Uploaded on Dec 23, 2019
Paper Straw Market Research Report by Type, End Use and Region, Paper Straw Market anticipated to grow at a CAGR of 12.61% | Paper Straw Industry
Paper Straw Market Size $2.44 Bn by 2024
Paper Straw Market Research
Report - Global Forecast till
2024
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2024
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(Part of Wantstats Research & Media Pvt. Ltd.)
Paper Straw Market Research Report- Forecast to 2024
Paper Straw Market 2019: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2024
Paper Straws Market is projected to be valued at USD 2.44 Billion by 2024 at a CAGR of
12.61% from 2019 to 2024. The market has registered over 40% growth since 2010.
Paper straws are generally sold in a variety of colors and patterns such as polka dots or
festive foil. Moreover, manufacturers are producing paper drinking straws with high
durability. Being a plant-based product, paper decomposes quickly as compared to
plastic.
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Paper Straw Market Research Report- Forecast to 2024
“Taste the market data and market information presented
through more than 50 market data tables and figures spread in
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table of content TOC & market synopsis on “
Paper Straw Market Research Report - Global Forecast 2024”
Growth Opportunities in the Market
Rising demand for soft straws among the elderly and motor-impaired: Paper
straws are a safe alternative to conventional straws as they lower the risk of injury
caused by harder straws such as plastic, glass, and metal. Increasing concerns among
the elderly and motor-impaired population are influencing established foodservice
outlets to withdraw the use of plastic straws and replace them with paper straws. The
rising demand for soft straws is directly influencing the sales of paper straws across the
globe.
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Paper Straw Market Research Report- Forecast to 2024
Global Paper Straw Market, by Region, 2018
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Paper Straw Market Research Report- Forecast to 2024
Regional Analysis
Increasing number of cafés and foodservice chains: In 2018, quick-service restaurants
(QSRs) and casual and fine dining restaurants accounted for about 75% of the global
restaurant and foodservice industry. Furthermore, cafés & bakery and pubs, clubs, bars,
and lounges (PBCL) accounted for about 10%, while institutional catering and kiosks
held the remaining 15% share of the global restaurant and foodservice industry. The
number of food outlets is anticipated to increase by more than 12% during the forecast
period. This is directly impacting the growth of the global paper straws market. For
instance, Starbucks has started to phase out plastic straws at a rate of 1 billion plastic
straws per year from its retail stores. Similarly, other food chains such as McDonald's,
All Bar One, Wetherspoon, Pizza Express, Wagamama, and Nando's and hotels such as
Marriott International have initiated the removal of plastic straws from circulation and
introduced straw-less service or biodegradable straws including paper variants.
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Paper Straw Market Research Report- Forecast to 2024
Application & Major Players in this Research:
Paper Straw Market Prominent Players:
Huhtamäki Oyj (Finland)
Hoffmaster Group, Inc. (US)
Biopac Ltd (UK)
ECOPRO2 (US)
The Paper Straw Co. (UK)
Bygreen (Eco-Straw) (Australia)
Footprint, LLC (UAE)
OkStraw Paper Straws (US)
Transcend Packaging Ltd (UK)
Strawland (Indonesia)
TIPI Straws (UK)
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Paper Straw Market Research Report- Forecast to 2024
Paper Straw Market Segmented on the basis of
By Type
Flexible
Non-Flexible
By Region
By End Use North America,
Household Europe,
Commercial Asia-Pacific
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