The global market for compostable straws is estimated to reach a market value of US$ 1,670 million in 2023 and to reach US$ 3,250 million by showing a CAGR of 6.8% from 2023 to 2033.
Compostable straws are a brand-new kind of the straw that may decompose into organic matter in composting systems since they are made of biodegradable materials. These straws offer a greener option to conventional plastic straws, which are a significant source of environmental plastic pollution. Straws that can be composted to produce nutrient-rich soil are created from a range of renewable resources, including paper, bamboo, wheat straw, and corn starch.
The compostable straw market is growing rapidly due to the increasing awareness of environmental issues and the need for sustainable alternatives to plastic products. The market is driven by the increasing adoption of eco-friendly products by consumers, government regulations on single-use plastics, and the growing trend of corporate social responsibility.
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The compostable straw market is expected to grow significantly in the coming years due to the increasing demand for sustainable products and the growing concern for environmental issues.
Compostable Straws Market: Segmentation
material:
- Paper
- Virgin Kraft Paper
- Recycled Paper
- Pasta
- Glass
- Bamboo
- Polylactic Acid (PLA)
width/diameter:
- < 7mm
- 7 – 10 mm
- 10 – 15 mm
- 15 mm
sales channel:
- Manufacturers
- Distributors
- Retailers
- Hypermarkets
- Supermarkets
- Convenience Stores
- Specialty Stores
- Discount Stores
- E-retail
end use:
- Foodservice
- Hotels & Restaurants
- Bars & Lounges
- Cafes & Fast-Food Outlet
- Cinemas
- Airline & Railway
- Institutional
- Educational
- Healthcare
- Corporate
- Households
product:
- Straight Straw
- Printed
- Non-Printed
- Flexible Straw
- Printed
- Non-Printed
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Compostable Straws Market: Key Players
Some prominent players in the global compostable straws market are as below:
- Huhtamaki Oyj.
- Footprint
- Hoffmaster Group, Inc.
- Hello Straw
- Biopak (United Kingdom) Ltd.
- Wilbistraw
- Sulapac Oy
- SAS OSTONE
- The Paper Straw Co.
- EVOQ Sp. z o.o.
- TIPI Straws Co
- OkStraw Paper Straws
- Tetra Pak
- others
Regional Analysis-
North America holds the largest market share in the compostable straws market due to the high awareness of environmental issues and the stringent regulations on single-use plastics in the region. The Asia Pacific region is expected to grow at a faster rate due to the increasing urbanization, rising disposable income, and changing consumer preferences.
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In conclusion, the compostable straw market is expected to grow significantly in the coming years due to the increasing demand for sustainable products and the growing concern for environmental issues. The market is driven by the increasing adoption of eco-friendly products by consumers, government regulations on single-use plastics, and the growing trend of corporate social responsibility. The market is expected to be highly competitive, with major players focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge.
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