Polyglycolic Acid Market Report 2026

The polyglycolic acid market size has grown rapidly in recent years. It will grow from $5.67 billion in 2025 to $6.27 billion in 2026 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to growth in surgical procedures, increasing use of absorbable sutures, expansion of healthcare infrastructure, rising demand for biodegradable polymers, advancements in polymer processing technologies.

The polyglycolic acid market size is expected to see strong growth in the next few years. It will grow to $9.18 billion in 2030 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to rising demand for minimally invasive surgeries, increasing adoption of biodegradable packaging films, expansion of medical device manufacturing, growing focus on bioresorbable materials, increasing investment in advanced polymer R&D. Major trends in the forecast period include rising adoption of absorbable surgical materials, increasing use in biodegradable medical devices, growing demand for high-strength sutures, expansion of pga-based barrier films, enhanced focus on biocompatible polymers.

Increasing demand in the packaging industry is expected to propel the growth of the polyglycolic acid (PGA) market. Packaging, used for branding and as an additional protective layer for food products, is witnessing high demand across several end-use sectors, including healthcare, food, cosmetics, and personal care. Polyglycolic acid is particularly preferred for high-gas barrier packaging applications due to its performance and sustainability attributes. For instance, in April 2023, according to Trivium Packaging, a Netherlands-based packaging company, 82% of consumers were willing to pay more for sustainable packaging, up 4 percentage points from 2022. The report also highlighted that 71% of consumers actively choose products based on packaging sustainability, while 63% are less likely to purchase products with environmentally harmful packaging. Therefore, increasing demand in the packaging industry is driving growth in the polyglycolic acid market.

The growing oil and gas industry is also expected to boost the polyglycolic acid market in the coming years. The oil and gas sector encompasses global activities related to exploration, extraction, refining, transportation, and distribution of oil and natural gas resources. Polyglycolic acid finds applications in the industry for producing biodegradable frac balls and plugs used as closures in hydraulic fracturing and well operations. For instance, in November 2023, the Oil & Gas Journal (OGJ), a US-based industry publication, reported that global oil demand increased by approximately 0.8 million barrels per day in 2024 compared to 2023. Therefore, the expansion of the oil and gas industry is driving polyglycolic acid market growth.

In August 2023, PureTech Scientific LLC, backed by Iron Path Capital and a US-based producer specializing in the organic synthesis of high-purity alpha hydroxy acids, completed the acquisition of The Chemours Company's Glycolic Acid business for $137 million. This strategic move aligns with PureTech Scientific's objective to diversify its product portfolio and reinforce its standing within the specialty chemicals market. The Chemours Company, a US-based chemical firm, was the previous owner of the Glycolic Acid business acquired by PureTech Scientific.

Major companies operating in the polyglycolic acid market are Kureha Corporation, Teleflex Incorporated, Medtronic plc, Johnson & Johnson (Ethicon), B. Braun Melsungen AG, Smith & Nephew plc, Peters Surgical, Meta Biomed Co. Ltd., Unisur Lifecare Pvt. Ltd., Samyang Biopharm Corporation, Boen Healthcare Co. Ltd., Huizhou Foryou Medical Devices Co. Ltd., Shenzhen Polymtek Biomaterial Co. Ltd., Shandong Haidike Medical Products Co. Ltd., Advanced Medical Solutions Group PLC, Orion Sutures India Pvt. Ltd., Lotus Surgicals Private Limited, Assut Medical Sàrl, Dolphin Sutures, Sutures India Private Limited, Maneklal Global Exports Pvt. Ltd.

North America was the largest region in the polyglycolic acid market in 2025. The regions covered in the polyglycolic acid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the polyglycolic acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The polyglycolic acid market consists of sales of industrial-grade and medical-grade polyglycolic acid. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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