According to analysts at Skygaze Market Research, the Paper Straw Market is expected to reach USD 13.1 Billion by 2030, growing at a CAGR of 8.2% from 2023 to 2030. The major organizations in the food & beverage industry are switching to paper straws as a compliant and environmentally friendly alternative to plastic straws. These paper straws are designed to be biodegradable, compostable, and made from renewable resources, such as sustainable paper materials. They serve as a solution to the growing environmental concerns about plastic pollution due to their eco-friendliness. The paper straw sales are distinctive as they may satisfy the escalating demand for environmentally friendly alternatives.
The rising consumer preference for sustainable products and business sustainability initiatives have also contributed to the market's expansion. Paper straw consumption is rising internationally as many businesses and individuals place a higher priority on minimizing plastic waste. In recognition of the fact that paper straws address these problems and give consumers a more responsible option for their beverage consumption needs, the market for them has seen significant expansion.
Through bans and restrictions on single-use plastic straws, governments are pushing for a transition to more sustainable options. Public outreach initiatives regarding the adverse impact of plastic trash on the environment frequently proceed along with these policies to inform the public. Governments also support and incentivize businesses and manufacturers to promote the use of paper straws. Grants, tax rebates, and financial aid are available to lower the financial burden of switching from plastic to sustainable alternatives.
When it comes to attempts to combat plastic pollution, the EU has been at the forefront. The Single-Use Plastics Directive, which includes a ban on some single-use plastic items, including plastic straws, was put into effect by the EU in 2019. A ban on plastic straws was also implemented in the UK in 2020, which has increased the demand for eco-friendly substitutes like paper straws and prompted companies to take the necessary measures. The bans on single-use plastics, including plastic straws, have been adopted or are being considered by several Canadian jurisdictions as well, including British Columbia, Nova Scotia, and Prince Edward Island.
In the U.S., while states like California have restrictions on the use of plastic straws, certain towns, including Miami Beach and Seattle, have outright bans. Additionally, paper straw sales in the U.S. were valued at USD 3.32 Billion in January 2022 and USD 5.79 Billion in July 2022. The demand for paper straws in the aforementioned period across the nation was directly driven by this expanding trend, which denotes the upward movement in food and beverage sales.
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Key Findings:
● In a bid to support the market for paper straw consumption, it is predicted that the global market size of the global market for food-safe adhesive will increase from USD Million in 2022 to USD Million in 2029, expanding at a CAGR% from 2023 to 2029.
● The worldwide food adhesive market, estimated at USD 7.37 billion in 2020, is anticipated to increase at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028, boosting the growing popularity of the paper straw industry.
● The expanding demand for paper straws, the rise in industrial production, escalating environmental concerns, and increased innovation propelled the global recovered paper market to a volume of 257.3 million metric tonnes in 2020. By 2026, the market is anticipated to grow to 298.4 million metric tonnes.
The major players in the global paper straw market are Footprint, Transcend Packaging, Sonton, Fuling Global Inc., Hoffmaster Group, Charta Global, Huhtamaki Inc., Lollicup USA Inc. Y.W., Focus Technology Co. Ltd., and Canada Brown. Sonton presently manufactures more than 1000 different types of drinking paper straws, thereby becoming the biggest manufacturer in the world. Similarly, Ulfex unveiled its U-Shape Paper Straw in April 2022, to produce 100 million in the first month and 200 Million over subsequent months. Ulfex also aimed to produce 2.4 Billion straws annually. Moreover, in the paper straw industry, Huhtamaki Inc. has followed a few distinctive strategies, one of which is working with all value chain participants. To develop a more complete and long-lasting solution, they actively collaborated with their clients, suppliers, and even non-governmental organizations (NGOs). In addition to ensuring the creation of high-quality paper straws, this collaborative approach encourages knowledge sharing and the adoption of best practices across the industry. Additionally, in October 2022, McDonald's Japan adopted paper straws and wooden utensils at all locations, which the fast-food chain anticipated would eliminate 900 metric tons of plastic waste annually. As supplies at the approximately 2,900 outlets around the country run out, the chain will cease offering plastic straws and forks.
The paper straw market is segmented as follows:
By Raw Material (Revenue: USD Billion, 2018 – 2030)
● Virgin Paper
● Recycled Paper
By Product Type (Revenue: USD Billion, 2018 – 2030)
● Printed
● Non-Printed
By Flexibility (Revenue: USD Billion, 2018 – 2030)
● Flexible
● Non-Flexible
By End-User (Revenue: USD Billion, 2018 – 2030)
● Food Service
● Hotel
● Household
● Others
By Region (Revenue: USD Billion, 2018 – 2030)
● North America
o U.S.
o Canada
o Mexico
● Europe
o U.K.
o France
o Germany
o Italy
o Spain
o Rest of Europe
● Asia Pacific
o China
o Japan
o India
o South Korea
o South East Asia
o Rest of Asia Pacific
● Latin America
o Brazil
o Argentina
o Rest of Latin America
● Middle East & Africa
o GCC Countries
o South Africa
o Rest of Middle East & Africa
