Eco-Friendly Straws Market is valued approximately USD $$million in 2019 and is anticipated to grow with a healthy growth rate of more than 4.9% over the forecast period 2020-2027.
Eco-friendly straws, for example, glass straws, compostable straws, metal and bamboo straw are supplanting plastic straws, as last one makes a lot of plastic waste. The eco-friendly straws are either composed of bio-based materials such as paper or reusable materials. These materials incorporate nourishment grade glass, metal or silicone. Surging nourishment and drink utilization among individuals frequently incline them towards neighborly items rather than plastic, extending eco-friendly straws showcase. Growing stringent regulations on plastic use drives the market growth.
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Further the widespread utility of Plastic straws coupled with ban on use of plastic products creates tremendous market opportunity for eco-friendly straws. As from 1st October 2020, single use Plastic straws, stirrers and cotton buds were banded in England. The ban has also made it illegal to sell these plastic products. Thus, providing lucrative opportunity for Eco-friendly straws market. As per the government of England 4.7 billion plastic straws, 316 million plastic stirrers and 1.8 billion cotton buds are used in England per year which end in the ocean. Moreover, increasing consumer awareness regarding environmental protection supports the market growth.
While, swelling number of restaurants and fast food outlets which are adopting eco-friendly straws boost the market growth. As the Dunkin’s, the doughnut and Coffee chain has replaced its foam cups with paper cups in 100 percent of their stores globally and has aimed to transition from plastic to wooden stir sticks by mid2021. For this, 250 restaurants across the US have begun testing new biodegradable straws. However, lack of lack of awareness impedes the growth of the market over the forecast period of 2020-2027. Although, advent of new materials and technologies presents a lucrative opportunity for the market.
The regional analysis of global Eco-Friendly Straws market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology and well -established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing awareness for environment protection would create lucrative growth prospects for the Eco-Friendly Straws market across Asia-Pacific region.
Major market player included in this report are: Huhtamaki Oyj. Biopac (UK) Ltd. Sulapac Oy The Paper Straw Co. Vegware Ltd. Hello Straw The Blue Straw JOVAMA Wilbistraw SAS OSTONE
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below: By Material: Paper Virgin Craft Paper Recycled Paper Pasta Glass Bamboo Polylactic Acid (PLA) Metal By Product Type: Straight Straw Flexible Straw By Straw Width/Diameter: < 7 mm 7-10 mm 10-15 mm > 15 mm By End-Use: Food Service Hotels & Logistics Bars & Lounges Cafes & Fast Food Outlets Cinemas Airline & Railway Catering Institutional Educational Healthcare Corporate Household
By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018 Base year – 2019 Forecast period – 2020 to 2027
Target Audience of the Global Eco-Friendly Straws Market in Market Study:
Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers
What is the aim of the report?
The market report presents the estimated market size of Ready-to-Drink Protein Beverages Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report. Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered. An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report. The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa. The various parameters accelerating the growth of Market are incorporated in the research report. The report analyses growth rate, market size and valuation of the Market during the forecast period.
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What aspects regarding the regional analysis Market are included in this report?
Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region. The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption. The growth rate of the market in every region, including their countries over the forecast period is included in the market report. Based on what factors are the key market players assessed in this report? The report offers detailed analysis of leading companies in the market across the globe. It provides details of the major vendors involved in the Market including Key Players A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report. The facts and figures about market competitors along with standpoints of leading market players are presented in the report. The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report. The report offers the present scenario and future growth prospects Market in various geographical regions. The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered. The SWOT analysis is conducted along with Porter’s Five Force analysis. The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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