Straw Market on the Rise: Projected Growth at 6.18% CAGR Leading Up to 2030

A Quick Overview of Straw Market

The key object of this report on the Straw Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the Global Straw Market size was valued at USD 16.93 Billion in 2024 and is projected to reach USD 24.26 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.18% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

Request Sample Report or Discuss More - https://www.marknteladvisors.com/query/request-sample/straw-market.html

Market Dynamics:

Growth Opportunity-

Rapid Growth in the Indian Food Service Industry Offering Lucrative Growth Opportunities – Against the backdrop of the ongoing global economic environment, specifically amid slow economic growth, high interest rates, and increasing geo-political tensions, India has emerged as the fastest-growing large economy in the world. India has a large, aspiring young, and working population. The country is seeing rapid urbanization and economic development, as well as changes in lifestyle, and patterns of consumption. This type of development has fueled remarkable change and growth in the Indian food service industry. For instance,

In June 2024, Devyani International Limited highlighted in its annual report that the Indian food service market is valued at around USD 78 billion in 2024 and it is projected to grow at a CAGR of ~10% reaching a value of USD 125 billion.
In June 2024, Jubilant FoodWorks announced its plans to add ~180 stores by FY2025 to reach the target of 4,000 stores in the next 5-6 years.

Adding on to this, the regulation by the Indian government that bans plastic straws has led to a demand push for other eco-friendly drinking straw alternatives. India, the fastest-growing large economy offers a healthy growth opportunity for the Straw Market.

Straw Market Report Segmentation:

The report by MarkNtel Advisors on Straw Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type

Plastic Straws- Market Size & Forecast 2020-2030, Thousand Units
Metal Straws- Market Size & Forecast 2020-2030, Thousand Units
Paper Straws- Market Size & Forecast 2020-2030, Thousand Units
Bamboo Straws- Market Size & Forecast 2020-2030, Thousand Units
Silicone Straws- Market Size & Forecast 2020-2030, Thousand Units
Others (Glass Straws, PLA straws, etc.) - Market Size & Forecast 2020-2030, Thousand Units

By Straw Length

<9 cm- Market Size & Forecast 2020-2030, Thousand Units
9-15 cm- Market Size & Forecast 2020-2030, Thousand Units
16- 20 cm- Market Size & Forecast 2020-2030, Thousand Units
>20 cm- Market Size & Forecast 2020-2030, Thousand Units

By Material

Biodegradable- Market Size & Forecast 2020-2030, Thousand Units
Non-Biodegradable- Market Size & Forecast 2020-2030, Thousand Units

In segmentation based on material for the Global Straw Market, the biodegradable segment holds the largest market share because the end users are rapidly adopting paper and plant-based straws. Such adoption is largely because of the rise in regulations, banning or restricting plastic straws in different geographies like Europe, India, etc.

By Shape

Straight Straws- Market Size & Forecast 2020-2030, Thousand Units
Bent or Curved Straws- Market Size & Forecast 2020-2030, Thousand Units
Twist Straws- Market Size & Forecast 2020-2030, Thousand Units
Others (Telescopic straws, Flexible Straws, etc.)- Market Size & Forecast 2020-2030, Thousand Units

By Distribution Channel

Offline- Market Size & Forecast 2020-2030, Thousand Units
- Direct Sales (B2B)- Market Size & Forecast 2020-2030, Thousand Units
- Supermarkets and Hypermarkets- Market Size & Forecast 2020-2030, Thousand Units
- Others- Market Size & Forecast 2020-2030, Thousand Units
Online- Market Size & Forecast 2020-2030, Thousand Units

By End Users

Food Service Outlets- Market Size & Forecast 2020-2030, Thousand Units
- Restaurants- Market Size & Forecast 2020-2030, Thousand Units
- Cafés and Coffee Shops- Market Size & Forecast 2020-2030, Thousand Units
- Bars and Clubs- Market Size & Forecast 2020-2030, Thousand Units
- Fast Food Chains- Market Size & Forecast 2020-2030, Thousand Units
Households- Market Size & Forecast 2020-2030, Thousand Units
Food & Beverage Industries- Market Size & Forecast 2020-2030, Thousand Units

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Access the Complete Report for An In-Depth Analysis - https://www.marknteladvisors.com/research-library/straw-market.html

Some of the Top Straw Companies in the Market

In the fast-changing Straw Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

Huhtamäki Oyj
Hoffmaster Group, Inc.
Transcend Packaging
Canada Brown Eco Products Ltd
Alpha Charta d.o.o.
Footprint
Tetra Pak Group
Nippon Paper Industries Co., Ltd.
Stora Enso Oy
Bio Agave
Absolute Custom Extrusions Inc.
Klean Kanteen
Simply Straws
Southeastern Liquid Analyzers Inc.
Stone Straw Ltd.
Others

Need additional assistance?

Looking for more assistance? Connect with our experienced analysts for insights into current market trends.
Customize your report by adding specific segments and countries to meet your needs. Gain a significant competitive edge by learning how to leverage these insights to enhance your operations and boost revenue.
For further support, don’t hesitate to reach out to our analysts.

Customize This Report to Fit Your Requirement, We're offering discounts on the Purchase of the Report, Get It Today - https://www.marknteladvisors.com/query/request-customization/straw-market.html

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

Other Report:

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

For Media Inquiries, Please Contact:

Phone: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India