Global Market Size, Forecast, and Trend Highlights Over 2025-2037
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.
Polyglycolic Acid Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for PGA Sutures – Polyglycolic acid sutures are synthetic surgical sutures and have high great absorbent power. Moreover, they are much better than collagen-absorbable sutures and have greater flexibility and strength, and have a lower reaction with open tissues.
- Rising Expansion of the Oil & Gas Industry – During the well-stimulation operation, polyglycolic acid is used as a component in fracturing fluids. It reduced the amount of pressure to the required levels that are used to inject fluid into the oil well.
- Increasing Consumption of Packaged Bottles – Globally humans use over 1 million plastic bottles every minute. PGA is a high-quality polyester resin; they are usually combined with polyethylene terephthalate (PET) to produce high-quality with great performance films and bottles. It increases the shelf life which makes the process of distribution and supply of liquids more efficient.
Challenges
- High Cost of Production will Hamper the Polyglycolic Acid Market Growth – So far, there are no manufacturing techniques available in the market, that can make the production of polyglycolic acid cost-effective. Therefore, the large-scale production of polyglycolic acid becomes unfeasible and it directly affects the scalability of the industry. Moreover, PGA is produced by the process of ring-opening polymerization, which requires carefully controlled temperature, pressure, and catalyst concentration, which further makes the scaling even more challenging.
- Low awareness of its benefits
- High rate of degradation
Polyglycolic Acid Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
10.1% |
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Base Year Market Size (2024) |
USD 4.84 billion |
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Forecast Year Market Size (2037) |
USD 16.91 billion |
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Regional Scope |
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Polyglycolic Acid Segmentation
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:
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Form |
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End User |
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Customize this ReportPolyglycolic Acid Industry - Regional Synopsis
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.
Companies Dominating the Global Polyglycolic Acid Landscape
- Kureha Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Corbion NV
- Shenzhen Polymtek Biomaterial Co. Ltd.
- BMG Incorporated
- HuizhoForyou Medical Devices Co., Ltd.
- Teleflex Incorporated
- Du Pont de Nemours, Inc.
- Foster Group, Inc.
- Samyang Holdings Biopharma Group
- Ethicon Inc.
In the News
- Ethicon Inc. part of Johnson & Johnson Medical Devices Company announced the approval from NICE Medical Technologies guidance to become the first ever sutures with antibacterial protection that are suitable for application in National Health Service.
- Teleflex Incorporated came in agreement with W.L. Gore & Associates, Inc. to employ Gore's GORE SEAMGUARD Bioabsorbable Staple Line Reinforcement material in a Teleflex-designed staple line reinforcement device for use with the Titan SGS® Powered Stapling Device.
Author Credits: Rajrani Baghel
- Report ID: 4958
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
