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.
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.
Amcor plc; Anquing Tianrun Paper Packaging Co, Ltd.; Arctic Paper SA; BillerudKorsnäs AB; Nelipak Corporation; and PMS Europe GMBH among the leading companies operating in the APAC medical grade paper market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,172.85 Million |
| Market Size by 2028 | US$ 1,522.55 Million |
| CAGR (2022 - 2028) | 4.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Medical Grade Paper Market is valued at US$ 1,172.85 Million in 2022, it is projected to reach US$ 1,522.55 Million by 2028.
As per our report Asia Pacific Medical Grade Paper Market, the market size is valued at US$ 1,172.85 Million in 2022, projecting it to reach US$ 1,522.55 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.
The Asia Pacific Medical Grade Paper Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Medical Grade Paper Market report:
The Asia Pacific Medical Grade Paper Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Medical Grade Paper Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Medical Grade Paper Market value chain can benefit from the information contained in a comprehensive market report.
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