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Polyglycolic Acid Global Market Size, Share, Trends, By Form, By Application, By Purity, Industry Analysis And Forecast To 2032 | Kureha Corporation, BMG Incorporated, Hitachi Limited, Teleflex Incorporated, Unisur Lifecare Private Limited
Polyglycolic Acid Market
The Business Research Company's Polyglycolic Acid Global Market Report 2023 identifies Increasing demand in the packaging industry is expected to propel the growth of the polyglycolic acid market. Packaging used for branding and as an extra measure of protection for the food products is in high demand from several end-use industries, such as healthcare, food, cosmetics, and personal care. The polyglycolic acid is highly preferred in high-gas barrier packaging applications.
The global polyglycolic acid market size is expected to grow from $4.34 billion in 2022 to $4.78 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The polyglycolic acid market size is expected to grow to $6.89 billion in 2027 at a CAGR of 9.6%.
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Major competitors in the Polyglycolic Acid market are Kureha Corporation, Corbion NV, Shenzhen Polymtek Biomaterial Co Limited, BMG Incorporated, Huizhou Foryou Medical Devices Co Limited, Teleflex Incorporated, Unisur Lifecare Private Limited, Meta Biomed Co Limited, Samyang Biopharm Corporation, Merck KGaA, Hitachi Limited, DuPont de Nemours Inc., BASF SE, Boen Healthcare Co Limited, Evonik Industries AG, Shanghai Pujing Chemical Technology Co Limited, Danhua Chemical Technology Co Limited, Orion Sutures India Private Limited, Shandong Haidike Medical Products Co Limited, Advanced Medical Solutions Group PLC, Lotus Surgicals Private Limited, LUX Sutures, and Biomaterial Co Limited.
Product innovations in food packaging are a key trend gaining popularity in the polyglycolic acid market. Key players operating in the polyglycolic acid market are focusing on the development of sustainable packaging to strengthen their position in the market.
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The Polyglycolic Acid market is segmented -
• By Form: Films, Fibers, Other Forms
• By Distribution Channel: Online, Offline
• By Industry: Pharmaceutical, Oil and Gas, Packaging, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Polyglycolic Acid market.
The Business Research Company's "Global Polyglycolic Acid Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Polyglycolic Acid Market Include:
1. Executive Summary
2. Polyglycolic Acid Market Characteristics
3. Polyglycolic Acid Market Trends And Strategies
4. Polyglycolic Acid Market - Macro Economic Scenario
5. Polyglycolic Acid Market Size And Growth
.....
26. Africa Polyglycolic Acid Market
27. Polyglycolic Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyglycolic Acid Market
29. Polyglycolic Acid Market Future Outlook and Potential Analysis
30. Appendix
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Polyglycolide or poly(glycolic acid) (PGA), also spelled as polyglycolic acid is a biodegradable, semi-crystalline thermoplastic. It is also the simplest linear, aliphatic polyester. PGA resins are known for their excellent gas barrier properties, relative high strength, and excellent…
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