1. What is the projected Compound Annual Growth Rate (CAGR) of the Paper Straw Market?
The projected CAGR is approximately 5.7%.
Paper Straw Market by Material (Virgin Paper, Recycled Paper), by Product (Printed, Non-printed), by Application (Foodservice, Household), by North America (U.S., Canada, Mexico), by Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East and Africa (South Africa, UAE, Rest of Middle East & Africa) Forecast 2025-2033
The Paper Straw Market size was valued at USD 1.45 USD Billion in 2023 and is projected to reach USD 2.14 USD Billion by 2032, exhibiting a CAGR of 5.7 % during the forecast period. A paper straw relates to those that are made from biodegradable materials to replace the regular plastic straws in consuming beverages. Its primary use is in the food and beverage sector to use them in sipping of different liquids which include, juices, sodas and cocktail. Generally, paper straws are made of distinct types, plain, colored and special, which are patterned to fit the occasion. Made out of paper-based fiber, commonly known as paper pulp, these straws can have a thin layer of wax or plant oil to make it more rigid and resistant to moisture. The advantages include the possibility to minimize the usage of plastic straws since the paper ones disintegrate within nature, not being threatening for it. Recent developments showed an increase in use of paper straws due to rise in consumers’ consciousness and put in place measures against plastic-based products for use in especially in eateries and at home.
Material:
Product:
Application:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.7% from 2019-2033 |
Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.7%.
Key companies in the market include Fueling Technology (China), Footprint (U.S.), Charta Global (U.S.), Canada Brown Eco Products Ltd (Canada), Huhtamaki Oyj (Finland), Hoffmaster Group Inc. (U.S.), Transcend Packaging (U.K.), Duni Group (BioPak) (Sweden), Nippon Paper Industries Co., Ltd. (Japan), Focus Technology Co., Ltd. (China).
The market segments include Material, Product, Application.
The market size is estimated to be USD 1.45 USD Billion as of 2022.
Rising Growth of Urbanization to Aid Market Development.
N/A
Negative Impact Due to the Quality and Manufacturing Process to Hinder Market Growth.
N/A
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons.
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