The global paper and plastic straws market size was worth around USD 2.37 billion in 2023 and is predicted to grow to around USD 4.22 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.75% between 2024 and 2032.
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Market Overview for Paper and Plastic Straws
The global demand for paper and plastic utensils has been increasing. Straws have become an indispensable component of cutlery and are employed extensively in diverse establishments, including restaurants, cafés, bars, and lounges. The most recent trend has been a shift toward non-plastic straws, as paper straws are environmentally favorable. The demand for paper straws is being substantially driven by the growing number of food outlets, and the food service industry is a significant consumer of these products. The demand for paper straws has increased globally as a result of a dynamic transition in consumer consumption patterns regarding food and beverages.
The study encompasses the drivers and restraints of the paper and plastic straws market, as well as their influence on demand during the forecast period. Furthermore, the report encompasses an examination of the global opportunities in the paper and plastic straws market.
An analysis of Porter’s Five Forces model and a competitive landscape have been incorporated into this report to provide users with a comprehensive understanding of the paper and plastic straws market. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
Growth Drivers of the Paper and Plastic Straws Market
The global paper and plastic straws market is anticipated to be significantly influenced by the growing popularity of eco-friendly straws. A significant number of international restaurant and café chains have announced their intention to replace plastic straws with eco-friendly paper straws in their establishments. For instance, McDonald’s and Starbucks have discontinued the use of plastic straws in all of their locations. Starbucks intends to eliminate plastic straws by 2020. Conversely, McDonald’s has recently disclosed that it will prohibit the use of plastic utensils in its restaurants in the United Kingdom and Ireland. This is anticipated to further facilitate the expansion of the global market for paper and plastic straws.
Nevertheless, the global paper and plastic straws market is anticipated to experience a slight decline in development due to the elevated cost of paper straws in comparison to plastic straws. It is anticipated that the increasing global awareness of the dangers posed by non-degradable products, such as plastic, will encourage consumers to choose eco-friendly paper straws. This is anticipated to open up new growth opportunities for the primary participants in the global paper and plastic straws market in the future.
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The Global Paper and Plastic Straws Market is segmented based on product, application and region
Global Paper and Plastic Straws Market: Product Segment Analysis
● Kraft Paper Straws
● Printed Paper Straws
● Plastic Straws
Global Paper and Plastic Straws Market: Application Segment Analysis
● Hotels
● Restaurants and Motels
● Bars and Lounges
● Cafes
● Others
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The Global Paper and Plastic Straws market profiles key players such as:
● Huhtamaki Group
● Tetra Pak International S.A.
● Aardvark Straws
● Biopac (UK) Ltd.
● Merrypak
● Ecopack
● Dynamec
● Stone Straw Limited
● Guangzhou Jiurong Packaging
● Guangzhou Guanlin Paper Products
● Gorlando Commodity
● Zhengzhou GStar Plastics
● HengYuePaper Products
Regional Overview of the Paper and Plastic Straws Market:
The historical and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa is included in the regional segment.
In 2023, the Asia Pacific region was the largest region in the global market for paper and plastic straws, with the highest market share in terms of both volume and revenue. This can be attributed to the growing demand for plastic and paper utensils in the region.
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