Reusable Straw Market Driving Factors, Impact of COVID-19 and Growth Opportunity
by Chris jackson Market ResearchGlobal Reusable Straw Market Report by Type
(Stainless Steel Straw, Reusable Plastic Straw, Bamboo Straw, Glass Straw),
End-User (Residential, HORECA, Others), Distribution Channel (Supermarkets and
Hypermarkets, Convenience Stores, Online, Others) Key Players and Region –
Industry Outlook to 2025.
According 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.
Report Metric
Historical: 2014-2019
Base Year: 2020
Forecast Year: 2020-2025
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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.
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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.
Market Segmentation:
The report has segmented on the basis of type, end-user, distribution
channel and region.
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
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.
About Us:
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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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IMARC Group
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Created on May 13th 2021 06:12. Viewed 1,077 times.