The global compostable straws market is anticipated to accumulate a market value of US$ 1,670 million in 2023 and is expected to garner a valuation of US$ 3,250 million by exhibiting a CAGR of 6.8% in the forecast period 2023 to 2033.
Compostable straws are a new type of straw that is made from biodegradable materials and can break down into organic matter in composting systems. These straws are an eco-friendly alternative to traditional plastic straws, which are a major contributor to plastic pollution in the environment. Compostable straws are made from a variety of materials such as paper, bamboo, wheat straw, and corn starch, which are renewable resources that can be composted to create nutrient-rich soil.
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.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12960
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
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-12960
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.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12960
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.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce, and is headquartered in Delaware, USA. A recipient of the Clutch Leaders Award 2022 on account of a high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
