Eco-friendly straws, for example, bamboo straw, compostable straws, metal and glass straws are supplanting plastic straws, as last one make a lot of plastic waste. The eco-friendly straws are either comprised of bio-based materials, for example, paper, or reusable materials which incorporates nourishment grade silicone, metal or glass. Expanding nourishment and drink utilization, individuals frequently incline toward condition neighborly items rather than plastic, extending eco-friendly straws showcase. Changing producer's contemplations because of stringent guidelines and natural effect of plastic straws is boosting eco-friendly straws showcase.
The worldwide eco-friendly straws showcase is assessed to encounter development during the figure time frame according to the number stringent guidelines on plastic use. Non-poisonous and are bio-degradable options of compound loaded plastic is improving the eco-friendly straws showcase esteem. Makers are searching for items that give shopper accommodation along supportability. For example, nourishment partnerships, for example, McDonald's are attempting to wipe out plastic-based items. Moving towards utilizing straws made of feasible items, for example, bamboo, paper, or glass are pushing the interest for eco-friendly straws. Eco-accommodating straws are recyclable just as a la mode pattern, as insides of bars, cafés, and home incorporates glass straws for the bit of class to eating tables. The assortment of choices accessible when materials are contemplated, developing interest for eco-friendly straws showcase.
The "Global Eco-friendly Straws Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the eco-friendly straws market with detailed market segmentation by material type, straw length, end-user industry and geography. The global eco-friendly straws market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading eco-friendly straws market players and offers key trends and opportunities in the market.
The global eco-friendly straws market is segmented on the basis of material type, straw length and end-user industry. On the basis of material type, the eco-friendly straws market is segmented into paper, silicone, metal, glass, bamboo. Based on straw length the eco-friendly straws market is segmented into upto 10 cm, 15 cm and 20 cm. By end-user industry the eco-friendly straws market is segmented into foodservice, institutional and households.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global eco-friendly straws market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The eco-friendly straws 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 eco-friendly straws market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 eco-friendly straws market in these regions.
The reports cover key developments in the eco-friendly straws 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from eco-friendly straws market are anticipated to lucrative growth opportunities in the future with the rising demand for aluminum castings in the global market. Below mentioned is the list of few companies engaged in the eco-friendly straws market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the eco-friendly straws market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Huhtamaki Oyj
- Aardvark Straws
- Pactiv LLC
- Hoffmaster Group Inc.
- PT. Strawland
- Vegware Ltd.
- Biopac Ltd.
- The Paper Straw Co.
- Sulapac Oy.
- Gumi Bamboo
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
This text is related
to segments covered.
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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to country scope.
1. Huhtamaki Oyj
2. Aardvark Straws
3. Pactiv LLC
4. Hoffmaster Group Inc.
5. PT. Strawland
6. Vegware Ltd.
7. Biopac Ltd.
8. The Paper Straw Co.
9. Sulapac Oy.
10. Gumi Bamboo
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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