The global paper strawmarket is anticipated to grow at a significant CAGR of 20.6% during the forecast period. The rising demand for paper straws among various end-users such as foodservice and household, among others is driving the growth of the paper straw market. The demand of paper straws is increasing in the foodservice sector due to increasing awareness for the safe environment. Additionally, the government of several countries such as India, Pakistan, China, and others has also banned the use of plastic, which had resulted in significant rise in utilization and demand of paper straws. Several major companies are also inclined towards the launch of their own paper straws to support the environment protection. For instance, in June 2021, Nestlé Pakistan launched types of paper straws across its entire 180-250ml ready-to-drink packs. Nestlé Pakistan is the first food and beverage company to do so. The company has also planned to eliminate over 400 million plastic straws. In 2020, it has globally pledged to convert its packaging 100% recyclable and reusable by 2025.
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Due to the COVID-19 pandemic all the food services and manufacturing units were closed which impacted the paper straw market negatively. There was a huge reduction in the demand of non-essential services which eventually reduced the manufacturing and demand of the paper straw. Owing to the closure of manufacturing plants, population of developed regions including North America and Europe, among others had also suffered various issues in terms of job security. Thus, various government initiatives had been issued that aims to prevent population from such crisis by extending support manufacturing and other industries. For instance, in August 2021, post-second wave of COVID-19 the government of Wales, Europe granted unique Economic Resilience Fund (ERF) which has safeguard 70 important jobs against the economic effects of the pandemic at Europe’s largest producer of paper straws named Caerphilly based Transcend Packaging.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Paper strawMarket Report Segment
By Material
- Virgin paper
- Recycled paper
By Product
- Printed
- Non-Printed
By Application
- Household
- Foodservices
Global Paper strawMarket Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global paper straw market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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