Global Paper Straw Market to Reach $5.4 Billion by 2030
The global market for Paper Straw estimated at US$1.7 Billion in the year 2023, is expected to reach US$5.4 Billion by 2030, growing at a CAGR of 17.4% over the period 2023-2030. Virgin Paper Straw, one of the segments analyzed in the report, is expected to record 18.4% CAGR and reach US$4 Billion by the end of the analysis period. Growth in the Recycled Paper Straw segment is estimated at 14.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $454 Million, While China is Forecast to Grow at 22.7% CAGR
The Paper Straw market in the U.S. is estimated at US$454 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 22.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.9% and 15.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.
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