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Eco-friendly Straws Market to Receive Overwhelming Hike in Revenues by 2031 | TMR Study
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Global Eco-friendly straws market: Dynamics
Eco-friendly straws such as bamboo straw, compostable straws, metal & glass straws are replacing plastic straws, as latter one create a large amount of plastic waste. The global eco-friendly straws market is estimated to experience growth during the forecast period as per the number stringent regulations on plastic use. Nearly 500 million plastic straws are discarded daily in the U.S., but over the past few months, restaurants & hotel groups are preferring eco-friendly straws. The global usage of eco-friendly products is ultimately impacting trends & styles in the food and beverage industry. Reduction in usage of straws, which is a non-essential part, may hamper the growth of the global ecofriendly straws market. The eco-friendly straws market is estimated to have growth in Europe as food corporations such as McDonald's are trying to eliminate plastic-based products. The countries are shifting towards using straws made of sustainable products such as bamboo, paper, or glass, growing demand for eco-friendly straws. The eco-friendly straws market is estimated to have significant growth during the forecast period. Use of plastic straws has been prohibited in some regions of the United States, which is eventually expanding the eco-friendly straws market.
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Global Eco-friendly Straws market: Key Players
Huhtamäki Oyj.
Tetra Pak International S.A.
Aardvark Straws
Biopac (UK) Ltd.
Merrypak
Guanlin Paper Products Co., Ltd.
Straw Free
Bamboo Straws Worldwide
Simply Straws
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Global Eco-friendly Straws market: Regional Outlook
The global eco-friendly straws market is estimated to expand during the forecast period due to increasing consumer preferences towards reusable and recyclable products. The North America eco-friendly straws market is expected to experience significant growth in the upcoming years. The Asia Pacific region is expected to account for market share in terms of volume as per the increment in the growth of the retail sector and also growing consumer demands boosting eco-friendly straws market. The Latin America eco-friendly straws market is expected to experience a significant increase in the upcoming years.
Eco-friendly Straws: Key Developments
In June 2018, Huhtamäki Oyj., acquired Ajanta Packaging, is manufacturer of pressure sensitive labels.
Tetra Pak International S.A., launched Tetra pack plant secure, a plant management service
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