PLGA Market by Composition, Application (Medical, Non-Medical Applications), Processibility (Extrusion, Injection Molding), End-Use Industry (Healthcare, Biotech Firms, Medical Institutions, Packaging, Textile, Agriculture)

The PLGA market is projected to reach USD 321 million by 2030, at a CAGR of 16.6% from USD 125 million in 2024. Government initiatives and regulations wield substantial influence over the trajectory of the PLGA market. Regulatory support for biodegradable polymers, notably PLGA, varies globally, impacting market dynamics in significant ways. For instance, countries like Germany and France have implemented stringent regulations favoring eco-friendly materials in packaging. This has propelled the adoption of PLGA in the packaging industry, aligning with environmental directives and creating a demand for sustainable alternatives.

In the healthcare sector, the US Food and Drug Administration (FDA) emphasizes the importance of biocompatibility and biodegradability in medical devices. This aligns with the qualities inherent in PLGA, positioning it favorably for use in medical implants and drug delivery systems. The European Medicines Agency (EMA) also follows a similar path, promoting the use of biodegradable materials in pharmaceutical applications, bolstering the market for PLGA-based drug delivery solutions. Furthermore, countries like Japan, with a strong focus on technological innovation, have implemented supportive policies for research and development in biodegradable polymers. Such initiatives encourage companies to invest in advancing technologies related to PLGA, fostering innovation and market growth.

Based on composition type, high glycolic acid grades segment is expected to be the fastest growing market during the forecast period, in terms of value.

These grades are distinguished by their exceptional purity, consistency, and specialized properties, catering to a variety of industrial and commercial applications beyond the medical field. In non-medical sectors, high glycolic acid PLGA grades find utility in diverse applications. For instance, in the cosmetics and personal care industry, they serve as valuable components in skincare formulations, offering benefits such as enhanced exfoliation, moisturization, and improved skin texture. Moreover, in the realm of agriculture, these grades may contribute to the development of biodegradable mulching films and controlled-release systems for agricultural chemicals, fostering sustainable practices. Additionally, high glycolic acid PLGA grades can be utilized in environmental applications, such as biodegradable packaging materials and wastewater treatment technologies, due to their biocompatibility and eco-friendly nature.

Based on application, Drug delivery is the largest market during the forecast period, in terms of value.

PLGA, a biodegradable and biocompatible polymer approved by regulatory authorities, serves as an ideal carrier for a diverse range of drugs, including small molecules, proteins, peptides, and nucleic acids. This technology enables pharmaceutical companies to enhance drug efficacy, improve patient compliance, and minimize side effects through targeted and sustained release formulations. The versatility of PLGA allows for customization of release kinetics, providing tailored therapeutic profiles suited to specific medical needs. Furthermore, PLGA-based drug delivery systems offer advantages such as prolonged circulation times, protection of drugs from degradation, and the ability to bypass biological barriers, thereby enhancing therapeutic outcomes.

Based on region, Asia Pacific is the fastest growing market for PLGA in 2023, in terms of value.

The Asia-Pacific region, particularly countries like China, India, and Southeast Asian nations, has experienced significant economic growth in recent years. This economic expansion has led to increased industrialization, urbanization, and a rise in consumer spending. The region is home to diverse and rapidly expanding industries, including textiles, healthcare, packaging, and plastics.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:

By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
By Designation: C-Level - 35%, Director Level - 25%, and Others - 40%
By Region: North America - 30%, Europe - 20%, Asia Pacific - 40%, Middle East & Africa - 5%, and Latin America - 5%

The key players in this market are Evonik (Germany), Corbion NV (Netherlands), Ashland (US), Mitsui Chemicals (Japan), Jinan Digang Bioengineering Co., Ltd. (China), Merck (Germany), Akina, Inc. (US), Nomisma Healthcare Pvt. Ltd. (India), Bezwada Biomedical, LLC (US), CD Bioparticles (US).

Research Coverage

This report segments the PLGA market based on composition, processibility, application, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the PLGA market.

Key benefits of buying this report

This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the PLGA market, high-growth regions, and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Analysis of key drivers (Exceptional biodegradability and biocompatibility nature, Government initiatives and regulations), restraints (Complex manufacturing process, Limited mechanical strength), opportunities (Global expansion in healthcare industry) and challenges (Cost intensive process and scalability problem, Stiff competition from alternative material’s).
Market Penetration: Comprehensive information on the PLGA market offered by top players in the global PLGA market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the PLGA market.
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for PLGA market across regions.
Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global PLGA market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the PLGA market

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Stakeholders

2 Research Methodology

2.1 Research Data
Figure 1 Plga Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Primary Interviews - Demand and Supply Side
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 2 Plga Market: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 3 Plga Market: Top-Down Approach
2.3 Forecast Number Calculation
Figure 4 Demand-Side Forecast Projections
2.4 Data Triangulation
Figure 5 Plga Market: Data Triangulation
2.5 Factor Analysis
2.6 Assumptions
2.7 Limitations & Risks Associated with Plga Market
2.8 Recession Impact

3 Executive Summary

Figure 6 Extrusion Process to be Largest Segment During Forecast Period
Figure 7 High Lactic Acid Grade to be Leading Composition Type Segment During Forecast Period
Figure 8 Packaging to be Fastest-Growing End-Use Industry During Forecast Period
Figure 9 Non-Medical to be Faster-Growing Application Segment During Forecast Period
Figure 10 Asia-Pacific to be Fastest-Growing Market During Forecast Period

4 Premium Insights

4.1 Attractive Opportunities for Players in Plga Market
Figure 11 Emerging Economies to Witness High Growth in Plga Market
4.2 Plga Market, by End-Use Industry
Figure 12 Packaging Industry to Lead Overall Market, During Forecast Period

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
Figure 13 Drivers, Restraints, Opportunities, and Challenges in Plga Market
5.2.1 Drivers
5.2.1.1 Exceptional Biodegradability and Biocompatibility
5.2.1.2 Enhanced Barrier Properties of Plga Elevating Food Preservation
5.2.1.3 Government Initiatives and Regulations
Table 1 Plga Market: Government Initiatives and Regulations
5.2.2 Restraints
5.2.2.1 Complex Manufacturing Process
5.2.2.2 Limited Mechanical Strength
5.2.3 Opportunities
5.2.3.1 Promising Frontier in Mulch Film Application
5.2.3.2 Leveraging Plga Poly-Coated Films for Sustainable Food Service Packaging
5.2.3.3 Global Expansion in Healthcare Industry
5.2.4 Challenges
5.2.4.1 Cost-Intensive Process and Scalability Problem
5.2.4.2 Stiff Competition from Alternative Materials
5.3 Value Chain Analysis
Figure 14 Value Chain Analysis
5.3.1 Raw Material Suppliers
5.3.2 Manufacturers
5.3.3 Distributors
5.3.4 End-users
5.4 Porter's Five Forces Analysis
Figure 15 Plga Market: Porter's Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Suppliers
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry
Table 2 Plga Market: Porter's Five Forces Analysis
5.5 Patent Analysis
5.5.1 Methodology
5.5.2 Document Types
Figure 16 Granted Patents
5.5.3 Publication Trends in Last 10 Years
5.5.4 Insights
5.5.5 Jurisdiction Analysis
5.5.6 Top Applicants
Table 3 Top Patent Applicants in Last 10 Years
5.6 Ecosystem/Market Map
Figure 17 Plga Market Ecosystem
Table 4 Plga: Ecosystem
5.7 Trade Analysis
5.7.1 Import Scenario of Polylactic Acid
Figure 18 Import of Pla, by Key Country, 2018-2022
5.7.2 Export Scenario of Polylactic Acid
Figure 19 Export of Pla, by Key Country, 2018-2022
5.8 Macroeconomic Overview and Key Trends
5.8.1 Plastic Production
Table 5 Plastic Production (Million Tons)
5.8.2 Eu Packaging Waste Generated, Recovered, and Recycled
Figure 20 Eu Packaging Waste Generated, Recovered, and Recycled, 2010-2021 (Kg/Capita)
5.9 Technology Analysis
5.9.1 Volta Technology
5.9.2 Nanoparticle Formulation
5.9.3 Smart Plga Systems
5.9.4 Hybrid Materials
5.10 Tariff & Regulatory Landscape
5.10.1 Key Country-Level Analysis of Regulatory Developments Favoring Adoption of Plga
5.10.1.1 Direct Developments
5.10.1.1.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 Regulatory Bodies, Government Agencies, and Other Organizations
5.11 Indirect Developments
5.11.1 North America
5.11.1.1 US
5.11.1.2 Canada
5.11.1.3 Mexico
5.11.2 Europe
5.11.2.1 Germany
5.11.2.2 France
5.11.2.3 Spain
5.11.2.4 UK
5.11.2.5 Sweden
5.11.3 Asia-Pacific
5.11.3.1 China
5.11.3.2 Japan
5.11.3.3 India
5.11.3.4 Australia & New Zealand
5.11.3.5 Other Asian Countries
5.11.4 Middle East & Africa and South America
5.11.4.1 Middle East & Africa
5.11.4.2 South America
5.12 Early Adopting Countries
Figure 21 Single-Use Plastic Ban, by Country
Figure 22 Road to Net Zero: Carbon Neutrality by Target Year
Figure 23 Early Adopting Countries for Plga
5.12.1 US
5.12.2 Canada
5.12.3 Germany
5.12.4 China
5.12.5 UK
5.12.6 Japan
5.12.7 Denmark
5.12.8 Netherlands
5.12.9 Sweden
5.12.10 Norway
5.13 Medium Adopting Countries
Figure 24 Medium Adopting Countries for Plga
5.13.1 India
5.13.2 France
5.13.3 Australia
5.13.4 Brazil
5.13.5 South Korea
5.13.6 Spain
5.13.7 Mexico
5.13.8 Thailand
5.13.9 Poland
5.13.10 Turkey
5.14 Trends/Disruptions Impacting Customer's Business
Figure 25 Trends/Disruptions Impacting Customer's Business in Plga Market
5.15 Key Conferences & Events in 2024-2025
Table 7 Plga Market: Key Conferences & Events, 2024-2025
5.16 Key Stakeholders & Buying Criteria
5.16.1 Key Unmet Needs of Various End-users
5.17 Key Stakeholders in Buying Process
5.17.1 Buying Criteria
Figure 26 Supplier Selection Criterion
5.17.1.1 Price
5.17.1.2 Sustainability
5.17.1.3 Performance (Barrier Properties)
5.17.1.4 Availability
5.17.1.5 Regulations
5.17.1.6 Brand Reputation
5.17.1.7 Market Trends
5.17.1.8 Application Suitability
5.18 Comparative Market Replacement Assessment for Plga Replacing Alternative Polymers
5.18.1 Food Packaging
5.18.1.1 Comparison with Bio-Based Polymers
5.18.1.2 Comparison with Fossil-Based Polymers
5.18.2 Disposable Cutlery
5.18.2.1 Comparison with Bio-Based Polymers
5.18.2.2 Comparison with Fossil-Based Polymers
5.18.3 Agriculture Films
5.18.3.1 Comparison with Bio-Based Polymers
5.18.3.2 Comparison with Fossil-Based Polymers
5.19 Pricing Analysis
5.19.1 Plga Pricing Trend
5.19.1.1 Average Selling Price Trend, by End-user
Figure 27 Average Selling Price, by Product Type (USD/Kg)
5.19.2 Plga Prices in Comparison of Other Nearest Competing Polymers
5.19.2.1 Comparative Average Selling Price Trend, by Type
Figure 28 Comparative Average Selling Price, by Product Type (USD/Kg)
5.20 Case Study Analysis
5.20.1 Nomisma Healthcare
5.21 Investment and Funding Scenario
Figure 29 Investment and Funding Scenario
5.22 Funding, by Use-Case/Application
Figure 30 Funding, by Use-Case/Application

6 Plga Market, by End-Use Industry

6.1 Introduction
Figure 31 Plga Market, by End-Use Industry, 2023-2030 (USD Million)
Table 8 Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 9 Plga Market, by End-Use Industry, 2023-2030 (USD Million)
Table 10 Plga Market, by End-Use Industry, 2020-2022 (Ton)
Table 11 Plga Market, by End-Use Industry, 2023-2030 (Ton)
6.2 Healthcare
6.2.1 Innovation in Treatment Options to Drive Market
6.3 Biotech Firms
6.3.1 Increasing Demand for Regenerative Therapies to Drive Market
6.4 Medical Institutions
6.4.1 Widespread Adoption and Integration to Drive Market
6.5 Packaging
6.5.1 Compatibility with Industry Regulations to Drive Market
6.6 Textile
6.6.1 Growing Demand for Sustainable and Ethically Produced Goods to Drive Market
6.7 Agriculture
6.7.1 Low Labor and Operational Costs to Drive Market
6.8 Other End-Use Industries

7 Plga Market, by Composition

7.1 Introduction
Figure 32 Plga Market, by Composition, 2023-2030 (USD Million)
Table 12 Plga Market, by Composition, 2020-2022 (USD Million)
Table 13 Plga Market, by Composition, 2023-2030 (USD Million)
7.2 High Lactic Acid Grade
7.2.1 Development of Advanced Medical Treatments and Interventions to Drive Market
7.2.2 Plga 50:50
7.2.3 Plga 55:45
7.2.4 Plga 65:35
7.2.5 Plga 75:25
7.2.6 Plga 85:15
7.2.7 Other High Lactic Acid Grade
7.3 High Glycolic Acid Grade
7.3.1 Advanced Degradation Kinetics and Hydrophilicity to Drive Market
7.3.2 Plga 12:88
7.3.3 Plga 10:90
7.3.4 Other High Glycolic Acid Grade

8 Plga Market, by Application

8.1 Introduction
Figure 33 Non-Medical Application to Register Higher CAGR During Forecast Period
Table 14 Plga Market, by Application, 2020-2022 (USD Million)
Table 15 Plga Market, by Application, 2023-2030 (USD Million)
8.2 Medical Applications
8.3 Non-Medical Applications
8.3.1 Packaging
8.3.1.1 Food Packaging
8.3.1.2 Other Packaging Applications
8.3.2 Disposable Cutlery
8.3.3 Textile
8.3.4 Agriculture Films
8.3.5 Other Non-Medical Applications

9 Plga Market, by Processibility

9.1 Introduction
Figure 34 Injection Molding Segment to Register Highest CAGR During Forecast Period
Table 16 Plga Market, by Processibility, 2020-2022 (USD Million)
Table 17 Plga Market, by Processibility, 2023-2030 (USD Million)
9.2 Extrusion
9.3 Injection Molding
9.4 Other Processibilities

10 Plga Market, by Region

10.1 Introduction
Figure 35 Japan to Lead Plga Market During Forecast Period
Table 18 Plga Market, by Region, 2020-2022 (USD Million)
Table 19 Plga Market, by Region, 2023-2030 (USD Million)
Table 20 Plga Market, by Region, 2020-2022 (Ton)
Table 21 Plga Market, by Region, 2023-2030 (Ton)
10.2 North America
10.2.1 Recession Impact
Figure 36 North America: Plga Market Snapshot
Table 22 North America: Plga Market, by Country, 2020-2022 (USD Million)
Table 23 North America: Plga Market, by Country, 2023-2030 (USD Million)
Table 24 North America: Plga Market, by Country, 2020-2022 (Ton)
Table 25 North America: Plga Market, by Country, 2023-2030 (Ton)
Table 26 North America: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 27 North America: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
Table 28 North America: Plga Market, by End-Use Industry, 2020-2022 (Ton)
Table 29 North America: Plga Market, by End-Use Industry, 2023-2030 (Ton)
10.2.2 US
10.2.2.1 Stringent Environmental Regulations to Drive Market
Table 30 US: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 31 US: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.2.3 Canada
10.2.3.1 Highly Diversified and Developed Economy to Drive Market
Table 32 Canada: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 33 Canada: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.2.4 Mexico
10.2.4.1 Skilled Workforce, Geographic Advantages, and Political and Economic Stability to Drive Market
Table 34 Mexico: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 35 Mexico: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.3 Asia-Pacific
10.3.1 Recession Impact
Figure 37 Asia-Pacific: Plga Market Snapshot
Table 36 Asia-Pacific: Plga Market, by Country, 2020-2022 (USD Million)
Table 37 Asia-Pacific: Plga Market, by Country, 2023-2030 (USD Million)
Table 38 Asia-Pacific: Plga Market, by Country, 2020-2022 (Ton)
Table 39 Asia-Pacific: Plga Market, by Country, 2023-2030 (Ton)
Table 40 Asia-Pacific: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 41 Asia-Pacific: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
Table 42 Asia-Pacific: Plga Market, by End-Use Industry, 2020-2022 (Ton)
Table 43 Asia-Pacific: Plga Market, by End-Use Industry, 2023-2030 (Ton)
10.3.2 China
10.3.2.1 Stringent Regulatory Frameworks and Open Economy to Drive Market
Table 44 China: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 45 China: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.3.3 Japan
10.3.3.1 Rapidly Aging Population and Well-Established R&D Centers to Drive Market
Table 46 Japan: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 47 Japan: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.3.4 India
10.3.4.1 High Purchasing Power, Changing Buyers’ Preferences, and Government Initiatives to Drive Market
Table 48 India: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 49 India: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.3.5 South Korea
10.3.5.1 Favorable Government Policies to Drive Market
Table 50 South Korea: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 51 South Korea: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.3.6 Rest of Asia-Pacific
Table 52 Rest of Asia-Pacific: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 53 Rest of Asia-Pacific: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.4 Europe
10.4.1 Recession Impact
Figure 38 Europe: Plga Market Snapshot
Table 54 Europe: Plga Market, by Country, 2020-2022 (USD Million)
Table 55 Europe: Plga Market, by Country, 2023-2030 (USD Million)
Table 56 Europe: Plga Market, by Country, 2020-2022 (Ton)
Table 57 Europe: Plga Market, by Country, 2023-2030 (Ton)
Table 58 Europe: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 59 Europe: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
Table 60 Europe: Plga Market, by End-Use Industry, 2020-2022 (Ton)
Table 61 Europe: Plga Market, by End-Use Industry, 2023-2030 (Ton)
10.4.2 Germany
10.4.2.1 Business-Friendly Tax Conditions and Export-Driven Economy to Drive Market
Table 62 Germany: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 63 Germany: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.4.3 France
10.4.3.1 Final Incentives and Single-Use Plastic Ban to Boost Market
Table 64 France: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 65 France: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.4.4 UK
10.4.4.1 New Reformed Policies and Renewed Investments to Drive Market
Table 66 UK: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 67 UK: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.4.5 Italy
10.4.5.1 Growth of Packaging Industry to Boost Market
Table 68 Italy: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 69 Italy: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.4.6 Rest of Europe
Table 70 Rest of Europe: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 71 Rest of Europe: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.5 Middle East & Africa
10.5.1 Recession Impact
Table 72 Middle East & Africa: Plga Market, by Country, 2020-2022 (USD Million)
Table 73 Middle East & Africa: Plga Market, by Country, 2023-2030 (USD Million)
Table 74 Middle East & Africa: Plga Market, by Country, 2020-2022 (Ton)
Table 75 Middle East & Africa: Plga Market, by Country, 2023-2030 (Ton)
Table 76 Middle East & Africa: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 77 Middle East & Africa: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
Table 78 Middle East & Africa: Plga Market, by End-Use Industry, 2020-2022 (Ton)
Table 79 Middle East & Africa: Plga Market, by End-Use Industry, 2023-2030 (Ton)
10.5.2 Gcc Countries
Table 80 Gcc Countries: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 81 Gcc Countries: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.5.2.1 Saudi Arabia
10.5.2.1.1 Demographic Shifts, Urbanization, and Workforce Productivity to Drive Market
Table 82 Saudi Arabia: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 83 Saudi Arabia: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.5.3 South Africa
10.5.3.1 Advancements in Bioplastic Research and Innovation to Drive Market
Table 84 South Africa: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 85 South Africa: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.5.4 Rest of the Middle East & Africa
Table 86 Rest of Middle East & Africa: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 87 Rest of Middle East & Africa: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.6 South America
10.6.1 Recession Impact
Table 88 South America: Plga Market, by Country, 2020-2022 (USD Million)
Table 89 South America: Plga Market, by Country, 2023-2030 (USD Million)
Table 90 South America: Plga Market, by Country, 2020-2022 (Ton)
Table 91 South America: Plga Market, by Country, 2023-2030 (Ton)
Table 92 South America: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 93 South America: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
Table 94 South America: Plga Market, by End-Use Industry, 2020-2022 (Ton)
Table 95 South America: Plga Market, by End-Use Industry, 2023-2030 (Ton)
10.6.2 Brazil
10.6.2.1 High Demand for Personal Care, Home Care & Toiletries, and Functional & Nutraceutical Foods to Drive Market
Table 96 Brazil: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 97 Brazil: Plga Market, by End-Use Industry, 2023-2030 (USD Million)
10.6.3 Rest of South America
Table 98 Rest of South America: Plga Market, by End-Use Industry, 2020-2022 (USD Million)
Table 99 Rest of South America: Plga Market, by End-Use Industry, 2023-2030 (USD Million)

11 Competitive Landscape

11.1 Key Player Strategies/Right to Win
Figure 39 Companies Adopted Product Launch and Expansion as Key Growth Strategies Between 2019 and 2023
11.2 Revenue Analysis
Figure 40 Revenue Analysis
11.3 Market Share Analysis
Figure 41 Ranking of Key Market Players
Figure 42 Market Share of Key Players, 2023
Table 100 Plga Market: Degree of Competition
11.4 Company Evaluation Matrix, 2023 (Tier 1)
11.4.1 Star Players
11.4.2 Emerging Leaders
11.4.3 Pervasive Players
11.4.4 Participants
Figure 43 Plga Market: Company Evaluation Matrix, 2023
11.4.5 Company Footprint
Table 101 Company End-Use Industry Footprint
Table 102 Company Region Footprint
Figure 44 Company Product Footprint
Table 103 Company Footprint
11.5 Start-Ups/SMEs Evaluation Matrix
11.5.1 Progressive Companies
11.5.2 Responsive Companies
11.5.3 Dynamic Companies
11.5.4 Starting Blocks
Figure 45 Plga Market: Start-Ups and SMEs Matrix, 2023
11.5.5 Competitive Benchmarking
Table 104 Plga Market: Competitive Benchmarking of Key Start-Ups/SMEs
Table 105 Detailed List of Companies
11.6 Company Valuation and Financial Matrix
Figure 46 Company Valuation
Figure 47 Financial Metrics
11.7 Brand/Product Comparison
Figure 48 Brand/Product Comparison
11.8 Competitive Scenario and Trends
11.8.1 Product Launches
Table 106 Plga Market: Product Launches, January 2019-December 2023
11.8.2 Deals
Table 107 Plga Market: Deals, January 2019-December 2023
11.8.3 Expansions
Table 108 Plga Market: Expansions, January 2019-December 2023

12 Company Profiles

12.1 Major Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
12.1.1 Evonik
Table 109 Evonik: Company Overview
Figure 49 Evonik: Company Snapshot
Table 110 Evonik: Products/Solutions/Services Offered
Table 111 Evonik: Product Launches
Table 112 Evonik: Deals
Table 113 Evonik: Others
12.1.2 Corbion Nv
Table 114 Corbion Nv: Company Overview
Figure 50 Corbion Nv: Company Snapshot
Table 115 Corbion Nv: Products/Solutions/Services Offered
Table 116 Corbion Nv: Deals
Table 117 Corbion Nv: Others
12.1.3 Ashland
Table 118 Ashland: Company Overview
Figure 51 Ashland: Company Snapshot
Table 119 Ashland: Products/Solutions/Services Offered
Table 120 Ashland: Product Launches
Table 121 Ashland: Others
12.1.4 Mitsui Chemicals
Table 122 Mitsui Chemicals: Company Overview
Figure 52 Mitsui Chemicals: Company Snapshot
Table 123 Mitsui Chemicals: Products/Solutions/Services Offered
12.1.5 Merck KGaA
Table 124 Merck KGaA: Company Overview
Table 125 Merck KGaA: Products/Solutions/Services Offered
Table 126 Merck KGaA: Deals
Table 127 Merck KGaA: Others
12.1.6 Jinan Daigang Bioengineering Co., Ltd.
Table 128 Jinan Daigang Bioengineering Co., Ltd.: Company Overview
Table 129 Jinan Daigang Bioengineering Co., Ltd.: Products/Solutions/ Services Offered
12.1.7 Akina, Inc.
Table 130 Akina, Inc.: Company Overview
Table 131 Akina, Inc.: Products/Solutions/Services Offered
12.1.8 Nomisma Healthcare Pvt. Ltd.
Table 132 Nomisma Healthcare Pvt. Ltd.: Company Overview
Table 133 Nomisma Healthcare Pvt. Ltd.: Products/Solutions/Services Offered
12.1.9 Bezwada Biomedical, LLC
Table 134 Bezwada Biomedical, LLC: Company Overview
Table 135 Bezwada Biomedical, LLC: Products/Solutions/Services Offered
12.1.10 Cd Bioparticles
Table 136 Cd Bioparticles: Company Overview
Table 137 Cd Bioparticles: Products/Solutions/Services Offered
12.2 Other Key Players
12.2.1 Creative Pegworks
Table 138 Creative Pegworks: Company Overview
12.2.2 Polysciences, Inc.
Table 139 Polysciences, Inc.: Company Overview
12.2.3 Seqens
Table 140 Seqens: Company Overview
12.2.4 Zeus Company Inc.
Table 141 Zeus Company Inc.: Company Overview
12.2.5 Hosokawa Micron Group
Table 142 Hosokawa Micron Group: Company Overview
12.2.6 Biosynth Ltd.
Table 143 Biosynth Ltd.: Company Overview
12.2.7 Foster Corporation
Table 144 Foster Corporation: Company Overview
12.2.8 Teleflex Medical OEM
Table 145 Teleflex Medical OEM.: Company Overview
12.2.9 Alfa Chemistry
Table 146 Alfa Chemistry: Company Overview
12.2.10 Creative Diagnostics
Table 147 Creative Diagnostics: Company Overview
12.2.11 Tty Biopharm
Table 148 Tty Biopharm: Company Overview
12.2.12 Bmg Inc.
Table 149 Bmg Inc.: Company Overview
12.2.13 Musashino
Table 150 Musashino: Company Overview
12.2.14 Specific Polymers
Table 151 Specific Polymers: Company Overview
12.2.15 Fortis Life Sciences
Table 152 Fortis Life Sciences: Company Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.

13 Appendix

13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Companies Mentioned

Evonik
Corbion Nv
Ashland
Mitsui Chemicals
Merck KGaA
Jinan Daigang Bioengineering Co., Ltd.
Akina, Inc.
Nomisma Healthcare Pvt. Ltd.
Bezwada Biomedical, LLC
Cd Bioparticles
Creative Pegworks
Polysciences, Inc.
Seqens

Table Information

Report Attribute	Details
No. of Pages	202
Published	March 2024
Forecast Period	2024 - 2030
Estimated Market Value ( USD ) in 2024	$ 125 Million
Forecasted Market Value ( USD ) by 2030	$ 321 Million
Compound Annual Growth Rate	16.6%
Regions Covered	Global
No. of Companies Mentioned	13

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PLGA Market by Composition, Application (Medical, Non-Medical Applications), Processibility (Extrusion, Injection Molding), End-Use Industry (Healthcare, Biotech Firms, Medical Institutions, Packaging, Textile, Agriculture) - Forecast to 2030

Based on composition type, high glycolic acid grades segment is expected to be the fastest growing market during the forecast period, in terms of value.

Based on application, Drug delivery is the largest market during the forecast period, in terms of value.

Based on region, Asia Pacific is the fastest growing market for PLGA in 2023, in terms of value.

Research Coverage

Key benefits of buying this report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Table Information

Based on composition type, high glycolic acid grades segment is expected to be the fastest growing market during the forecast period, in terms of value.

Based on application, Drug delivery is the largest market during the forecast period, in terms of value.

Based on region, Asia Pacific is the fastest growing market for PLGA in 2023, in terms of value.

Research Coverage

Key benefits of buying this report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Table Information

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