Paper Straw Market Size & Share 2020: Global Industry Insights to 2030
Research Reports
Jan 09, 2021
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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Market size & share analysis
Top market players with sales, revenue, and business strategies analysis
Market growth drivers and restraints
Market opportunities & challenges
Research methodology
Paper Straw Market: Segments
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.
By Material Used (in %), global Paper Straw Market, 2019
The Virgin kraft paper segment is anticipated to register XX% of the volume share and is expected to grow at the highest CAGR.
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Global Paper Straw Market is segmented by material into recycled paper and virgin kraft paper
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.
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.
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Global Paper Straw Market: Market Dynamics
Drivers
Emerging food and beverage industry
There has been a tremendous increase and fast development in the beverages and food industries, serving thousands of customers every minute in the last couple of years. 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.
Ban on plastic products
There has been a ban on certain plastic products in many parts of the world, especially in Asian countries due to strict government regulation. Moreover, growing consumer awareness and a drive towards a green environment have created a demand for a green product that is easily recyclable and can be easily degraded. This gave a boost to the paper straw industry which uses organic and food-grade material for production.
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Restraints
Higher costs
Paper straws are comparatively costlier as compared to plastic straws. This is due to its complex manufacturing process from cutting trees to creating pulp and paper. This adds up to the cost and thus industries with a small profit margin tend to use plastic straws as they are available at cheaper rates.
Not for long use
Most of the paper straws are made from organic material and tend to lose their strength when they come in contact with a liquid for a long period. Therefore, they can only be used for a short period due to the tendency of paper to get dissolved in water for a prolonged time.
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.
About Us:
Fatpos Global stands for “Failures Are The Pillar Of Success”. We are a rapidly-growing global management consulting, advisory and market research services provider that aims to aid businesses with bold decisions that help them embrace change for their sustainable growth. With the help of our experts and industry veterans and their years of expertise across different industry verticals, we aid businesses with solutions that help in their efficient decision making and Developing executable strategies.
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