The global compostable straws market is poised for significant growth, with an expected market value of US$ 3,250 million by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2033. This upward trajectory is in line with the increasing trend of food and beverage consumption worldwide, which, in turn, is bolstering the demand for eco-friendly and sustainable options such as compostable straws.
An expanding population of environmentally-conscious consumers is propelling the adoption of compostable straws, with materials like glass straws gaining popularity for their recyclability, elegance, and stylish aesthetic. Notably, the industry benefits from the availability of various alternative materials and the growing commitment of prominent brands to embrace bio-degradable straws as part of their sustainability initiatives.
As the global population grows and consumer preferences shift towards eco-friendly alternatives over plastic, the demand for compostable straws is expected to surge. Additionally, ongoing product improvements will provide further growth opportunities for market players in the coming years.
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The compostable straw industry is expected to grow significantly in the coming years due to the increasing demand for sustainable products and the growing concern for environmental issues.
Market Segmentation:
material:
- Paper
- Virgin Kraft Paper
- Recycled Paper
- Pasta
- Glass
- Bamboo
- Polylactic Acid (PLA)
width/diameter:
- < 7mm
- 7 – 10 mm
- 10 – 15 mm
- 15 mm
sales channel:
- Manufacturers
- Distributors
- Retailers
- Hypermarkets
- Supermarkets
- Convenience Stores
- Specialty Stores
- Discount Stores
- E-retail
end use:
- Foodservice
- Hotels & Restaurants
- Bars & Lounges
- Cafes & Fast-Food Outlet
- Cinemas
- Airline & Railway
- Institutional
- Educational
- Healthcare
- Corporate
- Households
product:
- Straight Straw
- Printed
- Non-Printed
- Flexible Straw
- Printed
- Non-Printed
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Compostable Straws Market: Key Players
- Huhtamaki Oyj.
- Footprint
- Hoffmaster Group, Inc.
- Hello Straw
- Biopak (United Kingdom) Ltd.
- Wilbistraw
- Sulapac Oy
- SAS OSTONE
- The Paper Straw Co.
- EVOQ Sp. z o.o.
- TIPI Straws Co
- OkStraw Paper Straws
- Tetra Pak
- others
Regional Analysis-
North America holds the largest industry share in the compostable straws market due to the high awareness of environmental issues and the stringent regulations on single-use plastics in the region. The Asia Pacific region is expected to grow at a faster rate due to the increasing urbanization, rising disposable income, and changing consumer preferences.
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In conclusion, the compostable straw industry is expected to grow significantly in the coming years due to the increasing demand for sustainable products and the growing concern for environmental issues. The market is driven by the increasing adoption of eco-friendly products by consumers, government regulations on single-use plastics, and the growing trend of corporate social responsibility. The market is expected to be highly competitive, with major players focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge.
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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