Global Biodegradable Straws Market - 2023-2030

Market The global biodegradable straws market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 41.1% during the forecast period (2024-2031). Biodegradable materials like glass, bamboo, metal, silicone, wood, and paper are used to make the straws.

Manufacturers of straws are coming out with new patterns including star-shaped, polka-dotted, striped and others in an effort to attract more customers. Due to increased food and beverage consumption in catering areas, a plentiful supply of eco-friendly straws is needed to satisfy demand.

Market Dynamics

The growing environmental concerns and hazards of using plastics

Strict laws prohibiting the use of plastic straws in many cities and nations throughout the world are forcing cafés and restaurants to switch to other types of straws, which is boosting the market for biodegradable straws.

Likewise, there have been numerous regional and national initiatives and events in North America to encourage customers and businesses to voluntarily reduce their use of single-use plastics. To capture a piece of the growing market in North America, numerous new start-ups have mushroomed in recent years.

The rising government regulations and sustainability initiatives

many companies are making efforts to lessen their environmental effect and raise their sustainability credentials. Many companies are moving to biodegradable straws and other eco-friendly items as part of the initiatives.

For instance, Starbucks and McDonald's have made commitments to eradicate plastic straws from their retail locations by 2020 and to switch to paper straws in all of their UK restaurants by that time. Several companies have also made intentions to stop using single-use plastic straws, including Marriott International and American Airlines.

Market Segmentation Analysis

The global biodegradable straws market is segmented based on type, end-user and region.

The application of Biodegradable Straws in Household

The demand for biodegradable paper straws is anticipated to control the market. The market includes various types of paper straws, such as plain, printed, colored and wrapped, suitable for different applications such as foodservice, retail and household use. The demand for paper straws is expected to continue to increase as more countries ban single-use plastics and consumers seek sustainable options.

Key players in the global biodegradable paper straws market include Aardvark Straws, Hoffmaster Group, Inc., Huhtamaki Oyj, Transcend Packaging Ltd., The Paper Straw Co. and many others. These companies are focusing on product innovation, sustainable sourcing and strategic partnerships to gain a competitive edge in the market.

Market Geographical Shares

The rising environmental concerns in North America

North America is expected to be the second dominant region in the market for biodegradable straws during the anticipated period. As environmental concerns are growing in the region, the government is taking several initiatives to ban single-use plastic products such as straws and plastic bags. For instance, The Break Free From Plastic Pollution Act was first presented in 2020 and it has been ongoing through 2021. The measure was being reviewed by the Senate as of March 2021.

Similarly, some states have explicitly banned specific types of single-use plastics, mainly plastic bags and straws, including California, Maine, New York oregon, Connecticut, Delaware, Hawaii and Vermont, among others.

Market Companies

The major global players include Aardvark Straws, HAY! Straws, The Paper Straw Co., Hello Straw, Huhtamäki Oyj, The Blue Straw, BioPak Pty Ltd, Sulapac Oy, SAS OSTONE, AvoplastiQs LLC, Phade, WinCup, UrthPact, LLC, Eagle Beverage products, AvoplastiQs LLC and others.

Key Developments
• On August 30, 2022, The Paper Straw Co. was acquired by Matrix Pack, a Greek sustainable packaging company. The new deal will expand Matrix Pack footprint in Europe. It will also enable significant investment in the production expansion of The Paper Straw Co.
• On February 13, 2019, Huhtamaki has launched environmentally friendly paper straws in an effort to encourage customers to use them instead of plastic ones when drinking cold beverages. The paper used in the production of the paper straws was indicated to be Programme for the Endorsement of Forest (PEFC) certified by the manufacturer, which also used fiber from sustainably managed forests. In Europe, China and U.S., the food safety of Huhtamaki's straws has been examined and confirmed.
• In January 29, 2019, BioPak has introduced significantly cut the price of its selection of FSC-certified paper straws in an effort to persuade more eateries and bars to quit offering plastic straws.

The global biodegradable straws market report would provide approximately 53 tables, 53 figures and 205 pages.