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Paper Straw Market: Sustainable Sip to Success with Impressive CAGR of 13.80% Growth By 2030| Hoffmaster Group, Inc., Bygreen, ECOPRO2.

Oct 26, 2023 3:00 PM ET

Paper Straw Market: Sustainable Sip to Success with Impressive CAGR of 13.80% Growth By 2030| Hoffmaster Group, Inc., Bygreen, ECOPRO2.

Paper Straw Market Overview

The global paper straw market is likely to witness significant revenue growth. The increasing awareness of the hampering effects on the environment caused by plastic materials would drive the paper straw market growth. Market Research Future (MRFR) confirms that the global paper straw market value is poised to escalate from USD 1.54 BN in 2022 to USD 3.80 BN by 2030, growing at 13.80% throughout the assessment period (2022-2030).

Moreover, the growing preference for biodegradable products accelerates the paper straw market shares. Recently, biodegradable straws have gained immense popularity due to the threat of land & water pollution caused by toxic substances in plastic. As a result, this drives huge demand for paper straws as a non-toxic, biodegradable, and environment-friendly alternative to plastic straws.

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The rapidly growing food service industry and the shift in consumer preference for sustainable packaging solutions are key market drivers. Additionally, increasing government initiatives & funding programs to promote paper straw uptake positively impact market growth.

Also, the availability of different colour and pattern variants attracts consumers, increasing consumer preference for paper straws. On the other hand, a group of people still dislike the feeling of wet cardboard in the mouth triggered by the paper straw. This restricts the particular group to go back to plastic straws. Such consumerism issue results in increasing plastic straw usage. 

Paper Straw Market – Competitive Analysis

Highly competitive, the paper straw market appears fragmented, with the presence of several well-established players. Players incorporate strategic initiatives such as partnerships, mergers & acquisitions, collaborations, expansion, and technology launches to gain a larger competitive share in the market. Due to the availability of similar products with low product differentiation, manufacturers are increasingly focusing on effective marketing communications.

Major Players

Leading paper straw market players include 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), Canada Brown Eco Products Ltd (Canada), Tetra Pak International SA (Switzerland), and Sharp Serviettes (New Zealand), among others.

Paper Straw Market- Segments

The report is segmented into types, end-uses, and regions. The type segment is sub-segmented into flexible and non-flexible. The end-use segment is sub-segmented into household and commercial. By region, the paper straw market is segmented into Europe, the Americas, Asia-Pacific, and the rest of the world.

Paper Straw Market- Regional Analysis

North America dominates the global paper straw market. The high demand for paper straws due to the growing number of restaurants in the US and Canada substantiates the market size. Besides, the increasing adoption of paper straws is encouraged due to the rising adverse effects of plastic straws on the environment influences the regional market growth. Throughout the assessment period, the North American paper straws market is projected to retain its dominance in the global market.

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Industry/ Innovation/ Related News:

Aug. 24, 2023 — Transcend Packaging announced the development of a new hydrocarbons-free paper straw. These new paper straws are developed using vegetable lubricant to remove hydrocarbons. Transcend Packaging had partnered with Klüber, a leading lubricant manufacturer, to develop the new paper straw free of hydrocarbons. Klüber supplied its Klüberfood 4DC (direct contact) vegetable-based technical processing technology, enabling Transcend Packaging to take out all traces of mineral oil aromatic hydrocarbons (MOAH) and mineral oil saturated hydrocarbons (MOSH).

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