INDIA MEDICAL GRADE PAPER MARKET FORECAST 2023-2030

The India medical grade paper market is anticipated to advance with a CAGR of 5.62% during the forecasting period, reaching a revenue share of $235.70 million by 2030. The base year for the studied market is 2022, and the forecasted years are from 2023 to 2030.

The market growth of the country is fueled by key drivers, such as the rise in medical tourism, the increasing demand for high-quality healthcare services as well as medical devices, and the rapidly-developing pharmaceutical industry.

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Medical grade paper entails the packaging material primarily utilized for medical devices. The widespread usage of medical grade paper is ascribed to its composition of cellulose fibers, aimed to facilitate sterilization agent dispersion. Medical grade paper is mainly used for packaging gauges, needles, bandages, infusers, gloves, catheters, as well as other medical equipment.

India increasingly draws medical tourists from across the globe, with numerous South Asian countries accounting for the majority of the inflow. Therefore, the significant rise in medical tourism traffic in India is anticipated to generate a surge in demand for superior healthcare devices as well as medical services, including the requirement for medical grade paper. Furthermore, the country’s ‘Make in India’ initiative, coupled with the government’s funding through various regulations and plans, is further expected to encourage the development of domestic medical devices.

On the other hand, packaging is an integral part of the pharmaceutical sector since it offers barrier protection to drugs and medications during their shelf-life. Hence, the rapidly-developing pharmaceutical industry in India plays an essential role in fueling the need for suitable packagings, such as medical grade papers. Collectively, these factors are expected to contribute to the medical grade paper market growth in India during the forecasting years.

The India medical grade paper market is segmented into type, material, end-user, and application. The application segment includes ethylene oxide sterilization, formaldehyde sterilization, steam sterilization, and irradiation sterilization. The three main stages of the steam sterilization process include conditioning, exposure, and exhaust. Moreover, temperatures of 250°F (121°C), 270°F (132°C), as well as 275°F (135°C) are utilized for these processes. In this regard, the materials to be sterilized are packaged in medical grade Kraft paper to shield them from conditions like humidity, temperature fluctuations, and dampness.

Conversely, steam sterilization also uses high-pressure thermal energy to eliminate bacteria on device surfaces, as saturated steam denatures DNA, in addition to destroying enzymes. While steam sterilization is mainly used in hospitals for the sterilization of medical equipment, it is also employed in manufacturing units and cleanrooms.

Some of the eminent companies operating in the India medical grade paper market are Navkar International, Arctic Paper SA, Amcor PLC, etc.

Navkar International, headquartered in India, is a wholesaler and exporter of a broad range of Kraft papers, coated papers, bleached papers, printing and offset paper, tissue paper, duplex board, and thermal paper.

The company has a wide range of products, including MG natural brown Kraft paper, MG brown Kraft paper, virgin Kraft paper, MG orange Kraft paper, sack Kraft paper and MG golden yellow Kraft paper.

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