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.

Global Paper Straw Market

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.

Global Paper Straw 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

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

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Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis