Drinking Straw Market Size
The Global Drinking Straw Market reached USD 25,845 million in 2022 and is projected to witness lucrative growth by reaching up to USD 136,282 million by 2030. The market is growing at a CAGR of 23.1% during the forecast period (2024-2031).The global drinking straw market is projected to experience significant growth over the forecast period.
The market is expected to expand at a steady pace, driven by various factors such as increasing consumer awareness regarding the environmental impact of single-use plastic straws. Growing initiatives to reduce plastic waste and the adoption of sustainable alternatives are also contributing to the market's growth. The rising demand for eco-friendly and biodegradable materials is fueling the development and adoption of innovative straw solutions.
The market for drinking straws is anticipated to witness substantial growth opportunities in the foreseeable future. The rising popularity of reusable straws is another significant factor contributing to market growth. Reusable straws, made of materials like stainless steel or silicone, are gaining traction due to their durability and long-term cost-effectiveness. Consumers are increasingly embracing reusable options as a sustainable solution, which is positively impacting the overall drinking straw market.
Market Summary
| Metrics | Details |
| CAGR | 23.1% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (USD) |
| Segments Covered | Type, Shape, Application, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | North America |
| Largest Region | Europe |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Increasing Awareness About the Environmental Impact of Single-Use Plastic Straws Drives the Market Growth
As consumers become more conscious of the environmental consequences of plastic pollution, they are actively seeking sustainable solutions for their daily consumption. This shift in consumer sentiment is creating market demand for drinking straws made from materials that are more environmentally friendly, such as paper, bamboo, stainless steel, and biodegradable plastics. Manufacturers are actively developing and producing straws that are biodegradable, convenient, or reusable, providing consumers with sustainable choices.
For instance, on June 1, 2022, Lamipak unveiled its U-shape paper straw solutions exclusively for the Indian market. Being one of the pioneers globally to introduce commercially available U-shape paper straws, Lamipak aims to provide beverage companies with a convenient and efficient alternative to plastic straws in response to impending plastic straw bans.
The Expansion of the Global Foodservice Industry Creates Opportunities for Market Growth
The expansion of the global food service industry is a significant driver for the global drinking straw market. As the food service industry continues to grow, the demand for drinking straws also increases, resulting in a positive impact on the market. The rise in the number of food chains, restaurants, cafes, and other food service establishments is contributing to the market's growth. Manufacturers are actively developing and producing straws that are biodegradable, convenient, or reusable, providing consumers with sustainable choices.
For instance, on November 21, 2022, Eco-Products introduced an innovative collection of compostable straws that boast the same durability as traditional straws. These straws are crafted from polyhydroxyalkanoate (PHA), a plant-based plastic sourced from canola oil. Notably, the straws have obtained BPI certification for compostability and comply with the ASTM D6400 standard.
Market Segment Analysis
The global drinking straw market is segmented based on type, shape, application, and region.
Growing Global Concern about the Environmental Impact of Single-Use Plastic Straws
The paper drinking straws segment held the largest share of the global drinking straws market in 2022. There is a growing global concern about the environmental impact of single-use plastic straws. As a result, there is a strong push towards more sustainable alternatives, and paper straws are emerging as a popular choice. Paper straws are biodegradable and compostable, making them a more eco-friendly option compared to traditional plastic straws. This aligns with the increasing consumer demand for sustainable products, driving the segment market dominance of paper straws. Manufacturers are actively developing and producing straws that are biodegradable, compostable, or reusable, providing consumers with sustainable choices.
For instance, on July 6, 2022, SIG unveiled an extensive lineup of recyclable paper straws featuring diverse dimensions, shapes, and applications. With a commitment to combatting the significant environmental impact of plastic straws and aligning with India's plastic ban, SIG's paper straws serve as a promising solution.
Market Geographical Share
Increasing Culture of Convenience and On-The-Go Food Consumption
North America dominates the global drinking straw market in 2022. North America has a large consumer base with high disposable income levels, which is driving the demand for drinking straws. The region's population, coupled with a culture of convenience and on-the-go consumption, is fueling the market's dominance. The prevalence of fast-food chains, restaurants, cafes, and the widespread use of takeout and delivery services are further contributing to the demand for drinking straws. Manufacturers are actively developing and producing paper straws that are biodegradable, compostable, or reusable, providing consumers with sustainable choices.
For instance, on September 14, 2022, Kathryn and Karrie Laughton introduced Roc Paper Straws, the latest addition to the paper straw manufacturing landscape in the United States.
Drinking Straw Manufacturers
The major global drinking straw market players include Hoffmaster Group Inc, Huhtamaki, Pactiv Evergreen, Southeastern Liquid Analyzers, Inc, StoneStraw Limited, Paperstraw Group, B&B Straw Pack Co., Ltd, ACE, Absolute Custom Extrusions, Inc., R&M Plastic Products Ltd, and Tawfikiya Plastic Manufacturing S.A.E.
COVID-19 Impact on Market
The market experienced disruptions in the supply chain during the pandemic. Travel restrictions, factory closures, and logistical challenges posed hurdles in the production and distribution of drinking straws. The lockdown measures implemented in various countries affected the availability of raw materials and impacted manufacturing capabilities. These disruptions caused delays in production, a shortage of supply, and increased costs, which had an impact on the overall market dynamics.
However, it is worth noting that the pandemic also created opportunities for certain segments of the drinking straw market. With an increased focus on hygiene and sanitation, there has been a surge in the demand for individually wrapped or packaged straws, particularly for use in healthcare facilities, hotels, and other settings where sanitary practices are paramount. This created a niche market within the larger drinking straw industry.
Artificial Intelligence Impact Analysis
The impact of artificial intelligence (AI) on the global drinking straw market is significant and multifaceted. AI technologies are revolutionizing various aspects of the market, driving innovation, enhancing efficiency, and shaping consumer experiences. AI-powered systems enable manufacturers to optimize production lines, improve quality control, and streamline operations. Machine learning algorithms can analyze data and identify patterns to enhance production efficiency, reduce waste, and ensure consistent product quality. This contributes to cost savings and improved productivity within the market.
Key Developments
- On January 2, 2023, Stora Enso successfully concluded the divestment of its Nymölla paper production site in Sweden, along with all associated assets, to Sylvamo, a prominent global producer of uncoated paper based in the United States. The transaction carries an enterprise value of approximately EUR 150 million.
- On April 26, 2023, Innocent Drinks unveiled an upgraded range of sturdier straws for its lineup of kids' smoothies and juice varieties. This development is a testament to Innocent Drink’s ongoing commitment to product enhancement, driven by its dedication to meeting consumer demands and incorporating valuable feedback into its offerings.
- In September 2021, SunRype Products, a division of A. Lassonde Inc., a renowned Canadian fruit-based beverage company, introduced a new bendable paper straw across its entire range of beverage packs, all of which are made from recycled paper.
Why Purchase the Report?
- To visualize the global drinking straw market segmentation based on type, shape, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of drinking straw market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global drinking straw market report would provide approximately 61 tables, 51 figures, and 112 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
