The report of global Polyethylene Furanoate (PEF) market, By Type (Plant-Based and Bio-based) Application (Packaging Product, Bottles, Films and Fibers) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ US$ 6.2 Bn 2019 and is expected to reach US$ 8.45 Bn by 2027, at a CAGR of 7.12% during a forecast period.
Type segment is expected to grow at the highest CAGR of XX% during the forecast period.
The bio-based polyethylene furanoate (PEF) segment is expected to witness the highest growth during the forecast period with an estimated CAGR XX% during the forecast period. Majorly, the market demand for above mentioned product is showing significant growth in the middle East and Africa & Asia Pacific region owing to result of rapid expansion of the packaging industry. Preference of bio-based product is more compare with plant segment owing to intensifying demand for sustainable products will lead to the growth of the bio-based polyethylene furanoate (PEF) market throughout the growing period.
Asia Pacific dominated the Polyethylene Furanoate (PEF) Market in 2019.
Regionally, Asia Pacific accounted for the fastest adoption of the polyethylene furanoate (PEF) owing to noteworthy growth in technological advances and high popularity of product amongst the population as preferable material for packaging is contributing to global polyethylene furanoate.
Key players operating in the global Polyethylene Furanoate (PEF) Market are Avantium, Toyo Seikan Kaisha, ALPLA, Danone, Swire Pacific, AVA Biochem, TOYOBO, Corbion, Mitsui & CO., LTD, Tereos, Synvina, Swicofil AG, Toray Industries, Gevo, WIFAG-Polytype.
Maximize Market Research, a global market research with a dedicated team of specialists and data has carried out extensive Research about the Global Polyethylene Furanoate (PEF) Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Polyethylene Furanoate (PEF) Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Polyethylene Furanoate (PEF) Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive Research report and in-depth TOC on “Global Polyethylene Furanoate (PEF) Market.”
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