Top Companies in Paper Straws Market | Key Players Market Insights, Growth Analysis, Revenue, Price Analysis, | Vantage Market Research Full Research Report
Straws are frequently used and seen in grocery stores and restaurants. Paper Straws have become more popular due to a shift from plastic straws, which were once widely used.
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Market Overview:
The Global Paper Straws Market was valued at USD 1,945.1 Million in 2021 and is anticipated to reach a value of USD 2,838.1 Million by 2028. The Global Paper Straws Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.5% over the forecast period. The increasing government orders to reduce plastic consumption and increasing customer demand for eco-friendly items are vital factors expected to drive market revenue growth over the forecast period. Increasing demand for paper straws from various end-use applications such as hospitality, institutions, and home applications is also expected to Paper Straw's market revenue growth during the forecast period. The growing number of coffee shops and restaurants worldwide drives the paper straw market.
In addition, the market is expected to be driven by the rapid expansion of the food and beverage industry and the increasing consumer demand for food and beverages on the go. In addition, the growing demand for environmentally friendly, natural, and organic straws will drive the paper straw industry in the coming years. In some countries, growing environmental concerns have led to the implementation of strict environmental safety standards expected to bring significant development opportunities to the industry.
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Some of the key players operating in the Paper Straws Market are listed below:
|
Company Name |
Revenue in the US |
|
$303 Million |
|
$19 Million |
|
$40 Million |
|
<$5 Million |
|
$605 Million |
|
<$5 Million |
|
<$5 Million |
|
<$5 Million |
Hoff master Group Inc. was founded in 1947 and is headquartered in Oshkosh. Hoff master Group, Inc. is a leading manufacturer and supplier of disposable tableware such as paper plates, cups, napkins, and ornaments. With innovation as the cornerstone of business success, Hoff master continues to be a trendsetter, setting standards of colors, fashion, and design excellence in both the food service and consumer sectors.
Headquartered in the United Kingdom, Biopac was founded in 2002. They were the first company in the U.K. to launch compostable disposable items, driven by consumer interest. Today, the company has over 1,000 products in stock, supplying wholesalers across the U.K. and small independent hospitality companies such as street food retailers, cafes, and takeaways.
Headquartered in Edinburgh, U.K., Veg wares are a global specialist and innovative brand in plant-based compostable food service packaging. Veg Ware is sold in 70 countries, is distributed in Europe, the Middle East, South America, and the Caribbean Sea, and is based in the United Kingdom, the United States, Hong Kong, and Australia. In addition, they work with the world's largest catering and distributors to help hospitality businesses reach their sustainability goals.
Headquartered in Woking, Surrey, U.K., the Paper Straw Co. produces paper straws in the U.K. alongside their sister printing company which has been established for over 55 years. Their extensive knowledge in the printing and paper industry ensures that paper straws are of the highest quality for the company.
Headquartered in Gilbert, Arizona, Footprint is a materials science company focused on reducing or eliminating disposable plastics through developing and manufacturing innovative technologies, initially designing, developing, and developing next-generation textile manufacturing technologies for bio-based reinforced polymers.
Headquartered in San Diego, California, USA, Okstraw produces eco-friendly paper straws and PLA straws. Under the OKSTRAW brand, the company currently manufactures and sells paper and PLA straws from Longyan, Fujian, and China to markets in Southeast Asia, Europe, the United States, and Canada.
Headquartered at Ystrad Mynach, Wales, U.K., Transcend packaging is the primary alternative for a sustainable global and is devoted to bringing the subsequent technology of sustainable packaging to the market. They work with essential global manufacturers and new modern market leaders to enhance the sustainability of their packaging portfolio.
In Tangerang, Indonesia, P.T. Straw Land was established as a joint venture between South Korea and Indonesia in September 1998. They supply and manufacture a wide range of competitive straws, delivering products to major customers worldwide, including Japan, Europe, the United States, the Middle East, and Oceania.
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