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Polyglycolic Acid Global Market By Type, By Grade, By Purity, By Application, By Form, By End User, By Region And Segment Forecast 2023-2032 | Kureha Corporation, Corbion NV, BASF SE, Merck KGaA, Hitachi Limited
Polyglycolic Acid Market Size, Growth Rate, And Forecast
The global polyglycolic acid market size 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 size is expected to grow to $6.89 billion in 2027 at a CAGR of 9.6%.
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Polyglycolic Acid Market Drivers
Increasing demand in the packaging industry is expected to propel the growth of the 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, cosmetics, and personal care.
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Polyglycolic Acid Market Segments
• By Form: Films, Fibers, Other Forms
• By Distribution Channel: Online, Offline
• By Industry: Pharmaceutical, Oil and Gas, Packaging, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the polyglycolic acid market.
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Polyglycolic Acid Market Key Players
Major competitors in the polyglycolic acid market include 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 Business Research Company's "Global Polyglycolic Acid Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high-level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Polyglycolic Acid Market Include:
1. Executive Summary
2. Polyglycolic Acid Market Characteristics
3. Polyglycolic Acid Market Trends And Strategies
4. Polyglycolic Acid Market - Macro Economic Scenario
5. Polyglycolic Acid Market Size And Growth
.....
26. Africa Polyglycolic Acid Market
27. Polyglycolic Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyglycolic Acid Market
29. Polyglycolic Acid Market Future Outlook and Potential Analysis
30. Appendix
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