Global Paper Straws Market - 2022-2029

Global Paper Straws Market - 2022-2029

Market Overview

Paper Straws Market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 3.2% during the forecast period (2022-2029).

A paper straw is a utensil intended to carry the contents of a beverage to one's mouth. Paper straws are commonly made from virgin paper, but environmental concerns and new regulation has led to a rise in reusable straws. These straws are often made of recycled paper. Drinking straws have factually been intended as a single-use product. Several regions, countries, and municipalities have banned single-use plastic straws to reduce plastic pollution, which propelled paper straws demand. Moreover, many companies have even voluntarily banned or reduced the number of plastic straws and increased paper straws distributed from their premises. The global paper straws market growth factors are growing consumer demand for eco-friendly straws, growing intolerance toward the use of plastic straws and rising government reforms & campaigns to ban plastic straws, to contribute to the growth of the paper straws market during the forecast period.

Market Dynamics: Rising demand for eco-friendly products and increasing awareness among the population drives market growth

Consumer inclination towards eco-friendly and suitable products is one of the key factors for the growth of the global paper straw market. Consumables that are appealing, as well as disposable after one use, always get the attention of the consumer. Thus, paper straw manufacturers provide printed paper straws with adorable designs to grab more consumer attention in the market. Paper straws made with 3 or 4 layers of paper around a mould and many additives are comparatively more durable than conventional paper straws. Paper straws answer the market need for a stable and sustainable alternative to plastic straws and will likely gain significant traction during the forecast period.

Plastic straw consumption has increased significantly in the last 2 to 3 years. However, growing intolerance towards plastic straws, increasing consumer demand for biodegradable straws, and an increase in government reforms and regulations to ban plastic straws are affirmative to offer a positive outlook for the growth of the paper straws market.

Also, shifting consumer patterns in the food service industry drives market growth. The food service industry is a key end-use consumer of paper straws, and the increasing number of food outlets is substantially fueling the demand for paper straws. There has been a dynamic shift in the consumer consumption pattern in the food and beverages sector. Moreover, growing online food delivery platforms in emerging countries increase the need for various use-and-throw products like paper straws. It leads to an intense rivalry across food delivery platforms among food service companies, which will provide lucrative growth opportunities for disposable food products such as paper straws.

Market Segmentation: The virgin paper segment will project the fastest growth in the market throughout the forecast period

By material type segment, the paper straws market is bifurcated into virgin paper and recycled paper.

The virgin paper is anticipated to dominate the paper straw market in terms of volume and value in the forecast period. Most paper straw manufacturers are using virgin paper as these papers are reliable, strong and have higher absorbency rates, and at the same time have quality and effectiveness, reducing wastage, as consumers don’t have to use multiple straws for single-use. It has resulted in the high demand for the segment in the global market.

Based on product type, the paper straws market is classified into printed and non-printed

The non-printed segment is expected to lead the paper straw market over the forecast period. The printed paper is estimated to grow with a high growth rate during the forecast period in terms of value and volume. Non-printed paper straws are manufactured to avoid inks or dyes' digestions and are produced using sustainably food-grade paper or sourced paper. The changing tastes & preferences of consumers are anticipated to fuel the market for non-printed paper straws shortly.

Geographical Penetration: North America is the dominating region during the forecast period.

Based on geography, the study analyzes the Paper Straws market in the global market, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

North America is anticipated to dominate the global paper straws market over the forecast period, owing to the growing demand for paper straws in Canada and the US. In Europe, the increasing demand for biodegradable products, emphasis on certified recyclable straws, and exclusive campaigns by the European Union to promote a pollution-free environment are estimated to fuel the paper straw market growth. The European paper straw market is projected to grow with a high CAGR over the forecast period in terms of value and volume. The development of the European region market is accredited to the increased demand for paper straws in developed countries, such as the UK and Germany, as they are gradually used in the European food service industry. Furthermore, the strong influence of environmental and governmental reforms and regulations to ban plastics in European countries is expected to drive the paper straw market's growth in the region.

Competitive Landscape:

The paper straw market is highly competitive with the presence of regional and global companies. Some of the key players who are supporting the growth of the market include Hoffmaster Group, Inc., Huhtamaki Oyj, Footprint, Transcend Packaging Ltd., Changya New Material Technology Co., Ltd., Fuling Global Inc., Canada Brown Eco Products Ltd, Zhangzhou Wulian Paper Products Co., Ltd., Zhejiang Huameng Environmental Protection and New Materials Co., Ltd, Hebei Compka Bio-Technology Co., Ltd., and Zhangzhou Rainbowbear Paper Craft Co., Ltd. among others. The key players realize various growth strategies, such as product innovation, acquisitions, and expansion, which are backing the growth of the paper straws market globally. In January 2022, Huhtamaki acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd. (SA). The company manufacture and sells food service paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland. In July 2022, Lamipak, one of the industry leaders in aseptic packaging products and solutions, launched its U-Shape Paper Straws in India. The U-shape paper straws are available in 143mm, 160mm and 181mm and are compatible with our portion packs and are composed of 100% recyclable paper that is biodegradable and responsibly sourced from FSC certified suppliers.

COVID-19 Impact: Negative impact on the global paper straws market.

Coronavirus is a unique worldwide general wellbeing crisis that has influenced almost every industry, so the drawn-out impacts are projected to affect business development during the figure time frame. COVID-19 has negatively affected the paper straw market due to decreased demand from restaurants and other food service sectors. However, the market is estimated to grow rapidly due to increasing awareness of single-use straws in this pandemic, post-COVID-19.

The global paper straws market report would provide an access to approximately 64 market data tables, 51 figures and 170 pages