Global Polyethylene Furanoate (PEF) Market To Exceed USD 79.38 Million by 2035| CAGR of 8.18%
Category: Chemicals & MaterialsAccording to a research report published by Spherical Insights & Consulting, The Global Polyethylene Furanoate (PEF) Market Size is Expected To Grow from USD 33.42 Million in 2024, Growing to USD 36.21 Million in 2025, and is Predicted to grow to around USD 79.38 Million by 2035 with a compound annual growth rate (CAGR) of 8.18% from 2025 to 2035.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global Polyethylene Furanoate (PEF) Market Size, Share, and COVID-19 Impact Analysis, By Type (Bio-Based and Plant-Based), By Application (Packaging, Films, Fibers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/polyethylene-furanoate-pef-market
The polyethylene furanoate (PEF) market centers around a renewable, plant-based bio-polyester that offers a sustainable alternative to conventional plastics such as PET. Known for its excellent gas barrier properties, thermal stability, and mechanical strength, PEF is primarily used in packaging applications such as bottles, films, food containers, textiles, and automotive materials. Market growth is driven by increasing environmental concerns, the rising demand for sustainable packaging, and tightening regulations on fossil-based plastics. Key drivers include expansion in the food and beverage sector, the shift toward recyclable and biodegradable materials, and technological advancements in bio-refining. The market presents strong potential to replace PET in advanced packaging, expand into fiber and film sectors, and align with circular economy goals. Investment in renewable plastics is further fueling innovation, scaling production, and accelerating PEF’s global adoption. PEF market growth is limited by high production costs, low availability, scalability, competition, and awareness.
The bio-based segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the polyethylene furanoate (PEF) market is divided into bio-based and plant-based. Among these, the bio-based segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. This is due to increasing environmental concerns, rising demand for sustainable materials, government support for green alternatives, and ongoing innovation in bio-based polymer technologies.
The packaging segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the polyethylene furanoate (PEF) market is divided into packaging, films, fibers, and others. Among these, the packaging segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. This segment is growing due to rising demand for sustainable and lightweight materials, increased use in food and beverage packaging, regulatory pressure on single-use plastics, and growing consumer preference for eco-friendly packaging solutions.
Asia Pacific is expected to hold the majority share of the global polyethylene furanoate (PEF) market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global polyethylene furanoate (PEF) market during the forecast period. China, India, and Japan are boosting PEF market growth through investments in bio-based materials, supportive government policies, rising demand for eco-friendly products, and expanding manufacturing infrastructure, positioning Asia as a key hub for PEF production and application.
North America is anticipated to grow at the fastest pace in the global polyethylene furanoate (PEF) market during the forecast period. Growing demand for bio-based packaging, supportive environmental policies, advanced R&D, and rising eco-consciousness in the U.S. and Canada are accelerating PEF adoption and market growth.
Major vendors in the global polyethylene furanoate (PEF) market are Avantium, Danone, Toyobo, Alpla Group, Sulzer, Corbion, Origin Materials, BASF, ADM, AVA Biochem, Mitsui & Co, Sukano, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2025, Avantium partnered with BIOVOX to supply its renewable PEF for pharmaceutical applications. The multiple-year agreement grants BIOVOX preferred access to PEF from Avantium’s future industrial scale facilities, leveraging its global licensee network and sustainable polymer technology.
- In October 2024, Avantium launched the Releaf brand for its plant-based, recyclable PEF polymer, aiming to transform the plastics industry by offering sustainable, superior solutions for bottles, packaging, and textiles, promoting eco-friendly choices as the new standard.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the polyethylene furanoate (PEF) market based on the below-mentioned segments:
Global Polyethylene Furanoate (PEF) Market, By Type
- Bio-Based
- Plant-Based
Global Polyethylene Furanoate (PEF) Market, By Application
- Packaging
- Films
- Fibers
- Others
Global Polyethylene Furanoate (PEF) Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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