Straw Trends and Forecast
The future of the global straw market looks promising with opportunities in the foodservice, institutional, and household markets. The global straw market is expected to grow with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are expanding global awareness initiatives aimed at promoting environmental sustainability and minimizing plastic waste, along with heightened consciousness over plastic pollution and governmental policies prohibiting or limiting the usage of single-use plastic straws.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Straw by Segment
The study includes a forecast for the global straw by product, straw length, end use, and region.
Straw Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Plastic
• Bamboo
• Metal
• Paper
• Glass
• Silicone
• Others
Straw Market by Straw Length [Shipment Analysis by Value from 2018 to 2030]:
• <9 Cm
• 9-15 Cm
• 16-20 Cm
• >20 Cm
Straw Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Foodservice
• Institutional
• Households
Straw Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Straw Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies straw companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the straw companies profiled in this report include-
• Hoffmaster Group
• Transcend Packaging
• Footprint
• Huhtamaki
• BYGREEN
• Royal Paper Industries
• Canada Brown Eco Products
• Charta Global
• Soton Daily Necessities
• Tetra Pak International
Straw Market Insights
Lucintel forecasts that plastic will remain the largest segment over the forecast period.
Within this market, foodservice will remain the larger segment because they improve an eating experience for guests by offering a clean and convenient way to sip drinks, prevent against spills, and maintain presentation standards.
APAC will remain the largest region over the forecast period due to increase in consumer desire for and adoption of environmentally and health-conscious straws.
Features of the Global Straw Market
Market Size Estimates: Straw market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Straw market size by product, straw length, end use, and region in terms of value ($B).
Regional Analysis: Straw market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, straw length, end use, and regions for the straw market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the straw market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for straw market?
Answer: The global straw market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the straw market?
Answer: The major drivers for this market are expanding global awareness initiatives aimed at promoting environmental sustainability and minimizing plastic waste, along with heightened consciousness over plastic pollution and governmental policies prohibiting or limiting the usage of single-use plastic straws.
Q3. What are the major segments for straw market?
Answer: The future of the global straw market looks promising with opportunities in the foodservice, institutional, and household markets.
Q4. Who are the key straw market companies?
Answer: Some of the key straw companies are as follows:
• Hoffmaster Group
• Transcend Packaging
• Footprint
• Huhtamaki
• BYGREEN
• Royal Paper Industries
• Canada Brown Eco Products
• Charta Global
• Soton Daily Necessities
• Tetra Pak International
Q5. Which straw market segment will be the largest in future?
Answer: Lucintel forecasts that plastic will remain the largest segment over the forecast period.
Q6. In straw market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increase in consumer desire for and adoption of environmentally and health-conscious straws.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the straw market by product (plastic, bamboo, metal, paper, glass, silicone, and others), straw length (<9 cm, 9-15 cm, 16-20 cm, and >20 cm), end use (foodservice, institutional, and households), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Straw Market, Straw Market Size, Straw Market Growth, Straw Market Analysis, Straw Market Report, Straw Market Share, Straw Market Trends, Straw Market Forecast, Straw Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.