Global Paper and Plastic Straws Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
"Global Paper and Plastic Straws Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global Paper and Plastic Straw's market report have been segmented on the basis of type, end user, and region.
Global Paper and Plastic Straws Market: Overview
Paper and plastic straws are part of the essential components at all food service and fast food restaurants outlets. They are widely used in cars, cafes, quick service restaurants, lounges, roadside eateries, and in residential houses and apartments. Paper and plastic straws offer a disposable and convenient solution for drinking numerous beverages.
Global Paper and Plastic Straws Market: Dynamics
An increasing number of international restaurants and café chains is a major factor expected to drive growth revenue in the global market over the next 10 years. In addition, rising demand for on-the-go consumer’s beverages, higher disposable income level, rapidly growing food & beverages sector, changing taste and preferences of consumers are among some of the other factors expected to drive the demand for paper and plastic straws market. Furthermore, increasing demand for eco-friendly, natural & organic and reusable straws, and growing preference of consumers towards the higher usage of the environment - friendly products are some of another factor expected to drive the growth of the market to a certain extent. However, the availability of alternative products is the main factor that may restrain the growth in term of revenue in the global paper and plastic straws market.
Global Paper and Plastic Straws Market: Segment Analysis
Among the end user segments, the cafes segment is expected to register a majority revenue share in the global market. This is due to, increasing urbanization, improved living standards, higher disposable incomes, and an increasing number of specialty coffee shops across the globe.
Global Paper and Plastic Straws Market: Trends
In recent time, many companies are switching to paper straws instead of plastic straw due to the changing preferences of customers for an eco-friendly alternative product.
For instance, Starbucks Corporation, which is a US-based company and coffeehouse chain announced to eliminate plastic drinking straws from all locations by the end of 2020. Customers and manufacturer have come up with newer alternatives to paper and plastic straws such as stainless steel straws, bamboo straws, straw straws, glass straws, and no straws.
The aforementioned are some of the key trends witnessed in the target market.
Global Paper and Plastic Straws Market: Region Analysis
The market in North America is projected to register for the significantly higher revenue share in the global market, followed by the market in Europe. This is due to, increasing demand for paper and plastic straws in the US and Canada. Revenue from the Asia Pacific paper and plastic straws market is anticipated to grow at a higher CAGR in the upcoming years. This is primarily attributed to an increasing number of manufacturers and retailers in countries of Asia Pacific and increasing the awareness about organic beverages among consumers in countries such as India, China, many others.
Global Paper and Plastic Straws Market Segmentation
Segmentation by type:
- Kraft Paper Straws
- Printed Paper Straws
- Plastic Straws
Segmentation by end user:
- Restaurants and Motels
- Bars and Lounges
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Huhtamaki Group
- Tetra Pak International S.A
- Aardvark Straws, Biopac (UK) Ltd.
- EcoPack Limited
- Stone Straw Limited
- Guangzhou Fungchoi Packing Co., Ltd.
- Guangzhou Bingxin Paper Industry Co. Ltd.
- Zhengzhou G Star Plastics Co. Ltd.
- Jinhua Heng Yue Paper Products Co., Ltd.
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