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Straw Global Market Report 2024
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A straw is a slender tube designed for sipping and consuming beverages. It is commonly employed for soft drinks, milkshakes, cocktails, and other liquid refreshments, offering a convenient and hygienic means of consumption. Straws facilitate easier and more controlled intake of beverages, which is particularly beneficial for individuals with mobility or accessibility challenges.

Straws are available in various materials including plastic, bamboo, metal, paper, glass, silicone, and others. Plastic straws, for instance, are small cylindrical tubes crafted from plastic materials, primarily utilized for drinking beverages. They are distributed through multiple channels such as manufacturers, distributors, retailers, and e-retailers, and are offered in different lengths categorized as <9 cm, 9-15 cm, 16-20 cm, and >20 cm. These straws serve diverse end-users including food service establishments, institutions, and households.

The straw market research report is one of a series of new reports from The Business Research Company that provides straw market statistics, including straw industry global market size, regional shares, competitors with a straw market share, detailed straw market segments, market trends, and opportunities, and any further data you may need to thrive in the straw industry. This straw market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The straw market size has grown strongly in recent years. It will grow from $17.70 billion in 2023 to $18.85 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. During the historic period, growth can be attributed to several factors including a growing emphasis on utilizing agricultural by-products, heightened demand for sustainable and biodegradable products, expanding markets for biodegradable straws in emerging economies, implementation of subsidies and incentives for renewable resources, and increasing public awareness regarding environmental issues and plastic pollution.

The straw market size is expected to see strong growth in the next few years. It will grow to $24.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth expected during the forecast period is driven by several factors, stricter bans on single-use plastics, corporate commitments to sustainability and zero-waste initiatives, a consumer shift towards eco-friendly and organic products, increased governmental support for green products through legislation, and advancements in producing biodegradable straws. Key trends anticipated include innovations in straw processing and manufacturing techniques, the emergence of straws made from diverse biodegradable materials, reduced costs of biodegradable straws due to economies of scale, collaborations between brands to promote sustainable packaging, and heightened consumer education about the advantages of biodegradable products.

The rising consumption of beverages is expected to drive the growth of the straw market in the future. Beverages, which include liquids consumed for hydration, nutrition, or enjoyment, are experiencing increased demand due to consumer preferences for a wider variety, convenience, and higher-quality drink options, as well as cultural and social trends surrounding beverage consumption. Straws play a crucial role in both alcoholic and non-alcoholic beverages by facilitating easier and more hygienic consumption, enhancing the drinking experience, and preventing spills, particularly in mobile settings. For example, a February 2023 report from Statistics Canada indicated that sales of alcoholic beverages at retail establishments and liquor authorities in Canada reached $26.1 billion for the fiscal year 2022, marking a 2.4% increase from the previous year. Additionally, wine sales increased by 2.1%, totaling $8.1 billion in 2021 and 2022. Thus, the growing consumption of beverages is a significant driver of the straw market's expansion.

Major companies in the straw market are increasingly focusing on developing innovative products such as recyclable straws to encourage eco-friendly choices among consumers. A recyclable straw is crafted from materials that are easily recyclable after use. For instance, in July 2022, SIG India, a food packaging manufacturer based in India, introduced a series of recyclable paper straws featuring various sizes, shapes, and applications. These straws from SIG address significant environmental concerns associated with plastic alternatives by offering a highly biodegradable, non-plastic option. They are engineered to blend functionality with sustainability, designed to fit seamlessly with all SIG carton packs featuring straw holes, often paired with smaller-sized packs for convenient consumption.

In August 2022, Matrix Pack SA, a Greece-based company specializing in paper straws and biodegradable lids for beverages, acquired the Paper Straw Co., a UK-based paper straw manufacturer, for an undisclosed sum. This acquisition is aimed at expanding the product offerings of the Paper Straw Co. (TPSC) and increasing its market presence in the UK and Irish markets.

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.

Asia-Pacific was the largest region in the straw market in 2023. 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.

The countries covered in the straw market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The straw market consists of sales of custom printed and wrapped paper straws, aluminum straws, compostable straws and related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Straw Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on straw market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for straw ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The straw market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Scope

Table of Contents

1. Executive Summary

2. Straw Market Characteristics

3. Straw Market Trends And Strategies

4. Straw Market - Macro Economic Scenario

5. Global Straw Market Size and Growth

6. Straw Market Segmentation

7. Straw Market Regional And Country Analysis

8. Asia-Pacific Straw Market

9. China Straw Market

10. India Straw Market

11. Japan Straw Market

12. Australia Straw Market

13. Indonesia Straw Market

14. South Korea Straw Market

15. Western Europe Straw Market

16. UK Straw Market

17. Germany Straw Market

18. France Straw Market

19. Italy Straw Market

20. Spain Straw Market

21. Eastern Europe Straw Market

22. Russia Straw Market

23. North America Straw Market

24. USA Straw Market

25. Canada Straw Market

26. South America Straw Market

27. Brazil Straw Market

28. Middle East Straw Market

29. Africa Straw Market

30. Straw Market Competitive Landscape And Company Profiles

31. Straw Market Other Major And Innovative Companies

32. Global Straw Market Competitive Benchmarking

33. Global Straw Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Straw Market

35. Straw Market Future Outlook and Potential Analysis

36. Appendix

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