The compostable straws is witnessing a notable demand from various industries because of the initiative taken to minimize the usage of plastic products. In last few years, beverages industry experienced exponential growth and fast development due to increase in the restaurants, cafes, hotels, food outlets and catering services.
This led to a sudden increase in the demand of compostable straws worldwide. Technological advancements led to a need of online delivery platforms which become an additive advantage to increase in the demand of compostable straws market. Additionally, to bring sustainability government has set eco-friendly rules across all the countries of the world.
Due to all these factors compostable straws will gain growing market demand globally in the coming future.
Compostable Straws Market: Market Dynamics
Growth in demand for compostable straws is expected to grow strongly for several reasons. Due to the non-biodegradability property of plastics has become a major factor behind the growth of compostable straws market demand. To minimize the soil and water pollution government has taken stringent steps against the use of plastic.
This has impacted positively on the rise of compostable straws demand. Furthermore, increasing consumer’s awareness towards the negative environmental impacts of plastic products is to be expected to propel the market demand growth of compostable straws in the forecasted period.
There are few factors which affect negatively on the demand of compostable straws. Compostable straws also require industrial composting requirements, which means that the consumers as well as manufacturer must have access to commercial compost facility, which are available only in certain parts of the world. Some compostable straws like glass also require specific temperature for them to be broken down if they have to be recycled and reused.
Additionally, like any other industry packaging industry also witnessed the negative impacts during COVID-19 pandemic. The compostable straws market has also impacted negatively as beverage industry has suffered during the pandemic. However, overall the global compostable straws market is estimated to expand with remarkable CAGR during the forecast period.
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Compostable Straws Market: Regional Outlook
In the East and South Asia region, due to the rise in restrictions and ban on the usage of plastic by the governments across all the countries, will propel the compostable straws market growth. Among East Asian countries, China has become the dominant market, considering major consumption of compostable straws and out of East Asian countries compostable straws will witness a remarkable market growth of compostable straws due to the fast expansion of the food & beverage sector.
North America is a notable shareholder of a compostable straws market. Canada has become the first North American country to fully prohibit single-use plastic products. The European government’s initiative to ban plastic straws has started to spread at a faster rate all over the Europe.
Developing regions such as Latin America and the Middle East and Africa is going to be the next demanding market for compostable straws in the forecasted period.
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 (UK) Ltd.
- Wilbistraw
- Sulapac Oy
- SAS OSTONE
- The Paper Straw Co.
- EVOQ Sp. z o.o.
- TIPI Straws Co
- OkStraw Paper Straws
- Tetra Pak
- Bygreen
- Nippon Paper Group
- Canada Brown Eco Products Ltd.
- Fuling Global Inc.
- Soton Daily Necessity Co., Ltd.
- Shenzhen Grizzlies Industries Co., Ltd.
- Vegware Ltd
- Aardvark
- Onyx Containers
- JOVAMA
- Pasta Straw
- Final Straw
- Papearth
- Bambuhome
- The Great British Paper Straw Company
- Merrypak
- Bali Boo
- Guanlin Paper Products Co., Ltd.
- Greenmunch
- Simply Straws
- Stroodles
- The Blue Straw
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on compostable straws market segments and geographies.
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Regional Analysis Includes
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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