PUBLISHER: KBV Research | PRODUCT CODE: 1484327
PUBLISHER: KBV Research | PRODUCT CODE: 1484327
Europe 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 Europe Polyglycolic Acid Market would witness market growth of 9.1% CAGR during the forecast period (2024-2031). In the year 2020, the Europe market's volume surged to 9,320.2 tonnes, showcasing a growth of 18.5% (2020-2023).
Polyglycolic acid (PGA) films represent a cutting-edge development in biodegradable polymer technology. These films are created through the polymerization of glycolic acid molecules, resulting in a versatile material with a range of valuable properties. PGA films are known for their exceptional strength, flexibility, and biocompatibility, making them highly desirable for numerous applications. Therefore, the Germany would utilize 1,439.0 tonnes of Polyglycolic Acid in films segment by 2031.
The Germany market dominated the Europe Polyglycolic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $636.7 million by 2031. The UK market is exhibiting a CAGR of 8.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 9.9% during (2024 - 2031).
The market is witnessing several notable trends and innovations shaping its trajectory and expanding its application horizons. One prominent trend is the development of bio-based feedstocks for PGA production, moving away from fossil fuel-derived sources towards renewable resources such as biomass or agricultural waste. This shift towards bio-based production enhances PGA's sustainability credentials and reduces its environmental impact and dependence on finite resources.
Another significant trend in the market is the exploration of advanced processing techniques and formulations to improve its mechanical properties and performance characteristics. Innovations in polymer blending, copolymerization, and nanostructuring yield PGA materials with enhanced tensile strength, toughness, and thermal stability, widening its application scope in industries with essential high-performance materials.
According to the Eurostat data, in 2020, Germany exhibited the most substantial healthcare expenditure of any EU Member State, amounting to a staggering €432 billion. Following Italy ($160 billion) and Spain ($120 billion) were France ($281 billion) in terms of current healthcare expenditures. Germany and France, in comparison to all other EU Member States, exhibited the highest levels of current healthcare expenditure at 12.8% and 12.2% of GDP, respectively.
Following Austria (11.5%) were Sweden (11.4%), the Netherlands (11.1%), and Belgium (11.1%), in that order. Only Denmark, Spain, and Portugal among the European Union Member States maintained double-digit ratios. In 2020, Luxembourg and Denmark exhibited the highest current healthcare expenditures among EU Member States, measured in euros and per capita, respectively (€5,875 and €5,642, respectively). Thus, the growing healthcare sector in Europe will assist in the expansion of the regional polyglycolic acid market.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
Europe 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)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Europe Polyglycolic Acid Market, by Form
- 1.4.2Europe Polyglycolic Acid Market, by End User
- 1.4.3Europe 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
- 3.1.1Overview
- 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.Europe Polyglycolic Acid Market by Form
- 4.1Europe Fibers Market by Country
- 4.2Europe Films Market by Country
- 4.3Europe Others Market by Country
Chapter 5.Europe Polyglycolic Acid Market by End-user
- 5.1Europe Medical Market by Country
- 5.2Europe Oil & Gas Market by Country
- 5.3Europe Packaging Market by Country
- 5.4Europe Others Market by Country
Chapter 6.Europe Polyglycolic Acid Market by Country
- 6.1Germany Polyglycolic Acid Market
- 6.1.1Germany Polyglycolic Acid Market by Form
- 6.1.2Germany Polyglycolic Acid Market by End-user
- 6.2UK Polyglycolic Acid Market
- 6.2.1UK Polyglycolic Acid Market by Form
- 6.2.2UK Polyglycolic Acid Market by End-user
- 6.3France Polyglycolic Acid Market
- 6.3.1France Polyglycolic Acid Market by Form
- 6.3.2France Polyglycolic Acid Market by End-user
- 6.4Russia Polyglycolic Acid Market
- 6.4.1Russia Polyglycolic Acid Market by Form
- 6.4.2Russia Polyglycolic Acid Market by End-user
- 6.5Spain Polyglycolic Acid Market
- 6.5.1Spain Polyglycolic Acid Market by Form
- 6.5.2Spain Polyglycolic Acid Market by End-user
- 6.6Italy Polyglycolic Acid Market
- 6.6.1Italy Polyglycolic Acid Market by Form
- 6.6.2Italy Polyglycolic Acid Market by End-user
- 6.7Rest of Europe Polyglycolic Acid Market
- 6.7.1Rest of Europe Polyglycolic Acid Market by Form
- 6.7.2Rest of Europe 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 1Europe Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 2Europe Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 3Europe Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 4Europe Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 5Europe Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 6Europe Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 7Europe Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 8Europe Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 9Europe Fibers Market by Country, 2020 - 2023, USD Million
- TABLE 10Europe Fibers Market by Country, 2024 - 2031, USD Million
- TABLE 11Europe Fibers Market by Country, 2020 - 2023, Tonnes
- TABLE 12Europe Fibers Market by Country, 2024 - 2031, Tonnes
- TABLE 13Europe Films Market by Country, 2020 - 2023, USD Million
- TABLE 14Europe Films Market by Country, 2024 - 2031, USD Million
- TABLE 15Europe Films Market by Country, 2020 - 2023, Tonnes
- TABLE 16Europe Films Market by Country, 2024 - 2031, Tonnes
- TABLE 17Europe Others Market by Country, 2020 - 2023, USD Million
- TABLE 18Europe Others Market by Country, 2024 - 2031, USD Million
- TABLE 19Europe Others Market by Country, 2020 - 2023, Tonnes
- TABLE 20Europe Others Market by Country, 2024 - 2031, Tonnes
- TABLE 21Europe Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 22Europe Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 23Europe Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 24Europe Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 25Europe Medical Market by Country, 2020 - 2023, USD Million
- TABLE 26Europe Medical Market by Country, 2024 - 2031, USD Million
- TABLE 27Europe Medical Market by Country, 2020 - 2023, Tonnes
- TABLE 28Europe Medical Market by Country, 2024 - 2031, Tonnes
- TABLE 29Europe Oil & Gas Market by Country, 2020 - 2023, USD Million
- TABLE 30Europe Oil & Gas Market by Country, 2024 - 2031, USD Million
- TABLE 31Europe Oil & Gas Market by Country, 2020 - 2023, Tonnes
- TABLE 32Europe Oil & Gas Market by Country, 2024 - 2031, Tonnes
- TABLE 33Europe Packaging Market by Country, 2020 - 2023, USD Million
- TABLE 34Europe Packaging Market by Country, 2024 - 2031, USD Million
- TABLE 35Europe Packaging Market by Country, 2020 - 2023, Tonnes
- TABLE 36Europe Packaging Market by Country, 2024 - 2031, Tonnes
- TABLE 37Europe Others Market by Country, 2020 - 2023, USD Million
- TABLE 38Europe Others Market by Country, 2024 - 2031, USD Million
- TABLE 39Europe Others Market by Country, 2020 - 2023, Tonnes
- TABLE 40Europe Others Market by Country, 2024 - 2031, Tonnes
- TABLE 41Europe Polyglycolic Acid Market by Country, 2020 - 2023, USD Million
- TABLE 42Europe Polyglycolic Acid Market by Country, 2024 - 2031, USD Million
- TABLE 43Europe Polyglycolic Acid Market by Country, 2020 - 2023, Tonnes
- TABLE 44Europe Polyglycolic Acid Market by Country, 2024 - 2031, Tonnes
- TABLE 45Germany Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 46Germany Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 47Germany Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 48Germany Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 49Germany Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 50Germany Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 51Germany Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 52Germany Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 53Germany Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 54Germany Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 55Germany Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 56Germany Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 57UK Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 58UK Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 59UK Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 60UK Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 61UK Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 62UK Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 63UK Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 64UK Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 65UK Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 66UK Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 67UK Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 68UK Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 69France Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 70France Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 71France Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 72France Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 73France Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 74France Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 75France Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 76France Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 77France Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 78France Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 79France Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 80France Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 81Russia Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 82Russia Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 83Russia Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 84Russia Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 85Russia Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 86Russia Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 87Russia Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 88Russia Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 89Russia Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 90Russia Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 91Russia Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 92Russia Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 93Spain Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 94Spain Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 95Spain Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 96Spain Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 97Spain Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 98Spain Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 99Spain Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 100Spain Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 101Spain Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 102Spain Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 103Spain Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 104Spain Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 105Italy Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 106Italy Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 107Italy Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 108Italy Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 109Italy Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 110Italy Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 111Italy Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 112Italy Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 113Italy Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 114Italy Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 115Italy Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 116Italy Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 117Rest of Europe Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 118Rest of Europe Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 119Rest of Europe Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 120Rest of Europe Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 121Rest of Europe Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 122Rest of Europe Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 123Rest of Europe Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 124Rest of Europe Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 125Rest of Europe Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 126Rest of Europe Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 127Rest of Europe Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 128Rest of Europe Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 129Key Information - BMG Incorporated
- TABLE 130Key Information - Huizhou Foryou Medical Devices Co., Ltd.
- TABLE 131Key Information - Unisur Lifecare Pvt Ltd
- TABLE 132Key Information - Orion Sutures India Pvt Ltd
- TABLE 133Key Information - Kureha Corporation
- TABLE 134Key Information - Shenzhen Polymtek Biomaterial Co., Ltd.
- TABLE 135Key Information - Haihang Industry CO., LTD.
- TABLE 136Key Information - Polysciences, Inc.
- TABLE 137Key Information - Teleflex Incorporated
- TABLE 138key Information - Merck KGaA
