The latest market report published by Constancy Researchers “Global Recycled Paper Straw Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Recycled Paper Straw Market: Overview
The global recycled paper straw market was valued at US$ XX Million in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global recycled paper straw market is anticipated to witness lucrative growth in the years to come due to the growing intolerance towards plastic along with the increased government regulations for the use of recyclable packaging materials. Furthermore, the growing urbanization and enhanced demand for recycled paper straw in the beverages industry are some other key factors for the growth of the recycled paper straw market during the forecast period. Moreover, the emergence of new technologies coupled with increased demand for eco-friendly packaging are some of the key opportunities for the global recycled paper straw market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global recycled paper straw market growth in the years to come.
Global Recycled Paper Straw Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global recycled paper straw market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global recycled paper straw market, the demand for recycled paper straw has decreased due to haltin the manufacturing industry worldwide during the COVID-19 period.
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Global Recycled Paper Straw Market: Report Highlights
- Based on straw length, the 5.75-7.75 inches category had a substantial share in the global recycled paper straw market in 2020 and presumed to witness substantial growth over the forecast period. The growing demand for the category from the beverages industry is one of the major factor for category growth.
- On the basis of application, in the recycled paper straw market, the food service category had a major share in the global market in 2020 and is estimated to continue its dominance over the forecast period. Besides, the household category is estimated to witness substantial growth during the forecast period.
- Based on the regional analysis, Asia Pacific dominated the market in 2020 and is projected to witness substantial growth over the upcoming years. This is majorly due to the rising straw manufacturing industry in the Asia Pacific along with the increased demand for beverages in the region. Moreover, Asia Pacific is estimated to witness lucrative growth during the forecast period owing to the rising increased disposable income and growing urban population in the emerging economies.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global recycled paper straw market.
- As per the research by Constancy Researchers Private Limited, the global recycled paper straw market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Recycled Paper Straw Market
- Hoffmaster Group, Inc.
- Transcend Packaging Ltd.
- Footprint
- Fuling Global Inc.
- Huhtamaki OYJ
- Bygreen
- Royal Paper Industries
- Canada Brown Eco Products Ltd
- Biopak
- Charta Global
- Soton Daily Necessities Co., Ltd. Y.W.
- Wuxi Jiejing Packing Co., Ltd
- Yutong Eco-Technology (Suqian) Co., Ltd
- Ningbo Jiangbei Shenyu Industry and Trade Co., Ltd.
- Aleco Industrial Co., Ltd.
- Vegware
- Tetra Pak International S.A.
- US Recycled Paper Straw
- Hello Straw
- Tipi Straws
- Strawland
- Okstraw Recycled Paper Straws
- Biopac (UK) Ltd
- Wilbistraw
- Sharp Serviettes
- Lollicup Usa, Inc.
- Shenzhen Grizzlies Industries Co., Ltd
- Others
Global Recycled Paper Straw Market: Segmentation
Constancy Researchers Private Limited has segmented the global recycled paper straw market on the basis of type,straw length, straw diameter, application, and regional analysis-
Global Recycled Paper Straw Market: By Type
- Non-printed
Global Recycled Paper Straw Market: By Straw Length
- <5.75 inches
- 75-7.75 inches
- 75-8.5 inches
- 50-10.50 inches
- >10.50 inches
Global Recycled Paper Straw Market: By Straw Diameter
- <0.15 inches
- 15 – 0.196 inches
- 196 – 0.250 inches
- 250 – 0.400 inches
- >0.4 inches
Global Recycled Paper Straw Market: By Application
- Foodservice
- Institutional
- Household
Global Recycled Paper Straw Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
