Insights Into The Paper Straw Market’s Growth Opportunities Through 2023-2032 – Includes Paper Straw Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Government attempts to reduce plastic consumption are projected to encourage innovation in paper straw manufacturing, propelling the market during the forecast period.
The global paper straw market is expected to grow from $1.41 billion in 2022 to $1.61 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The global paper straw market size is expected to reach $2.67 billion in 2027 at a CAGR of 13.5%.
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Global paper straw Market Segments Include:
- By Product: Printed, Non-printed
- By Material: Virgin paper, Recycled paper
- By Length: <5.75 inches, 5.75-7.75 inches, 7.75-8.5 inches, 8.5-10.5 inches, >10.5 inches
- By Sales Channel: Manufacturers, Distributers, Retailers, E-Retail
- By End-user: Foodservice, Institutional, Household
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global paper straw market in 2021.
Major Market Players in the paper straw market include Footprint Paper Straw, Charta Global Inc., Canada Brown Eco Products Ltd., Huhtamaki Oyj, Hoffmaster Group Inc., Transcend Packaging Ltd., BioPak, Bygreen Paperpack.
Technological developments are a major trend that is gaining traction in the paper straw industry. Companies in the paper straw sector are embracing new technology in order to maintain their market position. For example, HB Fuller Company India, a US-based adhesives manufacturing company, will unveil Swift®tak in September 2021, a new adhesive for paper straw developed utilising water-based technology that offers improved food-safe solutions while maintaining straw integrity. The new adhesive solution delivers three hours of resistance in a variety of liquids, including milk, soft drinks, juices, and water, thanks to water-based technology. Because of its lack of plasticizers, improved operational efficiency, and more than three hours of liquid resistance, the brand-new Swift®tak PS5600-I is unquestionably at the cutting edge of innovation.
The Paper Straw Global Market Report 2023 provides a paper straw market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The paper straw market forecast analyzes paper straw market size, paper straw market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Paper straws are a form of environmentally friendly drinking straw constructed from paper materials, most commonly paperboard or paper pulp. Because they disintegrate faster in natural settings, these paper straws are biodegradable, compostable, and more environmentally friendly than plastic straws.
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