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Paper Straws Market is estimated to Develop at a CAGR of 6.8% during the Forecast Period, notes TMR Study

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News provided by

Transparency Market Research

14 Jun, 2022, 13:30 GMT

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  • The global food service business is estimated to be fuelled by an increase in the number of food outlets, which is likely to drive paper straw demand.
  • Paper straw sales are expanding as a result of growing popularity of ordering food online and a rising requirement for paper straws in hospitals for the intake of liquid medications.

ALBANY, N.Y., June 14, 2022 /PRNewswire/ -- The value of the global paper straws market stood at US$ 2.1 Mn in 2021. The global market is estimated to rise at a CAGR of 6.8% during the forecast period, from 2022 to 2028. The global paper straws market is anticipated to cross the valuation of US$ 5.2 Bn by 2028. Single-use plastic solutions are being phased out of the packaging industry's product line. Tetra packs are even being used to replace the complimentary straws. Eco-friendly straws market future looks bright with the increasing adoption of paper straws.

Due to the better production capacities, the paper straws market is expected to rise significantly in the future years. In order to improve their manufacturing capacities, producers may employ manual machines instead of handcrafted bamboo straws. Furthermore, customizing bamboo straw semi-automatic machines is predicted to help producers increase their total production capacity. Paper straws are also manufactured at a slower rate than plastic straws. A standard paper straw machine can produce 200-300 straws each minute. Manufacturers must improve their manufacturing skills by employing manual or semi-automatic straw machines in order to grow their market share in the eco-friendly straw industry.

Get PDF Brochure for More Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=44574

Key Findings of Market Report

  • Some of the best paper straw manufacturers & suppliers are becoming more aware of their business's obligations and, as a result, are striving toward supplying environmentally friendly packaging and flatware solutions to consumers. Brand owners, manufacturers, and retailers are all introducing recyclable, reusable, or biodegradable packaging options, which are likely to emerge as paper straws market trends.
  • Based on sales channel, the manufacturer's category is likely to lead in the forthcoming years. The manufacturer's category in the global paper straws market is estimated to generate an incremental opportunity of US$ 1.9 billion. In the global market, the e-retail category is expected to rise at a 5.4% CAGR during the forecast period.
  • The virgin Kraft paper category was worth US$ 1.7 billion in 2021 and is expected to develop at a rapid CAGR during the forecast period, from 2022 to 2028. The virgin Kraft paper category is predicted to dominate the market in terms of market share. T this category is estimated to offer a US$ 2.6 billion incremental potential. By 2028, the recycled paper industry is expected to expand 2.2 times its present value.

Request Sample Report at - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=44574 

Global Paper Straws Market: Growth Drivers

  • In terms of CAGR, the printed paper straw category is likely to reign supreme in the next years. The non-printed paper straw category of the global paper straws market is estimated to provide a potential of US$ 2.1 billion during the forecast period.
  • Drinking straws are useful for allowing individuals to relish their cold beverages. Paper straws are a safe as well as environmentally friendly way to offer beverages. Their unprinted straws are composed of food-grade paper that has been tested and approved for food safety in the US, China, and Europe by top food safety organizations such as the FDA. These factors are likely to increase drinking paper straw market size in the years to come.

Get COVID-19 Impact Analysis at - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=44574

Global Paper Straws Market: Key Players

Some of the key market players are

  • MPM Marketing Services Pty Ltd
  • Hoffmaster Group Inc. (Aardvark)
  • GP Paper Straw Sdn Bhd
  • Zhengzhou Gstar Plastics Co., Ltd
  • Transcend Packaging Ltd., PT.
  • Canada Brown Eco Products Ltd.

Make an Enquiry before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=44574

Global Paper Straws 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
  • E-Retail

End Use

  • Foodservice
  • Institutional
  • Household

Browse Latest Packaging Industry Research Reports by TMR

Mulch Films Market - Mulch Films Market was valued at US$ 5 Bn in 2021 It is estimated to expand at a CAGR of 5.9% from 2022 to 2026

Rigid Plastic Packaging Market - Rigid Plastic Packaging Market was valued at US$ 174.3 Bn in 2021. It is estimated to expand at a CAGR of 4.7% from 2022 to 2029

Dicing Tapes Market - dicing tapes market was valued at US$ 1 Bn in 2021. It is estimated to expand at a CAGR of 6.5% from 2022 to 2026

Vials Market - vials market was valued at US$ 7.1 Bn in 2021. It is estimated to expand at a CAGR of 5.4% from 2022 to 2029

Protective Cases Market - protective cases market was valued at US$ 1.8 Bn in 2022. It is estimated to expand at a CAGR of 4.6% from 2022 to 2027

Poly Coated Paper Market - Poly Coated Paper Market is expected to cross the value of US$ 29.9 Bn by the end of 2031, estimated to expand at a CAGR of 4.4% from 2021 to 2031.

Folding Cartons Market - Folding Cartons Market is expected to reach the value of US$ 105 Bn by the end of 2031, It is estimated to expand at a CAGR of 4.7% from 2021 to 2031

Paper & Paperboard Trays Market - Paper And Paperboard Trays Market is projected to rise from a valuation of US$4,444.3 Mn in 2017 to reach a valuation of US$5,893.9 Mn by 2022 end. The market is forecast to clock a CAGR of 5.8% from 2017 to 2022.

About Transparency Market Research

Transparency Market Research is a global market research company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com 
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