The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Paper straw market is likely to witness an impressive CAGR of 22.9% during the forecast period. The increasing demand for paper straw is mainly due to its usage in various applications such as foodservice, institutional, and household industries, which is a key driving factor bolstering the growth of the paper straw market across the world.
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Segment Analysis
Paper Straw Market Share: By Material Type
Based on the material type, the market is segmented as virgin paper and recycled paper. The virgin paper segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Straws made by virgin paper are reliable, strong, have higher absorbency rates, and are of better quality and more effective, which decreases wastage, as consumers do not have to use more than one straw for a single-use.
Paper Straw Market Share: By Product Type
Based on the product type, the market is segmented as printed and non-printed. The non-printed segment is expected to remain dominant as well as the faster-growing segment during the forecast period owing to the harmful effects of printed straws, as it leaves some effluents of ink and dye in the consumables, which is the major reason for the increasing demand for non-printed straws.
Paper Straw Market Share: By Straw Length Type
Based on the straw length type, the market is segmented as <5.75 inches, 5.75-7.75 inches, 7.75-8.5 inches, 8.5-10.5 inches, and >10.5 inches. The 7.75-8.5 inches segment is expected to remain dominant in the market during the forecast period. 7.75 inches is the most preferred and standard length of straws which is used in most of the applications. The ideal length for regular glasses and cups used for soda, cocktails, smoothies, iced tea, milkshakes, and bubble tea is around 7 inches.
Paper Straw Market Share: By Application Type
Based on the application type, the paper straw market is segmented as foodservice, hotels, institutional, and household. The foodservice segment leads the market owing to avoidance or ban of the use of plastic straws and other single-use disposable items, which is contributing to the adoption of eco-friendly alternatives for single-use disposable products.
Paper Straw Market Share: By Region
In terms of regions, Europe is estimated to be the fastest growing paper straw market during the forecast period, with Germany and the UK being the major countries owing to, huge usage of straws in the foodservice industry in European countries. The paper straw market is mainly driven due to stringent regulations of regarding ban on single-use plastic disposals and to decrease the impact of plastics from environment.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Paper Straw Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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