Exploring Straw Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors

 According to Markntel Advisors Report, Straw Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

A straw or drinking straw denotes a slender, hollow tube that is typically open from top to bottom. It is utilized by consumers for drinking, but also to avoid contacting the vessel or utensil of the drink directly. Commercially available straws are sold in diverse shapes and lengths and are created from exceptional materials like plastic straws, metal straws, paper straws, bamboo straws, silicone straws, etc. The straws may be biodegradable or non-biodegradable and are broadly applied in food service stores.

 

Global Straw Market Research Report & Summary:

The Global Straw Market size was valued at USD 16.93 Billion in 2024 and is projected to reach USD 24.26 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.18% during the forecast period, i.e., 2025-30.     

Time Period Captured in the Report:

·         Historical Years: 2020-2023

·         Base Years: 2024

·         Forecast Years: 2025-2030

Who are the Key Players Operating in the Straw Market?

The top companies of the Straw Market ruling the industry are: 

Huhtamäki Oyj, Hoffmaster Group, Inc., Transcend Packaging, Canada Brown Eco Products Ltd, Alpha Charta d.o.o., Footprint, Tetra Pak Group, Nippon Paper Industries Co. Ltd., Stora Enso Oy, Bio Agave, Absolute Custom Extrusions Inc., Klean Kanteen, Simply Straws, Southeastern Liquid Analyzers Inc., Stone Straws Ltd., and Others

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Global Straw Industry Recent Development:

·         August 2023: Transcend Packaging has entered into a partnership with Klüber to make paper straws using vegetable lubricant while ensuring the removal of mineral oil aromatic hydrocarbons (MOAH) from the paper straws.

What is Included in Straw Market Segmentation?

The Straw Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Type

-Plastic Straws- Market Size & Forecast 2020-2030, Thousand Units

-Metal Straws- Market Size & Forecast 2020-2030, Thousand Units

-Paper Straws- Market Size & Forecast 2020-2030, Thousand Units

-Bamboo Straws- Market Size & Forecast 2020-2030, Thousand Units

-Silicone Straws- Market Size & Forecast 2020-2030, Thousand Units

-Others (Glass Straws, PLA straws, etc.) - Market Size & Forecast 2020-2030, Thousand Units

-By Straw Length

-<9 cm- Market Size & Forecast 2020-2030, Thousand Units

-9-15 cm- Market Size & Forecast 2020-2030, Thousand Units

-16- 20 cm- Market Size & Forecast 2020-2030, Thousand Units

->20 cm- Market Size & Forecast 2020-2030, Thousand Units

-By Material

-Biodegradable- Market Size & Forecast 2020-2030, Thousand Units

-Non-Biodegradable- Market Size & Forecast 2020-2030, Thousand Units

-By Shape

-Straight Straws- Market Size & Forecast 2020-2030, Thousand Units

-Bent or Curved Straws- Market Size & Forecast 2020-2030, Thousand Units

-Twist Straws- Market Size & Forecast 2020-2030, Thousand Units

-Others (Telescopic straws, Flexible Straws, etc.)- Market Size & Forecast 2020-2030, Thousand Units

-By Distribution Channel

-Offline- Market Size & Forecast 2020-2030, Thousand Units

-Direct Sales (B2B)- Market Size & Forecast 2020-2030, Thousand Units

-Supermarkets and Hypermarkets- Market Size & Forecast 2020-2030, Thousand Units

-Others- Market Size & Forecast 2020-2030, Thousand Units

-Online- Market Size & Forecast 2020-2030, Thousand Units

-By End Users

-Food Service Outlets- Market Size & Forecast 2020-2030, Thousand Units

-Restaurants- Market Size & Forecast 2020-2030, Thousand Units

-Cafés and Coffee Shops- Market Size & Forecast 2020-2030, Thousand Units

-Bars and Clubs- Market Size & Forecast 2020-2030, Thousand Units

-Fast Food Chains- Market Size & Forecast 2020-2030, Thousand Units

-Households- Market Size & Forecast 2020-2030, Thousand Units

-Food & Beverage Industries- Market Size & Forecast 2020-2030, Thousand Units

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

Explore the Complete Straw Market Analysis Report – https://www.marknteladvisors.com/research-library/straw-market.html

Market Dynamics -Global Straw Market:

Growth of Food Service Outlets Driving Market Demand – The adoption of paper straws and other sustainable straws replaces plastic straws. However, the growth in the overall Straw Market will come from the growth in food service outlets. This is primarily due to the extensive consumption of drinks and beverages in restaurants, café and coffee shops, bars & clubs, and fast food chains. In these food service outlets, drinks are generally served in a cup with a straw. This leads to the extensive consumption of single-use plastic straws. For example, Tim Hortons, a large multinational coffee and quick-service restaurant chain, uses an astonishing 300 million straws each year in its restaurant locations across Canada.

As the food service market continues to grow, the demand for straws will increase in tandem. Major global food service outlets (for example, Starbucks, Tim Hortons, Dunkin’, McDonald’s, and Burger King) have announced their growth strategy for the future, which will feature substantial store growth in new and developing markets around the world. Specifically, these companies intend to open more stores in the rapidly developing Asia-Pacific Region, which hosts immediate and emerging economies

(Indian and Chinese economies, respectively). Likewise, the Asia-Pacific region represents a large population base, expanding middle class, and increasing disposable income. These are significant points that outline the healthy future growth potential of the Straw Market.

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Why Markntel Advisor Report?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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