Paper Straws Market - Rise in Demand for Paper Straws for Various End-Use Applications is Expected to Lead to Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 6.5% from 2022 to 2028

Paper Straws
  • Paper Straws Market

As stated in our extensive report, the Global Paper Straws Market accounted forUSD 1,945.1 Millionin the year 2021.

The term "Paper Straw" refers to a tube that makes it easier to drink a beverage. Since they are made of paper, they are considered a more environmentally friendly alternative to plastic straws. They are 100% biodegradable and recyclable. Unlike plastic straws, which can take hundreds of years to disassemble, they deteriorate entirely in 2 to 6 weeks. Paper straws decompose in 2 months on land and six months in salt water. Animals are safer when they consume a biodegradable FSC-approved paper straw because they are more digestible for animals, are less toxic, and have less influence on the food chain.

Paper straws come in many colors, designs, and attractive options and can be customized to your needs. The availability of paper straws of various sizes and shapes is essential to the market's growth. Such things have long had a strong presence in the retail industry. However, due to the popularity of biodegradable straws, the demand for rhino paper straws is increasing. These gluten-free straws are made from high-quality paper and last about 4 hours. Due to personal responsibility and environmental awareness, paper straws have become widely used in cafes and bakeries, and the demand for paper straws is increasing.

The Paper Straws Market is growing due to the growing number of coffee shops and restaurants worldwide. In addition, the market is expected to be driven by the rapid expansion of the food and beverage industry and consumer demand for food and beverages on the go. In addition, the growing market for eco-friendly natural and organic straws is anticipated to drive the paper straw business in the coming years. Furthermore, growing environmental concerns are projected to introduce strict environmental protection regulations in various countries, opening significant potential opportunities for the industry.

Significant profit growth is expected in the paper straw market during the planning period. Straws from this paper are durable, reliable, absorbent, and have excellent effects. Also, customers do not need to use many straws in one use. This fact helps to minimize waste. Thus, the segment is anticipated to dominate the market in the not-too-distant future.

Europe is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This surge in growth is associated with increased demand in countries such as the United Kingdom and Germany. This increased demand is mainly due to the increasing use of these straws in the hospitality industry. In addition, the regional industry is expected to benefit from the significant impact of government and environmental law and reforms in European countries banning plastics.

Some of the key players in the Global Paper Straws market include- Fuling Global Inc., Footprint, Charta Global, Canada Brown, Bygreen, Biopak, Hoffmaster Group Inc., Vegware, TIPI Straws Co, OkStraw Paper Straws, Transcend Packaging, Tetra Pak, Hello Straw, Royal Paper Industries, Huhtamaki OYJ and others.