Polyglycolic Acid Market size was valued at USD 4.84 billion in 2024 and is set to exceed USD 16.91 billion by 2037, registering over 10.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polyglycolic acid is evaluated at USD 5.65 billion.
The market growth is due to rising awareness of sustainable packaging materials. 67% of consumers in the world believe it is critical that the products they purchase come in recyclable packaging. PGA can be used to produce compostable bags and pouches and it can be a great alternative to traditional plastic bags.
Furthermore, the growing popularity of 3D printing is also augmenting the polyglycolic acid market demand. Polyglycolic acid is used as a filament material in fused deposition modeling (FDM), a most popular 3D printing technique. Moreover, in comparison to other polymers polylactic acid (PLA) in 3d printing, polyglycolic acid is found to be more brittle.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
10.1% |
Base Year Market Size (2024) |
USD 4.84 billion |
Forecast Year Market Size (2037) |
USD 16.91 billion |
Regional Scope |
|
End User (Medical, Oil & Gas, Packaging, Agriculture)
The medical end-user segment is expected to acquire around 40% polyglycolic acid market share in the year 2037. Rising cases of road accidents are significantly the demand for medical sutures. Every year, around 1.3 million people lose their lives due to a traffic accident.
Poly glycolic acid sutures are a biodegradable polymer that makes it safe for securing the open wound, and it eliminates the need for suture removal by getting dissolved in the body over the period. Other than this, PGA is also used in the medical sector in developing drug delivery systems, especially for sustained drug release.
Form (Fibers, Films)
Fibers form segment is set to gain the largest market share of about 60% till 2037. The fiber form of PGA has great mechanical properties, such as high retardancy to abrasion, tensile strength, and modulus.
The growth of the segment is supported by its high utilization in various industries, such as textiles, geotextiles, medical sutures, composites, and others. Apart from this, polyglycolic acid fibers can be combined with other materials to create great composite materials for automotive, aerospace, and sports equipment.
Our in-depth analysis of the global market includes the following segments:
Form |
|
End User |
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North American Market Forecast
North America industry is likely to dominate majority revenue share of 37% by 2037. Growing cases of cardiac surgery and other surgeries are increasing the need for sutures and better drug delivery systems which in turn is likely to drive the market growth. Every year, around 500,000 open heart operations are conducted in the United States. In cardiac surgery, the sutures need to be dissolved themselves after the surgery for this purpose the polyglycolic acid sutures become increasingly important.
APAC Market Statistics
Asia Pacific polyglycolic acid market will be the second largest, gaining a share of nearly 26% by the end of 2037. Rising exploration operations and increased development of sedimentary rock gas extraction, such as shale gas. In 2021, around 23 million cubic meters of shale gas were produced in China, an increase of around 21% year on year since 2017. Polyglycolic acid is used in the formation of fracture plugs that are placed in the wellbore to isolate different shales and enable gas pipeline infrastructure for uninterrupted gas extraction.
Author Credits: Rajrani Baghel
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