Disposable straws are becoming popular globally. They are bio-degradable in nature and get easily mixed with soil Thus, these type of straws protect the environment. Furthermore, they help protect the enamel of human teeth.
Millions of plastic straws and other kinds of straws are used worldwide every day. Replacing them with disposable straws can help in reducing the amount of plastic in the environment dramatically.
Disposable Straw Market: Competitive Landscape
The concept of disposable straws is quite new in the industry owing to harmful impacts of plastics in marine life. The market for disposable straw is slightly concentrated with the presence of few global players coupled with many regional startups. These players are concentrated in the North American and European regions.
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Disposable Straw Market: Dynamics
Disposable straw market to expand owing to environmental concerns associated with plastic straws
Market for disposable straws is anticipated to increase rapidly owing to the rise in concerns about the harmful impact of plastic straws on the environment. As most of the plastic straws are non-biodegradable, they do not disintegrate. This affects the marine life to a great extent. According to the United Nations, each year more than 8 million tons of plastic waste are dumped in the oceans. Major rivers around the world carry 2 to 3 million tons of plastics into the sea every year. Thus increasing environmental concerns owing to harmful impacts of plastic straws is anticipated to boost the demand for disposable straws.
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Growth in food service industry drives the demand for disposables
Food service industry is a significant consumer of disposable paper plates and straws. With increase in number of food outlets, the disposable straw market is anticipated to expand during the forecast period. Paradigm shift in consumption patterns of food and services has led many fast food companies and online food delivery services to proliferate. Many prominent players in the industry have opted for removal of plastic straws due to the increase in awareness about banning plastic from the food industry. They have replaced plastic straws with disposable straws. For example, food giants in the U.K. such as McDonalds, All Bar One, Marriott International, London City Airport as well as Coffee Chains and supermarkets have replaced plastic straws with eco-friendly straws.
High cost of disposables restrains disposable straw market
Most of the disposable straws are expensive in nature. This is due to the cost associated with its manufacturing. Affordability of the straw becomes a great concern for many small and medium sized enterprises which is likely to restrain the disposable straw market.
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