PLGA Market Size Worth USD 633.97 Million by 2034 | CAGR: 16.4%

The PLGA market size is expected to reach USD 633.97 million by 2034, according to a new study by Polaris Market Research. The report “PLGA Market Size, Share, Trends, Industry Analysis Report: Information By Grade (Extrusion, Injection Molding, and Others), Composition, Type, Application, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The PLGA market has witnessed substantial growth in recent years due to its wide applications and favorable properties. PLGA is a biodegradable and biocompatible copolymer derived from lactic acid and glycolic acid, with applications in medical and pharmaceutical industries. The key driving factor of this market is the increasing demand for bioresorbable polymers in drug delivery systems. PLGA’s ability to encapsulate a variety of drugs and release them in a controlled manner makes it highly valuable for developing sustained and targeted drug delivery systems, thereby improving therapeutic results among patients.

The rising adoption of PLGA in the field of tissue engineering and regenerative medicine, along with the growing prevalence of chronic diseases and the need for advanced medical treatments, have increased research and development activities, further boosting the demand for PLGA. Moreover, PLGA's biodegradability makes it a suitable alternative to conventional non-degradable plastics, aligning with global efforts to reduce plastic waste and environmental impact. This has led to its increased usage in various industries, including packaging and agriculture.

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Technological advancements and continuous innovations in polymer chemistry are also expected to play a pivotal role in the market growth during the forecast period. Enhanced manufacturing processes and improved properties of PLGA, such as controlled degradation rates and mechanical strength, have expanded its application scope, making it suitable for more complex uses.

PLGA Market Report Highlights

• By end-use analysis, the healthcare segment accounted for the largest revenue share in the PLGA market. This dominance is attributed to increased expenditure by developed and emerging countries in the healthcare sector, leading to higher adoption of advanced and innovative medical technologies.
• By application analysis, the surgical sutures segment is expected to grow significantly in the PLGA market due to the increasing number of surgical procedures worldwide that utilize surgical sutures made from the PLGA copolymer to provide better clinical treatment to patients.
• The North America PLGA market accounted for the largest revenue share, owing to its highly developed healthcare infrastructure and advanced medical facilities. This has resulted in substantial demand for PLGA in various applications, including drug delivery systems, tissue engineering, and surgical sutures.
• Asia Pacific is anticipated to grow significantly during the forecast period share due to rising demand for eco-friendly packaging materials.
• The key market players are Akina, Inc.; Ashland; Bezwada Biomedical, LLC.; CD Bioparticles; Corbion NV; Evonik; Jinan Digang Bioengineering Co., Ltd.; Merck; Mitsui Chemicals; and Nomisma Healthcare Pvt. Ltd.

Polaris Market Research has segmented the PLGA market report based on grade, composition, type, application, end use, and region:

By Grade Outlook (Revenue – USD Million, 2020–2034)

• Extrusion
• Injection Molding
• Others

By Composition Outlook (Revenue – USD Million, 2020–2034)

• PLGA 50:50
• PLGA 55:45
• PLGA 65:35
• PLGA 75:25
• PLGA 85:15
• PLGA 12:88
• PLGA 10:90
• Others

By Type Outlook (Revenue – USD Million, 2020–2034)

• Dayglow Pigments
• Phosphorescent Pigments
• Other

By Application Outlook (Revenue – USD Million, 2020–2034)

• Drug Delivery
• Medical Implants
• Tissue Engineering
• Fracture Fixation
• Gene Delivery
• Surgical Sutures
• Packaging
• Disposable Cutlery
• Textile
• Agricultural Films
• Others

By End Use Outlook (Revenue – USD Million, 2020–2034)

• Healthcare
• Biotech firms
• Medical Institutions
• Packaging
• Others

By Regional Outlook (Revenue – USD Million, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of the Middle East & Africa

PLGA Market Report Scope