Global Paper Straws Market � Industry Analysis and Forecast (2020-2027)

Shekhar125 Feb, 2021Business

Paper straws are made attractive, durable for particular products, different shapes, size and thanks to R&D in this sector, which gives it an advantage in global market. According to end use, food service industry is a significant consumer of paper straws, and the rising number of food outlets is boosting the demand for paper straws significantly. On an average, online food delivery platforms in developing countries such as India, offer over 40% return on investment. This is leading to intense competition across food delivery platforms among food service companies, which provides productive opportunities to food disposable products such as paper straws. Consumers' inclination towards suitable products and availability of paper straws in printed forms with attractive designs are also offering a positive outlook for the global paper straws market. On the other hand, Paper straws cost higher than plastic-based straws, which may affect the paper straws market adversely.