PEF(Polyethylene Furanoate) 시장 예측(-2030년) : 용도별, 최종사용자별, 판매채널별, 지역별 세계 분석

According to Stratistics MRC, the Global Polyethylene Furanoate (PEF) Market is accounted for $20.9 million in 2024 and is expected to reach $37.2 million by 2030 growing at a CAGR of 10.1% during the forecast period. Polyethylene Furanoate (PEF) is bio-based polyester made from renewable resources like plant sugars. It is known for its superior barrier properties. PEF excels at preserving carbonated beverages and extending shelf life. The growth of PEF is driven by the increasing demand for sustainable packaging solutions, rising environmental awareness, and regulatory pressures to reduce carbon footprints. It is gaining traction in the beverage and packaging industries, promising significant market expansion in the years ahead.

According to the European Bioplastics association, the global production capacity of bio-based polymers is expected to increase from around 2.11 million tonnes in 2021 to approximately 2.87 million tonnes in 2026.

Market Dynamics:

Driver:

Growing demand for sustainable and biodegradable materials

The increasing global concern over plastic pollution and environmental degradation is driving the demand for sustainable and biodegradable materials like Polyethylene Furanoate (PEF). PEF, being a 100% bio-based and recyclable polymer, offers a lower carbon footprint compared to traditional plastics such as PET. This makes it an attractive alternative for industries aiming to reduce their environmental impact. The rising consumer awareness and regulatory pressures to adopt eco-friendly materials are further propelling the growth of the PEF market.

Restraint:

Limited production capacity

The limited production capacity of PEF is a significant restraint in the market. The current manufacturing infrastructure for PEF is not as developed as that for conventional plastics, leading to supply constraints. This limitation affects the scalability and widespread adoption of PEF, particularly in high-demand sectors like packaging. Additionally, the high initial investment required for setting up PEF production facilities can deter manufacturers, further restricting market growth.

Opportunity:

Investment in R&D

Investment in research and development (R&D) presents a substantial opportunity for the PEF market. Continuous R&D efforts are essential to improve the production processes, enhance the properties of PEF, and reduce production costs. Innovations in catalyst development, polymerization techniques, and the use of renewable feedstocks can significantly boost the efficiency and scalability of PEF production. Increased R&D investments can also lead to the discovery of new applications for PEF, expanding its market potential.

Threat:

Fluctuating raw material

Fluctuating raw material prices pose a significant threat to the polyethylene furanoate (PEF) market. PEF production relies on biobased raw materials, which can experience price volatility due to agricultural yield variations, supply chain disruptions, and market demand shifts. This unpredictability affects production costs, making it challenging for manufacturers to maintain stable pricing and profitability. Such fluctuations can deter investment in PEF production and hinder market growth.

Covid-19 Impact:

The COVID-19 pandemic had a mixed impact on the PEF market. While the demand for sustainable packaging materials increased due to heightened environmental awareness, supply chain disruptions and manufacturing delays hindered production. The pandemic underscored the importance of resilient and sustainable supply chains, driving long-term growth prospects for PEF despite short-term challenges.

The food & beverage packaging segment is expected to be the largest during the forecast period

The food & beverage packaging segment is expected to be the largest during the forecast period. PEF's superior barrier properties against gases like carbon dioxide and oxygen make it ideal for packaging applications, ensuring longer shelf life and maintaining product quality. The growing consumer preference for sustainable packaging solutions and stringent regulations on single-use plastics are driving the adoption of PEF in the food and beverage industry, contributing significantly to market growth.

The e-commerce platforms segment is expected to have the highest CAGR during the forecast period

The e-commerce platforms segment is expected to have the highest CAGR during the forecast period. The rapid growth of e-commerce has increased the demand for efficient and sustainable packaging solutions. PEF's excellent mechanical properties, such as high tensile strength and heat resistance, make it suitable for packaging applications in the e-commerce sector. The shift towards online shopping and the need for durable, eco-friendly packaging materials are driving the high growth rate of this segment.

Region with largest share:

The North America region is positioned to dominate the Polyethylene Furanoate (PEF) Market. The region's advanced infrastructure, significant investments in sustainable technologies, and stringent environmental regulations contribute to its leading market share. The high consumer awareness and demand for eco-friendly packaging solutions further drive the adoption of PEF in North America, making it the largest market for PEF.

Region with highest CAGR:

The Asia Pacific region anticipates rapid growth in the Polyethylene Furanoate (PEF) Market. Increasing investments in packaging and consumer goods industries, particularly in countries like China and India, are driving market expansion. The growing focus on sustainability, coupled with favorable government policies and rising consumer awareness, is expected to boost the adoption of PEF in the region, leading to the highest CAGR during the forecast period.

Key players in the market

Some of the key players in Polyethylene Furanoate (PEF) Market include Avantium, Danone, Toyobo Co., Ltd., Alpla, The Coca-Cola Company, BASF SE, Corbion N.V., Synvina, Wifag-Polytype Holding AG, Tereos, Mitsui & Co., Ltd., NatureWorks LLC, Origin Materials, PEFerence, Futerro, Sulzer Ltd, VTT Technical Research Centre of Finland, Anellotech and Carbios.

Key Developments:

In November 2023, Avantium has partnered with Dutch supermarket chain Albert Heijn to introduce PEF packaging for its own-brand products. This collaboration aims to transition to more sustainable packaging alternatives using Avantium's 100% plant-based and recyclable PEF material.

In November 2023, Avantium has also partnered with Pangaia to use its PEF material in a new sustainable apparel collection, targeting the fashion industry with PEF-based fibers and yarns.

Applications Covered:

• Bottles
• Food Containers
• Films & Sheets
• Fibers & Textiles
• Other Applications

End Users Covered:

• Food & Beverage Packaging
• Automotive
• Electronics & Electrical Components
• Medical & Healthcare
• Textiles
• Agriculture
• Other End Users

Sales Channels Covered:

• Direct Sales
• Distribution Channels
• E-commerce Platforms

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Polyethylene Furanoate (PEF) Market, By Application

• 5.1 Introduction
• 5.2 Bottles
• 5.3 Food Containers
• 5.4 Films & Sheets
• 5.5 Fibers & Textiles
• 5.6 Other Applications

6 Global Polyethylene Furanoate (PEF) Market, By End User

• 6.1 Introduction
• 6.2 Food & Beverage Packaging
• 6.3 Automotive
• 6.4 Electronics & Electrical Components
• 6.5 Medical & Healthcare
• 6.6 Textiles
• 6.7 Agriculture
• 6.8 Other End Users

7 Global Polyethylene Furanoate (PEF) Market, By Sales Channel

• 7.1 Introduction
• 7.2 Direct Sales
• 7.3 Distribution Channels
• 7.4 E-commerce Platforms

8 Global Polyethylene Furanoate (PEF) Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Avantium
• 10.2 Danone
• 10.3 Toyobo Co., Ltd.
• 10.4 Alpla
• 10.5 The Coca-Cola Company
• 10.6 BASF SE
• 10.7 Corbion N.V.
• 10.8 Synvina
• 10.9 Wifag-Polytype Holding AG
• 10.10 Tereos
• 10.11 Mitsui & Co., Ltd.
• 10.12 NatureWorks LLC
• 10.13 Origin Materials
• 10.14 PEFerence
• 10.15 Futerro
• 10.16 Sulzer Ltd
• 10.17 VTT Technical Research Centre of Finland
• 10.18 Anellotech
• 10.19 Carbios