Global Paper Straw Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Material;

Virgin Paper and Recycled Paper.

By Application;

Foodservice, Households, and Institutions.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn607699701 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Paper Straw Market (USD Million), 2020 - 2030

In the year 2023, the Global Paper Straw Market was valued at USD 1,278.45 million. The size of this market is expected to increase to USD 5,698.09 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 23.8%.

The global paper straw market is experiencing a notable surge in demand and innovation, driven by increasing environmental consciousness, regulatory measures against plastic pollution, and shifting consumer preferences towards eco-friendly alternatives. Paper straws, made from biodegradable and renewable materials, have emerged as a sustainable solution to address the environmental concerns associated with single-use plastic straws. With growing awareness about the detrimental impacts of plastic waste on marine life, ecosystems, and human health, there is a heightened focus on adopting sustainable practices across industries, including food and beverage.

The paper straw market is witnessing significant traction from various sectors, including restaurants, cafes, bars, and fast-food chains, as they transition towards greener packaging solutions to meet consumer expectations and regulatory requirements. Technological advancements in paper straw manufacturing processes, including improvements in durability, flexibility, and printing capabilities, are enhancing the appeal and functionality of paper straws, making them a viable alternative to plastic counterparts. As businesses and consumers alike prioritize environmental sustainability and corporate social responsibility, the global paper straw market is poised for continued growth and expansion, offering opportunities for innovation, investment, and market penetration in the quest for a more sustainable future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Paper Straw Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Shift in Consumer Preferences

        2. Corporate Sustainability Initiatives

        3. Innovations in Paper Straw Technology

      2. Restraints
        1. Cost Considerations

        2. Supply Chain Constraints

        3. Resistance to Change

      3. Opportunities
        1. Market Expansion in Various Sectors

        2. Product Differentiation and Branding

        3. Innovation in Sustainable Packaging

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Paper Straw Market, By Material, 2020 - 2030 (USD Million)
      1. Virgin Paper

      2. Recycled Paper

    2. Global Paper Straw Market, By Application, 2020 - 2030 (USD Million)
      1. Foodservice

      2. Households

      3. Institutions

    3. Global Paper Straw Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. UFlex Limited
      2. Hoffmaster Group Inc.
      3. Transcend Packaging Ltd
      4. Huhtamaki Oyj
      5. Fuling Global Inc.
  7. Analyst Views
  8. Future Outlook of the Market

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