The global paper straws market size was valued at $ 1.51 billion in 2023. The market is expected to grow to $2.23 billion by 2030, exhibiting a CAGR of 5.75% during the forecast period . This increase can be attributed to the surge in demand for the product due to government bans on the use of single-use plastics.
This information is found in Fortune Business Insights™ research report titled "Paper Straw Market, 2024-2030."
Intelligence source: https://www.fortunebusinessinsights.com/paper-straw-market-107149
List of Major Players Profiled in the Paper Straw Market Report:
segment:
Rising demand for high-quality straws leads to a surge in virgin paper sector share
Based on material, the paper straws market is divided into recycled paper and virgin paper. The virgin paper segment is expected to register considerable growth during the forecast period. Such expansion is attributed to the increased technological developments in the process of pure fiber production.
The printed paper sector recorded growth that was praised for its customizability.
Based on product, the market is segmented into non-print and print. The print segment is estimated to register a substantial surge during the forecast period. Such surge can be attributed to the increasing adoption of the product in food service establishments.
The foodservice sector will gain traction due to surging product demand.