Drinking Straw Trends and Forecast
The future of the global drinking straw market looks promising with opportunities in the foodservice, institutional, and household markets. The global drinking straw market is expected to grow with a CAGR of 23.3% from 2024 to 2030. The major drivers for this market are growing interest in environmentally & biodegradable friendly materials, increasing use of sustainable substitutes, and rising acceptance of reusable straws.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Drinking Straw by Segment
The study includes a forecast for the global drinking straw by type, shape, application, and region.
Drinking Straw Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Plastic Drinking Straw
• Paper Drinking Straw
Drinking Straw Market by Shape [Shipment Analysis by Value from 2018 to 2030]:
• Straight Drinking Straws
• U-Shape Drinking Straws
• Telescopic Drinking Straws
Drinking Straw Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Foodservice
• Institutional
• Household
• Others
Drinking Straw Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Drinking Straw Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies drinking straw companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the drinking straw companies profiled in this report include-
• Hoffmaster Group
• Huhtamaki
• Pactiv Evergreen
• Southeastern Liquid Analyzers
• StoneStraw Limited
• Paperstraw Group
• B&B Straw Pack
• ACE
• Absolute Custom Extrusions
• R&M Plastic Products
Drinking Straw Market Insights
Lucintel forecasts that paper drinking straw is expected to witness the higher growth over the forecast period.
Within this market, foodservice is expected to witness the highest growth over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global Drinking Straw Market
Market Size Estimates: Drinking straw market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Drinking straw market size by type, shape, application, and region in terms of value ($B).
Regional Analysis: Drinking straw market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, shapes, applications, and regions for the drinking straw market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the drinking straw market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for drinking straw market?
Answer: The global drinking straw market is expected to grow with a CAGR of 23.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the drinking straw market?
Answer: The major drivers for this market are growing interest in environmentally & biodegradable friendly materials, increasing use of sustainable substitutes, and rising acceptance of reusable straws.
Q3. What are the major segments for drinking straw market?
Answer: The future of the drinking straw market looks promising with opportunities in the foodservice, institutional, and household markets.
Q4. Who are the key drinking straw market companies?
Answer: Some of the key drinking straw companies are as follows:
• Hoffmaster Group
• Huhtamaki
• Pactiv Evergreen
• Southeastern Liquid Analyzers
• StoneStraw Limited
• Paperstraw Group
• B&B Straw Pack
• ACE
• Absolute Custom Extrusions
• R&M Plastic Products
Q5. Which drinking straw market segment will be the largest in future?
Answer: Lucintel forecasts that paper drinking straw is expected to witness the higher growth over the forecast period.
Q6. In drinking straw market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the drinking straw market by type (plastic drinking straw and paper drinking straw), shape (straight drinking straws, u-shape drinking straws, and telescopic drinking straws), application (foodservice, institutional, household, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Drinking Straw Market, Drinking Straw Market Size, Drinking Straw Market Growth, Drinking Straw Market Analysis, Drinking Straw Market Report, Drinking Straw Market Share, Drinking Straw Market Trends, Drinking Straw Market Forecast, Drinking Straw Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.