The global paper straw market size was valued at USD 1.45 billion in 2022. The market is set to grow from USD 1.51 billion in 2023 to USD 2.23 billion by 2030, exhibiting a CAGR of 5.75% over the forecast period. The rise can be credited to the surging product demand on account of a government ban on single-use plastics.
This information is provided by Fortune Business Insights™ in its research report, titled “Paper Straw Market, 2023-2030”.
Information Source:
https://www.fortunebusinessins....ights.com/paper-stra
Report Coverage:
The report gives an analysis of the prominent factors impelling business expansion over the forecast period. It further delves into the significant trends propelling the industry landscape throughout the projected period. Additional insights include the key steps taken by major market participants for strengthening their industry foothold.
Key Industry Development:
- September 2021 – Nestle rolled out a sustainable paper straw for Milo's drink. In collaboration with the IPL team Royal Challengers Bangalore (RC, the initiative is centered on promoting sustainability.