Paper Straws Market Size, Share, And Trends By Distribution Channel (Retailer, And E-Retailer), By End-User (Restaurants, Hotels, Cafes, Lounge, And Others), And Geography - Forecasts From 2019 To 2024

101 pages

Published on : Jun 2019

Report Code : KSI061612684

Description
Table Of Content
Companies Mentioned

Description

Global paper straw market is projected to expand at a CAGR of 15.53% over the forecast period to grow tUS$693.029 million by 2024 from US$291.463 million in 2018. Key industries driving the demand for paper straws are hotels, cafes, restaurant and lounges among others. Paper straws are eco-friendly and can be easily recycled. Further, the increasing awareness regarding harmful properties of plastic along with increasing demand for eco-friendly straws is expected to drive the market for paper straws. Further, various government rules and regulations regarding ban of plastic across various regions around the globe is anticipated to create growth opportunities for paper straws market. Furthermore, the growing food and beverage industry along with increasing preference for take away food is anticipated to boost the food packaging demand providing growth opportunities for the paper straw market.

DRIVERS

Increasing awareness regarding environment

Growing food and beverage industry

RESTRAINTS

Budget constraint for SME’s

INDUSTRY UPDATES

In August 2018, Hoffmaster Group, Inc., a leading U.S. manufacturer of premium disposable tableware, acquired Aardvark Straws, the sole U.S. producer of paper straws.

The major players profiled in the paper straws market include Hoffmaster Group Inc., Biopak pty ltd., U.S. Paper Straw, Okstraw, Vegware Ltd., TIPI Straws, Sharp Serviettes, Canada Brown EcProducts Ltd, AlecIndustrial Co., Ltd, and YIWU JinDong Paper Co., Ltd.,

Segmentation

The paper straws market has been analyzed through the following segments:

By Distribution Channel

Retailer

E-Retailer

By End-User

Restaurants

Hotels

Cafes

Lounge

Others

By Geography