Valley Cottage, NY -- (SBWIRE) -- 08/08/2019 -- Future Market Insights (FMI) delivers key insights on the global straw market in its published report titled "Global Straw Market Forecast, Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029." In terms of revenue, the global straw market is estimated to expand at a CAGR of nearly 6% during the forecast period, owing to numerous factors, which FMI highlights in this research report.
Foodservice Sector's Growth Supports the Global Straw Market
Expansion of the straw market is proportional to the growth of the foodservice industry. As per FMI analysis, at a global level, straw consumption remains at a strong position. However, there is a shift in consumer preference from plastic straws to other biodegradable and reusable straws.
Manufacturers in the straw market are offering a variety of straws as alternatives to plastic straws. Plastic straws are one of the top-most found ocean trash types, which is expected to hamper the global straw market growth. Considering the point of view of manufacturers, single-use plastic straw ban is decreasing the overall demand for plastic-based products. Countries such as the United Kingdom, the United States, Germany, India, and China, have banned the usage of single-use plastic products.
Investments in restaurants, cafes, hotels, bars, and lounges are expected to create relatively high demand for in-trend straws that are biodegradable as well. Some manufacturers in the industry are offering products such as straw-less lids, to avoid the usage of plastic straws.
Straws definitely serve as a convenient solution for beverage drinking but are polluting the environment. However, there are manufacturers who are introducing eco-friendly, as well as reusable straws to eliminate the pollution caused by plastic straws. The outlook for the global straw market is expected to be positive during the forecast period.
Customization and Branding Opportunities Make Paper Straws a Compelling Option
Brand owners and straw manufacturers are collaborating to create customized straws with logos and taglines for marketing, as well as branding. There are different types of straws available in the market, which can be engraved as per requirement. The length, color, and diameter of straws depends on the type of beverage. Manufacturers in the straw market are more likely to shift towards paper straws than other straws. However, some paper straws become soggy after a particular interval of time.
Straw Market Taxonomy
The straw market has been segmented as plastic straws, paper straws, metal straws, glass straws, bamboo straws, silicone straws, and hay/edible straws. Classification on the basis of straw length includes less than 9 cm, 9-15 cm, 16-20 cm, and above 20 cm segments. The global straw market is also segmented on the basis of sales channel, which is categorized as manufacturers, distributors, retailers, and e-retail. The straw market is classified on the basis of end use, which includes food service, institutional, and household. The food service and institutional end-use industry are further sub-categorized.
New Launches and Collaborative Activities Trend in Straw Industry
Manufacturers in the straw market are adopting collaboration strategies to expand their global reach. Leading players are offering a wide range of options for straw consumers such as collapsible straws, biodegradable straws, recyclable straws, reusable straws, edible straws, and straw (hay) straws.
Queries regarding the report can be addressed to Future Market Insight's analysts @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-9214
Collaborations & Joint Ventures
Stora Enso Oy, a leading player in the packaging industry, and Sulapac Oy, a cosmetic packaging solution provider, combined together to create renewable straw named Sulapac Straw.
Product Launch
A new entrant in the straw market, FinalStraw, a straw manufacturer established in 2017, came up with a product Collapsible Straw, a straw which can be folded, carried with a keychain, and is also reusable.
Hoffmaster Group Inc., Gumi Bamboo, NIPPON STRAW Co., Ltd, Huhtamäki Oyj., Tetra Pak International S.A., Sulapac, Lollicup USA, Inc., Pactiv LLC, Biopac Ltd., Absolute Custom Extrusions, Inc., PT. Strawland Eco-Straw Bygreen Australia, Strawsome, and US Paper Straw among others, are some of the prominent players actively partaking in the global straw market's competition landscape.
For exclusive insights on the various other facets of straw market, write to the analyst at press@futuremarketinsights.com
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Straws Market Reports - Table of Contents
1. Executive Summary
1.1. Market Outlook
1.2. Analysis and Recommendations
1.3. Wheel of Opportunity
2. Market Overview
2.1. Market Definition
2.2. Market Taxonomy
3. Key Success Factors
3.1. Global Foodservice Packaging Market Outlook
3.2. Regulations on Single Use Plastic Bans
3.3. Comparative Analysis of Straws (Plastic, Paper, Bamboo etc.)
3.4. Adoption of Straw: Consumer Sentiment Analysis
3.5. Are Straw the Future?: How Leading Brands Are Moving Away From Plastic Straws
3.6. Comparative Analysis: Plastic Straws vs. Eco-friendly Straws
3.7. Key Industry Perspectives & Sentiments
4. Global Straw Market Demand Analysis 2014-2018 and Forecast, 2019-2029
4.1. Historical Market Volume (Units) Analysis, 2014-2018
4.2. Current and Future Market Volume (Units) Projections, 2019-2029
4.3. Y-o-Y Growth Trend Analysis
5. Global Straw Market - Pricing Analysis
5.1. Pricing Analysis By Product Type
5.2. Pricing Forecast By Product Type
6. Market Background
6.1. Macro-Economic Factors
6.1.1. Global GDP Growth Outlook
6.1.2. Manufacturing Value Added
6.1.3. Food Service Packaging Growth Rate
6.2. Forecast Factors - Relevance & Impact
6.2.1. Macro-economic and Micro-economic Outlook
6.2.2. Raw Material Costs (Glass, Metal, Paper, Bamboo)
6.2.3. Plastic Production
6.2.4. Disposable Income
6.2.5. Segmental Revenue Growth of Key Players
6.2.6. Global Beverage Industry Growth
6.2.7. Per Capita Consumption
6.2.8. Institutional End Use Industry Growth
6.2.9. Household End Use Industry Growth
6.3. Value Chain
6.3.1. Key Participants
6.3.1.1. Straw Manufacturers
6.3.1.2. Distributers/Retailers
6.3.1.3. End Users
6.3.2. Profitability Margin
6.4. Market Dynamics
6.4.1. Drivers
6.4.2. Restraints
6.4.3. Opportunities
6.4.4. Trend
7. Global Straw Market Analysis 2014-2018 and Forecast 2019-2029, by Product Type
7.1. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2014 - 2018
7.2. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2019 - 2029
7.2.1. Plastic
7.2.2. Bamboo
7.2.3. Metal
7.2.4. Paper
7.2.5. Glass
7.2.6. Silicone
7.2.7. Others
7.3. Market Attractiveness Analysis By Product Type
8. Global Straw Market Analysis 2014-2018 and Forecast 2019-2029, by Straw Length
8.1. Historical Market Size (US$ Mn) and Volume Analysis By Straw Length, 2014 - 2018
8.2. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Straw Length, 2019 - 2029
8.2.1. < 9 cm
8.2.2. 9 – 15 cm
8.2.3. 16 – 20 cm
8.2.4. > 20 cm
8.3. Market Attractiveness Analysis By Straw Length
9. Global Straw Market Analysis 2014-2018 and Forecast 2019-2029, by Sales Channel
9.1. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2014 - 2018
9.2. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Sales Channel, 2019 - 2029
9.2.1. Manufacturers
9.2.2. Distributors
9.2.3. Retailers
9.2.3.1. Hypermarkets
9.2.3.2. Supermarkets
9.2.3.3. Convenience Stores
9.2.3.4. Specialty Stores
9.2.3.5. Discount Stores & Warehouse/Wholesale Clubs
9.2.4. E-retail
9.3. Market Attractiveness Analysis By Sales Channel
10. Global Straw Market Analysis 2014-2018 and Forecast 2019-2029, by End Use
10.1. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2014 - 2018
10.2. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2019 - 2029
10.2.1. Food Service
10.2.1.1. Hotels
10.2.1.2. Restaurants & Motels
10.2.1.3. Bars & Lounges
10.2.1.4. Cafes
10.2.1.5. Fast Food Outlets
10.2.1.6. Airline & Railway Catering
10.2.2. Institutional
10.2.2.1. Educational
10.2.2.2. Healthcare
10.2.2.3. Corporate
10.2.3. Household
10.3. Market Attractiveness Analysis By End Use
..... & Read more