The APAC medical grade paper market is expected to grow from US$ 1,172.85 million in 2022 to US$ 1,522.55 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028.
The production of single-use medical devices has rapidly increased after the onset of the COVID-19 pandemic. These medical devices are becoming more common as they contribute to the reduction of costs, improvement of efficiencies, and low spread of infection. The sterile status of a product must be intact from its packaging to the point of opening at the final application area as the shelf life of the majority of single-use devices is 3-5 years. Kraft-based medical packaging, which is generally used for single-use devices, can tear, or burst during packing or transportation. In May 2021, Neenah, Inc., one of the top providers of reinforced medical packaging materials in North America, announced the addition of an ultra-lightweight option to their line of single-use sterile packaging. This novel, high-performance solution offers the market a long-lasting, cost-effective replacement for the conventional kraft and synthetic-based medical packaging used for syringes, nasal swabs, and other single-use applications. Increasing incidence of chronic and acute diseases, infectious diseases, and various other medical conditions are projected to raise the demand for single-use medical products, which would emerge as a major trend in the medical grade paper market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC medical grade paper market . The APAC medical grade paper market is expected to grow at a good CAGR during the forecast period.
The production of single-use medical devices has rapidly increased after the onset of the COVID-19 pandemic. These medical devices are becoming more common as they contribute to the reduction of costs, improvement of efficiencies, and low spread of infection. The sterile status of a product must be intact from its packaging to the point of opening at the final application area as the shelf life of the majority of single-use devices is 3-5 years. Kraft-based medical packaging, which is generally used for single-use devices, can tear, or burst during packing or transportation. In May 2021, Neenah, Inc., one of the top providers of reinforced medical packaging materials in North America, announced the addition of an ultra-lightweight option to their line of single-use sterile packaging. This novel, high-performance solution offers the market a long-lasting, cost-effective replacement for the conventional kraft and synthetic-based medical packaging used for syringes, nasal swabs, and other single-use applications. Increasing incidence of chronic and acute diseases, infectious diseases, and various other medical conditions are projected to raise the demand for single-use medical products, which would emerge as a major trend in the medical grade paper market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC medical grade paper market . The APAC medical grade paper market is expected to grow at a good CAGR during the forecast period.
APAC Medical Grade Paper Market Segmentation
he APAC medical grade paper market is bifurcated based on product, application, end user and country.- Based on product, the market is segmented into kraft paper and sack paper. The kraft paper segment dominated the market in 2022 and is expected to be fastest growing during forecast period.
- Based on application, the market is segmented into steam sterilization, ethylene oxide sterilization, formaldehyde sterilization, and irradiation sterilization. The ethylene oxide sterilization segment dominated the market in 2022 and is expected to be fastest growing during forecast period.
- Based on end user, the market is segmented into hospitals, diagnostic and research centers, pharmaceutical industry, and others. The pharmaceutical industry segment dominated the market in 2022 and is expected to be fastest growing during forecast period.
- Based on country, the APAC medical grade paper market is segmented into China, Japan, India, South Korea, Australia, and Rest of APAC.
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Medical Grade Paper Market - Market Landscape
5. APAC Medical Grade Paper Market - Key Market Dynamics
6. Medical Grade Paper Market- APAC Analysis
7. APAC Medical Grade Paper Market Revenue and Forecasts To 2028- by Product
8. APAC Medical Grade Paper Market Analysis and Forecast to 2028 - by Application
9. APAC Medical Grade Paper Market Analysis and Forecast to 2028 - by End User
10. APAC Medical Grade Paper Market Revenue and Forecasts to 2028 - Country Analysis
11. APAC Medical Grade Paper Market-Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Amcor plc
- Anquing Tianrun Paper Packaging Co, Ltd.
- Arctic Paper SA
- BillerudKorsnäs AB
- PMS Europe GMBH
- Zellstoff Pöls AG (Heinzel Group)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 115 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1172.85 Million |
| Forecasted Market Value ( USD | $ 1522.55 Million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 6 |
