The paper straw market is anticipated to expand from USD 1.54 billion in 2022 to USD 3.80 billion by 2030, showcasing a compound annual growth rate (CAGR) of 13.80% over the forecast period spanning from 2022 to 2030.
The steadfast Paper straws Market report has provided crucial information about the elements that are impacting and driving the sales of the market. The section of competitive landscape keeps utmost importance in the report which consists of key market players functioning in the worldwide This industry. The report suggests that several macroeconomic factors such as gross domestic product (GDP) and the increasing inflation rate are expected to affect directly or indirectly in the development of the Paper straws Market. The market analysis report has been formulated with the proper research methodology and validated from the professionals and analysts to ensure the eminent quality reports.
A broad Paper straws Market report covers market parameters about the ABC industry. The report pinpoints on the leading market competitors with explaining company profile depending on SWOT analysis to illustrate the competitive nature of the market internationally. Even more, the report consists of market evolution, market shares, associations and level of investments with other leading companies, monetary settlements impacting the Paper straws Market in recent years are also analyzed. Global industry analysis report also provides insights about import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
Key Companies in the paper straw market include
- Huhtamäki Oyj
- Hoffmaster Group Inc.
- Biopac Ltd
- ECOPRO2
- The Paper Straw Co., among others
Regional segmentation of the market
The Paper Straws Market Size divides into regional markets: North America, Asia Pacific, Europe, and the Rest of the World. The North American region will dominate the Market share among all the market regions. This is the highest CAGR gaining market for 75 percent of North Americans. The paper straws market contributes to the leading producers of Paper Straws.
Key takeaways from the Paper straws market report:
- Detailed consideration of Paper straws market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
- Comprehensive valuation of all prospects and threats in the
- In-depth study of industry strategies for growth of the Paper straws market-leading players.
- Paper straws market latest innovations and major procedures.
- Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Paper straws market for forthcoming years.
Paper Straw Industry Developments
October 2019: Bio Straw Ltd. (UK) has been acquired by Transcend Packaging (UK). Transcend Packaging will receive all manufacturing assets currently owned by Bio Straw (UK). This tactical move will also increase the product's consumer base and strengthen straw manufacturing and marketing capacities.
April 2022: The first U-shaped paper straw manufacturing line in India has been announced by UFlex Limited, a flexible packaging material solution, and polymer science company, as part of its initiative to bring about a sustainable shift. The production line was set up at the company's Sanand, Gujarat, aseptic liquid packaging facility.
July 2022: The official launch of its U-shape paper straw solutions for the Indian market was announced by Lamipak, one of the leading providers of aseptic packaging products and services. By the third quarter of this year, Lamipak hopes to expand its capacity in Indonesia, where it currently operates a production line for U-shaped paper straw. When both paper straw production lines are fully operational, they will each produce 200 million straw each month, with an additional 100 million per month added in 2023.
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