The global straw market is poised for significant growth, reaching an estimated US$32.2 billion by 2033, according to a new industry report. This translates to a projected CAGR of 5.3% over the forecast period. Key Drivers of Straw Market Growth: Smart Packaging Solutions: The rise of smart packaging that utilizes disposable, biodegradable straws is a major …
Tag Archives: Straw Market trends
Forecasting Sustainable Growth: Global Straw Market Set to Exceed US$ 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 …