Paper Straws Market Growth | Key Vendors, Drivers, Emerging Trend and Forecast to 2024
The already booming global paper straw market is expected to gain further prominence over the forecast period. In 2018, paper straws accounted for around 10% of the global straws market, which was then valued at nearly USD 14.36 BN . Paper straw market growth is majorly driven by the increasing awareness of the hampering effects on the environment caused by plastic materials. Moreover, the growing preference for biodegradable products accelerates the growth of the market. Recently, biodegradable straws have gained immense popularity due to the threat of land & water pollution caused by toxic substances in plastic. This, as a result, drives huge demand for paper straws as a non-toxic, biodegradable, and environment-friendly alternative to plastic straws. According to Market Research Future (MRFR), the global Paper Straws Market Growth is poised to create a value of USD 2.44 BN by 2024, growing at a staggering 12.61 % CAGR during the assessment per...