Pollution, especially caused by single-use plastics, is considered to be extremely harmful in both the long and short term. This is mainly due to the low recyclability of single-use plastics such as polythene bags and plastic straws. For instance, the number of plastic straws littered on all of the world’s beaches can range anywhere between 437 million to 8.3 billion. Such instances can cause drastic environmental damage. In such a business landscape, the global paper straws market is expected to thrive throughout the projection period. The market is also supported by the growing food and beverages industry. The number of restaurants, cafes, and bars has increased by leaps and bounds. These prerequisites, coupled with growing environmental awareness among consumers are collectively generating tremendous demand for paper straws in the foreseeable future.
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Changing Consumer Mindset to Shape Demand Dynamics of Paper Straws Market
The global paper straws market is driven mainly by the push to adopt eco-friendly processes. The environmental damage caused by plastic straws is significant and many government bodies and environmental agencies are working to tackle this issue. As the scrutiny for single-use plastics such as straws continues to grow stricter, more businesses and individuals are expected to switch to using paper straws. Modern consumers are increasingly becoming more environmentally conscious and changing their lifestyles to limit their carbon footprint and plastic use. Such macro and micro-level changes are expected to fuel the robust growth of the global paper straws market in the forecast period.
Functional and Structural Benefits of Virgin Paper Straws to Unlock New Avenues of Growth for Paper Straws Market
Continual improvements in the production process of paper straws have allowed many modern variations to enter the market. Among these, the demand for virgin paper straws is expected to skyrocket in the study period. These virgin paper straws are sturdy, dependable, high, quality, and deliver enhanced absorbency rates. This eliminates waste and the need to use multiple straws for a single usage. These straws use higher quality paper in comparison to recycled paper straws. Many premium brands are now offering these straws due to their quality and viability. Such developments are creating notable business possibilities in the global paper straws market.
Asia Pacific to Dominate Paper Straws Market in Light of Stringent Government Regulations
A thriving food and beverages industry, the presence of stringent environmental regulations and changing consumer mindsets are cementing Asia Pacific's leadership in the paper straws market. The region has various regulations to limit the usage of plastics including bans on paper straws. Major regional economies such as India and China are the key contributors to this market precedent. Such efforts are resulting in a significant boost to the production and consumption of paper straws. Meanwhile, Europe is expected to be the fastest-growing regional market due to eco-friendly policymaking and rising consumer awareness.
Major Market Players
The most active players currently participating in the global paper straws market include Hoffmaster Group Inc. (Aardvark), Huhtamäki Oyj., Vegware Ltd., Biopac UK Ltd., U.S. Paper Straw, Austraw Pty Ltd T/as Bygreen, Footprint LLC, Okstraw, Transcend Packaging Ltd., PT. Strawland, and The Paper Straw Co.
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