Global Biodegradable Straws Market - 2023-2030

Global Biodegradable Straws Market - 2023-2030

Market Overview

The global biodegradable straws market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 41.1% during the forecast period (2023-2030).

A straw is defined as a tube made of paper or a biodegradable substance that is used to move beverages from their containers to the drinker's mouth. Compared to plastic straws, biodegradable straws are preferable since they break down more quickly and don't harm marine life. They are produced using naturally occurring plant materials, such as sugar cane or cornflour, which are also renewable.

Market Dynamics

The rising demand for eco-friendly straws

The demand for eco-friendly straws has significantly increased in recent years as people have become more aware of the damaging impacts of plastic waste on the environment. As a result, customers and businesses are searching for more sustainable and ecologically friendly alternatives. Alternatives to conventional plastic straws are becoming more popular, such as biodegradable straws.

Straws that decompose naturally without harming the environment are created from materials like paper, bamboo and wheat straw, which are also biodegradable and compostable. Government policies and programmes focused at minimizing plastic waste are also fueling the demand for eco-friendly straws.

Expensive than plastic straws

The cost of biodegradable straws is higher than that of plastic straws since the production process is more difficult and time-consuming. Many businesses that manufacture biodegradable straws also make marketing and branding investments to set themselves apart from rival brands and advertise the advantages of utilizing their goods. The marketing and branding initiatives raise the price of the goods since they demand more money and resources. Also, when demand for biodegradable straws rises, there may be a shortage of raw materials, which would raise the cost of production.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

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

The growing hygiene awraeness in café and fast food outlets

Cafes and fast food outlets make extensive use of disposable cutlery items such as spoons, forks and straws due to hygiene concerns and the fast-paced nature of customer service. One of the main reasons straws are used in cafes and fast food outlets is to prevent spills and messes. When people drink directly from a cup or glass, there is a higher chance of liquid spilling onto surfaces, clothes or even their faces. Straws provide a controlled flow of liquid, allowing people to drink without worrying about spills. It is especially useful for people on-the-go, such as commuters or those who eat and drink while driving.

Geographical Analysis

The rising prohibitions on plastics in Asia-Pacific

Asia-Pacific is predicted to have the highest growth rate for biodegradable straws throughout the projection period. A number of Asian nations currently have nationwide restrictions or prohibitions on single-use plastics. Long before the issue of single-use plastic bags became widely discussed, Bangladesh, the first nation to have a nationwide ban on plastic bags, enacted the ban in 2002. China announced a prohibition in 2020, with a phased execution schedule that began with the first part at the end of 2020 and the final phase in 2025. Additionally, a prohibition on single-use plastics was enacted in India and went into force in 2022.

Competitive Landscape

The major global players in the market are 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.

Why Purchase the Report?

• To visualize the global biodegradable straws market segmentation based on type, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of biodegradable straws market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

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

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies