세계의 폴리에틸렌 푸라노에이트(PEF) 시장 : 규모, 점유율, 성장, 산업 분석, 유형별, 용도별, 지역별 인사이트, 예측(2024-2032년)

Growth Factors of polyethylene furanoate (PEF) Market

The global polyethylene furanoate (PEF) market is witnessing rapid momentum as industries shift toward sustainable and bio-based materials. PEF, a next-generation bio-based polyester derived from renewable plant sugars, is gaining prominence due to its strong barrier properties, recyclability, and potential to replace conventional petroleum-based plastics. In 2024, the market was valued at USD 34.34 million, is projected to reach USD 42.28 million in 2025, and is expected to grow significantly to USD 73.78 million by 2032, reflecting a CAGR of 8.3% from 2025 to 2032.

Growing consumer preference for sustainable packaging, stricter regulations on plastic waste, and advancements in bio-based polymer production are major forces accelerating global PEF demand. With its excellent oxygen and carbon dioxide barrier performance-far superior to PET-PEF is emerging as a preferred material for beverages, food packaging, personal care products, and high-performance films. Companies such as Avantium, TOYOBO, ALPLA, Swicofil AG, and Sulzer Ltd. are among the leading players driving innovations in this sector.

Global Market Landscape

In 2024, Asia Pacific held 33.66% of the market share, positioning it as the leading region due to robust industrial growth in China, India, and Japan. Expansion in food packaging, textiles, and automotive applications-combined with increasing governmental support for bio-based materials-continues to strengthen the region's dominance.

Bio-based PEF is expected to maintain the largest share in 2025, supported by its reduced carbon footprint and alignment with global sustainability targets. Countries such as Japan, China, the United States, and regions across Europe are pushing for greater adoption of non-toxic, fossil-free plastics, driving the shift from conventional PET to PEF-based solutions.

Market Trends

A major trend shaping the industry is the growing preference for PEF over PET due to environmental concerns and superior material performance. PEF's outstanding barrier strength extends the shelf life of beverages and packaged foods, making it especially attractive to producers of juices, soft drinks, and beer. Governments worldwide are enforcing stricter regulations on single-use plastics, while offering subsidies for sustainable material adoption. This regulatory landscape is accelerating technological investments in PEF manufacturing and encouraging its commercialization.

Market Dynamics

Drivers

The rapid expansion of the global packaging industry is the primary driver of PEF demand. Its recyclability, lightweight structure, and excellent preservation properties make it ideal for bottles, containers, pharmaceutical packaging, and flexible films. Companies are investing heavily in R&D to enhance PEF's performance and reduce production costs, further strengthening its value proposition.

Restraints

High production costs remain a significant challenge. Limited production scale, costly bio-based feedstocks, and complex manufacturing processes restrict mass-market adoption, particularly in price-sensitive industries.

Challenges

Commercial availability of PEF is still limited due to early-stage industrial infrastructure and competition from low-cost petroleum-based plastics. Lack of large-scale manufacturing facilities also hampers its widespread adoption across global markets.

Segmentation Insights

By Type

The bio-based PEF segment dominated in 2024, driven by growing sustainability mandates and rising investment in renewable materials. Plant-based PEF also shows strong potential as agricultural advancements make sugar-based polymer feedstocks more viable.

By Application

The packaging segment led the global market in 2024, due to PEF's exceptional gas barrier properties, high strength, and suitability for beverage bottles, food wraps, and pharmaceutical containers.

The films segment is expanding due to PEF's durability and thermal stability, while fibers are gaining traction in textiles, apparel, and industrial reinforcement applications.

Regional Outlook

Asia Pacific

Valued at USD 11.56 million in 2024, the region remains the largest market for PEF. Rapid industrialization and high demand for sustainable packaging and textiles fuel growth across China, India, and Japan.

North America

North America demonstrates strong growth due to investments in bioplastics, consumer demand for eco-friendly packaging, and advanced R&D capabilities across the U.S. and Canada.

Europe

With strict environmental policies-including the EU Green Deal and bans on single-use plastics-Europe is a major adopter of PEF for packaging, films, and textile applications.

Rest of World

Emerging regions such as Latin America and the Middle East & Africa are increasingly adopting sustainable packaging solutions driven by rising environmental awareness and supportive government initiatives.

Conclusion

Growing from USD 34.34 million in 2024 to USD 42.28 million in 2025, and projected to reach USD 73.78 million by 2032, the polyethylene furanoate market is on a strong upward trajectory. Rising environmental awareness, advancements in bio-based materials, and regulatory pressure for sustainable packaging will continue to propel PEF as a leading alternative to traditional plastics.

Segmentation By Type

• Bio-Based
• Plant-Based

By Application

• Packaging
• Films
• Fibers
• Others

By Region

• North America (By Type, By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Type, By Application, By Country)
  • Germany (By Application)
  • Spain (By Application)
  • France (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Type, By Application, By Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • Rest of Asia Pacific (By Application)
• Rest of World (By Type, By Application, By Sub-Region)
  • Latin America (By Application)
  • Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Regions
• 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
• 4.3. Latest Technological Advancement
• 4.4. Insights on Sustainability
• 4.5. Porters Five Forces Analysis
• 4.6. Impact of COVID-19 on the Market

5. Global Polyethylene Furanoate Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Summary
• 5.2. By Type (Value & Volume)
  • 5.2.1. Bio-Based
  • 5.2.2. Plant-Based
• 5.3. By Application (Value & Volume)
  • 5.3.1. Packaging
  • 5.3.2. Films
  • 5.3.3. Fibers
  • 5.3.4. Others
• 5.4. By Region (Value & Volume)
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Rest of World

6. North America Polyethylene Furanoate Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Key Findings / Summary
• 6.2. By Type (Value & Volume)
  • 6.2.1. Bio-Based
  • 6.2.2. Plant-Based
• 6.3. By Application (Value & Volume)
  • 6.3.1. Packaging
  • 6.3.2. Films
  • 6.3.3. Fibers
  • 6.3.4. Others
• 6.4. By Country (Value & Volume)
  • 6.4.1. U.S.
    • 6.4.1.1. By Application (Value & Volume)
      • 6.4.1.1.1. Packaging
      • 6.4.1.1.2. Films
      • 6.4.1.1.3. Fibers
      • 6.4.1.1.4. Others
  • 6.4.2. Canada
    • 6.4.2.1. By Application (Value & Volume)
      • 6.4.2.1.1. Packaging
      • 6.4.2.1.2. Films
      • 6.4.2.1.3. Fibers
      • 6.4.2.1.4. Others

7. Europe Polyethylene Furanoate Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings / Summary
• 7.2. By Type (Value & Volume)
  • 7.2.1. Bio-Based
  • 7.2.2. Plant-Based
• 7.3. By Application (Value & Volume)
  • 7.3.1. Packaging
  • 7.3.2. Films
  • 7.3.3. Fibers
  • 7.3.4. Others
• 7.4. By Country (Value & Volume)
  • 7.4.1. Germany
    • 7.4.1.1. By Application (Value & Volume)
      • 7.4.1.1.1. Packaging
      • 7.4.1.1.2. Films
      • 7.4.1.1.3. Fibers
      • 7.4.1.1.4. Others
  • 7.4.2. Spain
    • 7.4.2.1. By Application (Value & Volume)
      • 7.4.2.1.1. Packaging
      • 7.4.2.1.2. Films
      • 7.4.2.1.3. Fibers
      • 7.4.2.1.4. Others
  • 7.4.3. France
    • 7.4.3.1. By Application (Value & Volume)
      • 7.4.3.1.1. Packaging
      • 7.4.3.1.2. Films
      • 7.4.3.1.3. Fibers
      • 7.4.3.1.4. Others
  • 7.4.4. Rest of Europe
    • 7.4.4.1. By Application (Value & Volume)
      • 7.4.4.1.1. Packaging
      • 7.4.4.1.2. Films
      • 7.4.4.1.3. Fibers
      • 7.4.4.1.4. Others

8. Asia-Pacific Polyethylene Furanoate Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings / Summary
• 8.2. By Type (Value & Volume)
  • 8.2.1. Bio-Based
  • 8.2.2. Plant-Based
• 8.3. By Application (Value & Volume)
  • 8.3.1. Packaging
  • 8.3.2. Films
  • 8.3.3. Fibers
  • 8.3.4. Others
• 8.4. By Country (Value & Volume)
  • 8.4.1. China
    • 8.4.1.1. By Application (Value & Volume)
      • 8.4.1.1.1. Packaging
      • 8.4.1.1.2. Films
      • 8.4.1.1.3. Fibers
      • 8.4.1.1.4. Others
  • 8.4.2. India
    • 8.4.2.1. By Application (Value & Volume)
      • 8.4.2.1.1. Packaging
      • 8.4.2.1.2. Films
      • 8.4.2.1.3. Fibers
      • 8.4.2.1.4. Others
  • 8.4.3. Japan
    • 8.4.3.1. By Application (Value & Volume)
      • 8.4.3.1.1. Packaging
      • 8.4.3.1.2. Films
      • 8.4.3.1.3. Fibers
      • 8.4.3.1.4. Others
  • 8.4.4. Rest of Asia Pacific
    • 8.4.4.1. By Application (Value & Volume)
      • 8.4.4.1.1. Packaging
      • 8.4.4.1.2. Films
      • 8.4.4.1.3. Fibers
      • 8.4.4.1.4. Others

9. Rest of World Polyethylene Furanoate Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings / Summary
• 9.2. By Type (Value & Volume)
  • 9.2.1. Bio-Based
  • 9.2.2. Plant-Based
• 9.3. By Application (Value & Volume)
  • 9.3.1. Packaging
  • 9.3.2. Films
  • 9.3.3. Fibers
  • 9.3.4. Others
• 9.4. By Sub-Region (Value & Volume)
  • 9.4.1. Latin America
    • 9.4.1.1. By Application (Value & Volume)
      • 9.4.1.1.1. Packaging
      • 9.4.1.1.2. Films
      • 9.4.1.1.3. Fibers
      • 9.4.1.1.4. Others
  • 9.4.2. Middle East & Africa
    • 9.4.2.1. By Application (Value & Volume)
      • 9.4.2.1.1. Packaging
      • 9.4.2.1.2. Films
      • 9.4.2.1.3. Fibers
      • 9.4.2.1.4. Others

10. Competitive Landscape

• 10.1. Global Market Share/Ranking Analysis, By Key Manufacturer
• 10.2. Company Profiles
  • 10.2.1. Swicofil AG (Switzerland)
    • 10.2.1.1. Overview
    • 10.2.1.2. Description
    • 10.2.1.3. End-Use Portfolio
    • 10.2.1.4. Financials (As per Availability)
    • 10.2.1.5. Recent Developments
  • 10.2.2. Sulzer Ltd (Switzerland)
    • 10.2.2.1. Overview
    • 10.2.2.2. Description
    • 10.2.2.3. End-Use Portfolio
    • 10.2.2.4. Financials (As per Availability)
    • 10.2.2.5. Recent Developments
  • 10.2.3. TOYOBO CO., LTD. (Japan)
    • 10.2.3.1. Overview
    • 10.2.3.2. Description
    • 10.2.3.3. End-Use Portfolio
    • 10.2.3.4. Financials (As per Availability)
    • 10.2.3.5. Recent Developments
  • 10.2.4. Avantium (Netherland)
    • 10.2.4.1. Overview
    • 10.2.4.2. Description
    • 10.2.4.3. End-Use Portfolio
    • 10.2.4.4. Financials (As per Availability)
    • 10.2.4.5. Recent Developments
  • 10.2.5. ALPLA (Austria)
    • 10.2.5.1. Overview
    • 10.2.5.2. Description
    • 10.2.5.3. End-Use Portfolio
    • 10.2.5.4. Financials (As per Availability)
    • 10.2.5.5. Recent Developments
  • 10.2.6. Origin Materials (U.S.)
    • 10.2.6.1. Overview
    • 10.2.6.2. Description
    • 10.2.6.3. End-Use Portfolio
    • 10.2.6.4. Financials (As per Availability)
    • 10.2.6.5. Recent Developments
  • 10.2.7. AVA Biochem AG (Switzerland)
    • 10.2.7.1. Overview
    • 10.2.7.2. Description
    • 10.2.7.3. End-Use Portfolio
    • 10.2.7.4. Financials (As per Availability)
    • 10.2.7.5. Recent Developments
  • 10.2.8. Danone (France)
    • 10.2.8.1. Overview
    • 10.2.8.2. Description
    • 10.2.8.3. End-Use Portfolio
    • 10.2.8.4. Financials (As per Availability)
    • 10.2.8.5. Recent Developments

11. Strategic Recommendations