Asia Pacific Polyglycolic Acid Market Size, Share, Growth Insight – 11.2% Estimated CAGR Growth By 2030

The Asia Pacific Polyglycolic Acid Market is estimated to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024-30.                          

Key Findings of the Study: Asia Pacific Polyglycolic Acid Market

Asia Pacific Polyglycolic Acid Market Driver: Rising Demand for Packaged Food to Propel Growth of Sustainable Packaging

The growing working population, has led to increasingly busy schedules. As a result, there is a rising demand for convenient food options such as packaged foods and ready-to-eat meals. Furthermore, governments across the countries have introduced various initiatives to encourage sustainable packaging practices. This results in the food & beverage companies increasingly adopting sustainable packaging methods to reduce the harm caused by packaging materials to the shelf life of food. Hence, this sustainable packaging includes the incorporation of polyglycolic acid material which is expected to impact their market growth in the forthcoming period.

In 2024, the National Mission on Sustainable Packaging Solution’s introduction was announced by the Council of Scientific and Industrial Research (CSIR). The mission aims to develop solutions for sustainable packaging.

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Scope of the Report and Asia Pacific Polyglycolic Acid Market Segmentation

By End User

-Medical

-Oil & Gas

-Packaging

-Others (Agriculture, Manufacturing, etc.)

  • The medical sector holds a considerable market share in the Asia Pacific Polyglycolic Acid Market.

By Form

-Composites

-Film

-Fiber

-Others (Plate, Rod, etc.)

Top leading companies in the Asia Pacific Polyglycolic Acid Market includes:

BMG Incorporated, Kureha Corporation, Merck KGaA, Polysciences Inc., Huizhou Foryou Medical Devices Co., Ltd., Haihang Industry, Teleflex Incorporated, Hefei TNJ Chemical Industry Co.,Ltd., Polylactide, Inc., Vizag Chemicals, Others

For more detailed information about the Asia Pacific Polyglycolic Acid market report, click here – https://www.marknteladvisors.com/research-library/apac-polyglycolic-acid-market.html                                   

Geographical analysis:

China

Japan

India

South Korea

Australia

Singapore

Vietnam

The Philippines

Rest of Asia-Pacific

  • China holds a significant market share in the Polyglycolic Acid (PGA) market of Asia Pacific.

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