Market Highlights

The global paper straw market is expected to grow from USD 4.89 billion in 2023 to USD 27.18 billion by 2033 at a CAGR of 18.71%.

The global market is anticipated to witness significant growth during the forecast period owing to minimize the hazardous impact of plastic on the environment. Escalating demand for sustainable and environment-friendly alternatives for plastics in compliance with the stringent regulation set by the government of countries all over the globe can generate great opportunities for the companies in the paper straw market.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the overall market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.

Paper Straw Market: Market Dynamics

Consumption of plastic straws has increased significantly in the past few years, globally. However, rising intolerance towards plastic straws, escalating awareness for biodegradable paper straws, and elevated push from the regulative authorities to ban plastic, is expected to fuel the overall market during the forecast period.
Also, the increasing number of food outlets, inclination towards eco-friendly consumables, which are appealing and easily disposable are attracting consumers which further boosts the growth of the market, globally. Moreover, manufacturers of paper straw industries are providing with best quality paper straws and custom paper straws printed with appealing designs to grab the attention of consumers in the marketplace.
However, the higher price of paper coupled with the high cost of production of such paper straws is the main factors that restrain the growth of the market.

Paper Straw Market: Segmental Analysis

The global paper straw market is classified into material type, product type, straw length, straw diameter, end-user, distribution channel, and region.
Based on the material type, the market is segmented into virgin paper and recycled paper. The virgin paper segment is anticipated to dominate the overall market during the forecast period as virgin papers are reliable, strong, efficient, reduce wastage, and have higher absorbency rates.
Based on the product type, the market is segmented into printed and non-printed. The printed segment is anticipated to grow at a faster rate during the forecast period. However, non- printed paper straw segment is also expected to grow at a significant rate during the forecast period owing to rising awareness to avoid digestion of inks and dyes.

Based on straw length, the market is segmented into <5.75 inches, 5.75-7.75 inches, 7.75-8.5 inches, 8.5-10.5 inches, >10.5 inches.
Based on the end-user, the market is segmented into food service, institutional, and household. The foodservice segment is anticipated for the largest share during the forecast period owing to the increasing adoption of eco-friendly alternatives such as biodegradable paper straws, paper drinking straws, and others for single-use plastic straws.

 

Paper Straw Market: Regional Analysis

Geographically, the market is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa.
North America is anticipated to account highest market share during the forecast period due to an increase in demand for paper straws. Europe is expected to account for the second largest market during the forecast period owing to the high demand for biodegradable and recyclable products.
However, the Asia-Pacific region is anticipated to witness the highest CAGR during the forecast period due to the rise in product awareness and rapid expansion of industries in the food & beverage sector.

Paper Straw Market: Competition Scenario

Key players operating in the global paper straw market are Hoffmaster Group, Inc. (US), Transcend Packaging Ltd. (UK), Huhtamaki Oyj (Finland), Footprint (US), Fuling Global Inc. (China), and Canada Brown Eco Products Ltd (China).

 

Critical Questions Answered in the Report

•    What are the key trends in the market?
•    How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years?
•    What are the key strategies adopted by the major vendors to lead in the market?
•    What is the market share of the top players?

Research Methodology

The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.

Paper Straw Market Scope:

Report Data	Paper Straw Market
Paper Straw Market Forecast Value 2033	27.18Billion
Paper Straw Market CAGR 2023 - 2033	18.71%
Paper Straw Market Forecast Period	2023 - 2033
Paper Straw Market Base Year	2022
Regional Scope	North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled	Hoffmaster Group, Inc. (US), Transcend Packaging Ltd. (UK), Huhtamaki Oyj (Finland), Footprint (US), Fuling Global Inc. (China), and Canada Brown Eco Products Ltd (China)..
Key Segments	By Material Type Virgin paper Recycled Paper By Product Type Printed Non-Printed By Straw Length <5.75 inches 5.75-7.75 inches 7.75-8.5 inches 8.5-10.5 inches >10.5 inches By Straw Diameter By End-user Food Service Institutional Household By Distribution By Region North America Europe Asia-Pacific South America Middle-East & Africa
Report Coverage	Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.