Report : Middle East and Africa 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 2.2% CAGR, the MEA Medical Grade Paper Market is speculated to be worth US$ 106.42 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the MEA medical grade paper market was valued at US$ 93.41 million in 2022 and is expected to reach US$ 106.42 million by 2028, registering an annual growth rate of 2.2% from 2022 to 2028. Growing scales of production of single-use medical devices and growth in demand for sustainable packaging solutions suitable for maintaining sterility are the critical factors attributed to the market expansion.
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 are emerging as a major trend in the medical grade paper market.
On the contrary, availability of alternative products secret hurdles the growth of MEA medical grade paper market.
Based on product, the MEA medical grade paper market is segmented into kraft paper and sack paper. The kraft paper segment held 68.5% market share in 2022, amassing US$ 63.99 million. It is projected to garner US$ 73.78 million by 2028 to expand at 2.4% CAGR during 2022–2028.
Based on application, the MEA medical grade paper market is segmented into steam sterilization, ethylene oxide sterilization, formaldehyde sterilization, and irradiation sterilization. The ethylene oxide sterilization segment held 29.4% market share in 2022, amassing US$ 27.44 million. It is projected to garner US$ 31.93 million by 2028 to expand at 2.6% CAGR during 2022–2028.
Based on end user, the MEA medical grade paper market is segmented into hospitals, diagnostic and research centers, pharmaceutical industry, and others. The pharmaceutical industry segment held 34.1% market share in 2022, amassing US$ 31.85 million. It is projected to garner US$ 37.15 million by 2028 to expand at 2.6% CAGR during 2022–2028.
Based on country, the MEA medical grade paper market is segmented into the South Africa, Saudi Arabia, UAE, and Rest of MEA. Our regional analysis states that the South Africa captured 42.0% market share in 2022. It was assessed at US$ 39.24 million in 2022 and is likely to hit US$ 45.56 million by 2028, exhibiting a CAGR of 2.5% during the forecast period.
Key players dominating the MEA medical grade paper market are Amcor plc; Anquing Tianrun Paper Packaging Co, Ltd.; Arctic Paper SA; BillerudKorsnäs AB; Nelipak Corporation; and PMS Europe GMBH among others.
- In Feb 2020, Artic Paper SA has introduced new range of Munken Kraft Paper in different sizes and color shades, these are available in reels and sheets. The paper has polymer coated and is ideal for packaging applications such as packages, shopping bags, and for use by the food and non-food industries.
- In Dec 2021, founded in 1896, the Vereinigte Papierwarenfabriken (VP) is now in its fourth generation as a successful family business. For 125 years, our historic company has stood for innovative, high-quality products.
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