Global Polyglycolic Acid (PGA) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Coated and Uncoated.

By Form;

Fibers, Films, and Others.

By Process;

Direct Polycondensation of Lactic & Glycolic Acids, Ring-Opening Polymerization of The Cyclic Lactide, and Glycolide Dimers.

By Application;

Drug Delivery, Tissue Engineering, Regeneration of Phrenic Nerve, and Others.

By End-Use;

Medical, Oil & Gas, Packaging, Textile, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn929270605 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Polyglycolic Acid (PGA) Market (USD Million), 2021 - 2031

In the year 2024, the Global Polyglycolic Acid (PGA) Market was valued at USD 5,938.91 million. The size of this market is expected to increase to USD 10,445.08 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.4%.

The global market for Polyglycolic Acid (PGA) has experienced significant growth due to its versatile applications across various industries, ranging from medical and pharmaceutical sectors to packaging and textiles. PGA is a biodegradable polymer known for its high tensile strength, stiffness, and excellent gas barrier properties, making it a preferred choice for numerous applications where biocompatibility and sustainability are paramount.

In the medical field, PGA is extensively used in surgical sutures and meshes due to its absorbable nature and ability to degrade harmlessly within the body over time. This characteristic reduces the need for secondary surgeries to remove non-absorbable materials and enhances patient recovery outcomes. The pharmaceutical industry utilizes PGA in drug delivery systems, such as microspheres and nanoparticles, where controlled release and biodegradability are critical for enhancing therapeutic efficacy.

PGA's role extends into the food packaging industry, where its barrier properties help extend shelf life by preventing oxygen and moisture ingress. In textiles, PGA fibers are utilized for their strength and durability, offering a sustainable alternative to traditional materials. As environmental concerns continue to drive demand for eco-friendly products, PGA's biodegradability and recyclability position it favorably in these markets. The global PGA market is poised for further expansion as advancements in polymer technology and increasing adoption of sustainable materials drive innovation and market penetration. With ongoing research and development efforts focusing on enhancing PGA's properties and expanding its applications, the market is expected to witness continued growth across diverse sectors in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type

    2. Market Snapshot, By Form

    3. Market Snapshot, By Process

    4. Market Snapshot, By Application
    5. Market Snapshot, By End-Use
    6. Market Snapshot, By Region
  4. Global Polyglycolic Acid (PGA) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Innovation in Applications
        2. Increasing Demand
        3. Technological Advancements
      2. Restraints
        1. High Production Costs
        2. Environmental Concerns
        3. Regulatory Challenges
      3. Opportunities
        1. Emerging Economies
        2. Biomedical Applications
        3. Sustainable Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Polyglycolic Acid (PGA) Market, By Type, 2021 - 2031 (USD Million)
      1. Coated
      2. Uncoated
    2. Global Polyglycolic Acid (PGA) Market, By Form, 2021 - 2031 (USD Million)
      1. Fibers
      2. Films
      3. Others
    3. Global Polyglycolic Acid (PGA) Market, By Process, 2021 - 2031 (USD Million)
      1. Direct Polycondensation of Lactic and Glycolic Acids

      2. Ring-Opening Polymerization of The Cyclic Lactide

      3. Glycolide Dimers

    4. Global Polyglycolic Acid (PGA) Market, By Application, 2021 - 2031 (USD Million)
      1. Drug Delivery
      2. Tissue Engineering
      3. Regeneration of Phrenic Nerve
      4. Others
    5. Global Polyglycolic Acid (PGA) Market, By End-Use, 2021 - 2031 (USD Million)
      1. Medical
      2. Oil & Gas
      3. Packaging
      4. Textile
      5. Others
    6. Global Polyglycolic Acid (PGA) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kureha Corporation
      2. Corbion, Shenzhen Polymtek Biomaterial Co. Ltd
      3. BMG Incorporated
      4. HuizhoForyou Medical Devices Co. Ltd
      5. Teleflex
      6. EI du Pont de Nemours
      7. Foster Corporation
      8. Samyang Biopharmaceuticals
      9. Meta Biomed Co. Ltd
  7. Analyst Views
  8. Future Outlook of the Market