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Paper Straws Market worth $3,672.99 million by 2030, growing at a CAGR of 21.02% - Exclusive Report by 360iResearch
Paper Straws Market | 360iResearch
The Global Paper Straws Market to grow from USD 965.72 million in 2023 to USD 3,672.99 million by 2030, at a CAGR of 21.02%.
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Paper straws are made from biodegradable materials such as cellulose-derived paper, which decomposes naturally over time. Paper straws are primarily applied in the food service industry, particularly in restaurants, cafés, bars, and fast-food chains that serve beverages requiring single-use disposable drinking straws. These eco-friendly straws are also used for events such as corporate parties or weddings and sold in retail stores for household consumption. The heightened environmental awareness among the people, government regulations to reduce plastic waste, and consumer shifts toward sustainable alternatives are significantly increasing the demand for paper straws. However, challenges, including higher production costs and limited durability compared to traditional plastic options, can hinder adoption. Additionally, the lack of standardized regulations leads to inconsistencies in product quality and environmental impact. Furthermore, advancements and collaboration with authorities to establish industry standards can offer significant growth opportunities for the paper straw market.
The global paper straw market is significantly impacted by consumer preferences and buying behaviors across various regions, including Asia Pacific, the Americas, Europe, the Middle East, and Africa. In America, particularly in the United States and Canada, heightened consumer awareness about the detrimental effects of single-use plastics has led to a surge in adopting eco-friendly products, including paper straws. Consequently, companies are investing in innovative paper straw designs that balance functionality with environmental standards. The European Union (EU) has proactively addressed single-use plastics by implementing aggressive regulations. In 2019, the EU enacted a directive prohibiting various single-use plastic items from 2021. This move resulted in a significant increase in demand for paper straws and manufacturing capabilities across EU countries. The Middle East and Africa region is witnessing increased demand for eco-friendly alternatives due to increased consumer environmental awareness. Countries, including the United Arab Emirates, have begun implementing policies against single-use plastics. Moreover, India, China, and Japan's comprehensive ban on single-use plastics affected major industries, boosted demand for sustainable alternatives such as paper straws, and spurred investments within this sector.
Market Segmentation & Coverage:
This research report categorizes the Paper Straws Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Kraft Paper and Recycled Paper. The Kraft Paper is projected to witness significant market share during forecast period.
Based on Product, market is studied across Non-Printed and Printed. The Non-Printed is projected to witness significant market share during forecast period.
Based on Length, market is studied across 10-15cm, 16-20cm, 20cm. The 10-15cm is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Food Service, Household, and Institutional. The Food Service is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Paper Straws Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Paper Straws Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Paper Straws Market, highlighting leading vendors and their innovative profiles. These include Aardvark Straws, Aleco Industrial Co., Ltd., BioPak Pty Ltd, Bygreen, Canada Brown Eco Products Ltd., Charta Global, Dong Dao China Direct Im-Export B.V., Footprint LLC, FULING PLASTIC USA, INC, GP Alliance Sdn Bhd, Hello Straw, Henkel AG & Co. KGaA, Hoffmaster Group, Inc., Huhtamäki Oyj, Körber AG, Lollicup USA, Inc., Paper Tech Germany GmbH, PIOFLEX GmbH, Sharp Serviettes, Soton Daily Necessities Co., Ltd., Straw Express LLP, Transcend Packaging Ltd., Vegware Limited, Wilbistraw, and YuTong Eco-Technology (SuQian) Co., Ltd.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Paper Straws Market, by Material
7. Paper Straws Market, by Product
8. Paper Straws Market, by Length
9. Paper Straws Market, by Distribution Channel
10. Paper Straws Market, by End-User
11. Americas Paper Straws Market
12. Asia-Pacific Paper Straws Market
13. Europe, Middle East & Africa Paper Straws Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Paper Straws Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Paper Straws Market?
3. What is the competitive strategic window for opportunities in the Paper Straws Market?
4. What are the technology trends and regulatory frameworks in the Paper Straws Market?
5. What is the market share of the leading vendors in the Paper Straws Market?
6. What modes and strategic moves are considered suitable for entering the Paper Straws Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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