Polyethylene Furanoate Films Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Polyethylene Furanoate Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global polyethylene furanoate films market grew at a CAGR of around 5% during 2015-2020. Polyethylene furanoate (PEF) is a bio-based polyester polymerized from 2,5- furan dicarboxylic acid (FDCA) and mono ethylene glycol (MEG) through polycondensation. It provides high tensile strength and can be processed at low temperatures, which assists in saving energy. PEF is gaining traction over the petroleum-based polyethylene terephthalate (PET) for manufacturing films that offer protection against oxygen, carbon dioxide (CO₂) and water vapor. Consequently, they are employed in the food and beverage (F&B) industry to extend the shelf life of products and reduce wastage during transportation and storage.

PEF films are biodegradable as they are produced using bio-feedstock, such as corn, wood, bagasse and wheat-based sugars. A considerable shift towards bio-based and renewable materials due to growing environmental concerns and the rising need to reduce dependency on fossil resources represents one of the key factors influencing the market positively. Moreover, PEF films are thin and non-toxic and enhance the sustainability of the packaged materials, minimize the use of raw material and reduce the overall costs. The increasing trend of sustainable products and lightweight and green packaging is promoting the adoption of PEF films in the cosmetics, pharmaceutical and F&B industries worldwide. It is also finding applications in microwaves, tape backing, plastic cards, protective coatings and flexible printed circuits. Besides this, as PEF films reduce waste and carbon emissions, they are anticipated to find usage in the electronics industry for fabricating flexible organic thin?film transistors and organic photovoltaics (OPV). Looking forward, IMARC Group expects the global polyethylene furanoate films market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global polyethylene furanoate films market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and application.

Breakup by Application:

Packaging
- Food and Beverages
- Electronics
- Pharmaceuticals
- Others
Industrial

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ALPLA Werke Alwin Lehner GmbH & Co. KG, AVA Biochem AG, Avantium Technologies B.V., Danone S.A., Swicofil AG, The Coca-Cola Company and Toyobo Co. Ltd.

Key Questions Answered in This Report:

How has the global polyethylene furanoate films market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global polyethylene furanoate films market?
What are the key regional markets?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global polyethylene furanoate films market and who are the key players?
What is the degree of competition in the industry?