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INDIA MEDICAL GRADE PAPER MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

India Medical Grade Paper Market by Application (Steam Sterilization, Ethylene Oxide Sterilization, Formaldehyde Sterilization, Irradiation Sterilization) Market by Type (Uncoated, Coated) Market by Material (Kraft Paper, Sack Paper) Market by End-user (Hospitals, Diagnostic and Research Centers, Pharmaceutical Industry, Other End-users)


MARKET OVERVIEW

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.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Type, Material, End-User, Application
Countries AnalyzedIndia
Companies AnalyzedBillerud AB, Amcor Plc, Arctic Paper SA, PMS Technologies, Anqing Tianrun Paper Packaging Co Ltd, Nelipak Corporation, KJ Specialty Paper Co Ltd, Cheever Specialty Paper & Film, Zellstoff Pöls AG (Heinzel Group), Gascogne Group, VP Group, Efelab SRL, Steril Medipac, Navkar International

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. PHARMA INDUSTRY IS A KEY END-USER
      2. HIGHLY FRAGMENTED AND SMALL MARKET
      3. SUPERIORITY OF KRAFT OVER SACK PAPER
      4. CONVENIENCE AND RELIABILITY OF PACKAGING ARE A MAJOR PURCHASE DECISION
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING DEMAND FOR MEDICAL DEVICES
      2. NEED FOR RELIABLE AND CONVENIENT MEDICAL DEVICE PACKAGING
      3. INDIA’S BOOMING PHARMACEUTICAL INDUSTRY
      4. GROWING MEDICAL TOURISM
    2. KEY RESTRAINTS
      1. AVAILABILITY OF SUBSTITUTE PRODUCTS
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY APPLICATION
    1. STEAM STERILIZATION
    2. ETHYLENE OXIDE STERILIZATION
    3. FORMALDEHYDE STERILIZATION
    4. IRRADIATION STERILIZATION
  6. MARKET BY TYPE
    1. UNCOATED
    2. COATED
  7. MARKET BY MATERIAL
    1. KRAFT PAPER
    2. SACK PAPER
  8. MARKET BY END-USER
    1. HOSPITALS
    2. DIAGNOSTIC AND RESEARCH CENTERS
    3. PHARMACEUTICAL INDUSTRY
    4. OTHER END-USERS
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. AMCOR PLC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      2. ARCTIC PAPER SA
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      3. BILLERUD AB
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      4. NAVKAR INTERNATIONAL
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      5. STERIL MEDIPAC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – MEDICAL GRADE PAPER

TABLE 2: INDIA MEDICAL GRADE PAPER MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 3: INDIA MEDICAL GRADE PAPER MARKET, BY APPLICATION, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 4: INDIA MEDICAL GRADE PAPER MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 5: INDIA MEDICAL GRADE PAPER MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 6: INDIA MEDICAL GRADE PAPER MARKET, BY MATERIAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 7: INDIA MEDICAL GRADE PAPER MARKET, BY MATERIAL, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 8: INDIA MEDICAL GRADE PAPER MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 9: INDIA MEDICAL GRADE PAPER MARKET, BY END-USER, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 10: REGULATORY FRAMEWORK

TABLE 11: LIST OF ACQUISITIONS

TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: MARKET CONCENTRATION ANALYSIS

FIGURE 4: INDIA MEDICAL GRADE PAPER MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 5: INDIA MEDICAL GRADE PAPER MARKET, BY STEAM STERILIZATION, 2023-2030 (IN $ MILLION)

FIGURE 6: INDIA MEDICAL GRADE PAPER MARKET, BY ETHYLENE OXIDE STERILIZATION, 2023-2030 (IN $ MILLION)

FIGURE 7: INDIA MEDICAL GRADE PAPER MARKET, BY FORMALDEHYDE STERILIZATION, 2023-2030 (IN $ MILLION)

FIGURE 8: INDIA MEDICAL GRADE PAPER MARKET, BY IRRADIATION STERILIZATION, 2023-2030 (IN $ MILLION)

FIGURE 9: INDIA MEDICAL GRADE PAP

FIGURE 10: ER MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 11: INDIA MEDICAL GRADE PAPER MARKET, BY UNCOATED, 2023-2030 (IN $ MILLION)

FIGURE 12: INDIA MEDICAL GRADE PAPER MARKET, BY COATED, 2023-2030 (IN $ MILLION)

FIGURE 13: INDIA MEDICAL GRADE PAPER MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2022

FIGURE 14: INDIA MEDICAL GRADE PAPER MARKET, BY KRAFT PAPER, 2023-2030 (IN $ MILLION)

FIGURE 15: INDIA MEDICAL GRADE PAPER MARKET, BY SACK PAPER, 2023-2030 (IN $ MILLION)

FIGURE 16: INDIA MEDICAL GRADE PAPER MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 17: INDIA MEDICAL GRADE PAPER MARKET, BY HOSPITALS, 2023-2030 (IN $ MILLION)

FIGURE 18: INDIA MEDICAL GRADE PAPER MARKET, BY DIAGNOSTIC AND RESEARCH CENTERS, 2023-2030 (IN $ MILLION)

FIGURE 19: INDIA MEDICAL GRADE PAPER MARKET, BY PHARMACEUTICAL INDUSTRY, 2023-2030 (IN $ MILLION)

FIGURE 20: INDIA MEDICAL GRADE PAPER MARKET, BY OTHER END-USERS, 2023-2030 (IN $ MILLION)

FIGURE 21: BILLERUD AB, ANNUAL REVENUE FROM 2019-2021 ($ MILLION)

FIGURE 22: AMCOR PLC, ANNUAL REVENUE FROM 2019-2021 ($ MILLION)

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