Reusable Straws Market: Introduction
Reusable straws are eco-friendly straws, providing an alternative to disposable plastic drinking straws. There are numerous materials to choose from while making reusable straws such as food-grade silicone, 18/10 stainless steel, and reusable, BPA-free plastic being the most common. Also, reusable straws come in various styles such as straight, bent, or collapsible.
Key Drivers of the Reusable Straws Market
Reusable straws are safer and more convenient to use, and can be easily cleaned, curbing the levels of non-biodegradable waste generation, in comparison to its plastic counterpart. Hence, reusable straws are widely utilized across restaurants, hotels, cafes, schools, hospitals, and hospitality-related sectors. Surge in demand for reusable straws from households and commercial food joints to reduce pollution caused by use and throw straws made of plastic and paper is expected to drive the market growth in the coming years. Reusable straws are more attractive than plastic straws, as they are available in different materials such as stainless steel, bamboo, and glass. This is boosting the popularity of these straws in pubs, cafes, and restaurants. Moreover, cost-effectiveness of reusable straws is another factor driving their demand. Reusable straws are increasingly becoming popular due to their biodegradable nature, thus causing zero waste after multiple usage. People allergic to metals are shifting toward bamboo straws. This, in turn, is expected to fuel the market growth.
Improved features creating opportunities in the reusable straws market
According to a news item published in Economic Times in 2020, reusable straws help to reduce use of single-use plastic. Manufacturers are constantly innovating new features to stay ahead of competitors. Lately, reusable straws are made of stainless steel or silicone which gives a viable alternative to single use plastic straws. Reusable straws are providing more opportunities for the growth of the product in the market with increasing awareness of how damaging single-use plastics are for the environment.
Counterfeit products a restraint for the reusable straws market
One of the restraints of reusable straws are counterfeit products. Often it is seen that reusable straws are available at very cheap rates in local markets which are not of good quality. Such low quality counterfeit products affects the image of established brands. This is a restraint of the reusable straws market.
Asia Pacific the dominant market
Asia Pacific accounts for highest share in the reusable straws market in terms of revenue contribution as compared to markets in other regions due to increased adoption of reusable straws by various end-users such as restaurants, hotels, cafes, schools, hospitals, and hospitality-related sectors in the region. The market in Asia Pacific is expected to expand at a significant CAGR during the forecast period driven by increasing number of bars & restaurants. Rising awareness regarding reusable straws and their environment-friendly nature is expected to boost market growth. Moreover, the market in Europe is forecasted to expand significantly due to increasing initiatives for banning single-use plastic material in countries in this region.
Key players operating in the global market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level.
Some of the major companies identified in the reusable straws market are:
- Koffie Straw
- Greens Steel
- Jungle Straws
- Buluh Straws
- Lakeland Joie
- Simply Straws
- Straws Free
- Klean Kanteen
- Mulled Mind.
Reusable Straws Market: Research Scope
Reusable Straws Market, by Type
- Stainless steel
Reusable Straws Market, by Application
- Hotels & Restaurants
- Pubs & Bars
- Others (Juice Shops etc.)
Reusable Straws Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
The report on the reusable straws market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.