Press release
Compostable Straw Market is Estimated to Reach USD 354.48 Million by the end of 2029: Cognitive Market Research
Market Overview:Compostable Straw are considered to be eco-friendly straws which requires commercial or home composters for its proper degradation. These are made from the plant material which are compostable and can be fully compost in commercial compost facilities to produce the useful end product such as fertilizers.
Materials such as Polyhydroxyalkanoates (PHAs) derived from canola oil and polylactide (PLA) made from corn starch are used to manufacture Compostable Straw.
Increasing concern of waste generation and accumulation on the land-field and in ocean, rising trends for eco-friendly products and increasing demand from the drink and beverages industries are few of the factors which is driving the growth of market.
Market Insight:
• Global Compostable Straw Market is expected to reach USD 354.48 Million by the end of 2029, growing at a CAGR of 11.04% between 2022 and 2029.
• PLA Revenue is anticipated to reach at USD 295.91 Million in 2029
• Drinks Revenue in Compostable Straw is estimated to reach USD 222.08 Million in 2029.
• 7.75" Revenue in Compostable Straw is projected to reach USD 85.03 Million in 2029.
• Online Revenue in Compostable Straw is anticipated to reach USD 154.15 Million in 2029.
• North America Compostable Straw market size is estimated to reach USD 121.69 Million in 2029.
To know more The Compostable Straw Market statistics click here: https://www.cognitivemarketresearch.com/compostable-straw-market-report
Market Drivers:
Rising concern associated with plastic waste generation
Plastic manufacturing has risen, and so has its impact on the environment, particularly to the world's seas. Plastic straws contribute significantly to this impact. Plastic straws were created to be a one-time-use utensil that consumers use to consume drinks before discarding them after only one usage.
Keeping in the mind this environmental impact, across the world, countries and states are taking action to ban or limit single-use plastics and clean up the environment. For instance, the USA, California, Oregon, and Hawaii have plastic bans in place (at the time of writing), while the European Union has set a deadline of 2021 to ban single-use plastics.
Thus, many straw manufacturers are inclined towards the alternative straws which raises the demand for compostable straw. As a result, rising concern associated with plastic waste generation drives the growth of the compostable straw market.
Rising usage of compostable straw in beverage outlets
• Restraints for Compostable Straw Market
Requirement of proper management
• Opportunities for Compostable Straw Market
Rising demand for ready to drink beverage
Cognitive Market Research Company's Research Methodology - https://www.cognitivemarketresearch.com/research-methodology
Market Segmentation:
Type:
• PLA
Polylactic acid or polylactide (PLA) is polyester which is derived from fermentation of plant starch. PLA straws are referred to corn-based bioplastic made of a biodegradable resin obtain from corn starch and are 100% compostable. These are non-toxic and strong just like traditional plastics straws hence are widely used for consumption of the juices, iced coffees & teas, sodas among others.
• PHA
PHA straws are referred to the straws which are made from bio-based materials. These straws look like normal plastic straw and are 100% compostable. PHA straws are marine degradable and home & industrial compostable. Moreover, it has significant strength and comparatively faster compostability and hence are significantly adopted in the market as the replacement to plastic straw.
Application:
• Drinks
Compostable straw is widely used for consumption of drinks such as soda, juices, cocktails, mocktails, etc. These straws are eco-friendly as they can be decomposed in the house backyard or in oceans after consuming the drinks. As the drinking product are being widely made available in the restaurant, hotels, and in the form of packaged drinking products, the market of compostable drinking straw has significant share in drinks application.
• Tea
The compostable straw is widely used for the drinking of iced tea in the restaurant, cafes etc. Moreover, the packaged iced tea products also offer the straw for convenient consumption of tea.
• Coffee
Size:
• 7.75"
7.75"-7.9" long compostable straw are perfect companion for 10-20 oz cups.
• 7.90"
These are also considered as the standard size straw for small to medium sized glasses.
• 8.25"
• 10.00"
• Others
Distributional Channel:
• Online
• Offline
Get free sample pages of latest published Compostable Straw Market Report: https://www.cognitivemarketresearch.com/compostable-straw-market-report
Competitive Analysis for Compostable Straw Market:
Aardvark Straws, Lollicup USA, AmerCareRoyal, Canada Brown Paper Straws, StoneStraw Limited, Vegware, Minima, Western Plastics, Hay Straws, Evanesce Inc.
• AmerCareRoyal
AmerCareRoyal is a based manufacturer of disposable products. The company produces about 6,000 disposable products that are used in the food service, janitorial, sanitation, industrial, hospitality and medical industries. The products offered by company are cutlery, picks & skewers, disposable bags, protective wear, disposable cups, straws, gloves, headwear & hair restraints, napkins, takeout products and many others.
NEWS:
December 2021,
• AmerCareRoyal has acquired of Ross & Wallace Paper Products, Inc.
AmerCareRoyal has acquired of Ross & Wallace Paper Products, Inc. This acquisition is expected to extends the scope and capability of the North America foodservice industry's leading single-stream resource for disposable products.
• Evanesce Inc.
Evanesce offers sustainable solution for packaging industry. Evanesce develops sustainable molded starch trays, molded starch bowls, biocompostible straws, hot beverage cups, which replace plastic material in packaging industry. The company specializes in offering plant-based products at low cost through utilization starch molded technology, which offers diverse range of sustainable packaging solutions in the market.
Related Report:
• Compostable Foodservice Packaging Market- https://www.cognitivemarketresearch.com/compostable-shrink-wrap-market-report
• Compostable and Biodegradable Dog Poop Bags Market- https://www.cognitivemarketresearch.com/compostable-and-biodegradable-dog-poop-bags-market-report
• Compostable Bags Market- https://www.cognitivemarketresearch.com/compostable-bags-market-report
• Compostable Shrink Wrap Market- https://www.cognitivemarketresearch.com/compostable-foodservice-packaging-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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