Straws Market

Straw Market: Soaring Preference for Biodegradable Packaging Remains Influential: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029

  • 2019-05-21
  • REP-GB-9214
  • 65 Tables
  • 80 Figures
  • 218 pages
  • PDF PPT EXCEL
 Straws Market
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Manufacturer’s Preference: Biodegradable Straw

Consumption of straws has increased owing to the growth of the food service industry and consumption of energy drinks. After the bans on single-use plastics, and plastic-based products, manufacturers are offering solutions that can decompose and have less impact on the environment. US-based Hay Straws has included in its offerings straws made up of byproducts generated during wheat production.

straw market snapshot

Straw Market – Key Research Findings

  1. The global straw market size in 2018 – nearly US$ 14 Bn.

  2. The straw market is projected to grow to nearly 6%, during the next ten years.

  3. Europe and Asia are expected to remain the leading regions in terms of market value share, accounting for more than half of the global straw share.

  • Europe is expected to be one of the key regions in terms of replacing single-use plastic straws with other biodegradable straws, which will translate into growth opportunities for the straw market.

  • East Asia is expected to create high incremental opportunity for the straw market by the end of the forecast period, owing to the growth of the food service industry.

  1. Manufacturers in the straw market are shifting towards providing sustainable products and offering variety of straws to cater to the demand from end-use industries.

  • Several companies in the straw market such as Tetra Pak International S.A., are changing their business strategies i.e. from plastic straws for tetra packs to developing paper straws to eliminate single-use plastic.

straw market share

Key Factors Shaping the Global Straw Market

  • Increasing Use of Beverage Packages to Boost the Straw Market Growth

To enhance convenience and ensure hygiene at workplaces, brand owners and corporates prefer straws along-with tetra packs. Manufacturers directly provide packaged product or packages to beverage companies. Consequently, the demand for packaged beverages to fuel the straw market growth during the coming years.

  • Market Inclination Toward Biodegradable Foodservice Packaging Solutions

Due to all single-use plastic bans across the world, manufacturers in the straw market are coming up with sustainable and biodegradable straws.

Straw Market Structure Analysis

  • The global straw market is highly fragmented with few tier 1 and 2 players. Key tier 1 players in the straw market include Hoffmaster Group Inc. and Tetra Pak International S.A.

  • More than 90% of the straw market is held by players having a revenue share of below 1%.

  • North America and Europe are estimated to account for noticeable consumption of sustainable products during the forecast period.

  • Bargaining power of suppliers in the East Asian region is comparatively low as compared to other regions, as there are large number of local, as well as medium-sized players in the straw market. Consequently, consumers have a large number of manufactures, offering a variety in straws with different specifications.

The Straw Market Pegged to Grow 1.8X between 2019 and 2029

The straw market is expected to register significant growth during the next ten years, fueled by the increasing beverage consumption and to some extent the growing population in emerging regions. As the demand for plastic straws is declining, there are some manufacturers providing alternate straws while others are avoiding them.

Enhanced Production Capabilities in Emerging Regions Imply More Opportunities

The European region is expected to hold a prominent market share in the global straw market. However, developing countries in South & East Asia will lead in terms of growth rate during the forecast period. Oceania and Middle East & Africa will laggard during the next five years. Countries such as India and China are expected to represent higher incremental opportunities in their respective regions. Local and medium-sized manufacturers in the Asian region are expected to boost the growth of the straw market and increase the value share of straws in the region.

* This data is only a representation. Actual data may vary and will be available in report.

Enhanced Production Capabilities in Emerging Regions Imply More Opportunities
Enhanced Production Capabilities in Emerging Regions Imply More Opportunities
Enhanced Production Capabilities in Emerging Regions Imply More Opportunities
Enhanced Production Capabilities in Emerging Regions Imply More Opportunities
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

The Broader Perspective

The demand and supply analysis implies that the global straw market is driven by the growth of the food service market. Value chain participants in the global straw market are focusing on adopting business models and growth strategies in synchronization with biodegradability and reusability of straws. Food service segment in the straw market is expected to create high incremental opportunity during the forecast period.

Paper straw will remain the top-selling product segment and is likely to witness growth in demand at a prominent rate

Plastic straw is expected to expand with a relatively low CAGR during the forecast period

The food service segment is expected to generate more than 3/4th of the global straw market revenue.

How Growth will Unfold

Glass and metal straws are expected to witness a consistent growth rate during the forecast period. The demand for reusable straws may increase the consumption of bamboo and silicone straws, although they are less preferred by brand owners, as well as consumers.

<9 cm | 9-15 cm | 16-20 cm | Above 20 cm

 Straws Market  Straws Market  Straws Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Straw Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029

A recent market study published by FMI, “Straw Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the straw market, the growth prospects of the market are obtained with maximum precision.

Straws Market Taxonomy

The global straw market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product

  • Plastic
  • Bamboo
  • Metal
  • Paper
  • Glass
  • Silicone
  • Others

By Straw Length

  • <9 cm
  • 9-15 cm
  • 16-20 cm
  • >20 cm

By Sales Channel

  • Manufacturers/li>
  • Distributors
  • Retailers
  • E-retail

By End Use

  • Foodservice
  • Institutional
  • Household

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

What's Included

The report commences with the executive summary of the straw market, which includes a summary of the key findings and statistics of the market. It also includes dominating segments in the global straw market, along-with key facts about plastic straws. It also includes graphical representation of the segments according to market size and growth rate.

Readers can find detailed taxonomy and definition of the straw market in this chapter, which will help them understand the basic information about straws present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the straw market report.

The report provides key market trends that are expected to impact market growth significantly in the upcoming years. The section also describes the shift in consumer preference from plastic straws to paper straws.

This section includes the scenario of the key factors affecting the market in a negative or positive manner, regulations related to straw usage, and comparison between all types of straws available in the market.

This section explains the global market value & volume analysis and forecast for the straw market between the forecast period of 2014-2029. It includes the detailed analysis of the historical straw market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).

This section highlights the average pricing analysis of plastic straw, bamboo straw, metal straw, paper straw, glass straw, silicone straw, and hay/edible straws in different regions throughout the globe. The weighted average pricing at the manufacturer-level is analysed in this section.

This chapter explains the key macro-economic factors that are expected to influence the growth of the straw market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the straw market. This chapter also highlights the key market dynamics of the straw market, which include the drivers and restraints. Moreover, readers will understand the key trends followed by the leading manufacturers in the straw market. This section also covers Porter’s analysis, as well as the PESTLE analysis for the global straw market.

Based on product type, the straw market is segmented into plastic straw, bamboo straw, metal straw, glass straw, silicone straw, paper straw and other straw (hay/edible straw). In this chapter, readers can find information about the key attractive segments during the forecast period.

Based on straw length, the straw market is segmented into <9 cm, 9-15 cm, 16-20 cm, and above 20 cm. In this chapter, readers can find information about key segments during the forecast period.

This chapter provides details about the straw market on the basis of end use, and has been classified into foodservice, institutional, and household. The foodservice and institutional segment is further divided into various sub-categories.

This chapter explains how the straw market is expected to grow across various geographical regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North American straw market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of straws.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America straw market. This chapter also includes the growth prospects of the straw market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.

Important growth prospects of the straw market based on the product and the end-user industry in several countries, such as Germany, the UK, France, Spain, Italy, Russia, and the Rest of Europe, are included in this chapter.

India, Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia straw market in this chapter. Readers can find detailed information about the growth parameters of the South Asia straw market during the period 2019-2029.

This chapter highlights the growth of the straw market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the straw market in the East Asian region.

In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania straw market.

This chapter provides information about how the straw market will grow in major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Northern Africa, and the rest of MEA, during the forecast period 2019 - 2029.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the straw market along with their market presence analysis by region and product portfolio.

In this chapter, readers will find a comprehensive list of all leading manufacturers in the straw market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Huhtamaki Oyj., Gumi Bamboo, NIPPON STRAW Co., Ltd., Tetra Pak International S.A., Sulapac, Lollicup USA, Inc., Pactiv LLC, Biopac Ltd., Absolute Custom Extrusions, Inc., and PT. Strawland.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the straw report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the straw market.

How the research was conducted?

Primary Research

Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:

  • Key Segments in the Straw Market
  • Market Share Analysis
  • Consumer Preference Analysis
  • Comparison of Several Straws Present in the Market
  • Market Size
  • Key Trends

Secondary Research

  • United Nations Environment Programme
  • British Beer & Pub Association
  • Ministry Of Energy, Science, Technology, Environment & Climate Change
  • Industry Journals
  • Plastics Europe
  • Food Service Packaging Industry Growth

Primary Interview Splits

Primary Research Interview Splits

Straws Market Reports - Table of Contents

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