Polyglycolic Acid PGA Market

PGA market was valued at approximately USD 4.76 billion in 2023, reflecting its expanding across various industries, the market will reach around USD 12.63 billion by 2033

Pages: 250

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Date: 01-2025

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Category: Chemicals & Materials

Polyglycolic Acid PGA Market Overview

Polyglycolic acid, known for its exceptional biodegradability and high strength, is a versatile polymer widely used in medical, packaging, and industrial applications. The global PGA market has been gaining traction due to increasing demand for eco-friendly materials and advancements in surgical technologies.

What is Polyglycolic Acid (PGA)?

Polyglycolic Acid (PGA) is a biodegradable, thermoplastic polymer derived from glycolic acid. It is known for its high mechanical strength, excellent barrier properties, and rapid biodegradation in natural environments. PGA belongs to the polyester family and is synthesized through various polymerization processes, most commonly ring-opening polymerization of glycolide or polycondensation of glycolic acid.

The PGA market was valued at approximately USD 4.76 billion in 2023, reflecting its expanding applications across various industries, the market will reach around USD 12.63 billion by 2033, driven by a compound annual growth rate (CAGR) of 10.2%

Report Attributes	Details
Study Period	2023 to 2033
Base Year	2023
FORECAST PERIOD	2024-2030
HISTORICAL PERIOD	2020-2023
UNIT	Value (USD Billion)
KEY COMPANIES PROFILED	Kureha Corporation Corbion Shenzhen Polymtek Biomaterial Co, Ltd. BMG Incorporated Huizhou Foryou Medical Devices Co., Ltd. Teleflex Incorporated Others
SEGMENTS COVERED	By Type, By Application, and By Geography
CUSTOMIZATION SCOPE	Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Key Characteristics of PGA

Biodegradability: PGA decomposes into environmentally benign by-products, such as carbon dioxide and water, making it an eco-friendly material.

High Mechanical Strength: PGA has remarkable tensile strength, which makes it suitable for demanding applications like medical sutures and industrial components.

Thermal Stability: It has a melting point of approximately 225–230°C, allowing it to be used in high-temperature applications.

Hydrolytic Degradation: PGA degrades in the presence of water, breaking down into glycolic acid, which is metabolized by the human body or microorganisms in the environment.

Applications of PGA

Medical Field:

Absorbable Sutures: PGA is widely used for surgical sutures due to its predictable degradation and biocompatibility.

Drug Delivery Systems: Used as a carrier material for controlled drug release.

Tissue Engineering: Acts as a scaffold material for regenerative medicine.

Packaging:

Used to create biodegradable food packaging materials, including films and containers.

Oil and Gas Industry:

PGA is employed in shale gas extraction as dissolvable frac plugs, which enhance recovery efficiency and reduce environmental impact.

Agricultural Applications:

Utilized in controlled-release fertilizers to minimize nutrient runoff and improve crop yield.

How is PGA Made?

The most common production method is ring-opening polymerization, where glycolide, a cyclic dimer of glycolic acid, is polymerized under controlled conditions with the help of catalysts. This method allows for precise control of molecular weight and polymer properties.

Why is PGA Important?

Eco-Friendly Solutions: With growing concerns about plastic pollution, PGA provides a sustainable alternative to conventional plastics.

Advancement in Medicine: Its biocompatibility and safety profile make it indispensable in surgical and therapeutic applications.

Industrial Efficiency: Its use in high-performance industrial applications, such as frac plugs, demonstrates its versatility.

Market Drivers

Biodegradability and Environmental Concerns: Rising awareness of plastic pollution has amplified the demand for biodegradable materials like PGA, especially in packaging and agricultural applications.

Medical Sector Growth: PGA is a preferred material for absorbable sutures and other medical devices due to its biocompatibility and safe degradation profile.

Industrial Applications: The use of PGA in shale gas extraction as a high-performance frac plug material is expanding the market scope.

Market Restraints

High Production Costs: Manufacturing PGA involves complex processes, leading to higher costs that may limit adoption in price-sensitive industries.

Limited Awareness: Inadequate knowledge about PGA’s benefits and applications in some regions hampers market growth.

Key Applications

Medical:

Absorbable sutures

Tissue regeneration scaffolds

Drug delivery systems

Packaging:

Biodegradable films

Food packaging solutions

Oil and Gas:

Fracturing plugs for enhanced shale gas recovery

Agriculture:

Controlled-release fertilizers

Regional Insights

North America: Dominates the market due to robust healthcare infrastructure and advancements in shale gas extraction.

Europe: Driven by stringent environmental regulations and increasing use of biodegradable packaging materials.

Asia-Pacific: Rapid growth due to expanding healthcare and packaging industries, particularly in China and India.

Latin America and MEA: Emerging markets with potential for growth in agricultural and industrial applications.

Market Trends in the Polyglycolic Acid (PGA) Market

Increased Demand for Biodegradable Polymers

Eco-Friendly Packaging: Rising consumer and regulatory focus on sustainable and biodegradable materials has driven PGA’s adoption in food packaging and other consumer goods.

Plastic Pollution Reduction: PGA’s ability to decompose rapidly in natural environments aligns with global sustainability goals, positioning it as a preferred alternative to traditional plastics.

Growing Medical Applications

Advances in Biocompatible Materials: PGA continues to see innovation in absorbable medical devices, such as sutures, stents, and scaffolds for tissue engineering.

Controlled Drug Delivery: The medical industry is exploring PGA’s potential for drug encapsulation and timed release.

Innovation in Industrial Uses

Shale Gas Recovery: Use of PGA in frac plugs has gained traction due to its high strength, chemical resistance, and complete degradation, which simplifies the recovery process and reduces environmental impact.

High-Performance Engineering Materials: Research is ongoing to improve PGA’s properties for demanding industrial applications.

Regional Expansion

Asia-Pacific Growth: Rapid industrialization, expanding healthcare systems, and increased environmental awareness are fueling demand for PGA in countries like China, Japan, and India.

Regulatory Support in Europe: European Union policies promoting biodegradable materials have led to increased production and adoption of PGA in packaging and agriculture.

Cost Optimization and Production Advancements

Research into Cost-Effective Synthesis: Efforts are being made to simplify production processes and reduce costs, such as the development of new catalysts for polymerization.

Scaling Up Production: Manufacturers are expanding production capacities to meet the rising global demand for PGA across various sectors.

Strategic Collaborations and Partnerships

Companies are forming alliances with research institutions to innovate new applications and improve production technologies.

Partnerships with packaging and medical device manufacturers are helping expand PGA’s market reach.

Consumer Awareness and Market Education

Increased efforts in educating consumers and industries about the benefits and applications of PGA are enhancing market penetration.

Marketing campaigns emphasizing PGA’s environmental benefits are driving consumer demand, especially in eco-conscious regions.

Integration of Circular Economy Principles

Manufacturers are focusing on ensuring that the production, use, and disposal of PGA align with circular economy principles, emphasizing reuse and minimal environmental footprint..

Competitive Landscape

Key players in the market include:

Kureha Corporation: A pioneer in PGA production, particularly for medical and packaging applications.

Corbion: Focuses on bio-based solutions, including PGA for sustainable applications.

Shenzhen Polymtek Biomaterial Co., Ltd.: Specializes in biodegradable polymers, including PGA.

DuPont: Research and development efforts to enhance PGA’s performance in industrial uses.

Future Projections

Market Value: The global PGA market is projected to grow at a CAGR of 8-10% from 2023 to 2030.

Growth Drivers: Increasing adoption in medical, packaging, and industrial sectors, coupled with advancements in polymer science.

Challenges: Addressing production cost barriers and expanding applications in untapped markets.

Polyglycolic Acid (PGA) Market Segments

By Form Type

Fibers

Films

Others

By End-Use Type

Medical

Oil & Gas

Packaging

Others

Polyglycolic Acid (PGA) Market Players

Kureha Corporation

Corbion

Shenzhen Polymtek Biomaterial Co, Ltd.

BMG Incorporated

Huizhou Foryou Medical Devices Co., Ltd.

Teleflex Incorporated

Others

Table Of Content

1. Executive Summary

2. Polyglycolic Acid Market Overview and Segmentation

2.1. Introduction

2.2. Market Classification

2.2.1. By Form Type

2.2.2. By End-Use Industry Type

2.2.3. By Region

2.3. Supply Chain Analysis

2.4. Industry Life Cycle Analysis

2.5. PEST Analysis

2.6. SWOT Analysis

3. Polyglycolic Acid Market Assessment

3.1. Key Insights

3.2. Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

3.3. Profitability Analysis

3.4. Market Segments’ Analysis (US$ Million and Million Lbs.)

3.5. Regional and Country-Level Analysis (US$ Million and Million Lbs.)

3.6. Market Drivers

3.7. Market Challenges

3.8. Industry Personnel/Experts’ Opinion

4. Competitive Analysis

4.1. Key Insights

4.2. Product Portfolio Analysis

4.3. Geographical Presence

4.4. New Product Launches

4.5. Strategic Alliances

4.6. Market Share Analysis

4.7. Porter’s Five Forces Analysis

5. Polyglycolic Acid Market Trend and Forecast by Form Type

5.1. Key Insights

5.2. Fibers: Regional Trend and Forecast (US$ Million and Million Lbs.)

5.3. Films: Regional Trend and Forecast (US$ Million and Million Lbs.)

5.4. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)

5.4.1. Form Type Trend and Forecast (US$ Million and Million Lbs.)

6. Polyglycolic Acid Market Trend and Forecast by End-Use Industry Type

6.1. Key Insights

6.2. Medical: Regional Trend and Forecast (US$ Million and Million Lbs.)

6.3. Oil & Gas: Regional Trend and Forecast (US$ Million and Million Lbs.)

6.4. Packaging: Regional Trend and Forecast (US$ Million and Million Lbs.)

6.5. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)

7. Polyglycolic Acid Market Trend and Forecast by Region

7.1. Key Insights

7.2. North American Polyglycolic Acid Market Analysis

7.2.1. Country Analysis: Trend and Forecast (US$ Million and Million Lbs.)

7.2.1.1. The USA’s Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.2.1.2. Canadian Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.2.1.3. Mexican Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.3. European Polyglycolic Acid Market Analysis

7.3.1. Country Analysis: Trend and Forecast (US$ Million and Million Lbs.)

7.3.1.1. German Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.3.1.2. French Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.3.1.3. The UK’s Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.3.1.4. Russian Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.3.1.5. Spanish Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.3.1.6. RoE’s Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.4. Asia-Pacific’s Polyglycolic Acid Market Analysis

7.4.1. Country Analysis: Trend and Forecast (US$ Million and Million Lbs.)

7.4.1.1. Chinese Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.4.1.2. Japanese Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.4.1.3. Indian Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.4.1.4. South Korean Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.4.1.5. RoAP’s Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.5. Rest of the World’s (RoW) Polyglycolic Acid Market Analysis

7.5.1. Sub-Region Analysis: Trend and Forecast (US$ Million and Million Lbs.)

7.5.1.1. Latin American Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.5.1.2. The Middle Eastern Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

7.5.1.3. Others’ Polyglycolic Acid Market Trend and Forecast (US$ Million and Million Lbs.)

8. Strategic Growth Opportunities

8.1. Key Insights

8.2. Market Attractiveness Analysis

8.2.1. Market Attractiveness by Form Type

8.2.2. Market Attractiveness by End-Use Industry Type

8.2.3. Market Attractiveness by Region

8.2.4. Market Attractiveness by Country

8.3. Emerging Trends

8.4. Growth Matrix Analysis

8.5. Key Success Factors

9. Company Profile of Key Players (Profiling, Financial Information, Competition, Strategies, etc.)

9.1. BASF SE

9.2. BMG Incorporated

9.3. Corbion

9.4. DowDuPont

9.5. Foryou Medical

9.6. Kureha Corporation

9.7. Shenzhen Polymtek Biomaterial Co., Ltd.

9.8. SK Chemicals

9.9. Teleflex Incorporated

9.10. Toray Industries, Inc.