Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.37 Billion | USD 4.22 Billion | 6.75% | 2023 |
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.
The demand for paper and plastic straws has been on the rise across the globe. Straws have become an important part of cutlery and are widely used in restaurants, cafes, bars, lounges, etc. The latest inclination toward non-plastic straws has increased as paper straws are eco-friendly in nature. The food service industry is a significant consumer of paper straws, and an increasing number of food outlets is driving the demand for paper straws significantly. There has been a dynamic shift in the consumer consumption pattern related to food and beverages, which has increased the demand for paper straws globally.
The study includes drivers and restraints of the paper and plastic straws market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the paper and plastic straws market on a global level.
In order to give the users of this report a comprehensive view of the paper and plastic straws market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research& development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the product portfolio of various companies.
The increasing use of eco-friendly straws is expected to be the majorly driving the global paper and plastic straws market. A large number of international restaurants and café chains have announced their decision to remove plastic straws from their outlets and replace them with eco-friendly paper straws. For example, Starbucks and McDonald’s have phased out the use of plastic straws across all their outlets. Starbucks plans to phase out plastic straws by 2020. On the other hand, McDonald’s recently announced that it will ban plastic straws at its U.K. and Ireland restaurants. This is expected to further aid the growth of the global paper and plastic straws market. However, the high cost of paper straws as compared to plastic straws is expected to slightly restrain the growth of the global paper and plastic straws market. The global awareness regarding the reduction of non-degradable products, such as plastic, and the threats posed by these materials are expected to persuade the consumers to opt for eco-friendly paper straws. This is expected to provide new growth avenues for the key players operating in the global paper and plastic straws market in the future.
The study provides a decisive view of the paper and plastic straws market by segmenting the market based on product type, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on type, the global paper, and plastic straws market includes kraft paper straws, printed paper straws, and plastic straws.
By end-user, the global paper and plastic straws market is segmented into hotels, restaurants and motels, bars and lounges, cafes, and others.
Report Attributes | Report Details |
---|---|
Report Name | Paper and Plastic Straws Market Research Report |
Market Size in 2023 | USD 2.37 billion |
Market Forecast in 2032 | USD 4.22 billion |
Growth Rate | CAGR of 6.75% |
Number of Pages | 110 |
Key Companies Covered | 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, and HengYuePaper Products. |
Segments Covered | By Type,By end-user, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segment includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Asia Pacific was the largest region for paper and plastic straws market in 2023 globally and accounted for the highest market share in terms of both revenue and volume. This can be attributed to the increasing demand for paper and plastic straws across the region.
Some key players operating in the global paper and plastic straws market include:
Global Paper and Plastic Straws Market: Type Analysis
Global Paper and Plastic Straws Market: End-User Analysis
Global Paper and Plastic Straws Market: Regional Analysis
FrequentlyAsked Questions
Paper straws are drinking straws made from biodegradable paper. They are designed to be environmentally friendly and decompose more quickly than plastic straws.
Plastic straws are drinking straws made from various types of plastic, such as polypropylene or polystyrene. They are widely used due to their durability and low cost but are not biodegradable.
According to study, 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.
The CAGR value of Paper and Plastic Straws Market is expected to be around 6.75% during 2024-2032.
Asia Pacific has been leading the global Paper and Plastic Straws Market and is anticipated to continue on the dominant position in the years to come.
The global Paper and Plastic Straws Market is led by players like 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, and HengYuePaper Products.
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