Paper Straw Market size to reach USD 8 Billion by 2030 | MRFR

The paper straw market was valued at USD 1.35 billion in 2021. Over the forecast period from 2022 to 2030, the industry is expected to grow from USD 1.54 billion in 2022 to USD 3.80 billion by 2030, showcasing a compound annual growth rate (CAGR) of 13.80%.

The paper straw market is experiencing a surge in demand as environmental concerns drive a shift away from plastic options. Paper straws are emerging as a sustainable alternative, appealing to both environmentally conscious consumers and businesses. With a growing awareness of the detrimental impact of plastic pollution, there's an increasing preference for eco-friendly choices like paper straws. These straws are crafted from biodegradable materials, ensuring they break down naturally without harming the environment. Consequently, manufacturers are scaling up production to meet the heightened need for paper straws across various sectors, including food and beverage, hospitality, and retail.Given their eco-friendly attributes and the growing consumer inclination towards sustainable alternatives, the paper straw market is poised for significant expansion in the foreseeable future.

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Key Companies in the Sleeping Pillow market include

Huhtamäki Oyj
Hoffmaster Group Inc.
Biopac Ltd
ECOPRO2
The Paper Straw Co., among others
Paper Straw Market Segmentation

Paper Straw Type Outlook

Flexible
Non-Flexible
Paper Straw End-Use Outlook

Household
Commercial

Paper straws, which are totally constructed of paper or other biodegradable materials, are eco-friendly alternatives to plastic straws. They are intended to reduce plastic waste and the environmental effect of single-use plastic straws. Paper straws are commonly utilized in a variety of industries, such as restaurants, cafes, fast-food chains, and bars, as well as at events and in homes.

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Paper Straw Industry Developments

October 2019:

Bio Straw Ltd. (UK) has been acquired by Transcend Packaging (UK). Transcend Packaging will receive all manufacturing assets currently owned by Bio Straw (UK). This tactical move will also increase the product's consumer base and strengthen straw manufacturing and marketing capacities.

April 2022:

The first U-shaped paper straw manufacturing line in India has been announced by UFlex Limited, a flexible packaging material solution, and polymer science company, as part of its initiative to bring about a sustainable shift. The production line was set up at the company's Sanand, Gujarat, aseptic liquid packaging facility.

July 2022:

The official launch of its U-shape paper straw solutions for the Indian market was announced by Lamipak, one of the leading providers of aseptic packaging products and services. By the third quarter of this year, Lamipak hopes to expand its capacity in Indonesia, where it currently operates a production line for U-shaped paper straw. When both paper straw production lines are fully operational, they will each produce 200 million straw each month, with an additional 100 million per month added in 2023.

Key Questions Answered in the Paper Straw Report:

What will be the market value of the global paper straw market by 2030?

What is the market size of the global paper straw market?

What are the market drivers of the global paper straw market?

What are the key trends in the global paper straw market?

Which is the leading region in the global paper straw market?

What are the major companies operating in the global paper straw market?

What are the market shares by key segments in the global paper straw market?

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