Paper Straw Market Share & Size Analysis, Growth, Trends, Report, 2024-2032

The global paper straw market size was valued at USD 1.51 billion in 2023. The market is set to grow from USD 1.58 billion in 2024 to USD 2.69 billion by 2032, exhibiting a CAGR of 6.86% over the forecast period. The rise can be credited to the surging product demand on account of government ban on single-use plastics.

This information is provided by Fortune Business Insights™ in its research report, titled "Paper Straw Market, 2024-2032".

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/paper-straw-market-107149

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐚𝐩𝐞𝐫 𝐒𝐭𝐫𝐚𝐰 𝗠𝗮𝗿𝗸𝗲𝘁 𝐑𝐞𝐩𝐨𝐫𝐭:
‣ Able Art Limited (Hong Kong)
‣ Genesis Display GmbH (Germany)
‣ Best Mannequin BV (Belgium)
‣ 3S Mannequin Inc. (India)
‣ IDW Display (Lithuania)
‣ EUVEKA (France)
‣ Abstract Mannequin (India)
‣ Hans Boodt Mannequin (Netherlands)
‣ Global Mannequin (India)
‣ BONAVERI (Italy)
‣ Las Vegas Mannequin (U.S.)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐏𝐚𝐩𝐞𝐫 𝐒𝐭𝐫𝐚𝐰 𝗠𝗮𝗿𝗸𝗲𝘁
Virgin Paper Segment Share to Surge Owing to Growing Demand for High Quality Straws

On the basis of material, the market for paper straw is segmented into recycled paper and virgin paper. The virgin paper segment is expected to record appreciable growth over the forecast period. The expansion can be credited to the increase in technological advancements in the process of producing virgin fiber.

Printed Paper Segment to Register Commendable Growth Due to Customizability

Based on product, the market is fragmented into non-printed and printed. The printed segment is estimated to register a substantial surge throughout the projected period. The surge can be attributed to the increasing product adoption in foodservice outlets.

Foodservice Segment to Gain Traction Owing to Surging Product Demand

Based on application, the market is fragmented into household and foodservice. Of these, the foodservice segment is slated to depict commendable expansion over the study period. The escalation can be credited to increasing technological advancements in food delivery.

Based on geography, the market has been analyzed across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/paper-straw-market-107149

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report includes:
‣ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
‣ Comprehensive insights into regional developments.
‣ List of major industry players.
‣ Key strategies adopted by the market players.
‣ Recent industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
Market Share Affected Due to Ban on Single-use Plastic Products

The paper straw market growth can be attributed to increasing government regulations and policies to ban single-use plastic products. This is on account of increasing product demand and the growing number of applications in the foodservice sector.

However, the industry expansion is likely to be hampered owing to the negative impact on the manufacturing process and quality.

𝗕𝗿𝗼𝘄𝘀𝗲 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝘂𝗺𝗺𝗮𝗿𝘆:
https://www.fortunebusinessinsights.com/paper-straw-market-107149

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
North America to Emerge as Leading Region Owing to Strict Regulations on Single-use Plastics

The North America paper straw market share is expected to record considerable expansion over the forecast period. The surge can be attributed to the higher usage of drinking straws in the food service industry and strict regulations on single-use plastics.

The Europe market is slated to register notable growth throughout the study period. Some of the largest straw-consuming countries in the region include Italy, France, and Germany.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
Leading Companies Develop New Products to Propel Business Expansion

Major paper straw companies are focused on the adoption of various strategic initiatives such as acquisitions, the formation of alliances, mergers, and others. Many companies are also entering into collaborations and partnership agreements for strengthening their position in the market. Additional initiatives include increase in research activities.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Sippy Cup Market
https://www.fortunebusinessinsights.com/sippy-cup-market-106265

Paper Products Market
https://www.fortunebusinessinsights.com/paper-products-market-106150

Tissue Paper Market
https://www.fortunebusinessinsights.com/tissue-paper-market-102847

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
May 2022 - SIG India announced the launch of its wide range of recyclable paper straws in various dimensions, shapes, and utilities. The launch is focused on catering to the growing demand in India owing to the rising number of food chains, restaurants, and other food services.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
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This release was published on openPR.