Medical Grade Paper Market
Medical Grade Paper Market Forecasts to 2028 - Global Analysis By Product (Kraft Paper and Sack Paper), Type (Coated Paper and Uncoated Paper), Application (Ethylene Oxide sterilization, Formaldehyde sterilization, Irradiation sterilization and Steam sterilization), End User and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $4512.7 MN |
|
Projected Year Value (2028) |
US $6329.2 MN |
|
CAGR (2022 - 2028) |
5.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Medical Grade Paper Market is accounted for $4512.7 million in 2022 and is expected to reach $6329.2 million by 2028 growing at a CAGR of 5.8% during the forecast period. Medical grade paper is commonly used for medical product packaging due to its strength and well-balanced porosity, and it acts as a suitable protective material for medical equipment, offering a secure and safe barrier. High-purity cellulose fibres are used by producers of medical grade paper to make the product resistant to sterilising techniques and substances including steam, ethylene oxide, formaldehyde, and irradiation. Bandages, catheters, needles, gauges, and other medical supplies are frequently packaged in medical grade paper. It is designed to allow sterilising chemicals to penetrate and is mostly made of cellulose fibres.
According to the Congressional Budget Office's (CBO) 2021 report, the pharmaceutical industry devoted US$ 83 billion to R&D expenditures in 2019. Between 2010 and 2019, the number of new drugs approved for sale increased by 60% compared to the previous decade, reaching a high of 59 new drugs approved in 2018.
Market Dynamics:
Driver:
Increasing Consumption of Medical Supplies
The use of medical equipment has increased significantly. This can be ascribed to the rise in diagnostic and therapeutic procedures as well as the number of elderly patients visiting hospitals for routine examinations and treatments. The requirement for medical supplies including masks, gloves, syringes, needles, and gowns is thus quite high.
Restraint:
Strict regulations
Stringent regulations on manufacturing medical grade paper are hindering the market growth. The introduction of medical grade paper while adhering to stringent governmental standards has been identified as a significant factor constraining the growth of the global medical grade paper market in the approaching years.
Opportunity:
Growing demand for safe and functional packaging
The growing demand for safe and practical packaging materials for a wide range of medical items in the healthcare industry throughout the world drives the medical grade paper market. Medical-grade paper with high porosity, peel-ability, heat seal ability, and organism resistance is becoming more popular in the business. Also, acts as an efficient material for all the instruments, accessories and devices.
Threat:
Availability of alternative products
One of the main factors limiting the growth of the worldwide market for medical grade paper is the availability of substitute goods such as spun bonded olefin for medical packaging purposes. A perfect blend of microbiological penetration resistance, clean peel, rip strength, and puncture resistance may be found in spun bonded olefin.
Covid-19 Impact
The COVID-19 pandemic has had an influence on medical grade paper. The sector furthermore confronts supply chain interruptions as well as a number of other possible problems, such as financial limits and crises. Due to the COVID-19 pandemic, sterile test kits, pharmaceuticals, and medical supplies are being used more often around the world.
The kraft paper segment is expected to be the largest during the forecast period
The kraft paper segment is estimated to have a lucrative growth, as kraft paper is used to protect medical instruments against microbial infection. It is made to withstand the demanding processing conditions associated with sterilising and the application of packing converters. This paper may be sterilised using steam, ETO, or gamma radiation. It may be utilised alone or in conjunction with a stretchable transparent film. Kraft paper is typically used to package single-use items like gloves, bandages, and medical equipment including needles, syringes, and scissors.
The pharmaceutical industry segment is expected to have the highest CAGR during the forecast period
The pharmaceutical industry segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the wide usage of medical grade paper in the industry. The pharmaceutical sector is one of the most important contributors to the expansion of the medical grade paper market. Kraft and sack paper are frequently utilised in the production of blisters and cardboard for the final packaging of pharmaceutical items. Medical grade papers will continue to be in demand due to the rising need for pharmaceutical products and the booming generic pharmaceutical industry.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to the region's ageing population and industrial expansion in numerous areas. Also, increasing collaborations between government and manufacturers attributes to the growth of the market in the region. Additionally, the US dominated the North American market and is anticipated to continue to do so throughout the projected period.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the region's installation of laws governing the dependability and safety of medical devices. Furthermore, the increasing use of medical equipment in hospital settings in emerging nations has increased income possibilities. The medical grade paper market is predicted to rise in the Asia-Pacific region, particularly in India and China, since both countries are accelerating economic growth.
Key players in the market
Some of the key players profiled in the Medical Grade Paper Market include Arctic Paper SA, Amcor Plc, Anquing Tianrun Paper Packaging Co Ltd, BillerudKorsnäs AB, Bomarko, Inc., Cheever Specialty Paper and Film, Efelab, Navkar International, Canadian Kraft Paper Ltd., Pudumjee Paper Products, Sterilmedipac, Gascogne Group, Nelipak Corporation, Zellstoff Pöls AG
Key Developments:
In March 2022, BillerudKorsnäs AB announced the acquisition of Verso, which will help BillerudKorsnäs AB's strategy to drive profitable growth in paperboard and its ambition to expand in North America with the most cost-efficient and sustainable paperboard platform. Verso's strategic assets are positioned in a region with an abundant and cost-effective fiber supply suitable for producing premium packaging materials.
In January 2020, Artic Paper SA introduced Arctic Volume Ice, a new product to its Arctic Volume Range portfolio. It offers high quality and unique feel, a natural matt surface, high bulk, and a premium coated finish.
Products Covered:
• Kraft Paper
• Sack Paper
Types Covered:
• Coated Paper
• Uncoated Paper
Applications Covered:
• Ethylene Oxide sterilization
• Formaldehyde sterilization
• Irradiation sterilization
• Steam sterilization
End Users Covered:
• Diagnostic and Research Centers
• Pharmaceutical Industry
• Hospitals
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Medical Grade Paper Market, By Product
5.1 Introduction
5.2 Kraft Paper
5.3 Sack Paper
6 Global Medical Grade Paper Market, By Type
6.1 Introduction
6.2 Coated Paper
6.3 Uncoated Paper
7 Global Medical Grade Paper Market, By Application
7.1 Introduction
7.2 Ethylene Oxide sterilization
7.3 Formaldehyde sterilization
7.4 Irradiation sterilization
7.5 Steam sterilization
8 Global Medical Grade Paper Market, By End User
8.1 Introduction
8.2 Diagnostic and Research Centers
8.3 Pharmaceutical Industry
8.4 Hospitals
8.5 Other End Users
9 Global Medical Grade Paper Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Arctic Paper SA
11.2 Amcor Plc
11.3 Anquing Tianrun Paper Packaging Co Ltd
11.4 BillerudKorsnäs AB
11.5 Bomarko, Inc.
11.6 Cheever Specialty Paper and Film
11.7 Efelab
11.8 Navkar International
11.9 Canadian Kraft Paper Ltd.
11.10 Pudumjee Paper Products
11.11 Sterilmedipac
11.12 Gascogne Group
11.11 Nelipak Corporation
11.14 Zellstoff Pöls AG
List of Tables
1 Global Medical Grade Paper Market Outlook, By Region (2020-2028) ($MN)
2 Global Medical Grade Paper Market Outlook, By Product (2020-2028) ($MN)
3 Global Medical Grade Paper Market Outlook, By Kraft Paper (2020-2028) ($MN)
4 Global Medical Grade Paper Market Outlook, By Sack Paper (2020-2028) ($MN)
5 Global Medical Grade Paper Market Outlook, By Type (2020-2028) ($MN)
6 Global Medical Grade Paper Market Outlook, By Coated Paper (2020-2028) ($MN)
7 Global Medical Grade Paper Market Outlook, By Uncoated Paper (2020-2028) ($MN)
8 Global Medical Grade Paper Market Outlook, By Application (2020-2028) ($MN)
9 Global Medical Grade Paper Market Outlook, By Ethylene Oxide sterilization (2020-2028) ($MN)
10 Global Medical Grade Paper Market Outlook, By Formaldehyde sterilization (2020-2028) ($MN)
11 Global Medical Grade Paper Market Outlook, By Irradiation sterilization (2020-2028) ($MN)
12 Global Medical Grade Paper Market Outlook, By Steam sterilization (2020-2028) ($MN)
13 Global Medical Grade Paper Market Outlook, By End User (2020-2028) ($MN)
14 Global Medical Grade Paper Market Outlook, By Diagnostic and Research Centers (2020-2028) ($MN)
15 Global Medical Grade Paper Market Outlook, By Pharmaceutical Industry (2020-2028) ($MN)
16 Global Medical Grade Paper Market Outlook, By Hospitals (2020-2028) ($MN)
17 Global Medical Grade Paper Market Outlook, By Other End Users (2020-2028) ($MN)
18 North America Medical Grade Paper Market Outlook, By Country (2020-2028) ($MN)
19 North America Medical Grade Paper Market Outlook, By Product (2020-2028) ($MN)
20 North America Medical Grade Paper Market Outlook, By Kraft Paper (2020-2028) ($MN)
21 North America Medical Grade Paper Market Outlook, By Sack Paper (2020-2028) ($MN)
22 North America Medical Grade Paper Market Outlook, By Type (2020-2028) ($MN)
23 North America Medical Grade Paper Market Outlook, By Coated Paper (2020-2028) ($MN)
24 North America Medical Grade Paper Market Outlook, By Uncoated Paper (2020-2028) ($MN)
25 North America Medical Grade Paper Market Outlook, By Application (2020-2028) ($MN)
26 North America Medical Grade Paper Market Outlook, By Ethylene Oxide sterilization (2020-2028) ($MN)
27 North America Medical Grade Paper Market Outlook, By Formaldehyde sterilization (2020-2028) ($MN)
28 North America Medical Grade Paper Market Outlook, By Irradiation sterilization (2020-2028) ($MN)
29 North America Medical Grade Paper Market Outlook, By Steam sterilization (2020-2028) ($MN)
30 North America Medical Grade Paper Market Outlook, By End User (2020-2028) ($MN)
31 North America Medical Grade Paper Market Outlook, By Diagnostic and Research Centers (2020-2028) ($MN)
32 North America Medical Grade Paper Market Outlook, By Pharmaceutical Industry (2020-2028) ($MN)
33 North America Medical Grade Paper Market Outlook, By Hospitals (2020-2028) ($MN)
34 North America Medical Grade Paper Market Outlook, By Other End Users (2020-2028) ($MN)
35 Europe Medical Grade Paper Market Outlook, By Country (2020-2028) ($MN)
36 Europe Medical Grade Paper Market Outlook, By Product (2020-2028) ($MN)
37 Europe Medical Grade Paper Market Outlook, By Kraft Paper (2020-2028) ($MN)
38 Europe Medical Grade Paper Market Outlook, By Sack Paper (2020-2028) ($MN)
39 Europe Medical Grade Paper Market Outlook, By Type (2020-2028) ($MN)
40 Europe Medical Grade Paper Market Outlook, By Coated Paper (2020-2028) ($MN)
41 Europe Medical Grade Paper Market Outlook, By Uncoated Paper (2020-2028) ($MN)
42 Europe Medical Grade Paper Market Outlook, By Application (2020-2028) ($MN)
43 Europe Medical Grade Paper Market Outlook, By Ethylene Oxide sterilization (2020-2028) ($MN)
44 Europe Medical Grade Paper Market Outlook, By Formaldehyde sterilization (2020-2028) ($MN)
45 Europe Medical Grade Paper Market Outlook, By Irradiation sterilization (2020-2028) ($MN)
46 Europe Medical Grade Paper Market Outlook, By Steam sterilization (2020-2028) ($MN)
47 Europe Medical Grade Paper Market Outlook, By End User (2020-2028) ($MN)
48 Europe Medical Grade Paper Market Outlook, By Diagnostic and Research Centers (2020-2028) ($MN)
49 Europe Medical Grade Paper Market Outlook, By Pharmaceutical Industry (2020-2028) ($MN)
50 Europe Medical Grade Paper Market Outlook, By Hospitals (2020-2028) ($MN)
51 Europe Medical Grade Paper Market Outlook, By Other End Users (2020-2028) ($MN)
52 Asia Pacific Medical Grade Paper Market Outlook, By Country (2020-2028) ($MN)
53 Asia Pacific Medical Grade Paper Market Outlook, By Product (2020-2028) ($MN)
54 Asia Pacific Medical Grade Paper Market Outlook, By Kraft Paper (2020-2028) ($MN)
55 Asia Pacific Medical Grade Paper Market Outlook, By Sack Paper (2020-2028) ($MN)
56 Asia Pacific Medical Grade Paper Market Outlook, By Type (2020-2028) ($MN)
57 Asia Pacific Medical Grade Paper Market Outlook, By Coated Paper (2020-2028) ($MN)
58 Asia Pacific Medical Grade Paper Market Outlook, By Uncoated Paper (2020-2028) ($MN)
59 Asia Pacific Medical Grade Paper Market Outlook, By Application (2020-2028) ($MN)
60 Asia Pacific Medical Grade Paper Market Outlook, By Ethylene Oxide sterilization (2020-2028) ($MN)
61 Asia Pacific Medical Grade Paper Market Outlook, By Formaldehyde sterilization (2020-2028) ($MN)
62 Asia Pacific Medical Grade Paper Market Outlook, By Irradiation sterilization (2020-2028) ($MN)
63 Asia Pacific Medical Grade Paper Market Outlook, By Steam sterilization (2020-2028) ($MN)
64 Asia Pacific Medical Grade Paper Market Outlook, By End User (2020-2028) ($MN)
65 Asia Pacific Medical Grade Paper Market Outlook, By Diagnostic and Research Centers (2020-2028) ($MN)
66 Asia Pacific Medical Grade Paper Market Outlook, By Pharmaceutical Industry (2020-2028) ($MN)
67 Asia Pacific Medical Grade Paper Market Outlook, By Hospitals (2020-2028) ($MN)
68 Asia Pacific Medical Grade Paper Market Outlook, By Other End Users (2020-2028) ($MN)
69 South America Medical Grade Paper Market Outlook, By Country (2020-2028) ($MN)
70 South America Medical Grade Paper Market Outlook, By Product (2020-2028) ($MN)
71 South America Medical Grade Paper Market Outlook, By Kraft Paper (2020-2028) ($MN)
72 South America Medical Grade Paper Market Outlook, By Sack Paper (2020-2028) ($MN)
73 South America Medical Grade Paper Market Outlook, By Type (2020-2028) ($MN)
74 South America Medical Grade Paper Market Outlook, By Coated Paper (2020-2028) ($MN)
75 South America Medical Grade Paper Market Outlook, By Uncoated Paper (2020-2028) ($MN)
76 South America Medical Grade Paper Market Outlook, By Application (2020-2028) ($MN)
77 South America Medical Grade Paper Market Outlook, By Ethylene Oxide sterilization (2020-2028) ($MN)
78 South America Medical Grade Paper Market Outlook, By Formaldehyde sterilization (2020-2028) ($MN)
79 South America Medical Grade Paper Market Outlook, By Irradiation sterilization (2020-2028) ($MN)
80 South America Medical Grade Paper Market Outlook, By Steam sterilization (2020-2028) ($MN)
81 South America Medical Grade Paper Market Outlook, By End User (2020-2028) ($MN)
82 South America Medical Grade Paper Market Outlook, By Diagnostic and Research Centers (2020-2028) ($MN)
83 South America Medical Grade Paper Market Outlook, By Pharmaceutical Industry (2020-2028) ($MN)
84 South America Medical Grade Paper Market Outlook, By Hospitals (2020-2028) ($MN)
85 South America Medical Grade Paper Market Outlook, By Other End Users (2020-2028) ($MN)
86 Middle East & Africa Medical Grade Paper Market Outlook, By Country (2020-2028) ($MN)
87 Middle East & Africa Medical Grade Paper Market Outlook, By Product (2020-2028) ($MN)
88 Middle East & Africa Medical Grade Paper Market Outlook, By Kraft Paper (2020-2028) ($MN)
89 Middle East & Africa Medical Grade Paper Market Outlook, By Sack Paper (2020-2028) ($MN)
90 Middle East & Africa Medical Grade Paper Market Outlook, By Type (2020-2028) ($MN)
91 Middle East & Africa Medical Grade Paper Market Outlook, By Coated Paper (2020-2028) ($MN)
92 Middle East & Africa Medical Grade Paper Market Outlook, By Uncoated Paper (2020-2028) ($MN)
93 Middle East & Africa Medical Grade Paper Market Outlook, By Application (2020-2028) ($MN)
94 Middle East & Africa Medical Grade Paper Market Outlook, By Ethylene Oxide sterilization (2020-2028) ($MN)
95 Middle East & Africa Medical Grade Paper Market Outlook, By Formaldehyde sterilization (2020-2028) ($MN)
96 Middle East & Africa Medical Grade Paper Market Outlook, By Irradiation sterilization (2020-2028) ($MN)
97 Middle East & Africa Medical Grade Paper Market Outlook, By Steam sterilization (2020-2028) ($MN)
98 Middle East & Africa Medical Grade Paper Market Outlook, By End User (2020-2028) ($MN)
99 Middle East & Africa Medical Grade Paper Market Outlook, By Diagnostic and Research Centers (2020-2028) ($MN)
100 Middle East & Africa Medical Grade Paper Market Outlook, By Pharmaceutical Industry (2020-2028) ($MN)
101 Middle East & Africa Medical Grade Paper Market Outlook, By Hospitals (2020-2028) ($MN)
102 Middle East & Africa Medical Grade Paper Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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