Drinking Straw Market Key Players Analysis and Growth Forecast by 2031

MARKET INTRODUCTION

A drinking straw is a small cylindrical hollow tube that is used to drink a beverage by inserting one end into the mouth and the other into the beverage. It can be made of a variety of materials, including paper, polymers, and others. Due to government legislation prohibiting the use of plastic straws, compostable and biodegradable drinking straws have recently become popular. As a result, some major manufacturers are introducing paper-based and recyclable straws to reduce pollution caused by plastic straws.

MARKET DYNAMICS

Increase in the number of the international and local restaurants, hotels and food chains is driving the growth of the drinking straw market. Furthermore, companies are developing environment friendly biodegradable drinking straw, which is anticipated to create market opportunities for the drinking straw market during the forecast period. However, ban on single use plastic straw may restrain the growth of the drinking straw market.

MARKET SCOPE

The "Drinking Straw Market" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the drinking straw market with detailed market segmentation by material and by end user. The drinking straw market is expected to witness high growth during the forecast period. The report key trends and opportunities in the market.

MARKET SEGMENTATION

The drinking straw market is segmented into material, and end user. By material, the drinking straw market is classified into paper, plastic and metal. By end user, the drinking straw market is classified into residential and non - residential.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global drinking straw market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The drinking straw market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the drinking straw market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the drinking straw market in these regions.

MARKET PLAYERS

The report covers vital developments in the drinking straw market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the drinking straw market are anticipated to witness lucrative growth opportunities in the future with the rising demand for table stand in the global market. Below mentioned is the list of few companies engaged in the drinking straw market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the drinking straw market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•  R&M Plastic Products
  
•  Aardvark Straws
  
•  ACE, Absolute Custom Extrusions, Inc. -
  
•  B&B Straw Pack
  
•  NIPPON STRAW Co., Ltd.
  
•  SELA
  
•  StoneStraw
  
•  Tawfikiya Plastic
  
•  The Paper Straw
  
•  IKEA
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Drinking Straw Report Scope