What's So Trendy About Paper Straw Market That Everyone Went Crazy Over It?

The report "Paper Straw Market by Material Type (Virgin paper, Recycled Paper), Product Type (Printed, Non Printed), Straw Length , Straw Diameter, End use Application (Food Service, Institutional, Household), Region - Global Forecast to 2024" The paper straw market is projected to grow from USD 585 million in 2019 to USD 1,687 million by 2024, recording a CAGR of 23.6% during the forecast period. The rising demand for sustainable, single-use disposable products & solutions in various end-user industries, such as foodservice, institutional, and  household, and the increasing government reforms & campaigns to ban the use of plastics, are factors that are projected to drive the growth of the paper straw market across the globe. Moreover, the adoption & demand from consumers for the sustainable & environment-friendly straws boost the market further.

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The virgin paper segment is projected to grow at the highest CAGR from 2019 to 2024, in terms of value & volume.

The virgin paper segment, by material type, of the paper straw market, is projected to grow at a higher CAGR during the forecast period, in terms of both value and volume. The growth of this segment is attributed to the increasing demand for virgin paper straws for various end-use applications in the foodservice, household, and institutional industries. One of the key advantages offered by virgin paper straws is durability, reliability, and high absorbance rate. Moreover, virgin paper straws provide quality, effective, and sustainable paper straws, which encourages its demand globally.

The non-printed segment, by product type, is estimated to lead the paper straw market in 2019, in terms of value and volume.

Paper straws are one of the best biodegradable disposable drinking straws available in the market. These straws are cheap, food-safe, FDA-approved, and FSC-certified. Based on product type, the non-printed paper straws are the most preferred, eco-friendly straws used across various end-use industries. These straws avoid digestions of inks or dyes and are manufactured using sustainably sourced paper or food-grade paper, which makes them the most-consumed paper straws for various end-use applications.

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Key Market Players

Hoffmaster Group, Inc. (US), Transcend Packaging Ltd. (UK), Huhtamaki Oyj (Finland), Footprint (US), Fuling Global Inc. (China), and Canada Brown Eco Products Ltd (China) are the key players operating in the paper straw market.

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