出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年4月
PLGA Market – Global Forecast to 2030
PLGA市場 : 組成、用途 (医療、非医療用途)、加工性 (押出、射出成形)、最終用途産業 (ヘルスケア、バイオテクノロジー企業、医療機関、包装、繊維、農業) – 2030年までの世界予測
PLGA Market by Composition, Application (Medical, Non-Medical Applications), Processibility (Extrusion, Injection Molding), End-Use Industry (Healthcare, Biotech Firms, Medical Institutions, Packaging, Textile, Agriculture) – Global Forecast to 2030
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| 価格 | |
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| コーポレート（サイト）ライセンス | USD 8,150 |
| エンタープライズライセンス | USD 10,000 |
| 種別 | 英文調査報告書 |
Report Overview
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.
PLGA市場は、2024年の1億2,500万米ドルから16.6%のCAGRで、2030年までに3億2,100万米ドルに達すると予測されています。政府の取り組みと規制は、PLGA市場の軌道に大きな影響を及ぼします。
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
Table of Contents
1 INTRODUCTION 19
1.1 STUDY OBJECTIVES 19
1.2 MARKET DEFINITION 19
1.2.1 INCLUSIONS & EXCLUSIONS 20
1.3 STUDY SCOPE 20
1.3.1 MARKETS COVERED 20
1.3.2 REGIONS COVERED 21
1.3.3 YEARS CONSIDERED 21
1.4 CURRENCY CONSIDERED 22
1.5 UNITS CONSIDERED 22
1.6 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
FIGURE 1 PLGA MARKET: RESEARCH DESIGN 23
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.1.2.2 Primary interviews – demand and supply side 26
2.1.2.3 Key industry insights 26
2.1.2.4 Breakdown of primary interviews 26
2.2 MARKET SIZE ESTIMATION 27
2.2.1 BOTTOM-UP APPROACH 27
FIGURE 2 PLGA MARKET: BOTTOM-UP APPROACH 27
2.2.2 TOP-DOWN APPROACH 28
FIGURE 3 PLGA MARKET: TOP-DOWN APPROACH 28
2.3 FORECAST NUMBER CALCULATION 28
FIGURE 4 DEMAND-SIDE FORECAST PROJECTIONS 28
2.4 DATA TRIANGULATION 29
FIGURE 5 PLGA MARKET: DATA TRIANGULATION 29
2.5 FACTOR ANALYSIS 30
2.6 ASSUMPTIONS 30
2.7 LIMITATIONS & RISKS ASSOCIATED WITH PLGA MARKET 31
2.8 RECESSION IMPACT 31
3 EXECUTIVE SUMMARY 32
FIGURE 6 EXTRUSION PROCESS TO BE LARGEST SEGMENT DURING FORECAST PERIOD 32
FIGURE 7 HIGH LACTIC ACID GRADE TO BE LEADING COMPOSITION TYPE SEGMENT DURING FORECAST PERIOD 33
FIGURE 8 PACKAGING TO BE FASTEST-GROWING END-USE INDUSTRY DURING FORECAST PERIOD 34
FIGURE 9 NON-MEDICAL TO BE FASTER-GROWING APPLICATION SEGMENT DURING FORECAST PERIOD 34
FIGURE 10 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 35
4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PLGA MARKET 36
FIGURE 11 EMERGING ECONOMIES TO WITNESS HIGH GROWTH IN PLGA MARKET 36
4.2 PLGA MARKET, BY END-USE INDUSTRY 36
FIGURE 12 PACKAGING INDUSTRY TO LEAD OVERALL MARKET, DURING FORECAST PERIOD 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PLGA MARKET 37
5.2.1 DRIVERS 38
5.2.1.1 Exceptional biodegradability and biocompatibility 38
5.2.1.2 Enhanced barrier properties of PLGA elevating food preservation 38
5.2.1.3 Government initiatives and regulations 38
TABLE 1 PLGA MARKET: GOVERNMENT INITIATIVES AND REGULATIONS 39
5.2.2 RESTRAINTS 39
5.2.2.1 Complex manufacturing process 39
5.2.2.2 Limited mechanical strength 40
5.2.3 OPPORTUNITIES 40
5.2.3.1 Promising frontier in mulch film application 40
5.2.3.2 Leveraging PLGA poly-coated films for sustainable food service packaging 40
5.2.3.3 Global expansion in healthcare industry 41
5.2.4 CHALLENGES 41
5.2.4.1 Cost-intensive process and scalability problem 41
5.2.4.2 Stiff competition from alternative materials 42
5.3 VALUE CHAIN ANALYSIS 42
FIGURE 14 VALUE CHAIN ANALYSIS 43
5.3.1 RAW MATERIAL SUPPLIERS 43
5.3.2 MANUFACTURERS 43
5.3.3 DISTRIBUTORS 43
5.3.4 END USERS 44
5.4 PORTER’S FIVE FORCES ANALYSIS 44
FIGURE 15 PLGA MARKET: PORTER’S FIVE FORCES ANALYSIS 44
5.4.1 THREAT OF NEW ENTRANTS 44
5.4.2 THREAT OF SUBSTITUTES 45
5.4.3 BARGAINING POWER OF SUPPLIERS 45
5.4.4 BARGAINING POWER OF BUYERS 45
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 45
TABLE 2 PLGA MARKET: PORTER’S FIVE FORCES ANALYSIS 46
5.5 PATENT ANALYSIS 46
5.5.1 METHODOLOGY 46
5.5.2 DOCUMENT TYPES 46
FIGURE 16 GRANTED PATENTS 47
5.5.3 PUBLICATION TRENDS IN LAST 10 YEARS 47
5.5.4 INSIGHTS 47
5.5.5 JURISDICTION ANALYSIS 48
5.5.6 TOP APPLICANTS 48
TABLE 3 TOP PATENT APPLICANTS IN LAST 10 YEARS 48
5.6 ECOSYSTEM/MARKET MAP 51
FIGURE 17 PLGA MARKET ECOSYSTEM 51
TABLE 4 PLGA: ECOSYSTEM 51
5.7 TRADE ANALYSIS 52
5.7.1 IMPORT SCENARIO OF POLYLACTIC ACID 52
FIGURE 18 IMPORT OF PLA, BY KEY COUNTRY, 2018–2022 52
5.7.2 EXPORT SCENARIO OF POLYLACTIC ACID 52
FIGURE 19 EXPORT OF PLA, BY KEY COUNTRY, 2018–2022 53
5.8 MACROECONOMIC OVERVIEW AND KEY TRENDS 53
5.8.1 PLASTIC PRODUCTION 53
TABLE 5 PLASTIC PRODUCTION (MILLION TONS) 54
5.8.2 EU PACKAGING WASTE GENERATED, RECOVERED, AND RECYCLED 54
FIGURE 20 EU PACKAGING WASTE GENERATED, RECOVERED, AND RECYCLED, 2010–2021 (KG/CAPITA) 55
5.9 TECHNOLOGY ANALYSIS 55
5.9.1 VOLTA TECHNOLOGY 55
5.9.2 NANOPARTICLE FORMULATION 55
5.9.3 SMART PLGA SYSTEMS 56
5.9.4 HYBRID MATERIALS 56
5.10 TARIFF & REGULATORY LANDSCAPE 56
5.10.1 KEY COUNTRY-LEVEL ANALYSIS OF REGULATORY DEVELOPMENTS FAVORING ADOPTION OF PLGA 56
5.10.1.1 Direct Developments 56
5.10.1.1.1 Regulatory bodies, government agencies, and other organizations 57
TABLE 6 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 57
5.11 INDIRECT DEVELOPMENTS 58
5.11.1 NORTH AMERICA 58
5.11.1.1 US 58
5.11.1.2 Canada 59
5.11.1.3 Mexico 60
5.11.2 EUROPE 60
5.11.2.1 Germany 61
5.11.2.2 France 61
5.11.2.3 Spain 61
5.11.2.4 UK 61
5.11.2.5 Sweden 61
5.11.3 ASIA PACIFIC 62
5.11.3.1 China 62
5.11.3.2 Japan 62
5.11.3.3 India 62
5.11.3.4 Australia & New Zealand 62
5.11.3.5 Other Asian Countries 62
5.11.4 MIDDLE EAST & AFRICA AND SOUTH AMERICA 63
5.11.4.1 Middle East & Africa 63
5.11.4.2 South America 63
5.12 EARLY ADOPTING COUNTRIES 64
FIGURE 21 SINGLE-USE PLASTIC BAN, BY COUNTRY 64
FIGURE 22 ROAD TO NET ZERO: CARBON NEUTRALITY BY TARGET YEAR 65
FIGURE 23 EARLY ADOPTING COUNTRIES FOR PLGA 66
5.12.1 US 66
5.12.2 CANADA 66
5.12.3 GERMANY 67
5.12.4 CHINA 67
5.12.5 UK 67
5.12.6 JAPAN 67
5.12.7 DENMARK 67
5.12.8 NETHERLANDS 68
5.12.9 SWEDEN 68
5.12.10 NORWAY 68
5.13 MEDIUM ADOPTING COUNTRIES 68
FIGURE 24 MEDIUM ADOPTING COUNTRIES FOR PLGA 68
5.13.1 INDIA 69
5.13.2 FRANCE 69
5.13.3 AUSTRALIA 69
5.13.4 BRAZIL 69
5.13.5 SOUTH KOREA 70
5.13.6 SPAIN 70
5.13.7 MEXICO 70
5.13.8 THAILAND 70
5.13.9 POLAND 71
5.13.10 TURKEY 71
5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 71
FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS IN PLGA MARKET 71
5.15 KEY CONFERENCES & EVENTS IN 2024–2025 72
TABLE 7 PLGA MARKET: KEY CONFERENCES & EVENTS, 2024–2025 72
5.16 KEY STAKEHOLDERS & BUYING CRITERIA 73
5.16.1 KEY UNMET NEEDS OF VARIOUS END USERS 73
5.17 KEY STAKEHOLDERS IN BUYING PROCESS 74
5.17.1 BUYING CRITERIA 74
FIGURE 26 SUPPLIER SELECTION CRITERION 74
5.17.1.1 Price 74
5.17.1.2 Sustainability 74
5.17.1.3 Performance (Barrier Properties) 75
5.17.1.4 Availability 75
5.17.1.5 Regulations 75
5.17.1.6 Brand Reputation 75
5.17.1.7 Market Trends 76
5.17.1.8 Application Suitability 76
5.18 COMPARATIVE MARKET REPLACEMENT ASSESSMENT FOR PLGA REPLACING ALTERNATIVE POLYMERS 76
5.18.1 FOOD PACKAGING 76
5.18.1.1 Comparison with bio-based polymers 76
5.18.1.2 Comparison with fossil-based polymers 76
5.18.2 DISPOSABLE CUTLERY 77
5.18.2.1 Comparison with bio-based polymers 77
5.18.2.2 Comparison with fossil-based polymers 77
5.18.3 AGRICULTURE FILMS 77
5.18.3.1 Comparison with bio-based polymers 77
5.18.3.2 Comparison with fossil-based polymers 78
5.19 PRICING ANALYSIS 78
5.19.1 PLGA PRICING TREND 78
5.19.1.1 Average selling price trend, by end user 78
FIGURE 27 AVERAGE SELLING PRICE, BY PRODUCT TYPE (USD/KG) 78
5.19.2 PLGA PRICES IN COMPARISON OF OTHER NEAREST COMPETING POLYMERS 79
5.19.2.1 Comparative average selling price trend, by type 79
FIGURE 28 COMPARATIVE AVERAGE SELLING PRICE, BY PRODUCT TYPE (USD/KG) 79
5.20 CASE STUDY ANALYSIS 79
5.20.1 NOMISMA HEALTHCARE 79
5.21 INVESTMENT AND FUNDING SCENARIO 80
FIGURE 29 INVESTMENT AND FUNDING SCENARIO 80
5.22 FUNDING, BY USE-CASE/APPLICATION 80
FIGURE 30 FUNDING, BY USE-CASE/APPLICATION 80
6 PLGA MARKET, BY END-USE INDUSTRY 81
6.1 INTRODUCTION 82
FIGURE 31 PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 82
TABLE 8 PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 82
TABLE 9 PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 83
TABLE 10 PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (TON) 83
TABLE 11 PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (TON) 83
6.2 HEALTHCARE 84
6.2.1 INNOVATION IN TREATMENT OPTIONS TO DRIVE MARKET 84
6.3 BIOTECH FIRMS 84
6.3.1 INCREASING DEMAND FOR REGENERATIVE THERAPIES TO DRIVE MARKET 84
6.4 MEDICAL INSTITUTIONS 84
6.4.1 WIDESPREAD ADOPTION AND INTEGRATION TO DRIVE MARKET 84
6.5 PACKAGING 85
6.5.1 COMPATIBILITY WITH INDUSTRY REGULATIONS TO DRIVE MARKET 85
6.6 TEXTILE 85
6.6.1 GROWING DEMAND FOR SUSTAINABLE AND ETHICALLY PRODUCED GOODS TO DRIVE MARKET 85
6.7 AGRICULTURE 86
6.7.1 LOW LABOR AND OPERATIONAL COSTS TO DRIVE MARKET 86
6.8 OTHER END-USE INDUSTRIES 86
7 PLGA MARKET, BY COMPOSITION 87
7.1 INTRODUCTION 88
FIGURE 32 PLGA MARKET, BY COMPOSITION, 2023–2030 (USD MILLION) 88
TABLE 12 PLGA MARKET, BY COMPOSITION, 2020–2022 (USD MILLION) 88
TABLE 13 PLGA MARKET, BY COMPOSITION, 2023–2030 (USD MILLION) 89
7.2 HIGH LACTIC ACID GRADE 89
7.2.1 DEVELOPMENT OF ADVANCED MEDICAL TREATMENTS AND INTERVENTIONS TO DRIVE MARKET 89
7.2.2 PLGA 50:50 89
7.2.3 PLGA 55:45 90
7.2.4 PLGA 65:35 90
7.2.5 PLGA 75:25 90
7.2.6 PLGA 85:15 91
7.2.7 OTHER HIGH LACTIC ACID GRADE 91
7.3 HIGH GLYCOLIC ACID GRADE 91
7.3.1 ADVANCED DEGRADATION KINETICS AND HYDROPHILICITY TO DRIVE MARKET 91
7.3.2 PLGA 12:88 91
7.3.3 PLGA 10:90 92
7.3.4 OTHER HIGH GLYCOLIC ACID GRADE 92
8 PLGA MARKET, BY APPLICATION 93
8.1 INTRODUCTION 94
FIGURE 33 NON-MEDICAL APPLICATION TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 94
TABLE 14 PLGA MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 95
TABLE 15 PLGA MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 96
8.2 MEDICAL APPLICATIONS 96
8.3 NON-MEDICAL APPLICATIONS 97
8.3.1 PACKAGING 97
8.3.1.1 Food Packaging 98
8.3.1.2 Other packaging applications 98
8.3.2 DISPOSABLE CUTLERY 98
8.3.3 TEXTILE 99
8.3.4 AGRICULTURE FILMS 99
8.3.5 OTHER NON-MEDICAL APPLICATIONS 99
9 PLGA MARKET, BY PROCESSIBILITY 100
9.1 INTRODUCTION 101
FIGURE 34 INJECTION MOLDING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 101
TABLE 16 PLGA MARKET, BY PROCESSIBILITY, 2020–2022 (USD MILLION) 101
TABLE 17 PLGA MARKET, BY PROCESSIBILITY, 2023–2030 (USD MILLION) 101
9.2 EXTRUSION 102
9.3 INJECTION MOLDING 102
9.4 OTHER PROCESSIBILITIES 102
10 PLGA MARKET, BY REGION 103
10.1 INTRODUCTION 104
FIGURE 35 JAPAN TO LEAD PLGA MARKET DURING FORECAST PERIOD 104
TABLE 18 PLGA MARKET, BY REGION, 2020–2022 (USD MILLION) 104
TABLE 19 PLGA MARKET, BY REGION, 2023–2030 (USD MILLION) 104
TABLE 20 PLGA MARKET, BY REGION, 2020–2022 (TON) 105
TABLE 21 PLGA MARKET, BY REGION, 2023–2030 (TON) 105
10.2 NORTH AMERICA 105
10.2.1 RECESSION IMPACT 105
FIGURE 36 NORTH AMERICA: PLGA MARKET SNAPSHOT 106
TABLE 22 NORTH AMERICA: PLGA MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 106
TABLE 23 NORTH AMERICA: PLGA MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 107
TABLE 24 NORTH AMERICA: PLGA MARKET, BY COUNTRY, 2020–2022 (TON) 107
TABLE 25 NORTH AMERICA: PLGA MARKET, BY COUNTRY, 2023–2030 (TON) 107
TABLE 26 NORTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 107
TABLE 27 NORTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 108
TABLE 28 NORTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (TON) 108
TABLE 29 NORTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (TON) 108
10.2.2 US 109
10.2.2.1 Stringent environmental regulations to drive market 109
TABLE 30 US: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 109
TABLE 31 US: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 110
10.2.3 CANADA 110
10.2.3.1 Highly diversified and developed economy to drive market 110
TABLE 32 CANADA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 111
TABLE 33 CANADA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 111
10.2.4 MEXICO 111
10.2.4.1 Skilled workforce, geographic advantages, and political and economic stability to drive market 111
TABLE 34 MEXICO: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 112
TABLE 35 MEXICO: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 112
10.3 ASIA PACIFIC 112
10.3.1 RECESSION IMPACT 112
FIGURE 37 ASIA PACIFIC: PLGA MARKET SNAPSHOT 113
TABLE 36 ASIA PACIFIC: PLGA MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 113
TABLE 37 ASIA PACIFIC: PLGA MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 114
TABLE 38 ASIA PACIFIC: PLGA MARKET, BY COUNTRY, 2020–2022 (TON) 114
TABLE 39 ASIA PACIFIC: PLGA MARKET, BY COUNTRY, 2023–2030 (TON) 114
TABLE 40 ASIA PACIFIC: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 115
TABLE 41 ASIA PACIFIC: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 115
TABLE 42 ASIA PACIFIC: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (TON) 115
TABLE 43 ASIA PACIFIC: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (TON) 116
10.3.2 CHINA 116
10.3.2.1 Stringent regulatory frameworks and open economy to drive market 116
TABLE 44 CHINA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 116
TABLE 45 CHINA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 117
10.3.3 JAPAN 117
10.3.3.1 Rapidly aging population and well-established R&D centers to drive market 117
TABLE 46 JAPAN: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 118
TABLE 47 JAPAN: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 118
10.3.4 INDIA 118
10.3.4.1 High purchasing power, changing buyers’ preferences, and government initiatives to drive market 118
TABLE 48 INDIA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 119
TABLE 49 INDIA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 119
10.3.5 SOUTH KOREA 120
10.3.5.1 Favorable government policies to drive market 120
TABLE 50 SOUTH KOREA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 120
TABLE 51 SOUTH KOREA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 120
10.3.6 REST OF ASIA PACIFIC 121
TABLE 52 REST OF ASIA PACIFIC: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 121
TABLE 53 REST OF ASIA PACIFIC: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 121
10.4 EUROPE 122
10.4.1 RECESSION IMPACT 122
FIGURE 38 EUROPE: PLGA MARKET SNAPSHOT 122
TABLE 54 EUROPE: PLGA MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 123
TABLE 55 EUROPE: PLGA MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 123
TABLE 56 EUROPE: PLGA MARKET, BY COUNTRY, 2020–2022 (TON) 123
TABLE 57 EUROPE: PLGA MARKET, BY COUNTRY, 2023–2030 (TON) 124
TABLE 58 EUROPE: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 124
TABLE 59 EUROPE: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 124
TABLE 60 EUROPE: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (TON) 125
TABLE 61 EUROPE: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (TON) 125
10.4.2 GERMANY 125
10.4.2.1 Business-friendly tax conditions and export-driven economy to drive market 125
TABLE 62 GERMANY: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 126
TABLE 63 GERMANY: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 126
10.4.3 FRANCE 126
10.4.3.1 Final incentives and single-use plastic ban to boost market 126
TABLE 64 FRANCE: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 127
TABLE 65 FRANCE: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 127
10.4.4 UK 127
10.4.4.1 New reformed policies and renewed investments to drive market 127
TABLE 66 UK: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 128
TABLE 67 UK: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 128
10.4.5 ITALY 128
10.4.5.1 Growth of packaging industry to boost market 128
TABLE 68 ITALY: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 129
TABLE 69 ITALY: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 129
10.4.6 REST OF EUROPE 129
TABLE 70 REST OF EUROPE: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 130
TABLE 71 REST OF EUROPE: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 130
10.5 MIDDLE EAST & AFRICA 130
10.5.1 RECESSION IMPACT 130
TABLE 72 MIDDLE EAST & AFRICA: PLGA MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 131
TABLE 73 MIDDLE EAST & AFRICA: PLGA MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 131
TABLE 74 MIDDLE EAST & AFRICA: PLGA MARKET, BY COUNTRY, 2020–2022 (TON) 131
TABLE 75 MIDDLE EAST & AFRICA: PLGA MARKET, BY COUNTRY, 2023–2030 (TON) 132
TABLE 76 MIDDLE EAST & AFRICA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 132
TABLE 77 MIDDLE EAST & AFRICA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 132
TABLE 78 MIDDLE EAST & AFRICA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (TON) 133
TABLE 79 MIDDLE EAST & AFRICA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (TON) 133
10.5.2 GCC COUNTRIES 133
TABLE 80 GCC COUNTRIES: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 133
TABLE 81 GCC COUNTRIES: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 134
10.5.2.1 SAUDI ARABIA 134
10.5.2.1.1 Demographic shifts, urbanization, and workforce productivity to drive market 134
TABLE 82 SAUDI ARABIA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 134
TABLE 83 SAUDI ARABIA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 135
10.5.3 SOUTH AFRICA 135
10.5.3.1 Advancements in bioplastic research and innovation to drive market 135
TABLE 84 SOUTH AFRICA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 135
TABLE 85 SOUTH AFRICA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 136
10.5.4 REST OF THE MIDDLE EAST & AFRICA 136
TABLE 86 REST OF MIDDLE EAST & AFRICA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 136
TABLE 87 REST OF MIDDLE EAST & AFRICA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 136
10.6 SOUTH AMERICA 137
10.6.1 RECESSION IMPACT 137
TABLE 88 SOUTH AMERICA: PLGA MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 137
TABLE 89 SOUTH AMERICA: PLGA MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 137
TABLE 90 SOUTH AMERICA: PLGA MARKET, BY COUNTRY, 2020–2022 (TON) 137
TABLE 91 SOUTH AMERICA: PLGA MARKET, BY COUNTRY, 2023–2030 (TON) 138
TABLE 92 SOUTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 138
TABLE 93 SOUTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 138
TABLE 94 SOUTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (TON) 139
TABLE 95 SOUTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (TON) 139
10.6.2 BRAZIL 139
10.6.2.1 High demand for personal care, home care & toiletries, and functional & nutraceutical foods to drive market 139
TABLE 96 BRAZIL: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 140
TABLE 97 BRAZIL: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 140
10.6.3 REST OF SOUTH AMERICA 140
TABLE 98 REST OF SOUTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 140
TABLE 99 REST OF SOUTH AMERICA: PLGA MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 141
11 COMPETITIVE LANDSCAPE 142
11.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 142
FIGURE 39 COMPANIES ADOPTED PRODUCT LAUNCH AND EXPANSION AS KEY GROWTH STRATEGIES BETWEEN 2019 AND 2023 142
11.2 REVENUE ANALYSIS 143
FIGURE 40 REVENUE ANALYSIS 143
11.3 MARKET SHARE ANALYSIS 143
FIGURE 41 RANKING OF KEY MARKET PLAYERS 143
FIGURE 42 MARKET SHARE OF KEY PLAYERS, 2023 144
TABLE 100 PLGA MARKET: DEGREE OF COMPETITION 144
11.4 COMPANY EVALUATION MATRIX, 2023 (TIER 1) 145
11.4.1 STAR PLAYERS 145
11.4.2 EMERGING LEADERS 146
11.4.3 PERVASIVE PLAYERS 146
11.4.4 PARTICIPANTS 146
FIGURE 43 PLGA MARKET: COMPANY EVALUATION MATRIX, 2023 146
11.4.5 COMPANY FOOTPRINT 147
TABLE 101 COMPANY END-USE INDUSTRY FOOTPRINT 147
TABLE 102 COMPANY REGION FOOTPRINT 148
FIGURE 44 COMPANY PRODUCT FOOTPRINT 149
TABLE 103 COMPANY FOOTPRINT 150
11.5 START-UPS/SMES EVALUATION MATRIX 151
11.5.1 PROGRESSIVE COMPANIES 151
11.5.2 RESPONSIVE COMPANIES 151
11.5.3 DYNAMIC COMPANIES 151
11.5.4 STARTING BLOCKS 151
FIGURE 45 PLGA MARKET: START-UPS AND SMES MATRIX, 2023 152
11.5.5 COMPETITIVE BENCHMARKING 153
TABLE 104 PLGA MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 153
TABLE 105 DETAILED LIST OF COMPANIES 154
11.6 COMPANY VALUATION AND FINANCIAL MATRIX 155
FIGURE 46 COMPANY VALUATION 155
FIGURE 47 FINANCIAL METRICS 155
11.7 BRAND/PRODUCT COMPARISON 156
FIGURE 48 BRAND/PRODUCT COMPARISON 156
11.8 COMPETITIVE SCENARIO AND TRENDS 156
11.8.1 PRODUCT LAUNCHES 157
TABLE 106 PLGA MARKET: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023 157
11.8.2 DEALS 157
TABLE 107 PLGA MARKET: DEALS, JANUARY 2019–DECEMBER 2023 157
11.8.3 EXPANSIONS 158
TABLE 108 PLGA MARKET: EXPANSIONS, JANUARY 2019–DECEMBER 2023 158
12 COMPANY PROFILES 160
12.1 MAJOR PLAYERS 160
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
12.1.1 EVONIK 160
TABLE 109 EVONIK: COMPANY OVERVIEW 160
FIGURE 49 EVONIK: COMPANY SNAPSHOT 161
TABLE 110 EVONIK: PRODUCTS/SOLUTIONS/SERVICES OFFERED 161
TABLE 111 EVONIK: PRODUCT LAUNCHES 162
TABLE 112 EVONIK: DEALS 162
TABLE 113 EVONIK: OTHERS 163
12.1.2 CORBION NV 164
TABLE 114 CORBION NV: COMPANY OVERVIEW 164
FIGURE 50 CORBION NV: COMPANY SNAPSHOT 165
TABLE 115 CORBION NV: PRODUCTS/SOLUTIONS/SERVICES OFFERED 165
TABLE 116 CORBION NV: DEALS 166
TABLE 117 CORBION NV: OTHERS 166
12.1.3 ASHLAND 167
TABLE 118 ASHLAND: COMPANY OVERVIEW 167
FIGURE 51 ASHLAND: COMPANY SNAPSHOT 168
TABLE 119 ASHLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED 168
TABLE 120 ASHLAND: PRODUCT LAUNCHES 169
TABLE 121 ASHLAND: OTHERS 169
12.1.4 MITSUI CHEMICALS 170
TABLE 122 MITSUI CHEMICALS: COMPANY OVERVIEW 170
FIGURE 52 MITSUI CHEMICALS: COMPANY SNAPSHOT 171
TABLE 123 MITSUI CHEMICALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 172
12.1.5 MERCK KGAA 173
TABLE 124 MERCK KGAA: COMPANY OVERVIEW 173
TABLE 125 MERCK KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 173
TABLE 126 MERCK KGAA: DEALS 174
TABLE 127 MERCK KGAA: OTHERS 174
12.1.6 JINAN DAIGANG BIOENGINEERING CO., LTD. 176
TABLE 128 JINAN DAIGANG BIOENGINEERING CO., LTD.: COMPANY OVERVIEW 176
TABLE 129 JINAN DAIGANG BIOENGINEERING CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 176
12.1.7 AKINA, INC. 178
TABLE 130 AKINA, INC.: COMPANY OVERVIEW 178
TABLE 131 AKINA, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 178
12.1.8 NOMISMA HEALTHCARE PVT. LTD. 180
TABLE 132 NOMISMA HEALTHCARE PVT. LTD.: COMPANY OVERVIEW 180
TABLE 133 NOMISMA HEALTHCARE PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180
12.1.9 BEZWADA BIOMEDICAL, LLC 182
TABLE 134 BEZWADA BIOMEDICAL, LLC: COMPANY OVERVIEW 182
TABLE 135 BEZWADA BIOMEDICAL, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 182
12.1.10 CD BIOPARTICLES 184
TABLE 136 CD BIOPARTICLES: COMPANY OVERVIEW 184
TABLE 137 CD BIOPARTICLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184
12.2 OTHER KEY PLAYERS 186
12.2.1 CREATIVE PEGWORKS 186
TABLE 138 CREATIVE PEGWORKS: COMPANY OVERVIEW 186
12.2.2 POLYSCIENCES, INC. 186
TABLE 139 POLYSCIENCES, INC.: COMPANY OVERVIEW 186
12.2.3 SEQENS 187
TABLE 140 SEQENS: COMPANY OVERVIEW 187
12.2.4 ZEUS COMPANY INC. 187
TABLE 141 ZEUS COMPANY INC.: COMPANY OVERVIEW 187
12.2.5 HOSOKAWA MICRON GROUP 188
TABLE 142 HOSOKAWA MICRON GROUP: COMPANY OVERVIEW 188
12.2.6 BIOSYNTH LTD. 188
TABLE 143 BIOSYNTH LTD.: COMPANY OVERVIEW 188
12.2.7 FOSTER CORPORATION 189
TABLE 144 FOSTER CORPORATION: COMPANY OVERVIEW 189
12.2.8 TELEFLEX MEDICAL OEM 189
TABLE 145 TELEFLEX MEDICAL OEM.: COMPANY OVERVIEW 189
12.2.9 ALFA CHEMISTRY 190
TABLE 146 ALFA CHEMISTRY: COMPANY OVERVIEW 190
12.2.10 CREATIVE DIAGNOSTICS 190
TABLE 147 CREATIVE DIAGNOSTICS: COMPANY OVERVIEW 190
12.2.11 TTY BIOPHARM 191
TABLE 148 TTY BIOPHARM: COMPANY OVERVIEW 191
12.2.12 BMG INC. 191
TABLE 149 BMG INC.: COMPANY OVERVIEW 191
12.2.13 MUSASHINO 192
TABLE 150 MUSASHINO: COMPANY OVERVIEW 192
12.2.14 SPECIFIC POLYMERS 192
TABLE 151 SPECIFIC POLYMERS: COMPANY OVERVIEW 192
12.2.15 FORTIS LIFE SCIENCES 193
TABLE 152 FORTIS LIFE SCIENCES: COMPANY OVERVIEW 193
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 194
13.1 DISCUSSION GUIDE 194
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 197
13.3 CUSTOMIZATION OPTIONS 199
13.4 RELATED REPORTS 199
13.5 AUTHOR DETAILS 200
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