Global Straw Market to Grow at 6.18% CAGR by 2030 | MarkNtel Advisors - Australia News Network , Free Guest Posting Sites, Article Submission Sites

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Straw Market, The Global Straw Market size was valued at USD 16.93 Billion in 2024 and is projected to reach USD 24.26 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.18% during the forecast period, i.e., 2025-30. The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Straw Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

Forecast Period: 2025-2030
Market Size in 2024: USD 16.93 Billion
CAGR (2025-2030): 6.18%

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Global Straw Market Segmentation Breakdown:

By Type
- Plastic Straws- Market Size & Forecast 2020-2030, Thousand Units
- Metal Straws- Market Size & Forecast 2020-2030, Thousand Units
- Paper Straws- Market Size & Forecast 2020-2030, Thousand Units
- Bamboo Straws- Market Size & Forecast 2020-2030, Thousand Units
- Silicone Straws- Market Size & Forecast 2020-2030, Thousand Units
- Others (Glass Straws, PLA straws, etc.) – Market Size & Forecast 2020-2030, Thousand Units

Considering the segmentation analysis of the Global Straw Market by type, the paper straws segment is currently leading the market. The primary driver of this growth stems from multiple governments around the world having regulations that ban or restrict the usage of plastic straws.

By Straw Length
- <9 cm- Market Size & Forecast 2020-2030, Thousand Units
- 9-15 cm- Market Size & Forecast 2020-2030, Thousand Units
- 16- 20 cm- Market Size & Forecast 2020-2030, Thousand Units
- >20 cm- Market Size & Forecast 2020-2030, Thousand Units
By Material
- Biodegradable- Market Size & Forecast 2020-2030, Thousand Units
- Non-Biodegradable- Market Size & Forecast 2020-2030, Thousand Units

In segmentation based on material for the Global Straw Market, the biodegradable segment holds the largest market share because the end users are rapidly adopting paper and plant-based straws.

By Shape
- Straight Straws- Market Size & Forecast 2020-2030, Thousand Units
- Bent or Curved Straws- Market Size & Forecast 2020-2030, Thousand Units
- Twist Straws- Market Size & Forecast 2020-2030, Thousand Units
- Others (Telescopic straws, Flexible Straws, etc.)- Market Size & Forecast 2020-2030, Thousand Units
By Distribution Channel
- Offline- Market Size & Forecast 2020-2030, Thousand Units
  - Direct Sales (B2B)- Market Size & Forecast 2020-2030, Thousand Units
  - Supermarkets and Hypermarkets- Market Size & Forecast 2020-2030, Thousand Units
  - Others- Market Size & Forecast 2020-2030, Thousand Units
- Online- Market Size & Forecast 2020-2030, Thousand Units
By End Users
- Food Service Outlets- Market Size & Forecast 2020-2030, Thousand Units
  - Restaurants- Market Size & Forecast 2020-2030, Thousand Units
  - Cafés and Coffee Shops- Market Size & Forecast 2020-2030, Thousand Units
  - Bars and Clubs- Market Size & Forecast 2020-2030, Thousand Units
  - Fast Food Chains- Market Size & Forecast 2020-2030, Thousand Units
- Households- Market Size & Forecast 2020-2030, Thousand Units
- Food & Beverage Industries- Market Size & Forecast 2020-2030, Thousand Units

Geographical Growth Insights:

By Region
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific

North America dominates the Global Straw Market with the largest market share, followed by Europe. This is primarily due to North America’s larger food service industry supported by the existence of global companies, whose roots trace back to North America, including Starbucks, McDonald’s, Tim Hortons, Burger King, KFC, and Dunkin.

MarkNtel Advisors Highlights Key Market Drivers for Straw Market:

Growth of Food Service Outlets Driving Market Demand – The adoption of paper straws and other sustainable straws replaces plastic straws. However, the growth in the overall Straw Market will come from the growth in food service outlets. This is primarily due to the extensive consumption of drinks and beverages in restaurants, café and coffee shops, bars & clubs, and fast food chains. In these food service outlets, drinks are generally served in a cup with a straw. This leads to the extensive consumption of single-use plastic straws. For example, Tim Hortons, a large multinational coffee and quick-service restaurant chain, uses an astonishing 300 million straws each year in its restaurant locations across Canada.

As the food service market continues to grow, the demand for straws will increase in tandem. Major global food service outlets (for example, Starbucks, Tim Hortons, Dunkin’, McDonald’s, and Burger King) have announced their growth strategy for the future, which will feature substantial store growth in new and developing markets around the world. Specifically, these companies intend to open more stores in the rapidly developing Asia-Pacific Region, which hosts immediate and emerging economies (Indian and Chinese economies, respectively). Likewise, the Asia-Pacific region represents a large population base, expanding middle class, and increasing disposable income. These are significant points that outline the healthy future growth potential of the Straw Market.

A Comprehensive Analysis of Leading Companies in Global Straw Market

Huhtamäki Oyj, Hoffmaster Group, Inc., Transcend Packaging, Canada Brown Eco Products Ltd, Alpha Charta d.o.o., Footprint, Tetra Pak Group, Nippon Paper Industries Co. Ltd., Stora Enso Oy, Bio Agave, Absolute Custom Extrusions Inc., Klean Kanteen, Simply Straws, Southeastern Liquid Analyzers Inc., Stone Straws Ltd., and Others

Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/straw-market.html

Global Straw Industry Recent Development:

August 2023: Transcend Packaging has entered into a partnership with Klüber to make paper straws using vegetable lubricant while ensuring the removal of mineral oil aromatic hydrocarbons (MOAH) from the paper straws.
May 2023: Hoffmaster Group, Inc. has launched an EarthwiseR product, plant-based straws, at the National Restaurant Association Show in Oshkosh, Wis.
March 2023: Tetra Pak has highlighted that it will be initiating research on fiber-based packaging for further innovation in paper straws.

What are the growth Opportunity driving the Global Straw Market?

Rapid Growth in the Indian Food Service Industry Offering Lucrative Growth Opportunities – Against the backdrop of the ongoing global economic environment, specifically amid slow economic growth, high interest rates, and increasing geo-political tensions, India has emerged as the fastest-growing large economy in the world. India has a large, aspiring young, and working population. The country is seeing rapid urbanization and economic development, as well as changes in lifestyle, and patterns of consumption. This type of development has fueled remarkable change and growth in the Indian food service industry. For instance,

In June 2024, Devyani International Limited highlighted in its annual report that the Indian food service market is valued at around USD 78 billion in 2024 and it is projected to grow at a CAGR of ~10% reaching a value of USD 125 billion.
In June 2024, Jubilant FoodWorks announced its plans to add ~180 stores by FY2025 to reach the target of 4,000 stores in the next 5-6 years.

Adding on to this, the regulation by the Indian government that bans plastic straws has led to a demand push for other eco-friendly drinking straw alternatives. India, the fastest-growing large economy offers a healthy growth opportunity for the Straw Market.

Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key subsegments, benefiting both market leaders and new entrants.

Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.

Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/straw-market.html

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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