According to Future Market Insights, the global bamboo straws market will be worth US$ 4.3 million in 2022 and will increase at a CAGR of 5.3% to US$ 7.3 million by 2032.
Bamboo straws are made from real bamboo stalks that haven’t been crushed or otherwise changed. Bamboo straws are ideal for both hot and cold liquids since they are reusable, washable, strong, naturally antimicrobial, and aesthetically pleasing.
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Because they are made by hand and can be customised to different lengths based on the demands of the end user, bamboo straws are a sustainable alternative to plastic. Reusable and compostable bamboo straws are anticipated to rise in popularity over the next years.
The market for bamboo straws is anticipated to grow as a result of growing customer demand for environmentally friendly straws, escalating government initiatives to limit the use of plastic straws, and rising intolerance against their use.
As consumers grow more aware of their options, they are choosing more environmentally friendly products. The most recent trend is the switch to non-plastic straws. Bamboo is a sustainable resource, thus making bamboo straws has no negative consequences on the environment.
Several well-known businesses have stopped using plastic straws, including Starbucks, Hyatt, Hilton, Marriott, American Airlines, Alaska Airlines, SeaWorld Entertainment, and Royal Caribbean. Local bars, lounges, and restaurants are attempting to phase out plastic straws. Growing knowledge of the harmful impacts of plastic products on the environment is predicted to increase demand for bamboo straws over the course of 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 1.5 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 5.0% 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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