Profits from the straw market will be relatively higher in (Europe, Oceania, North America).

In recent years, the number of dining-out restaurants has increased significantly. This remains one of the major factors driving straw consumption worldwide. A significant shift in preference from plastics to alternatives to recycled and biodegradable materials has been a major trend shaping straw sales. Based on these factors , the straw market is projected to expand at a strong CAGR of nearly 7% during the forecast period (2019-2029).

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Paper is witnessing steady growth in demand as an environmentally friendly and sustainable alternative to single-use plastics, which represents a huge opportunity for paper straws in the near future. Currently, plastic and paper straws account for the majority of global market revenue.

In addition to considering recyclability, straw manufacturers should focus on investing in new material combinations to improve the quality of their straws. In addition, small and medium-sized companies in the global straw market should expand their marketing investments through online food service platforms to establish themselves as brands.

Key Implications – Straw Market Study

Plastic straws are the most common garbage found in the ocean. To overcome this and reduce the consumption of plastic straws, various manufacturers are offering straws that can be recycled, reused and composted.

An increase in bars, lounges, restaurants and quick-service restaurants is driving the consumption of straws.
Brand owners are expected to engage consumers by investing in marketing and product branding.
The Global Strawberry Market is segmented in detail to cover all aspects of the market and to provide readers a complete market intelligence approach.

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product:
plastic
bamboo
metal
Paper
Glass
silicon
Etc

straw length;
20cm

sales channel:
manufacturer
agency
retailer
electronic retail

end use:
food service
Agency
furniture

Electronic catering and online food service platform driving straw market growth

The online food service platform is driving straw sales worldwide by providing convenient shipping at low cost along with efficient packaging solutions. As the consumption pattern of the F&B industry changes from offline to online sales channels, it is expected to drive the growth of the straw market. The growing number of fast food outlets and restaurants is expected to drive tremendous demand for straws over the next few years.

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Straw Market - Key trends shaping the competition

Manufacturers of Straws Market are adopting collaborative strategies to expand their global reach. Leading players are offering a wide range of options for straw consumers, such as collapsible straws, biodegradable straws, recyclable straws, reusable straws, and straw (hay) straws.

Collaboration and Joint Ventures
Stora Enso Oy, a leader in the packaging industry, and Sulapac Oy, a cosmetic packaging solution provider, collaborated to develop a renewable straw 'Sulapac Straw'.
product launch
Straw maker FinalStraw introduced a new product called 'folding straw' that entered the straw market. It is foldable with a keychain, portable and reusable.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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This release was published on openPR.