylic acid (FDCA) through polycondensation. It offers high tensile strength and can be processed at low temperatures, which helps in saving energy. PEF is gaining preferences over the petroleum-based polyethylene terephthalate (PET) for manufacturing films that provide protection against water vapor, oxygen, and carbon dioxide (CO2). As a result, they are utilized in the food and beverage (F&B) sector to extend the shelf life of products and minimize wastage during transportation and storage.
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PEF films are biodegradable as they are manufactured using bio-feedstock, such as wood, corn, bagasse, wheat-based sugars, etc. The increasing shift towards bio-based and renewable materials due to the rising environmental concerns and the growing need to reduce dependency on fossil resources are primarily driving the demand for PEF. Moreover, the emerging trend of sustainable, lightweight, and green packaging is also promoting the adoption of PEF films across the pharmaceutical, cosmetics, and F&B industries. Apart from this, as PEF films reduce waste and carbon emissions, they are expected to find usage in the electronics sector for fabricating flexible organic thin-film transistors and organic photovoltaics (OPV).
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List of Key Companies Covered in this Market Report:
- ALPLA Werke Alwin Lehner GmbH & Co. KG
- AVA Biochem AG
- Avantium Technologies B.V.
- Danone S.A.
- Swicofil AG
- The Coca-Cola Company
- Toyobo Co. Ltd.
The report has segmented the market on the basis of application and geography.
Breakup by Application:
- Food and Beverages
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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