Eco-Friendly Straws Market is Projected to Reach at a US$ 22.07 Billion by 2033 | FMI

Eco-Friendly Straws Market
Eco-Friendly Straws Market

 

Theeco-friendly straws marketis anticipated to strengthen its boundaries at a steady CAGR of 7.5% during the forecast period. The market is expected to hold a share of US$ 10.71 billion in 2023 while it is anticipated to cross a value of US$ 22.07 billion by 2033.

Eco-Friendly Straws Market is experiencing unprecedented growth. With increasing concern about plastic pollution and the harm it poses to our oceans and wildlife, consumers are actively seeking greener alternatives. The market’s key objective is to provide sustainable, reusable, and biodegradable straws that minimize environmental impact.              

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Competitive landscape

Key players are diversifying their product portfolios to focus on expanding their reach globally. They also conduct awareness campaigns to minimize the use of non-recyclable materials and strategic partnerships with existing players.

Recently, in May 2020, Huhtamaki Oyj announced a global partnership with WasteAid to drive community-level circular economy innovation in key regions. The collaboration aims to provide education and training in waste management and recycling systems and to work with key stakeholders in India, Vietnam and South Africa.

  • Huhtamaki Oyj.
  • Biopac (UK) Ltd.
  • Sulapac Oy
  • The Paper Straw Co.
  • Vegware Ltd.
  • Hello Straw
  • The Blue Straw
  • JOVAMA
  • Wilbistraw

Eco-Friendly Straws Market: Exploring Sustainable Solutions

  1. Understanding the Eco-Friendly Straws Market Landscape

The Eco-Friendly Straws Market encompasses a wide range of products made from various renewable and biodegradable materials. From bamboo and stainless steel to paper and edible straws, businesses are innovating to meet consumer demands while reducing their environmental impact.

  1. Embracing Nature: Bamboo Straws

Bamboo straws have gained popularity due to their eco-friendly nature and natural charm. Sourced from sustainable bamboo forests, these straws are reusable, biodegradable, and provide a unique drinking experience. Their durability makes them a perfect choice for both hot and cold beverages.

  1. Going Metal: Stainless Steel Straws

Stainless steel straws are a long-lasting and versatile alternative. They are easy to clean, dishwasher-safe, and do not leach harmful chemicals into beverages. With their sleek appearance, stainless steel straws are favored by many eco-conscious individuals and businesses alike.

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Key Segments Of Eco-Friendly Straws Industry Survey

Market By Straw Width / Diameter:

  • < 7 mm
  • 7-10 mm
  • 10-15 mm
  • > 15 mm

Market By Product Type:

  • Straight Eco-friendly Straws
    • Printed
    • Non-printed
  • Flexible Eco-friendly Straws
    • Printed
    • Non-printed

Market By Distribution Channel:

  • Manufacturers (Direct Sales)
  • Distributors
  • Retailers
  • Sold in Hypermarkets
  • Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Discount Stores & Warehouse/Wholesale Clubs
  • Sold through e-Retail

Market By Material:

  • Paper Eco-friendly Straws
    • Virgin Craft Paper
    • Recycled Paper
  • Pasta Eco-friendly Straws
  • Glass Eco-friendly Straws
  • Bamboo Eco-friendly Straws
  • Polylactic Acid (PLA) Eco-friendly Straws
  • Metal Eco-friendly Straws

Market By End Use:

  • Food Service
  • Hotels & Logistics
  • Bars & Lounges
  • Cafes & Fast Food Outlets
  • Cinemas
  • Airline & Railway Catering
  • Institutional Use
  • Educational Use
  • Healthcare Use
  • Corporate Use
  • Household Use

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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