The Asia Pacific Paper Straw Market would witness market growth of 18.6% CAGR during the forecast period (2023-2030).
With the addition of many restaurants, hotels, catering services, food wagons, and food stalls serving millions of people over the last ten years, the food and beverage sector has seen substantial expansion and quick development. As a result, the usage of paper straws in the food and beverage sector has increased significantly. Technology developments have given rise to online meal delivery services, helping the paper straw business expand significantly.
Since plastic items cannot biodegrade, numerous governments have made plans to prohibit their usage since they have increased pollution over the previous few decades. For paper-based straws, this circumstance is likely to provide new possibilities. Furthermore, the popularity of paper straws in many end-use categories is anticipated to be boosted by rising consumer awareness of the negative environmental effects of plastic goods.
Paper straws may be found in a broad range of lengths, diameters, and thicknesses to suit a purpose, much like plastic straws. They may be used for more than just sipping basic beverages; they can also be used to devour sweets like cake pops, cotton candy, or even balloons.
The booming food and hotel sectors in the area, the quickly growing food service sector, the rise in food service outlets, and a number of other favorable variables are all associated with the market expansion. As people become more aware of the advantages of adopting eco-friendly items, paper straws may become more and more popular in emerging nations like China and India. Consequently, it is anticipated that the APAC region would see rapid expansion in the market.
The China market dominated the Asia Pacific Paper Straw Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1.6 billion by 2030. The Japan market is anticipated to grow at a CAGR of 17.9% during (2023 - 2030). Additionally, The India market would register a CAGR of 19.4% during (2023 - 2030).
Based on Type, the market is segmented into Non-flexible and Flexible. Based on End Use, the market is segmented into Foodservice, Institutional and Household. Based on Material Type, the market is segmented into Virgin Paper and Recycled Paper. Based on Product Type, the market is segmented into Non-printed and Printed. Based on Length, the market is segmented into 7.75-8.5 inches, 8.5-10.5 inches, 5.75-7.75 inches, <5.75 inches and >10.5 inches. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Paper Straw Market is Projected to reach USD 16.1 Billion by 2030, at a CAGR of 18.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hoffmaster Group, Inc., Transcend Packaging Ltd., Huhtamaki Oyj, Footprint, Fuling Technology Co., Ltd., Bygreen, Biopak (Duni AB), Canada Brown Eco Products Ltd., ALECOSTRAWS.
By Type
By End Use
By Material Type
By Product Type
By Length
By Country
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