Polyethylene Furanoate Films Market Size, Share, Key Drivers, Industry Growth and Opportunity Analysis
Polyethylene furanoate films market size is expected to grow at a compound annual growth rate of 8.55% for the forecast period of 2021 to 2028. Data Bridge Market Research report on polyethylene furanoate films market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Polyethylene furanoate films are generally made of 100% recyclable bio-based polymers which are derived from plants. Polyethylene furanoate films can be measured as next-generation polyester, having better mechanical and barrier properties when compared to highly popular polyester (PET).
The rise in demand for snacks, packaged food and ready-to-eat meals products is expected to influence the growth of the polyethylene furanoate films market. In line with this, the rise in the demand for sustainable packaging applications related with the favorable regulations associated to the use of bio-based materials are also anticipated to act as key determinants favoring the growth of the polyethylene furanoate films market over the forecast period of 2021 to 2028.
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The major players covered in the polyethylene furanoate films market report are Avantium, The Coca-Cola Company, Danone S.A., Corbion, AVA Biochem AG, Swicofil AG, TOYOBO Co., Ltd., and Alpla among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Polyethylene Furanoate Films Market Report:
Polyethylene furanoate films market is segmented on the basis of application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on application, the polyethylene furanoate films market is segmented into packaging and industrial.
- The end user segment for polyethylene furanoate films market is segmented into food and beverage, electronics, pharmaceuticals and others.
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Polyethylene Furanoate Films Market Regional Analysis/Insights
The Polyethylene Furanoate Films market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Polyethylene Furanoate Films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Polyethylene Furanoate Films within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Polyethylene Furanoate Films market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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