Market Research Report

A quick peek into the report

1.1 Expected Capacity Additions in 2,5 Furandicarboxylic Acid (FDCA) Market
1.2 Potential Entrants in the PEF Market
1.3 Potential Customers of the PEF Market

2.1 Drivers
2.1.1 Ongoing Quest to Decrease the Global Carbon Footprint
2.1.2 Downgauging Possibilities in Films and Bottles
2.1.3 Suitability for Bottles and Containers Requiring Better Barrier Properties
2.2 Restraints
2.2.1 Threat from Other Bio-Based Materials
2.2.2 Competing with an Existing Value Chain
2.3 Opportunities
2.3.1 Developing New Applications
2.3.2 Occupying Share in Global Packaging Market

3.1 Key Market Developments and Strategies
3.1.1 Business Expansion
3.1.2 Partnerships, Agreements, and Joint Ventures
3.1.3 Others (Awards, Summits, Approvals, and Recognitions)
3.2 Player Share Analysis, 2018

4.1 Supply Chain Analysis
4.2 Raw Material Analysis
4.2.1 2,5 Furandicarboxylic Acid (FDCA):
4.2.2 Monoethylene Glycol (MEG):
4.3 Regulations
4.4 Consortiums and Associations
4.5 Opportunity Matrix
4.6 Industry Attractiveness
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat from Substitutes
4.6.5 Intensity of Competitive Rivalry

5.1 Technical difference
5.2 Commercial difference

6.1 Assumptions and Limitations
6.2 Market Overview
6.3 Bottles
6.3.1 Water Bottles
6.3.2 Beverage Bottles
6.3.3 Others
6.4 Films
6.4.1 Trays and Cups
6.4.2 Food Packaging
6.4.3 Other Packaging
6.5 Fibers
6.5.1 Apparels
6.5.2 Carpets
6.5.3 Others

7.1 Asia-Pacific
7.1.1 Asia-Pacific (by Country)
7.1.1.1 China
7.1.1.1.1 China (by Application)
7.1.1.2 Japan
7.1.1.2.1 Japan (by Application)
7.1.1.3 Rest-of-Asia-Pacific
7.1.1.3.1 Rest-of-Asia-Pacific (by Application)
7.2 Europe
7.2.1 Europe (by Country)
7.2.1.1 Germany
7.2.1.1.1 Germany (by Application)
7.2.1.2 France
7.2.1.2.1 France (by Application)
7.2.1.3 The U.K.
7.2.1.3.1 The U.K. (by Application)
7.2.1.4 The Netherlands
7.2.1.4.1 The Netherlands (by Application)
7.2.1.5 Switzerland
7.2.1.5.1 Switzerland (by Application)
7.2.1.6 Rest-of-Europe
7.2.1.6.1 Rest-of-Europe (by Application)
7.3 North America
7.3.1 North America (by Country)
7.3.1.1 The U.S.
7.3.1.1.1 The U.S. (by Application)
7.3.1.2 Rest-of-North America
7.3.1.2.1 Rest of North America (by Application)
7.4 Rest-of-the-World (RoW)
7.4.1 Rest-of-the-World (by Country)
7.4.1.1 Brazil
7.4.1.1.1 Brazil (by Application)
7.4.1.2 Others
7.4.1.2.1 Others (by Application)

8.1 Overview
8.2 ALPLA Werke Alwin Lehner GmbH & Co KG
8.2.1 Company Overview
8.2.2 Product Portfolio
8.2.3 Corporate Summary
8.2.4 SWOT Analysis
8.3 AVA Biochem AG
8.3.1 Company Overview
8.3.2 Product Portfolio
8.3.3 Corporate Summary
8.3.4 SWOT Analysis
8.4 Avantium
8.4.1 Company Overview
8.4.2 Product Portfolio
8.4.3 Financials
8.4.3.1 Financial Summary
8.4.4 SWOT Analysis
8.5 Corbion nv
8.5.1 Company Overview
8.5.2 Product Portfolio
8.5.3 Financials
8.5.3.1 Financial Summary
8.5.4 SWOT Analysis
8.6 Danone
8.6.1 Company Overview
8.6.2 Product Portfolio
8.6.3 Financials
8.6.3.1 Financial Summary
8.6.4 SWOT Analysis
8.7 MITSUI & CO., LTD.
8.7.1 Company Overview
8.7.2 Product Portfolio
8.7.3 Financials
8.7.3.1 Financial Summary
8.7.4 SWOT Analysis
8.8 Swire Pacific Ltd.
8.8.1 Company Overview
8.8.2 Product Portfolio
8.8.3 Financials
8.8.3.1 Financial Summary
8.8.4 SWOT Analysis
8.9 Synvina
8.9.1 Company Overview
8.9.2 Product Portfolio
8.9.3 Corporate Summary
8.9.4 SWOT Analysis
8.10 Tereos
8.10.1 Company Overview
8.10.2 Product Portfolio
8.10.3 Financials
8.10.3.1 Financial Summary
8.10.4 SWOT Analysis
8.11 Toyobo Co., Ltd.
8.11.1 Company Overview
8.11.2 Product Portfolio
8.11.3 Financials
8.11.3.1 Financial Summary
8.11.4 SWOT Analysis
8.12 Toyo Seikan Co., Ltd.
8.12.1 Company Overview
8.12.2 Product Portfolio
8.12.3 Corporate Summary
8.12.4 SWOT Analysis

9.1 Report Methodology and Scope
9.1.1 Scope of the Report
9.1.2 Global Polyethylene Furanoate Market Research Methodology
9.1.2.1 Assumptions
9.1.2.2 Limitations
9.1.2.3 Primary Data Sources
9.1.2.4 Secondary Data Sources
9.1.2.5 Data Triangulation
9.1.2.6 Data Analyzing and Market Estimation

Table 1 Global Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 1.1 Expected Capacity Additions in FDCA Production
Table 1.2 List of Potential Entrants in the PEF Market
Table 1.3 Potential PEF Producers
Table 1.4 Potential PEF Customers
Table 2.1 Comparison of PET and PEF Based on Properties
Table 3.1 Key Business Expansion Activities, 2015-17
Table 3.2 Partnerships, Agreements, and Joint Ventures (2015-17)
Table 4.1 Manufacturers of FDCA and HMF
Table 4.2 Properties and Uses of MEG
Table 4.3 List of Producers of Bio-Based MEG
Table 4.4 Recent Developments in Bio-MEG Market
Table 4.5 Regulations that Influence the Global Polyethylene Furanoate Market
Table 4.6 Associations/Consortiums Involved in the Global Polyethylene Furanoate Market
Table 4.7 Analyzing the Threat of New Entrants
Table 4.8 Analyzing the Bargaining Power of Buyers
Table 4.9 Analyzing the Bargaining Power of Suppliers
Table 4.10 Analyzing the Threat from Substitutes
Table 4.11 Analyzing the Intensity of Competitive Rivalry
Table 5.1 Comparison of PET and PEF Based on Properties
Table 6.1 Global Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 6.2 Global Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.1 Global Polyethylene Furanoate Market (by Region), Value, 2017-2025
Table 7.2 Global Polyethylene Furanoate Market (by Region), Volume, 2017-2025
Table 7.3 Top Three Bottled Water Markets in Asia-Pacific Countries, 2015
Table 7.4 Asia-Pacific Polyethylene Furanoate Market (by Country), Value, 2017-2025
Table 7.5 Asia-Pacific Polyethylene Furanoate Market (by Country), Volume, 2017-2025
Table 7.6 China Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.7 China Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.8 Japan Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.9 Japan Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.10 Rest-of-Asia-Pacific Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.11 Rest-of-Asia-Pacific Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.12 Europe Polyethylene Furanoate Market (by Country), Value, 2017-2025
Table 7.13 Europe Polyethylene Furanoate Market (by Country), Volume, 2017-2025
Table 7.14 Germany Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.15 Germany Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.16 France Polyethylene Furanoate Market by (Application), Value, 2017-2025
Table 7.17 France Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.18 U.K. Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.19 U.K. Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.20 Netherlands Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.21 Netherlands Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.22 Switzerland Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.23 Switzerland Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.24 Rest-of-Europe Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.25 Rest of Europe Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.26 North America Polyethylene Furanoate Market (by Country), Value, 2017-2025
Table 7.27 North America Polyethylene Furanoate Market (by Country), Volume, 2017-2025
Table 7.28 U.S. Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.29 U.S. Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.30 Rest of North America Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.31 Rest of North America Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.32 Rest-of-the-World Polyethylene Furanoate Market (by Country), Value, 2017-2025
Table 7.33 Rest-of-the-World Polyethylene Furanoate Market (by Country), Volume, 2017-2025
Table 7.34 Brazil Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.35 Brazil Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 7.36 Others Polyethylene Furanoate Market (by Application), Value, 2017-2025
Table 7.37 Others Polyethylene Furanoate Market (by Application), Volume, 2017-2025
Table 8.1 ALPLA Werke Alwin Lehner GmbH & Co KG: Product Portfolio
Table 8.2 AVA Biochem AG: Product Portfolio
Table 8.3 Avantium: Product Portfolio
Table 8.4 Corbion nv: Product Portfolio
Table 8.5 Danone: Product Portfolio
Table 8.6 MITSUI & CO., LTD.: Product Portfolio
Table 8.7 Swire Pacific Ltd.: Product Portfolio
Table 8.8 Synvina: Product Portfolio
Table 8.9 Tereos: Product Portfolio
Table 8.10 Toyobo Co., Ltd.: Product Portfolio
Table 8.11 Toyo Seikan Co., Ltd.: Product Portfolio

Figure 1 Global PEF Market Snapshot
Figure 2 Global PEF Market (by Application), Value, 2017, 2019, and 2025
Figure 3 Global PEF Market (by Geography)
Figure 4 Global PEF Market (by Country), 2019-2025
Figure 2.1 Market Dynamics
Figure 2.2 Impact Analysis of Drivers
Figure 2.3 Effects of Carbon Dioxide on the Global Temperature and Increase in Total Amount of Emission (2014-2017)
Figure 2.4 Recent Patterns in the Packaging Industry
Figure 2.5 Impact Analysis of Restraints
Figure 2.6 Major Applications of Bio-Based Plastics
Figure 3.1 Strategies Adopted by Key Players
Figure 3.2 Share of Key Market Strategies and Developments (2015-2018)
Figure 3.3 Player Share Analysis, 2018
Figure 4.1 Supply Chain Analysis of Global Polyethylene Furanoate Market
Figure 4.2 Process of FDCA Production
Figure 4.3 Applications of FDCA
Figure 4.4 Global Polyethylene Furanoate Market Opportunity Matrix (by Region), $, 2019-2025
Figure 4.5 Porter’s Five Forces Analysis
Figure 5.1 Bio-Based Content in Different Polymers
Figure 5.2 Technology Adoption Curve
Figure 5.3 Price Development of PEF
Figure 6.1 Applications of PEF
Figure 6.2 Global Polyethylene Furanoate Market (by Application), 2017, 2019, and 2025
Figure 6.3 Major Applications for Bottles in PEF Industry
Figure 6.4 End-User Industries in the PEF Market
Figure 6.5 Major application of PEF Films in PEF Industry
Figure 7.1 Global Polyethylene Furanoate Market (by Region)
Figure 7.2 Global Polyethylene Furanoate Market Overview (by Region)
Figure 7.3 Global Polyethylene Furanaote Market Share (by Region), 2017, 2019, and 2026
Figure 7.4 Energy Consumption in Europe (by Country), 2014
Figure 7.5 Total Per Capita Consumption of Packaged Water in France
Figure 7.6 Total Plastic Packaging Composition in Different Segments in the U.K., 2011
Figure 8.1 Share of Key Companies
Figure 8.2 ALPLA Werke Alwin Lehner GmbH & Co KG: SWOT Analysis
Figure 8.3 AVA Biochem AG: SWOT Analysis
Figure 8.4 Avantium: Overall Financials, 2015-2017
Figure 8.5 Avantium: Net Revenue (by Business Segment), 2015-2017
Figure 8.6 Avantium: SWOT Analysis
Figure 8.7 Corbion nv: Overall Financials, 2015-2017
Figure 8.8 Corbion nv: Net Revenue (by Business Segment), 2015-2017
Figure 8.9 Corbion nv: Net Revenue (by Geographical Area), 2015-2017
Figure 8.10 Corbion nv: SWOT Analysis
Figure 8.11 Danone: Overall Financials, 2015-2017
Figure 8.12 Danone: Net Revenue (by Business Segment), 2015-2016
Figure 8.13 Danone: Net Revenue (by Business Segment), 2017
Figure 8.14 Danone: Net Revenue (by Geographical Area), 2016-2017
Figure 8.15 Danone: SWOT Analysis
Figure 8.16 MITSUI & CO., LTD.: Overall Financials, 2016-2018
Figure 8.17 MITSUI & CO., LTD.: Net Revenue (by Business Segment), 2017-2018
Figure 8.18 MITSUI & CO., LTD.: SWOT Analysis
Figure 8.19 Swire Pacific Ltd.: Overall Financials, 2015-2017
Figure 8.20 Swire Pacific Ltd.: Net Revenue (by Business Segment), 2015-2017
Figure 8.21 Swire Pacific Ltd.: Net Revenue (by Geographical Area), 2015-2017
Figure 8.22 Swire Pacific Ltd.: SWOT Analysis
Figure 8.23 Synvina: SWOT Analysis
Figure 8.24 Tereos: Overall Financials, 2015-2017
Figure 8.25 Tereos: Net Revenue (by Business Segment), 2017
Figure 8.26 Tereos: Net Revenue (by Business Segment), 2016
Figure 8.27 Tereos: SWOT Analysis
Figure 8.28 Toyobo Co., Ltd.: Overall Financials, 2016-2018
Figure 8.29 Toyobo Co., Ltd.: Net Revenue (by Business Segment), 2016-2018
Figure 8.30 Toyobo Co., Ltd.: SWOT Analysis
Figure 8.31 Toyo Seikan Co., Ltd.: SWOT Analysis
Figure 9.1 Global Polyethylene Furanoate Market Scope
Figure 9.2 Report Design
Figure 9.3 Primary Interviews Breakdown, by Player, Designation, and Region
Figure 9.4 Sources of Secondary Research
Figure 9.5 Data Triangulation
Figure 9.6 Top Down-Bottom-Up Approach for Market Estimation

Report Description

Over the last decade, the packaging industry has witnessed a massive transformation, owing to the increasing demand for sustainable manufacturing systems. Rising consumer awareness and high environmental concerns have resulted in the transformation of the manufacturing process of the products and their supply chain across the world. Various research companies and institutes are working for the production innovative alternatives to packaging systems. Polyethylene furanoate (PEF), being 100% bio-based, has the ability to address the rising concerns regarding resource depletion as compared to that of polyethylene terephthalate (PET) that uses conventional nonrenewable resources for its production. With the rapid advancements and innovations in the packaging industry, the PEF market is expected to present an extensive amount of opportunities to revolutionize the global packaging industry.

The market research study offers a wide perspective of PEF and its different applications. The report also provides an analysis of the market penetration of these applications and their growth opportunities across different regions and countries. The study focuses on the changing landscape of the PEF market, owing to the capacity developments of leading players. The study helps in keeping close tabs on the PEF market as PEF production moves from pilot scale to a commercial scale in the coming years. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players), and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

The report is a compilation of various segmentations including market breakdown by application and region. The report highlights the key driving and restraining forces for this market as well as the market opportunities in different applications across the leading countries in the PEF market. In the extensive primary research process undertaken for this study, the primary sources further include industry experts and key executives from prominent companies and organizations across the PEF value chain.

The trends of the PEF market vary with different geographical regions. The PEF market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). The report also provides a country-based analysis for all the leading countries in every region, including the U.S, Germany, France, the Netherlands, Switzerland, the U.K, China, Japan, and Brazil. Each geographical region analysis details the individual push and pull forces in addition to the key players and applications in that particular region.

The prominent players operating in the polyethylene furanoate market are Avantium, Corbion nv, Danone, MITSUI & CO., LTD., Swire Pacific Ltd., Tereos, and Toyobo Co., Ltd., ALPLA Werke Alwin Lehner GmbH & Co KG, AVA Biochem AG, Synvina, and Toyo Seikan Co.,Ltd., among others.

Key Questions Answered in this Report

• What is the global polyethylene furanoate market size in terms of value and volume from 2017-2025 along with the year-on-year growth rates and the CAGR from 2019 to 2025?
• What are the major applications for PEF globally in terms of volume consumption and revenue generation?
• Which are the major regions and countries that provide growth opportunities for the PEF market?
• What is the revenue generation and volume consumption of PEF for various applications across different countries?
• What is the competitive strength of the key players in the PEF market by analyzing their recent developments, product offerings, and regional presence?

Market Overview

The global packaging and bottle industry is changing rapidly toward making a bio-economy. The emerging market structure and consumer awareness call for the adoption of innovations that are environment-friendly. Issues such as climate change, depleting sources of fossil fuel-based feedstock, and increasing carbon footprint in the production process have been the major driving and restraining factors behind the wide acceptance of the bio-based products by the consumers. Companies have been investing heavily in the research and development of packaging alternatives. Owing to the changing lifestyle and rising health and pollution concern, the demand for innovative products with minimum environmental hazards and health hazards is gaining traction.

The most widely used chemical for the production of bottles and different packaging options has been polyethylene terephthalate (PET), and it occupies the majority of the share of the global packaging and bottle market. It became the most preferred choice among the masses owing to its properties such as hygiene, shatterproof, and lightweight, and high strength. Despite having the aforementioned qualities, the packaging of any product must also have minimal impact on the environment. The rising concern for environmental issues is posing a threat to the existing market for PET.

Polyethylene fuaranoate (PEF) is proposed to be used as an alternative to the existing polymers that make use of non-renewable resources in their production. The key feature that distinguishes PEF from PET is that it is bio-based and is derived from plants, whereas the formation of PET takes place from the conventional resources. Other than this, when compared with PET, PEF has better mechanical properties such as lower melting point, higher glass transition point, and better tensile strength, among others. It is also light weighted and can be recycled. It finds its application in the production of various products, such as bottles, beverage containers, sheets of films, and as fibers, in the packaging of various products. Its further application and usage is researched by several institutes and industries. The application of PEF does not require inclusion of any other investment in terms of instruments and machines. It could be processed in the same facilities as PET and can be recycled in the PET streams as well.

However, PEF is in its exploratory stage and owing to its distinguishing features it has the potential to replace PET and be a dominant player in the chemical industry. It is viewed as an attractive area for investment among various manufacturers and distributors across different markets. The current PEF production has been utilized by the leading companies for testing and process optimization. Being in its nascent stage, PEF is currently more expensive for the consumers when compared with other existing alternatives such as PET. But as the PEF production reaches a commercial and an industrial stage, PEF producers are expected to have the leverage of reducing their prices which in turn might also facilitate and accelerate PET replacement by PEF at a large scale.

Overall, the packaging and bottle industry is anticipated to have significant growth in the upcoming years due to rapid innovations. PEF might be a key player contributing to the success of bio-based environment friendly products. However, it being in its pilot phase, not much can be estimated about its worldwide acceptance and performance in terms of durability and feasibility of adoption.

The PEF market was valued $167.9 thousand in 2017 and is expected to reach $129.3 million by 2025. The market in terms of value is expected to grow at XX% from 2019 to 2025 after its commercialization. Whereas, in 2017, the market in terms of volume was XX tons, which is expected to reach XX kilotons by 2025. The market in terms of volume is expected to grow at XX% from 2019 to 2025 after its commercialization. The backing of leading packaging companies for the development of the PEF market and the development of PEF production at a commercial scale are expected to help the market to grow.

The bottle application of PEF is expected to replace PET in large volumes in the packaging industry. The development of PEF bottles has been supported by leading consumers, such as Danone, Nestle S.A., Swire Pacific Ltd., Toyo Seikan Co., Ltd., and The Coca Cola Company, further driving the growth of PEF bottles. Moreover, initiatives taken by leading chemical companies such as MITSUI CO., LTD. and Avantium to promote PEF beverage bottles on a large scale at major events such as the Tokyo Olympics in 2020 is expected to further drive the growth of this application.

The trends of the PEF market vary with different geographical regions. The PEF market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World. Europe currently dominates the market in terms of value because of the expensive nature of PEF in the region, whereas the Asia-Pacific region dominates the market in terms of volumes as the region is host to major PEF polymerization companies and PEF product manufacturing companies. China is expected to show the fastest growth after the commercialization of PEF in 2019. The country is home to leading PET resin consumers and is expected to be a key country for growth once PEF gets commercialized.

Competitive Landscape

The latest strategies and developments adopted by the key market players in the PEF market in order to lead the market defines the competitive landscape of the market. The companies, in order to improve their market positioning, work in partnerships, improve their product offerings, and expand their business activities.

In June 2017, the consortium named PEFerence consisting of 11 members aimed at establishing an innovative supply chain for FDCA and PEF received a subsidy of EUR 25 million from Bio-based Industries (BBI). This will further help in the development of PEF prospects. Also, in May 2017, The European PET Bottle Platform (EPBP) gave interim approval to Synvina for the PEF's recyclability. PEF bottles therefore could be disposed in the same way as PET bottle are disposed.

Research and development (R&D) is a key factor that influences the growth of the market. Companies work in collaboration with institutes to develop better technologies for the production of PEF. The growth in the PEF market is largely dependent on the price competitiveness of PEF with PET after commercialization. The improved properties and the bio-based nature of PEF ensure good growth if it can become economically viable for the consumers in the long run.