The global polyethylene furanoate films market size reached US$ 251,600 in 2022. Looking forward, IMARC Group expects the market to reach US$ 529,500 by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028.
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).
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 at the global, regional and counrty level from 2023-2028. Our report has categorized the market based on application.
Breakup by Application:
- Food and Beverages
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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.
|Base Year of the Analysis
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.
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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?