Market Size of Paper Straw Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.05 Billion |
| Market Size (2029) | USD 5.52 Billion |
| CAGR (2024 - 2029) | 21.93 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Paper Straw Market Analysis
The Paper Straw Market size is estimated at USD 2.05 billion in 2024, and is expected to reach USD 5.52 billion by 2029, growing at a CAGR of 21.93% during the forecast period (2024-2029).
The increasing demand for paper straw papers across various end-user industries is anticipated to fuel market expansion.
- The growing demand for environment-friendly products is the key factor driving the market's growth. There are various government initiatives to reduce plastic use and stringent laws that restrict using conventional plastic materials in the production of utensils. Typically, paper materials are adaptable, changeable, light, strong, and recyclable. They can be made in a wide range of colors, forms, and sizes to satisfy the client's needs. The rapidly growing global food and beverage industry is acting as another growth-inducing factor.
- However, the high cost associated with paper straws and the availability of the low price substitute can hinder the market's growth. According to PacknWood, paper straws cost about USD 0.025, which is significantly higher than USD 0.005 for plastic straws.
- The COVID-19 pandemic has had a complex effect on the paper straw industry. The supply and demand of paper straws in the market were affected by the closure of food service establishments and restaurants and a disruption in supply chain management. However, the rising trend in online food ordering and the growing demand for paper straws in hospitals for the intake of liquid medications are driving paper straw sales.
