In the food service, public utilities and household industries, increasing demand for paper straw for various end uses is a key factor. Factors such as increased consumer demand for environmentally-friendly straws will contribute to the growth of the paper straw market. The food and beverage service segment in the paper straw market will grow at a compound annual growth rate with the highest value growth due to the adaptation of environmentally friendly alternatives for single-use disposable products to avoid or prohibit the use of plastic straws Other disposable items. It is expected that in the near future, demand for the papyrus market will increase significantly due to increasing awareness of sustainability and the surge in the number of bans on disposable plastic products in the food service industry.
Market Analysis and Insights: Global Paper Straw Market
Due to the COVID-19 pandemic, the global Paper Straw market size is estimated to be worth US$ 1005.5 million in 2022 and is forecast to a readjusted size of US$ 2462.4 million by 2028 with a CAGR of 16.1% during the review period. Fully considering the economic change by this health crisis, <5.75 Inches accounting for % of the Paper Straw global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Foodservice segment is altered to an % CAGR throughout this forecast period.
China Paper Straw market size is valued at US$ million in 2021, while the US and Europe Paper Straw are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Paper Straw landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Paper Straw include Hoffmaster Group, Transcend Packaging, Huhtamaki Oyj, Footprint, Fuling Global, Canada Brown Eco Products, Lollicup and Biopac, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Paper Straw capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Paper Straw by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Paper Straw Scope and Segment
Paper Straw market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Paper Straw market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
<5.75 Inches
5.75-7.75 Inches
7.75-8.5 Inches
8.5-10.5 Inches
>10.5 Inches
Segment by Application
Foodservice
Institutional
Residential
By Company
Hoffmaster Group
Transcend Packaging
Huhtamaki Oyj
Footprint
Fuling Global
Canada Brown Eco Products
Lollicup
Biopac
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE