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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Drinking Straw Market - By Material
1.3.2 Drinking Straw Market - By End User
1.3.3 Drinking Straw Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DRINKING STRAW MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DRINKING STRAW MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DRINKING STRAW MARKET - GLOBAL MARKET ANALYSIS
6.1. DRINKING STRAW - GLOBAL MARKET OVERVIEW
6.2. DRINKING STRAW - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. DRINKING STRAW MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. PAPER
7.3.1. Overview
7.3.2. Paper Market Forecast and Analysis
7.4. PLASTIC
7.4.1. Overview
7.4.2. Plastic Market Forecast and Analysis
7.5. METAL
7.5.1. Overview
7.5.2. Metal Market Forecast and Analysis
8. DRINKING STRAW MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. NON - RESIDENTIAL
8.4.1. Overview
8.4.2. Non - residential Market Forecast and Analysis
9. DRINKING STRAW MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Drinking Straw Market Overview
9.1.2 North America Drinking Straw Market Forecasts and Analysis
9.1.3 North America Drinking Straw Market Forecasts and Analysis - By Material
9.1.4 North America Drinking Straw Market Forecasts and Analysis - By End User
9.1.5 North America Drinking Straw Market Forecasts and Analysis - By Countries
9.1.5.1 United States Drinking Straw Market
9.1.5.1.1 United States Drinking Straw Market by Material
9.1.5.1.2 United States Drinking Straw Market by End User
9.1.5.2 Canada Drinking Straw Market
9.1.5.2.1 Canada Drinking Straw Market by Material
9.1.5.2.2 Canada Drinking Straw Market by End User
9.1.5.3 Mexico Drinking Straw Market
9.1.5.3.1 Mexico Drinking Straw Market by Material
9.1.5.3.2 Mexico Drinking Straw Market by End User
9.2. EUROPE
9.2.1 Europe Drinking Straw Market Overview
9.2.2 Europe Drinking Straw Market Forecasts and Analysis
9.2.3 Europe Drinking Straw Market Forecasts and Analysis - By Material
9.2.4 Europe Drinking Straw Market Forecasts and Analysis - By End User
9.2.5 Europe Drinking Straw Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Drinking Straw Market
9.2.5.1.1 Germany Drinking Straw Market by Material
9.2.5.1.2 Germany Drinking Straw Market by End User
9.2.5.2 France Drinking Straw Market
9.2.5.2.1 France Drinking Straw Market by Material
9.2.5.2.2 France Drinking Straw Market by End User
9.2.5.3 Italy Drinking Straw Market
9.2.5.3.1 Italy Drinking Straw Market by Material
9.2.5.3.2 Italy Drinking Straw Market by End User
9.2.5.4 United Kingdom Drinking Straw Market
9.2.5.4.1 United Kingdom Drinking Straw Market by Material
9.2.5.4.2 United Kingdom Drinking Straw Market by End User
9.2.5.5 Russia Drinking Straw Market
9.2.5.5.1 Russia Drinking Straw Market by Material
9.2.5.5.2 Russia Drinking Straw Market by End User
9.2.5.6 Rest of Europe Drinking Straw Market
9.2.5.6.1 Rest of Europe Drinking Straw Market by Material
9.2.5.6.2 Rest of Europe Drinking Straw Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Drinking Straw Market Overview
9.3.2 Asia-Pacific Drinking Straw Market Forecasts and Analysis
9.3.3 Asia-Pacific Drinking Straw Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Drinking Straw Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Drinking Straw Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Drinking Straw Market
9.3.5.1.1 Australia Drinking Straw Market by Material
9.3.5.1.2 Australia Drinking Straw Market by End User
9.3.5.2 China Drinking Straw Market
9.3.5.2.1 China Drinking Straw Market by Material
9.3.5.2.2 China Drinking Straw Market by End User
9.3.5.3 India Drinking Straw Market
9.3.5.3.1 India Drinking Straw Market by Material
9.3.5.3.2 India Drinking Straw Market by End User
9.3.5.4 Japan Drinking Straw Market
9.3.5.4.1 Japan Drinking Straw Market by Material
9.3.5.4.2 Japan Drinking Straw Market by End User
9.3.5.5 South Korea Drinking Straw Market
9.3.5.5.1 South Korea Drinking Straw Market by Material
9.3.5.5.2 South Korea Drinking Straw Market by End User
9.3.5.6 Rest of Asia-Pacific Drinking Straw Market
9.3.5.6.1 Rest of Asia-Pacific Drinking Straw Market by Material
9.3.5.6.2 Rest of Asia-Pacific Drinking Straw Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Drinking Straw Market Overview
9.4.2 Middle East and Africa Drinking Straw Market Forecasts and Analysis
9.4.3 Middle East and Africa Drinking Straw Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Drinking Straw Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Drinking Straw Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Drinking Straw Market
9.4.5.1.1 South Africa Drinking Straw Market by Material
9.4.5.1.2 South Africa Drinking Straw Market by End User
9.4.5.2 Saudi Arabia Drinking Straw Market
9.4.5.2.1 Saudi Arabia Drinking Straw Market by Material
9.4.5.2.2 Saudi Arabia Drinking Straw Market by End User
9.4.5.3 U.A.E Drinking Straw Market
9.4.5.3.1 U.A.E Drinking Straw Market by Material
9.4.5.3.2 U.A.E Drinking Straw Market by End User
9.4.5.4 Rest of Middle East and Africa Drinking Straw Market
9.4.5.4.1 Rest of Middle East and Africa Drinking Straw Market by Material
9.4.5.4.2 Rest of Middle East and Africa Drinking Straw Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Drinking Straw Market Overview
9.5.2 South and Central America Drinking Straw Market Forecasts and Analysis
9.5.3 South and Central America Drinking Straw Market Forecasts and Analysis - By Material
9.5.4 South and Central America Drinking Straw Market Forecasts and Analysis - By End User
9.5.5 South and Central America Drinking Straw Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Drinking Straw Market
9.5.5.1.1 Brazil Drinking Straw Market by Material
9.5.5.1.2 Brazil Drinking Straw Market by End User
9.5.5.2 Argentina Drinking Straw Market
9.5.5.2.1 Argentina Drinking Straw Market by Material
9.5.5.2.2 Argentina Drinking Straw Market by End User
9.5.5.3 Rest of South and Central America Drinking Straw Market
9.5.5.3.1 Rest of South and Central America Drinking Straw Market by Material
9.5.5.3.2 Rest of South and Central America Drinking Straw Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. DRINKING STRAW MARKET, KEY COMPANY PROFILES
11.1. R AND M PLASTIC PRODUCTS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AARDVARK STRAWS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ACE, ABSOLUTE CUSTOM EXTRUSIONS, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. B AND B STRAW PACK
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NIPPON STRAW CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SELA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. STONESTRAW
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TAWFIKIYA PLASTIC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE PAPER STRAW
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. IKEA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.R and M Plastic Products
2.Aardvark Straws
3.ACE, Absolute Custom Extrusions, Inc.
4.B and B Straw Pack
5.NIPPON STRAW Co., Ltd.
6.SELA
7.StoneStraw
8.Tawfikiya Plastic
9.The Paper Straw
10.IKEA
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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