Paper Straw Market By Material (Virgin paper, Recycled paper), By Product (Printed, Non-printed), By Application (Foodservice, Household): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global paper straw market was valued at $865.3 million in 2021, and is projected to reach $3,042.8 million by 2031, registering a CAGR of 13.3% from 2022 to 2031. Paper straws is a long thin hollow paper or plastic tube, used for sucking up liquids into the mouth.
The global paper straw market is in the introductory phase of industry life cycle and is expected to explore new growth opportunities during the coming years. Some of the basic factors driving the growth of the market include, governmental initiatives to eliminate single use plastic straws and strict regulatory outlook against the use of conventional plastic products.
Industry trends are shifting toward bio-based products to reduce dependence on conventional plastics straws. Biodegradable plastics degrade easily unlike fossil fuel-based plastic products, which may take more than 500 years to degrade completely. Moreover, most of the manufacturers in the food & beverage industry are shifting toward paper-based utensils due to stringent regulations from the government. Such factors are majorly impacting the growth of the global paper straw market.
On the other hand, growth of the market is restrained by different government regulations for initiating the machines used for making paper straws, which in turn is limiting the growth of the market. However, technological innovations in machines used for making paper straws are leading to production of larger number of straws in lesser duration of time, which is expected to provide lucrative growth opportunities for the market.
The paper straw market is segmented on the basis of material, product, end user, and region. By material, the paper straw market is fragmented into virgin paper and recycled paper. By product, the market is categorized into printed and non-printed. By end user, the market is divided into food service and household. By region, the paper straw market has been analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The major players profiled in the paper straw market report include, Aleco Industrial Co. Ltd., Biopak , Bygreen, Canada Brown Eco Products Ltd , Charta Global , Focus Technology Co., Ltd. , Footprint , Fuling Global Inc. , Hoffmaster Group, Inc. , Huhtamaki Oyj , Lollicup USA, Inc. , Ningbo Jiangbei Shenyu Industry and Trade Co., Ltd. , Shenzhen Grizzlies Industries Co., LTD , Soton Daily Necessities Co., Ltd. , Tipi Straws, Transcend Packaging Ltd., and YuTong Eco-Technology (SuQian) Co., Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the paper straw market analysis from 2021 to 2031 to identify the prevailing paper straw market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the paper straw market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global paper straw market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Printed
Non-printed
By Material
Virgin paper
Recycled paper
By Application
Foodservice
Household
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest Of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ALECO INDUSTRIAL CO., LTD.
BioPak
Bygreen
Canada Brown Eco Products Ltd
charta global, inc.
Focus Technology Co., Ltd.
Footprint
Fuling Global Inc.
Hoffmaster Group, Inc.
Huhtamaki Oyj
Lollicup USA, Inc.
Ningbo Jiangbei Shenyu Industry and Trade Co., Ltd.
Shenzhen Grizzlies Industries Co., LTD
Soton Daily Necessities Co., Ltd.
Tipi Straws
Transcend Packaging Ltd.
YuTong Eco-Technology (SuQian) Co., Ltd
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook