Paper Straws Market Share, Growth, Trends, and Forecast Report 2021 to 2027

According to latest market report titled “Paper Straws Market: Global Industry Analysis, Size, Share, Growth, Trends, Historical Analysis 2017-2020 and Forecast 2021-2027,” the growing demand for paper straws in the food service end-use industry to bolster the growth of the global paper straws market during the forecast period.

The paper straws market revenue has been estimated to be over US$ 1.6 Bn in 2019 and is expected to increase at a CAGR of 13.9% in terms of value throughout the forecast period 2020 to 2027.

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Paper Straws – Market Dynamics

Plastic straw consumption in the world was increasing by leaps and bounds before the last 2-3 years. However, rising intolerance towards plastic straws, growing consumer demand for eco-friendly straws, and globally increasing government reforms and campaigns to ban plastic straws are likely to offer a positive outlook for the paper straws market. On-the-go consumers demand more than convenience from their products. They are increasingly aware of their choices and are picking more sustainable options.

The latest trend is to move towards non-plastic straws. Paper straws are hygienic, single-use products found in restaurants, bars & lounges, soda shops, and other places. Straws built of paper hold up during the course of a meal, and once discarded, they degrade way faster than those made with plastic, thus, leaving a smaller impact on the environment. The improvised characteristics of paper straws and their sustainable nature are likely to drive the growth of the global paper straw market during the forecast period.

The food service industry is a significant consumer of paper straws, and the increasing number of food outlets is boosting the demand for paper straws substantially. There has been a dynamic shift in the consumer consumption pattern in the food and beverages sector. On an average, online food delivery platforms in emerging countries such as India, offer over 40% return on investment. This is leading to intense competition across food delivery platforms among food service companies, which provides lucrative opportunities to food disposable products such as paper straws. Preference for takeaway food or ready-to-eat food is increasing which, in turn, is fuelling the food service packaging demand. Hence, there are high growth opportunities for paper straws in the near future, owing to the plastic straw ban in many countries and the rising demand for eco-friendly products. Such factors together are foreseen to propel the growth of the global paper straws market during the forecast period.

One of the important factors that drive the growth of the paper straws market is the consumer inclination towards eco-friendly, as well as convenient products. Consumables which are appealing, as well as disposable after one use, always get the attention of the consumer. Thus, manufacturers of paper straws are providing printed paper straws with appealing designs to grab consumer attention in the marketplace. Paper straws made with 3-4 layers of paper around a mold and a number of additives, are comparatively more durable than conventional paper straws. Paper straws answer to the market need of durable and sustainable alternative to plastic straws and are likely to gain significant traction during the forecast period.

Irrespective of the optimistic viewpoint, the high cost of paper straws as compared to plastic straws might hinder the growth of the paper straws market up to some extent during the forecast period. Paper straws cost ten times higher than plastic-based straws, which may affect the paper straws market negatively. The high cost of paper straws is attributed to high-quality paper, binder, and additives used during the manufacturing process. However, the manufacturers of paper straws are channelizing their efforts on improving production efficiency, use of recycled raw materials for lowering costs and increase overall profitability margin.

Demand for Green and Eco-friendly Products

The strong uprising against the use of plastics and other non-biodegradable products has caused formidable disruptions across multiple industries. The use of biodegradable products has become a mark of responsibility and better citizenship. Environmentalists are persuading national governments and planning authorities to ban a major share of plastic products that glut the market. Therefore, the use of plastic straws and glasses is gradually running out of practice. Considering the factors stated above, it is safe to expect that the global paper straws market would tread along a lucrative pathway.

Use of Effective Marketing Strategies

The use of paper straws across cafes and bakeries has become quite prominent. Moreover, the development of collaterals for these units follows a comprehensive approach toward marketing and sales. Since paper-based straws have a larger scope for customization in terms of colour and attractiveness, the use of these straws has gained momentum. The design of plastic straws can undergo greater level of customization. For this reason, several buyers still prefer to use plastic straws. However, the vendors in the global paper straws market could capitalise on the shift from plastics to biodegradable products to earn sustainable revenues.

Paper Straws Market – Competition Dashboard

Detailed profiles of manufacturers of paper straws are also included in the report to evaluate their key product offerings, financials, recent developments, and strategies. Key players operating in the global paper straws market include Huhtamäki Oyj., Hoffmaster Group Inc. (Aardvark), Biopac UK Ltd., Vegware Ltd., U.S. Paper Straw, The Paper Straw Co., Austraw Pty Ltd T/as Bygreen, Footprint LLC, Okstraw, Transcend Packaging Ltd., PT. Strawland, TIPI Straws, MPM Marketing Services Pty Ltd., Canada Brown Eco Products Ltd., Aleco Straws Co. Ltd., Zhengzhou Gstar Plastics Co., Ltd., YIWU JinDong Paper Co., Ltd., Sharp Serviettes, GP Paper Straw Sdn Bhd, and The Blue Straw.

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Global Paper Straws Market to Expand as Need for Green Manufacturing Becomes a Global Priority

The demand within the global paper straws market is slated to grow at a stellar pace in the times to follow. The use of paper-based products has become a necessity across the globe as environmental pollution and degradation takes a toll on pleasant living. Several countries have imposed strict guidelines related to the use of polyethene in recent times. The degradation caused to the environment due to the use of polyethene has generated alarm across the world. Henceforth, several industries are encouraging the use of paper-based products and technologies. Moreover, the emergence of new vendors who manufacture paper products such as plates, glass, and straws has also popularised the trend of green living.

  • Several research lines conducted in the recent past suggest the need for green and clean living. The planet is struck by a wave of disruptions at the end of climate change, global warming, and environmental pollution. This is an important dynamic of growth and expansion for the vendors operating in the global paper straws market. Furthermore, the need for maintaining the integrity of the planet has also been popularised across social channel by environmentalists. This has generated a sense of belongingness amongst the masses who are now working towards preserving the integrity of the planet. Therefore, the global paper straws market is set to expand alongside advancements in sustainable packaging.
  • The food and beverages industry has become a resilient consumer of paper straws in recent times. The seriousness of this industry in ensuring sustainable development and consumption has led the decision makers to include paper-based cutleries. This has played a humongous role in driving sales across the global paper straws market. Moreover, the demand for paper straws has also increased as several beverage cans come equipped with straws and sipping tubes made out of green products.

Market Segmentation

Material

  • Virgin Kraft Paper
  • Recycled Paper

Product

  • Printed
  • Non-printed

Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East

In this study, the years considered to estimate the market size of Paper Straws are as follows:

  • History Year: 2016-2020
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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