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Eco-Friendly Straw Market by Material Type (Paper, Silicone, Metal, Glass, Bamboo, and Wood), Basis of Length (10cm, 15cm, and 20 cm) by Application (Carbonated Beverage, Milkshakes, Iced Tea, Fruit Juices, Alcoholic Beverages, and Others), and End User (Hotels, Restaurants, Hospitals, Corporate Canteens, Street Vendors, Bars and Cafes, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

A11886
Pages: NA
Aug 2021 | 117 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Eco-friendly straws are biodegradable and non-toxic, which is a perfect alternative for chemically processed plastic straw. Manufacturing companies are trying to create eco-friendly straws that look stylish and trendy. Bars, restaurants, and cafes are adopting the use of eco-friendly straws as it gives an elegant touch to the dining experience. These straws are made from biodegradable materials such as wood, paper, silicone, metal, bamboo, and glass. Straw manufacturers are working on innovations to attract more customers by introducing new designs such as star-shaped, polka dots, striped, and others. Increased consumption of food and beverages in catering sections requires a massive stock of eco-friendly straws to meet the demand. The hospitality and catering sector had to shut their business due to the outbreak of COVID-19, which hampered the growth of the eco-friendly straw market. Post-COVID, the demand is expected to increase as the consumers will resume visiting bars, cafes, and other commercial sectors.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Segments Covered

Material Type, Basic of Length, Application, End User, and Region

  Companies Covered

Huhtamäki Oyj., Biopac (UK) Ltd, Sulapac Oy, The Paper Straw Co, Vegware Ltd., Guanlin Paper Products Co., Ltd., Merrypak, Co., Stroodles. Co., Papearth. Hu., and Pactiv LLC.

 

COVID-19 Impact Analysis

  • There was a negative effect on the eco-friendly straw market due to the COVID-19 pandemic. The demand for eco-friendly straws decreased during these times due to the lack of stocks and disrupted distribution channels.
  • The restaurants were closed because the lockdown restricted consumers to fine dining experience, discouraging eco-friendly straws requirements.
  • Consumers have shifted their interest to essential products to help them over the lockdown period. Consumers had no use of eco-friendly straws as there are alternate ways for them to drink beverages without a straw. For the individual, demand for eco-friendly straws substituted by groceries and pharmaceuticals products.

Top Impacting Factors

  • Consumer awareness regarding environmental health is encouraging them to adopt the use of eco-friendly straws. The usage of eco-friendly straws is trending in the market as people are fascinated with the design and feel they experience using eco-friendly straws. Manufacturing companies are introducing their newest innovations to capture the interest of new consumers and influence them to opt for biodegradable straws.
  • Household is the only sector that has showed a high demand for eco-friendly straws. During this pandemic, consumers have learnt that personal hygiene is a vital factor in keeping them healthy. The need for healthy eating of food and beverages simultaneously increases the need for environmental-friendly straws, plates, and spoon. Hence, the demand for eco-friendly goods witnessed a spike in the past few months.
  • Countries around the globe are banning the use of plastic straw as it is an environmental hazard. The decreasing use of plastic straws is leading to the growth of the eco-friendly straw market. The new organizations are joining the initiative to eradicate the usage of plastic straws.

Market Trends

Increase in popularity of online retailing

The major manufacturers of eco-friendly straws contribute to one-fifth of the total production of straws. The company procures the straws directly from the manufacturing company. The direct procurement of straws is a familiar way to do business in the eco-friendly straw market. Manufacturing companies offer heavy discounts on sales of straws, making it a profit-making deal for the buyers. Due to the ongoing pandemic, the business had partially shifted from traditional to online. Currently, the manufacturing companies are creating their website for sales or coming into partnership with e-commerce giants to sell their products.

The foodservice industry plays a vital role in the eco-friendly straw market

The foodservice industry is the primary customer of eco-friendly straws. The rise in demand for food services all over the world is creating an equal want for eco-friendly straws. All catering and hospitality industries are environmentally aware and encourage environment-friendly dishes, cutlery and straws. Straws made of glass are gaining popularity in customers, as it gives an aesthetic look to the straw

Non-printed straws preferred more than printed straws

Consumers choose non-printed straws more than printed straws as the ink on the printed straw dissolves with the beverages. The dissolved ink may cause health problems in consumers.

Key Segments Covered

Material Type

  • Paper
  • Silicone
  • Metal
  • Glass
  • Bamboo
  • Wood

Basis of Length

  • 10 cm
  • 15 cm
  • 20 cm

Application

  • Carbonated Beverage
  • Milkshakes
  • Iced tea
  • Fruit Juices
  • Alcoholic Beverages
  • Others

End User

  • Hotels
  • Restaurants
  • Hospitals
  • Corporate Canteens
  • Bars & Cafes
  • Street Vendors
  • Others

Region

  • North America 
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the eco-friendly straw industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the eco-friendly straw market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the eco-friendly straw market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed eco-friendly straw market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

  • Who are the leading market players active in the eco-friendly straw market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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