WASHINGTON, July 18, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research's recent analysis of the Global Paper Straws Market finds that the increasing demand for eco-friendly products and public awareness is expediting market growth. Primarily driven by the growing hospitality industry. The Global Paper Straws Market revenue is expected to reach a value USD 2,838.1 Million in 2028.
The Global Market revenue stood at a value USD 1,945.1 Million in the year 2021 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period; states Vantage Market Research, in a report, titled “Paper Straws Market Size, Share & Trends Analysis Report by Product (Printed Paper Straw, Non-Printed Paper Straw), by Material (Virgin Kraft Paper, Recycled Paper), by Straw Length (<7 cm, 7 - 10 cm, 10 - 15 cm, >15 cm), by Sales Channel (Manufacturers, Distributers, Retailers, E-Retail), by End-Use (Food Service, Institutional, Household), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
Please Check Out Our Free Sample Reports and Make a More Informed Decision:
Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/paper-straws-market-1735/request-sample
(Sample reports are a great way to test our in-depth reports or study before you make a purchase)
The newly updated, 140+ page reports provide an in-depth analysis of the COVID-19 virus and pandemic.
Using industry data and interview with experts, you can learn about topics such as regional impact analysis, global forecast, competitive landscape analysis, size & share of regional markets.
We offer these reports in PDF format so you can read them on your computer and print them out.
Free sample includes, Industry Operating Conditions, Industry Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter's 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
The report also presents the country-wise and region-wise analysis of the Vantage Market Research and includes a detailed analysis of the key factors affecting the growth of the market.
Sample Report further sheds light on the Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis, to offer the readers an advantage over others.
Key Insights & Findings from the Report:
According to our primary respondents’ research, the Paper Straws market is predicted to grow at a CAGR of roughly 6.5% during the forecast period.
The Paper Straws market was estimated to be worth roughly USD 1,945.1 Million in 2021 and is expected to reach USD 2,838.1 Million by 2028; based on primary research.
On the basis of region, Asia Pacific is projected to dominate the worldwide Paper Straws market.
Increasing Demand for Eco-friendly Products and Public Awareness to Drive the Market Growth
The increasing demand for eco-friendly products and public awareness is anticipated to augment the growth of the Paper Straws Market during the forecast period. Consumer trends towards environmentally friendly and appropriate products are one of the critical drivers of the growth of the Global Paper Straws Market. Attractive, single-use, disposable consumables have always been the focus of consumers. Thus, paper straw makers offer printed paper straws with adorable designs to increase consumer attention in the market. Paper straws made of 3/4 layers of paper and many additives around the mold are relatively more durable than traditional paper straws. As a result, paper straws can meet market demand for stable and sustainable alternatives to plastic straws and gain significant traction during the forecast period. Global consumption of plastic straws has skyrocketed in the last two-thirds. However, increased intolerance to plastic straws increased consumer demand for biodegradable straws, and increased government reforms and regulations banning plastic straws provide a positive outlook for the growth of the Paper Straws Market.
Growing Hospitality Industry to Stimulate Market Growth
The growing hospitality industry is expected to fuel the growth of the Paper Straws Market within the estimated timeframe. The hospitality industry is a significant end-user of paper straws, and the growing number of grocery stores has significantly boosted the demand for paper straws. In the food and beverage sector, consumer behavior has changed substantially. In addition, growing online grocery delivery platforms in emerging markets such as India offer a return on investment of over 40%. This fierce fuels competition for food delivery platforms among food service companies that provide favorable growth opportunities for disposable foods such as paper straws.
Purchase This Premium Report (Price 4500 USD for a single-user license) at @ https://www.vantagemarketresearch.com/buy-now/paper-straws-market-1735/0
Benefits of Purchasing Paper Straws Market Reports:
Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
Assured Quality: Focuses on accuracy and quality of reports.
Incomparable Skills: Analysts provide in-depth insights into reports.
Segmentation of the Global Paper Straws Market:
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/paper-straws-market-1735
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
1. Impact Assessment of COVID-19 Pandemic
e. Middle East & Africa
2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
3. Key Strategies Undertaken by Companies to Tackle COVID-19
The Report on Paper Straws Market Highlights:
Historic Data, Estimates, and Forecast
Browse market data Tables and Figures spread through 143 Pages and in-depth TOC on "Paper Straws Market Size, Share & Trends Analysis Report by Product (Printed Paper Straw, Non-Printed Paper Straw), by Material (Virgin Kraft Paper, Recycled Paper), by Straw Length (<7 cm, 7 - 10 cm, 10 - 15 cm, >15 cm), by Sales Channel (Manufacturers, Distributers, Retailers, E-Retail), by End-Use (Food Service, Institutional, Household), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".
Asia Pacific to Witness Fastest Growth in the Market
Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) and will likely continue the same trend during the forecast period. This is attributable to the use of these straws in the hospitality industry in the region. Furthermore, the rapid development of the food and beverage industry in the region is also likely to support the regional growth of the market. Additionally, the increase in bans and limitations on the use of plastic by governments in the region is also expected to contribute to the market growth in the area.
List of Prominent Players in Paper Straws Market:
Key questions answered in the report:
Which regional market will show the highest and rapid growth?
Which are the top five players of the Paper Straws Market?
How will the Paper Straws Market change in the upcoming six years?
Which application and product will take a lion’s share of the Paper Straws Market?
What is the Paper Straws market drivers and restrictions?
What will be the CAGR and size of the Paper Straws Market throughout the forecast period?
October 2019: Transcend Packaging (UK) announced the acquisition of Bio Straw Ltd. (UK), a manufacturer of paper straws. Bio Straw (UK) will transfer all manufacturing assets to Transcend Packaging. In addition, this strategic initiative will expand the product customer base and enhance paper straws' marketing and manufacturing capabilities.
May 2019: Hoff master Group, Inc. (USA) announced the acquisition of The Paper Straw Co (UK), a manufacturer of paper straws based in the United Kingdom. Through this strategic acquisition, the company aims to expand its activities in the European market for paper straw products and expand its product portfolio.
May 2019: Huhtamaki Oyj (Finland) established a paper straw production unit in Northern Ireland. The manufacturing facility is located in the town of Antrim near Belfast, Northern Ireland. This expansion aims to expand the company's paper-based product portfolio, including paper straws.
This market, titled "Paper Straws Market" will cover complete information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others, as mentioned below:
Market Size Provided for Years
• Product ° Printed Paper Straw ° Non-Printed Paper Straw • Material ° Virgin Kraft Paper ° Recycled Paper • Straw Length ° <7 cm ° 7 - 10 cm ° 10 - 15 cm ° >15 cm • Sales Channel ° Manufacturers ° Distributers ° Retailers ° E-Retail • End-Use ° Food Service ° Institutional ° Household • Region ° North America ° Europe ° Asia Pacific ° Latin America ° Middle East & Africa
• North America ° U.S. ° Canada ° Mexico • Europe ° U.K ° France ° Germany ° Italy ° Spain ° Rest Of Europe • Asia Pacific ° China ° Japan ° India ° South Korea ° South East Asia ° Rest Of Asia Pacific • Latin America ° Brazil ° Argentina ° Rest Of Latin America • Middle East & Africa ° GCC Countries ° South Africa ° Rest Of Middle East & Africa
• Fuling Global Inc. • Footprint • Charta Global • Canada Brown • Bygreen • Biopak • Hoffmaster Group Inc. • Vegware • TIPI Straws Co • OkStraw Paper Straws • Transcend Packaging • Tetra Pak • Hello Straw • Royal Paper Industries • Huhtamaki OYJ
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Download Free Sample Report Now @ https://www.vantagemarketresearch.com/paper-straws-market-1735/request-sample
Non-UV Dicing Tapes Market Size, Share & Trends Analysis Report by Material Type (PVC, PET, PO), by Thickness (85-125 Micron, 126-150 Micron, Below 85 Micron, Above 150 Micron), by Coating Type (Single Sided, Double Sided), by Application (Wafer Dicing, Package Dicing), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).
Bulk Container Packaging Market Size, Share & Trends Analysis Report by Product (Flexi Tanks, Bulk Containers, Bulk Container Liners, Other Products), by Material (Plastic, Metals, Other Materials (Wood, Fiber, Paper Board)), by End-Use (Industrial Chemicals, Petroleum & Lubricants, Food & Beverages, Paints), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).
Breathable Tape Market Size, Share & Trends Analysis Report by Type (Non-Woven Tape, PET Tape, Other Types), by Material Type (Paper, Polyethylene (PE), Non-Woven Fabric, Other Material Types), by Product Type (Medical Adhesive Tape, Cloth Adhesive Tape, Pressure Sensitive Adhesive Tape, Waterproof Tape), by End-User (Hospital, Clinic, Home Care, Other Product Types), by Application (Fixation, Would Dressing, Other Applications), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).
Digital Printing Packaging Market Size, Share & Trends Analysis Report by Printing Inks (Solvent-Based, UV-Based, Aqueous, Other Printing Inks (Latex and Dye Sublimation Inks)), by Technology (Thermal Transfer Printing, Inkjet Printing, Electrophotography & Electrostatic Printing, Other Technologies), by Format (Full Color Printing, Variable Data Printing, Large Format Printing, Other Formats), by Packaging Type (Corrugated, Folding Cartons, Flexible Packaging, Labels), by End-Use (Food & Beverage, Pharmaceuticals & Healthcare, Household & Cosmetic Products, Other End Uses), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).
Smart Home Market by Product Type (Comfort and Lighting, Control and Connectivity, Energy Management, Home Entertainment, Security, Smart Appliances), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research reports. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
6218 Georgia Avenue NW Ste 1 - 564
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
Verizon stock is moving lower after an earnings miss and dip in wireless subscriber growth.
Snap Inc. has never been an investor-friendly company as long as those investors weren't their founders, and the parent company of the Snapchat app made that even clearer Thursday.
Snap's 40% stock price crash on Friday after a dismal second quarter earnings report and brutal call is well warranted, one analysts explained to Yahoo Finance.
When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street pays close attention. The easiest way for investors to monitor what Warren Buffett has been buying and selling is to track Berkshire Hathaway's quarterly 13F filings with the Securities and Exchange Commission (SEC).
Cleveland-Cliffs (CLF) delivered earnings and revenue surprises of -2.24% and 4.23%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Michael Burry, who bet on the collapse of subprime credit, does not hesitate to give his opinion on market developments.
Verizon is set for its worst week since October 2008, but it's sitting on must-hold support right now.
U.S. stocks were under pressure Friday afternoon as a disastrous quarter from Snap weighed on the broader tech sector.
ARKK ETF had a tough day, with nearly all of its holdings aside from Tesla in the red.
(Bloomberg) -- Verizon Communications Inc. shares plunged to their biggest drop in 14 years after the mobile-phone company cut its forecast for the second straight quarter, adding to concerns that consumers are pulling back on spending.Most Read from BloombergThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundTrump Insiders Recall How He Spurned Pleas to Act as Riot RagedAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Internal Tesla
After more than a year of testing in select cities, Amazon is launching its first wave of custom electric delivery vehicles.
Fed’s zigzagging policies could ultimately lead to an outcome similar to what happened in its fight against inflation four decades ago.
Investors will focus on revenue growth and other pipeline updates, when Tilray (TLRY) reports fiscal fourth-quarter results.
The Dow Jones fought back. Tesla stock rocketed after Elon Musk gave an update on its "best product ever." Apple stock popped. Bitcoin fell.
Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy—and the internet. Amazon’s worst quarter came in September 2001, when the internet bubble was blowing apart. Now, though, Amazon’s streak may be coming to an end.
(Bloomberg) -- Volkswagen AG abruptly ousted Herbert Diess, its chief executive officer and architect of the auto industry’s biggest electrification effort, after repeated clashes with labor unions chipped away at his support with key stakeholders.Most Read from BloombergThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundTrump Insiders Recall How He Spurned Pleas to Act as Riot RagedAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Int
Yahoo Finance's Brian Cheung and Akiko Fujita discuss Snap earnings and analyst reratings on the stock.
CapWealth CIO Tim Pagliara and Frances Stacy, Optimal Capital Director of Strategy, join Yahoo Finance Live to discuss the Fed's rate hike plan, inflation impacting CPI data, and the strength of the U.S. dollar.
Every investor – from the most experienced legends of Wall Street to the most amateur of retail traders – keeps a close eye on the market, looking for some sign or signal to indicate just the right trades. Following the corporate insiders is one way to find an advantage. These are the company officers whose positions put them ‘in-the-know’ on their companies’ inner workings. That knowledge gives these bigwigs an inside track when it comes to trading their own stocks – and to keep the trading flo
Q.: My wife inherited a 401(k) from my mom who died recently. Assuming this is a traditional 401(k), you are correct that whatever comes out of the account will be likely be taxable to you. Transfer your wife’s share of the money to an Inherited 401(k) with the company that held your mom’s 401(k).