Press release
Straw Market Size, Growth And Forecast Report 2033
Straw Market Size
As per the report, the straw market size has grown strongly in recent years. It will grow from $17.70 billion in 2023 to $18.85 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The straw market size is expected to see strong growth in the next few years. It will grow to $24.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16802&type=smp
Rising Beverage Consumption Fuels Growth Of Straw Market
The increasing consumption of beverages is expected to propel the growth of the straw market going forward. Beverages are liquids that are consumed for hydration, nutrition, or enjoyment. The demand for beverages is rising due to increasing consumer preferences for diverse, convenient, and premium drink options and heightened social and cultural trends surrounding beverage consumption. Straws are required for alcoholic and non-alcoholic beverages to facilitate more accessible and hygienic consumption, enhance the drinking experience, and prevent spills, especially in on-the-go situations. For instance, in February 2023, according to a report published by Statistics Canada, a Canada-based national statistical agency, alcoholic beverage sales at retail establishments and liquor authorities reached $26.1 billion for the fiscal year 2022, marking a 2.4% increase from the previous year. Further, wine sales rose by 2.1%, totaling $8.1 billion in 2021 and 2022. Therefore, the increasing consumption of beverages is driving the growth of the straw market.
SIG Group Introduces Recyclable Paper Straws
Major companies operating in the straw market focus on developing innovative products, such as recyclable straws, to promote eco-friendly options among consumers. A recyclable straw is a drinking straw made from easily recycled materials. For instance, in July 2022, SIG India, an India-based food packaging manufacturer, launched a range of recyclable paper straws with various dimensions, shapes, and utilities. In response to the massive environmental damage caused by plastic straws, SIG's paper straws provide an excellent biodegradable, non-plastic alternative. These straws are designed to balance functionality and sustainability effectively. Compatible with all SIG carton packs featuring a straw hole, they are typically paired with small-sized packs for easier consumption.
The straw market covered in this report is segmented -
1) By Product: Plastic, Bamboo, Metal, Paper, Glass, Silicone, Other Products
2) By Sales Channel: Manufacturers, Distributors, Retailers, E-Retail
3) By Straw Length: 20 Cm
4) By End Use: Foodservice, Institutional, Households
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=16802&type=discount
Major companies operating in the straw market are Tetra Pak International SA, Stora Enso, Nippon Paper Industries Co. Ltd., Pactiv Evergreen Inc., Huhtamaki Oyj, Crate and Barrel, Hoffmaster Group Inc., Duni AB, Eco-Products Inc., Vegware Ltd., Klean Kanteen, ConverPack Inc., StoneStraw Limited, Transcend Packaging, Final Co. LLC, UniversalPromo Inc., Straws & Stripes LLC, Steelys Drinkware, R&M Plastic Products Ltd., Koffie Straw, Jungle Straws, Gaia Eco Products Inc., Ever Eco, B&B Straw Pack Co. Ltd., Absolute Custom Extrusions Inc.
Contents of the report:
1. Executive Summary
2. Straw Market Report Structure
3. Straw Market Trends And Strategies
4. Straw Market - Macro Economic Scenario
5. Straw Market Size And Growth
…..
27. Straw Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/straw-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Straw Market Size, Growth And Forecast Report 2033 here
News-ID: 3633966 • Views: …
More Releases from The Business research company
Outlook on the Police Riot Equipment Market: Major Segments, Strategic Developme …
The police riot equipment market is set for significant growth in the coming years, driven by technological advancements and evolving law enforcement needs. As agencies worldwide seek more effective and adaptable gear, the market is poised to expand steadily through 2030. Let's explore the market's anticipated size, key drivers, notable players, emerging trends, and detailed segmentations.
Anticipated Growth Trajectory of the Police Riot Equipment Market
The police riot equipment market size…
Segment Evaluation and Major Growth Areas in the Payload Adapter Separation Syst …
The payload adapter separation system market is gearing up for substantial expansion as satellite deployment and space missions continue to gain momentum worldwide. Advancements in technology alongside increasing demand for flexible and reliable payload solutions are setting the stage for notable growth over the next several years. Below, we explore the market's size, leading players, key trends, and segment details shaping this evolving sector.
Projected Market Size and Growth Trajectory for…
Key Trends and Emerging Changes Shaping the Orbital Maneuvering Vehicle Market L …
Exploring the future of space logistics reveals exciting potential for the orbital maneuvering vehicle market. As demand for advanced satellite management and space transportation grows, this sector is set to experience notable advancements and expansion in the coming years. Let's delve into the market's size projections, leading players, current trends, and key segments shaping its evolution.
Projected Growth and Market Size of the Orbital Maneuvering Vehicle Market
The orbital maneuvering vehicle…
Emerging Sub-Segments Transforming the Nuclear Power Plant Market Landscape
The nuclear power plant industry is positioned for steady development as the world increasingly emphasizes sustainable and low-carbon energy sources. Innovations in reactor technology and growing global collaboration are shaping the future of this sector. Let's explore the market's current outlook, key players, influential trends, and segmentation details to understand how this industry is evolving toward 2030.
Projected Growth and Market Size in the Nuclear Power Plant Market
The nuclear power…
More Releases for Straw
Major Growth Driver Identified in 2025 Straw Market: Rising Beverage Consumption …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Straw Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The straw market has witnessed strong growth in recent years. It is anticipated to increase from $18.85 billion in 2024 to $19.97 billion in 2025 at a CAGR of 5.9%.
Straw Market Size Forecast: What's the Projected…
Acrylic cup with straw
Acrylic cup with straw
Acrylic cup with straw is convenient, but the sealing of the lid of the acrylic cup with straw becomes one of our most concerned issues when we need to carry it out. Acrylic cup with straw with poor sealing will leak. However, the sealing of acrylic cup with straw of good quality adopts high-quality silicone sealing design, which can effectively prevent liquid from spilling. In addition, the…
Paper Straw Market 2032
Ameco Research is proud to announce the launch of its latest market research report, Paper Straw Market. This comprehensive report provides in-depth analysis and insights into the current market trends and future projections in the Industry/Market Segment. Ameco Research has been at the forefront of providing quality market research reports to its clients. With its vast experience and extensive research capabilities, the company has been able to provide valuable insights…
Telescopic Straw market: Forecasts on Production, Consumption, and Sales | Nippo …
"
The Telescopic Straw global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key factors.…
Global Wheat Straw Pulp Market, Global Wheat Straw Pulp Industry, Covid-19 Impac …
Wheat is a primary kind of crop, wheat flour can be processed into the steamed bun, bread, noodles, cookies and several others. Wheat also applies to beer production and the biomass fuel creation. Wheat is rich protein, starch, fat, mineral, iron, thiamine, calcium, niacin, riboflavin and Vitamin A and several others. As one of the three foremost grain, wheat is majorly utilized to eat, and only one-sixth of wheat is…
Paper Straws Market To See Stunning Growth | YIWU JinDong Paper, Footprint LLC, …
Market Intellix (MI) published a new report, titled, "Paper Straws Market." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.
The report offers…
