Paper Straw Market Report and Forecast 2023-2028

According to the report the global paper straw market reached a value of approximately USD 1.67 billion in 2022. Aided by the escalating demand for environmentally friendly alternatives to plastic straws and the expanding applications of paper straws in various sectors, the market is projected to further grow at a CAGR of 15.75% between 2023 and 2028 to reach a value of USD 3.64 billion by 2028.

Paper straws, made from paper or paperboard, serve as a sustainable alternative to traditional plastic straws. These biodegradable, compostable straws contribute to waste reduction and environmental conservation, gaining favour amid the intensifying push for eco-friendly products. Apart from their ecological benefits, paper straws offer customisation options in terms of length, diameter, colour, and print, enhancing their appeal to businesses and consumers alike.

The rising consumer preference for environmentally friendly products is a primary driver of the global paper straw market growth. With increasing awareness about plastic pollution and its harmful effects on the environment, there is a marked shift towards eco-friendly substitutes, thus elevating the demand for paper straws. Governments worldwide are imposing bans on single-use plastic items, including straws, which is a significant factor propelling the market.

The extensive applications of paper straws across various sectors also contribute substantially to the paper straw market expansion. In the food and beverage industry, paper straws are used in restaurants, cafes, juice bars, and other establishments, providing consumers with a sustainable choice. Event organisers are increasingly opting for paper straws as part of their commitment to sustainable practices. Moreover, these straws find use in the packaging industry, specifically in tetra packs and boxed beverages, replacing plastic straws.

Technological advancements have also facilitated the paper straw market development. Modern machinery has enabled the mass production of paper straws with improved durability and functionality. Innovations such as water-resistant and food-safe coatings have enhanced the overall user experience by preventing the straws from becoming soggy or disintegrating during use.

The trend towards sustainable packaging solutions in the food and beverage industry has further boosted the paper straw market demand. Brands are actively seeking ways to reduce their environmental footprint, and adopting paper straws in product packaging serves as a visible and effective measure towards this goal. This trend is particularly evident in the fast-food sector, where many global chains have committed to replacing plastic straws with paper ones, thus aiding the paper straw market growth.

Market Segmentation

The market can be divided based on material, product, end-user, and region.

Market Breakup by Material

• Virgin Paper
• Recycled Paper

Market Breakup by Product

• Printed
• Non-Printed

Market Breakup by End-User

• Foodservice
• Household
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global paper straw companies. Some of the major key players explored in the report are as follows:

• BioPak Pty Ltd
• The Green Life Warehouse Pty Ltd (BYGREEN)
• Canada Brown Eco Products Ltd
• Charta Global Inc.
• Fuling Technology Co., Ltd.
• Hoffmaster Group, Inc.
• Huhtamäki Oyj
• Transcend Packaging Ltd.
• Lollicup USA, Inc.
• Shenzhen Grizzlies Industries Co., LTD.
• Others

About the Publisher

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.

*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.