Many thought that the paper straw industry was just a fad. That some of the government and state regulations were being blown out of proportion. However if you’ve read our posts you’d know that we see Paper Straws a bit differently and it appears we aren’t alone. The paper straw market is projected to grow from USD 585 million in 2019 to USD 1,687 million by 2024, recording a CAGR of 23.6% during the forecast period.
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The increasing consumer demand for environment-friendly straws and growing intolerance toward the use of plastic straws are factors that are projected to drive the growth of the paper straws market for foodservice applications. The 7.75-8.5 inches segment is projected to lead the paper straw market from 2019 to 2024, in terms of value.
The foodservice segment, by end-use application, is projected to register the fastest growth in the paper straw market from 2019 to 2024.The wide range of applications of paper straws in the foodservice industry and the increase in the number of foodservice outlets, worldwide, drive the demand for paper straws in the market.
So what does this mean for the average person? For businesses it should be seen as an opportunity to stay ahead of the curve and prepare for the future. We have a huge selection of paper straws for sale. For consumers it means getting ready to see paper straws used at their favorite restaurants and fast food shops across the country.