Asia Pacific Polyglycolic Acid Market Size, Share & Trends Analysis Report By Form (Fibers, Films and Others), By End User (Medical, Oil & Gas, Packaging, and Others), By Country and Growth Forecast, 2024 - 2031

The Asia Pacific Polyglycolic Acid Market would witness market growth of 10.5% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 11,114.4 tonnes, showcasing a growth of 19.7% (2019-2022).

The Oil & Gas end-user industry is increasingly exploring the potential of Polyglycolic Acid (PGA) in various applications, driven by its unique properties and environmental advantages. PGA's high strength, chemical resistance, and biodegradability make it a promising material for several key areas within the industry. Thus, the China market would utilize 1,806.6 tonnes of Polyglycolic Acid in Oil & Gas end-user industry by 2031.

The China market dominated the Asia Pacific Polyglycolic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $711.9 million by 2031. The Japan market is registering a CAGR of 9.8% during (2024 - 2031). Additionally, The India market would capture a CAGR of 11.2% during (2024 - 2031).

The rising healthcare sector in this region has played a significant role in expanding the demand for polyglycolic acid (PGA) due to its diverse applications in medical devices, surgical procedures, and drug delivery systems. As per the data from the Government of Australia, In 2021–22, the nation reportedly spent $241.3 billion on health products and services, or roughly $9,365 per person on average. Inflation-adjusted real growth in total health expenditures (recurrent and capital) was 6.0% higher than in 2020–21.

Furthermore, polyglycolic acid's utility extends to agricultural applications, producing biodegradable mulch films, soil stabilization mats, and crop protection nets. These agricultural applications leverage PGA's biodegradability to reduce plastic waste in farming practices while providing effective soil erosion control and crop protection solutions. PGA-based crop protection nets safeguard crops from pests, birds, and adverse weather conditions while allowing air, light, and moisture to penetrate. These nets provide a physical barrier to protect crops without the need for chemical pesticides or harmful synthetic materials.

Australia has a growing awareness of environmental issues, particularly plastic pollution and waste management. Consumers increasingly seek eco-friendly alternatives to traditional plastic packaging, driving demand for biodegradable and compostable materials like PGA. The packaging industry in Australia is responding to this demand by exploring sustainable packaging solutions that minimize environmental impact.

As per the Government of Australia, in 2018, Australia established the ambitious 2025 National Packaging Targets. One of the targets was to achieve 100% of packaging being reusable, recyclable, or compostable by 2025. Hence, the growing packaging and agriculture sector in the Asia Pacific will pose lucrative growth prospects for the regional polyglycolic acid market.

Free Valuable Insights: The Global Polyglycolic Acid Market is Predict to reach USD 11.2 Billion by 2031, at a CAGR of 9.6%

Based on Form, the market is segmented into Fibers, Films and Others. Based on End User, the market is segmented into Medical, Oil & Gas, Packaging, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

• BMG Incorporated
• Huizhou Foryou Medical Devices Co., Ltd. (GL Capital Group)
• Unisur Lifecare Pvt Ltd
• Orion Sutures India Pvt Ltd
• Kureha Corporation
• Shenzhen Polymtek Biomaterial Co., Ltd
• Haihang Industry Co., Ltd. (Haihang Group)
• Polysciences, Inc.
• Teleflex Incorporated
• Merck KGaA

Asia Pacific Polyglycolic Acid Market Report Segmentation

By Form (Volume, Tonnes, USD Billion, 2020-2031)

• Fibers
• Films
• Others

By End User (Volume, Tonnes, USD Billion, 2020-2031)

• Medical
• Oil & Gas
• Packaging
• Others

By Country (Volume, Tonnes, USD Billion, 2020-2031)

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Polyglycolic Acid Market, by Form
1.4.2 Asia Pacific Polyglycolic Acid Market, by End User
1.4.3 Asia Pacific Polyglycolic Acid Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. Asia Pacific Polyglycolic Acid Market by Form
4.1 Asia Pacific Fibers Market by Country
4.2 Asia Pacific Films Market by Country
4.3 Asia Pacific Others Market by Country

Chapter 5. Asia Pacific Polyglycolic Acid Market by End-user
5.1 Asia Pacific Medical Market by Country
5.2 Asia Pacific Oil & Gas Market by Country
5.3 Asia Pacific Packaging Market by Country
5.4 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific Polyglycolic Acid Market by Country
6.1 China Polyglycolic Acid Market
6.1.1 China Polyglycolic Acid Market by Form
6.1.2 China Polyglycolic Acid Market by End-user
6.2 Japan Polyglycolic Acid Market
6.2.1 Japan Polyglycolic Acid Market by Form
6.2.2 Japan Polyglycolic Acid Market by End-user
6.3 India Polyglycolic Acid Market
6.3.1 India Polyglycolic Acid Market by Form
6.3.2 India Polyglycolic Acid Market by End-user
6.4 South Korea Polyglycolic Acid Market
6.4.1 South Korea Polyglycolic Acid Market by Form
6.4.2 South Korea Polyglycolic Acid Market by End-user
6.5 Singapore Polyglycolic Acid Market
6.5.1 Singapore Polyglycolic Acid Market by Form
6.5.2 Singapore Polyglycolic Acid Market by End-user
6.6 Malaysia Polyglycolic Acid Market
6.6.1 Malaysia Polyglycolic Acid Market by Form
6.6.2 Malaysia Polyglycolic Acid Market by End-user
6.7 Rest of Asia Pacific Polyglycolic Acid Market
6.7.1 Rest of Asia Pacific Polyglycolic Acid Market by Form
6.7.2 Rest of Asia Pacific Polyglycolic Acid Market by End-user

Chapter 7. Company Profiles
7.1 BMG Incorporated
7.1.1 Company Overview
7.2 Huizhou Foryou Medical Devices Co., Ltd. (GL Capital Group)
7.2.1 Company Overview
7.3 Unisur Lifecare Pvt Ltd
7.3.1 Company Overview
7.4 Orion Sutures India Pvt Ltd
7.4.1 Company Overview
7.5 Kureha Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.5.4 SWOT Analysis
7.6 Shenzhen Polymtek Biomaterial Co., Ltd.
7.6.1 Company Overview
7.7 Haihang Industry Co., Ltd. (Haihang Group)
7.7.1 Company Overview
7.8 Polysciences, Inc.
7.8.1 Company Overview
7.9 Teleflex Incorporated
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Merck KGaA
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis

TABLE 1 Asia Pacific Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 4 Asia Pacific Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 5 Asia Pacific Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 8 Asia Pacific Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 9 Asia Pacific Fibers Market by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Fibers Market by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Fibers Market by Country, 2020 - 2023, Tonnes
TABLE 12 Asia Pacific Fibers Market by Country, 2024 - 2031, Tonnes
TABLE 13 Asia Pacific Films Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Films Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Films Market by Country, 2020 - 2023, Tonnes
TABLE 16 Asia Pacific Films Market by Country, 2024 - 2031, Tonnes
TABLE 17 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2020 - 2023, Tonnes
TABLE 20 Asia Pacific Others Market by Country, 2024 - 2031, Tonnes
TABLE 21 Asia Pacific Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 24 Asia Pacific Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 25 Asia Pacific Medical Market by Country, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Medical Market by Country, 2024 - 2031, USD Million
TABLE 27 Asia Pacific Medical Market by Country, 2020 - 2023, Tonnes
TABLE 28 Asia Pacific Medical Market by Country, 2024 - 2031, Tonnes
TABLE 29 Asia Pacific Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 30 Asia Pacific Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 31 Asia Pacific Oil & Gas Market by Country, 2020 - 2023, Tonnes
TABLE 32 Asia Pacific Oil & Gas Market by Country, 2024 - 2031, Tonnes
TABLE 33 Asia Pacific Packaging Market by Country, 2020 - 2023, USD Million
TABLE 34 Asia Pacific Packaging Market by Country, 2024 - 2031, USD Million
TABLE 35 Asia Pacific Packaging Market by Country, 2020 - 2023, Tonnes
TABLE 36 Asia Pacific Packaging Market by Country, 2024 - 2031, Tonnes
TABLE 37 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 38 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 39 Asia Pacific Others Market by Country, 2020 - 2023, Tonnes
TABLE 40 Asia Pacific Others Market by Country, 2024 - 2031, Tonnes
TABLE 41 Asia Pacific Polyglycolic Acid Market by Country, 2020 - 2023, USD Million
TABLE 42 Asia Pacific Polyglycolic Acid Market by Country, 2024 - 2031, USD Million
TABLE 43 Asia Pacific Polyglycolic Acid Market by Country, 2020 - 2023, Tonnes
TABLE 44 Asia Pacific Polyglycolic Acid Market by Country, 2024 - 2031, Tonnes
TABLE 45 China Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 46 China Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 47 China Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 48 China Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 49 China Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 50 China Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 51 China Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 52 China Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 53 China Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 54 China Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 55 China Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 56 China Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 57 Japan Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 58 Japan Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 59 Japan Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 60 Japan Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 61 Japan Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 62 Japan Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 63 Japan Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 64 Japan Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 65 Japan Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 66 Japan Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 67 Japan Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 68 Japan Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 69 India Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 70 India Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 71 India Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 72 India Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 73 India Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 74 India Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 75 India Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 76 India Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 77 India Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 78 India Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 79 India Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 80 India Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 81 South Korea Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 82 South Korea Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 83 South Korea Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 84 South Korea Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 85 South Korea Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 86 South Korea Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 87 South Korea Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 88 South Korea Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 89 South Korea Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 90 South Korea Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 91 South Korea Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 92 South Korea Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 93 Singapore Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 94 Singapore Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 95 Singapore Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 96 Singapore Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 97 Singapore Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 98 Singapore Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 99 Singapore Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 100 Singapore Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 101 Singapore Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 102 Singapore Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 103 Singapore Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 104 Singapore Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 105 Malaysia Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 106 Malaysia Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 107 Malaysia Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 108 Malaysia Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 109 Malaysia Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 110 Malaysia Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 111 Malaysia Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 112 Malaysia Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 113 Malaysia Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 114 Malaysia Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 115 Malaysia Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 116 Malaysia Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 117 Rest of Asia Pacific Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 118 Rest of Asia Pacific Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 119 Rest of Asia Pacific Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 120 Rest of Asia Pacific Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 121 Rest of Asia Pacific Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 122 Rest of Asia Pacific Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 123 Rest of Asia Pacific Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 124 Rest of Asia Pacific Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 125 Rest of Asia Pacific Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 126 Rest of Asia Pacific Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 127 Rest of Asia Pacific Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 128 Rest of Asia Pacific Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 129 Key Information – BMG Incorporated
TABLE 130 Key Information – Huizhou Foryou Medical Devices Co., Ltd.
TABLE 131 Key Information – Unisur Lifecare Pvt Ltd
TABLE 132 Key Information – Orion Sutures India Pvt Ltd
TABLE 133 Key Information – Kureha Corporation
TABLE 134 Key Information – Shenzhen Polymtek Biomaterial Co., Ltd.
TABLE 135 Key Information – Haihang Industry CO., LTD.
TABLE 136 Key Information – Polysciences, Inc.
TABLE 137 Key Information – Teleflex Incorporated
TABLE 138 key Information – Merck KGaA

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Polyglycolic Acid Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Polyglycolic Acid Market
FIG 4 Porter’s Five Forces Analysis – Polyglycolic Acid Market
FIG 5 Asia Pacific Polyglycolic Acid Market share by Form, 2023
FIG 6 Asia Pacific Polyglycolic Acid Market share by Form, 2031
FIG 7 Asia Pacific Polyglycolic Acid Market by Form, 2020 - 2031, USD Million
FIG 8 Asia Pacific Polyglycolic Acid Market share by End-user, 2023
FIG 9 Asia Pacific Polyglycolic Acid Market share by End-user, 2031
FIG 10 Asia Pacific Polyglycolic Acid Market by End-user, 2020 - 2031, USD Million
FIG 11 Asia Pacific Polyglycolic Acid Market share by Country, 2023
FIG 12 Asia Pacific Polyglycolic Acid Market share by Country, 2031
FIG 13 Asia Pacific Polyglycolic Acid Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Kureha Corporation
FIG 15 SWOT Analysis: Teleflex INcorporated
FIG 16 Swot Analysis: Merck KGaA