Posted 3/6/2024, 6:56:00 AM
Paper Straw Market Poised for 14% Growth to Reach $8B by 2032 amid Plastic Straw Bans
- Paper Straw Market size projected to reach $8 billion by 2032, registering 14.3% CAGR over forecast period
- Growth driven by government regulations banning plastic straws and rising demand from hospitality and food service sectors
- Virgin paper straws to see high demand due to superior quality and durability compared to recycled paper
- Household segment recording notable growth through 2032 as more consumers embrace sustainable living
- North America to exhibit robust 14%+ CAGR from 2023-2032 owing to efforts of manufacturers and stringent regulations