
Demand is rising rapidly in many parts of the economy, including the hospitality industry, educational institutions, and private households. Paper straws are becoming more and more common in a variety of settings, which is helping to fuel demand. Paper straws are preferred by many consumers because of their environmental friendliness; they are created from renewable resources and biodegrade quickly. Further fueling demand for paper alternatives is the fact that governments and organizations are enacting regulations and beginning campaigns to ban the use of plastic straws. As people learn more about the destructive impacts of plastic waste on the environment, they also develop an intolerance for the usage of plastic straws. All of these things put together should help the paper straw business grow in the years to come.
However, stringent government controls during installation of machines used in making paper straws have a chilling effect on market expansion. The construction, manufacturing, lodging, and tourism sectors all took significant hits during the COVID-19 pandemic. Production slowed to a halt or was severely regulated. This slowed the development of the paper straw sector since production and demand for the different machines needed to make the product dropped. However, production and service delivery in most industries are slowly returning to normal. By 2021's end, the paper straw market is predicted to have recovered, thanks in large part to the resumption of operations at full capacity by paper straw manufacturers.
Realizing they have duties as a company, brand owners are moving toward providing customers with environmentally friendly packaging and cutlery. The packaging that we buy from manufacturers, brand owners, and stores is designed to be reused, recycled, or decomposed. A. Lassonde Inc., a Canadian maker of fruit-based food & beverages, stated in 2021 that it had switched from plastic to paper straws for use in all of its SunRype 200ml single-serve beverage cartons sold in that country. Both the 100% juice and the 60% less sugar juice options available in 200 ml sizes from SunRype qualify here.
Consumers' growing understanding of climate change, efforts to minimize plastic use, and stringent government restrictions and requirements to lessen plastic waste all figure prominently in projections of the market potential for eco-friendly straws. To promote environmental safety and reduce plastic waste, for example, the Rwanda Environment Management Authority (Rema) passed a legislation forbidding the use, manufacture, import, and sale of single-use plastic goods in 2019.
Since several nations have outlawed the use of plastic straws, the business has grown rapidly. During the projection period, it is expected that there will be an increase in the demand for durable and eco-friendly alternatives to plastic straws. In Colombia, for instance, Nestlé Brazil stated in October 2021 that it will replace plastic straws with paper straws for its Nescau, Nesquik, Ninho, and Farinha Láctea products. Ten million plastic straws and food containers were destroyed by the company. Another reason contributing to the rise of paper straw market income is the elimination of 70 million plastic straws in Malaysia and Indonesia, which avoided the use of 1,700 tons of plastic.
Report Coverage
Global Paper Straw research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Paper Straw report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Paper Straw competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Paper Straw market players and analyses their core competencies in each global market sub-segments.
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2017-2030 |
Base Year | 2022 |
Forecast Period | 2022-2030 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Focus Technology Co., Ltd., charta global, inc., Lollicup USA, Inc., Huhtamaki Oyj, Soton Daily Necessities Co., Ltd., Bygreen, Hoffmaster Group, Inc., Tipi Straws, ALECO INDUSTRIAL CO., LTD., Fuling Global Inc., Shenzhen Grizzlies Industries Co., LTD, YuTong Eco-Technology (SuQian) Co., Ltd, Transcend Packaging Ltd., Canada Brown Eco Products Ltd, BioPak, Footprint, Ningbo Jiangbei Shenyu Industry and Trade Co., Ltd. |
Segments Covered | • By Product |
Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Paper Straw Market from 2021 to 2030.
- Market Forecast for Paper Straw Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Paper Straw competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Paper Straw
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Paper Straw market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Paper Straw market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Focus Technology Co., Ltd., charta global, inc., Lollicup USA, Inc., Huhtamaki Oyj, Soton Daily Necessities Co., Ltd., Bygreen, Hoffmaster Group, Inc., Tipi Straws, ALECO INDUSTRIAL CO., LTD., Fuling Global Inc., Shenzhen Grizzlies Industries Co., LTD, YuTong Eco-Technology (SuQian) Co., Ltd, Transcend Packaging Ltd., Canada Brown Eco Products Ltd, BioPak, Footprint, Ningbo Jiangbei Shenyu Industry and Trade Co., Ltd.
Primary Target Market
- Market Players of Paper Straw
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Paper Straw market based on the below-mentioned segments:
Global Paper Straw Market, By Product
Printed
Non-printed
Global Paper Straw market, By Application
Foodservice
Household
Global Paper Straw Market, By Material
Virgin paper
Recycled paper
Global Paper Straw market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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