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[Report of 180 pages] Sales of eco-friendly straws are expected to reach a value of US$ 2.2 billion by the end of 2030, growing at a stable CAGR of 5.1 percent (2022-2030). The global eco-friendly straws industry is currently valued at US$ 1.5 billion.
As stringent laws regarding the consumption of plastic are put in place to accomplish sustainability goals, eco-friendly straw shipments are expected to find strong demand on a global basis. Through 2030, demand for bamboo drinking straws, eco agave straws, reusable straws, phade ocean-friendly straws, and biodegradable straws is expected to rise. In terms of revenue, eco-friendly straw sales account for 12.6 percent of the global straws market.
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Demand Analysis Of Eco-Friendly Straws (2015 To 2021) Vs Market Estimates (2022 To 2030)
Focus on sustainability has increased over the past few years, and this is anticipated to be a major trend over the forecast period as well. Going along with the trend, consumption of eco-friendly straws rose at a CAGR of 4.6% from 2015 to 2021.
Increasing carbon consciousness among consumers, growing focus on reducing plastic consumption, rising demand for earth-friendly straws, and stringent government regulations and mandates to restrict plastic waste are some of the main factors that are estimated to influence eco-friendly straws market potential.
Such mandates have been passed across the world in many nations, and this is expected to boost demand for environmentally-friendly straws and other eco-friendly products.
Eco-friendly straw demand is predicted to evolve at a CAGR of 5.1% from 2022 to 2030.
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Key Segments Of Eco-Friendly Straws Industry Survey
Eco-Friendly Straws Market By Straw Width / Diameter :
Eco-Friendly Straws Market By Product Type :
Eco-Friendly Straws Market By Distribution Channel :
Eco-Friendly Straws Market By Material :
Eco-Friendly Straws Market By End Use :
Eco-Friendly Straws Market By Region :
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The business intelligence report also offers an incisive outlook on competitive landscape by analyzing the key development strategies of the market players. According to the study, the market shows a high level of consolidation, with local and regional players catering to domestic and urgent demands, while leading players with strong regional presence account for relatively small share in the market.\
Plot No: JLT-PH2-X2A
The post Eco-Friendly Straws Market Demand is Predicted to Evolve at a CAGR of 5.1% from 2022 to 2030 appeared first on Future Market Insights.
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