Press Release

Straw Market Worth USD 16.93 Billion in 2024, Forecasted to Hit USD 24.26 Billion by 2030

The Global Straw Market size was valued at USD 16.93 Billion in 2024 and is projected to reach USD 24.26 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.18% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The backdrop of global challenges such as climate change and plastic waste, have led to the disruption in the Global Straw market. These changing dynamics made the plastic straws lose their traction largely due to the rise in government regulations banning or restricting the selected single-use plastic products including plastic straws. Plastic straws substantially contribute to plastic waste and impact marine life, so it is estimated that single-use plastic straws represent about 4% of the plastic waste by piece.

Strict regulations forced the companies to look for alternative packaging materials that align with the theme of environmental friendliness and sustainable initiatives. When considering the replacement of plastic straws, end-user companies in the food service industry found paper straws as the best alternatives. Paper straws are closest in terms of functionality, cost, supply, size, color, and versatility offered when compared to plastic straws, plus they are biodegradable.

The growing food service industry is anticipated to drive the size & volume of the Global Straw Market because straws are widely consumed in food service establishments such as cafés, coffee shops, bars and clubs, and quick service restaurants. North America has the highest market share, however, the fastest growth will occur within the Asia-Pacific region. This is primarily because major players in the food service industry have identified the growth opportunities present in the region and therefore planned to open more stores in this region.  The presence of countries like India and China with their large economic base, massive populations, sizable middle class, and rising levels of disposable income supports this trend.  Such developments support the overall growth & expansion of the straw industry, further states the research report, “Global Straw Market Analysis, 2025.”

Straw Market Segmentation Analysis

Paper Straws Segment Seized the Largest Market Share

Based on the type, the market is further bifurcated into plastic straws, paper straws, metal straws, bamboo straws, silicone straws, and others (glass straws, PLA straws, etc.). The ban and restriction on single-use plastic products like plastic straws across different geographies such as Europe and India have pushed for the rapid adoption of paper straws. Paper straws quickly eat at the market share of plastic straws. Also, with the ban, paper straws were the closest alternative when considering costs, functionality, and supply that can replace plastic straws while aligning with the theme of eco-friendliness and complying with the regulations. As plastic straws lose traction in other remaining geographies leading to wider adoption of paper straws, highlights that paper straws will continue to dominate the segment over the foreseeable future.

North America Leads the Global Straw Industry

North America holds the largest of the Global Straw Market. This is mainly due to the region being the home of some of the industry-leading companies and brands, such as Starbucks, McDonald's, Tim Hortons, Dunkin, and many others. These companies operate a larger number of their stores in North America. Additionally, the region also has a high per capita income and a substantial population that drives the consumption in the food service industry of North America. This results in massive consumption of drinking straws in the region. Due to several positive aspects, North America is holding the top position in the global straw industry but during the forecast period, Asia-Pacific is anticipated to register the highest revenue growth.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Huhtamäki Oyj, Hoffmaster Group, Inc., Transcend Packaging, Canada Brown Eco Products Ltd, Alpha Charta d.o.o., Footprint, Tetra Pak Group, Nippon Paper Industries Co. Ltd., Stora Enso Oy, Bio Agave, Absolute Custom Extrusions Inc., Klean Kanteen, Simply Straws, Southeastern Liquid Analyzers Inc., Stone Straws Ltd., and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the regions?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?