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Paper Straw Market | (CAGR) of 13.3% | Size, Growth, Top Key Player, Key Segments, Current Trends and Future Prospect to 2031

11-20-2023 09:11 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Ocean

Paper Straw Market | (CAGR) of 13.3% | Size, Growth, Top Key

The global paper straw market revenue was around US$ 865.3 million in 2021 and is estimated to reach US$ 3016.2 million by 2031, growing at a compound annual growth rate (CAGR) of 13.3% during the forecast period from 2022 to 2031.

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Paper straw is a small, flexible tube used to suck liquid into the mouth that is made of waterproof paper. Several thin paper reels are passed through a glue bath during the production of paper straws. Then, a lengthy paper cylinder is formed by winding together these tacky reels. After being trimmed to size, the lengthy cylinder tubes are subsequently packaged and transported.

Factors Influencing Market Growth

Government initiatives to end the use of plastic and severe regulatory restrictions on the production of utensils from conventional plastic items. Thus, these factors are anticipated to drive the market growth.

The majority of producers in sectors including packaging, textiles, and agriculture are turning to bio-based products for the production of straws to boost market growth.

Strict government rules and the installation of equipment needed to manufacture paper straws may hamper the market expansion.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the market. Due to the government enacted a lockdown, manufacturing operations were suspended or limited. This resulted in a decrease in the production of various pieces of equipment required to make paper straws as well as decreased their demand in the market. On the other hand, businesses are progressively returning to their normal levels of production and services. It is anticipated that this will result in businesses restarting at full capacity, which will assist the share to recover by the end of 2021.

Regional Insights

Europe dominated the market in terms of the highest shares and is predicted to expand in the projection period. The use of drinking straws in the food service sector has increased in this region due to the strict limits on single-use plastic products. Furthermore, the majority of manufacturers in industries including textiles, packaging, and agriculture are using bio-based products to generate straws, which boosts the market expansion in the region.

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Leading Competitors
The leading competitors in the global paper straw market are:
Charta Global
BioPak
Fuling Global Inc
Shenzhen Grizzlies Industries Co. Ltd
Aleco Industrial Co. Ltd
Yutong Eco-Technology Suqian Co. Ltd
Huhtamaki Oyj
Hoffmaster Group
Ningbo Jiangbei Shenyu Industry and Trade Co. Ltd
Soton Daily Necessities Co. Ltd
Focus Technology Co. Ltd
Lollicup USA
Transcend Packaging Ltd
Footprint
Tipi Straws
Bygreen
Canada Brown Eco Products Ltd
Others
Segmentation Analysis
The global paper straw market segmentation focuses on Product, Material, Application, and Region.
Segmentation based on Product
Printed
Non-printed
Segmentation based on Material
Virgin paper
Recycled paper
Segmentation based on Application
Foodservice
Household

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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Table of Content

Chapter 1: Global Paper Straw Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Paper Straw market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Paper Straw Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Paper Straw market Size Forecast (2023-2031).

Continue….

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Paper Straw market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Paper Straw market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Paper Straw market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Paper Straw business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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About Report Ocean:

Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today's competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.

Contact Information:

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Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States

Telephone: +1 888 212 3539 (US - Toll-Free)

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