According to IMARC Group’s latest report, titled “Reusable Straw Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 1.8 Billion in 2021. A reusable straw refers to an eco-friendly straw variant that is produced as a viable alternative to single-use plastic straws. It is made up of recyclable materials, such as stainless steel, bamboo, silicone, etc. A reusable straw offers numerous benefits, including safety, portability, convenience, etc. It also aids in marine conservation and minimizes plastic waste. As a result, reusable straws are widely used across restaurants, hotels, cafes, schools, hospitals, etc.
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The rising environmental consciousness and the growing awareness towards the ecological risks of using plastic straws are primarily driving the reusable straw market. Moreover, the implementation of stringent regulations by government bodies to regulate the utilization of single-use plastics is further catalyzing the market growth. In line with this, several leading manufacturers are launching reusable straws made up of food-grade silicon, which is acting as another significant growth-inducing factor. Additionally, the elevating popularity of on-the-go food items and online food delivery services is also propelling the product demand. Apart from this, the emerging trend of vendors in the food and beverage (F&B) and fast-moving consumer goods (FMCG) sectors minimizing their carbon footprints by curbing plastic usage is expected to bolster the reusable straw market over the forecasted period. Looking forward, IMARC Group expects the global reusable straw market to reach US$ 2.8 Billion by 2027, exhibiting a CAGR of 7.7% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Eco-Products, Inc
- EcoStraws Ltd
- Crate and Barrel
- Eco Imprints
- Ever Eco
- Final Straw
- Greens Steel
- Jungle Straws/Jungle Culture (Chalk & Skinner Ltd)
- Klean Kanteen
- Koffie Straw
- Simply Straws
- Steelys Drinkware
- org
- TERRAIN
- U-KONSERVE
Market Segmentation:
Breakup by Type:
- Stainless Steel Straw
- Reusable Plastic Straw
- Bamboo Straw
- Glass Straw
- Others
Breakup by End-User:
- Residential
- HORECA
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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