The North America Polyglycolic Acid Market would witness market growth of 9.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 13,298.7 tonnes, showcasing a growth of 18.3% (2020-2023).
Polyglycolic acid (PGA) fibers represent a remarkable advancement in the realm of biodegradable polymers. These fibers are synthesized through the polymerization of glycolic acid molecules, resulting in a high-strength material with versatile applications. PGA fibers are characterized by their exceptional tensile strength, stiffness, and biocompatibility, making them ideal for use in various fields. Thus, the US market would utilize 11,428.1 tonnes of Polyglycolic Acid in Fibers segment by 2031.
The US market dominated the North America Polyglycolic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,506.8 million by 2031. The Canada market is experiencing a CAGR of 11% during (2024 - 2031). Additionally, The Mexico market would witness a CAGR of 10.5% during (2024 - 2031).
PGA fibers are utilized in the textile industry for applications such as surgical mesh reinforcement and wound dressings. PGA's high strength and biodegradability make it suitable for manufacturing textile products with enhanced durability and biocompatibility. PGA fibers are incorporated into fabrics and meshes used in medical textiles, sports equipment, and technical textiles, offering superior performance and environmental sustainability.
In addition to its biomedical and packaging applications, PGA is employed in various industrial sectors for specialized applications. These include producing biodegradable films for industrial packaging, composite materials for automotive and aerospace applications, and filtration membranes for water treatment and separation processes. PGA's versatility and biodegradability make it an attractive material for addressing sustainability challenges across diverse industrial domains.
Canada increasingly focuses on sustainable agriculture practices to minimize environmental impact and promote conservation. As part of this effort, there is growing interest in adopting biodegradable materials such as PGA to replace conventional plastics in agricultural applications. PGA-based products, including mulch films, soil stabilization mats, and crop protection nets, offer eco-friendly alternatives that align with Canada's sustainability goals. As per the data from the Government of Canada, in 2022, the whole agriculture and agri-food system generated $143.8 billion (around 7.0%) of Canada's gross domestic product (GDP). Hence, North America's growing agriculture and healthcare sectors will boost the demand for polyglycolic acid in the region.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
By Form (Volume, Tonnes, USD Billion, 2020-2031)
By End User (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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