Polyglycolic Acid Market Size

Polyglycolic Acid Market size was over USD 4.4 Billion in 2023 and is poised to cross USD 15.37 Billion by 2036, witnessing more than 10.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of polyglycolic acid is evaluated at USD 4.8 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.