Global 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% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 14, 2020--
The “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” report has been added to ResearchAndMarkets.com’s offering.
Increased demand for paper straws for various end-use applications and rise in government reforms & campaigns to ban plastics are projected to drive the overall growth of the paper straw market across the globe from 2019 to 2024.
The growing consumer demand for environmental-friendly straws, increasing rising government reforms & campaigns to ban plastic straws, and rising intolerance toward the use of plastic straws are factors that are projected to drive the growth of the market for paper straws. However, the high cost of paper straws as compared to plastic ones is projected to inhibit the growth of the market.
The non-printed segment is projected to be the fasted growing segment from 2019 to 2024, in terms of both value and volume.
Non-printed paper straws are the majorly consumed paper straws, globally, and accounted for a larger share in terms of volume, in the global paper straw market. Non-printed paper straws are manufactured to avoid digestions of inks or dyes and are manufactured using sustainably sourced paper or food-grade paper. These straws are certified & approved by various food safety departments and are ideal for beverages, such as iced drinks, soda, slushies, soft drinks, beverages, juices, frozen drinks, general liquids, and water.
The 7.75-8.5 inches segment is projected to lead the paper straw market from 2019 to 2024, in terms of value.
The 7.75-8.5 inches segment, by straw length, is projected to lead the paper straw market from 2019 to 2025, in terms of both value and volume. In terms of value, the 7.75-8.5 inches segment is projected to be the largest market in the paper straw market. 7.75 inches (197 mm) is the standard & most preferred length of paper straws. These straws are ideal for regular cups & glasses used for cocktails, iced tea, soda, smoothies, bubble tea, and milkshakes.
The segment is projected to be the fastest-growing segment, during the forecast period, in terms of both value and volume.
The <0.15 inches segment is projected to grow at the highest CAGR during the forecast period, in terms of both value & volume. These straws can be used as drink stirrers. They have wider diameters than stirrers and are an ideal solution for any mixed drink or cocktail. Further, they are mostly preferred by bars, cafes, or restaurants, as they can also be used to stir mixed drinks & cocktails in small, regular, or taller glasses, cups, or other vessels used for drinking.
The foodservice segment is projected to lead the paper straw market during the forecast period, in terms of both value and volume.
The foodservice segment, by end-use application, is projected to register the fastest growth in the paper straw market from 2019 to 2024. The wide range of applications of paper straws in the foodservice industry and the increase in the number of foodservice outlets, worldwide, drive the demand for paper straws in the market. Furthermore, the increasing consumer demand for environment-friendly straws, rising government reforms & campaigns to ban plastic straws, and growing intolerance toward the use of plastic straws are factors that are projected to drive the growth of the paper straws market for foodservice applications.
Key Benefits of Buying the Report
The report would help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall paper straw market and its segments and sub-segments. This report would also help the stakeholders understand the competitive landscape of the market and gain insights to improve the positions of their businesses and plan suitable go-to-market strategies. It also aims at helping them understand the pulse of the market and would provide them with information on key market drivers, challenges, and opportunities.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Tudy Scope
1.4 Years Considered
1.4.1 Regional Scope
1.5 Currency Considered
1.6 Unit Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Research Assumptions & Limitations
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
6 Paper Straw Market, By Material Type
6.2 Virgin Paper
6.3 Recycled Paper
7 Paper Straw Market, By Product Type
8 Paper Straw Market, By Straw Length
8.2 <5.75 Inches
8.3 5.75-7.75 Inches
8.4 7.75-8.5 Inches
8.5 8.5-10.5 Inches
8.6 >10.5 Inches
9 Paper Straw Market, By Straw Diameter
9.2 <0. 15 Inches
9.3 0.15 - 0.196 Inches
9.4 0.196 - 0.25 Inches
9.5 0.25 - 0.4 Inches
9.6 >0.4 Inches
10 Paper Straw Market, By End-Use Application
11 Paper Straw Market, By Region
11.2 Asia Pacific
11.4 North America
11.5 Middle East & Africa
11.6 South America
12 Competitive Landscape
12.2 Competitive Scenario
12.3 Competitive Leadership Mapping for Paper Straw Manufacturers
12.4 Strength of Product Portfolio
12.5 Business Strategy Excellence
13 Company Profiles
13.1 Hoffmaster Group, Inc.
13.2 Transcend Packaging Ltd.
13.4 Fuling Global Inc.
13.5 Huhtamaki OYJ
13.7 Royal Paper Industries
13.8 Canada Brown Eco Products Ltd
13.10 Charta Global
13.11 Soton Daily Necessities Co., Ltd. Y.W.
13.12 Wuxi Jiejing Packing Co., Ltd
13.13 Yutong Eco-Technology (Suqian) Co., Ltd
13.14 Other Players
13.14.1 Ningbo Jiangbei Shenyu Industry and Trade Co., Ltd.
13.14.2 Aleco Industrial Co., Ltd.
13.14.4 Tetra Pak International S.A.
13.14.5 US Paper Straw
13.14.6 Hello Straw
13.14.7 Tipi Straws
13.14.8 Pt. Strawland
13.14.9 Okstraw Paper Straws
13.14.10 Biopac (UK) Ltd
13.14.12 Sharp Serviettes
13.14.13 Lollicup Usa, Inc.
13.14.14 Shenzhen Grizzlies Industries Co., Ltd
14 Paper Straw Raw Material Suppliers
14.1 International Paper
14.2 Stora Enso
14.3 Nippon Paper Group
14.5 ITC Limited
14.6 Sappi Limited
14.7 Smurfit Kappa
14.9 Daio Paper Corporation
15 Paper Straw Machine Suppliers
15.1 Ruian Lifeng Machinery Co., Ltd.
15.2 Wenzhou Bohang Machinery Co., Ltd
15.3 Ruian Win-Win Machinery Co., Ltd
15.4 Ruian Ruiting Machinery Co., Ltd.
15.5 NSC Group
15.6 Wenzhou Gaoda Paper Tube Machinery Co., Ltd.
15.7 Future Enterprises
15.8 Ruian Sunlight Machinery Factory
15.9 Aman Impex
15.1 Tirth Corporation
For more information about this report visit https://www.researchandmarkets.com/r/kljbxc
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INDUSTRY KEYWORD: PACKAGING MANUFACTURING
SOURCE: Research and Markets
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PUB: 01/14/2020 08:26 AM/DISC: 01/14/2020 08:26 AM