Press release
Drinking Straw Market Size, Share, Growth Insights and Report 2024-2031 | Hoffmaster Group Inc, Huhtamaki, Pactiv Evergreen
Drinking Straw Market - DataM Intelligence
DataM Intelligence has published a new research report on "Drinking Straw Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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Drinking Straws are small, cylindrical tubes used for sipping beverages, typically made from materials like plastic, paper, metal, or silicone. They allow liquid to be consumed directly from a container without tilting it, offering convenience and reducing spills. Straws are widely used in a variety of settings, from fast food and restaurants to homes and parties. In recent years, there has been a shift toward environmentally friendly alternatives such as biodegradable paper or reusable metal and bamboo straws, as concerns over plastic waste and environmental impact have grown.
Key Developments:
On January 2, 2023, Stora Enso successfully concluded the divestment of its Nymölla paper production site in Sweden, along with all associated assets, to Sylvamo, a prominent global producer of uncoated paper based in the United States. The transaction carries an enterprise value of approximately EUR 150 million.
On April 26, 2023, Innocent Drinks unveiled an upgraded range of sturdier straws for its lineup of kids' smoothies and juice varieties. This development is a testament to Innocent Drink's ongoing commitment to product enhancement, driven by its dedication to meeting consumer demands and incorporating valuable feedback into its offerings.
Research Process:
Both primary and secondary data sources have been used in the global Drinking Straw Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
List of the Key Players in the Drinking Straw Market: Hoffmaster Group Inc, Huhtamaki, Pactiv Evergreen, Southeastern Liquid Analyzers, Inc, StoneStraw Limited, Paperstraw Group, B&B Straw Pack Co., Ltd, ACE, Absolute Custom Extrusions, Inc., R&M Plastic Products Ltd, and Tawfikiya Plastic Manufacturing S.A.E.
Segment Covered in the Drinking Straw Market:
By Type (Plastic Drinking Straw, Paper Drinking Straw)
By Shape (Straight Drinking Straws, U-Shape Drinking Straws, Telescopic Drinking Straws)
By Application (Foodservice, Institutional, Household)
Regional Analysis:
The global Drinking Straw Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Drinking Straw Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Drinking Straw Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Drinking Straw manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Drinking Straw in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
Q1) How Big is the Drinking Straw Market?
A) Global Drinking Straw Market reached USD 25,845 million in 2022 and is projected to witness lucrative growth by reaching up to USD 136,282 million by 2030
Q2) Who are the key players of Drinking Straw Market?
A) B&B Straw Pack Co., Ltd, ACE, Absolute Custom Extrusions, Inc., R&M Plastic Products Ltd, and Tawfikiya Plastic Manufacturing S.A.E.
Q3) What are the regions covered in this report?
A) The global Drinking Straw Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa
4) What are the Segments Coverd in this report?
A) The Drinking Straw market is segmented as By Type, By Shape, By Application
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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