Press release
Straw Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Straw
The increasing consumption of beverages is expected to drive the straw market. The rising demand for diverse and convenient drink options fuels the need for straws, which improve drinking experiences by enhancing hygiene and preventing spills. Statistics Canada reported in February 2023 that alcoholic beverage sales in Canada grew by 2.4% in 2022, contributing to increased straw consumption. This surge in beverage consumption is supporting the growth of the straw market.
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What is the future CAGR of the straw market, and how will it impact industry expansion?
The straw market has grown considerably in recent years, expected to rise from $18.85 billion in 2024 to $20.16 billion in 2025, reflecting a CAGR of 6.9%. This growth is driven by a focus on agricultural by-products, higher demand for sustainable and biodegradable products, expanding markets for biodegradable straws in developing regions, government incentives for renewable resources, and growing public awareness of environmental issues like plastic pollution.
The straw market is projected to reach $25.99 billion by 2029, growing at a CAGR of 6.6%. This growth is driven by stricter bans on single-use plastics, corporate sustainability commitments, the shift toward eco-friendly products, governmental support for green products, and the development of efficient biodegradable straw production methods. Key trends include innovations in straw processing and manufacturing, biodegradable materials, reduced costs for biodegradable straws, and educational efforts about the benefits of eco-friendly products.
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What are the most significant trends transforming the straw market today?
In the straw market, companies are innovating by developing recyclable straws to promote eco-friendly consumer options. For example, in July 2022, SIG India launched a variety of recyclable paper straws in different dimensions and shapes, offering an environmentally friendly, biodegradable alternative to plastic. These straws are designed to be functional and sustainable, compatible with all SIG carton packs with a straw hole.
Which key market segments comprise the straw market and drive its revenue growth?
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
Subsegments:
1) By Plastic: Single-Use Plastic Straws, Reusable Plastic Straws
2) By Bamboo: Single-Use Bamboo Straws, Reusable Bamboo Straws
3) By Metal: Stainless Steel Straws, Aluminum Straws
4) By Paper: Biodegradable Paper Straws, Laminated Paper Straws
5) By Glass: Borosilicate Glass Straws, Soda-Lime Glass Straws
6) By Silicone: Flexible Silicone Straws, Reusable Silicone Straws
7) By Other Products: Edible Straws, Wheat Straw, Other Biodegradable Or Alternative Material Straws
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Which regions are key players in the growth of the straw market?
Asia-Pacific was the largest region in the straw market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the straw market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the straw market?
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.
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What Is Covered In The Straw Global Market Report?
•Market Size Forecast: Examine the straw market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the straw market for a structured understanding.
•Key Players Overview: Analyze major players in the straw market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the straw market.
•Segment Contributions: Evaluate how different segments drive overall growth in the straw market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the straw market.
•Industry Challenges: Identify potential risks and obstacles affecting the straw market.
•Competitive Landscape: Review strategic developments in the straw market, including expansions, agreements, and new product launches.
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