Overview and Scope
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.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Europe was the largest region in the paper straw market in 2023. The regions covered in the paper straw market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the paper straw market are adopting a strategic partnership approach aiming to produce resilient, printable, and easily recyclable paper straws. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in May 2022, Walki Group Oy, a China-based company of packaging materials for food, hygienic products, and pet food, announced a partnership with Dolea to begin producing recyclable and printed paper straws in Ylöjärvi, Finland, and Garstang, UK. Dolea has developed a recyclable and long-lasting fiber-based straw that requires 25% less material and remains intact in several liquids, including hot beverages. Dolea has created proprietary machine technology for making straws efficiently, which also permits the production of printed straws based on end customers’ designs. Walki Ventures, Walki’s new start-up investment program, has invested in Dolea, and as part of the agreement, Dolea’s machines will be moved to Walk’s facility in Ylöjärvi, and new production capacity will be established at Walki’s Garstang plant. Walki will also offer the straws in the UK under the Walki Straw brand. This strategic collaboration not only offers Dolea the resources and capacities to scale up to industrial-scale production but also represents a significant step in securing the capacity to fulfill and satisfy client demand, which is increasing by the day. Dolea is a Finland-based straw manufacturing company.
The paper straw market report table of contents includes:
1. Executive Summary
2. Paper Straw Market Characteristics
3. Paper Straw Market Trends And Strategies
4. Paper Straw Market – Macro Economic Scenario
5. Global Paper Straw Market Size and Growth
…..
32. Global Paper Straw Market Competitive Benchmarking
33. Global Paper Straw Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Paper Straw Market
35. Paper Straw Market Future Outlook and Potential Analysis
36. Appendix
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