PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1454128
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1454128
Absorbent Paper Market size was valued at USD 135,520.45 Million in 2023, expanding at a CAGR of 6.10% from 2024 to 2032
Absorbent paper, also known as blotting paper, has the ability to quickly soak up and hold liquids. It is commonly used in various situations where rapid liquid absorption is necessary. This kind of paper is readily available in various sizes and thicknesses, and can be purchased from art supply stores, scientific supply companies, and online retailers. For instance, the use of Absorbent Paper Points is closely tied to the size of the instruments used for root canal treatment. Typically, the choice of Absorbent Paper Points' size depends on the size of the final instrument used for root canal treatment. There is a growing trend towards eco-friendly and sustainable absorbent paper products, with manufacturers exploring materials and production methods that minimize environmental impact.
Absorbent Paper Market- Market Dynamics
Rising hygiene and sanitation awareness is anticipated to propel the market growth
The demand for absorbent paper products is on the rise due to the increasing emphasis on hygiene and sanitation in healthcare facilities, households, and food processing plants. Absorbent paper is essential for various purposes like medical pads, sanitary napkins, food packaging, and cleaning wipes, leading to significant market potential. As per the World Health Organization, by 2022, 57% of the global population (4.6 billion people) had access to safely managed sanitation services, while 33% (2.7 billion people) used private sanitation facilities connected to sewers with treated wastewater, and 88% (7.2 billion people) had access to at least basic sanitation services. The growing concerns about environmental sustainability are driving opportunities for absorbent paper, although fluctuations in raw material availability and pricing, such as pulp and fibers, can impact production costs and profitability for manufacturers.
Absorbent Paper Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.10% over the forecast period (2024-2032)
Based on product type segmentation, Towel & Tissue Paper was predicted to show maximum market share in the year 2023
Based on End-User segmentation, Medical was the leading type in 2023
On the basis of region, Asia pacific was the leading revenue generator in 2023
The Global Absorbent Paper Market is segmented on the basis of Product Type, Material, End-User, and Region.
The market is segmented into five categories according to product type: Bibulous Paper, Blotting Paper, Filter Paper, Oil Absorbing Paper, and Towel & Tissue Paper. Towel & Tissue Paper holds the largest market share. Absorbent paper plays a vital role in different towel and tissue paper items such as paper towels, facial tissues, toilet paper, kitchen roll towels, napkins, and table tissues. Its quick moisture and liquid absorption capabilities, along with its comfort and hygiene benefits, are essential for daily use in homes, businesses, and institutional environments.
The market is segmented into three categories according to Material: Cellulose-Based, Cotton Fiber-Based, and Synthetic Fibers-Based. Every material type provides distinct characteristics and uses. Cellulose-based absorbent paper is the most commonly utilized material because of its widespread availability and flexibility, whereas cotton fiber-based absorbent paper is preferred for its gentle texture and hypoallergenic qualities.
The market is segmented into four distinct categories according to the end-users they cater to: Food & Beverage, Medical, Packaging, and Personal Care & Home Care. Among these categories, the Medical sector holds the largest share. Within the medical industry, absorbent paper plays a vital role in various applications such as wound care, surgical procedures, diagnostics, incontinence management, orthopedics, laboratory research, and hygiene products.
Absorbent Paper Market- Geographical Insights
Geographically, this market is extensively spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented based on the countries involved in business activities. The growth of the market is expected to be driven by the Asia Pacific region, primarily due to the increasing demand for surgical drapes and gowns in the healthcare sector. The healthcare sector in the Asia Pacific region has been witnessing significant growth, fueled by factors such as population growth, rising incomes, and growing healthcare awareness. Absorbent paper is utilized in various forms, including surgical drapes and gowns, to effectively prevent the transmission of infections during medical procedures. By 2030, China's healthcare sector is projected to reach a value of USD 2.4 trillion. In 2020, healthcare spending in China amounted to ¥6.5 trillion (USD957 billion), as reported by China Health Care Statistics. Europe holds the second-largest region for market growth, primarily due to the increasing number of surgical procedures being performed.
Competing in the absorbent paper market revolves around product quality and performance. Companies allocate resources towards research and development to enhance absorbent paper formulations, refine manufacturing processes, and optimize product characteristics like absorbency, softness, strength, and durability. By offering superior quality and performance, companies can effectively attract and retain customers, establish brand differentiation, and gain a competitive advantage. The absorbent paper market is highly competitive, with companies vying for success through factors such as product quality, innovation, pricing, brand recognition, and distribution.
Ahlstrom-Munksjo has introduced TrustShield Biological, a new line of personal protective apparel medical fabric specifically engineered to safeguard against dangerous pathogens. The TrustShield collection includes a variety of medical fabrics tailored to offer top-notch protection in surgical settings, clinical facilities, and laboratories. These fabrics are resistant to lasers, guard against chemical penetration, and boast high absorbency levels.
GLOBAL ABSORBENT PAPER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Ahlstrom-Munksjo
Cascades Inc.
Clearwater Paper Corporation
Daycon by Envoy Solutions Company
Domtar Corporation
Essity AB
Glatfelter Corporation
Hokuetsu Corporation
Kimberly-Clark Corporation
Koehler Paper Group
Kruger Inc.
Metsa Group
Mondi Group
Neenah Inc.
Nippon Paper Industries Co., Ltd.
PG Paper Company Ltd.
PRAK Group of Companies
Resolute Forest Products
Smurfit Kappa Group
Sofidel Group
Sorbent Paper Company Pty Ltd
Stora Enso
Suzano Papel e Celulose
The International Paper Company
Unicharm Corporation
UPM-Kymmene Oyj
Venkraft Paper Mills Pvt.Ltd.
Others