Polyglycolic Acid - Global Strategic Business Report

The global market for Polyglycolic Acid was estimated at US$365.9 Million in 2024 and is projected to reach US$597.0 Million by 2030, growing at a CAGR of 8.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Polyglycolic Acid market.

Global Polyglycolic Acid Market - Key Trends & Drivers Summarized

Why Is Polyglycolic Acid Gaining Popularity in Biodegradable Applications?

Polyglycolic acid (PGA) is emerging as a significant material in the production of biodegradable products due to its high strength, excellent gas barrier properties, and rapid biodegradability. As a thermoplastic polymer, PGA is used extensively in medical applications, such as sutures and tissue engineering, where its ability to degrade safely in the body makes it a preferred material. Outside of healthcare, PGA’s biodegradability is attracting attention in industries such as packaging and oil and gas, where reducing environmental impact is a growing concern. With the rising global focus on sustainability, PGA is becoming an important player in the movement toward eco-friendly materials.

How Is Technological Innovation Expanding the Applications of Polyglycolic Acid?

Technological advancements are broadening the potential applications of polyglycolic acid. In the medical field, research into drug delivery systems and bioresorbable implants is driving the development of advanced PGA-based devices. The material’s high strength and ability to decompose naturally within the body make it ideal for temporary implants and scaffolds in tissue engineering. In packaging, PGA is being explored for its superior gas barrier properties, making it a strong candidate for replacing traditional plastics in food and beverage containers. Additionally, in the oil and gas industry, PGA is increasingly used in frac balls and plugs for drilling, where its biodegradability eliminates the need for retrieval after use, lowering operational costs.

How Are Industry Trends and Sustainability Goals Influencing the PGA Market?

The demand for polyglycolic acid is closely tied to global trends toward sustainability and reducing plastic waste. Industries are seeking alternatives to traditional petroleum-based plastics, and biodegradable polymers like PGA offer an attractive solution. Governments and corporations are increasingly setting targets for reducing plastic waste and adopting biodegradable materials in packaging and industrial applications. Moreover, the medical field’s ongoing shift toward minimally invasive and bioresorbable products is fostering greater demand for PGA in surgical sutures, implants, and other medical devices. These sustainability-focused industry trends are playing a critical role in shaping the future of the PGA market.

The Growth in the Polyglycolic Acid Market Is Driven by Several Factors

The growth in the polyglycolic acid market is driven by several factors, including the increasing demand for biodegradable materials in medical, packaging, and industrial applications. Technological advancements in the development of PGA-based products, particularly in bioresorbable medical devices and eco-friendly packaging, are expanding the material’s market reach. Industry trends toward sustainability and reducing environmental impact are driving the adoption of biodegradable polymers like PGA as alternatives to traditional plastics. Additionally, the rising focus on minimally invasive surgical procedures and bioresorbable implants in the medical field is boosting demand for PGA in healthcare applications. These factors, combined with the growing global emphasis on eco-friendly materials, are propelling the expansion of the PGA market.

SCOPE OF STUDY:

The report analyzes the Polyglycolic Acid market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: End-Use (Medical, Packaging, Shale Gas Extraction, Other End-Uses)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Medical segment, which is expected to reach US$242.6 Million by 2030 with a CAGR of a 8.3%. The Packaging segment is also set to grow at 8.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $94.7 Million in 2024, and China, forecasted to grow at an impressive 11.3% CAGR to reach $132.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Polyglycolic Acid Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Polyglycolic Acid Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Polyglycolic Acid Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as BMG Incorporated, Corbion, El Du Pont De Nemours & Co, Huizhou Foryou Medical Devices Co. Ltd, Kureha Corporation and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 32 companies featured in this Polyglycolic Acid market report include:

• BMG Incorporated
• Corbion
• El Du Pont De Nemours & Co
• Huizhou Foryou Medical Devices Co. Ltd
• Kureha Corporation
• Meta Biomed
• Samyang Biopharm
• Shenzhen Polymtek Biomaterial Co., Ltd
• Teleflex Incorporated

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.