Paper Straw Market | Key players operating in the market include Footprint, Hoffmaster Group Inc., Transcend Packaging Ltd., Huhtamaki Oyj, Fuling Global Inc.

The global Paper Straw Market is projected to grow from USD 585 million in 2019 to USD 1,687 million by 2024, recording a CAGR of 23.6% during the forecast period. The rise in demand for paper straws from various end-user industries, such as foodservice, institutional, and household, is driving the growth of the paper straw market across the globe. In addition, factors such as the growing consumer demand for eco-friendly straws and the globally increasing government reforms and campaigns to ban plastic straws are also projected to contribute to the growth of the paper straw market during the forecast period.rs for the sustainable & environment-friendly straws boost the market further.

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A paper straw is a small tube that is made of paper, which allows a user to conveniently consume a beverage. These straws are an alternative to single-use plastic straws and are hygienic, compostable, and eco-friendly, single-use products used extensively in cafes, cars, lounges, quick-service restaurants, roadside eateries, as well as in residential houses and apartments. They provide a disposable and convenient solution for drinking beverages. The latest market trend is inclined toward non-plastic single-use straws, as paper straws are eco-friendly in nature.

Paper straws made of different materials, such as virgin paper and recycled paper, are considered for the scope of the study. On the basis of product type, the market is segmented into printed and non-printed. On the basis of straw length, the paper straw market is divided into 10.5 inches. Paper straws have different diameters; some of them considered in the report study include straws with diameter 0.4 inches. Paper straws are used in various end-use applications, including foodservice, institutional, and household.

 Based on material type, the virgin paper segment in the paper straw market is projected to grow at a higher CAGR during the forecast period, in terms of value as well as volume. The virgin paper segment is the most preferred material for the production of disposable paper straws. The growth of the virgin paper segment in the market is attributed to the increasing use of sustainable and environment-friendly, single-use disposable straws. Due to their strength, reliability, and higher absorbency rate, virgin paper straws are used in numerous industries, such as foodservice, institutional, and household.

Based on straw diameter, the 0.196-0.25 inches segment is projected to dominate the global paper straw market, in terms of both value and volume. Paper straws with a diameter between 0.196 inches and 0.24 inches can be used as stirrers for mixed drinks in shorter mugs or tumblers and are ideal for beverages, such as water, soda, cocktails, milk, mocktail, iced tea, and many more.

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Based on end-use application, the foodservice segment is projected to lead the global paper straw market, in terms of both value and volume. The foodservice industry is a major consumer of paper straws, and the rise in the number of food outlets is projected to drive the growth of the foodservice industry significantly. This, in turn, will lead to an increase in the use of biodegradable disposable straws in these industries, which is projected to drive the growth of the global paper straw market. The paper straw market is projected to witness a significant rise in demand from the foodservice industry in the near future, due to the increasing awareness pertaining to sustainability and surge in the number of bans on single-use plastic products.

The paper straw market is studied for five regions, namely, North America, Asia Pacific, Europe, the Middle East & Africa, and South America. In terms of value, the Asia Pacific region is projected to lead the paper straw market during the forecast period. The increasing demand for sustainable single-use disposable products & solutions and the increasing demand for paper straws across the region are factors that are projected to drive the growth of the paper straw market in the region. The rising population of the region, the high disposable income of the people, and demand for foodservice chains are factors that are driving the growth of single-use plastic waste, further leading to the increasing demand for paper straws in this region.

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Companies such as Footprint (US), Hoffmaster Group, Inc. (US), Transcend Packaging Ltd. (UK), Huhtamaki Oyj (Finland), Fuling Global Inc. (China), Canada Brown Eco Products Ltd (China), Bygreen (Australia), Soton Daily Necessities Co., Ltd. (China), YuTong Eco-Technology (SuQian) Co., Ltd (China), Royal Paper Industries (Canada), and Biopac (UK) Ltd (UK) are the key players operating in the paper straw market. Expansions, contracts, new product developments, and acquisitions are some of the major strategies adopted by these key players to enhance their positions in the paper straw market.

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