The Paper Straw Market size was USD 2 billion in 2023 and is expected to Reach USD 10.99 billion by 2031 and grow at a CAGR of 20.85% over the forecast period of 2024-2031.
In the first half of 2022, StatsCan estimated that there would be an increasing trend in food service and drinking establishments in Canada. In January 2022, the value of sales increased to USD 3.32 billion, and in July 2022 it went up to EUR 5.79 billion. This trend shows that, in the period under review, sales of food and drink are increasing at an increased pace with a direct effect on demand for Paper Straws within restaurants and drinking establishments.
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Ulfex launched the UShape Paper Straw, which was designed to produce 100 million straws per month and 200 million straw a month from April 2022, with an initial production target of 100 million. In addition, 2.4 billion straws were to be produced annually by Ulfex.
KEY DRIVERS:
The growing awareness about plastic pollution and its effect on marine life and ecosystems has led to an increased demand for environmentally friendly alternatives to single use plastics. The growing demand for sustainable alternatives such as paper straw is behind a number of governments and organizations which have imposed or proposed bans on plastic straws.
RESTRAIN:
The cost of materials and the processes involved in producing paper straws may make them more costly to manufacture as compared with conventional plastic straw. Some companies, particularly small establishments with limited budgets, may not have the ability to adopt paper straws due to these cost differences.
Harmful side-effects of paper-based straws is also restricting the market growth.
OPPORTUNITY:
Increasing demand for the sustainable product
Businesses that make compliance and sustainable alternatives, such as paper straws, can take advantage of the continued implementation by governments of regulations against Single Use Plastics.
To limit their carbon footprint, companies can use ecofriendly packaging solutions such as paper straws as a part of CSR activities.
CHALLENGES:
Maintaining Cost Competitiveness with the alternatives can be a challenge
Even though the demand for sustainability alternatives increases, it may be difficult to ensure that paper straw is still cost competitive with other options because of production and material costs.
The market for paper straws has been significantly affected by the war between Russia and Ukraine. The main paper straws producers of raw materials in the global market are Russia and Ukraine, which account for about 20% of total sales. As a result of this war, the supply of paper straw from these countries has been affected and there have been shortages and price increases. In the first quarter of 2023, paper straw prices in the US have gone up by 20%. According to our research, the war could lead to worldwide shortages of paper straws as demand outstrips supply by 10% in 2023.
Due to a downturn in the economy, demand for paper straws is estimated to fall by 2.5% between now and 2023. In developing countries, where consumers have a better awareness of the impact on the environment of plastic straw, demand is expected to decline more sharply. There has been a rapid growth in the market for paper straw substitutes. Paper straws are made up of a number of alternatives, such as metal stirrers, bamboo stirrers and reusable plastic stirrers. Compared with paper straws, these alternatives are expected to be more durable and last a longer period of time which is increasing their popularity. There is also a rapid increase in the market for bamboo straws. The market for bamboo straw is expected to be worth USD 362 million in 2022.
By Material
Virgin
Recycled
Based on material Virgin kraft paper segment accounted for the US $ 1.8 Bn in the year 2023, and recycled paper segment will grow at the pace of 2.2 times faster over the forecast period.
By Type
Flexible
Non-Flexible
By Product
Printed
Non-Printed
Based on the product type, the printed segment will dominate the market in terms of CAGR. The non printed segment will create the growth opportunity of US $ 2.3 Bn over the forecast period.
By Straw Length
5.75 inches
5.75-7.75 inches
7.75-8.5 inches
8.5-10.5 inches
>10.5 inches
By Straw Diameter
<0.15 inches
0.15-0.195 inches
0.195-0.25 inches
0.25-0.4 inches
>0.4 inches
By Application
Household
Institutional
Food Service
Asia Pacific region accounted for the largest market share and will remain dominant over the forecast period. By revenue Asia pacific region holds around US $ 0.72 Billion in 2022. Paper straw is becoming very popular in this region. Government regulations on the ban of plastic, and the growth of the food and beverage industry is giving the growth to the market in this region.
North America is the second largest paper straw market. The large amount of producers and suppliers of paper straws in this region is giving the growth to the market in this region. The consumption of the non-alcoholic beverages is also anticipated to give growth to the market over the forecast period.
European region will show the fastest growth over the forecast period. The increasing demand for the paper straws from the regions such as UK, France is giving growth to the market. Stringent rules and regulations against the ban on the use of plastic is giving growth to the regional market.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Paper Straw market are Hoffmaster Group Inc, Transcend Packaging Ltd, Huhtamaki Oyj, Nippon Paper Group, Tetra Pak, Footprint, Fueling Technology, Duni Group, Soton Daily Necessity Co. Ltd, Canada Brown Eco Products Ltd and other players.
In 2023, Hoffmaster Group Inc, introduced Earthwise Plant Based Straws
In April 2023, Transcend Packaging entered into a strategic partnership with ITOCHU Corporation, one of Japan's largest manufacturers of paper and pulp products.
| Report Attributes | Details |
| Market Size in 2023 | US$ 2 Bn |
| Market Size by 2031 | US$ 10.99 Bn |
| CAGR | CAGR of 20.85% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Material (Virgin, Recycled) • by Type (Flexible, Non-Flexible) • by Product Type (Printed, Non-Printed) • by Straw Length (<5>10.5 inches) • by Straw Diameter (<0>0.4 inches) • by Application (Household, Institutional, Food Service) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Hoffmaster Group Inc, Transcend Packaging Ltd, Huhtamaki Oyj, Nippon Paper Group, Tetra Pak, Footprint, Fueling Technology, Duni Group, Soton Daily Necessity Co. Ltd, Canada Brown Eco Products Ltd |
| Key Drivers | • Environmental Concerns and Plastic Bans to drive the paper straw market • Increased demand from the hospitality and catering sectors for paper straw. |
| Key Restraints | • As compared with plastic straw, costs and affordability of paper straws is much higher • Harmful side-effects of paper-based straws is also restricting the market growth. |
Ans: The Paper Straw Market is expected to grow at a CAGR of 18.6 %.
Ans: The Paper Straw Market size was USD 4.16 billion in 2022 and is expected to Reach USD 16.28 billion by 2030
Ans: Environmental Concerns and Plastic Bans to drive the paper straw market.
Ans: As compared with plastic straw, costs and affordability of paper straws is much higher which can hamper the market growth.
Ans: The Asia Pacific region held the largest market share and will continue to dominate the market. Asia pacific region holds around US $ 0.72 Billion in 2022.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact Of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Paper Straw Market Segmentation, By Material
8.1 Virgin
8.2 Recycled
9. Paper Straw Market Segmentation, By Type
9.1 Flexible
9.2 Non-Flexible
10. Paper Straw Market Segmentation, By Product
10.1 Printed
10.2 Non-Printed
11. Paper Straw Market Segmentation, By Straw Length
11.1 5.75 inches
11.2 5.75-7.75 inches
11.3 7.75-8.5 inches
11.4 8.5-10.5 inches
11.5 >10.5 inches
12. Paper Straw Market Segmentation, By Straw Diameter
12.1 <0.15 inches
12.2 0.15-0.195 inches
12.3 0.195-0.25 inches
12.4 0.25-0.4 inches
12.5 >0.4 inches
13. Paper Straw Market Segmentation, By Application
13.1 Household
13.2 Institutional
13.3 Food Service
14.1 Introduction
14.2 North America
14.2.1 North America Paper Straw Market By Country
14.2.2 North America Paper Straw Market By Material
14.2.3 North America Paper Straw Market By Type
14.2.4 North America Paper Straw Market By Product
14.2.5 North America Paper Straw Market By Straw Length
14.2.6 North America Paper Straw Market By Straw Diameter
14.2.7 North America Paper Straw Market By Application
14.2.8 USA
14.2.8.1 USA Paper Straw Market By Material
14.2.8.2 USA Paper Straw Market By Type
14.2.8.3 USA Paper Straw Market By Product
14.2.8.4 USA Paper Straw Market By Straw Length
14.2.8.5 USA Paper Straw Market By Straw Diameter
14.2.8.6 USA Paper Straw Market By Application
14.2.9 Canada
14.2.9.1 Canada Paper Straw Market By Material
14.2.9.2 Canada Paper Straw Market By Type
14.2.9.3 Canada Paper Straw Market By Product
14.2.9.4 Canada Paper Straw Market By Straw Length
14.2.9.5 Canada Paper Straw Market By Straw Diameter
14.2.9.6 Canada Paper Straw Market By Application
14.2.10 Mexico
14.2.10.1 Mexico Paper Straw Market By Material
14.2.10.2 Mexico Paper Straw Market By Type
14.2.10.3 Mexico Paper Straw Market By Product
14.2.10.4 Mexico Paper Straw Market By Straw Length
14.2.10.5 Mexico Paper Straw Market By Straw Diameter
14.2.10.6 Mexico Paper Straw Market By Application
14.3 Europe
14.3.1 Eastern Europe
14.3.1.1 Eastern Europe Paper Straw Market By Country
14.3.1.2 Eastern Europe Paper Straw Market By Material
14.3.1.3 Eastern Europe Paper Straw Market By Type
14.3.1.4 Eastern Europe Paper Straw Market By Product
14.3.1.5 Eastern Europe Paper Straw Market By Straw Length
14.3.1.6 Eastern Europe Paper Straw Market By Straw Diameter
14.3.1.7 Eastern Europe Paper Straw Market By Application
14.3.1.8 Poland
14.3.1.8.1 Poland Paper Straw Market By Material
14.3.1.8.2 Poland Paper Straw Market By Type
14.3.1.8.3 Poland Paper Straw Market By Product
14.3.1.8.4 Poland Paper Straw Market By Straw Length
14.3.1.8.5 Poland Paper Straw Market By Straw Diameter
14.3.1.8.6 Poland Paper Straw Market By Application
14.3.1.9 Romania
14.3.1.9.1 Romania Paper Straw Market By Material
14.3.1.9.2 Romania Paper Straw Market By Type
14.3.1.9.3 Romania Paper Straw Market By Product
14.3.1.9.4 Romania Paper Straw Market By Straw Length
14.3.1.9.5 Romania Paper Straw Market By Straw Diameter
14.3.1.9.6 Romania Paper Straw Market By Application
14.3.1.10 Hungary
14.3.1.10.1 Hungary Paper Straw Market By Material
14.3.1.10.2 Hungary Paper Straw Market By Type
14.3.1.10.3 Hungary Paper Straw Market By Product
14.3.1.10.4 Hungary Paper Straw Market By Straw Length
14.3.1.10.5 Hungary Paper Straw Market By Straw Diameter
14.3.1.10.6 Hungary Paper Straw Market By Application
14.3.1.11 Turkey
14.3.1.11.1 Turkey Paper Straw Market By Material
14.3.1.11.2 Turkey Paper Straw Market By Type
14.3.1.11.3 Turkey Paper Straw Market By Product
14.3.1.11.4 Turkey Paper Straw Market By Straw Length
14.3.1.11.5 Turkey Paper Straw Market By Straw Diameter
14.3.1.11.6 Turkey Paper Straw Market By Application
14.3.1.12 Rest of Eastern Europe
14.3.1.12.1 Rest of Eastern Europe Paper Straw Market By Material
14.3.1.12.2 Rest of Eastern Europe Paper Straw Market By Type
14.3.1.12.3 Rest of Eastern Europe Paper Straw Market By Product
14.3.1.12.4 Rest of Eastern Europe Paper Straw Market By Straw Length
14.3.1.12.5 Rest of Eastern Europe Paper Straw Market By Straw Diameter
14.3.1.12.6 Rest of Eastern Europe Paper Straw Market By Application
14.3.2 Western Europe
14.3.2.1 Western Europe Paper Straw Market By Country
14.3.2.2 Western Europe Paper Straw Market By Material
14.3.2.3 Western Europe Paper Straw Market By Type
14.3.2.4 Western Europe Paper Straw Market By Product
14.3.2.5 Western Europe Paper Straw Market By Straw Length
14.3.2.6 Western Europe Paper Straw Market By Straw Diameter
14.3.2.7 Western Europe Paper Straw Market By Application
14.3.2.8 Germany
14.3.2.8.1 Germany Paper Straw Market By Material
14.3.2.8.2 Germany Paper Straw Market By Type
14.3.2.8.3 Germany Paper Straw Market By Product
14.3.2.8.4 Germany Paper Straw Market By Straw Length
14.3.2.8.5 Germany Paper Straw Market By Straw Diameter
14.3.2.8.6 Germany Paper Straw Market By Application
14.3.2.9 France
14.3.2.9.1 France Paper Straw Market By Material
14.3.2.9.2 France Paper Straw Market By Type
14.3.2.9.3 France Paper Straw Market By Product
14.3.2.9.4 France Paper Straw Market By Straw Length
14.3.2.9.5 France Paper Straw Market By Straw Diameter
14.3.2.9.6 France Paper Straw Market By Application
14.3.2.10 UK
14.3.2.10.1 UK Paper Straw Market By Material
14.3.2.10.2 UK Paper Straw Market By Type
14.3.2.10.3 UK Paper Straw Market By Product
14.3.2.10.4 UK Paper Straw Market By Straw Length
14.3.2.10.5 UK Paper Straw Market By Straw Diameter
14.3.2.10.6 UK Paper Straw Market By Application
14.3.2.11 Italy
14.3.2.11.1 Italy Paper Straw Market By Material
14.3.2.11.2 Italy Paper Straw Market By Type
14.3.2.11.3 Italy Paper Straw Market By Product
14.3.2.11.4 Italy Paper Straw Market By Straw Length
14.3.2.11.5 Italy Paper Straw Market By Straw Diameter
14.3.2.11.6 Italy Paper Straw Market By Application
14.3.2.12 Spain
14.3.2.12.1 Spain Paper Straw Market By Material
14.3.2.12.2 Spain Paper Straw Market By Type
14.3.2.12.3 Spain Paper Straw Market By Product
14.3.2.12.4 Spain Paper Straw Market By Straw Length
14.3.2.12.5 Spain Paper Straw Market By Straw Diameter
14.3.2.12.6 Spain Paper Straw Market By Application
14.3.2.13 The Netherlands
14.3.2.13.1 Netherlands Paper Straw Market By Material
14.3.2.13.2 Netherlands Paper Straw Market By Type
14.3.2.13.3 Netherlands Paper Straw Market By Product
14.3.2.13.4 Netherlands Paper Straw Market By Straw Length
14.3.2.13.5 Netherlands Paper Straw Market By Straw Diameter
14.3.2.13.6 Netherlands Paper Straw Market By Application
14.3.2.14 Switzerland
14.3.2.14.1 Switzerland Paper Straw Market By Material
14.3.2.14.2 Switzerland Paper Straw Market By Type
14.3.2.14.3 Switzerland Paper Straw Market By Product
14.3.2.14.4 Switzerland Paper Straw Market By Straw Length
14.3.2.14.5 Switzerland Paper Straw Market By Straw Diameter
14.3.2.14.6 Switzerland Paper Straw Market By Application
14.3.2.15 Austria
14.3.2.15.1 Austria Paper Straw Market By Material
14.3.2.15.2 Austria Paper Straw Market By Type
14.3.2.15.3 Austria Paper Straw Market By Product
14.3.2.15.4 Austria Paper Straw Market By Straw Length
14.3.2.15.5 Austria Paper Straw Market By Straw Diameter
14.3.2.15.6 Austria Paper Straw Market By Application
14.3.2.16 Rest of Western Europe
14.3.2.16.1 Rest of Western Europe Paper Straw Market By Material
14.3.2.16.2 Rest of Western Europe Paper Straw Market By Type
14.3.2.16.3 Rest of Western Europe Paper Straw Market By Product
14.3.2.16.4 Rest of Western Europe Paper Straw Market By Straw Length
14.3.2.16.5 Rest of Western Europe Paper Straw Market By Straw Diameter
14.3.2.16.5 Rest of Western Europe Paper Straw Market By Application
14.4 Asia-Pacific
14.4.1 Asia Pacific Paper Straw Market By Country
14.4.2 Asia Pacific Paper Straw Market By Material
14.4.3 Asia Pacific Paper Straw Market By Type
14.4.4 Asia Pacific Paper Straw Market By Product
14.4.5 Asia Pacific Paper Straw Market By Straw Length
14.4.6 Asia Pacific Paper Straw Market By Straw Diameter
14.4.7 Asia Pacific Paper Straw Market By Application
14.4.8 China
14.4.8.1 China Paper Straw Market By Material
14.4.8.2 China Paper Straw Market By Type
14.4.8.3 China Paper Straw Market By Product
14.4.8.4 China Paper Straw Market By Straw Length
14.4.8.5 China Paper Straw Market By Straw Diameter
14.4.8.6 China Paper Straw Market By Application
14.4.9 India
14.4.9.1 India Paper Straw Market By Material
14.4.9.2 India Paper Straw Market By Type
14.4.9.3 India Paper Straw Market By Product
14.4.9.4 India Paper Straw Market By Straw Length
14.4.9.5 India Paper Straw Market By Straw Diameter
14.4.9.6 India Paper Straw Market By Application
14.4.10 Japan
14.4.10.1 Japan Paper Straw Market By Material
14.4.10.2 Japan Paper Straw Market By Type
14.4.10.3 Japan Paper Straw Market By Product
14.4.10.4 Japan Paper Straw Market By Straw Length
14.4.10.5 Japan Paper Straw Market By Straw Diameter
14.4.10.6 Japan Paper Straw Market By Application
14.4.11 South Korea
14.4.11.1 South Korea Paper Straw Market By Material
14.4.11.2 South Korea Paper Straw Market By Type
14.4.11.3 South Korea Paper Straw Market By Product
14.4.11.4 South Korea Paper Straw Market By Straw Length
14.4.11.5 South Korea Paper Straw Market By Straw Diameter
14.4.11.6 South Korea Paper Straw By Application
14.4.12 Vietnam
14.4.12.1 Vietnam Paper Straw Market By Material
14.4.12.2 Vietnam Paper Straw Market By Type
14.4.12.3 Vietnam Paper Straw Market By Product
14.4.12.4 Vietnam Paper Straw Market By Straw Length
14.4.12.5 Vietnam Paper Straw Market By Straw Diameter
14.4.12.6 Vietnam Paper Straw Market By Application
14.4.13 Singapore
14.4.13.1 Singapore Paper Straw Market By Material
14.4.13.2 Singapore Paper Straw Market By Type
14.4.13.3 Singapore Paper Straw Market By Product
14.4.13.4 Singapore Paper Straw Market By Straw Length
14.4.13.5 Singapore Paper Straw Market By Straw Diameter
14.4.13.6 Singapore Paper Straw Market By Application
14.4.14 Australia
14.4.14.1 Australia Paper Straw Market By Material
14.4.14.2 Australia Paper Straw Market By Type
14.4.14.3 Australia Paper Straw Market By Product
14.4.14.4 Australia Paper Straw Market By Straw Length
14.4.14.5 Australia Paper Straw Market By Straw Diameter
14.4.14.6 Australia Paper Straw Market By Application
14.4.15 Rest of Asia-Pacific
14.4.15.1 APAC Paper Straw Market By Material
14.4.15.2 APAC Paper Straw Market By Type
14.4.15.3 APAC Paper Straw Market By Product
14.4.15.4 APAC Paper Straw Market By Straw Length
14.4.15.5 APAC Paper Straw Market By Straw Diameter
14.4.15.6 APAC Paper Straw Market By Application
14.5 The Middle East & Africa
14.5.1 Middle East
14.5.1.1 Middle East Paper Straw Market By country
14.5.1.2 Middle East Paper Straw Market By Material
14.5.1.3 Middle East Paper Straw Market By Type
14.5.1.4 Middle East Paper Straw Market By Product
14.5.1.5 Middle East Paper Straw Market By Straw Length
14.5.1.6 Middle East Paper Straw Market By Straw Diameter
14.5.1.7 Middle East Paper Straw Market By Application
14.5.1.8 UAE
14.5.1.8.1 UAE Paper Straw Market By Material
14.5.1.8.2 UAE Paper Straw Market By Type
14.5.1.8.3 UAE Paper Straw Market By Product
14.5.1.8.4 UAE Paper Straw Market By Straw Length
14.5.1.8.5 UAE Paper Straw Market By Straw Diameter
14.5.1.8.6 UAE Paper Straw Market By Application
14.5.1.9 Egypt
14.5.1.9.1 Egypt Paper Straw Market By Material
14.5.1.9.2 Egypt Paper Straw Market By Type
14.5.1.9.3 Egypt Paper Straw Market By Product
14.5.1.9.4 Egypt Paper Straw Market By Straw Length
14.5.1.9.5 Egypt Paper Straw Market By Straw Diameter
14.5.1.9.6 Egypt Paper Straw Market By Application
14.5.1.10 Saudi Arabia
14.5.1.10.1 Saudi Arabia Paper Straw Market By Material
14.5.1.10.2 Saudi Arabia Paper Straw Market By Type
14.5.1.10.3 Saudi Arabia Paper Straw Market By Product
14.5.1.10.4 Saudi Arabia Paper Straw Market By Straw Length
14.5.1.10.5 Saudi Arabia Paper Straw Market By Straw Diameter
14.5.1.10.6 Saudi Arabia Paper Straw Market By Application
14.5.1.11 Qatar
14.5.1.11.1 Qatar Paper Straw Market By Material
14.5.1.11.2 Qatar Paper Straw Market By Type
14.5.1.11.3 Qatar Paper Straw Market By Product
14.5.1.11.4 Qatar Paper Straw Market By Straw Length
14.5.1.11.5 Qatar Paper Straw Market By Straw Diameter
14.5.1.11.6 Qatar Paper Straw Market By Application
14.5.1.12 Rest of Middle East
14.5.1.12.1 Rest of Middle East Paper Straw Market By Material
14.5.1.12.2 Rest of Middle East Paper Straw Market By Type
14.5.1.12.3 Rest of Middle East Paper Straw Market By Product
14.5.1.12.4 Rest of Middle East Paper Straw Market By Straw Length
14.5.1.12.5 Rest of Middle East Paper Straw Market By Straw Diameter
14.5.1.12.6 Rest of Middle East Paper Straw Market By Application
14.5.2 Africa
14.5.2.1 Africa Paper Straw Market By Country
14.5.2.2 Africa Paper Straw Market By Material
14.5.2.3 Africa Paper Straw Market By Type
14.5.2.4 Africa Paper Straw Market By Product
14.5.2.5 Africa Paper Straw Market By Straw Length
14.5.2.6 Africa Paper Straw Market By Straw Diameter
14.5.2.7 Africa Paper Straw Market By Application
14.5.2.8 Nigeria
14.5.2.8.1 Nigeria Paper Straw Market By Material
14.5.2.8.2 Nigeria Paper Straw Market By Type
14.5.2.8.3 Nigeria Paper Straw Market By Product
14.5.2.8.4 Nigeria Paper Straw Market By Straw Length
14.5.2.8.5 Nigeria Paper Straw Market By Straw Diameter
14.5.2.8.6 Nigeria Paper Straw Market By Application
14.5.2.9 South Africa
14.5.2.9.1 South Africa Paper Straw Market By Material
14.5.2.9.2 South Africa Paper Straw Market By Type
14.5.2.9.3 South Africa Paper Straw Market By Product
14.5.2.9.4 South Africa Paper Straw Market By Straw Length
14.5.2.9.5 South Africa Paper Straw Market By Straw Diameter
14.5.2.9.6 South Africa Paper Straw Market By Application
14.5.2.10 Rest of Africa
14.5.2.10.1 Rest of Africa Paper Straw Market By Material
14.5.2.10.2 Rest of Africa Paper Straw Market By Type
14.5.2.10.3 Rest of Africa Paper Straw Market By Product
14.5.2.10.4 Rest of Africa Paper Straw Market By Straw Length
14.5.2.10.5 Rest of Africa Paper Straw Market By Straw Diameter
14.5.2.10.6 Rest of Africa Paper Straw Market By Application
14.6 Latin America
14.6.1 Latin America Paper Straw Market By Country
14.6.2 Latin America Paper Straw Market By Material
14.6.3 Latin America Paper Straw Market By Type
14.6.4 Latin America Paper Straw Market By Product
14.6.5 Latin America Paper Straw Market By Straw Length
14.6.6 Latin America Paper Straw Market By Straw Diameter
14.6.7 Latin America Paper Straw Market By Application
14.6.8 Brazil
14.6.8.1 Brazil Paper Straw Market By Material
14.6.8.2 Brazil Africa Paper Straw Market By Type
14.6.8.3Brazil Paper Straw Market By Product
14.6.8.4 Brazil Paper Straw Market By Straw Length
14.6.8.5 Brazil Paper Straw Market By Straw Diameter
14.6.8.5 Brazil Paper Straw Market By Application
14.6.9 Argentina
14.6.9.1 Argentina Paper Straw Market By Material
14.6.9.2 Argentina Paper Straw Market By Type
14.6.9.3 Argentina Paper Straw Market By Product
14.6.9.4 Argentina Paper Straw Market By Straw Length
14.6.9.5 Argentina Paper Straw Market By Straw Diameter
14.6.9.6 Argentina Paper Straw Market By Application
14.6.10 Colombia
14.6.10.1 Colombia Paper Straw Market By Material
14.6.10.2 Colombia Paper Straw Market By Type
14.6.10.3 Colombia Paper Straw Market By Product
14.6.10.4 Colombia Paper Straw Market By Straw Length
14.6.10.5 Colombia Paper Straw Market By Straw Diameter
14.6.10.6 Colombia Paper Straw Market By Application
14.6.11 Rest of Latin America
14.6.11.1 Rest of Latin America Paper Straw Market By Material
14.6.11.2 Rest of Latin America Paper Straw Market By Type
14.6.11.3 Rest of Latin America Paper Straw Market By Product
14.6.11.4 Rest of Latin America Paper Straw Market By Straw Length
14.6.11.5 Rest of Latin America Paper Straw Market By Straw Diameter
14.6.11.6 Rest of Latin America Paper Straw Market By Application
15 Company Profile
15.1 Hoffmaster Group Inc
15.1.1 Company Overview
15.1.2 Financials
15.1.3 Product/Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Transcend Packaging Ltd
15.2.1 Company Overview
15.2.2 Financials
15.2.3 Product/Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Huhtamaki Oyj
15.3.1 Company Overview
15.3.2 Financials
15.3.3 Product/Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Nippon Paper Group
15.4.1 Company Overview
15.4.2 Financials
15.4.3 Product/Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Tetra Pak
15.5.1 Company Overview
15.5.2 Financials
15.5.3 Product/Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 Footprint
15.6.1 Company Overview
15.6.2 Financials
15.6.3 Product/Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Fueling Technology
15.7.1 Company Overview
15.7.2 Financials
15.7.3 Product/Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Duni Group
15.8.1 Company Overview
15.8.2 Financials
15.8.3 Product/Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Soton Daily Necessity Co. Ltd
15.9.1 Company Overview
15.9.2 Financials
15.9.3 Product/Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Canada Brown Eco Products Ltd
15.10.1 Company Overview
15.10.2 Financials
15.10.3 Product/Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Bench marking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. USE Cases and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Nano-enabled Packaging Market Size was USD 32.67 billion in 2023 and will reach USD 99.02 billion by 2032 and grow at a CAGR of 13.03 % by 2024-2032.
The Molded Fiber Packaging Market Size was valued at USD 10.20 Billion in 2023 and is expected to reach USD 15.69 Billion by 2032 and grow at a CAGR of 5% over the forecast period 2024-2032.
The Ampoules Packaging Market Size was valued at USD 5.01 Billion in 2023 and will reach USD 9.61 Billion by 2032, growing at a CAGR of 7.51% by 2024-2032.
The Modified Atmosphere Packaging market size was USD 16.5 billion in 2023 and is expected to Reach USD 23.73 billion by 2031 and grow at a CAGR of 4.5% over the forecast period of 2024-2031.
The E-Commerce Packaging Market size was USD 70 billion in 2023 and is expected to Reach USD 162.37 billion by 2032 and grow at a CAGR of 9.8 % over the forecast period of 2024-2032.
The Glass Packaging Market size was valued at USD 63.90 billion in 2023 and is expected to Reach USD 93.34 billion by 2031 and grow at a CAGR of 4.85 % over the forecast period of 2024-2031.
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