Pharma Grade Paper Market Forecast and CAGR
According to the study, the global pharma-grade paper market is projected to grow at a CAGR of 4.5% during the year 2021-2031. The demand for these grade papers is growing as per the increased usage in pharmaceutical packaging.
Pharma grade paper is made up of cellulose fibers and it is designed in such a way that allows sterilization agent penetration. These grades provide sterility and purity to the devices until they use. The need for reliable and safe medical packaging in the pharmaceutical industry has resulted in the growing demand for pharma-grade paper.
Reliable Medical Packaging and Usage Impacting the Demand in Pharmaceutical Industry
The advancement in the healthcare sector has resulted in the increased demand for high quality, pure and safe medical packaging in the pharmaceutical industry and thus the demand for pharma grade paper saw the upsurge as per the qualities it possesses. Pharma grade paper combines strength and well-balanced porosity that functions as a sustainable protective material for medical devices.
These pharma-grade papers are used for packaging medical devices that include needles, catheters, gauge, gloves, bandages, and infusers. Moreover, they also have various applications such as ethylene oxide sterilization, steam sterilization, irradiation sterilization, and formaldehyde sterilization.
The various types of these pharma-grade papers are used by medical professionals for surgical purposes that include surgical curtains, disposable hospital gowns, doctor rolls, and specialty wipes. Moreover, reliable, safe, and pure storage has impacted its users worldwide.
The multiple qualities of pharma grade paper-like high level of heat seal-ability and peel ability, bacterial resistance, environment friendly, non-toxic, and air permeability have increased its adoption in pharmaceutical use.
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North America Demand Outlook for Pharma Grade Paper Market
North America is one of the prominent regions that has imposed a great demand for pharma grade paper. Developed country like the United States has advanced technology to manufacture these pharma paper grades that are reliable, safe, hygienic, and sustainable for the usage in the growing pharmaceutical industry in the region.
Europe Pharma Grade Paper Market outlook
The European market will have a significant demand for pharma grade paper in the forecasted period. The rising demand for biodegradable pharma grade paper has impacted the demand in the region. Moreover, the modern healthcare sector has driven the demand of such reliable and qualitative materials in the pharmaceutical industry.
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Pharma Grade Paper market: key players
The growing pharmaceutical industry impacts the demand for medical devices and thus affects the medical packaging sector as well. The producers of pharma-grade paper are seeking opportunities for innovation by collaborating with the packaging manufacturers. Moreover, some players are also expanding the production facilities in developing countries as per the demand in the region.
Some key manufacturers operating the business in the pharma grade paper market globally includes
- KJ Specialty Paper Co. Ltd
- Canadian Kraft Paper Ltd.
- Pudumjee Paper Products
- Bomarko Inc.
- PMS Healthcare Technologies
- Navkar International
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Pharma Grade Paper Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
Pharma Grade Paper: Market Segmentation
Based on product type, the global pharma grade paper market can be segmented into:
- Kraft paper
- Sack paper
Based on type, the global pharma grade paper market can be segmented as:
- Coated paper
- Uncoated paper
Based on application, the global pharma grade paper market can be segmented as:
- Ethylene Oxide Sterilization
- Steam Sterilization
- Irradiation Sterilization
- Formaldehyde Sterilization
Based on the Region, the global pharma grade paper market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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