The market for metal straws is anticipated to grow at a CAGR of 6% over the course of the forecast period, from US$ 17 billion in 2021 to US$ 32.2 billion by 2032. As a result of escalating rivalry, the metal straw market is predicted to exhibit encouraging growth potential throughout the forecast period. In order to meet the demand for metal straws and increase consumer access to them on the global metal straw market, new competitors are providing a range of alternatives at competitive prices.
The majority of countries have outlawed single-use plastic straws, which has raised demand for metal straws. Although bamboo, glass, and paper straws receive the majority of the focus in the eco-friendly straw market, sales of metal straws are increasing.The ban on single-use plastic straws in most countries around the world is driving the demand for eco-friendly straws.
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Paper straws, glass straws, and bamboo straws are some of the most popular in the eco-friendly straw world, but metal straws are becoming a popular choice. Manufactured from the finest raw materials such as stainless steel, aluminum and titanium , the metal straw is a sturdy and durable option for a variety of hot and cold beverages. In addition to being reusable and eco-friendly, the metal straw provides a stylish touch for cocktails, smoothies and even specialty teas.
What is the Key Growth Contributor to the Metal Straws Market Share?
Increased consumer intolerance for single-use plastic straws, burgeoning consumer desire for eco-friendly straws, and rising government reforms and initiatives to prohibit plastic straws all point and sales of metal straws to a positive outlook for the metal straws market.
Consumers prefer their products to convenience; they are more conscious of their options and willing to invest in reusable, sustainable drinking straws which will like to boost sales of metal straws. Metal straws are fashionable, food-grade, and handy, and they can be reused indefinitely, helping to reduce waste caused by single-use plastic straws
Metal Straws Market: Dynamics
Rising intolerance to single-use plastic straws, surging consumer demand for eco-friendly straws, and growing government reforms and campaigns to ban plastic straws are expected to provide an optimistic view for the metal straw market. Mobile consumers demand more than convenience from their products. They are increasingly aware of their choices and are prepared to invest in reusable and sustainable straws.
How is the Competitive Landscape in the Metal Straws Market?
The report consists of key players, contributing to the metal straw market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyzes the competitive landscape and metal straw market share acquired by players to strengthen their market position.
- Mulled Mind,
- Jungle Straws,
- Eco Imprints, Inc.,
- Bunkoza and
- Sipstix
are some of the leading participants in the metal straw market.
Recent developments of the Metal Straws Market:
- Transcend Packaging (UK) bought the assets of BioStraw Ltd. (UK), a maker of metal straws, in October 2019. BioStraw (UK) will divest itself of all manufacturing assets and merge with Transcend Packaging. Additionally, this strategic strategy will expand their client base and boost their metal straws marketand production skills.
- In May 2019, Hoffmaster Group, Inc. (US) bought The metal straws Company (UK), a maker of metal straws situated in the United Kingdom. The firm expects to extend its operations in the European markets for metal straws goods and expand its product offering by focusing on the demand for metal strawsas a result of this strategic acquisition.
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Key Segments for Metal Straws Market
By Straw Length:
- <9 cm
- 9 – 15 cm
- 16 – 20 cm
- >20 cm
By Sales Channel:
- Manufacturers
- Distributors
- Retailers
- Hypermarkets
- Supermarkets
- Convenience Stores
- Specialty Stores
- Discount Stores & Warehouse/Wholesale Clubs
- E-retail
By End User:
- Food Service
- Hotels
- Restaurants & Motels
- Bars & Lounges
- Cafes
- Fast Food Outlets
- Cinemas
- Airline & Railway Catering
- Institutional
- Educational
- Healthcare
- Corporate
- Household
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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