The Global Polyethylene Furanoate (PEF) Market size is estimated to grow at a CAGR of around 7.86% during the forecast period, i.e., 2024-30. The market growth is attributed to the enhanced sustainability of PEFs as compared to traditional plastics like PET (Polyethylene Terephthalate). As PEF is derived from renewable sources such as plant-based feedstocks, it aligns with the growing consumer and regulatory pressure for eco-friendly alternatives to fossil fuel-based plastics. This attribute makes PEF attractive to industries striving to reduce their carbon footprint and meet sustainability targets.
Global Polyethylene Furanoate (PEF) Market Research Report: Forecast (2024-2030)