Press release
Eco Friendly Straws Market Latest Advancements and Business Opportunities 2030
The global eco-friendly straw market is expected to witness a positive growth trend through 2030, mainly due to growing interest in sustainable manufacturing and consumption. The report found that awareness of growing interest in sustainable living and environmental protection will influence investment in green products and straws as a category will benefit.
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The demand for eco-friendly straws is particularly strong in the food service sector, with a growing proportion of consumers preferring fast food and other ready-to-eat meals.
Growing interest in reducing plastics:
In 2018, 250 organizations representing one-fifth of the world’s plastic packaging produced worldwide announced their commitment to reducing waste and pollution through the New Plastics Economy Global Commitment.
The initiative brought together various member groups from companies such as H&M, Unilever, PepsiCo, L’Oréal, Nestle and Coca-Cola, as well as several well-known organizations such as WWF, WEF and Consumer Goods Forum.
Main Content:
Global eco-friendly straw market expected to grow at a CAGR of 4.9% until 2030
Strict legal provisions combined with NGO awareness campaigns to curb plastic waste to drive market growth
Virgin Kraft Paper Sees Maximum Adoption in Green Straw Production Due to Enhanced Material Neutrality
Exceed $2 billion in revenue from e-commerce channels by 2030
Europe will witness more investment in eco-friendly straws
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competitive landscape:
Key players are diversifying their product portfolios to focus on expanding their reach globally. They also conduct awareness campaigns and strategic partnerships with existing players to minimize the use of non-recyclable materials.
Recently, in May 2020, Huhtamaki Oyj announced a global partnership with WasteAid to drive community-level circular economy innovation in key regions. The collaboration aims to provide education and training in waste management and recycling systems and to work with key stakeholders in India, Vietnam and South Africa.
Main sector-
ingredient:
Paper
virgin kraft paper
recycled paper
pasta
glass
bamboo
Polylactic acid (PLA)
metal
product type:
straight straw
not printed
flexible straw
not printed
Straw Width/Diameter:
< 7mm
7-10mm
10-15mm
> 15mm
distribution channel:
Manufacturer (Direct Sales)
agency
retail store
supermarket
supermarket
Convenience
specialty store
Discount Store and Warehouse/Wholesale Club
electronic retail
end use:
food service
Hotel & Logistics
bar and lounge
Cafe and fast food restaurant
Cinema
Air and rail catering
Agency
educational
health care
Enterprise
home
Regional data for the question: https://www.futuremarketinsights.com/ask-country-specific/rep-gb-12573
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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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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