Medical device manufacturers invest huge amounts in the research and development of technologically advanced medical devices as there is a greater demand for various devices that have received approvals. Since these devices must be manufactured in compliance with various safety standards and regulations, the vendors also tend to spend on more specialized packaging materials and solutions. Thus, the demand for protective packaging products and materials that can shield medical equipment from contamination and mechanical harm during their handling, transportation, and storage is anticipated to increase. According to statistics, packaging failure accounts for 10% of medical device recalls, while package holes account for 31% of these failures. Highly protective packaging guarantees the integrity of medical equipment from the point of manufacture to the final destination or point of use. The ongoing development of flexible primary packaging products that serve as both a sterile barrier system (SBS) and a protective covering to prevent the entry of microbes would further contribute to the medical grade paper market proliferation in the coming years. For medical instruments that are separately packaged, folding cartons offer good secondary protection. To ensure increased safety, manufacturers are making investments in the creation of more innovative packaging solutions by using materials such as paper and paperboard, glass, and polymers. Thus, the rising demand for protective packaging is driving the growth of the medical grade paper market.
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 Europe medical grade paper market. The Europe medical grade paper market is expected to grow at a good CAGR during the forecast period.
The Europe 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 Europe medical grade paper market is segmented into the Germany, Italy, France, UK, Spain, and Rest of Europe.
Amcor plc; Anquing Tianrun Paper Packaging Co, Ltd.; Arctic Paper SA; BillerudKorsnäs AB; Gascogne Group (Gascogne Papier); Nelipak Corporation; PMS Europe GMBH; VP Group; and Zellstoff Pöls AG (Heinzel Group) are among the leading companies in the Europe medical grade paper market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,345.24 Million |
| Market Size by 2028 | US$ 1,610.96 Million |
| CAGR (2022 - 2028) | 3.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Medical Grade Paper Market is valued at US$ 1,345.24 Million in 2022, it is projected to reach US$ 1,610.96 Million by 2028.
As per our report Europe Medical Grade Paper Market, the market size is valued at US$ 1,345.24 Million in 2022, projecting it to reach US$ 1,610.96 Million by 2028. This translates to a CAGR of approximately 3.0% during the forecast period.
The Europe 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 Europe Medical Grade Paper Market report:
The Europe Medical Grade Paper Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Medical Grade Paper Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Medical Grade Paper Market value chain can benefit from the information contained in a comprehensive market report.
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