The global sales of filter paper market are estimated to be worth USD 3.6 billion in 2021 and are anticipated to reach a value of USD 6.0 billion by 2031. Sales are projected to rise at a CAGR of 5.1% over the forecast period between 2021 and 2031. The revenue generated by filter paper market in 2020 was USD 3.5 billion.
The growing demand from pharmaceuticals, food and beverages, and environmental testing for superior-quality filtration solutions increases demand for the products in the market. Rising awareness of clean and safe drinking water increases demand for good filtration products. Improved efficiency and other exciting improvements in the technology of filter paper attract consumer attention.
The strict regulatory norms related to quality and safety standards are also one of the motivating factors for the specialized demand of filter papers. Moreover, the growth in sectors like laboratory research and diagnostics drives market growth. The trend for sustainable and eco-friendly packaging materials further strengthens adoption related to biodegradable filter paper.
Global Filter Paper Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 3.5 billion |
| Estimated Size, 2021 | USD 3.6 billion |
| Projected Size, 2031 | USD 6.0 billion |
| Value-based CAGR (2021 to 2031) | 5.1% |
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Filter paper is used to filter various solid substances from liquid. It is semi-permeable in nature. Filter paper is used in many industries, most commonly in chemical industries to separate different substances from each other. The demand of filter paper is driven by food and beverages and oil separation industries. It is also used for separation of contamination from the desired products.
Filter papers are of different pore sizes so that it can separate different substances over a wide range of size. Whatman filter paper is commonly used in analytical techniques for separating, determining, and identifying materials. It finds its applications inside and outside the laboratory.
Therefore, all these factors will drive the demand of filter paper during the forecast period from 2021 to 2031 globally.
Filter paper use increases due to increasing demand of filter paper laboratories and research institutes for experimental purposes such as DNA and protein separation processes, screening of drug, cell culture, and other separations and filtration processes.
Furthermore, growth of this market is extremely influenced by rise is healthcare-related research and development. In addition, surge in biopharmaceutical research activities and need for rapid drug commercialization are the foremost drivers for filter paper market during the forecast period from 2021 t0 2031 in both developed and developing countries.
Principal Consultant
USA and Canada will remain the leading players in the filter paper market worldwide. This is predominantly due to the existence of key players and research and development (R&D) in the region.
According to UNESCO 2020 study, USA spent a large part of their GDP approximately 2.7% of its GDP in R&D. Also, there were 4205 researchers in per million USA inhabitants according to UNESCO in 2020.
Therefore, it can be estimated that these large number of researchers required great amount of filter paper in their research work thus, the demand of filter paper will increase in the region during the forecast period from 2021 to 2031.
Europe primarily focuses on R&D for the development of various innovative products and techniques to make the life of the people easy and better.
It spends a large part of its GDP on R&D. For instance, according to UNESCO 2020 study, Germany spent 2.9% of its GDP on R&D and Germany has 4320 researchers per million inhabitants.
Therefore, the demand of filter paper enhances in the region during the forecast period from 2021 to 2031.
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The key players of filter paper include
These companies follow certain strategies like merger and acquisition, getting government approval, gaining patents and new product launch to be at the top position in the market. For instance, Griff Paper & Film in 2019 launched its Geo-Liner Division for expanding its facilities like tarps, membranes, and geotextile liners.
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 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.
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Filter Paper Market
