Global Eco-Friendly Straws Market - 2022-2029

Global Eco-Friendly Straws Market - 2022-2029

Market Overview

The global eco-friendly straws market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.

A drinking straw is a device used to transport beverage contents to one's mouth. Placing one end of a straw in one's mouth and the other in a beverage is how straws are used. The air pressure in one's mouth decreases when suction is used, which results in the atmospheric pressure to force the liquid up into the mouth. Straight drinking straws are available, and those with an angle-adjustable bellows portion. Though plastic straws are the most common kind, environmental concerns and new regulations have led to an increase in the use of reusable and biodegradable straws. Silicone, cardboard and metal are common materials for these straws.

Market Dynamics

The global eco-friendly straws market is likely to be driven by the rise of the food services industry. However, the high price of eco-friendly straws compared to plastic products tends to act as a restraint that limits the respective market’s growth.

The food industry's rapid expansion and rising demand for transportation in the respective market

The global foodservice packaging sector, as well as changing client tastes and preferences, are driving market expansion as the respective factor has resulted in food and beverage modification. As the majority of global and regional eateries, resorts and café chains expand, the demand for straws rises. Following the ban on single-use plastic straws, manufacturers are now developing environmentally friendly straws that decompose swiftly and have a smaller environmental impact. Straw usage is predicted to climb as fast food outlets expand and alcoholic and non-alcoholic beverages become more popular. Leading companies are collaborating with raw material suppliers to make plastic-free, sustainable straws.

The market for eco-friendly straws is predicted to increase rapidly as people become more concerned about the harmful impact of plastic straws on the environment. In the food service industry, disposable paper plates and straws are commonly used. Due to an increase in the number of food outlets, the eco-friendly straws market is likely to develop over the forecast period. A paradigm shift in food and service consumption behaviors has resulted in the emergence of several fast-food restaurants and online food delivery businesses. Many major players in the food business have chosen to eliminate plastic straws as a result of greater awareness about the importance of removing plastic from the food supply chain. McDonald's, All Bar One, Marriott Global and London City Airport are just a few of the names on the list.

The high price of eco-friendly straws

Eco-friendly straws are more expensive than standard products due to several reasons. The first and foremost reason is the ethical manufacturing involved in producing these materials. Sustainable materials are more expensive to grow and produce, mainly due to the usage of non-chemical materials. Similarly, many eco-friendly businesses accept and honor a fair salary for the labor and require more time in production.

Further, eco-friendly items do not yet have the same level of demand as traditional ones. Since the paradigm shift towards eco-friendly practices is still under process and not yet fully adopted the world over due to the lack of a well-established demand-supply chain. As a result, the high price of eco-friendly straws acts as a market restraint.

COVID-19 Impact Analysis

Because of three important elements, the COVID-19 pandemic had a huge impact on the global eco-friendly straws sector:

The availability of raw materials and final product sales have been hampered by the COVID-19 pandemic's lockdowns and government controls.

Second, the production of eco-friendly straws necessitates a number of manufacturing processes, which have been greatly hampered by the pandemic's lockdowns and government controls.

The overall drop in End-User activities lowered market demand for eco-friendly straws, causing demand-supply dynamics to shift.

Nonetheless, due to the rising global food and beverage sector and growing environmental awareness, the market for eco-friendly straws is expected to recover.

Segment Analysis

The global eco-friendly straws market is classified based on material, length, product, application, End-User, region.

The paper straw dominate the product segment

The global eco-friendly straws market is segmented into paper, silicone, metal, glass, bamboo and others based on material.

The majority of paper straws are used in the restaurant industry. Furthermore, as the population grows and urbanization accelerates, the number of food shops and eateries grows. The use of biodegradable products has become more popular among consumers. The global COVID-19 pandemic has driven a surge in food delivery via the internet. Furthermore, due to the prohibition of plastic straws in several countries, the need for eco-friendly products such as paper straws has fueled the growth of the paper straws market. Consumer demand for a long-lasting and sustainable alternative to plastic straws is predicted to increase during the forecast period.

Further, Paper straws come in a wide range of colors, designs and attractiveness and they can be customized to fulfill special requirements. The market's growth depends on the availability of paper straws in various sizes and shapes. Such things have long had a strong presence in retail stores. Individual responsibility and environmental awareness have resulted in the widespread use of paper straws in cafés and bakeries, boosting the demand for paper straws. The paper staw segment is likely to dominate the product due to the aforementioned considerations.

Geographical Analysis

Asia-Pacific dominates the eco-friendly straws market

Asia-Pacific is expected to reach profitable routes in the paper straws market due to rising awareness about utilizing eco-friendly products such as disposable paper straws instead of plastic straws. Aside from that, some countries have passed laws forbidding the use of plastic straws. India, China and Japan have upped their manufacture of eco-friendly straws in response to the rising demand for environmentally friendly products. The Asia-Pacific market for eco-friendly straws has exploded as a result of these policies. Furthermore, U.S. government's forbidding or restricting plastics in many regions has substantially impacted North America.

Competitive Landscape

The global eco-friendly straws market is active and dynamic in terms of the number and strength of global and local producers. Due to a large number of manufacturers such as Huhtamäki Oyj, Tetra Pak Global S.A., Aardvark Straws, Biopac (UK) Ltd, Merrypak, Aleco Straws, Guanlin Paper Products Co., Ltd, Straw Free, Bamboo Straws Globally and Simply Straws, the market is classified as fragmented. To achieve competitive advantages and recognition in their particular markets, significant market stakeholders use market techniques such as mergers, acquisitions, product launches, contributions and collaborations.

Nestlé, for example, launched paper straws on June 8, 2021, to promote sustainable packaging. RTD items from the Nestlé brands NESVITA, MILO, FRUITAVITALS, NESFRUTA and NESCAFÉ now include paper straws.

SIG Combibloc Group Ltd

Overview: SIG is a prominent provider of aseptic packaging technologies and solutions. The company collaborates with customers to offer safe, sustainable and cheap food items to people globally. The company offers a complete range of packs, flexible filling machines and solutions for running smarter factories through the company's unique technology and great innovation capacity. The company's headquarters are in Neuhausen, Switzerland, founded in 1853.

Product Portfolio:

SIG PAPER STRAWS: SIG delivers the industry's first market-ready alternative to plastic straws for beverage carton packs with an eco-friendly paper straw solution made entirely of paperboard – as a straight and U-shaped paper straw available in 4 and 6 mm diameters. As a result, producers and consumers can contribute to reducing single-use plastics and the reduction of plastic waste.

Key Development:

On November 16, 2021, SIG increased its paper straw portfolio to provide beverage manufacturers with more options for a simple and sustainable paper alternative to single-use plastic straws.

On November 17, 2021, SIG added three new alternatives to its paper drinking straw range to assist beverage manufacturers in using less single-use plastic. The company is releasing unique telescoping straws with a diameter of 4.6mm and a flexible length of 102mm that can be extended to 165mm. The biodegradable straw is 100% recyclable and works well with compact carton boxes.

Why Purchase the Report?

To visualize the global eco-friendly straws market segmentation based on material, length, product, application, End-User, region, as well as understand key commercial assets and players.

Identify commercial opportunities in the global eco-friendly straws market by analyzing trends and co-development.

Excel data sheet with numerous data points of eco-friendly straws market-level with four segments.

PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.

Product mapping available as excel consisting of key products of all the major market players

The global eco-friendly straws market report would provide approximately 77 tables, 85 figures and almost 235 pages.

Target Audience 2023

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies