Medical Grade Paper Market Analysis and Forecast to 2031: By Product (Kraft Paper, Sack Paper), Application (Steam Sterilization, Ethylene Oxide Sterilization, Formaldehyde Sterilization, Irradiation Sterilization), End User (Hospital, Diagnostic & Resear

Medical Grade Paper Market Analysis and Forecast to 2031: By Product (Kraft Paper, Sack Paper), Application (Steam Sterilization, Ethylene Oxide Sterilization, Formaldehyde Sterilization, Irradiation Sterilization), End User (Hospital, Diagnostic & Research Center, Pharmaceutical Industry, Others), and Region

The global medical grade paper market was valued at USD 4512.7 million in 2021 and it is anticipated to grow further till USD 6526.0 million in 2031, at a CAGR of 3.8% during the forecast period.

Medical grade paper complies with strict packaging requirements for devices, accessories, and tools. High-purity cellulose fibres are specifically used by manufacturers of medical grade paper to ensure that their products are immune to the sterilisation agents and techniques used in the industry, such as steam, ethylene oxide, formaldehyde, and irradiation. Thus, protection against sterilising agent penetration is a significant feature of items made using medical grade paper. They also withstand ambient dust and microbial penetration.

Global Medical Grade Paper Market Scope and Report StructureMarket Trends and Drivers

Due to its high degree of peel-ability and heat seal-ability, good impact of bacterial resistance, air permeability, environmental friendliness and non-toxic nature, etc., medical grade paper is frequently used for pharmaceutical packaging. One of the main factors limiting the growth of the global market for medical grade paper is the availability of substitute products such as spun bonded olefin for medical packaging purposes. A perfect blend of microbiological penetration resistance, clean peel, tear strength, and puncture resistance can be found in spun bonded olefin.

Market Restraints and Challenges

In order to preserve qualities that are essential for sterile barrier performance and ongoing improvement, as well as sustainable packaging solutions, medical packaging firms are investing in research and development operations for next-generation polymers. However, during the projected period, regulations pertaining to Medical Devices packaging are anticipated to partially hinder the market growth.

Global Medical Grade Paper Market Segmental Overview

The report analyses the global medical grade paper market based on the product, application, end user, and region.

Global Medical Grade Paper Market by Product

Based on the product, it is segmented into kraft paper, and sack paper. The kraft paper segment is anticipated to dominate the market during the forecast period. Kraft paper is used to pack Medical Devices to protect them from microbial contamination. It is designed to withstand the rigorous processing conditions that involve sterilization and the use of packaging converters. This paper is suitable for steam, ETO, and gamma sterilization. It can be used singly or in combination with a flexible transparent film.

Global Medical Grade Paper Market by Application

Based on the application, it is segmented into steam sterilization, ethylene oxide sterilization, formaldehyde sterilization, and irradiation sterilization. The ethylene oxide sterilization segment is anticipated to dominate the market during the forecast period. Ethylene oxide sterilization is used to sterilize devices sensitive to moisture, heat, and pressure. The major advantages of ETO sterilization include compatibility with a wide variety of products. Products can be sterilized in their final packaging since ETO can permeate the sealed films or medical grade papers.

Global Medical Grade Paper Market by End User

Based on the end user, it is segmented into hospitals, diagnostic centers, pharmaceutical industry, and others. The pharmaceutical industry is anticipated to dominate the market during the forecast period. The kraft and sack paper are widely used to make blisters and cardboards for the final packaging of medicinal products. The increasing demand for pharmaceutical products and flourishing generic pharmaceutical products business would continue to generate demand for medical grade papers.

Geographical Analysis of the Global Medical Grade Paper Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Owing to the growth in the various sectors across the region. Adding to that, the US held the largest share of the North American market, and the country is anticipated to dominate the regional market during the forecast period. As per the Congressional Budget Office’s 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.

Major Players in the Global Medical Grade Paper Market

The report analyses various key players such as

COVID-19 Impact

While preparing for, implementing, and providing care for patients and their families during COVID-19, health workers are stressed, overworked, and insecure about their financial situation. We must help them so that they can work, stay safe, and survive. The anxieties and coping mechanisms of medical professionals during pandemics should be investigated in future studies.

Recent Developments

• March 2022, BillerudKorsnas AB announced the acquisition of Verso, which will help Billerkorsnas 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.
• 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.

>Frequently Asked Questions

Q1. How big is the Medical Grade Paper market?Ans. The global Medical Grade Paper market size was USD 4512.7 Million in 2021 and is anticipated to reach USD 6526.0 Million in 2031, growing at a rate of 3.8% from 2022 to 2031.Q2. What is the Medical Grade Paper market growth rate?Ans. The growth rate of the Medical Grade Paper market is 3.8%.Q3. Which region holds a major market share for the Medical Grade Paper market?Ans. North America holds a major market share of the Medical Grade Paper market in 2021.Q4. Which segment accounted for the largest Medical Grade Paper market share?Ans. By End User, the hospitals segment accounted for the largest Medical Grade Paper market share.Q5. Who are the key players in the Medical Grade Paper market?Ans. The global Medical Grade Paper market report includes players such as Q6. What are the factors driving the Medical Grade Paper market growth?Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.Q7. What are the key growth strategies of Medical Grade Paper market players?Ans. The key growth strategies of Medical Grade Paper market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Medical Grade Paper market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Medical Grade Paper market during the forecast period.

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