Paper Straw Global Market Is Expected To Grow At A Rate Of More Than 13% Through 2023 – 2027
6 Jun, 2023
The global paper straw market size is expected to grow from $1.41 billion in 2022 to $1.61 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global paper straw market size is expected to reach $2.67 billion in 2027 at a CAGR of 13.5%.
Global Paper Straw Market Key Driver
Government initiatives to reduce the usage of plastic are projected to drive the growth of the paper straw industry in the future. Governmental initiatives to eradicate the use of plastic refer to measures or programmes done by governing authorities at the national and worldwide levels to reduce plastic consumption and solve the environmental challenges related with plastic use. Government efforts to reduce the use of plastic straws have increased demand for paper straws, aided in the reduction of plastic straw use, and enabled a positive environmental impact.
Get a sample of the global paper straw market reportGlobal Paper Straw Market Segments
The global paper straw market is segmented:
1) By Product: Printed, Non-printed
2) By Material: Virgin paper, Recycled paper
3) By Length: <5.75 inches, 5.75-7.75 inches, 7.75-8.5 inches, 8.5-10.5 inches, >10.5 inches
4) By Sales Channel: Manufacturers, Distributers, Retailers, E-Retail
5) By End-user: Foodservice, Institutional, Household
6) By Geography: The regions covered in the paper straw market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Europe accounts for the largest share in the global paper straw market.
Major Paper Straw Industry Players
Footprint Paper Straw, Charta Global Inc., Canada Brown Eco Products Ltd., Huhtamaki Oyj, Hoffmaster Group Inc., Transcend Packaging Ltd., BioPak, Bygreen Paperpack, Fuling Global Inc., Lollicup USA Inc., Yutong Eco-Technology (Suqian) Co. Ltd., Tipi Straws, Ningbo Jiangbei Shenyu Industry and Trade Co. Ltd., Tetra Pak Ltd., Hello Straw Ltd.
Get the full global paper straw market reportPaper Straw Market Overview
Paper straws refer to a type of eco-friendly drinking straw made from paper materials, typically paperboard or paper pulp. These paper straws are biodegradable, compostable, and more environmentally friendly than plastic straws, as they degrade faster in natural conditions.
Paper Straw Global Market Report 2023 provides data on the global paper straw market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The paper straw market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.