Paper Straws Market Trends Expected to Grow at a CAGR over 12.61% from 2019 to 2

Posted by Pradeep Zende on March 27th, 2020

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.   

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.

Market USP

Negative environmental impact of using plastic straws in terms of disposal and toxic materials

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.
  • 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. 

Access Report Details @ https://www.marketresearchfuture.com/reports/paper-straw-market-8510

Key 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)
  • Canada Brown Eco Products Ltd (Canada)
  • Aleco Industrial Co., Ltd (China)
  • Tetra Pak International S.A. (Switzerland)
  • Sharp Serviettes (New Zealand)

Pradeep Zende

About the Author

Pradeep Zende
Joined: February 12th, 2019
Articles Posted: 395

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