Market Overview:
Disposable straws are alternative of chemical laden plastic straws. The disposable straw market has high growth prospects owing to increasing government initiative for banning plastic products. Increasing concerns regarding environmental safety and growing awareness about the disposable straw driving the market demand. Moreover, growing adoption by foodservice providers and increasing demand from the developing economies expected to drive the demand for disposable straws in the long-standing.
Attributes | Details |
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Study Period | 201-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 201-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Huhtamaki Group (Finland), Tetra Pak International S.A. (Switzerland), Hoffmaster Group, Inc. (United States), Biopac Ltd. (United Kingdom), Merrypak (South Africa), Guanlin Paper Products Co., Ltd. (China), Simply Straws (United States), Footprint LLC (United States), Vegware (United Kingdom) and TIPI Straws (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Disposable Straw Market Study:
Huhtamaki Group (Finland), Tetra Pak International S.A. (Switzerland), Hoffmaster Group, Inc. (United States), Biopac Ltd. (United Kingdom), Merrypak (South Africa), Guanlin Paper Products Co., Ltd. (China), Simply Straws (United States), Footprint LLC (United States), Vegware (United Kingdom) and TIPI Straws (United Kingdom)
Disposable Straw Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Hotels, Bars & Lounges, Cafes, Restaurants & Motels and Others |
Type | Paper Straw, Bamboo Straw, Hay Straw, Glass Straw and Others (Bio-degradable Plastic Straws, Edible Straws, and Papaya Leaf Straws) |
Distribution Channel | Online [Company Owned Portals |
Influencing Trend:
Increasing Adoption by Food Service Providers and Growing Adoption of Paper Straws
Market Growth Drivers:
Growth in Food Service Industry and Increasing Adoption of Bio-Degradable Straws Owing to Growing Environmental Concerns
Challenges:
Not Suitable For Hot Beverages and Lack of Awareness in the Emerging Economies
Restraints:
High Cost of Disposable Straws and Fluctuating Raw Material Prizes
Opportunities:
Increasing Awareness about Disposable Straws and Rising Demand from the Developing Economies
Some of the other players that are also part of study are Austraw Pty Ltd (Australia), Okstraw (United States), Numis LLC (United States), GP Paper Straw Sdn Bhd (Malaysia) and Aleco Straws (Hong Kong). The Global Disposable Straw market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
June 1, 2022 – Lamipak, one of the industry leaders in aseptic packaging products and solutions, announced its official launch of their U-shape paper straw solutions for the Indian market.
In September 2021, Footprint has launched a new R&D center in Eindhoven, in the Netherlands. This R&D Center will include a testing and prototype laboratory, a research facility, and serve as a central hub for sustainable solution innovation in Europe, catering to customers who are looking to move away from the use of single-use plastics.
“The European Parliament has approved a ban on disposable plastic products, bringing the ban one step closer to reality. The ban would affect a wide range of products that have alternatives, such as straws and cutlery. The ban would be implemented from 2021 and would affect a range of plastic products that have reasonable alternatives, such as plastic cutlery, foam takeout food containers, straws and drink stirrers.”
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Disposable Straw market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Disposable Straw market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Disposable Straw Manufacturers, Disposable Straw Suppliers and Distributors, Potential Investors, Raw Material Suppliers, Associations, Government and End Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.