The Europe Paper Straw Market would witness market growth of 17.4% CAGR during the forecast period (2023-2030).
Plastic straws are replaced with paper straws, yet paper straw machines are far less efficient than plastic straw machines. The capacity of paper straw machines will soon be increased each minute, which excites the manufacturers. Leading companies in the packaging sector can produce more straws every hour by using effective, fast machinery. Consequently, producers should improve their production capacity regarding paper imports and machine utilization to fulfill customer demands and replace plastic straws. The market is anticipated to be significantly impacted by increased use of high-speed machines.
Manufacturers provide a broad choice of paper straws with various patterns, lengths, and diameters to diversify product offers and boost the customer attractiveness of any product. Manufacturers are adjusting their strategy to take full advantage of the potential development prospects in the coming years as corporations prohibit plastic straws. In order to employ straws as an eye-catching branding tool for the packaging sector, brand owners are personalizing them with company logos and taglines. The expansion of the market is anticipated to be fueled by key marketing methods used by brand owners in the food service sector.
The hospitality & tourism industry is one of the highest revenue-generating industries in the region, which contributes £66 billion in GVA and employs about 3 million people. Moreover, 45% of those working in the hospitality and tourism industry are in positions where good customer service is determined more by staff behavior than by high levels of technical proficiency. Besides this, Germany also has a well-established restaurant industry with several highly recognized franchise outlet setups. The flourishing hospitality sector of the region is predicted to result in increased serving of beverages, which raises demand for paper straws.
The Germany market dominated the Europe Paper Straw Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1.0 billion by 2030. The UK market is estimated to witness a CAGR of 16.4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 18.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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