Industry Value Reaches 9.70 Billion USD in Paper Straw Market, Expected CAGR of 18.6% by 2032

Report Overview

Polaris Market Research has recently published its latest report titled Paper Straw Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032. The research study gives an in-depth analysis of the market, assessing all the major aspects businesses need to know. It tracks all the major trends in the industry and their impact on the overall market. Also, it assesses the market dynamics and covers the key demand and price indicators in the industry. Besides, it covers research data of several market key players, gross margin, and benefits through pictorial representations like tables, charts, and graphs.

Paper Straw Market have gained significant attention in recent years due to increasing environmental concerns about plastic pollution. Advances in paper straw manufacturing technology have improved the quality and durability of paper straws, making them more comparable to plastic straws in terms of performance. Manufacturers have developed techniques to enhance the strength and moisture resistance of paper straws, making them suitable for use in a variety of beverages.

Global Paper Straw Market size and share is currently valued at USD 2.10 billion in 2023 and is anticipated to generate an estimated revenue of USD 9.70 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 18.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

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The growing global awareness & apprehension regarding the environmental consequences of plastic waste have generated an increasing demand for the sustainable alternatives. Paper straws, recognized as an eco-friendly option, offer biodegradability and composability. Government regulations & bans on the single-use plastics, including plastic straws, have compelled industries such as food-service, food processing, & hospitality to transition to paper straws to adhere to legislative requirements. This shift in demand has created a substantial market opportunity for manufacturers of paper straws.

The rising demand for sugar-free beverages is anticipated to drive market growth. Recent statistics from the IGD ShopperVista Health reveal that approximately 85% of the consumers in 2022 are prioritizing healthy eating, with a focus on drinking more fluids (25%) or reducing sugar intake (27% of people). To cater to this trend, companies like Dabur & Tetra Laval Pack collaborated in 2020 to introduce a range of low-calorie juices, aligning their product offerings with the increasing consumer preference for healthier beverage options.

The COVID-19 pandemic brought about mixed impacts on the market. The closure of food establishments during lockdowns led to a decrease in the demand for paper straws because of reduced activity in restaurants, cafes, and similar venues. However, the heightened emphasis on hygiene and safety during the pandemic has created a positive influence. The increased focus on single-use items and individually wrapped products, driven by safety concerns, has proven advantageous for paper straws. These straws are often provided in individual packaging, promoting cleanliness, and minimizing the risk of contamination, aligning with the changing consumer preferences during the pandemic.

Some of the major players operating in the global market include:

Hoffmaster Group, Inc.
Huhtamaki Group
BioPak
Novolex
Footprint
Matrix pack
strawland
Jinhua Suyang Plastic Materialion Co., ltd.
Tetra Laval Group
Transcend Packaging

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Growth Drivers

Environmental Concerns: With growing awareness about the detrimental effects of plastic pollution on marine life and ecosystems, consumers and businesses alike are seeking eco-friendly alternatives. Paper straws offer a biodegradable and compostable alternative to plastic straws, making them a popular choice for individuals and businesses looking to reduce their environmental footprint.

Regulatory Restrictions: Many countries and municipalities have implemented bans or restrictions on single-use plastics, including plastic straws. These regulatory measures have compelled businesses to seek alternative options like paper straws to comply with regulations and demonstrate their commitment to sustainability.

Corporate Sustainability Initiatives: Many companies across various industries are adopting sustainability initiatives as part of their corporate social responsibility efforts. Switching to paper straws is often seen as a simple yet impactful step towards reducing plastic waste and demonstrating a commitment to sustainability goals.

Applications

Food and Beverage Industry: The food and beverage industry is one of the primary consumers of paper straws. Restaurants, cafes, bars, and fast-food chains have increasingly adopted paper straws as a substitute for plastic straws to meet consumer demand for sustainable alternatives.

Hospitality Sector: Hotels, resorts, and event venues are also incorporating paper straws into their operations as part of their sustainability initiatives. Paper straws are often provided to guests as an eco-friendly option for enjoying beverages during their stay or at events.

Retail Sector: Retailers and grocery stores are stocking paper straws to meet consumer demand for eco-friendly products. Paper straws are available for purchase in retail stores, both individually packaged and in bulk quantities, catering to consumers who prefer to use them at home.

Paper Straw Market Report Highlights

Virgin paper held the largest share, as it offers superior strength and higher durability compared to the recycled paper
Less-than 0.15 inches will grow at the rapid pace, as there is growing awareness among on the use of paper straws
North America dominated the market, owing to stringent government rules and ban on plastic use
The global players include Hoffmaster Group, Huhtamaki, BioPak, Novolex, Footprint, Matrix pack, Strawland, Tetra Laval, Transcend Packaging

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Polaris Market Research has segmented the paper straw market report based on material, product type, straw length, diameter, sales channel, end use, and region:

Paper Straw, Material Outlook (Revenue - USD Billion, 2019 - 2032)
Virgin Paper
Recycled Paper

Paper Straw, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
Non-printed
Printed

Paper Straw, Straw Length Outlook (Revenue - USD Billion, 2019 - 2032)
Less-than5.75 inches
5.75-7.75 Inches
7.75-8.5 Inches
8.5-10.5 Inches
Greater-than 10.5 Inches

Paper Straw, Diameter Outlook (Revenue - USD Billion, 2019 - 2032)
Less-than0.15 Inches
0.15 - 0.196 Inches
0.196 - 0.25 Inches
0.25 - 0.4 Inches
Greater-than 0.4 Inches

Paper Straw, Sales Channel Outlook (Revenue - USD Billion, 2019 - 2032)
B2B
B2C

Paper Straw, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
Foodservice
Institutional
Household
Food Processing Industry

Paper Straw, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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