Global Paper Straw Market Key Players, Size, Trends, Growth Opportunities, Analysis to 2030
Research Reports
Dec 18, 2020
Paper straws are straws made of paper and are used for drinking liquids. They can be produced as a straight in a pipe shape or can be given an adjustable angular shape depending on the convenience of the user and the kind of liquid which is served. Paper straws are available in different sizes and shapes depending on the density of the drink served. As they are made of paper hence, they are considered environmentally friendly and thus proving to be a potential alternative to plastic straws. They are fully biodegradable and can also be recycled after use, unlike plastic straws which take months to degrade.
Fatpos Global anticipates the Paper Straw market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, this growth is anticipated due to the advent of growing government restrictions on plastic waste thus creating the demand for an alternative. Moreover, in the last couple of years, there has been a tremendous increase and fast development in the beverages and food industries, serving thousands of customers every minute. This has resulted in a worldwide surge in the application of paper straws. Technological developments have resulted in the advent of online food supply platforms that help the paper straws market expand enormously.
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Global market has been segmented based on material, product type, and location. It has been further segmented based on region into North America, Europe, Asia-Pacific, Mid East, and Africa.
Straws made from virgin kraft paper are strong, efficient, and highly dependable. This segment is anticipated to grow as these straws provide a higher absorbency rate and also produce less waste as compared to the recycled paper which is weak and unstable. Moreover, people prefer to use a fresh product instead of the one made from recycled paper especially in food industries.
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Global Paper Straw market is segmented by type into Printed and non-printed.
The non printed segment is poised to grow at the highest rate. Non-printed straws were manufactured to ensure that the dye or ink is not digested. These are made of organic and food-grade material. Rising consumer demand and a need for a product that is not toxic fueled the global demand for this segment. However, the printed segment is also gaining traction due to technological advancements and the use of natural inks in the manufacturing process of printed straws thus creating demand for attractive and colorful straws market.
Top market players:
- Huhtamaki
- Hoffmaster Group, Inc
- Vegware
- OkStraw Paper Straws
- Hello Straw
- Soton Daily Necessity Co.
- Shenzhen Grizzlies Industries Co., Ltd.
- TIPI Straws Co
- Green
- Footprint
- Nippon Paper Group
- Tetra Pak
- Biopak
- Canada Brown Eco Products Ltd.
- Fuling Global Inc.
- Other prominent players
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Europe was the largest market accounting for XX% of total market volume share in 2019
The European market stands at the apex of the global paper straw market. This growth is attributed to the rising demand for paper straws in countries like the United Kingdom and Germany as there a strong growth of the food and beverage industry in this region. Also, there is a provision for a significant impact on the economic growth of the paper straw market throughout the forecast period because of environmental concerns and government regulations and reforms for prohibiting plastics in Europe. Moreover, in the Asia Pacific, the demand for paper straws is also tremendous due to the emerging food industry and a government ban on certain plastic products in some parts of India and China, therefore, creating a demand for organic paper straws.
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