The global paper straw industry size was valued atUSD 1.51 billion in 2023. The industry is set to grow from USD 1.58 billion in 2024 to USD 2.69 billion by 2032, exhibiting a CAGR of 6.86% over the forecast period. The rise can be credited to the surging product demand on account of government ban on single-use plastics.

This information is provided by Fortune Business Insights™ in its research report, titled “Paper Straw Industry, 2024-2032”.

Top Key Companies Covered in the Paper Straw Industry:

• Fueling Technology (China)
• Footprint (U.S.)
• Charta Global (U.S.)
• Canada Brown Eco Products Ltd (Canada)
• Huhtamaki Oyj (Finland)
• Hoffmaster Group Inc. (U.S.)
• Transcend Packaging (U.K.)
• Duni Group (BioPak) (Sweden)
• Nippon Paper Industries Co., Ltd. (Japan)
• Focus Technology Co., Ltd. (China)

Informatio Source: https://www.fortunebusinessinsights.com/paper-straw-industry-107149

Segments:

Virgin Paper Segment Share to Surge Owing to Growing Demand for High Quality Straws

On the basis of material, the industry for paper straw is segmented into recycled paper and virgin paper. The virgin paper segment is expected to record appreciable growth over the forecast period. The expansion can be credited to the increase in technological advancements in the process of producing virgin fiber.

Printed Paper Segment to Register Commendable Growth Due to Customizability

Based on product, the industry is fragmented into non-printed and printed. The printed segment is estimated to register a substantial surge throughout the projected period. The surge can be attributed to the increasing product adoption in foodservice outlets.