Global Paper Straw Market Is Set to Increase About $21.3 Billion By 2030

The global paper straw industry size was nearly $11.4 Billion in 2022 and is set to increase to about $21.3 Billion by 2030 along with securing the highest cumulative annual growth rate of 8.7% from 2023 to 2030.

Paper straw is gaining humungous popularity subject to rising consciousness about plastic straws’ sustainability as well as their ability in aligning with the laws enacted by the government. Moreover, many countries are preferring paper straws over plastics owing to their renewable nature and strict government regulations restricting the usage of plastic for preventing greenhouse effects. Reportedly, the product finds high penetration in the food and beverage industry owing to an increase in catering activities along with a surge in the establishment of restaurants, hotels, and food stalls globally.

Growing trend of consuming bio-based products is predicted to bolster the demand for paper straws in the ensuing years. With many food processing firms in the packaging, farming, and textile business shifting towards the utilization of bio-based items, the demand for paper straws is likely to increase in the ensuing years. All these aspects will embellish the expansion of the global paper straw market years ahead. In July 2021, the EU banned the usage of single-use plastic plates and food & beverage containers, thereby charting a profitable growth graph for the global market.

Nevertheless, escalating costs of paper straws and easy availability of substitute products at reduced costs can decimate the global paper straw industry surge. However, the plastic ban in the commercial packaging sector has forced firms to look for opting for best substitutes, thereby generating new growth opportunities for the global industry.

The global paper straw market is divided into material, product, application, and region.

The material segment of the paper straw market is sub-segmented into virgin paper and recycled paper segments. Furthermore, the virgin paper segment, which accounted for more than half of the global market share in 2022, is set to maintain its segment domination status in the coming years. The segmental surge in the coming decade can be credited to the large number of paper straw manufacturers using virgin paper as a raw component in the production of paper straws. In addition to this, paper straws produced with the help of virgin paper are strong, having high absorbency rates and high quality.

On the basis of product, the paper straw industry across the globe is divided into printed and non-printed segments. The non-printed beds segment, which held a share of approximately two-fifths of the global market in 2022, is set to continue its segmental domination in the ensuing years. The expansion of the segment in the analysis timeframe can be owing to the rising preference for non-printed paper straws by consumers as they are produced from food-grade papers which are bio-based and eco-friendly.

In terms of end-use, the paper straw market across the globe is segmented into food service and household segments. The foodservice segment, which contributed for about more than one-third of the global market revenue in 2022, is set to establish a leading position in the global market in the upcoming years. The segmental expansion in the ensuing years can be a result of the acceptance of paper straws in foodservice activities as apt eco-friendly substitutes for single-use plastics.

Furthermore, Europe, which contributed more than three-fifths of the overall share of the paper straw market revenue in 2022, is set to dominate the regional market expansion in the forecasting years. The regional market expansion in the coming years can be due to the growing penetration of paper straws in Germany, France, Italy, the UK, Holland, Spain, and Finland. In addition to this, the EU has mandated its member countries to ban the use of single-use plastics for minimizing environmental pollution and save Earth from catastrophes such as global warming and climatic changes.

Browse the full “Paper Straw Market By Material (Virgin Paper and Recycled Paper), By Product (Printed and Non-Printed), By Application (Foodservice and Household), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/paper-straw-market

Recent Developments:

• In the second half of 2022, SIG India, a division of a Swiss-based firm providing aseptic carton packaging services to its customers, introduced an assortment of renewable paper straws with different shapes and dimensions. Reportedly, the paper straw is predicted to offer the best bio-based non-plastic options to customers.
• In the first half of 2021, Nestle S.A., launched renewable paper straws for Milo, the chocolate drink. With this initiative, Nestle eliminated nearly 30 million plastic straws. Moreover, the firm declared that it will make use of paper straws in the packaging of its Nescafe cold coffee products in the near future. This is a major shift of any reputed food & beverage firm towards the use of eco-friendly products and is likely to contribute substantially towards the growth of the paper straw business in India as well as add to the profits & business growth of the manufacturers based across the country.

Key players in the global paper straw market include:

• Footprint
• Lollicup USA Inc.
• Hoffmaster Group Inc.
• Shenzhen Grizzlies Industries Co. LTD
• Soton Daily Necessities Co. Ltd.
• Aleco Industrial Co. Ltd.
• Transcend Packaging Ltd.
• Biopak
• Bygreen
• Canada Brown Eco Products Ltd.
• Focus Technology Co. Ltd.
• Fuling Global Inc.
• Tipi Straws
• Huhtamaki Oyj
• Charta Global
• Ningbo Jiangbei Shenyu Industry and Trade Co. Ltd.
• YuTong Eco-Technology (SuQian) Co. Ltd.

The global paper straw market is segmented as follows:

By Material

• Virgin Paper
• Recycled Paper

By Product

• Printed
• Non-Printed

 By Application

• Foodservice
• Household

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com