India Medical Grade Paper Market Forecast 2023-2030
KEY FINDINGS
The India medical grade paper market is set to grow with a CAGR of 5.62% during the estimated period of 2030. While the base year for the studied market is 2022, the forecasted years are from 2023 to 2030. Key factors augmenting the regional market’s growth include the surging demand for high-quality medical devices as well as healthcare services, the rapidly-developing pharmaceutical industry, and the increase in medical tourism.
MARKET INSIGHTS
The demand for pharmaceutical packaging is especially high in highly populated countries, including India. Aligning with this, as per the Indian Economic Survey 2021, the country’s domestic pharmaceutical business was valued at $42 billion in 2021, expected to augment to $65 billion by 2024 as well as $120-130 billion by the year 2030. Furthermore, medical and pharmaceutical exports in India equated to $24.44 billion in 2021.
On the other hand, the medical device industry in India is dominated by international corporations, in addition to relatively fewer domestic firms. Since regional companies are expected to foresee transitioning market dynamics, they are also focusing on low-cost as well as affordable medical gadgets. In this regard, several foreign corporations have entered the Indian market by purchasing local medical device firms, while utilizing them as a counter-strategy against domestic competitors. Therefore, these factors are projected to accelerate the medical grade paper market growth in India during the estimated years.
COMPETITIVE INSIGHTS
Prominent companies operating in the market are Arctic Paper SA, Navkar International, Amcor PLC, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.5. Major Market Findings
- 2.5.1. Pharma Industry Is A Key End-user
- 2.5.2. Highly Fragmented And Small Market
- 2.5.3. Superiority Of Kraft Over Sack Paper
- 2.5.4. Convenience And Reliability Of Packaging Are A Major Purchase Decision
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Increasing Demand For Medical Devices
- 3.1.2. Need For Reliable And Convenient Medical Device Packaging
- 3.1.3. India’s Booming Pharmaceutical Industry
- 3.1.4. Growing Medical Tourism
- 3.2. Key Restraints
- 3.2.1. Availability Of Substitute Products
- 4. Key Analytics
- 4.1. Key Technology Trends
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Market Concentration Analysis
- 5. Market By Application
- 5.1. Steam Sterilization
- 5.2. Ethylene Oxide Sterilization
- 5.3. Formaldehyde Sterilization
- 5.4. Irradiation Sterilization
- 6. Market By Type
- 6.1. Uncoated
- 6.2. Coated
- 7. Market By Material
- 7.1. Kraft Paper
- 7.2. Sack Paper
- 8. Market By End-user
- 8.1. Hospitals
- 8.2. Diagnostic And Research Centers
- 8.3. Pharmaceutical Industry
- 8.4. Other End-users
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.2. Company Profiles
- 9.2.1. Amcor Plc
- 9.2.1.1. Company Overview
- 9.2.1.2. Financial Analysis
- 9.2.1.3. Products / Services List
- 9.2.1.4. Strengths & Challenges
- 9.2.2. Arctic Paper Sa
- 9.2.2.1. Company Overview
- 9.2.2.2. Financial Analysis
- 9.2.2.3. Products / Services List
- 9.2.2.4. Strengths & Challenges
- 9.2.3. Billerud Ab
- 9.2.3.1. Company Overview
- 9.2.3.2. Financial Analysis
- 9.2.3.3. Products / Services List
- 9.2.3.4. Strengths & Challenges
- 9.2.4. Navkar International
- 9.2.4.1. Company Overview
- 9.2.4.2. Products / Services List
- 9.2.5. Steril Medipac
- 9.2.5.1. Company Overview
- 9.2.5.2. Products / Services List
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