Global Straws Market by Type, End-use, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Straws Market is valued to reach USD 11 Billion by 2025, expanding at a significant CAGR during forecast period 2020–2026. The boom in the food & beverage industry is one of the prime factors driving the market growth, coupled with manufacturers constantly engaging in product innovations to cater to changing needs of various sectors related to packaging industry.

Get Sample Report: https://dataintelo.com/request-sample/?reportId=129972

As single use plastic straws are subject to regulatory backlash, key market players are turning to sustainable material choices such as metal, glass, bamboo, and paper. Although these eco-friendly alternatives are relatively expensive than plastic, they minimize the environmental impact and promote sustainability in the market. Paper will continue to gain higher traction than its glass and metal counterparts owing to the relatively low price point.

Market Dynamics:

Shift of the packaging industry toward sustainable product development to reduce the use of plastic is driving the adoption of non-plastic straws.
Increasing focus on protecting the environment by reducing in the usage of single use plastic straws and replacing them with ecofriendly ones is expected to drive the market growth during the forecast period.
Rising consumption of packaged food products due to busy lifestyle and hygiene issues at public places have resulted in the increase in the demand for straws for easy and safe consumption.