Bamboo Straw Market Size, Share, Growth, And Industry Analysis By Type (Up to 9 cm, 15 cm, 20 cm) By Application (Beverages, Juices and Drinks, Others) and Regional Forecast By 2031

Updated On: 06 May 2024

Bamboo Straw Market Report Overview

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The global bamboo straw market size was 122.9 million in 2022. As per our research, the market is expected to reach USD 222.07 million by 2031, exhibiting a CAGR of 6.8% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with the Bamboo Straw Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Natural bamboo harvested from plants is used to make bamboo straws. Because the bamboo straws are flavorless and odorless, consumers may enjoy their beverages without worrying about off tastes. Bamboo straws may be used for a variety of things, including as cocktail straws, for hot beverages like tea or coffee, or for cold beverages like smoothies.

Consumer awareness of the health of the environment is encouraging the use of eco-friendly straws. Only the domestic sector has revealed a considerable need for environmentally friendly straws. Customers have learned that keeping up a clean personal hygiene routine will keep them healthy during the epidemic. Both the need for healthy food and beverage consumption and the necessity for ecologically friendly straws, plates, and spoons are increasing at the same time. As a result, during the past several months, there has been a surge in demand for eco-friendly goods. Many countries forbid the use of plastic straws because they are bad for the environment. As the use of plastic straws falls, the market for environmentally friendly straws is growing.

COVID-19 Impact: COVID-19 pandemic declining the market growth

The COVID-19 pandemic has a detrimental impact on the market for eco-friendly straws. Due to a shortage of supplies and disturbed distribution networks, the demand for environmentally friendly straws fell during these periods. Due to the lockdown, which limited customers to fine dining only and discouraged the usage of eco-friendly straws, the eateries were shuttered. To get through the lockdown time, consumers' attention has moved to necessities. Since there are other options for consumers to sip beverages without a straw, consumers did not utilize eco-friendly straws. Individuals' demands for eco-friendly straws were replaced by those for groceries and medicines.

Latest Trends

"Growing acceptance of internet shopping may fuel the market growth"

According to news articles in the Economic Times, bamboo straws assist reduce the use of single-use plastic straws. Recently, single-use plastic straws have been replaced by reusable stainless steel or silicone straws, however using bamboo straws is far more environmentally beneficial than other options. As people become more conscious of how bad single-use plastics are for the environment, bamboo straws are helping to provide chances for the industry to flourish. One-fifth of the total number of straws produced is contributed by the top bamboo straw producers. The straws are purchased by the business straight from the manufacturer. In the market for bamboo straws, direct purchase of straws is a common practice. Manufacturers give significant discounts on straw sales, enabling consumers to benefit from the transaction. The firm has partially moved from conventional to internet due to the growing pandemic. The manufacturing businesses are currently developing their own websites for sales or partnering with e-commerce behemoths to sell their products.

Bamboo Straw Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Up to 9 cm, 15 cm, 20 cm. Up to 9 cm is anticipated to be the dominating segment.

• By Application Analysis

Based on application, the market can be divided into Beverages, Juices and Drinks, Others. Beverages will be the leading segment.

Driving Factors

"Bamboo is imported to meet the rising demand for bamboo straws fuel the market growth"

Since a few years ago, bamboo straws have been produced for commercial use, although the scale of manufacturing has been far lower than that of plastic straws. The primary factors propelling the growth of the worldwide bamboo straws market are the increase in demand for reusable, eco-friendly goods and the global prohibition on single-use plastic items. Due to the low volume and handcrafted nature of bamboo straws, the present stage of the business is capacity growth. This phase also focuses on enhancing manufacturing efficiency, reducing costs, and boosting overall profitability margin.

"Increase in demand as a result of the reusability and best plastic substitute leading market expansion"

Because bamboo is a natural material, bamboo straws may be used again and look excellent in any beverage. Bamboo straw from manufacturers won't last as long as metal straw, but they are far less expensive and may be used for a variety of other purposes once they have served their purpose as a straw. Because bamboo straws are reusable, they may be used hundreds of times, making them far more affordable than the unattractive plastic substitutes that are only meant to be used once.

Single-use plastic straws are extremely wasteful and must be discarded after only a few uses. Millions of plastic straws wind up in landfills and contaminate our seas every year. In addition to taking hundreds of years to degrade, plastic items severely harm the environment and endanger marine life. Because they are sturdy and suitable for use by children, bamboo straws are an alternative to plastic ones. Since the bamboo straws have no taste or odor, the consumer may enjoy their beverages without worrying about unpleasant flavors. Being a natural product, bamboo raises consumer demand for bamboo straw, which is anticipated to accelerate market expansion.

Restraining Factors

"High cost may hinder the market growth"

Biodegradable bamboo straws are often produced utilizing bamboo as a foundation raw material. However, bamboo straws retail for a lot more money than other available alternatives, making their use in eateries and other places rather pricey. Furthermore, bamboo straw production is quite expensive, which presents a significant obstacle for companies who develop eco-friendly straws.

Bamboo Straw Market Regional Insights

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"Asia Pacific region will lead the during forecast period "

With a share of more than 30%, the Asia Pacific was the largest geographical market in 2017. Over the course of the prediction, the area is anticipated to maintain its supremacy. Rising product demand from nations like China, India, Japan, South Korea, and Taiwan is responsible for this expansion. These nations are among the biggest bamboo growers in the world. Over the next several years, customer knowledge of the health advantages of bamboo products will likely expand along with disposable income levels, fueling business growth.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Straw Free (India)
• Buluh Straws (U.K.)
• Bamboo Straws Worldwide (Singapore)
• Zone Bamboo Straws (Netherlands)
• Simply Straws (U.S.)
• Kimberley-Clarke Corporation (U.S.)
• Bambu (Singapore)
• Anji Wuyuan Bamboo Products Factory (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.