Paper Straw Market Analysis | 2023-2028

Market Insights

The paper straw market was estimated at USD 1103.52 million in 2022 and is likely to grow at a CAGR of 22.25% during 2023-2028 to reach USD 3752.21 million in 2028.

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Market Dynamics

Introduction

Paper straw is an environmentally friendly alternative to the traditional plastic straw. It is made entirely or primarily from paper, making it biodegradable and compostable. The concept behind paper straws is to reduce plastic waste and its harmful impact on the environment.

Plastic straws, which are commonly used in restaurants, cafes, and fast-food chains, contribute to pollution and harm marine life when they end up in oceans and waterways. They take hundreds of years to decompose and can break down into smaller microplastics, which can be ingested by marine animals and eventually make their way into the human food chain

Market Drivers 

Environmental Concerns: Growing awareness towards a plastic-free environment due to its adverse effects, particularly on oceans and marine life, has led to a surge in consumer and business consciousness about adopting more sustainable alternatives like paper straws.

Governmental Regulations and Incentive Scheme: Many countries have implemented bans or restrictions on single-use plastics, including plastic straws, and are also offering incentives to adopt eco-friendly practices, such as using paper straws.

Increased consciousness among various Industries: As part of their CSR programs, various industries are emphasizing sustainability and environmental responsibility heavily. 

Media-based awareness-raising: The media has always played a vital role in raising awareness about environmental issues caused by plastics, including the harmful effects of plastic straws. 

Advancement in technology: Improved paper straw manufacturing technology has made paper straws durable, biodegradable, and suitable for various beverages.

Segment Analysis

By Material Type

"Virgin paper segment held the larger share of the market in 2022"

The market is segmented as virgin paper and recycled paper. The virgin paper segment held the larger share of the market in 2022 and is expected to remain dominant during the forecast period. Straws made with virgin paper are reliable, strong, have higher absorbency rates, and are of better quality and more effective, which decreases wastage, as consumers do not have to use more than one straw for a single use.

By Product Type

"Non-printed segment is expected to remain dominant as well as the faster-growing segment during the forecast period"

The market is segmented as printed and non-printed. The non-printed segment is expected to remain dominant as well as the faster-growing segment during the forecast period owing to the harmful effects of printed straws, as it leaves some effluents of ink and dye in the consumables, which is the major reason for the increasing demand for non-printed straws.

By Straw Length Type

"7.75-8.5 inches segment is expected to remain dominant in the market during the forecast period"

The market is segmented as <5.75 inches, 5.75-7.75 inches, 7.75-8.5 inches, 8.5-10.5 inches, and >10.5 inches. The 7.75-8.5 inches segment is expected to remain dominant in the market during the forecast period. 7.75 inches is the most preferred and standard length of straws which is used in most applications. The ideal length for regular glasses and cups used for soda, cocktails, smoothies, iced tea, milkshakes, and bubble tea is around 7 inches.

By Application Type

"Food service segment leads the market during the forecast period"

The paper straw market is segmented into food services, hotels, institutions, and households. The food service segment leads the market owing to avoidance or ban of the use of plastic straws and other single-use disposable items, which is contributing to the adoption of eco-friendly alternatives for single-use disposable products.

Regional Analysis

"Europe is estimated to be the fastest growing paper straw market during the forecast period"

Europe is estimated to be the fastest growing paper straw market during the forecast period, with Germany and the UK being the major countries owing to, the huge usage of straws in the foodservice industry in European countries. The paper straw market is mainly driven due to stringent regulations regarding the ban on single-use plastic disposals and to decrease the impact of plastics on the environment.

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Key Players

The following are the key players in the paper straw market (arranged alphabetically)

• Biopak
• Bygreen
• Canada Brown Eco Products Ltd
• Charta Global
• Footprint
• Fuling Global Inc.
• Hoffmaster Group, Inc.
• Huhtamaki OYJ
• Royal Paper Industries
• Transcend Packaging Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s paper straw market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The paper straw market is segmented into the following categories. 

By Material Type

• Virgin Paper 
• Recycled Paper 

By Product Type

• Printed
• Non-Printed 

By Straw Length Type

• <5.75 Inches 
• 5.75-7.75 Inches 
• 7.75-8.5 Inches 
• 8.5-10.5 Inches 
• >10.5 Inches 

By Straw Diameter Type

• <0. 15 Inches 
• 0.15 - 0.196 Inches
• 0.196 - 0.25 Inches 
• 0.25 - 0.4 Inches 
• >0.4 Inches 

By Application Type

• Foodservice 
• Hotels 
• Institutional 
• Household 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.