Paper Straws Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030

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Paper Straws Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030

Status : December, 2021 | Packaging

Report Digest

Paper Straws Market: Overview

An increasing shift from plastics to paper packaging materials in food service industries has been crucially driving evolution of the paper straws market. Paper straws are fast gaining steam in restaurants, bars and lounges, and soda shops, and various other popular beverages outlet chains. Their eco-friendliness over plastics straws is also underpinned by government norms to discourage the use of single-use plastics in the food services industry. Key materials used by manufacturers in the paper straws market are virgin kraft paper and recycled paper. As consumers become more cautious about the packaging choices they make in daily life, paper straws are likely to garner attention and shares among manufacturers, distributors, retailers, and e-retail. Key end-use applications apart from food services are institutional and household consumer segments.

The study on the paper straws market offers a detailed assessment of key growth dynamics pertaining to end-consumer taste and diet patterns. The authors strive to scrutinize economic, regulatory, and natural environments influencing the product development lifecycles. The study also takes a closer look at some of the recent advances in the packaging methods that are broadening the avenue for investments in the market.

Paper Straws Market: Key Trends

A key driver for the paper straws market is the adoption of earth-friendly packaging options in the food services industry. The adverse environmental impacts that disposal of single-use plastics have made in recent decades has spurred the popularity of more sustainable packaging. Over the past few years. the increasing trend of people dining out has gained momentum on the back of changing lifestyles of people living in urban spaces, especially in developing economies.

The high cost of paper over plastics is one of the key factors that has substantially dampened the demand for paper straws among food services institutions, since restaurants don’t find the widespread adoption of paper straws cost-effective. However, the use of recyclable materials in paper straws will continue to magnify the environmental-friendliness of such packaging materials. Also, advances in production processes will help paper straw manufactures to achieve economies of scale, thereby boosting the profitability of mass adoption of paper straws among end-consumers.

Paper Straws Market: Competitive Dynamics and Key Developments

Numerous big players aspiring for larges stakes in the paper straws market are engaging in mergers and acquisition to consolidate the supplier networks. Makers of cups are increasing their stakes in the packaging companies operating in the paper straws market to penetrate new geographies. Focus on new product developments will also help top players retain their competitive stronghold in the global market. Additionally, food brands expanding their retail chains in developing countries might make these economies emerging markets in the near future.

Some of the key participants in the paper straws market are;

  • GP Paper Straw Sdn Bhd
  • Sharp Serviettes
  • Zhengzhou Gstar Plastics Co., Ltd
  • Aleco Straws Co. Ltd.
  • MPM Marketing Services Pty Ltd.
  • TIPI Straws, Footprint LLC
  • Austraw Pty Ltd

Paper Straws Market: Regional Assessment

A rapidly expanding food services industries in some of the emerging economies in Asia makes Asia Pacific a potentially attractive region for key players operating in the paper straws market. Top players are eyeing new avenues and to capture the consumer value they are expanding their distribution channels. Additionally, several packaging companies are putting their bets on paper-based cutleries. These cutleries are gathering steam among consumers and also among food and beverages brands.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?