Report : Europe Medical Grade Paper Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Kraft Paper and Sack Paper), Application (Steam Sterilization, Ethylene Oxide Sterilization, Formaldehyde Sterilization, and Irradiation Sterilization), and End User (Hospital, Diagnostic and Research Center, Pharmaceutical Industry, and Other)
At 3.0% CAGR, the Europe Medical Grade Paper Market is speculated to be worth US$ 1610.96 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe medical grade paper market was valued at US$ 1345.24 million in 2022 and is expected to reach US$ 1610.96 million by 2028, registering an annual growth rate of 3.0% from 2022 to 2028. Medical-grade packaging suitable for maintaining sterility and rising demand for protective packaging in medical device industry are the critical factors attributed to the market expansion.
Sterility is required in every aspect of the medical industry, and the modern and advanced healthcare centers demand well-sterilized products. It plays an essential role in preventing hospital-acquired infections while using any medical device. Therefore, safe, reliable, flexible, and easy-to-handle packaging is needed to maintain the sterility of medical products. Medical-grade paper products act as safe and effective packaging materials that are used for packaging medical devices such as catheters, gauges, bandages, gloves, infusers, and needles due to their ability of sealing (upon heat treatment), peeling, and resisting microorganisms. Medical grade paper is usually made from cellulose as it offers excellent fibrous property that offers microbial resistance due to the mesh-like texture. In addition, at a low temperature, it prevents the proliferation of pests and avoids the need for fumigation; hence, it does not require any chemical treatment. Moreover, the medical grade paper made from cellulose shows resistance to both dry and wet conditions due to high mechanical strength. Thus, it withstands the sterilization processes by steam, ethylene oxide, and gamma rays. Materials such as polymer and latex are also being used for medical-grade packaging, as these materials offer easy peeling. They are commonly used in making pouches and in lidding. Polymer-based packaging does not lose its porosity during the steam sterilization or ethylene oxide sterilization process. Thus, these characteristics further boost the demand for medical-grade paper for packaging in hospitals, primary healthcare centers, and specialty clinics.
On the contrary, availability of alternative products secret hurdles the growth of Europe medical grade paper market.
Based on product, the Europe medical grade paper market is segmented into kraft paper and sack paper. The kraft paper segment held 69.0% market share in 2022, amassing US$ 927.89 million. It is projected to garner US$ 1,134.86 million by 2028 to expand at 3.4% CAGR during 2022–2028.
Based on application, the Europe medical grade paper market is segmented into steam sterilization, ethylene oxide sterilization, formaldehyde sterilization, and irradiation sterilization. The ethylene oxide sterilization segment held 30.0% market share in 2022, amassing US$ 403.91 million. It is projected to garner US$ 501.33 million by 2028 to expand at 3.7% CAGR during 2022–2028.
Based on end user, the Europe medical grade paper market is segmented into hospitals, diagnostic and research centers, pharmaceutical industry, and others. The pharmaceutical industry segment held 34.5% market share in 2022, amassing US$ 464.37 million. It is projected to garner US$ 581.97 million by 2028 to expand at 3.8% CAGR during 2022–2028.
Based on country, the Europe medical grade paper market is segmented into Germany, Italy, France, UK, Spain, and Rest of Europe. Our regional analysis states that the Rest of Europe captured 29.0% market share in 2022. It was assessed at US$ 390.46 million in 2022 and is likely to hit US$ 451.44 million by 2028, exhibiting a CAGR of 2.4% during the forecast period.
Key players dominating the Europe medical grade paper market are Amcor plc; Anquing Tianrun Paper Packaging Co, Ltd.; Arctic Paper SA; BillerudKorsnäs AB; Gascogne Group (Gascogne Papier); Nelipak Corporation; PMS Europe GMBH; VP Group; Zellstoff Pöls AG (Heinzel Group) among others.
- In Oct 2021, Amcor announce the launch of an expanded stocking product program for the healthcare market.
- In Apr 2022, Amcor, a global leader in developing and manufacturing responsible packaging solutions, announced the launch of Amcor Lift-Off, an open-call initiative to support start-ups in the seed Phase focusing on innovations in packaging solutions and related technologies. Amcor Lift-Off offers these startups the opportunity to secure a $250,000 investment and operational guidance to take their ideas to the next level. Amcor is looking to partner with innovative market leaders who are working to develop more sustainable packaging solutions, new packaging technologies or have developed a new business model.
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