The global straw market is poised for significant growth, reaching an estimated US$32.2 billion by 2033, according to a new industry report. This translates to a projected CAGR of 5.3% over the forecast period. Key Drivers of Straw Market Growth: Smart Packaging Solutions: The rise of smart packaging that utilizes disposable, biodegradable straws is a major …
Tag Archives: Straw Market Size
Forecasting Sustainable Growth: Global Straw Market Set to Exceed US$ 32.2 Billion by 2033, Driven by Smart Packaging Solutions
The global straw market is poised for significant growth, with a projected CAGR of 5.3% during the forecast period. By 2023, the market is expected to reach a valuation of US$ 19.2 billion, surging to surpass US$ 32.2 billion by 2033. Several factors contribute to this optimistic outlook. Firstly, the rise of smart packaging solutions …
Straw Market Growing at a CAGR of 5.9% over the Forecast Period 2029
The global Straw Market stands at a net worth of US$ 18.1 Bn in 2022, and is predicted to rise at a CAGR of 5.9% over the forecast period to attain a valuation of US$ 26.5 Bn by 2029. The recent past has observed significant increase in the number of foodservice restaurants. This would remain among the leading factors driving consumption of straws …
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Straw Market Size, Growth Factors, Top Leaders, Trends, Analysis, Competitive Landscape and Regional Forecast 2029
The global Straw Market stands at a net worth of US$ 18.1 Bn in 2022, and is predicted to rise at a CAGR of 5.9% over the forecast period to attain a valuation of US$ 26.5 Bn by 2029. The recent past has observed significant increase in the number of foodservice restaurants. This would remain among the leading factors driving consumption of straws …