The market is anticipated to grow at a steady CAGR of 4.6% from 2022 to 2032, reaching a projected value of US$ 3.6 Bn by that time. The target market is expected to increase from a value of US$ 2.2 Bn in 2021 to US$ 2.3 Bn in 2022. Throughout the projected period, rising usage in the healthcare, biotechnology, food and beverage industries, among others, will propel the expansion of the filtration paper market.
Filtration paper is a type of paper that is employed to remove pollutants from a liquid or gas. It is a paper barrier that is positioned vertically over the liquid or gas flow and is only partially permeable. Furthermore, small hard components are separated from liquids or gases using filtration paper. Filter paper is made from a variety of paper pulps, including softwood and hardwood, as its basic material. Due to the growing need for filtering paper across a variety of sectors, the market is anticipated to experience significant expansion during the anticipated period.
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Filtration paper is increasing gaining traction in the packaging industry, healthcare, and food and beverages industry. The global demand in the market is anticipated to grow by 1.7x during the projection period of 2022 and 2032.
Filtration paper is gaining large scale application in the healthcare, industrial, and food & beverage industries. This is expected to bolster the global sales at a swift pace over the assessment period. As a result, many leading players are investing in research and development to release products with advanced technology so as to take advantage of the rising demand. All of these factors will propel the filtration paper market towards growth during the forecast period.
“Increasing popularity of filtration paper as a reliable and cost-effective medium will facilitate the global growth of the filtration paper market over the forecast period,” says an FMI analyst.
Key Takeaways:
- The filtration paper market in China will register a CAGR of 5.1% during the forecast period.
- The growing usage in the paper industry will bolster India’s filtration paper market.
- By type of pulp, hardwood pulp will generate highest demand during 2022-2032.
- Based on end use, the food and beverages industry will likely hold 42% of the global market sales.
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Competitive Landscape
Thermo Fisher Scientific Inc., Ahlstrom-Munksjö, PAPCEL, a.s., Azumi Filter Paper Co Ltd, Hawach Scientific Co., Ltd, KONOS GmbH, Hollingsworth & Vose, Merck KGaA, SP Bel-Art, Shanghai Mingguan Purification Materials Ltd., Animo B.V., Polymer Papers Limited, Dongguan Huachen Filter Material Limited, Innova Corporate, General Filtration, Twin Rivers Paper Company, Turanlar Group, and Alfa Industries among others are some of the major players in the filtration paper market profiled in the full version of the report.
Leading market participants are keen on upgrading their production facilities and producing new products to meet the rising demand. These firms employ strategic mergers and acquisition tactics to gain a competitive advantage.
More Insights into Filtration Paper Market Report
In its latest report, FMI offers an unbiased analysis of the global filtration paper market, providing historical data from 2013 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on pulp type (hardwood, softwood), product type (quantitative filter paper, qualitative filter paper), end use (food & beverages, healthcare, laboratories, automotive, cosmetics), and region.
According to the latest FMI reports, based on segmentation, the hardwood pulp type is anticipated to generate the highest demand. This segment will grow 1.7x during 2022-2032 owing to its strength, absorbency, and resistance to tearing. In terms of end-use, the food and beverages segment will account for 42% of the global filtration paper market sales during the projected period.
Based on region, the filtration paper market in China will present significant growth during 2022-2032. The target market in this country will record a CAGR of 5.1%. The easy availability of paper and its raw material will drive the filtration paper market in China. Low cost of manufacturing process will further encourage filtration paper market growth in this country. Besides China, India and Japan will also offer lucrative market opportunities to the filtration paper market during the forecast period.
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Filtration Paper Market by Category
By Pulp Type:
- Hardwood
- Softwood
By Product Type:
- Quantitative Filter Paper
- Qualitative Filter Paper
By End Use:
- Food & Beverage
- Healthcare
- Laboratories
- Automotive
- Cosmetics
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