Value of Paper Straws Market Estimated at US$ 5.2 Billion by 2028, TMR Report

The latest research study released by Transparency Market Research on "𝐏𝐚𝐩𝐞𝐫 𝐒𝐭𝐫𝐚𝐰𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 Forecast to 2022-2028 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Paper Straws industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

Paper Straws market is estimated to attain a valuation of US$ 5.2 Bn by the end of 2028, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 6.8% during the forecast period, 2022-2028

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭-https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=44574

Manufacturers in the packaging industry are focusing on eliminating single-use plastic products from their portfolio. Companies are even replacing the complementary straws given with tetra packs. The paper straws market is estimated to witness significant growth in the upcoming years due to improved production capabilities. Instead of handmade bamboo straws, manufacturers may use manual machines to enhance their production capabilities. Furthermore, customization of bamboo straw semi-automatic machines may improve the overall production capacity of the manufacturers. The rate of manufacturing paper straws is also slow as compared to plastic straws. A typical paper straw machine can manufacture upto 200-300 straws/minute. In order to increase the share in the eco-friendly straw market, manufacturers need to enhance their manufacturing capabilities by using manual or semi-automatic straw machines.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐒𝐭𝐫𝐚𝐰𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global paper straws market as led by North America in 2021. The market in the region is anticipated to grow at a CAGR of 3.2% from 2022 to 2028. The growth of the market in North America can be attributed to the early adoption of paper as a material for sustainable trend.

Recently, the British government stated that it planned to ban the sale of single-use plastics, including straws. The European Union followed suit in late May. In France, the burger giant is testing alternatives. The Hilton hotel giant in May vowed to remove the offenders from its 650 properties.

In India's commercial capital Mumbai, Burger King, McDonald's, and Starbucks were fined for violating a ban on single use plastics, an official said earlier in June. India's Prime Minister has pledged to make his country free of single use plastic by 2022.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐛𝐞𝐟𝐨𝐫𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=44574

𝐒𝐞𝐯𝐞𝐫𝐚𝐥 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐂𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐋𝐮𝐜𝐫𝐚𝐭𝐢𝐯𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

Drinking straws play an important role in helping people enjoy their cold beverages. For instance, Huhtamaki offers the opportunity to switch to using non-plastic straws while serving cold drinks to their customers. Safe and natural paper straws are a sustainable and responsible choice to serve drinks. Their unprinted straws are made of food grade paper holding leading food safety certifications, including FDA, and have been tested and certified for food safety in Europe, China, and the United States. The paper substrate in use is certified for direct food contact by ISEGA in Germany. Their paper straws are crafted to ensure strength, reliability, and functionality with purpose-built European machinery. Consumer are switching to paper straws from Huhtamaki to serve cold beverages with drinking straws with premium product quality and superior performance, that are odor- and taint-free.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐨𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Huhtamäki Oyj., Hoffmaster Group Inc. (Aardvark), Biopac UK Ltd., Vegware Ltd., and U.S. Paper Straw

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 -

This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides revenue forecast data by type and by application segments based on value for the period 2022-2028.

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐀𝐬𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=44574

𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐥𝐞𝐭𝐬 𝐲𝐨𝐮 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐏𝐚𝐩𝐞𝐫 𝐒𝐭𝐫𝐚𝐰𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐦𝐞𝐚𝐧𝐬 𝐨𝐟 𝐚 𝐫𝐞𝐠𝐢𝐨𝐧:

North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐒𝐭𝐫𝐚𝐰𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

In October 2021, in Colombia, the Nestlé Brazil now uses 100% paper straws, covering brands such as Nescau, Nesquik, Ninho, Farinha Láctea. The company eliminated 10 million plastic straws and wrappers. In Malaysia and Indonesia, teams eliminated the use of 70 million plastic straws. Since 2019, over 1,700 tons of plastic have been saved by the plastic straw elimination.

On September 2021, Sun-Rype Products, a Canadian fruit-based food and beverage manufacturer, announced that they have replaced plastic straws with recyclable, bendable paper straws on all beverage boxes in Canada

On 2020, Lassonde has announced that bendable paper straws will replace plastic straws in all boxes of water products. This initiative marks a first-to-market in Canada and provides consumers with 100% recyclable packaging.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐁𝐢𝐨𝐚𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐚𝐥 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2022/7/8/2476577/0/en/Value-of-Bioanalytical-Testing-Services-Market-Estimated-at-US-8-95-Bn-by-2031-TMR-Report.html

𝐄𝐝𝐠𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2022/07/08/2476656/0/en/Edge-Computing-Market-Bolsters-with-Rise-in-Demand-for-Connected-and-Autonomous-Vehicles-Says-TMR-Study.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani

Transparency Market Research Inc.

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