The latest report by IMARC Group, titled “Reusable Straw Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” finds that the global reusable straw market size reached US$ 1.5 Billion in 2019. Reusable straws refer to eco-friendly straws made up of natural food-grade materials like organic bamboo, silicon, stainless steel and glass. These straws are non-porous, hypo-allergenic and dishwasher- and microwave-safe. Nowadays, with a rise in the number of food outlets, as well as the growing environment consciousness among consumers, reusable straws are gaining momentum as a means to control the rising environmental damage caused by plastic straws.
Global Reusable Straw Market Trends:
At present, food service providers are facing pressure from the public against the use of plastic disposables due to growing awareness about the negative environmental impact of these products. This represents one of the prominent factors boosting the sales of reusable straws across the globe. Apart from this, governments of various countries have implemented strict regulations on the usage of single-use plastics. Owing to this, many hospitality-related sectors are rapidly adopting reusable straws to reduce non-biodegradable waste generation. Moreover, the leading companies have designed innovative straws made with eco-friendly materials. For instance, Ecostraws, Inc. has produced stainless steel straws as an alternative to plastic straws, which are portable, tasteless, rust-proof, non-toxic and BPA-free. They also offer bamboo straws that are natural, durable, organically grown and do not contain dyes or inks. Looking forward, the market value is projected to reach US$ 2.5 Billion by 2025, registering a CAGR of 8.7% during 2020-2025.
- Based on the type, the report finds that stainless steel straws represent the most popular type, accounting for the majority of the overall market share. Other major segments are reusable plastic, bamboo, glass and other types of straws.
- On the basis of the end user, the market has been segmented into the residential, HORECA and other sectors. At present, the HORECA sector exhibits a clear dominance in the market.
- The market has been segregated based on the distribution channel into supermarkets and hypermarkets, convenience stores, online and others.
- Region-wise, Asia Pacific holds the leading position in the market. It includes countries like China, Japan, India, South Korea, Australia and others. Other major regions include North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others). Latin America (Brazil, Mexico and others), and Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates and others).
The competitive landscape of the market has been examined, with some of the key players being Eco-Products, Inc., EcoStraws Ltd., Crate and Barrel, Eco Imprints, Inc., Ever Eco, The Final Co. LLC, Greens Steel, Jungle Straws (Chalk & Skinner Ltd), Klean Kanteen, Inc., Koffie Straw Company, Simply Straws LLC, StrawFree.org, Shopterrain.com LLC and U-Konserve.
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