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The global straws market is anticipated to expand at a significant CAGR, in terms of revenue generation, during the forecast period, 2020-2026. Additionally, the report offers latest trends, size, share, and industry overview.<br>
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Welcome To Dataintelo Straws Market Size, Share, Growth | Industry Analysis Report, 2026 The global straws market is anticipated to expand at a significant CAGR, in terms of revenue generation, during the forecast period, 2020 - 2026. The boom in the food & beverage industry is one of the prime factors driving the growth of the straws market. Additionally, the manufacturers are constantly engaging in product innovations to cater to the changing needs of various sectors related to the packaging industry. Market Dynamics: Shift of the packaging industry toward sustainable product development to reduce the use of plastic is driving the adoption of non-plastic straws. Increasing focus on protecting the environment by reducing in the usage of single use plastic straws and replacing them with ecofriendly ones is expected to drive the market growth during the forecast period.
Rising consumption of packaged food products due to busy lifestyle and hygiene issues at public places have resulted in the increase in the demand for straws for easy and safe consumption. Scope of the Report The report on the straws market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. Straws Market Segment Insights: Attributes Details Base year 2019 Historic data 2015–2019 Forecast period 2020–2026 North America, Europe, Asia Pacific, Latin America, Middle East & Africa Regional scope Company share, market analysis and size, competitive landscape, growth factors and trends, and revenue forecast Report coverage High demand for eco-friendly straws to drive the growth of the paper & bamboo segment Based on the types, the market has been segmented into the plastic & bamboo, metal, silicone, paper, glass, and others. The plastic segment currently dominates the global market due to exponential demand for single- use straws. However, increasing regulation enforced by environment protection agencies to reduce plastic and to reduce pollution to limit the high demand for plastic straws. The paper & bamboo segment is anticipated to growth in the upcoming years due to their eco-friendly nature and increasing initiatives on an individual level to reduce carbon footprint. The boom in the food industry to propel the growth of the commercial segment
In terms of end-uses, the market has been segmented into household, commercial, and others. The commercial segment is expected to growth at a significant pace in the coming years due to the increase in number of hotels, restaurants, cafes, bars, and lounges. Hotels and restaurants are creating opportunities for manufacturers by entering into partnerships to personalize straws with attractive designs and brand promotion with the usage of biodegradable materials. Request Sample Report: https://dataintelo.com/request- sample/?reportId=129972 Straws market in Asia Pacific to be highly lucrative during the forecast period Based on the region, the global straws market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to expand at a significant CAGR during the forecast period due to the boom in the food & beverage industry and increasing consumption of liquid products at cafes, bars, and lounges. The availability and use of attractive straws in materials such as metal, paper, and bamboo is helping the foodservice industry increase the impact of using recyclable material on its consumers, which in turn is driving the growth of the market in this region. Competitive Landscape: Key players operating in the straws market include HUHTAMÄKI OYJ, BioPak, Tetra Pak International S.A., NIPPON STRAW Co., Ltd., Sulapac Oy., The Paper Straw Co, PT.STRAWLAND, Vegware Ltd, Bambu LLC, and Pactiv LLC. The manufacturers of straws are increasingly focusing on product innovation and market penetration strategies to achieve sustainable growth. The uncertainty in the market due to changing environmental conditions and strict regulation for environment protection is resulting in constant alterations in the product offerings. The low production cost with less manufacturing expenses and no need for strong technical support is resulting in an unorganized market scenario with the entrance of small startups. Hence, the fragmentation of the
straws market is leading to a rise in competition at a global level. Additionally, these manufacturers are focusing on lowering production costs by establishing new production facilities into emerging economies. The penetration strategy in emerging economies is helping the manufacturers to capture untapped opportunities. Segments Covered in the Report The global straws market has been segmented on the basis of types, end-use, and regions By Types Plastic & Bamboo Metal Silicone Paper Glass Others
By End-uses Household Commercial Others By Regions North America Europe Asia Pacific Latin America Middle East & Africa