Chemicals

Polyglycolic Acid Global Market Report 2023 | Market Size, Trends, And Global Forecast 2023-2032 | Kureha Corporation, Corbion NV, Shenzhen Polymtek Biomaterial Co Limited, BMG Incorporated, Huizhou Foryou Medical Devices Co Limited

The Business Research Company’s Polyglycolic Acid Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Polyglycolic Acid Global Market Report 2023 evaluates polyglycolic acid market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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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%.

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. 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 polymer research, the packaging industry 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.

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The Polyglycolic Acid Market Segments In The Report Are:

Polyglycolic Acid By Form:
Films
Fibers
Other Forms

Polyglycolic Acid By Distribution Channel:
Online
Offline

Polyglycolic Acid By Industry:
Pharmaceutical
Oil and Gas
Packaging
Other Industries

Top Key Players:
Kureha Corporation
Corbion NV
Shenzhen Polymtek Biomaterial Co Limited
BMG Incorporated
Huizhou Foryou Medical Devices Co Limited

The table of contents in TBRC’s polyglycolic acid market report includes:

1. Executive Summary
2. Polyglycolic Acid Market Characteristics
3. Polyglycolic Acid Market Trends And Strategies
4. Polyglycolic Acid Market – Macro Economic Scenario
5. Global Polyglycolic Acid Historic Market, 2017-2022, $ Billion
…..
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

List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion

Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion

Table 3: Global Polyglycolic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 4: Global Polyglycolic Acid Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 5: Global Polyglycolic Acid Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 46: Kureha Corporation Financial Performance

Table 47: Corbion NV Financial Performance

Table 48: Shenzhen Polymtek Biomaterial Co Limited Financial Performance

Table 49: BMG Incorporated Financial Performance

Table 50: Huizhou Foryou Medical Devices Co Limited Financial Performance

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