Product Overview

Paper straws are straws made from paper and are used for drinking liquids. They are often produced as a straight during a pipe shape or can be given an adjustable angularity counting on the convenience of the user and therefore the kind of liquid which is served. Paper straws are available in several sizes and shapes counting on the density of the drink served. As they're made from paper hence, they're considered environmentally friendly and thus proving to be a possible alternative to plastic straws. They are fully biodegradable and may even be recycled after use, unlike plastic straws which take months to degrade. Since plastic goods are non-biodegradable, several governments have announced plans to phase out their use, despite the fact that they appear to have increased emission rates in recent decades. Paper-based straws are likely to gain new prospects as a result of this scenario. Furthermore, as consumer understanding of the environmental effects of plastic products grows, paper straws are likely to gain traction in a variety of end-use applications.

Market Highlights

Global Paper and Plastic Straws Market is expected to project a notable CAGR of 4.9% in 2030.

Global Paper and Plastic Straws Market to surpass USD XXX million by 2030 from USD XXX million in 2020 at a CAGR of 4.9 % in the coming years, i.e., 2021-30. This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for Paper and Plastic Straws. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Paper and Plastic Straws industry.

Global Paper and Plastic Straws Market: Segments

Paper segment to grow with the highest CAGR during 2020-30

Global Paper and Plastic Straws Market is segmented by product type into Plastic and Paper straws. Paper segment held the largest market share of XX.X% in the year 2020. One end of a thin tube of paper or other substance is placed in the mouth, while the other is placed in the beverage. Paper straws decompose quicker than plastic straws. Paper straws are compostable and biodegradable.

Café segment to grow with the highest CAGR during 2020-30

Global Paper and Plastic Straws Market is segmented by application into hotels, restaurants & motels, bars & lounges, cafes, and others. Over the forecast period, the café segment is projected to expand at the fastest pace. The way customers drink iced coffee and fountain drinks will likely change as major corporations begin to move away from plastic straws. The shift comes after concerns were high by environmental activists and across social media about the effect plastic drinking straws have on the environment once they are thrown away.

Global Paper and Plastic Straws Market Dynamics

Drivers

Café chains and changing consumer taste and preference

Surging demand of Paper and Plastic Straws Market from numerous end-user industries is the key factor contributing in the market growth. Over the next many years, a rising number of multinational restaurant and café chains is projected to drive sales growth in the global market. Other factors anticipated to drive demand for paper and plastic straws include increasing demand for on-the-go consumer drinks, higher disposable income levels, an increasingly growing food and beverage industry, and changing consumer taste and preferences. In addition, the demand for eco-friendly, natural & organic, and reusable straws, as well as consumers' preference for increased use of environmentally friendly goods, are expected to drive the market's growth to some extent.

Emerging food and beverage industry

In the last couple of years, there has been a tremendous increase and fast development in the beverages and food industries, serving thousands of customers every minute. This has resulted in a worldwide surge in the application of paper and plastic straws. Technological developments have resulted in the advent of online food supply platforms that help the paper and plastic straws market expand enormously.

Restraint

High prices and usage for a short period

Paper straws are comparatively costlier as compared to plastic straws. This is due to its complex manufacturing process from cutting trees to creating pulp and paper. This adds up to the cost and thus industries with small profit margin tend to use plastic straws as they are available at cheaper rates. Most of the paper straws are made from the organic material and tend to lose their strength when they come in contact with a liquid for a long period of time. Therefore they can only be used for a short period of time due to the tendency of paper to get dissolved in water for prolonged period of time.

Global Paper and Plastic Straws Market: Key Players

Shenzhen Grizzlies Industries Co., Ltd.

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

TIPI Straws Co

By green

Footprint

Nippon Paper Group

Tetra Pak

Biopak

Canada Brown Eco Products Ltd.

Fuling Global Inc.

Other prominent players

Global Paper and Plastic Straws Market: Regions

Global Paper and Plastic Straws Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Global Paper and Plastic Straws Market in North America held the largest market share of XX.X% in the year 2020 in terms of revenue. This is due to the demand in the United States and Canada for paper and plastic straws. In the coming years, revenue from the Asia Pacific paper and plastic straws market is expected to rise at a faster pace. This is largely due to an increase in the number of producers and retailers in Asia Pacific countries, as well as increased market awareness of organic beverages in countries like India and China.

Global Paper and Plastic Straws Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Paper and Plastic Straws Market report also contain analysis on:

Paper and Plastic Straws Market Segments:

By Product Type

Paper straws

Plastic straws

By Application

Hotels

Restaurants and Motels

Bars and Lounges

Cafes

Others

Paper and Plastic Straws Dynamics

Paper and Plastic Straws Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Paper and Plastic Straws Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Paper and Plastic Straws Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Paper and Plastic Straws Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Paper and Plastic Straws Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By application: Market Share (2020-2030F)

1. Hotels, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Restaurants and Motels, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Bars and Lounges, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Cafes, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By product type: Market Share (2020-2030F)

1. Paper straws, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Plastic straws, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. Shenzhen Grizzlies Industries Co., Ltd

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. TIPI Straws Co

3. By green

4. Footprint

5. Nippon Paper Group

6. Tetra Pak

7. Biopak

8. Canada Brown Eco Products Ltd.

9. Fuling Global Inc.

10. Other prominent players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)