In the past few decades, growing environmental concerns in the past few years have triggered several industries to change the way they operate. As the effects of climate change start to appear in a drastic manner, strict actions are being taken to limit the environmental damage. These actions include stringent government regulations and incentives to adopt eco-friendly practices and lifestyles. One of the major pollutants of both land and oceans is plastic products, mainly single-use plastics such as straws and plastic bags. These products are seldom reused or recycled. As per some estimated, the number of plastic straws on all of the world’s beaches can be as high as 8.3 billion. Paper straws have emerged as a notable alternative to plastic straws. With time, more high-quality paper straws have entered the market. These developments are leading the global paper straws market to sound maturity.
Paced Efforts to Limit Environmental Damage to Stimulate Market Expansion
World over, the challenge of pollution has been growing in terms of seriousness. Such alarming trends have called several governments to action across the globe. One of the major pollutants of land and water is single-use plastics. As plastics have an extremely slow decomposition rate and contain several harmful chemicals, governments and environmental regulatory bodies are making notable efforts to limit their exposure to the environment. Among all types of plastics, single-use plastics have come under serious scrutiny as they are used only once before becoming garbage. To limit such harmful wastage, eco-friendly alternatives are being promoted. This is creating growth opportunities in the global paper straws market
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Soaring Demand for Virgin Paper Straws to Create Growth Prospects
While paper straws are more eco-friendly than their plastic counterparts, they often start to disintegrate during usage. Since most of the paper staws in use today are made from recycled paper, they are not as structurally strong. To overcome such challenges, several market players have introduced virgin paper straws. Such paper straws have higher quality, are sturdier, more dependable, have better absorbency rates, and are overall more efficient. The market players in the virgin paper straws market are able to deliver a more premium and hygienic experience to consumers. These attributes are expected to boost the demand for virgin paper straws, thereby contributing to the growth of the overall paper straws market.
Asia Pacific to Dominate Paper Straws Market Amidst Thriving Food and Beverage Industries
Several economies in Asia Pacific have taken progressive steps to eliminate single-use plastics. Such a business environment is boding well for the regional paper straws market. Countries such as India and China are leading the way via strict plastic bans. The regions also have flourishing food and beverage industries, which creates a sustained demand for paper straws across the region. In the coming years, government regulations on plastic production and usage are expected to get stricter. Meanwhile, Europe is poised to exhibit the fastest market growth owing to its thriving food industry and policies to limit plastic usage.
Prominant Market Players
The most competitive players in the global paper straws market include Hoffmaster Group Inc. (Aardvark), Huhtamäki Oyj., Vegware Ltd., Biopac UK Ltd., Austraw Pty Ltd T/as Bygreen, U.S. Paper Straw, Footprint LLC, Okstraw, Transcend Packaging Ltd., PT. Strawland, and The Paper Straw Co.
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