Government Initiatives Around Single-use Plastic Bans to Influence Market Growth
In the upcoming years, it is anticipated that rising demand for eco-friendly, natural, and organic straws will drive the paper straws market. The implementation of strict environmental safety rules in many nations due to growing environmental concerns is anticipated to create enormous potential prospects for the business. With the rise in cafés, and restaurants worldwide, the paper straws market is expanding. Global paper straws market is expected to be driven by the rapidly growing food and beverage industry, and growing consumer demand for beverage items. The development of an environmentally conscious mindset among people and the transition to a sustainable lifestyle are significant factors driving the paper straws market. People are more aware of how their actions affect the environment. One of the leading causes of global marine garbage build-up and harm to aquatic life is plastic straws. Thus, due to their convenience and guilt-free disposal, printed paper straws are preferred by consumers for drinking.
Straw disposal without feeling guilty about producing garbage is widespread in public these days. The number of plastic straws on the world's beaches, extrapolated globally, ranges from 437 million to 8.3 billion. The growing plastic waste near the coastline affects both public and marine life. Thus, the growing awareness regarding plastic waste will increase the demand for paper straws. The governments worldwide are taking various initiatives to reduce the usage of single-use plastics such as straws. The single-use plastics increase not only plastic waste but also present multiple challenges such as water clogging, water pollution, air pollution, and so on. In June 2022, to reduce a significant source of plastic pollution as the nation's recycling rate continues to fall, the US Interior Department announced that it will phase out the sale of single-use plastic products in national parks and other public areas by 2032. Such initiatives by various governments across the globe will limit the use of single-use plastic such as straws and increase the demand for paper straws, in turn favouring the growth of paper straws market.
Superior Quality Upholds Dominating Market Position of Virgin Paper Straws
In terms of value and volume, the virgin paper segment is anticipated to rule the paper straws market during the forecast period. Since consumers don't need to use numerous straws for a single usage, virgin paper straws are sturdy, dependable, have better absorbency rates, and are also high-quality and efficient. This eliminates waste. This has led to the segment's high level of market dominance. Present-day virgin paper is of higher quality than most recycled paper varieties. Manufacturers of the virgin paper concentrate more on these industries because of the value of immaculate papers in various domains, including packaging and personal hygiene. The demand for pure paper packaging products is driven by premium packaging paper for branded goods. The increase in per capita disposable income in emerging nations and the rising number of organised retailers encouraging the use of craft paper bags are two factors driving the expansion of the virgin paper packaging market.
Promising Prospects Appear in Asia Pacific’s Paper Straws Market on the Back of Supportive Government Initiatives
Asia Pacific will control the paper straw industry regarding market share over the anticipated period. This is because paper straws are becoming increasingly popular in this area. With the regulatory restrictions and bans on the use of plastic, the growth of the food and beverage industry, and the large production and consumption of paper straws in this region, the Asia-Pacific region dominates the paper straws market. Governments across the Asia Pacific are projected to impose more restrictions and bans on the use of plastic, which will spur market expansion. China will continue to be the country with the most significant paper straw consumption due to the fast development of the food and beverage industry. With the continued growth of the food and beverage industry, India is predicted to have a higher growth rate than all other countries.
India is one of the world's largest markets for plastic usage and has a significant consumer-driven economy. Environmentally friendly straw suppliers can concentrate on India and enhance sales from the untapped market potential as the sustainability movement increases and the demand for environmentally friendly products rises. Restaurants and fast-food chains are opening due to India's rapid urbanisation, and they are switching to eco-friendly straws to abide by stringent government regulations governing the use of plastics. Shortly, stricter laws can help increase demand for goods like biodegradable straws, reusable straws, eco straws, eco agave straws, and bamboo straws. According to India's Ministry of Environment, Forests, and Climate Change, the country will prohibit several single-use plastics beginning on July 1, 2022, including cutlery, straws, carrying bags, and trays, because they have "poor utility and significant littering potential." Such initiatives from various regional governments will propel the growth of paper straws market in the region.
Europe is anticipated to experience the quickest growth throughout the forecasted period due to its extensive use in the food service industry, rising demand for paper straws, and implementation of policies limiting plastic use there. Worldwide, Europe is anticipated to have the highest demand for paper straws. High consumption of paper straws is expected as government and non-government programs raise awareness of eco-friendly products. The sector’s rise in Europe is associated with increased demand for paper straws in countries like the UK, and Germany. This is primarily due to the growing use of these straws in the foodservice industry.
Global Paper Straws Market: Competitive Landscape
Market players introduce new products and form alliances, partnerships, and collaborations. In February 2022, EQUO, a firm dedicated to reducing the usage of single-use plastic products, began its international development by introducing its products in Singapore. This Vietnamese company manufactures eco-friendly straws and offers coconut, rice, grass, and other eco-friendly straws. In September 2021, Sun-Rype Products, a division of A. Lassonde Inc. ("SunRype"), a Canadian fruit-based food and beverage maker, stated today that they had replaced plastic straws on all SunRype 200ml single-serve beverage cartons in Canada with recyclable, bendable paper straws. SunRype's 200ml 100% juice and 200ml 60% reduced sugar juice products fall under this category.
Some players in the paper straws market include Huhtamäki Oyj., Hoffmaster Group Inc. (Aardvark), Biopac UK Ltd., Vegware Ltd., U.S. Paper Straw, and The Paper Straw Co., Austraw Pty Ltd T/as Bygreen, Footprint LLC, Okstraw, Transcend Packaging Ltd., and PT. Strawland.
Global Paper Straws Market is Segmented as below:
By Straw Length
By Sales Channel
Key Elements Included In The Study: Global Paper Straws Market
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