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Polyethylene Furanoate (PEF) Market -Global Industry Insights, Trends And Forecast, 2017-2025

Polyethylene Furanoate (PEF) Market -Global Industry Insights, Trends And Forecast, 2017-2025

Submitted by • August 1, 2018 www.insightsandreports.com

Rising concern about plastic pollution has created an uplift regarding the transition towards the usage of eco-friendly packaging products. According to Insights and Reports, more than 165 million tons of plastics are used in the packaging industry and a relatively small amount is recycled. Further, increasing population has given rise to consumption of bottled water as well. 2016 witnessed a sale of approximately 500 million plastic bottles, which consequently has given rise to plastic pollution as well. Further, worldwide bottled water consumption amounted to 400 billion liters in 2017. These factors have urged the manufacturers to shift to sustainable packaging solutions, which in turn is paving the way for polyethyelene furanoate (PEF) as a suitable packaging material.

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Voted by John_shine07

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