The global sales of pharma grade paper market are estimated to be worth USD 1.6 billion in 2021 and are anticipated to reach a value of USD 2.5 billion by 2031. Sales are projected to rise at a CAGR of 4.6% over the forecast period between 2021 and 2031. The revenue generated by pharma grade paper market in 2020 was USD 1.5 billion.
The pharma grade paper market is driven by the increasing need for high-quality, compliant packaging materials in the pharmaceutical industry, which requires papers that meet stringent safety and regulatory standards. The growth in pharmaceutical and biotech sectors, particularly for drug packaging and labeling, enhances the demand for reliable and secure paper products.
Innovations in paper technologies, such as enhanced barrier properties and tamper-evident features, cater to evolving industry needs. Additionally, rising awareness of counterfeiting and the need for robust traceability drive the adoption of specialized pharma grade papers. The expansion of global pharmaceutical markets and regulatory requirements further support the growth of this market.
Global Pharma Grade Paper Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.5 billion |
| Estimated Size, 2021 | USD 1.6 billion |
| Projected Size, 2031 | USD 2.5 billion |
| Value-based CAGR (2021 to 2031) | 4.6% |
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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 of medical devices that includes 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 the surgical purposes that includes 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.
North America is one of the prominent regions that has imposed a great demand for pharma grade paper. The 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.
Principal Consultant
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.
The growing pharmaceutical industry impacts the demand of 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
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.
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Pharma Grade Paper Market
