Paper Straw Market Size (2024 - 2029)

Paper Straw Market Analysis

The Paper Straw Market size is estimated at USD 2.11 billion in 2024, and is expected to reach USD 4.98 billion by 2029, growing at a CAGR of 18.73% during the forecast period (2024-2029).

• The paper straw industry is expected to witness robust demand during the forecast period due to the packaging industry's transition from plastic products to sustainable, non-plastic alternatives. Notably, users have become environmentally conscious. Consequently, the use of paper straws at home, at events, for on-the-go beverages, foodservice outlets, in schools, institutions, and elsewhere has increased.
• The demand for biodegradable paper straws is increasing quickly due to the many governments across several nations implementing bans on single-use plastics, especially plastic drinking straws. With government regulations on single-use plastic, the demand for paper straws is expected to increase proportionately.
• Many global firms are constantly moving toward innovating products to provide their customers with 100% sustainable options. Recently, SIG India launched recyclable paper straws. It launched various recyclable paper straws with multiple dimensions, shapes, and applications. SIG's paper straws provide the best biodegradable, non-plastic alternative to plastic straws due to the huge environmental impact caused by plastic straws.
• The foodservice industry consumes a lot of paper straws, and due to increased food outlets, this industry is anticipated to proliferate. Global restaurants and food outlets have already started implementing new strategies to keep up with this cultural transition by developing new products that promote sustainability, wellness, and health.
• Businesses are abandoning plastic straws, and food wholesalers are seeking ecologically sound alternatives. However, the availability of a low-cost alternative and the high cost of paper straws may limit the market's expansion. According to Adam Merran, the CEO of PacknWood, a biodegradable food packaging company, paper straws cost roughly 2.5 cents, and plastic straws cost only 0.5 cents.

Paper Straw Industry Segmentation

Paper straws are becoming more prevalent in the current environment due to the expanding government restrictions on plastic straws and rising ecological consciousness. Paper straws are increasingly used instead of plastic since they are more environmentally friendly. Also, paper straws are typically seen as a healthier alternative to plastic straws because they do not contain potentially dangerous chemicals like BPA and phthalates. The market size reflects the revenue generated by paper straw manufacturers across end users, including foodservice, households, institutions, and others.

The paper straw market is segmented by material type (virgin paper and recycled paper), application (foodservice, households, institutions, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.