The global compostable straws market is anticipated to accumulate a market value of US$ 1,670 million in 2023 and is expected to garner a valuation of US$ 3,250 million by exhibiting a CAGR of 6.8% in the forecast period 2023 to 2033. The market of temperature-controlled packaging boxes market reflected growth with a 5% CAGR in the historical period 2018 to 2022.
Rise in the nourishment and drink utilization among the population across the globe is one of the major factors driving growth of compostable straws market. The increasing number of carbon-conscious consumers and wide use of straws, like glass straws in bars, restaurants, and homes, due to their various features such as recyclability, elegance, and stylish aesthetic are expected to drive the market growth.
Availability of various alternative options when materials are taken into consideration, and the growing transition of many prominent brands towards bio-degradable straws as part of their commitment toward environmental sustainability is further expected to fuel market growth. Also, the growing population, consumer inclination toward adopting eco-friendly neighborly items rather than plastic, and increasing awareness among people are propelling the product demand. Furthermore, product improvement will also extend lucrative opportunities to the market players during the forecast period.
Restaurants, cafes, and bars are adopting the use of biodegradable straws as it provides an elegant touch to the dining experience. These straws are made from biodegradable materials like wood, silicone, metal, paper, bamboo, and glass. Straw manufacturers are working on innovations to attract more customers by launching new designs such as polka dots, star-shaped, striped, and others.
Aesthetically pleasing single-use consumables have always been the focus of consumers. Therefore, eco-friendly straw makers offer printed paper straws with attractive designs to increase consumer attention in the market. Paper straws made of three or four layers of paper and many additives around the mold offer more durability than conventional paper straws. As a result, these straws can meet the market demand for stable and sustainable substitutes to plastic straws which will provide significant traction to the product demand in the coming years.
The rising consumption of beverages in catering sections requires a massive stock of eco-friendly straws to meet the demand. Besides, the hospitality and catering sector had to close off their business due to the outbreak of COVID-19, which hampered the growth of bioplastic and paper straw market. Post-COVID, the demand is anticipated to rise as consumers will resume visiting cafes, bars, and other commercial sectors.
Environment-friendly straws like bamboo straws, compostable straws, and glass & metal straws are replacing plastic straws, as the latter creates a huge amount of plastic waste. Europe has implemented a complete ban on the use of single-use plastic which will boost product demand even more. Strict regulations on plastic use by other countries will further assist the market growth. Surging demand for eco-friendly products and rising public awareness are expected to augment market growth during the forecast period.
Region-wise, Asia Pacific is expected to dominate the market by accumulating over 40% market share by end of the forecast period. The flourishing hospital sector in the region is expected to fuel the growth of the market during the projection period. The hospitality industry is a substantial end-user of paper straws, and the increasing number of grocery stores has significantly boosted the demand for paper straws.
In the food and beverage sector, consumer behavior has changed substantially. Moreover, increasing online grocery delivery platforms in emerging markets like India offer a return on investment of over 40%. This fuels competition for food delivery platforms among food service companies that provide lucrative growth opportunities for disposable food packaging such as paper straws. North America is expected to witness the fastest CAGR growth of 6.6% because of the rising consumer propensity toward reusable and recyclable products in the region.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 1,670 million |
| Projected Market Value in 2033 | US$ 3,250 million |
| Growth Rate (2023 to 2033) | 6.8% CAGR |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing compostable straws are expected to create lucrative opportunities for market growth during the forecast period.
The compostable straws is witnessing a notable demand from various industries because of the initiative taken to minimize the usage of plastic products. In last few years, beverages industry experienced exponential growth and fast development due to increase in the restaurants, cafes, hotels, food outlets and catering services.
This led to a sudden increase in the demand of compostable straws worldwide. Technological advancements led to a need of online delivery platforms which become an additive advantage to increase in the demand of compostable straws market. Additionally, to bring sustainability government has set eco-friendly rules across all the countries of the world.
Due to all these factors compostable straws will gain growing market demand globally in the coming future.
Growth in demand for compostable straws is expected to grow strongly for several reasons. Due to the non-biodegradability property of plastics has become a major factor behind the growth of compostable straws market demand. To minimize the soil and water pollution government has taken stringent steps against the use of plastic.
This has impacted positively on the rise of compostable straws demand. Furthermore, increasing consumer’s awareness towards the negative environmental impacts of plastic products is to be expected to propel the market demand growth of compostable straws in the forecasted period.
There are few factors which affect negatively on the demand of compostable straws. Compostable straws also require industrial composting requirements, which means that the consumers as well as manufacturer must have access to commercial compost facility, which are available only in certain parts of the world. Some compostable straws like glass also require specific temperature for them to be broken down if they have to be recycled and reused.
Additionally, like any other industry packaging industry also witnessed the negative impacts during COVID-19 pandemic. The compostable straws market has also impacted negatively as beverage industry has suffered during the pandemic. However, overall the global compostable straws market is estimated to expand with remarkable CAGR during the forecast period.
Principal Consultant
In the East and South Asia region, due to the rise in restrictions and ban on the usage of plastic by the governments across all the countries, will propel the compostable straws market growth. Among East Asian countries, China has become the dominant market, considering major consumption of compostable straws and out of East Asian countries compostable straws will witness a remarkable market growth of compostable straws due to the fast expansion of the food & beverage sector.
North America is a notable shareholder of a compostable straws market. Canada has become the first North American country to fully prohibit single-use plastic products. The European government’s initiative to ban plastic straws has started to spread at a faster rate all over the Europe.
Developing regions such as Latin America and the Middle East and Africa is going to be the next demanding market for compostable straws in the forecasted period.
Some prominent players in the global compostable straws market are as below:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on compostable straws market segments and geographies.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material 6.2. Width/Diameter 6.3. Sales Channel 6.4. End Use 6.5. Product 7. Global Market Analysis and Forecast, By Material 7.1. Paper 7.1.1. Virgin Kraft Paper 7.1.2. Recycled Paper 7.2. Pasta 7.3. Glass 7.4. Bamboo 7.5. Polylactic Acid (PLA) 8. Global Market Analysis and Forecast, By Width/Diameter 8.1. < 7mm 8.2. 7 - 10 mm 8.3. 10 - 15 mm 8.4. 15 mm 9. Global Market Analysis and Forecast, By Sales Channel 9.1. Manufacturers 9.2. Distributors 9.3. Retailers 9.3.1. Hypermarkets 9.3.2. Supermarkets 9.3.3. Convenience Stores 9.3.4. Specialty Stores 9.3.5. Discount Stores 9.4. E-retail 10. Global Market Analysis and Forecast, By End Use 10.1. Foodservice 10.1.1. Hotels & Restaurants 10.1.2. Bars & Lounges 10.1.3. Cafes & Fast Food Outlet 10.1.4. Cinemas 10.1.5. Airline & Railway 10.2. Institutional 10.2.1. Educational 10.2.2. Healthcare 10.2.3. Corporate 10.3. Households 11. Global Market Analysis and Forecast, By Product 11.1. Straight Straw 11.1.1. Printed 11.1.2. Non-Printed 11.2. Flexible Straw 11.2.1. Printed 11.2.2. Non-Printed 12. Global Market Analysis and Forecast, By Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. South Asia 12.5. East Asia 12.6. Oceania 12.7. Middle East & Africa (MEA) 13. North America Sales Analysis and Forecast, by Key Segments and Countries 14. Latin America Sales Analysis and Forecast, by Key Segments and Countries 15. Europe Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia Sales Analysis and Forecast, by Key Segments and Countries 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries 18. Oceania Sales Analysis and Forecast, by Key Segments and Countries 19. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 20. Sales Forecast by Material, Width/Diameter, Sales Channel, End Use, and Product for 30 Countries 21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 22. Company Profile 22.1. Huhtamaki Oyj. 22.2. Footprint 22.3. Hoffmaster Group, Inc. 22.4. Hello Straw 22.5. Biopak (United Kingdom) Ltd. 22.6. Wilbistraw 22.7. Sulapac Oy 22.8. SAS OSTONE 22.9. The Paper Straw Co. 22.10. EVOQ Sp. z o.o. 22.11. TIPI Straws Co 22.12. OkStraw Paper Straws 22.13. Tetra Pak 22.14. Bygreen 22.15. Nippon Paper Group 22.16. Canada Brown Eco Products Ltd. 22.17. Fuling Global Inc. 22.18. Soton Daily Necessity Co., Ltd. 22.19. Shenzhen Grizzlies Industries Co., Ltd. 22.20. Vegware Ltd
Explore Packaging Insights
View Reports
Compostable Straws Market
