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Bamboo Straws Market Growing at 5.0% CAGR by 2034

Posted on February 23, 2024February 28, 2024 By Future Market Insights

Bamboo straws are eco-friendly alternatives to traditional plastic straws, offering a sustainable solution to reduce plastic waste and environmental impact.

By 2034, the global Bamboo Straws Market is forecasted to reach a substantial value of US$ 7.7 billion, showcasing a steady compound annual growth rate (CAGR) of 5.0%. This significant growth trajectory highlights the increasing popularity and widespread adoption of bamboo straws as a sustainable alternative to traditional plastic straws. As of 2024, the market for bamboo straws is already valued at US$ 4.8 billion.

Consumers are increasingly aware of their choices and are selecting more sustainable options. The latest trend is the move towards non-plastic straws. Bamboo straws are manufactured from sustainable material bamboo thus leaving no negative impact on the environment.

Straws that are made from real whole bamboo stalks – nothing recompressed or processed are called bamboo straws. Bamboo straws are reusable, washable, durable, naturally antibacterial, aesthetically beautiful, and highly suitable for hot, as well as cold beverages.

Request Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-6936

Growth Factors

The surge in global plastic straw consumption over the past few years has sparked concerns about its detrimental effects on the environment. In response to the alarming levels of plastic waste and its adverse impact, both the European Union and governments worldwide have taken decisive action to curb the use of single-use plastic cutlery and related products.

In a landmark move, the European Union, along with other global governments, has implemented bans on single-use plastic items, including plastic straws, stirrers, bags, cups, and more. This regulatory shift has prompted manufacturers in North America and Europe to transition towards sustainable alternatives and reusable options for straws.

For instance, the English government has introduced regulations prohibiting the supply of drinks products with single-use plastic straws, while in Canada, federal authorities are poised to implement a ban on plastic straws by the end of 2022. Moreover, various cities across California, such as San Francisco, Long Beach, Manhattan, and Oakland, have enacted local bans on plastic straws, further driving the demand for eco-friendly alternatives.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-6936

Key Players

  • Dragonfly Bamboo Inc.
  • DevOcean LLC
  • Ola Bamboo
  • The Other Straw
  • The Humble Co.
  • Bamboo Straw Girl
  • Jungle Straws
  • Gumi Bamboo
  • Bamboo Mamboo Limited LDA
  • Oceans Republic Company Limited
  • Restraws
  • EURO STRAWS SE
  • Ha Thai bamboo lacquer production export Co., Ltd.
  • ECO BAMBOO
  • Bamboo Step

Bamboo Straws Market by Category

By Straw Length, Bamboo Straws Market is Segmented as:

  • <9 cm
  • 9 – 15 cm
  • 16 – 20 cm
  • >20 cm

By Sales Channel, Bamboo Straws Market is Segmented as:

  • Manufacturers
  • Distributors
  • Retailers
  • E-retail

By End-user, Bamboo Straws Market is Segmented as:

  • Food Service
  • Institutional
  • Household

By Region, Bamboo Straws Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
[email protected]
Website: https://www.futuremarketinsights.com
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