Paper Straw Market Paper Straw Market share of around 10% | Page 2

Paper Straw Market Research Report - Global Forecast till 2024
Global Paper Straw Market Research Report: Information by Type (Flexible and Non-Flexible), End-Use
(Household and Commercial) and Region (North America, Europe, Asia-Pacific and Rest of the World) -
Forecast till 2024
Paper Straws Market is projected to be valued at USD 2.44 Billion by 2024 at a CAGR of 12.61% from 2019
to 2024. The market has registered over 40% growth since 2010. Paper straws are generally sold in a variety
of colors and patterns such as polka dots or festive foil. Moreover, manufacturers are producing paper drinking
straws with high durability. Being a plant-based product, paper decomposes quickly as compared to plastic.
Paper Straws Market USP
Negative environmental impact of using plastic straws in terms of disposal and toxic materials
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Paper Straws Market Growth Opportunities in the Market
• Rising demand for soft straws among the elderly and motor-impaired: Paper straws are a safe
alternative to conventional straws as they lower the risk of injury caused by harder straws such as
plastic, glass, and metal. Increasing concerns among the elderly and motor-impaired population are
influencing established foodservice outlets to withdraw the use of plastic straws and replace them with
paper straws. The rising demand for soft straws is directly influencing the sales of paper straws across
the globe.
• Increasing number of cafés and foodservice chains: In 2018, quick-service restaurants (QSRs) and
casual and fine dining restaurants accounted for about 75% of the global restaurant and foodservice
industry. Furthermore, cafés & bakery and pubs, clubs, bars, and lounges (PBCL) accounted for about
10%, while institutional catering and kiosks held the remaining 15% share of the global restaurant and
foodservice industry. The number of food outlets is anticipated to increase by more than 12% during
the forecast period. This is directly impacting the growth of the global paper straws market. For instance,
Starbucks has started to phase out plastic straws at a rate of 1 billion plastic straws per year from its
retail stores. Similarly, other food chains such as McDonald's, All Bar One, Wetherspoon, Pizza
Express, Wagamama, and Nando's and hotels such as Marriott International have initiated the removal
of plastic straws from circulation and introduced straw-less service or biodegradable straws including
paper variants.
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8510
Leading Key Players
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Huhtamäki Oyj (Finland)
Hoffmaster Group, Inc. (US)
Biopac Ltd (UK)
ECOPRO2 (US)
The Paper Straw Co. (UK)
Bygreen (Eco-Straw) (Australia)
Footprint, LLC (UAE)
OkStraw Paper Straws (US)
Transcend Packaging Ltd (UK)
Strawland (Indonesia)
TIPI Straws (UK)
Canada Brown Eco Products Ltd (Canada)
Aleco Industrial Co., Ltd (China)
Tetra Pak International S.A. (Switzerland)
Sharp Serviettes (New Zealand)
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