Paper Straw Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Paper Straw by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Paper Straw, The paper straw market size has grown rapidly in recent years. It will grow from $1.61 billion in 2023 to $1.84 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%.  The growth in the historic period can be attributed to environmental concerns, regulatory measures, consumer preferences, corporate initiatives, media influence.

The paper straw market size is expected to see rapid growth in the next few years. It will grow to $3.01 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%.  The growth in the forecast period can be attributed to global anti-plastic movement, expanding end-use industries, rising consumer awareness, economic factors, corporate sustainability goals. Major trends in the forecast period include growing environmental awareness, government regulations, shift in consumer preferences, innovation and product development, corporate sustainability initiatives.

Governmental initiatives to eliminate the use of plastic are expected to propel the growth of the paper straw market going forward. Governmental initiatives to eliminate the use of plastic refer to actions or programs implemented by governing bodies at the national and international levels to stop the consumption of plastic and address the environmental issues associated with plastic use. Government attempts to minimize the use of plastic straws have generated demand for paper straws, aided in reducing plastic straw use, and enabled a positive environmental impact. For instance, in September 2022, the European Commission, a Belgium-based governing body, enforced the ‘Single-Use Plastics Directive’. According to the regulation, 77% of plastic bottles should be collected individually by 2025, increasing to 90% by 2029. In addition, by 2025, PET beverage bottles should contain 25% recycled plastic, by 2030, all plastic beverage bottles should have 30% recycled plastic. Therefore, governmental initiatives to eliminate the use of plastic are driving the growth of the paper straw market going forward.

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The paper straw market covered in this report 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

Top Major Players:

• Charta Global Inc.
• Canada Brown Eco Products Ltd.
• Huhtamaki Oyj
• Hoffmaster Group Inc.
• Transcend Packaging Ltd.

Europe was the largest region in the paper straw market in 2023.

Technological advancements are a key trend gaining popularity in the paper straw market. Companies operating in the paper straw market are adopting new technologies to sustain their position in the market. For instance, in September 2021, HB Fuller Company India, a US-based adhesives manufacturing company, launched Swift tak, a new adhesive for paper straw developed using water-based technology that enables improved food-safe solutions and maintains straw integrity. With the help of water-based technology, the new adhesive solution provides three hours of resistance in various liquids such as milk, soft drinks, juices, and water. The brand-new Swift tak PS5600-I is certainly at the cutting edge of innovation because to its lack of plasticizers, higher operational efficiencies, and more than three hours of liquid resistance.

The paper straw market report table of contents includes:
1. Executive Summary
2. Paper Straw Market Characteristics
3. Global Paper Straw Market Trends And Strategies
4. Paper Straw Market – Macro Economic Scenario
5. Global Paper Straw Market Size and Growth
…….
26.  Paper Straw Market Competitive Benchmarking
27. Global Paper Straw Market Competitive Dashboard
28. Key Mergers and Acquisitions Paper Straw Market
29. Paper Straw Market Future Outlook and Potential Analysis
30. Appendix

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