Tuesday, 28 August 2018

Paper Straws Market Prophesied to Grow at a Faster Pace by 2028

In recent few years food service packaging market have seen a significant growth and is expected to grow in future. In food service packaging for beverages, straw are considered to be the most important product in developed and developing countries across the globe. The increasing pollution from disposing of plastic packaging across the globe are creating problems for the ecosystem. In addition, similar such products are paper straws which are also a one of the cause for pollution. Moreover, for avoiding such type of contamination paper straws are being introduced from many countries across the globe by banning plastic straws.
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Paper straws are environment friendly straws which degrades after some months and vanishes into soil without harming the nature. Paper straws provide a sustainable packaging alternative to the plastic straws. But paper straws are comparatively more expensive than plastic straws which may create a barrier for the growth of paper straws market.
In March 2018, McDonald’s and several other food chains in U.K. and other developed countries made a ban of the usage of plastic straws as an initiative to reduce plastic waste. In 2018, U.S. also banned the usage of plastic straws in some of the states across the country. Similar such step has been taken by some of the states in India by banning the usage of plastic straws.
Such type of initiatives are also taken by some of the developed and developing countries such as South Africa, Thailand, Costa Rica, etc. across the globe for making ban on plastic straws and giving importance to paper straws. The growing preference of consumers towards the usage of environment – friendly packaging products are expected to drive the growth for paper straws market. This type of initiatives are expected to increase the market for paper straws.
Few of the key players in the paper straws market are Huhtamäki Oyj,, Tetra Pak International S.A., Aardvark Straws, Biopac (UK) Ltd, Merrypak, EcoPack, Dynamec, Pappco Greenware, Stone Straw Limited, Jiurong Packaging Co., Ltd., Naike Gifts Co., Ltd., Huiran Crafts Co., Ltd., Guanlin Paper Products Co., Ltd., Gorlando Commodity Co., Ltd., Gstar Plastics Co., Ltd., Ishow-Party Toy Factory, Heng Yue Paper Products Co., Ltd., etc.

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