Press release
Straw Market Anticipated To Witness Robust Growth, Surpassing $25.99 Billion By 2029
Straw Market Growth
What Is the Current Straw Market Size and Its Estimated Growth Rate?
The straw market has experienced steady growth in recent years. It is projected to increase from $18.85 billion in 2024 to $20.16 billion in 2025, at a CAGR of 6.9%. The growth is driven by a stronger focus on using agricultural by-products, a rising demand for biodegradable and sustainable products, growing interest in biodegradable straws in emerging markets, government incentives for renewable resources, and increased public awareness of plastic pollution and environmental concerns.
The straw market is forecasted to grow steadily in the next few years, achieving $25.99 billion by 2029 with a CAGR of 6.6%. Growth will stem from stricter regulations on single-use plastics, corporate environmental pledges, increased preference for eco-friendly products, government backing for green initiatives, and improved biodegradable straw production methods. Key trends include innovation in processing and materials, cost reductions due to scale, brand collaborations for sustainable packaging, and consumer education on eco-products.
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How Are Emerging Segments Shaping the Straw Market Landscape?
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 Growth Factors Are Influencing Straw Market Expansion?
The growing demand for beverages is expected to drive the expansion of the straw market. Beverages are liquids consumed for hydration, nutrition, or enjoyment, and the increasing variety, convenience, and premium drink options are boosting consumer preferences. Straws are essential for both alcoholic and non-alcoholic drinks, aiding in hygienic consumption, enhancing the drinking experience, and preventing spills, particularly in on-the-go situations. For example, a report from Statistics Canada revealed that alcoholic beverage sales reached $26.1 billion in 2022, reflecting a 2.4% increase from the previous year. The growing beverage consumption is contributing to the growth of the straw market.
Who Are the Dominant Players Across Different Straw Market Segments?
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.
What Are the Major Trends Shaping the Straw Market?
Leading companies in the straw market are concentrating on creating new products, such as recyclable straws, to encourage eco-friendly consumer choices. A recyclable straw is crafted from materials that can easily be recycled. For example, in July 2022, SIG India, a food packaging manufacturer based in India, launched recyclable paper straws in various sizes, shapes, and designs. In response to the environmental harm caused by plastic straws, SIG's paper straws offer a biodegradable, non-plastic alternative that balances sustainability and functionality. These straws are compatible with SIG carton packs that feature straw holes and are commonly paired with smaller-sized packs for easier use.
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Which Geographic Regions Are Expected to Dominate the Straw Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Straw Market?
2. What is the CAGR expected in the Straw Market?
3. What Are the Key Innovations Transforming the Straw Industry?
4. Which Region Is Leading the Straw Market?
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