The Paper Straw Global Market Report 2023, provides comprehensive information on the paper straw market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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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%.
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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 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
Europe was the largest region in the paper straw market in 2022.
The table of contents in TBRC’s paper straw market report includes:
1. Executive Summary
2. Paper Straw Market Characteristics
3. Paper Straw Market Trends And Strategies
4. Paper Straw Market – Macro Economic Scenario
5. Paper Straw Market Size And Growth
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26. Africa Paper Straw Market
27. Paper Straw Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Paper Straw Market
29. Paper Straw Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Footprint Paper Straw
- Charta Global Inc
- Canada Brown Eco Products Ltd
- Huhtamaki Oyj
- Hoffmaster Group Inc
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