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North America 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

Published Date : 09-May-2024

Pages: 86

Formats: PDF

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.

North America Polyglycolic Acid Market

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.

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

North America 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)

  • US
  • Canada
  • Mexico
  • Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Polyglycolic Acid Market, by Form
1.4.2 North America Polyglycolic Acid Market, by End User
1.4.3 North America 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. North America Polyglycolic Acid Market by Form
4.1 North America Fibers Market by Country
4.2 North America Films Market by Country
4.3 North America Others Market by Country

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

Chapter 6. North America Polyglycolic Acid Market by Country
6.1 US Polyglycolic Acid Market
6.1.1 US Polyglycolic Acid Market by Form
6.1.2 US Polyglycolic Acid Market by End-user
6.2 Canada Polyglycolic Acid Market
6.2.1 Canada Polyglycolic Acid Market by Form
6.2.2 Canada Polyglycolic Acid Market by End-user
6.3 Mexico Polyglycolic Acid Market
6.3.1 Mexico Polyglycolic Acid Market by Form
6.3.2 Mexico Polyglycolic Acid Market by End-user
6.4 Rest of North America Polyglycolic Acid Market
6.4.1 Rest of North America Polyglycolic Acid Market by Form
6.4.2 Rest of North America 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 North America Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 2 North America Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 3 North America Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 4 North America Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 5 North America Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 6 North America Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 7 North America Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 8 North America Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 9 North America Fibers Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Fibers Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Fibers Market by Country, 2020 - 2023, Tonnes
TABLE 12 North America Fibers Market by Country, 2024 - 2031, Tonnes
TABLE 13 North America Films Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Films Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Films Market by Country, 2020 - 2023, Tonnes
TABLE 16 North America Films Market by Country, 2024 - 2031, Tonnes
TABLE 17 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Others Market by Country, 2020 - 2023, Tonnes
TABLE 20 North America Others Market by Country, 2024 - 2031, Tonnes
TABLE 21 North America Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 22 North America Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 23 North America Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 24 North America Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 25 North America Medical Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Medical Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Medical Market by Country, 2020 - 2023, Tonnes
TABLE 28 North America Medical Market by Country, 2024 - 2031, Tonnes
TABLE 29 North America Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Oil & Gas Market by Country, 2020 - 2023, Tonnes
TABLE 32 North America Oil & Gas Market by Country, 2024 - 2031, Tonnes
TABLE 33 North America Packaging Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Packaging Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Packaging Market by Country, 2020 - 2023, Tonnes
TABLE 36 North America Packaging Market by Country, 2024 - 2031, Tonnes
TABLE 37 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Others Market by Country, 2020 - 2023, Tonnes
TABLE 40 North America Others Market by Country, 2024 - 2031, Tonnes
TABLE 41 North America Polyglycolic Acid Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Polyglycolic Acid Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Polyglycolic Acid Market by Country, 2020 - 2023, Tonnes
TABLE 44 North America Polyglycolic Acid Market by Country, 2024 - 2031, Tonnes
TABLE 45 US Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 46 US Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 47 US Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 48 US Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 49 US Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 50 US Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 51 US Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 52 US Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 53 US Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 54 US Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 55 US Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 56 US Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 57 Canada Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 58 Canada Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 59 Canada Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 60 Canada Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 61 Canada Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 62 Canada Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 63 Canada Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 64 Canada Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 65 Canada Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 66 Canada Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 67 Canada Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 68 Canada Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 69 Mexico Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 70 Mexico Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 71 Mexico Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 72 Mexico Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 73 Mexico Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 74 Mexico Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 75 Mexico Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 76 Mexico Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 77 Mexico Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 78 Mexico Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 79 Mexico Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 80 Mexico Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 81 Rest of North America Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 82 Rest of North America Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 83 Rest of North America Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 84 Rest of North America Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 85 Rest of North America Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 86 Rest of North America Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 87 Rest of North America Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 88 Rest of North America Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 89 Rest of North America Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 90 Rest of North America Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 91 Rest of North America Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 92 Rest of North America Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 93 Key Information – BMG Incorporated
TABLE 94 Key Information – Huizhou Foryou Medical Devices Co., Ltd.
TABLE 95 Key Information – Unisur Lifecare Pvt Ltd
TABLE 96 Key Information – Orion Sutures India Pvt Ltd
TABLE 97 Key Information – Kureha Corporation
TABLE 98 Key Information – Shenzhen Polymtek Biomaterial Co., Ltd.
TABLE 99 Key Information – Haihang Industry CO., LTD.
TABLE 100 Key Information – Polysciences, Inc.
TABLE 101 Key Information – Teleflex Incorporated
TABLE 102 key Information – Merck KGaA

List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Polyglycolic Acid Market share by Form, 2023
FIG 6 North America Polyglycolic Acid Market share by Form, 2031
FIG 7 North America Polyglycolic Acid Market by Form, 2020 - 2031, USD Million
FIG 8 North America Polyglycolic Acid Market share by End-user, 2023
FIG 9 North America Polyglycolic Acid Market share by End-user, 2031
FIG 10 North America Polyglycolic Acid Market by End-user, 2020 - 2031, USD Million
FIG 11 North America Polyglycolic Acid Market share by Country, 2023
FIG 12 North America Polyglycolic Acid Market share by Country, 2031
FIG 13 North America 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

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