Global Recycled Paper Straw Market, By Product (Printed, Non-Printed), Length (10.5 Inches), Diameter (0.4 Inches), End Use Application (Foodservice, Institutional, Household), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights of Recycled Paper Straw Market
Data Bridge Market Research analyses that the recycled paper straw market will project a CAGR of 26.40% for the forecast period of 2022-2029. Rising focus on the packaging product innovations and technological advancements by the manufacturers, growth and expansion of packaging industry especially in the developing economies such as India and China, surging demand for innovative packaging solutions that are developed with advanced and innovative methods of manufacturing, increasing awareness about the benefits of using eco-friendly packaging materials and increased personal disposable income are the factors driving the growth of recycled paper straw market. Therefore, the market value would stand tall by USD 2059.03 million by 2029.
From the name itself, it is clear that recycled paper straws are used to suck the liquids. The manufacturing process of paper straws is different from that of plastic straws. While manufacturing, the paper piles are bonded with water based adhesives or hot melt adhesives. Paper is generally recycle in nature and is an eco-friendly material. The recyclable paper straws are available in a wide range of shapes and designs via both online and offline modes of distribution.
Rising urbanization, modernization, and globalization is driving the growth in the recycled paper straw market value. Growing product innovations by the manufacturing industry in terms of, stringent regulations imposed by the government on the application of plastic and growing awareness about the harmful effects of plastic on the environment and surging development in the flexible packaging solutions will further induce growth in the recycled paper straw market value. Surging research and development proficiencies, growing focus of the manufacturers on minimize the production cost without compromising with the quality, surging demand from the food and beverages industry, surging number of restaurants, hotels, food stalls, food wagons and catering services, growing technological advancements in the packaging equipment and technology to accommodate a diversified range of products and increased proliferation of e-commerce industry are some other recycled paper straw market growth determinants.
However, supply chain disruptions owing to the covid-19 pandemic will create hindrances for the recycled paper straw market growth rate. Fluctuations in the prices of raw materials and complexities associated with the recycling process will further dampen the recycled paper straw market growth rate. Issues with absorption and compressive strength will hamper the recycled paper straw market growth rate.
This recycled paper straw market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on recycled paper straw market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Recycled Paper Straw Market Scope and Market Size
Global recycled paper straw market is segmented on the basis of product, length, diameter and end use application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the recycled paper straw market is segmented into printed and non-printed.
- On the basis of length, the recycled paper straw market is segmented into <5.75 inches, 5.75-7.75 inches, 7.75-8.5 inches, 8.5-10.5 inches and >10.5 inches.
- On the basis of diameter, the recycled paper straw market is segmented into <0.15 inches, 0.15 – 0.196 inches, 0.196 – 0.25 inches, 0.25 – 0.4 inches and >0.4 inches.
- On the basis of end use application, the recycled paper straw market is segmented into foodservice, institutional and household.
Recycled Paper Straw Market Country Level Analysis
The global recycled paper straw market is analysed and market size insights and trends are provided by country, product, length, diameter and end use application as referenced above.
The countries covered in the recycled paper straw market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific will score the highest growth rate owing to the growing number of manufacturing industries, mushrooming consumer crater of packaged goods, growth and expansion of various end user verticals, rapid industrialization, surging restrictions on the use of plastic by governments across various countries, growing product awareness in the region and increased personal disposable income.
The country section of the recycled paper straw market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Recycled Paper Straw Market Share Analysis
The recycled paper straw market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to recycled paper straw market.
Some of the major players operating in the recycled paper straw market Hoffmaster Group, Inc., Transcend Packaging, Footprint., Huhtamäki Oyj, BYGREEN, ROYAL PAPER INDUSTRIES, Canada Brown Eco Products Ltd, Charta Global, SOTON DAILY NECESSITIES CO., LTD.Y.W., Focus Technology Co., Ltd., YuTong Eco-Technology (SuQian) Co., Ltd, ALECO INDUSTRIAL CO., LTD., Vegware, Shakarganj Food Products Limited., Aardvark Straws., Hello Straw, TIPI STRAWS, Strawland Agency, Sensil International LLC, BIOPAK and Wilbistraw among others.
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