Straw Market Report 2024

The straw market size has grown strongly in recent years. It will grow from $17.7 billion in 2023 to $18.85 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. During the historic period, growth can be attributed to several factors including a growing emphasis on utilizing agricultural by-products, heightened demand for sustainable and biodegradable products, expanding markets for biodegradable straws in emerging economies, implementation of subsidies and incentives for renewable resources, and increasing public awareness regarding environmental issues and plastic pollution.

The straw market size is expected to see strong growth in the next few years. It will grow to $24.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth expected during the forecast period is driven by several factors, stricter bans on single-use plastics, corporate commitments to sustainability and zero-waste initiatives, a consumer shift towards eco-friendly and organic products, increased governmental support for green products through legislation, and advancements in producing biodegradable straws. Key trends anticipated include innovations in straw processing and manufacturing techniques, the emergence of straws made from diverse biodegradable materials, reduced costs of biodegradable straws due to economies of scale, collaborations between brands to promote sustainable packaging, and heightened consumer education about the advantages of biodegradable products.

The rising consumption of beverages is expected to drive the growth of the straw market in the future. Beverages, which include liquids consumed for hydration, nutrition, or enjoyment, are experiencing increased demand due to consumer preferences for a wider variety, convenience, and higher-quality drink options, as well as cultural and social trends surrounding beverage consumption. Straws play a crucial role in both alcoholic and non-alcoholic beverages by facilitating easier and more hygienic consumption, enhancing the drinking experience, and preventing spills, particularly in mobile settings. For example, a February 2023 report from Statistics Canada indicated that sales of alcoholic beverages at retail establishments and liquor authorities in Canada reached $26.1 billion for the fiscal year 2022, marking a 2.4% increase from the previous year. Additionally, wine sales increased by 2.1%, totaling $8.1 billion in 2021 and 2022. Thus, the growing consumption of beverages is a significant driver of the straw market's expansion.

Major companies in the straw market are increasingly focusing on developing innovative products such as recyclable straws to encourage eco-friendly choices among consumers. A recyclable straw is crafted from materials that are easily recyclable after use. For instance, in July 2022, SIG India, a food packaging manufacturer based in India, introduced a series of recyclable paper straws featuring various sizes, shapes, and applications. These straws from SIG address significant environmental concerns associated with plastic alternatives by offering a highly biodegradable, non-plastic option. They are engineered to blend functionality with sustainability, designed to fit seamlessly with all SIG carton packs featuring straw holes, often paired with smaller-sized packs for convenient consumption.

In August 2022, Matrix Pack SA, a Greece-based company specializing in paper straws and biodegradable lids for beverages, acquired the Paper Straw Co., a UK-based paper straw manufacturer, for an undisclosed sum. This acquisition is aimed at expanding the product offerings of the Paper Straw Co. (TPSC) and increasing its market presence in the UK and Irish markets.

Major companies operating in the straw market are Tetra Pak International SA, Stora Enso, Nippon Paper Industries Co. Ltd., Pactiv Evergreen Inc., Huhtamaki Oyj, Crate and Barrel, Hoffmaster Group Inc., Duni AB, Eco-Products Inc., Vegware Ltd., Klean Kanteen, ConverPack Inc., StoneStraw Limited, Transcend Packaging, Final Co. LLC, UniversalPromo Inc., Straws & Stripes LLC, Steelys Drinkware, R&M Plastic Products Ltd., Koffie Straw, Jungle Straws, Gaia Eco Products Inc., Ever Eco, B&B Straw Pack Co. Ltd., Absolute Custom Extrusions Inc.

Asia-Pacific was the largest region in the straw market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the straw market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the straw market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A straw is a slender tube designed for sipping and consuming beverages. It is commonly employed for soft drinks, milkshakes, cocktails, and other liquid refreshments, offering a convenient and hygienic means of consumption. Straws facilitate easier and more controlled intake of beverages, which is particularly beneficial for individuals with mobility or accessibility challenges.

Straws are available in various materials including plastic, bamboo, metal, paper, glass, silicone, and others. Plastic straws, for instance, are small cylindrical tubes crafted from plastic materials, primarily utilized for drinking beverages. They are distributed through multiple channels such as manufacturers, distributors, retailers, and e-retailers, and are offered in different lengths categorized as < 9 cm, 9-15 cm, 16-20 cm, and >20 cm. These straws serve diverse end-users including food service establishments, institutions, and households.

The straw market research report is one of a series of new reports that provides straw market statistics, including straw industry global market size, regional shares, competitors with a straw market share, detailed straw market segments, market trends, and opportunities, and any further data you may need to thrive in the straw industry. This straw market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The straw market consists of sales of custom printed and wrapped paper straws, aluminum straws, compostable straws and related products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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