Raft Paper Segment to Hold Largest Share of Product Segment in Medical Grade Paper Market During 2021-2028

According to our latest study on “Medical Grade Paper Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product, Application, End User, and Geography,"" the market is expected to reach US$ 5,630.75 million by 2028 from US$ 4,512.70 million in 2022; it is estimated to grow at a CAGR of 3.8% during 2022-2028. The report highlights the key factors driving the medical grade paper market and prominent players with their developments in the medical grade paper market.

Medical grade paper is usually used to pack medical devices as it combines strength and well-balanced porosity and acts as a feasible protective material for medical devices, providing a safe and protective barrier as it is made up of cellulose fibers designed to allow sterilization agent penetration. It is primarily used for packaging and systems, including infusers, catheters, needles, gauges, gloves, and bandages. It is also widely adopted for pharmaceutical packaging due to its ability to possess a high level of peelability, heat sealability, bacterial resistance, air permeability, environment friendliness, and nontoxicity. Medical professionals utilize various types of medical-grade papers in surgery and examination, including tissues and wipes.

Based on product, the medical grade paper market is segmented into kraft paper and sack paper. In 2022, the kraft paper segment would account for a higher share, and it is expected to dominate the market in the near future. The segment’s growth is majorly driven by the property of kraft paper that resists microbial contamination. Its ability to withstand the rigorous processing requirements of packaging converters and sterilization is likely to influence the segment’s growth.

In terms of application, the global medical grade paper market is segmented into steam sterilization, ethylene oxide sterilization, formaldehyde sterilization, and irradiation sterilization. In 2022, the ethylene oxide sterilization segment would hold the largest share of the market by application. It is further expected to record the fastest CAGR of 4.3% from 2022 to 2028.

Based on end user, the global medical grade paper market is segmented into hospitals, diagnostic and research centers, pharmaceutical industry, and others. In 2022, the pharmaceutical industry held the largest share of the market by application. Moreover, the same segment is expected to grow at the fastest CAGR of 4.5% from 2022 to 2028.

Zellstoff Pöls AG, Amcor plc, VP Group, Anquing Tianrun Paper Packaging Co Ltd, Cheever Specialty Paper and Film, PMS Europe GMBH, BillerudKorsnäs AB, Gascogne Group, Nelipak Corporation, and Arctic Paper SA are among the key players operating in the medical grade paper market.
The report segments the medical grade papers market as follows:

Based on product, the medical-grade paper market is segmented into kraft paper and sack paper. In 2022, the kraft paper segment would account for a higher share, and it is expected to dominate the market in the coming years. The segment’s growth is majorly driven by the property of kraft paper that resists microbial contamination. Its ability to withstand the rigorous processing requirements of packaging converters and sterilization is likely to influence the segment’s growth.

In terms of application, the global medical grade paper market is segmented into steam sterilization, ethylene oxide sterilization, formaldehyde sterilization, and irradiation sterilization. In 2022, the ethylene oxide sterilization segment would hold the largest share of the market by application. It is further expected to record the fastest CAGR of 4.3% from 2022 to 2028.

Based on end user, the global medical grade paper market is segmented into hospitals, diagnostic and research centers, pharmaceutical industry, and others. In 2022, the pharmaceutical industry segment would hold the largest share of the market by application. Moreover, the same segment is expected to grow at the fastest CAGR of 4.5% from 2022 to 2028.

By geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). 

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