According to Future Market Insights, the global bamboo straws market is estimated to be valued at US$4.3 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.3% to reach US$7.3 million by 2032.
Bamboo straws are made from authentic bamboo stalks without any alterations. They offer various advantages such as reusability, washability, durability, natural antibacterial properties, and an appealing aesthetic. These straws can be used for both hot and cold beverages.
As a sustainable alternative to plastic straws, bamboo straws are gaining popularity. They are handcrafted and can be customized to different lengths based on user preferences. The demand for reusable and compostable bamboo straws is expected to increase in the coming years.
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The market for bamboo straws is driven by the growing consumer demand for eco-friendly straw options, government initiatives to reduce plastic straw usage, and a rising awareness of the environmental impact of plastic straws.
Consumers are becoming more conscious of their choices and actively choosing environmentally friendly products. There is a significant shift away from plastic straws, and bamboo straws provide a sustainable alternative as bamboo is a renewable resource with minimal environmental consequences.
Prominent businesses like Starbucks, Hyatt, Hilton, Marriott, American Airlines, Alaska Airlines, SeaWorld Entertainment, and Royal Caribbean have already phased out plastic straws. Local bars, lounges, and restaurants are also taking steps to eliminate plastic straws. The increasing awareness of the harmful environmental impact of plastic products is expected to drive the demand for bamboo straws in the forecast period.
Key Takeaways from Bamboo Straws Market
- Based on straw length, the 16 – 20 cm segment is projected to remain the leading segment for the global bamboo straws market. The same segment is estimated to hold around 43% of the market value share by the end of 2022. Bamboo straws with lengths of 16 – 20 cm are considered the ideal bamboo straws size in the food service industry.
- The e-retail segment by sales channel is anticipated to expand 5 times the current market value during 2022-2032. Consumers prefer e-retail for purchasing products as it saves time and offers convenience while sitting at home.
- The food service segment based on end-user is expected to generate hefty demand for bamboo straws due to the ban on single-use plastic straws by the government and the limitation on paper straws. The food service segment is projected to expand by 0% during the forecast period.
- South Asia and East Asia regions are estimated to boost the demand for bamboo straws due to the high production of bamboo in these regions. Also, the presence of various small and local players in these regions fuels the growth of the bamboo straws market.
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“The increasing consumer awareness regarding the use of sustainable packaging solutions along with government initiative is expected to bolster the demand for bamboo straws. Furthermore, the easy availability of bamboo and fastest growth of bamboo creates a growth opportunity for the bamboo straws manufacturer” – says an FMI analyst
Import of Bamboo to Cater to the Growing Demand for Bamboo Straws
The bamboo straws have been commercially produced for the last few years, the production volume has been significantly very low as compared to plastic straws. Rising demand for eco-friendly and reusable products and the ban on single-use plastic products in the global is the key factor driving the growth of the Global bamboo straws market. The current phase of the Global bamboo straws industry is capacity expansion as the volume is quite low, focusing on improving production efficiency as these are handcrafted, focusing on lowering costs and increasing overall profitability margin. To ramp up the production of bamboo straws, global manufacturers can import bamboo from countries such as China, India, Vietnam, Thailand, and other Asian countries. The bamboo trade is expected to increase the production of bamboo straws, also it will lower the cost of bamboo straws for consumers. Numerous players operating in the U.S bamboo straws market import bamboo straws from countries such as Thailand, Vietnam, China, Indonesia, Malaysia, and others.
Bamboo Straws Market Landscape
The key players operating in the bamboo straws market are Dragonfly Bamboo Inc., DevOcean LLC, Ola Bamboo, The Other Straw, Oceans Republic Company Limited, EURO STRAWS SE, and The Humble Co. Also, some of the other noticeable players in the market include Restraws, Jungle Straws, Bamboo Mamboo Limited LDA, Ha Thai bamboo lacquer production export Co., Ltd., ECO BAMBOO, and others.
Key Players:
- Dragonfly Bamboo Inc.
- DevOcean LLC
- Ola Bamboo
- The Other Straw
- The Humble Co.
- Bamboo Straw Girl
- Jungle Straws
- Gumi Bamboo
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Bamboo Straws Market by Category
By Straw Length, Bamboo Straws Market is Segmented as:
- <9 cm
- 9 – 15 cm
- 16 – 20 cm
- >20 cm
By Sales Channel, Bamboo Straws Market is Segmented as:
- Manufacturers
- Distributors
- Retailers
- E-retail
By End-user, Bamboo Straws Market is Segmented as:
- Food Service
- Institutional
- Household
By Region, Bamboo Straws Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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