Description
Global Paper Straw Market; By Type (Printed and Non-Printed); By Material Used (Recycled Paper and Virgin Kraft Paper); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Product Overview
Paper straws are straws made of paper and are used for drinking liquids. They can be produced as a straight in a pipe shape or can be given an adjustable angular shape depending on the convenience of the user and kind of liquid which is served. Paper straws are available in different sizes and shapes depending on the density of the drink served. As they are made of paper hence, they are considered environmentally friendly and thus proving to be a potential alternative to plastic straws.
Market Highlights
This report anticipates the Paper Straw market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, this growth is anticipated due to the advent of growing government restrictions on plastic waste thus creating the demand for an alternative. Moreover, in the last couple of years, there has been a tremendous increase and fast development in the beverages and food industries, serving thousands of customers every minute.
Paper Straw Market: Segments
Global market has been segmented on the basis of material, Product type and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By Material Used (in %), global Paper Straw Market, 2019
The Virgin kraft paper segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
Global Paper Straw Market is segmented by material into: recycled paper and virgin kraft paper Straws made from virgin kraft paper are strong, efficient and highly dependable. This segment is anticipated to grow as these straws provide higher absorbency rate and also produce less waste as compared to recycled paper which are weak and unstable. Moreover, people prefer to use a fresh product instead of the one made from recycled paper especially in food industries.
Global Paper Straw Market: Market Dynamics
Drivers
• Emerging food and beverage industry
There has been a tremendous increase and fast development in the beverages and food industries, serving thousands of customers every minute in the last couple of years. This has resulted in a worldwide surge in the application of paper straws. Technological developments have resulted in the advent of online food supply platforms that help the paper straws market expand enormously.
Restraints
• Higher costs
Paper straws are comparatively costlier as compared to plastic straws. This is due to its complex manufacturing process from cutting trees to creating pulp and paper. This adds up to the cost and thus industries with small profit margin tend to use plastic straws as they are available at cheaper rates.
Global Paper Straw Market: Regions
Europe was the largest market accounting for XX% of total market volume share in 2019
European market stands at the apex of the global paper straw market. This growth is attributed to the rising demand of paper straws in the countries like United Kingdom and Germany as there a strong growth of food and beverage industry in this region. In addition, there is a provision for significant impact on economic growth of paper straw market throughout the forecast period because of environmental concerns and government regulations and reforms for prohibiting plastics in Europe.
Moreover, in Asia Pacific the demand of paper straws is also tremendous due to emerging food industry and government ban on certain plastic products in some parts of India and China therefore creating a demand for organic paper straws.
Global Paper Straw Market: Key Players
• Huhtamaki
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Hoffmaster Group, Inc
• Vegware
• OkStraw Paper Straws
• Hello Straw
• Soton Daily Necessity Co.
• Shenzhen Grizzlies Industries Co., Ltd.
• TIPI Straws Co
• Bygreen
• Footprint
• Nippon Paper Group
• Tetra Pak
• Biopak
• Canada Brown Eco Products Ltd.
• Fuling Global Inc.
• Other prominent players
Global Paper Straw market report also contains analysis on:
• Paper Straw Market Segments:
o By Product Type:
Printed
Non-Printed
o By Material Type:
Recycled
Virgin Kraft Paper
• Paper Straw Market Dynamics
• Paper Straw Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
