How Has the Straw Market Size Evolved in Recent Years?
The straw market has seen considerable growth due to a variety of factors.
• The straw market has seen solid growth in recent years. It is expected to increase from $18.85 billion in 2024 to $20.16 billion in 2025, reflecting a CAGR of 6.9%.
Growth drivers include a growing focus on using agricultural by-products, increased demand for biodegradable products, the expanding market for eco-friendly straws in emerging economies, the implementation of incentives for renewable resources, and greater public awareness about environmental issues and plastic pollution.
What Are The Predictions for The Straw Market in the Coming Years?
The straw market is expected to maintain its strong growth trajectory in upcoming years.
• The straw market is expected to grow to $25.99 billion by 2029, with a CAGR of 6.6%.
This growth is driven by stricter plastic bans, corporate sustainability commitments, consumer demand for eco-friendly products, government support for green products, and improved biodegradable straw production methods. Trends include innovations in manufacturing, biodegradable materials, reduced costs for biodegradable straws, brand partnerships promoting sustainable packaging, and consumer education on biodegradable products.
Which Drivers Are Accelerating Growth In The Straw Market?
As beverage consumption surges, so does the growth of the straw market. Beverages, serving the purpose of hydration, nutrition, or pleasure, are witnessing a growing demand prompted by consumers' increasing inclination towards a variety of convenient and luxury drinks along with emergent sociocultural trends focused on beverage consumption. Straws, essential for consuming alcoholic and non-alcoholic drinks, make drinking easier and more hygienic, enhance the overall experience, and prevent accidents, especially in portable situations. For example, Statistics Canada, a national statistics agency in Canada, reported in February 2023, that the sales of alcoholic beverages in retail stores and liquor authorities touched $26.1 billion in the fiscal year 2022. This indicates a 2.4% growth compared to the preceding year. Additionally, the wine sales witnessed a 2.1% escalation amounting to $8.1 billion in 2021 and 2022. Consequently, the escalating consumption of beverages plays a significant role in fuelling the straw market's growth.
What Are The Core Segments Of The Global Straw Market?
The straw market covered in this report is segmented –
1) By Product: Plastic, Bamboo, Metal, Paper, Glass, Silicone, Other Products
2) By Sales Channel: Manufacturers, Distributors, Retailers, E-Retail
3) By Straw Length: <9 Cm, 9-15 Cm, 16-20 Cm, >20 Cm
4) By End Use: Foodservice, Institutional, Households
Subsegments:
1) By Plastic: Single-Use Plastic Straws, Reusable Plastic Straws
2) By Bamboo: Single-Use Bamboo Straws, Reusable Bamboo Straws
3) By Metal: Stainless Steel Straws, Aluminum Straws
4) By Paper: Biodegradable Paper Straws, Laminated Paper Straws
5) By Glass: Borosilicate Glass Straws, Soda-Lime Glass Straws
6) By Silicone: Flexible Silicone Straws, Reusable Silicone Straws
7) By Other Products: Edible Straws, Wheat Straw, Other Biodegradable Or Alternative Material Straws
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Which Emerging Market Trends Are Altering The Straw Industry?
Major corporations in the straw industry are prioritizing the creation of innovative items such as recyclable straws, in an effort to advocate for more environmentally friendly alternatives among buyers. A recyclable straw is made from materials that can be easily recycled. For example, in July 2022, SIG India, a food packaging company based in India, introduced a variety of recyclable paper straws with different sizes, forms, and uses. This was in response to the substantial environmental harm caused by plastic straws. The paper straws from SIG serve as a superior biodegradable, non-plastic option. These straws are devised to efficiently strike a balance between functionality and sustainability. They are compatible with all SIG carton packages featuring a straw hole and are often combined with smaller packs for convenient consumption.
Who Are the Key Players In The Straw Market?
Major companies operating in the straw market are:
• Tetra Pak International SA
• Stora Enso
• Nippon Paper Industries Co. Ltd.
• Pactiv Evergreen Inc.
• Huhtamaki Oyj
• Crate and Barrel
• Hoffmaster Group Inc.
• Duni AB
• Eco-Products Inc.
• Vegware Ltd.
• Klean Kanteen
• ConverPack Inc.
• StoneStraw Limited
• Transcend Packaging
• Final Co. LLC
• UniversalPromo Inc.
• Straws & Stripes LLC
• Steelys Drinkware
• R&M Plastic Products Ltd.
• Koffie Straw
• Jungle Straws
• Gaia Eco Products Inc.
• Ever Eco
• B&B Straw Pack Co. Ltd.
• Absolute Custom Extrusions Inc.
What Are The Regional Insights Into The Straw Market?
Asia-Pacific was the largest region in the straw market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the straw market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
