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Straw Board Packaging Market is Booming Across the Globe, Explores the Latest Report
Straw Board Packaging Market
Straw Board Packaging refers to a method of packaging that is made with straw pulp to protect and transport a diverse range of products with efficiency. The adoption of straw board packaging is rapidly growing due to its various advantages, such as, biodegradability, light-weight and recyclability. Furthermore, straw board packaging consists of more than 80% of recycled content along with additional fresh pulp obtained from the sustainably managed forests. The rising awareness about environment among consumers is expected to boost the demand for straw board packaging in the upcoming time.
Straw Board Packaging Market - Dynamics
Drivers:
Straw boards are made of 100% high quality natural food grain straw, comprised of agricultural fibres which are left-over after harvests, by-product that is usually disposed of. The eco-friendly straw board packaging solution is fireproof and sometimes it works as a moisture resistant product too. These above mentioned factors are playing major roles in augmenting the straw board packaging market in the industry.
Restraints:
If not built properly, it is possible to end up with gaps between the straws. This can create thermal breakpoint can cause harm to the energy efficiency, and could allow damage to the respective product. Straw board packaging can also be a lung irritant. Furthermore, without proper maintenance, the packaging can quickly degrade and these factors might hinder the growth of straw board packaging market’s growth.
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Opportunities:
Rising concern about the environment
Nowadays people are suffering from different diseases caused by environmental pollution. This is resulting in spreading knowledge about the importance of a healthy environment which in turn forcing people to use biodegradable products more. The rising concern about environment is creating new opportunities for straw boards as packaging solution in the market. Moreover, various government rules and regulations implemented in various regions are helping the straw board packaging market to grow at a rapid speed.
Low-Embodied Energy and biodegradability
It doesn’t take much energy to grow and process straw. Apart from sunlight during the growth phase, the only other energy that is required at the time of transportation of straw boards. .
Trend of Biodegradable Products
New trend of using various biodegradable packaging solution especially in household is creating opportunities for straw board packaging market to grow higher.
Straw Board Packaging Market – COVID 19 Impact
Owing to Covid-19 the capacities and financial conditions of straw board packaging manufacturers have witness a shrink in their revenue. This pandemic has caused a widespread health catastrophe, which is badly affecting the financial markets of major countries and the end-use industries for straw board packaging. The overall longstanding effect of Covid-19 on the straw board packaging market is anticipated to depend upon various aspects such as global spread and period of the pandemic, the activities taken by several government authorities globally in response to the epidemic, and the harshness of the disease.
Straw Board Packaging Market - Segmentation
The global straw board packaging market is segmented by thickness, material type and end use.
By thickness, the global straw board packaging market is segmented as follows:
Up to 0.5 mm
0.5 mm to 1.5 mm
1.5 mm to 3 mm
3 mm to 4 mm
Above 4 mm
By material type, the global straw board packaging market is segmented as follows:
Rice
Barley
Wheat
Others
By end use, the global straw board packaging market is segmented as follows:
Building and Construction
Food & Beverages
Automotive
Healthcare
Personal Care & Cosmetics
Other End Use
Straw Board Packaging Market - Regional Outlook
Controlled by China and the U.K. respectively, global straw board packaging sales will remain focused in Asia and Europe. It is anticipated that there will be a lucrative profit in Germany and India, and this growth potential has been attributed to the booming beverage sector and rapid construction of building expansion in these countries. The growth of foodservice industry will particularly account for the sustained consumption of straw boards in the economies of Middle East & Africa.
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Straw Board Packaging Market - Key Players
Chesapeake Plywood, LLC
Nefab Group
Shyam Enterprises
Bharat Card Board & Gen Mills
National Paper Board Mills
The Straw Board Manufacturing Company Ltd.
The report on straw board packaging market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Straw board packaging market also maps the qualitative impact of various market factors on market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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