Paper Straw Market by Material and Geography - Forecast and Analysis 2022-2026
| Published: Sep 2022 | Pages: 115 | SKU: IRTNTR74511 |
The Paper straw market is projected to grow by USD 1.22 billion with a CAGR of 22.6% during the forecast period 2021 to 2026.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by material (virgin paper straw and recycled paper straw) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The market report also offers information on several market vendors, including BioPak Pty Ltd., Bygreen, Canada Brown Eco Products Ltd, Footprint, GP Alliance Sdn Bhd, Hoffmaster Group Inc., Huhtamaki Oyj, Jinhua Suyang Plastic Production Co. Ltd., Lollicup USA Inc., MPM Marketing Services, Novolex Holdings LLC, OkStraw Paper Straws, Sharp Serviettes, Shenzhen Grizzlies Industries Co. Ltd., Soton Daily Necessities Co., Ltd. Y.W., Tetra Laval S.A., The Paper Straw Co., Transcend Packaging Ltd., YuTong Eco Technology (SuQian) Co. Ltd., and Hello Straw B.V among others.
What will the Paper Straw Market Size be During the Forecast Period?
Get the Paper Straw Market Size Forecast by Downloading the Report Sample
Paper Straw Market: Key Drivers, Trends, and Challenges
The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market.
Key Paper Straw Market Driver
The growth of the global commercial beverage dispenser market is one of the factors driving the market growth. The growing popularity of placing beverage dispensers in commercial places such as offices and malls by manufacturers of branded beverages is boosting the sales volume of beverages. Some beverage dispensers have attached disposable paper straws for the customer's convenience. North America and Europe are mature markets for beverage dispensers, and APAC is a developing region that is expected to witness high growth opportunities, mainly due to the growth of the organized retail channel. This growth in the global commercial beverage dispenser market is expected to drive the demand for disposable paper straws during the forecast period.
Key Paper Straw Market Trend
The adoption of eco-friendly materials is one of the key market trends fueling market growth. The demand for paper straws is growing, owing to the increase in demand from various end-user industries such as food and beverage. However, the food and beverage industry needs to ensure compliance with sustainable production processes and the use of safe materials to ensure consumers' health and proper waste disposal. This has resulted in a rise in the use of eco-friendly materials, such as paper, bamboo, and others. Thus, the rise in the use of eco-friendly materials for manufacturing straws is expected to drive the growth of the market in focus during the forecast period.
Key Paper Straw Market Challenge
The volatility of raw material prices is one of the factors challenging market growth. As the fluctuations in raw material prices have a direct impact on the cost of production of paper straws, vendors face uncertainties regarding their profit margins. Vendors are facing serious problems due to increasing energy and freight prices and shortages of raw materials. In most instances, high raw material prices and inaccessibility of raw materials have a direct impact on the profit margins of the vendors. This is due to the dependence of major vendors on a single supplier. Such factors are expected to negatively impact the growth of the market during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global paper straw market as a part of the global paper products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Who are the Major Paper Straw Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- BioPak Pty Ltd.
- Bygreen
- Canada Brown Eco Products Ltd
- Footprint
- GP Alliance Sdn Bhd
- Hoffmaster Group Inc.
- Huhtamaki Oyj
- Jinhua Suyang Plastic Production Co. Ltd.
- Lollicup USA Inc.
- MPM Marketing Services
- Novolex Holdings LLC
- OkStraw Paper Straws
- Sharp Serviettes
- Shenzhen Grizzlies Industries Co. Ltd.
- Soton Daily Necessities Co., Ltd. Y.W.
- Tetra Laval S.A.
- The Paper Straw Co.
- Transcend Packaging Ltd.
- YuTong Eco Technology (SuQian) Co. Ltd.
- Hello Straw B.V
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- papers-straw.com - YuTong Eco Technology (SuQian) Co. Ltd. offers paper straws to many leading international quick-service restaurant brands.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Paper Straw Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the paper straw market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Paper Straw Market?
Get a glance at the market share of various regions by Requesting a PDF Sample now!
33% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the market in North America. Market growth in this region will be faster than the growth of the market in Europe.
The US Food and Drug Administration (FDA) has passed several certifications and regulatory standards for food industry products, which makes food manufacturers opt for bio-degradable straws. This, in turn, will facilitate the market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 adversely impacted regional market growth. However, in 2021, the initiation of large-scale vaccination drives and other government initiatives resulted in the relaxation of lockdown restrictions and the resumption of normal business operations. Thus, the growth will normalize as people will be encouraged to opt for recyclable options, which is expected to drive the growth of the market during the forecast period.
What are the Revenue-generating Material Segments in the Paper Straw Market?
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The market share growth in the virgin paper straw segment will be significant during the forecast period. Virgin paper is produced exclusively from the pulp of pine, spruce, or fir wood without any addition of recycled material. Important drivers of the virgin paper straw segment in the global market during the forecast period are increasing urbanization and the increased demand for virgin paper straws in the food and beverage industry. Thus, increasing awareness among the population regarding the use of plastic straws and the environmental benefits of paper straws is fueling the growth of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
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Paper Straw Market Scope |
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|
Report Coverage |
Details |
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Page number |
115 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 22.6% |
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Market growth 2022-2026 |
$1.22 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
22.2 |
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Regional analysis |
North America, Europe, APAC, the Middle East and Africa, and South America |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, Canada, China, India, Germany, and Italy |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
BioPak Pty Ltd., Bygreen, Canada Brown Eco Products Ltd, Footprint, GP Alliance Sdn Bhd, Hoffmaster Group Inc., Huhtamaki Oyj, Jinhua Suyang Plastic Production Co. Ltd., Lollicup USA Inc., MPM Marketing Services, Novolex Holdings LLC, OkStraw Paper Straws, Sharp Serviettes, Shenzhen Grizzlies Industries Co. Ltd., Soton Daily Necessities Co., Ltd. Y.W., Tetra Laval S.A., The Paper Straw Co., Transcend Packaging Ltd., YuTong Eco Technology (SuQian) Co. Ltd., and Hello Straw B.V |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Paper Straw Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the paper straw industry across North America, Europe, APAC, the Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Material
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Material
- 5.1 Market segments
- Exhibit 24: Chart on Material - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Material - Market share 2021-2026 (%)
- 5.2 Comparison by Material
- Exhibit 26: Chart on Comparison by Material
- Exhibit 27: Data Table on Comparison by Material
- 5.3 Virgin paper straw - Market size and forecast 2021-2026
- Exhibit 28: Chart on Virgin paper straw - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Virgin paper straw - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Virgin paper straw - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Virgin paper straw - Year-over-year growth 2021-2026 (%)
- 5.4 Recycled paper straw - Market size and forecast 2021-2026
- Exhibit 32: Chart on Recycled paper straw - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Recycled paper straw - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Recycled paper straw - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Recycled paper straw - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Material
- Exhibit 36: Market opportunity by Material ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 Italy - Market size and forecast 2021-2026
- Exhibit 74: Chart on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Italy - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Italy - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Bygreen
- Exhibit 93: Bygreen - Overview
- Exhibit 94: Bygreen - Product / Service
- Exhibit 95: Bygreen - Key offerings
- 10.4 Canada Brown Eco Products Ltd
- Exhibit 96: Canada Brown Eco Products Ltd - Overview
- Exhibit 97: Canada Brown Eco Products Ltd - Product / Service
- Exhibit 98: Canada Brown Eco Products Ltd - Key offerings
- 10.5 Footprint
- Exhibit 99: Footprint - Overview
- Exhibit 100: Footprint - Product / Service
- Exhibit 101: Footprint - Key offerings
- 10.6 Hoffmaster Group Inc.
- Exhibit 102: Hoffmaster Group Inc. - Overview
- Exhibit 103: Hoffmaster Group Inc. - Product / Service
- Exhibit 104: Hoffmaster Group Inc. - Key offerings
- 10.7 Huhtamaki Oyj
- Exhibit 105: Huhtamaki Oyj - Overview
- Exhibit 106: Huhtamaki Oyj - Business segments
- Exhibit 107: Huhtamaki Oyj - Key news
- Exhibit 108: Huhtamaki Oyj - Key offerings
- Exhibit 109: Huhtamaki Oyj - Segment focus
- 10.8 Lollicup USA Inc.
- Exhibit 110: Lollicup USA Inc. - Overview
- Exhibit 111: Lollicup USA Inc. - Product / Service
- Exhibit 112: Lollicup USA Inc. - Key offerings
- 10.9 Shenzhen Grizzlies Industries Co. Ltd.
- Exhibit 113: Shenzhen Grizzlies Industries Co. Ltd. - Overview
- Exhibit 114: Shenzhen Grizzlies Industries Co. Ltd. - Product / Service
- Exhibit 115: Shenzhen Grizzlies Industries Co. Ltd. - Key offerings
- 10.10 Soton Daily Necessities Co., Ltd. Y.W.
- Exhibit 116: Soton Daily Necessities Co., Ltd. Y.W. - Overview
- Exhibit 117: Soton Daily Necessities Co., Ltd. Y.W. - Product / Service
- Exhibit 118: Soton Daily Necessities Co., Ltd. Y.W. - Key offerings
- 10.11 Transcend Packaging Ltd.
- Exhibit 119: Transcend Packaging Ltd. - Overview
- Exhibit 120: Transcend Packaging Ltd. - Product / Service
- Exhibit 121: Transcend Packaging Ltd. - Key offerings
- 10.12 YuTong Eco Technology SuQian Co. Ltd.
- Exhibit 122: YuTong Eco Technology SuQian Co. Ltd. - Overview
- Exhibit 123: YuTong Eco Technology SuQian Co. Ltd. - Product / Service
- Exhibit 124: YuTong Eco Technology SuQian Co. Ltd. - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 125: Inclusions checklist
- Exhibit 126: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 127: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 128: Research methodology
- Exhibit 129: Validation techniques employed for market sizing
- Exhibit 130: Information sources
- 11.5 List of abbreviations
- Exhibit 131: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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paper straw market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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