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Polyglycolic Acid Global Market Report 2023

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    • Corbion NV
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KSA 23.05.04

“Polyglycolic Acid Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on polyglycolic acid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for polyglycolic acid? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The polyglycolic acid market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

  • 1) By Form: Films; Fibers; Other Forms
  • 2) By Distribution Channel: Online; Offline
  • 3) By Industry: Pharmaceutical; Oil and Gas; Packaging; Other Industries
  • Companies Mentioned: Kureha Corporation; Corbion NV; Shenzhen Polymtek Biomaterial Co Limited; BMG Incorporated; Huizhou Foryou Medical Devices Co Limited
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the polyglycolic acid market are: Kureha Corporation, Corbion NV, Shenzhen Polymtek Biomaterial Co Limited, BMG Incorporated, Huizhou Foryou Medical Devices Co Limited, Teleflex Incorporated, Unisur Lifecare Private Limited, Meta Biomed Co Limited, Samyang Biopharm Corporation, Merck KGaA, Hitachi Limited, DuPont de Nemours Inc., BASF SE, Boen Healthcare Co Limited, Evonik Industries AG, Shanghai Pujing Chemical Technology Co Limited, Danhua Chemical Technology Co Limited, Orion Sutures India Private Limited, Shandong Haidike Medical Products Co Limited, Advanced Medical Solutions Group PLC, Lotus Surgicals Private Limited, LUX Sutures, and Biomaterial Co Limited.

The global polyglycolic acid market is expected to grow from $4.34 billion in 2022 to $4.78 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The polyglycolic acid market is expected to grow to $6.89 billion in 2027 at a CAGR of 9.6%.

The polyglycolic acid market consists of sales of industrial-grade and medical-grade polyglycolic acid. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Polyglycolic acid are the polymers degraded by chemical hydrolysis, asynthetic absorbable surgical suture of greater strength and flexibility which is absorbed and metabolized by the human body and have a longer period of absorption which results in very little inflammatory reaction. The polyglycolic acid are used in general surgery, plastic surgery and general closure, ligatures, pediatrics and cuticular.

North America was the largest region in the polyglycolic acid market in 2022. The regions covered in the polyglycolic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of forms of polyglycolic acid are films, fibers, and other forms. The films form of polyglycolic acid are biodegradable and biocompatible polymers. The films are morphologically characterized and exhibit a homogeneous distribution of titanium oxide (TiO2) with only slight differences depending on the molecular weight and have the ability to absorb water because of their hygroscopicity, and anatase material properties. These are distributed through online and offline channels and are adopted by industries such as pharmaceutical, oil and gas, packaging, and other industries.

Increasing demand in the packaging industry is expected to propel the growth of polyglycolic acid market. Packaging used for branding and as an extra measure of protection for the food products is in high demand from several end-use industries such as healthcare, food, cosmetic and personal care industries. The polyglycolic acid is highly preferred in high-gas barrier packaging applications. For Instance, in 2020, according to a report published by Advanced Industrial and Engineering Polymer Research, a journal in the polymer research, the packaging industry has increased the demand for the PGA market by around USD 240 million in 2017 and is estimated to be around USD 470 million by 2024, with an annual growth rate of 10%. Therefore, increasing demand in the packaging industry is driving the polyglycolic acid market growth.

Product innovations in food packaging are a key trend gaining popularity in the polyglycolic acid market. Key players operating in the polyglycolic acid market are focusing on the development of sustainable packaging to strengthen their position in the market. For instance, in May 2021. Ali Food, an India-based manufacturer and exporters of dehydrated onion, garlic and other vegetable products, introduced the RefuCoat consisting of polyglycolic acid and modified silica oxide as an alternative to the current metalized and modified atmosphere (MAP) to achieve a zero-waste target while minimizing the environmental impact.

In December 2020, Evonik Industries AG, a Germany-based specialty chemicals company acquired the LACTEL Absorbable Polymers product line from DURECT Corporation for an undisclosed amount. The acquisition strengthens Evonik's position as a preferred solutions provider and development partner. LACTEL is a biodegradable, PLGA-based polymer. DURECT Corporation is a US-based biopharmaceutical company.

The countries covered in the polyglycolic acid market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The polyglycolic acid market research report is one of a series of new reports from The Business Research Company that provides polyglycolic acid market statistics, including polyglycolic acid industry global market size, regional shares, competitors with a polyglycolic acid market share, detailed polyglycolic acid market segments, market trends and opportunities, and any further data you may need to thrive in the polyglycolic acid industry. This polyglycolic acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Table of Contents

1. Executive Summary

2. Polyglycolic Acid Market Characteristics

3. Polyglycolic Acid Market Trends And Strategies

4. Polyglycolic Acid Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Polyglycolic Acid Market
  • 4.2. Ukraine-Russia War Impact On Polyglycolic Acid Market
  • 4.3. Impact Of High Inflation On Polyglycolic Acid Market

5. Polyglycolic Acid Market Size And Growth

  • 5.1. Global Polyglycolic Acid Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Polyglycolic Acid Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Polyglycolic Acid Market Segmentation

  • 6.1. Global Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Films
  • Fibers
  • Other Forms
  • 6.2. Global Polyglycolic Acid Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Online
  • Offline
  • 6.3. Global Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Pharmaceutical
  • Oil And Gas
  • Packaging
  • Other Industries

7. Polyglycolic Acid Market Regional And Country Analysis

  • 7.1. Global Polyglycolic Acid Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Polyglycolic Acid Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Polyglycolic Acid Market

  • 8.1. Asia-Pacific Polyglycolic Acid Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Polyglycolic Acid Market

  • 9.1. China Polyglycolic Acid Market Overview
  • 9.2. China Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Polyglycolic Acid Market

  • 10.1. India Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Polyglycolic Acid Market

  • 11.1. Japan Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Polyglycolic Acid Market

  • 12.1. Australia Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Polyglycolic Acid Market

  • 13.1. Indonesia Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Polyglycolic Acid Market

  • 14.1. South Korea Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Polyglycolic Acid Market

  • 15.1. Western Europe Polyglycolic Acid Market Overview
  • 15.2. Western Europe Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Polyglycolic Acid Market

  • 16.1. UK Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Polyglycolic Acid Market

  • 17.1. Germany Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Polyglycolic Acid Market

  • 18.1. France Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Polyglycolic Acid Market

  • 19.1. Eastern Europe Polyglycolic Acid Market Overview
  • 19.2. Eastern Europe Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Polyglycolic Acid Market

  • 20.1. Russia Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Polyglycolic Acid Market

  • 21.1. North America Polyglycolic Acid Market Overview
  • 21.2. North America Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Polyglycolic Acid Market

  • 22.1. USA Polyglycolic Acid Market Overview
  • 22.2. USA Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Polyglycolic Acid Market

  • 23.1. South America Polyglycolic Acid Market Overview
  • 23.2. South America Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Polyglycolic Acid Market

  • 24.1. Brazil Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Polyglycolic Acid Market

  • 25.1. Middle East Polyglycolic Acid Market Overview
  • 25.2. Middle East Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Polyglycolic Acid Market

  • 26.1. Africa Polyglycolic Acid Market Overview
  • 26.2. Africa Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Polyglycolic Acid Market Competitive Landscape And Company Profiles

  • 27.1. Polyglycolic Acid Market Competitive Landscape
  • 27.2. Polyglycolic Acid Market Company Profiles
    • 27.2.1. Kureha Corporation
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Corbion NV
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Shenzhen Polymtek Biomaterial Co Limited
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. BMG Incorporated
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Huizhou Foryou Medical Devices Co Limited
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Polyglycolic Acid Market

29. Polyglycolic Acid Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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