Paper Straws Market to Reach US$ 5.2 Billion by 2028: TMR Study

PRESS RELEASE

Published January 8, 2024

The latest research study released by Transparency Market Research on “Paper Straws Market Forecast to 2022-2028 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Paper Straws industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

Paper Straws market is estimated to attain a valuation of US$ 5.2 Bn by the end of 2028, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 6.8% during the forecast period, 2022-2028

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Manufacturers in the packaging industry are focusing on eliminating single-use plastic products from their portfolio. Companies are even replacing the complementary straws given with tetra packs. The paper straws market is estimated to witness significant growth in the upcoming years due to improved production capabilities. Instead of handmade bamboo straws, manufacturers may use manual machines to enhance their production capabilities. Furthermore, customization of bamboo straw semi-automatic machines may improve the overall production capacity of the manufacturers. The rate of manufacturing paper straws is also slow as compared to plastic straws. A typical paper straw machine can manufacture upto 200-300 straws/minute. In order to increase the share in the eco-friendly straw market, manufacturers need to enhance their manufacturing capabilities by using manual or semi-automatic straw machines.

Use of High-speed Machines to Ramp up Production of Paper Straws

Paper straws are replacing plastic straws; however, the efficiency of the paper straw machines is very less as compared to the plastic straw machines. Manufacturers are looking forward to increasing per-minute capabilities of the paper straw machines. Leading players in the packaging industry can increase the number of straws manufactured per hour by using efficient and high-speed machines. Hence, to meet consumer requirements and replace plastic straws completely, manufacturers should enhance their production capabilities in terms of paper imports and machine usage. Increase in the usage of high-speed machinery is expected to influence the paper straws market drastically.

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Rapid Adoption of Virgin Kraft Paper in Global Paper Straws Market

In terms of material, the virgin Kraft paper segment was valued at US$ 1.7 Bn in 2021 and is set to grow at the fastest CAGR from 2022 to 2028. The virgin Kraft paper segment is expected to dominate in terms of CAGR, incremental opportunity, as well as market share. This segment is expected to create an incremental opportunity of US$ 2.6 Bn by the end of the forecast period. The recycled paper segment is anticipated to grow 2.2x of its current value by 2028.
Based on product, the printed paper straw segment is expected to dominate in terms of CAGR in the upcoming years. The non-printed paper straw segment of the global paper straws market is expected to create an incremental opportunity of US$ 2.1 Bn by the end of the forecast period.

The significant players operating in the global Paper Straws market are

Huhtamäki Oyj., Hoffmaster Group Inc. (Aardvark), Biopac UK Ltd., Vegware Ltd., and U.S. Paper Straw

Market Segmentation –

Product
- Printed Paper Straw
- Non-printed Paper Straw

Material
- Virgin Kraft Paper
- Recycled Paper

Straw Length
- <7 cm
- 7 – 10 cm
- 10 – 15 cm
- >15 cm

Sales Channel
- Manufacturers
- Distributers
- Retailers
  - Hypermarket
  - Supermarket
  - Convenience Stores
  - Specialty Stores
  - Discount Stores
- E-Retail

End Use
- Foodservice
  - Hotels
  - Restaurants & M
  - Bars & Lounges
  - Cafes
  - Fast Food Outlets
  - Cinemas
  - Airline & Railway
- Institutional
  - Educational
  - Healthcare
  - Corporate
- Household

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Key Developments in Global Paper Straws Market

In October 2021, in Colombia, the Nestlé Brazil now uses 100% paper straws, covering brands such as Nescau, Nesquik, Ninho, Farinha Láctea. The company eliminated 10 million plastic straws and wrappers. In Malaysia and Indonesia, teams eliminated the use of 70 million plastic straws. Since 2019, over 1,700 tons of plastic have been saved by the plastic straw elimination.
On September 2021, Sun-Rype Products, a Canadian fruit-based food and beverage manufacturer, announced that they have replaced plastic straws with recyclable, bendable paper straws on all beverage boxes in Canada
On 2020, Lassonde has announced that bendable paper straws will replace plastic straws in all boxes of water products. This initiative marks a first-to-market in Canada and provides consumers with 100% recyclable packaging.

This Report lets you identify the opportunities in Paper Straws Market by means of a region:

North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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