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Paper Straw Market 2023 - Growth Factors, Business Developments, Industry Segmentation, Future Technologies And Outlook By 2032
Paper Straw Market
Paper Straw Market Size, Growth Rate, And Forecast
The global paper straw market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Paper Straw Market Drivers
Governmental initiatives to eliminate the use of plastic are expected to propel the growth of the paper straw market going forward. Governmental initiatives to eliminate the use of plastic refer to actions or programs implemented by governing bodies at the national and international levels to stop the consumption of plastic and address the environmental issues associated with plastic use.
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Paper Straw Market Segments
• By Product: Printed, Non-printed
• By Material: Virgin paper, Recycled paper
• By Length: 10.5 inches
• By Sales Channel: Manufacturers, Distributers, Retailers, E-Retail
• By End-user: Foodservice, Institutional, Household
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Paper Straw market.
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Paper Straw Market Key Players
Major competitors in the Paper Straw market include Footprint Paper Straw, Charta Global Inc., Canada Brown Eco Products Ltd., Huhtamaki Oyj, Hoffmaster Group Inc.
The Business Research Company's "Global Paper Straw Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Paper Straw Market Include:
1. Executive Summary
2. Paper Straw Market Characteristics
3. Paper Straw Market Trends And Strategies
4. Paper Straw Market - Macro Economic Scenario
5. Paper Straw Market Size And Growth
.....................
26. Africa Paper Straw Market
27. Paper Straw Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Paper Straw Market
29. Paper Straw Market Future Outlook and Potential Analysis
30. Appendix
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