BANGALORE, India , July 15, 2024 /PRNewswire/ -- Polyglycolic Acid Market is Segmented by Type ( Industrial Grade , Medical Grade), by Application (Oil and Gas Industry, Medical Industry, Packaging Industry): Global Opportunity Analysis and Industry Forecast, 2024-2030. The Global Polyglycolic Acid Market is projected to reach USD 426.9 Million by 2030 from an estimated USD 118 Million in 2024, at a CAGR of 23.
9% during 2024 and 2030. Get Free Sample: https://reports.valuates.
com/request/sample/QYRE-Auto-14Q8921/Global_Polyglycolic_Acid_Market Major Factors Driving the Growth of Polyglycolic Acid Market: The market for polyglycolic acid (PGA) is expected to expand significantly because of its growing use in a number of sectors, including packaging, shale gas extraction, and medicine. PGA is frequently utilized in the manufacturing of absorbable sutures and other medical devices, improving surgical results and lowering post-operative problems. It is recognized for its excellent strength and biodegradability.
The packaging industry is increasingly utilizing it as a sustainable and eco-friendly substitute for conventional plastics. Additionally, PGA's capacity to raise well productivity is advantageous to the shale gas sector. The need for biodegradable materials is being further driven by strict legislation and growing environmental concerns.
PGA is positioned as a crucial material in the shift towards sustainable solutions across many sectors. View Full Report: https://reports.
