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Asia Pacific Polyglycolic Acid Market
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Asia Pacific Polyglycolic Acid Market

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Asia Pacific Polyglycolic Acid Market, By Form (Fibers, Films, Granules, Others); By End User (Healthcare, Oil & Gas, Packaging, Agriculture, Others); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2031

  • Published Date: April 2025
  • Report ID: BWC25203
  • Available Format: PDF
  • Page: 270

Report Overview

The rising demand for polyglycolic acid in medical applications, growing environmental concerns, and expansion of the packaging industry are expected to drive Asia Pacific Polyglycolic Acid Market during the forecast period between 2025 and 2031.

Asia Pacific Polyglycolic Acid Market – Industry Trends & Forecast Report, 2031

Asia Pacific Polyglycolic Acid Market size was estimated at USD 1.63 billion in 2024. During the forecast period between 2025 and 2031, Asia Pacific Polyglycolic Acid Market size is projected to grow at a CAGR of 9.8% reaching a value of USD 3.13 billion by 2031. Prominent drivers of the market include Prominent drivers of the market include rising energy consumption and the increasing use of PGA in oil and gas applications such as frac plugs and connectors, where it has effectively replaced metal components due to its cost efficiency. Additionally, strong demand from the medical and packaging sectors continues to support market growth. The rise in surgical procedures, including cosmetic surgeries, has accelerated the use of PGA in absorbable sutures and dermal fillers. Moreover, the shift toward sustainable and biodegradable packaging, particularly in food and e-commerce sectors, is fueling the adoption of PGA in the Asia Pacific. Rapid urbanization and industrialization further amplify energy demand, indirectly boosting the need for polyglycolic acid. With environmentally conscious consumers driving preference for eco-friendly products, PGA is increasingly seen as a sustainable packaging alternative, especially for perishable goods like meat and dairy.

Asia Pacific Polyglycolic Acid Market

Polyglycolic Acid – Overview

Polyglycolic acid (PGA) is a biodegradable, thermoplastic polymer widely used in medical and industrial applications. It is synthesized through the polymerization of glycolic acid and is known for its high mechanical strength and biocompatibility. PGA is commonly used in absorbable surgical sutures, tissue engineering, and drug delivery systems due to its ability to degrade naturally in the body through hydrolysis. It offers excellent barrier properties and is also utilized in packaging and agricultural films. As an environmentally friendly alternative to conventional plastics, polyglycolic acid supports sustainability goals while maintaining performance across various sectors requiring controlled biodegradability.

Asia Pacific Polyglycolic Acid Market

Growth Drivers

Increasing Demand for PGA from Expanding Packaging Industry

The rapid expansion of the packaging industry in the Asia Pacific region, driven by rising demand for convenient and ready-to-eat food products, is significantly boosting the market for polyglycolic acid. Increasing urbanization and busy lifestyles have fueled the need for efficient, long-lasting, and sustainable packaging solutions. In response, governments are promoting eco-friendly initiatives, encouraging food and beverage companies to adopt sustainable materials. Polyglycolic acid, known for its biodegradability and barrier properties, is gaining momentum as a preferred packaging material. Furthermore, the 2024 launch of the National Mission on Sustainable Packaging Solutions by CSIR highlights continued efforts to advance sustainable packaging innovations.

Challenges

High Production Costs

The high production cost of polyglycolic acid (PGA) is a major factor restraining market growth in the Asia Pacific (APAC) region. Manufacturing PGA involves complex processes and expensive raw materials, leading to higher end-product prices compared to conventional alternatives. This limits its widespread adoption, especially among cost-sensitive industries such as packaging and textiles. Additionally, the lack of large-scale production infrastructure and limited availability of advanced manufacturing technologies in some APAC countries further contribute to elevated costs. As a result, despite its favorable properties, the high cost of production poses a challenge to the broader commercial uptake of PGA in the region.

Impact of Escalating Geopolitical Tensions on Asia Pacific Polyglycolic Acid Market

Escalating geopolitical tensions could significantly impact the growth of Asia Pacific Polyglycolic Acid Market. Disruptions in global trade, supply chains, and raw material availability caused by conflicts or diplomatic strains can lead to increased production costs and delays. Many APAC countries rely on imported raw materials or specialized equipment for PGA manufacturing, making the market vulnerable to international instability. Moreover, fluctuating currency exchange rates and trade restrictions can deter foreign investments and limit market expansion. These uncertainties may also shift industry focus toward domestic sourcing or alternative materials, potentially slowing the adoption of PGA and affecting its long-term growth prospects in the region.

Asia Pacific Polyglycolic Acid Market

Segmental Coverage

Asia Pacific Polyglycolic Acid Market – By Form

Based on form, Asia Pacific Polyglycolic Acid Market is divided into Fibers, Films, Granules, and other forms segments. The fibers segment holds the highest share in Asia Pacific Polyglycolic Acid Market by form. PGA fibers are extensively utilized across diverse industries, including medical, packaging, and textiles, owing to their strength, biodegradability, and adaptability. In the medical sector, they are primarily used in surgical sutures due to their high tensile strength, biocompatibility, and absorbable nature. Technological advancements continue to improve fiber production processes, encouraging broader applications in the development of PGA-based fabrics. This ongoing innovation is driving increased demand and wider market acceptance of PGA fibers, positioning them as a valuable material in both traditional and emerging industrial uses.

Asia Pacific Polyglycolic Acid Market Size

Asia Pacific Polyglycolic Acid Market – By End User

By end user, Asia Pacific Polyglycolic Acid Market is divided into Healthcare, Oil & Gas, Packaging, Agriculture, and other end users segments. The healthcare segment holds the highest share in Asia Pacific Polyglycolic Acid Market by end user. It is driven by PGA’s unique properties, including biodegradability, high strength, and excellent biocompatibility, making it ideal for various medical applications. It is widely used in surgical sutures, tissue engineering scaffolds, and drug delivery systems, where controlled degradation supports effective treatment and tissue regeneration. As healthcare increasingly emphasizes minimally invasive procedures and personalized medicine, the demand for advanced materials like PGA continues to rise. Additionally, factors such as an aging population and a growing volume of surgeries further fuel the market's growth in this segment.

Asia Pacific Polyglycolic Acid Market – By Country

The in-depth research report on the Asia Pacific Polyglycolic Acid Market covers the market in the region’s major countries including China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China holds the highest share in Asia Pacific Polyglycolic Acid Market and is expected to maintain its dominance during the forecast period. It is driven by a growing emphasis on sustainability. As environmental concerns rise, food and beverage companies in China are increasingly adopting eco-friendly packaging solutions to enhance their sustainability image. With a strong presence of convenience food brands, the shift toward sustainable packaging is expected to drive PGA demand. Leading firms like Mengniu are collaborating with chemical companies to develop biodegradable packaging options. Additionally, local companies are implementing strategies to attract international tourists, further boosting packaged food production and, in turn, contributing to the rising demand for PGA in China.

Competitive Landscape

Major players operating in Asia Pacific Polyglycolic Acid Market include Orion Sutures India Pvt Ltd, Polylactide, Inc., Teleflex Incorporated, Huizhou Foryou Medical Devices Co., Ltd, Haihang Industry Co., Ltd (Haihang Group), Vizag Chemicals, Kureha Corporation, Polysciences, Inc., Hefei TNJ Chemical Industry Co., Ltd, BMG Incorporated, Merck KGaA, Shenzhen Polymtek Biomaterial Co., Ltd, and Unisur Lifecare Pvt Ltd To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2031

Base Year – 2024

Estimated Year – 2025

Forecast Period – 2025–2031

Facts Covered

Revenue in USD Million

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC

Product/ Service Segmentation

Form, End User, Region

Key Players

Orion Sutures India Pvt Ltd, Polylactide, Inc., Teleflex Incorporated, Huizhou Foryou Medical Devices Co., Ltd, Haihang Industry Co., Ltd (Haihang Group), Vizag Chemicals, Kureha Corporation, Polysciences, Inc., Hefei TNJ Chemical Industry Co., Ltd, BMG Incorporated, Merck KGaA, Shenzhen Polymtek Biomaterial Co., Ltd, Unisur Lifecare Pvt Ltd

 

By Form

  • Fibers

  • Films

  • Granules

  • Others

By End User

  • Healthcare

  • Oil & Gas

  • Packaging

  • Agriculture

  • Others

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

  • Indonesia

  • Malaysia

  • Singapore

  • Vietnam

  • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia Pacific Polyglycolic Acid Market Insights
    1. Industry Value Chain Analysis
      1. DROC Analysis
      2. Growth Drivers
        1. Rising Demand in Medical Applications
        2. Growing Environmental Concerns
        3. Expansion of the Packaging Industry
      3. Restraints
        1. High Production Cost
        2. Limited Thermal Stability
      4.  Opportunities
        1. Innovation in Biodegradable Composites
        2. Government Initiatives on Sustainability
      5. Challenges
        1. Competition from Alternative Biopolymers
        2. Lack of Awareness & Adoption
    2. Technological Advancements/Recent Developments
    3. Regulatory Framework
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia Pacific Polyglycolic Acid: Marketing Strategies
  5. Asia Pacific Polyglycolic Acid Overview
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
        1. Fibers
        2. Films
        3. Granules
        4. Others
      2. By End User
        1. Healthcare
        2. Oil  & Gas
        3. Packaging
        4. Agriculture
        5. Others
      3. By Country
        1. China
        2. India
        3. Maldives
        4. Japan
        5. South Korea
        6. Australia & New Zealand
        7. Indonesia
        8. Malaysia
        9. Singapore
        10. Vietnam
        11. Rest of APAC
  6. China Polyglycolic Acid Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  7. India Polyglycolic Acid
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  8. Japan Polyglycolic Acid
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  9. South Korea Polyglycolic Acid Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  10. Australia & New Zealand Polyglycolic Acid Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  11. Indonesia Polyglycolic Acid Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  12. Malaysia Polyglycolic Acid Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  13. Singapore Polyglycolic Acid Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  14. Vietnam Polyglycolic Acid Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  15. Rest of Asia Pacific Polyglycolic Acid
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Form
      2. By End User
  16. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia Pacific Polyglycolic Acid Company Market Share Analysis, 2024
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
  17. Impact of Escalating Geopolitical Tensions on Asia Pacific Polyglycolic Acid Market
  18. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Orion Sutures India Pvt Ltd
    2. Polylactide, Inc.
    3. Teleflex Incorporated
    4. Huizhou Foryou Medical Devices Co., Ltd
    5. Haihang Industry Co., Ltd (Haihang Group)
    6. Vizag Chemicals
    7. Kureha Corporation
    8. Polysciences, Inc.
    9. Hefei TNJ Chemical Industry Co., Ltd
    10. BMG Incorporated
    11. Merck KGaA
    12. Shenzhen Polymtek Biomaterial Co., Ltd
    13. Unisur Lifecare Pvt Ltd
    14. Other Prominent Players
  19. Key Strategic Recommendations
  20. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Asia Pacific Polyglycolic Acid Segmentation   

Figure 2       Asia Pacific Polyglycolic Acid Market Value Chain Analysis 

Figure 3       Company Market Share Analysis, 2024

Figure 4       Asia Pacific Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Figure 5       Asia Pacific Polyglycolic Acid Market Share, By Form, By Value, 2019–2031   

Figure 6       Asia Pacific Polyglycolic Acid Market Share, By End User, By Value, 2019–2031         

Figure 7       Asia Pacific Polyglycolic Acid Market Share, By Country, By Value, 2019–2031

Figure 8       China Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031        

Figure 9       China Polyglycolic Acid Market Share, By Form, By Value, 2019–2031  

Figure 10     China Polyglycolic Acid Market Share, By End User, By Value, 2019–2031      

Figure 11     India Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Figure 12     India Polyglycolic Acid Market Share, By Form, By Value, 2019–2031   

Figure 13     India Polyglycolic Acid Market Share, By End User, By Value, 2019–2031      

Figure 14     Japan Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031        

Figure 15     Japan Polyglycolic Acid Market Share, By Form, By Value, 2019–2031  

Figure 16     Japan Polyglycolic Acid Market Share, By End User, By Value, 2019–2031     

Figure 17     South Korea Polyglycolic Acid Systems Market Size, By Value (USD Million), 2019–2031 

Figure 18     South Korea Polyglycolic Acid Systems Market Share, By Form, By Value, 2019–2031 

Figure 19     South Korea Polyglycolic Acid Systems Market Share, By End User, By Value, 2019–2031 

Figure 20     Australia & New Zealand Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031 

Figure 21     Australia & New Zealand Polyglycolic Acid Market Share, By Form, By Value, 2019–2031 

Figure 22     Australia & New Zealand Polyglycolic Acid Market Share, By End User, By Value, 2019–2031 

Figure 23     Indonesia  Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031 

Figure 24     Indonesia  Polyglycolic Acid Market Share, By Form, By Value, 2019–2031    

Figure 25     Indonesia  Polyglycolic Acid Market Share, By End User, By Value, 2019–2031

Figure 26     Malaysia Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031    

Figure 27     Malaysia Polyglycolic Acid Market Share, By Form, By Value, 2019–2031       

Figure 28     Malaysia Polyglycolic Acid Market Share, By End User, By Value, 2019–2031 

Figure 29     Singapore Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031 

Figure 30     Singapore Polyglycolic Acid Market Share, By Form, By Value, 2019–2031     

Figure 31     Singapore Polyglycolic Acid Market Share, By End User, By Value, 2019–2031

Figure 32     Vietnam Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031    

Figure 33     Vietnam Polyglycolic Acid Market Share, By Form, By Value, 2019–2031        

Figure 34     Vietnam Polyglycolic Acid Market Share, By End User, By Value, 2019–2031  

Figure 35     Rest of APAC Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031         

Figure 36     Rest of APAC Polyglycolic Acid Market Share, By Form, By Value, 2019–2031 

Figure 37     Rest of APAC Polyglycolic Acid Market Share, By End User, By Value, 2019–2031         

 

List of Tables

 

Table 1         Asia Pacific Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 2         Asia Pacific Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 3         Asia Pacific Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 4         Asia Pacific Polyglycolic Acid Market Size, By Country, By Value, 2019–2031

Table 5         China Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 6         China Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 7         China Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 8         India Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 9         India Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 10       India Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 11       Japan Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 12       Japan Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 13       Japan Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 14       South Korea Polyglycolic Acid Systems Market Size, By Value (USD Million), 2019–2031

Table 15       South Korea Polyglycolic Acid Systems Market Size, By Form, By Value, 2019–2031

Table 16       South Korea Polyglycolic Acid Systems Market Size, By End User, By Value, 2019–2031

Table 17       Australia & New Zealand Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 18       Australia & New Zealand Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 19       Australia & New Zealand Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 20       Indonesia  Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 21       Indonesia  Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 22       Indonesia  Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 23       Malaysia Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 24       Malaysia Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 25       Malaysia Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 26       Singapore Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 27       Singapore Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 28       Singapore Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 29       Vietnam Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 30       Vietnam Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 31       Vietnam Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 32       Rest of APAC Polyglycolic Acid Market Size, By Value (USD Million), 2019–2031

Table 33       Rest of APAC Polyglycolic Acid Market Size, By Form, By Value, 2019–2031

Table 34       Rest of APAC Polyglycolic Acid Market Size, By End User, By Value, 2019–2031

Table 35       Orion Sutures India Pvt Ltd Company Overview

Table 36       Orion Sutures India Pvt Ltd Financial Overview

Table 37       Polylactide, Inc. Company Overview

Table 38       Polylactide, Inc. Financial Overview

Table 39       Teleflex Incorporated Company Overview

Table 40       Teleflex Incorporated Financial Overview

Table 41       Huizhou Foryou Medical Devices Co., Ltd Company Overview

Table 42       Huizhou Foryou Medical Devices Co., Ltd Financial Overview

Table 43       Haihang Industry Co., Ltd (Haihang Group) Company Overview

Table 44       Haihang Industry Co., Ltd (Haihang Group) Financial Overview

Table 45       Vizag Chemicals Company Overview

Table 46       Vizag Chemicals Financial Overview

Table 47       Kureha Corporation Company Overview

Table 48       Kureha Corporation Financial Overview

Table 49       Polysciences, Inc. Company Overview

Table 50       Polysciences, Inc. Financial Overview

Table 51       Hefei TNJ Chemical Industry Co., Ltd Company Overview

Table 52       Hefei TNJ Chemical Industry Co., Ltd Financial Overview

Table 53       BMG Incorporated Company Overview

Table 54       BMG Incorporated Financial Overview

Table 55       Merck KGaA Company Overview

Table 56       Merck KGaA Financial Overview

Table 57       Shenzhen Polymtek Biomaterial Co., Ltd Company Overview

Table 58       Shenzhen Polymtek Biomaterial Co., Ltd Financial Overview

Table 59       Unisur Lifecare Pvt Ltd Company Overview

Table 60       Unisur Lifecare Pvt Ltd Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Asia Pacific Polyglycolic Acid Market size by value was estimated at USD 1.63 billion in 2024.
Ans: Asia Pacific Polyglycolic Acid Market is expected to grow at CAGR of 9.8% period between 2025 and 2031.
Ans: By 2031, Asia Pacific Polyglycolic Acid Market size is forecast to reach a value of USD 3.13 billion.
Ans: The growth of Asia Pacific Polyglycolic Acid Market is primarily driven by the rising demand in medical applications, growing environmental concerns, and expansion of the packaging industry.
Ans: Key players in Asia Pacific Polyglycolic Acid Market include Orion Sutures India Pvt Ltd, Polylactide, Inc., Teleflex Incorporated, Huizhou Foryou Medical Devices Co., Ltd, Haihang Industry Co., Ltd (Haihang Group), Vizag Chemicals, Kureha Corporation, Polysciences, Inc., Hefei TNJ Chemical Industry Co., Ltd, BMG Incorporated, Merck KGaA, Shenzhen Polymtek Biomaterial Co., Ltd, and Unisur Lifecare Pvt Ltd
Ans: The fibers segment is expected to grow at the fastest CAGR in Asia Pacific Polyglycolic Acid Market during the forecast period between 2025 and 2031.