Paper Straw Market Size
Paper Straw Market to surpass USD 4046.7 Million by 2030, which is valued at 596.4 Million in 2019 at a compound annual growth rate of 19.10%
Paper straws are straws made of paper and are used for drinking liquids. They can be produced as a straight in a pipe shape or can be given an adjustable angular shape depending on the convenience of the user and the kind of liquid which is served. Paper straws are available in different sizes and shapes depending on the density of the drink served. As they are made of paper hence, they are considered environmentally friendly and thus proving to be a potential alternative to plastic straws. They are fully biodegradable and can also be recycled after use, unlike plastic straws which take months to degrade.
Market Highlights
Paper Straw Market is expected to project a CAGR of 19.10% during the forecast period, 2019-2030
According to the report, this growth is anticipated due to the advent of growing government restrictions on plastic waste thus creating the demand for an alternative. Moreover, in the last couple of years, there has been a tremendous increase and fast development in the beverages and food industries, serving thousands of customers every minute. This has resulted in a worldwide surge in the application of paper straws. Technological developments have resulted in the advent of online food supply platforms that help the paper straws market expand enormously.
Paper Straw Market: Segments
The Virgin kraft paper segment is anticipated to register XX% of the volume share and is expected to grow at the highest CAGR.
Straws made from virgin kraft paper are strong, efficient, and highly dependable. This segment is anticipated to grow as these straws provide a higher absorbency rate and also produce less waste as compared to recycled paper which is weak and unstable. Moreover, people prefer to use a fresh product instead of the one made from recycled paper especially in food industries.
Non-printed accounted for XX% of the global volume in 2019 and is poised to grow at the highest CAGR
The non-printed segment is poised to grow at the highest rate. Non-printed straws were manufactured to ensure that the dye or ink is not digested. These are made of organic and food-grade materials. Rising consumer demand and a need for a product that is not toxic fueled the global demand for this segment. However, the printed segment is also gaining traction due to technological advancements and the use of natural inks in the manufacturing process of printed straws thus creating demand for attractive and colorful straws market.
Market Dynamics
Drivers
Emerging food and beverage industry
There has been a tremendous increase and fast development in the beverages and food industries, serving thousands of customers every minute in the last couple of years. This has resulted in a worldwide surge in the application of paper straws. Technological developments have resulted in the advent of online food supply platforms that help the paper straws market expand enormously.
Ban on plastic products
There has been a ban on certain plastic products in many parts of the world, especially in Asian countries due to strict government regulation. Moreover, growing consumer awareness and a drive towards a green environment have created a demand for a green product that is easily recyclable and can be easily degraded. This gave a boost to the paper straw industry which uses organic and food-grade material for production.
Restraints
Higher costs
Paper straws are comparatively costlier as compared to plastic straws. This is due to its complex manufacturing process from cutting trees to creating pulp and paper. This adds up to the cost and thus industries with small profit margins tend to use plastic straws as they are available at cheaper rates.
Not for long use
Most of the paper straws are made from organic material and tend to lose their strength when they come in contact with a liquid for a long period. Therefore, they can only be used for a short period due to the tendency of paper to get dissolved in water for a prolonged time.
Global Paper Straw Market: Regions
Europe was the largest market accounting for XX% of the total market volume share in 2019
European market stands at the apex of the global paper straw market. This growth is attributed to the rising demand for paper straws in the countries like the United Kingdom and Germany as there a strong growth of the food and beverage industry in this region. Also, there is a provision for a significant impact on the economic growth of the paper straw market throughout the forecast period because of environmental concerns and government regulations and reforms for prohibiting plastics in Europe. Moreover, in the Asia Pacific, the demand for paper straws is also tremendous due to the emerging food industry and government ban on certain plastic products in some parts of India and China, therefore, creating a demand for organic paper straws.
Global Paper Straw market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
- Latin Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa
Global Paper Straw Market: Key Players
- Huhtamaki
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Hoffmaster Group, Inc
- Vegware
- OkStraw Paper Straws
- Hello Straw
- Soton Daily Necessity Co.
- Shenzhen Grizzlies Industries Co., Ltd.
- TIPI Straws Co
- Green
- Footprint
- Nippon Paper Group
- Tetra Pak
- Biopak
- Canada Brown Eco Products Ltd.
- Fuling Global Inc.
- Other prominent players
Global Paper Straw market report also contains analysis on:
Paper Straw Market Segments
- By Product Type
- Printed
- Non-Printed
- By Material Type
- Recycled
- Virgin Kraft Paper
- Paper Straw Market Dynamics
- Paper Straw Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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