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Global Paper Straws Market
Last updated: 28/12/2019 20:34:40
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Global Paper Straws Market was valued US$ 1025.63 Mn in 2017 and is expected to reach US$ 3153.01 Mn by 2026, at a CAGR of 13.29 % during a forecast period.
Rising intolerance towards plastic straws, rising consumer demand for eco-friendly straws, and globally increasing government reforms and campaigns to ban plastic straws are likely to offer a positive outlook for the paper straws market. Straws built of paper hold up during the course of a meal, and once discarded, they degrade way faster than those made with plastic, thus, leaving a smaller influence on the environment. The improvised characteristics of paper straws and their sustainable nature are likely to drive the growth of the global paper straw market during the forecast period.
On the other hand, the high cost of paper straws as compared to plastic straws might hamper the growth of the paper straws market up to some extent during the forecast period. Paper straws cost ten times higher than plastic-based straws, which may affect the paper straws market adversely.
According to end use, food service industry is a significant consumer of paper straws, and the rising number of food outlets is boosting the demand for paper straws significantly. On an average, online food delivery platforms in developing countries such as India, offer over 40% return on investment. This is leading to intense competition across food delivery platforms among food service companies, which provides productive opportunities to food disposable products such as paper straws. Consumers' inclination towards suitable products and availability of paper straws in printed forms with attractive designs are also offering a positive outlook for the global paper straws market.
Various medium and small-sized vendors in the paper straws market are concentrating on capacity expansion for revamping their production efficiency and satisfying end-users demand. They are also concentrating hard on channelizing efforts for offering cost-effective paper straws to their customers. The conflict among players is further getting escalated due to the activity of major players who are aimed at expanding their geographical reach by means of mergers and acquisitions.
Geographically, In Asia Pacific, rising disposable incomes and governments' strict regulations in using plastic straws are form the shape of the global paper straws market. Along with this, a rapid expansion of the foodservice industry in the region also provides driving force to the growth of the global paper straws market. In this region, China is projected to remain dominant in terms of the maximum consumption of paper straws, whereas India is predicted to outpace other countries with respect to growth rate. Moreover, North America is a remarkable shareholder in the market. This is attributed to the U.S governments' initiatives to ban the use of plastic straws.
The report focuses on the leading competitors in the Paper Straws industry and delivers an all-inclusive analysis considering their market share, production capacity, value chain analysis, size, sales and distribution network, import/export activities, cost structure, and product specification.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Paper Straws Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Paper Straws Market.
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Scope of Global Paper Straws Market
Global Paper Straws Market, By Material Type
• Virgin Kraft Paper
• Recycled Paper
Global Paper Straws Market, By Product Type
Global Paper Straws Market, By Straw Length
• 15 cm
Global Paper Straws Market, By Sales Channel
Global Paper Straws Market, By End Use
• Food Service
Global Paper Straws Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Paper Straws Market
• Hoffmaster Group Inc. (Aardvark)
• Vegware Ltd.
• U.S. Paper Straw
• The Paper Straw Co.
• Austraw Pty Ltd T/as Bygreen
• Transcend Packaging Ltd.
• PT. Strawland
• TIPI Straws
• MPM Marketing Services Pty Ltd.
• Canada Brown Eco Products Ltd.
• Aleco Straws Co. Ltd.
• Zhengzhou Gstar Plastics Co. Ltd.
• YIWU JinDong Paper Co. Ltd.
• GP Paper Straw Sdn Bhd
• The Blue Straw
This Report Is Submitted By : Maximize Market Research Company
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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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