Paper Straw Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Paper Straw Market
The paper straw market size was valued at USD 1.51 billion in 2023, and the market is now projected to grow from USD 1.58 billion in 2024 to USD 2.69 billion by 2032, exhibiting a CAGR of 6.86% during the forecast period of 2024-2032.
There was an apparent climax in the virus's propagation. Numerous industries were halted by these government measures, including lockdowns and border closures. There was a disruption in the supply chain due to the closed borders and aggressive travel restrictions. These factors affected the paper straw market growth. This industry was therefore negatively impacted by manufacturing facility closures, supply chain disruptions, and economic recession. To sum up, this pandemic severely affected all the industries but mainly these sectors of consumer goods.
The global market is expanding because to the increased demand for straws, which are becoming more and more useful in the food service industry. These factors affected the paper straw market share. The revenue and share systems numbers are off the charts and demands are touching the skies.
As a sustainable and affordable substitute for plastic straws, equipment makers are putting more and more effort into creating inventive machinery for the production of paper straws that are kind to the environment and are harmless to the consumers as well. It is basically known that how harmful the plastic is for living beings and also harms the natural lives. The paper straws are much better and profiting alternative in terms of usage of all types. The paper straw industry is undergoing a transformation thanks to the growing use of machines for making paper straws.
Comprehensive Analysis of Paper Straw Market
Papers classified as virgin and recycled make up the material segment. Printed and non-printed products make up the two segments of the market. The food service and home segments of the market are divided based on application.
North America is expected to be the leading region of this particular product market. The food service business in this region has witnessed a sharp rise in the usage of drinking straws due to the strict rules imposed on single-use plastic goods.
Moderate market fragmentation exists. In addition to spending money on R&D to manufacture items, these businesses have large production capacities. Fueling Technology (China), Footprint (U.S.), Charta Global (U.S.), Canada Brown Eco Products Ltd (Canada), Huhtamaki Oyj (Finland), andare some of the major competitors of this particular product market.
In May 2022, SIG India declared the launch of its extensive assortment of reusable paper straws in a variety of sizes, forms, and uses. With more restaurants, food chains, and other foodservice establishments opening up shop in India, there is an increasing demand for the product, which is the main reason for the launch.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.86% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Material
Virgin Paper
Recycled Paper
By Product
Printed
Non-printed
By Application
Foodservice
Household
By Region
North America (By Product, Material, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Application, Product, Material, and Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Application, Product, Material, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
South America (By Application, Product, Material, and Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America (By Application)
Middle East and Africa (By Application, Product, Material, and Country)
- South Africa (By Application)
- UAE (By Application)
- Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent Market
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. Qualitative Analysis (In Relation to COVID-19)
- 4.5.1. Impact of COVID-19
- 4.5.2. Potential Opportunities due to COVID-19
- 5. Global Industrial Hemp Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Source
- 5.2.1.1. Organic
- 5.2.1.2. Conventional
- 5.2.2. By Type
- 5.2.2.1. Hemp Seed
- 5.2.2.2. Hemp Seed Oil
- 5.2.2.3. Hemp Fiber
- 5.2.2.4. Others
- 5.2.3. By Application
- 5.2.3.1. Food
- 5.2.3.1.1. Dietary Supplements
- 5.2.3.1.2. Functional Foods
- 5.2.3.2. Beverages
- 5.2.3.3. Personal Care & Cosmetics
- 5.2.3.4. Textiles
- 5.2.3.5. Pharmaceuticals
- 5.2.3.6. Others
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Industrial Hemp Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Source
- 6.2.1.1. Organic
- 6.2.1.2. Conventional
- 6.2.2. By Type
- 6.2.2.1. Hemp Seed
- 6.2.2.2. Hemp Seed Oil
- 6.2.2.3. Hemp Fiber
- 6.2.2.4. Others
- 6.2.3. By Application
- 6.2.3.1. Food
- 6.2.3.1.1. Dietary Supplements
- 6.2.3.1.2. Functional Foods
- 6.2.3.2. Beverages
- 6.2.3.3. Personal Care & Cosmetics
- 6.2.3.4. Textiles
- 6.2.3.5. Pharmaceuticals
- 6.2.3.6. Others
- 6.2.4. By Country
- 6.2.4.1. U.S.
- 6.2.4.2. Canada
- 6.2.4.3. Mexico
- 7. Europe Industrial Hemp Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Source
- 7.2.1.1. Organic
- 7.2.1.2. Conventional
- 7.2.2. By Type
- 7.2.2.1. Hemp Seed
- 7.2.2.2. Hemp Seed Oil
- 7.2.2.3. Hemp Fiber
- 7.2.2.4. Others
- 7.2.3. By Application
- 7.2.3.1. Food
- 7.2.3.1.1. Dietary Supplements
- 7.2.3.1.2. Functional Foods
- 7.2.3.2. Beverages
- 7.2.3.3. Personal Care & Cosmetics
- 7.2.3.4. Textiles
- 7.2.3.5. Pharmaceuticals
- 7.2.3.6. Others
- 7.2.4. By Country
- 7.2.4.1. France
- 7.2.4.2. Germany
- 7.2.4.3. Italy
- 7.2.4.4. Spain
- 7.2.4.5. U.K.
- 7.2.4.6. Russia
- 7.2.4.7. Rest of Europe
- 8. Asia Pacific Industrial Hemp Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Source
- 8.2.1.1. Organic
- 8.2.1.2. Conventional
- 8.2.2. By Type
- 8.2.2.1. Hemp Seed
- 8.2.2.2. Hemp Seed Oil
- 8.2.2.3. Hemp Fiber
- 8.2.2.4. Others
- 8.2.3. By Application
- 8.2.3.1. Food
- 8.2.3.1.1. Dietary Supplements
- 8.2.3.1.2. Functional Foods
- 8.2.3.2. Beverages
- 8.2.3.3. Personal Care & Cosmetics
- 8.2.3.4. Textiles
- 8.2.3.5. Pharmaceuticals
- 8.2.3.6. Others
- 8.2.4. By Country
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. Australia
- 8.2.4.5. Rest of Asia Pacific
- 9. South America Industrial Hemp Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Source
- 9.2.1.1. Organic
- 9.2.1.2. Conventional
- 9.2.2. By Type
- 9.2.2.1. Hemp Seed
- 9.2.2.2. Hemp Seed Oil
- 9.2.2.3. Hemp Fiber
- 9.2.2.4. Others
- 9.2.3. By Application
- 9.2.3.1. Food
- 9.2.3.1.1. Dietary Supplements
- 9.2.3.1.2. Functional Foods
- 9.2.3.2. Beverages
- 9.2.3.3. Personal Care & Cosmetics
- 9.2.3.4. Textiles
- 9.2.3.5. Pharmaceuticals
- 9.2.3.6. Others
- 9.2.4. By Country
- 9.2.4.1. Brazil
- 9.2.4.2. Argentina
- 9.2.4.3. Rest of South America
- 10. Middle East & Africa Industrial Hemp Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Source
- 10.2.1.1. Organic
- 10.2.1.2. Conventional
- 10.2.2. By Type
- 10.2.2.1. Hemp Seed
- 10.2.2.2. Hemp Seed Oil
- 10.2.2.3. Hemp Fiber
- 10.2.2.4. Others
- 10.2.3. By Application
- 10.2.3.1. Food
- 10.2.3.1.1. Dietary Supplements
- 10.2.3.1.2. Functional Foods
- 10.2.3.2. Beverages
- 10.2.3.3. Personal Care & Cosmetics
- 10.2.3.4. Textiles
- 10.2.3.5. Pharmaceuticals
- 10.2.3.6. Others
- 10.2.4. By Country
- 10.2.4.1. South Africa
- 10.2.4.2. UAE
- 10.2.4.3. Rest of Middle East & Africa
- 11. Competitive Landscape
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Industrial Hemp Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Fresh Hemp Foods Ltd.
- 12.1.1. Company Overview
- 12.1.2. Business Overview
- 12.1.3. Product Portfolio
- 12.1.4. Financials
- 12.1.5. Recent Developments
- 12.1.6. SWOT Analysis
- 12.2. IND HEMP, LLC.
- 12.2.1. Company Overview
- 12.2.2. Business Overview
- 12.2.3. Product Portfolio
- 12.2.4. Financials
- 12.2.5. Recent Developments
- 12.2.6. SWOT Analysis
- 12.3. Blue Sky Hemp Ventures
- 12.3.1. Company Overview
- 12.3.2. Business Overview
- 12.3.3. Product Portfolio
- 12.3.4. Financials
- 12.3.5. Recent Developments
- 12.3.6. SWOT Analysis
- 12.4. Panda Biotech, LLC
- 12.4.1. Company Overview
- 12.4.2. Business Overview
- 12.4.3. Product Portfolio
- 12.4.4. Financials
- 12.4.5. Recent Developments
- 12.4.6. SWOT Analysis
- 12.5. Hemp Republic
- 12.5.1. Company Overview
- 12.5.2. Business Overview
- 12.5.3. Product Portfolio
- 12.5.4. Financials
- 12.5.5. Recent Developments
- 12.5.6. SWOT Analysis
- 12.6. South Hemp Tecno srl
- 12.6.1. Company Overview
- 12.6.2. Business Overview
- 12.6.3. Product Portfolio
- 12.6.4. Financials
- 12.6.5. Recent Developments
- 12.6.6. SWOT Analysis
- 12.7. HEMP FACTORY
- 12.7.1. Company Overview
- 12.7.2. Business Overview
- 12.7.3. Product Portfolio
- 12.7.4. Financials
- 12.7.5. Recent Developments
- 12.7.6. SWOT Analysis
- 12.8. East Mesa
- 12.8.1. Company Overview
- 12.8.2. Business Overview
- 12.8.3. Product Portfolio
- 12.8.4. Financials
- 12.8.5. Recent Developments
- 12.8.6. SWOT Analysis
- 12.9. DON Processing, Inc
- 12.9.1. Company Overview
- 12.9.2. Business Overview
- 12.9.3. Product Portfolio
- 12.9.4. Financials
- 12.9.5. Recent Developments
- 12.9.6. SWOT Analysis
- 12.10. HempFlax Group B.V.
- 12.10.1. Company Overview
- 12.10.2. Business Overview
- 12.10.3. Product Portfolio
- 12.10.4. Financials
- 12.10.5. Recent Developments
- 12.10.6. SWOT Analysis
- 13. Strategic Recommendations
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