Selbyville, Delaware. MarketStudyReport.com adds a new market research report titled Global Polyethylene Furanoate Market Size study, by Application (Bottles, Fibers and Films) and Regional Forecasts 2020-2027
Global Polyethylene Furanoate Market to reach USD 45.2 million by 2027.
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Global Polyethylene Furanoate Market is valued approximately USD 27.1 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.6 % over the forecast period 2020-2027.
Polyethylene furanoate is a recyclable bio-based polymer which is extracted from plants. Polyethylene furanoate is the alternative of widely used polymer, namely Polyethylene Terephthalate (PET), which is an economic material derived from conventional resources.
Polyethylene furanoate has better moisture barrier and mechanical properties than Polyethylene Terephthalate (PET). Polyethylene Furanoate (PEF) is widely used in packaging industry for fruit juices, alcoholic beverages, soft drinks, milk, water, etc.
Thus, growing demand for drinking beverages like alcohol, water and others as well as growing demand for sustainable products among consumers are the few factors responsible for growth of the market over the forecast period. For instance: According to Statista, alcohol consumption in India was 5.4 billion liters in 2016 and is estimated to reach about 6.5 billion liters by 2020.
Similarly, as per Statista, the Brazil food & beverage industry generated USD 61.48 billion in 2010 and has risen to USD 130.15 billion in 2019. However, the presence of substitutes and unfavorable conditions arising due to COVID-19 outbreak are the major factor restraining the growth of the global Polyethylene Furanoate market during the forecast period.
The regional analysis of global Polyethylene Furanoate market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the roduction landscape of biodegradable plastics toward emerging economies, particularly China and India, is expected to positively influence market growth over the forecast period.
Moreover, End-use industries including medical and food and beverages are driving the demand for PEF in the region on account of the rising demand for packed and processed food, coupled with the growing trend of e-commerce shopping.
Major market player included in this report are:
Avantium Technologies B.V.
Toyobo Co., Ltd.
The Coca-Cola Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Polyethylene Furanoate Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Polyethylene Furanoate Market, by Region, 2018-2027 (USD Billion)
1.2.2. Polyethylene Furanoate Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Polyethylene Furanoate Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Polyethylene Furanoate Market Dynamics
3.1. Polyethylene Furanoate Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Polyethylene Furanoate Market Industry Analysis
Complete report titled Global Polyethylene Furanoate Market Size study, by Application (Bottles, Fibers and Films) and Regional Forecasts 2020-2027 of 200 pages and published in February, 2021 is now available at https://www.marketstudyreport.com/reports/global-polyethylene-furanoate-market-size-research
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