Press release
Surge in Demand Propelling Paper Straw Market towards an Estimated Value of $3.46 Billion by 2029 with a CAGR of 13.4%
Paper Straw Market Size
What Is The Projected Market Size Of The Global Paper Straw Market And Its Growth Rate?
The market size has seen a remarkable growth in recent years with:
• Market value of $1.83 billion in 2024 surging to $2.09 billion in 2025 at a CAGR of 14.5%, attributed to environmental concerns, regulatory measures, consumer preferences, corporate initiatives, and media influence.
• Projected rise to $3.46 billion in 2029 at a CAGR of 13.4%, stimulated by global anti-plastic movement, expanding end-use industries, increasing consumer awareness, economic factors, and corporate sustainability goals.
What Is Driving The Growth In The Paper Straw Market?
The growth of the paper straw market is bolstered by governmental initiatives to reduce the consumption of plastic. Actions by governing bodies at national and international levels to address environmental issues associated with plastic use have spurred the demand for paper straws, leading to a reduction in plastic straw use, and a positive environmental impact. For instance, the 'Single-Use Plastics Directive' enforced by the European Commission in September 2022 dictates that by 2025, 77% of plastic bottles should be collected individually, increasing to 90% by 2029. Further, by 2025, PET beverage bottles should contain 25% recycled plastic, and by 2030, all plastic beverage bottles should contain 30% recycled plastic. This shift is a significant driver propeling the growth of the paper straw market.
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Who Are the Key Players Driving Paper Straw Market Growth?
The leading companies operating in the Paper Straw market include:
• Charta Global Inc.
• Canada Brown Eco Products Ltd.
• Huhtamaki Oyj
• Hoffmaster Group Inc.
• Transcend Packaging Ltd.
• BioPak UK Ltd.
• Bygreen Paperpack
• Fuling Global Inc.
• Yutong Eco-Technology (Suqian) Co. Ltd.
• Tipi Straws
• Ningbo Jiangbei Shenyu Industry and Trade Co. Ltd.
• Tetra Pak Ltd.
• Hello Straw Ltd.
• UFlex Limited
• Soton Daily Necessities Co. Ltd.
• Nippon Paper Industries Co. Ltd.
• Footprint LLC
• Duni Group
• Lollicup USA Inc.
• IPI SRL
• Aardvark Straws
• The Paper Straw company
• The Blue Straw
• Eco Guardian Inc.
What Are The Key Trends In The Paper Straw Market?
The key trends driving the market growth include:
• Growing environmental awareness
• Increasing government regulations
• Shift in consumer preferences
• Innovative product development
• Corporate sustainability initiatives
What Are The Segments Of The Global Paper Straw Market?
The global Paper Straw Market is segmented based on:
1) Product: Printed, Non-printed
2) Material: Virgin paper, Recycled paper
3) Length: 10.5 inches
4) Sales Channel: Manufacturers, Distributors, Retailers, E-Retail
5) End-User: Foodservice, Institutional, Household
Which Region Leads The Paper Straw Market?
In 2024, Europe was the largest region in the paper straw market. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Paper Straw Market Global Market Report?
- Market Size Analysis: Analyze the Paper Straw Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Paper Straw Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Paper Straw Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Paper Straw Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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