Market Share of Paper Straw Industry
The market for paper straw is quite fragmented. UFlex Limited, Hoffmaster Group Inc., Fuling Global Inc., Canada Brown Eco Products Ltd, and Huhtamaki OYJ are among the major companies. The corporations continue to innovate and form strategic partnerships to maintain their market share.
In April 2022, Ulfex introduced its U-Shape Paper Straw, aimed to produce 100 million straws in the first month and 200 million in the following months. Ulfex also intended to create 2.4 billion straws every year.
Paper Straw Market Leaders
UFlex Limited
Hoffmaster Group Inc.
Transcend Packaging Ltd
Huhtamaki Oyj
Fuling Global Inc.
*Disclaimer: Major Players sorted in no particular order
