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

Description

List of Tables

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.

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

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Polyglycolic Acid Market, by Form
- 1.4.2North America Polyglycolic Acid Market, by End User
- 1.4.3North America Polyglycolic Acid Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

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

Chapter 4.North America Polyglycolic Acid Market by Form

4.1North America Fibers Market by Country
4.2North America Films Market by Country
4.3North America Others Market by Country

Chapter 5.North America Polyglycolic Acid Market by End-user

5.1North America Medical Market by Country
5.2North America Oil & Gas Market by Country
5.3North America Packaging Market by Country
5.4North America Others Market by Country

Chapter 6.North America Polyglycolic Acid Market by Country

6.1US Polyglycolic Acid Market
- 6.1.1US Polyglycolic Acid Market by Form
- 6.1.2US Polyglycolic Acid Market by End-user
6.2Canada Polyglycolic Acid Market
- 6.2.1Canada Polyglycolic Acid Market by Form
- 6.2.2Canada Polyglycolic Acid Market by End-user
6.3Mexico Polyglycolic Acid Market
- 6.3.1Mexico Polyglycolic Acid Market by Form
- 6.3.2Mexico Polyglycolic Acid Market by End-user
6.4Rest of North America Polyglycolic Acid Market
- 6.4.1Rest of North America Polyglycolic Acid Market by Form
- 6.4.2Rest of North America Polyglycolic Acid Market by End-user

Chapter 7.Company Profiles

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

LIST OF TABLES

TABLE 1North America Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 2North America Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 3North America Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 4North America Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 5North America Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 6North America Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 7North America Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 8North America Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 9North America Fibers Market by Country, 2020 - 2023, USD Million
TABLE 10North America Fibers Market by Country, 2024 - 2031, USD Million
TABLE 11North America Fibers Market by Country, 2020 - 2023, Tonnes
TABLE 12North America Fibers Market by Country, 2024 - 2031, Tonnes
TABLE 13North America Films Market by Country, 2020 - 2023, USD Million
TABLE 14North America Films Market by Country, 2024 - 2031, USD Million
TABLE 15North America Films Market by Country, 2020 - 2023, Tonnes
TABLE 16North America Films Market by Country, 2024 - 2031, Tonnes
TABLE 17North America Others Market by Country, 2020 - 2023, USD Million
TABLE 18North America Others Market by Country, 2024 - 2031, USD Million
TABLE 19North America Others Market by Country, 2020 - 2023, Tonnes
TABLE 20North America Others Market by Country, 2024 - 2031, Tonnes
TABLE 21North America Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 22North America Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 23North America Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 24North America Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 25North America Medical Market by Country, 2020 - 2023, USD Million
TABLE 26North America Medical Market by Country, 2024 - 2031, USD Million
TABLE 27North America Medical Market by Country, 2020 - 2023, Tonnes
TABLE 28North America Medical Market by Country, 2024 - 2031, Tonnes
TABLE 29North America Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 30North America Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 31North America Oil & Gas Market by Country, 2020 - 2023, Tonnes
TABLE 32North America Oil & Gas Market by Country, 2024 - 2031, Tonnes
TABLE 33North America Packaging Market by Country, 2020 - 2023, USD Million
TABLE 34North America Packaging Market by Country, 2024 - 2031, USD Million
TABLE 35North America Packaging Market by Country, 2020 - 2023, Tonnes
TABLE 36North America Packaging Market by Country, 2024 - 2031, Tonnes
TABLE 37North America Others Market by Country, 2020 - 2023, USD Million
TABLE 38North America Others Market by Country, 2024 - 2031, USD Million
TABLE 39North America Others Market by Country, 2020 - 2023, Tonnes
TABLE 40North America Others Market by Country, 2024 - 2031, Tonnes
TABLE 41North America Polyglycolic Acid Market by Country, 2020 - 2023, USD Million
TABLE 42North America Polyglycolic Acid Market by Country, 2024 - 2031, USD Million
TABLE 43North America Polyglycolic Acid Market by Country, 2020 - 2023, Tonnes
TABLE 44North America Polyglycolic Acid Market by Country, 2024 - 2031, Tonnes
TABLE 45US Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 46US Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 47US Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 48US Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 49US Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 50US Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 51US Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 52US Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 53US Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 54US Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 55US Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 56US Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 57Canada Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 58Canada Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 59Canada Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 60Canada Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 61Canada Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 62Canada Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 63Canada Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 64Canada Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 65Canada Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 66Canada Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 67Canada Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 68Canada Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 69Mexico Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 70Mexico Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 71Mexico Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 72Mexico Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 73Mexico Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 74Mexico Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 75Mexico Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 76Mexico Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 77Mexico Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 78Mexico Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 79Mexico Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 80Mexico Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 81Rest of North America Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 82Rest of North America Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 83Rest of North America Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 84Rest of North America Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 85Rest of North America Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 86Rest of North America Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 87Rest of North America Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 88Rest of North America Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 89Rest of North America Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 90Rest of North America Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 91Rest of North America Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 92Rest of North America Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 93Key Information - BMG Incorporated
TABLE 94Key Information - Huizhou Foryou Medical Devices Co., Ltd.
TABLE 95Key Information - Unisur Lifecare Pvt Ltd
TABLE 96Key Information - Orion Sutures India Pvt Ltd
TABLE 97Key Information - Kureha Corporation
TABLE 98Key Information - Shenzhen Polymtek Biomaterial Co., Ltd.
TABLE 99Key Information - Haihang Industry CO., LTD.
TABLE 100Key Information - Polysciences, Inc.
TABLE 101Key Information - Teleflex Incorporated
TABLE 102key Information - Merck KGaA

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