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Paper Straw Market Share

Report ID: GMI7313
Published Date: Nov 2023
Report Format: PDF

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Paper Straw Market Share

The players operating in the paper straw industry focus on implementing different growth strategies to strengthen their offerings and expand market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. The major players operating in the paper straw industry are:

Hoffmaster Group Inc.
Transcend Packaging Ltd.
Huhtamaki OYJ
Fuling Global Inc.
Canada Brown Eco Products Ltd.
Biopak
Tetra Pak International SA

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for paper straw was valued at over USD 2.3 billion in 2022 and is anticipated to grow at a CAGR of around 14.3% between 2023 and 2032, owing to the rising awareness about the environmental impacts of plastic straws including ocean pollution and harm to marine life.

The recycled paper segment is anticipated to register a CAGR of over 14% through 2032 as using recycled paper for straws reduces the demand for virgin materials, conserving forests and promoting a circular economy.

Europe dominated the global paper straw market with a share of over 35% in 2022. Many European businesses have embraced sustainability as a core value, which encourages companies to adopt eco-friendly practices including replacing plastic straws with paper alternatives.

Hoffmaster Group Inc., Transcend Packaging Ltd., Huhtamaki OYJ, Fuling Global Inc., Canada Brown Eco , Products Ltd., Biopak, and Tetra Pak International SA.