Global Paper Straw Market Growth 2023-2029

Global Paper Straw Market Growth 2023-2029

In the food service, public utilities and household industries, increasing demand for paper straw for various end uses is a key factor. Factors such as increased consumer demand for environmentally-friendly straws will contribute to the growth of the paper straw market. The food and beverage service segment in the paper straw market will grow at a compound annual growth rate with the highest value growth due to the adaptation of environmentally friendly alternatives for single-use disposable products to avoid or prohibit the use of plastic straws Other disposable items. It is expected that in the near future, demand for the papyrus market will increase significantly due to increasing awareness of sustainability and the surge in the number of bans on disposable plastic products in the food service industry.

LPI (LP Information)' newest research report, the “Paper Straw Industry Forecast” looks at past sales and reviews total world Paper Straw sales in 2022, providing a comprehensive analysis by region and market sector of projected Paper Straw sales for 2023 through 2029. With Paper Straw sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Paper Straw industry.

This Insight Report provides a comprehensive analysis of the global Paper Straw landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Paper Straw portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Paper Straw market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Paper Straw and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Paper Straw.

The global Paper Straw market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Paper Straw is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Paper Straw is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Paper Straw is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Paper Straw players cover Hoffmaster Group, Transcend Packaging, Huhtamaki Oyj, Footprint, Fuling Global, Canada Brown Eco Products, Lollicup and Biopac, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Paper Straw market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
<5.75 Inches
5.75-7.75 Inches
7.75-8.5 Inches
8.5-10.5 Inches
>10.5 Inches

Segmentation by application
Foodservice
Institutional
Residential

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hoffmaster Group
Transcend Packaging
Huhtamaki Oyj
Footprint
Fuling Global
Canada Brown Eco Products
Lollicup
Biopac

Key Questions Addressed in this Report

What is the 10-year outlook for the global Paper Straw market?

What factors are driving Paper Straw market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Paper Straw market opportunities vary by end market size?

How does Paper Straw break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.