Global reusable straw market grew a CAGR of around 12% during the historical period of 2014-2019According to the IMARC Group, the global reusable straw market grew a CAGR of around 12% during the historical period of 2014-2019.
Reusable straws are a major substitute for plastic straws that are widely being adopted across cafes, schools, hotels, hospitals and restaurants. Generally made from recyclable materials, such as glass, bamboo, stainless steel and titanium, these straws are safer to use as they do not contain harmful chemicals, unlike their plastic counterparts. They are biodegradable in nature, have improved longevity and are portable.
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Market Trends
The global reusable straw market is primarily driven by the growing consciousness among the masses regarding the adverse effects of plastic straws, among other plastic disposables. This has consequently led to the burgeoning sales of reusable straws, facilitated by inflating disposable incomes and an enhanced focus toward sustainable development. Moreover, several initiatives are being undertaken by leading players in the food and beverage industry to replace plastic straws with reusable variants. The increasing sales of convenience foods and significant growth in the online food delivery industry are also contributing to the market growth. Furthermore, governments of numerous countries have implemented stringent policies to reduce the use of single-use plastics, which is expected to further provide an impetus to the market growth.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Segmentation:
Breakup by Type:
Stainless Steel Straw
Reusable Plastic Straw
Bamboo Straw
Glass Straw
Others
Breakup by End-User:
Residential
HORECA
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online
Others
Breakup by Region:
Asia Pacific
North America
Europe
Latin America
Middle East and Africa
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Competitive Landscape:
Some of the major players operating in the industry include Eco-Products, Inc, EcoStraws Ltd, Crate and Barrel, Eco Imprints, Ever Eco, Final Straw, Greens Steel, Jungle Straws/Jungle Culture (Chalk & Skinner Ltd), Klean Kanteen, Koffie Straw, Simply Straws, Steelys Drinkware, StrawFree.org, TERRAIN, U-KONSERVE, etc.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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