This Metal Straws market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Metal Straws market.
Metal Straws Market: An Overview
Since the ban of single-use plastic straws in most the countries across the globe, the demand for eco-friendly straws is growing. Although, paper straws, glass straws, and bamboo straws get most of the limelight in eco-friendly straws world, metal straws are becoming a popular choice. Manufactured from finest quality raw material such as stainless steel, aluminium, and titanium, metal straws are a sturdy and durable option for a variety of hot and cold drinks. In addition to being reusable and eco-friendly, metal straws offer a stylish touch to cocktails, smoothies, and even specialty tea and coffees. Metal straws are available in both straight and angled design with various lengths which ensure perfect size for the consumers' drinks. Metal straws are food as well as medical grade making it highly safe and suitable alternatives to single-use plastic straws. Overall, the global outlook for the metal straws market is likely to remain optimistic during the forecast period.
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Rising intolerance towards single-use plastic straws, booming consumer demand for eco-friendly straws, and increasing government reforms and campaigns to ban plastic straws are expected to offer an optimistic viewpoint for the metal straws market. On-the-go consumers demand more than convenience from their products; they are progressively aware of their choices and are ready to invest in reusable, sustainable drinking straws. Metal straws are stylish, food grade, convenient, and can be reused endlessly to cut the waste created by single-use plastic straws. Metal straws are perhaps a most durable option in the market as they will not degrade over time like bamboo straw and neither break nor shatter like glass straw with continuing use. Such factors together are expected to drive the growth of the global metal straws market during the forecast period. Metal straws are the most versatile product which is highly suitable for all kinds of beverages and drinking vessels and widely used in end-use industries such as food service, institutional and household. These factors are likely to push the growth of the global metal straws market throughout the forecast period. Overall, the global metal straws are likely to expand with notable CAGR during the forecast period.
Metal Straws Market: Regional Outlook
A government initiative to ban plastic straw, rising consumer demand for eco-friendly straws, robust growth of foodservice industry coupled rising disposable is expected to create significant demand for metal straws market in the North America region. The U.S. is expected to be highly attractive regarding market share of metal straws market during the forecast period owing to a significant consumer base. European government reforms to ditch plastic straws and increasing consumer awareness regarding the negative impact of plastic straws are likely to offer an optimistic outlook for metal straws market in Europe region. Also, the initiative taken by leading brand such as Marriott UK, Starbucks, and others is foreseen to drive the growth of the global metal straws market during the forecast period. U.K and Germany are expected to hold a significant market share of metal straws market during the forecast period, while other European countries are likely to expand with notable CAGR during the forecast period. The Asia Pacific excluding Japan are substantial shareholder of global metal straws market and expected to register healthy CAGR during the forecast period.
Metal Straws Market: Key Players
Examples of some of the key players operating in the global metal straws market are:
- Mulled Mind
- Jungle Straws
- Eco Imprints, Inc.
- Bunkoza
- Sipstix
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
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Metal Straws Market: Segmentation
On the basis of straw length, the metal straws market is segmented into:
- <9 cm
- 9 - 15 cm
- 16 - 20 cm
- >20 cm
On the basis of sales channel, the metal straws market is segmented into:
- Manufacturers
- Distributors
- Retailers
- Hypermarkets
- Supermarkets
- Convenience Stores
- Specialty Stores
- Discount Stores & Warehouse/Wholesale Clubs
- E-retail
On the basis of end use, the metal straws market is segmented into:
- Food Service
- Hotels
- Restaurants & Motels
- Bars & Lounges
- Cafes
- Fast Food Outlets
- Cinemas
- Airline & Railway Catering
- Institutional
- Educational
- Healthcare
- Corporate
- Household
Metal Straws Market Reports Highlights:
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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What will you discover from Metal Straws Market report?
- The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
- An overview of the market report, providing an imperative visual of the varied market subdivisions and overall forecast statistics in terms of value and volume
- Extensive database and key dynamics elevating the market with varied verticals associated
- Underlying Metal Straws Market forces that are compelling consumers or businesses to purchase the product
- How novel technologies and consumer-centric innovations will create new value-adding opportunities for companies active in the Metal Straws Market
- What will be environment and regulatory impacts on the market over the next decade
Which framework has been used to develop the Metal Straws Market report?
- Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
- Relative Maturity Mapping – The relative maturity is measured according to three growth phases (growth, maturity, decline)
- Relative PLC (Product Life Cycle) – Analysis of the emergence of prominent players and competitive test prices which are driving factors behind every market. (expected market behavior, observed market behavior, expected market performance, observed market performance)