This report analyzes and estimates the Paper Straw Market at the global, regional, and country-level. The research study provides historic data from 2015 to 2019 along with a forecast from 2020 to 2025 based on revenue (USD Million). The report offers detailed insights of the Paper Straw Market drivers and restraints along with their impact analysis at the global level from 2015 to 2025.
The report covers an in-depth analysis of the strategies adopted by major competitors in the global Paper Straw Market. To understand the competitive landscape in the global Paper Straw Market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global Paper Straw Market based on Material Type, Product Type, Straw Length, Straw Diameter, End-Use Application, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
Increased application of the food straw in the end-use industries is the major factor driving the global market. Increasing consumer preference toward eco-friendly products and rising government obligations toward reducing plastic usage are other factors fuelling the growth of the paper straw market. The foodservice segment is growing at a rapid rate in most of the regions. Increasing industrialization and increasing disposable income are some of the factors triggering the growth of the foodservice segment. Thus, market players offering food services are looking out for products that are eco-friendly and sustainable. The demand for paper straws is increasing in the foodservice sector owing to growing awareness regarding the ban of plastic products.
On the basis of Material Type, the global Paper Straw Market is sectored into Virgin paper and Recycled paper. On the basis of Product Type, the global market is categorized into printed and Non-printed.In terms of Straw Length, the market is segmented into <5.75 inches, 5.75-7.75 inches, 7.75-8.5 inches, 8.5-10.5 inches, and >10.5 inches.Based on Straw Diameter, the market is fragmented into<0.15 inches, 0.15 – 0.196 inches, 0.196 – 0.25 inches, 0.25 – 0.4 inches, and >0.4 inches.In terms of End-Use Application, the market is segmented into food service, Institutional, and Household. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the key players in the global paper straw market include Transcend Packaging Ltd., Footprint, Canada Brown Eco Products Ltd., Hoffmaster Group, Inc. Huhtamaki Oyj, Fuling Global Inc., among others.
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