How big is the Paper Straw Market?

The Paper Straw Market size is expected to reach USD 2.11 billion in 2024 and grow at a CAGR of 18.73% to reach USD 4.98 billion by 2029. Read More

What is the current Paper Straw Market size?

In 2024, the Paper Straw Market size is expected to reach USD 2.11 billion. Read More

Who are the key players in Paper Straw Market?

Hoffmaster Group Inc., Transcend Packaging Ltd., Huhtamaki OYJ, Fuling Global Inc. and Karat Packaging, Inc. (Lollicup USA Inc.) are the major companies operating in the Paper Straw Market. Read More

Which is the fastest growing region in Paper Straw Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Paper Straw Market?

In 2024, the North America accounts for the largest market share in Paper Straw Market. Read More

What years does this Paper Straw Market cover, and what was the market size in 2023?

In 2023, the Paper Straw Market size was estimated at USD 1.71 billion. The report covers the Paper Straw Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Paper Straw Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Paper Straw Market Share

Statistics for the 2023 & 2024 Paper Straw market share, created by Mordor Intelligence™ Industry Reports. Paper Straw share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Paper Straw Industry

The paper straw market is fragmented in nature. The key players in the market include Hoffmaster Group Inc., Huhtamaki Oyj, Fuling Global Inc., Transcend Packaging Ltd, Tembo Paper BV, and Karat Packaging Inc. (Lollicup USA Inc.). The players operating in the market are focusing on offering innovative products to stay competitive.

In August 2023, Transcend Packaging Ltd announced its partnership with Kluber Lubrications to make paper straws using vegetable-origin lubricants and reduce the use of mineral oil aromatic hydrocarbons (MOAH). The partnership will help the company evolve its production process, eliminate traces of mineral oil residue, and offer products that are compliant with future legislation that is expected to come into effect across Europe.

In May 2023, IPI SRL announced the acquisition of Oji Holdings Corporation. The acquisition will help Oji Holdings Corporation leverage IPI's technology and knowledge, leading to further development in the paper market.