Reusable Straw Market by Material Type, by End-User, by Application and Geography – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019 – 2026
The Global Reusable Straw Market grew a CAGR of around 12% during the forecast period 2014-2019. Factors such as growing number of government initiatives for reducing carbon footprints by curbing single-use plastic, consumer awareness towards the ecological benefits of reusable straw and growing environmental concerns have augmented the market growth.
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Human dependence on plastic has had some devastating effects on environment and climate change in the last few years. Plastic significantly causes major hindrances in the waste management which later results in the disturbance of ecosystem. Therefore, governing bodies across the world are now awakening in the enlightenment of sustainable development and using minimal natural resources. This indirectly implies shifting to recycle methods. The market also witnesses ideal demonstration by leading organizations in the path of using alternatives to plastic straws. The British Beer & Pub Association (BBPA) is one of the prominent organization to represent the brewing and pub business. BBPA is relentlessly working to promote sustainability across the scope of vertical. For instance, the BBPA members comply to waste management guidelines and volunteers in not-for-profit ventures in order to encourage plastic free alternatives.
Reusable Straw Market Trends, Drivers and Opportunities:
Reusable straw market is highly driven by growing initiatives by government to curb use of plastic and strengthen eco-friendly alternatives that offer consumer convenience and high sustainability. Demand for aesthetic appeal is also a major driving factor for reusable straw market. Growing use of paper for public use also encourages a multi-use approach. Rise in use of reusable straws for non-alchoholic consumption in highly evident in the developed economies. Moreover, use of various designs such as polka dot series, printed straws, star-shaped cover a several of occasions. Growing awareness against plastic is a major trend witnessed across all sectors of market. For instance, in Europe McDonald’s has cut down on plastics to wrap food and beverages. Instead the European countries are now adopting the approach of recycle for daily-use products.