Poly(Lactic-Co-Glycolic Acid) (PLGA) Market size to grow by USD 106.84 million from 2022 to 2027, Growing demand for drug delivery applications to drive the market growth - Technavio

NEW YORK, April 25, 2023 /PRNewswire/ -- The global poly(lactic-co-glycolic acid) (PLGA) market size is estimated to increase by USD 106.84 million from 2022 to 2027. The market's growth momentum will be progressing at a CAGR of 8.12% during the forecast period. The growing demand for drug delivery applications is a major driver for the growth of the PLGA market during the forecast period. The rising demand created a need for more efficient and reliable delivery methods. One such method is the use of PLGA nanoparticles, which are biodegradable, meaning they can be broken down by the body and are therefore considered safe for use in humans. Additionally, PLGA nanoparticles are proven to be effective in delivering a variety of drugs, including anticancer drugs, to the desired target site. Hence, such factors drive market growth. Discover some key insights on market size for the historic period (2017 to 2021) and forecast period (2023-2027) before buying the full report -Request a sample report!

Poly(lactic-co-glycolic acid) (plga) market – Vendor Analysis Vendor Landscape - The global poly(lactic-co-glycolic acid) (PLGA) market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer poly(lactic-co-glycolic acid) (PLGA) in the market are Akina Inc., Alfa Chemistry, Ashland Inc., Bezwada Biomedical LLC, CD Bioparticles, Corbion NV, Creative PEGWorks, Evonik Industries AG, Foster Corp., Huizhou Foryou Medical Devices Co. Ltd., Koninklijke DSM NV, Merck KGaA, Mitsui Chemicals Inc., Nanosoft Polymers, Nomisma Healthcare Pvt. Ltd., Poly Med Inc., Polysciences Inc., SEQENS GROUP, SPECIFIC POLYMERS, and Zeus Co. Inc. and others.

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Vendor Offerings -

• Ashland Inc. - The company offers polylactic-co-glycolic acid such as Viatel bioresorbable polymers.
• Bezwada Biomedical LLC - The company offers polylactic-co-glycolic acid such as Lactomaxx DL 100.
• CD Bioparticles - The company offers polylactic-co-glycolic acid such as CDPLN-01, CDPLN-08, and CDPLN-17.
• For details on the vendor and their offerings – Request a sample report

Poly(Lactic-Co-Glycolic Acid) (PLGA) Market - Segmentation Assessment
Segment Overview
This report extensively covers market segmentation by application (personal care and dermatology, suture, fracture fixation, and others), type (PLGA 50:50, PLGA 75:25, PLGA 85:15, PLGA 65:35), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market share growth by the personal care and dermatology segment will be significant for the market growth during the forecast period. PLGA is a synthetic biodegradable polymer with a wide range of applications in personal care and dermatological products. PLGA is made suitable element for a variety of personal care and dermatological products, including facial fillers, body contouring devices, and skin substitutes due to its unique properties. Hence, such factors drive the growth in the segment during the forecast period.

Geography Overview
By geography, the global poly(lactic-co-glycolic acid) (plga) market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global poly(lactic-co-glycolic acid) (plga) market.

• North America is estimated to account for 35% of the global market growth during the forecast period. The market in the region is expected to grow at a significant growth rate owing to the rising demand from the pharmaceutical industries. Some key reasons for the inclusion of PLGA in skincare include its applications in moisturizers, skin care products, shampoos, and hair dyes. Hence, the rising export of cosmetics are stimulating the growth of the poly lactic-co-glycolic acid market in North America.

For some key insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Poly(Lactic-Co-Glycolic Acid) (PLGA) Market – Market Dynamics

Key Trends - 

• Rising demand for electrospinning and 3D printing technologies is one of the emerging trends in the PLGA market that is expected to have a positive impact on the market growth.
• Electrospinning is a process in which electrically charged polymer solutions are drawn into fine fibers using an electric field, which can be used to create scaffolds with very small pores, which are ideal for tissue regeneration.
• Another factor that allows the creation of complex three-dimensional structures from digital models is 3D printing becoming a rapidly growing area of additive manufacturing.
• Another advantage of using PLGA in these technologies is its biocompatibility and ability to degrade naturally in the body over time.
• Hence, such factors are expected to fuel the growth of the global PLGA market during the forecast period.

Major challenges - 

• The high cost of PLGA is a major challenge hindering the growth of the market during the forecast period. 
• PLGA is a synthetic biodegradable polymer, which has a number of potential medical applications due to its ability to degrade in the body.
• High cost of PLGA material has limited its use in the application areas.
• However, recently, there has been increasing interest in using PLGA for a variety of medical applications, including drug delivery, tissue engineering, and regenerative medicine.
• Therefore, it is important to find ways to reduce the cost of this material in order to make PLGA more accessible for medical applications.
• Thus, the abovementioned factors are expected to hinder the growth of the global PLGA market during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Poly(Lactic-Co-Glycolic Acid) (PLGA) Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the poly(Lactic-Co-Glycolic Acid) (PLGA) market between 2023 and 2027
• Precise estimation of the size of the poly(Lactic-Co-Glycolic Acid) (PLGA) market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the poly(Lactic-Co-Glycolic Acid) (PLGA) market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the poly(Lactic-Co-Glycolic Acid) (PLGA) market vendors

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Table Of Contents : 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global polylactic-co-glycolic acid (PLGA) market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global polylactic-co-glycolic acid (PLGA) market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Personal care and dermatology - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Personal care and dermatology - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Personal care and dermatology - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Personal care and dermatology - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Personal care and dermatology - Year-over-year growth 2022-2027 (%)

• 6.4 Suture - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Suture - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Suture - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Suture - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Suture - Year-over-year growth 2022-2027 (%)

• 6.5 Fracture fixation - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Fracture fixation - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Fracture fixation - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Fracture fixation - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Fracture fixation - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)
• Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 52: Chart on Type - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 PLGA 50:50 - Market size and forecast 2022-2027 
• Exhibit 56: Chart on PLGA 50:50 - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on PLGA 50:50 - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on PLGA 50:50 - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on PLGA 50:50 - Year-over-year growth 2022-2027 (%)

• 7.4 PLGA 75:25 - Market size and forecast 2022-2027 
• Exhibit 60: Chart on PLGA 75:25 - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on PLGA 75:25 - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on PLGA 75:25 - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on PLGA 75:25 - Year-over-year growth 2022-2027 (%)

• 7.5 PLGA 85:15 - Market size and forecast 2022-2027 
• Exhibit 64: Chart on PLGA 85:15 - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on PLGA 85:15 - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on PLGA 85:15 - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on PLGA 85:15 - Year-over-year growth 2022-2027 (%)

• 7.6 PLGA 65:35 - Market size and forecast 2022-2027 
• Exhibit 68: Chart on PLGA 65:35 - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on PLGA 65:35 - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on PLGA 65:35 - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on PLGA 65:35 - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 72: Market opportunity by Type ($ million)
• Exhibit 73: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 75: Chart on Market share by geography 2022-2027 (%)
• Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 77: Chart on Geographic comparison
• Exhibit 78: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 115: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 119: Market opportunity by geography ($ million)
• Exhibit 120: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 121: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 123: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 124: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 125: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 126: Matrix on vendor position and classification

• 12.3 Ashland Inc.
• Exhibit 127: Ashland Inc. - Overview
• Exhibit 128: Ashland Inc. - Business segments
• Exhibit 129: Ashland Inc. - Key news
• Exhibit 130: Ashland Inc. - Key offerings
• Exhibit 131: Ashland Inc. - Segment focus

• 12.4 Bezwada Biomedical LLC 
• Exhibit 132: Bezwada Biomedical LLC - Overview
• Exhibit 133: Bezwada Biomedical LLC - Product / Service
• Exhibit 134: Bezwada Biomedical LLC - Key offerings

• 12.5 CD Bioparticles
• Exhibit 135: CD Bioparticles - Overview
• Exhibit 136: CD Bioparticles - Product / Service
• Exhibit 137: CD Bioparticles - Key offerings

• 12.6 Corbion NV
• Exhibit 138: Corbion NV - Overview
• Exhibit 139: Corbion NV - Business segments
• Exhibit 140: Corbion NV - Key news
• Exhibit 141: Corbion NV - Key offerings
• Exhibit 142: Corbion NV - Segment focus

• 12.7 Evonik Industries AG
• Exhibit 143: Evonik Industries AG - Overview
• Exhibit 144: Evonik Industries AG - Business segments
• Exhibit 145: Evonik Industries AG - Key news
• Exhibit 146: Evonik Industries AG - Key offerings
• Exhibit 147: Evonik Industries AG - Segment focus

• 12.8 Foster Corp.
• Exhibit 148: Foster Corp. - Overview
• Exhibit 149: Foster Corp. - Product / Service
• Exhibit 150: Foster Corp. - Key offerings

• 12.9 Huizhou Foryou Medical Devices Co. Ltd. 
• Exhibit 151: Huizhou Foryou Medical Devices Co. Ltd. - Overview
• Exhibit 152: Huizhou Foryou Medical Devices Co. Ltd. - Product / Service
• Exhibit 153: Huizhou Foryou Medical Devices Co. Ltd. - Key offerings

• 12.10 Koninklijke DSM NV
• Exhibit 154: Koninklijke DSM NV - Overview
• Exhibit 155: Koninklijke DSM NV - Business segments
• Exhibit 156: Koninklijke DSM NV - Key news
• Exhibit 157: Koninklijke DSM NV - Key offerings
• Exhibit 158: Koninklijke DSM NV - Segment focus

• 12.11 Merck KGaA
• Exhibit 159: Merck KGaA - Overview
• Exhibit 160: Merck KGaA - Business segments
• Exhibit 161: Merck KGaA - Key news
• Exhibit 162: Merck KGaA - Key offerings
• Exhibit 163: Merck KGaA - Segment focus

• 12.12 Mitsui Chemicals Inc. 
• Exhibit 164: Mitsui Chemicals Inc. - Overview
• Exhibit 165: Mitsui Chemicals Inc. - Business segments
• Exhibit 166: Mitsui Chemicals Inc. - Key offerings
• Exhibit 167: Mitsui Chemicals Inc. - Segment focus

• 12.13 Nomisma Healthcare Pvt. Ltd. 
• Exhibit 168: Nomisma Healthcare Pvt. Ltd. - Overview
• Exhibit 169: Nomisma Healthcare Pvt. Ltd. - Product / Service
• Exhibit 170: Nomisma Healthcare Pvt. Ltd. - Key offerings

• 12.14 Poly Med Inc.
• Exhibit 171: Poly Med Inc. - Overview
• Exhibit 172: Poly Med Inc. - Product / Service
• Exhibit 173: Poly Med Inc. - Key offerings

• 12.15 Polysciences Inc.
• Exhibit 174: Polysciences Inc. - Overview
• Exhibit 175: Polysciences Inc. - Product / Service
• Exhibit 176: Polysciences Inc. - Key offerings

• 12.16 SEQENS GROUP
• Exhibit 177: SEQENS GROUP - Overview
• Exhibit 178: SEQENS GROUP - Product / Service
• Exhibit 179: SEQENS GROUP - Key offerings

• 12.17 Zeus Co. Inc.
• Exhibit 180: Zeus Co. Inc. - Overview
• Exhibit 181: Zeus Co. Inc. - Product / Service
• Exhibit 182: Zeus Co. Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations 
• Exhibit 189: List of abbreviations

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