Paper Straw - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Paper Straw Market accounted for $1,161.53 million in 2018 and is expected to reach $4,150.51 million by 2027 growing at a CAGR of 15.2% during the forecast period. Increasing awareness regarding the use of plastic products, growing demand for sustainable materials for food packaging industries, and enhanced features of paper straws are the factors driving the market growth. However, high cost of paper straws when compared with plastic straws may hinder the market growth.
A paper straw is a small pipe made of paper material that allows its user to consume a beverage more conveniently. Paper straws are a great alternative to the plastic straws. These are made of biodegradable environmental materials and food safe ink and are much better for the environment and can be recycled.
By Material, Virgin Paper segment is likely to have a huge demand during the forecast period as straws made from virgin paper are strong, consistent, and have superior absorbency rates. These also trim down wastage as consumers need not use several straws for a one particular use. Based on geography, Europe is going to have a lucrative growth during the forecast period owing to the greater demand for paper straws in countries such as Germany and UK. They are mostly used in the European foodservice industry. In addition, the strong pressure of environmental and governmental regulations to prohibit plastics in the region is projected to drive the growth of the paper straw market.
Some of the key players profiled in the Paper Straw Market include Huhtamaki OYJ, Biopak, Royal Paper Industries, Footprint, Hoffmaster Group Inc, Soton Daily Necessities Co Ltd Y.W., Aleco Industrial Co Ltd, Canada Brown Eco Products Ltd, Fuling Global Inc, Bygreen, Yutong Eco-Technology (Suqian) Co Ltd, Charta Global, Transcend Packaging Ltd, Ningbo Jiangbei Shenyu Industry and Trade Co Ltd, and Wuxi Jiejing Packing Co Ltd.
• Recycled Paper
• Virgin Paper
Straw Lengths Covered:
• >10.5 Inches
• 8.5-10.5 Inches
• 7.75-8.5 Inches
• 5.75-7.75 Inches
• <5.75 Inches
Sales Channels Covered:
Straw Diameters Covered:
• >0.4 Inches
• 0.25 - 0.4 Inches
• 0.196 - 0.25 Inches
• 0.15 - 0.196 Inches
• <0. 15 Inches
End Users Covered:
• Food Service
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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