Drinking Straw Market
Drinking Straw Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Drinking Straw Market Size and Growth
The global drinking straw market is expected to reach a value of $4.3 billion by 2027, with a CAGR of 3.8% during the forecast period. Market growth is driven by increasing demand for sustainable and eco-friendly alternatives, as well as the rise in on-the-go consumption trends. The market is highly competitive, with key players focusing on product innovation and expansion strategies to maintain their market position.
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Companies Covered (Covid 19 Impact Covered)
◍ Matrix Pack
◍ R&M Plastic Products
◍ Aardvark
◍ Absolute Custom Extrusions
◍ B&B Straw Pack
◍ Nippon Straw
◍ Profile International
◍ Southeastern Liquid Analyzers
◍ Stone Straw
◍ Tawfikiya Plastic Manufacturing S.A.E
◍ The Paper Straw
The drinking straw market is highly competitive with key players like Matrix Pack, R&M Plastic Products, Aardvark, and more. These companies offer a variety of options such as paper straws, plastic straws, and custom extrusions, contributing to the growth of the market.
- Matrix Pack: $50 million
- R&M Plastic Products: $35 million
- Aardvark: $20 million
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Market Segmentation
By Application
◍ Individual
◍ Commercial
By Product
◍ Plastic Drinking Straw
◍ Paper Drinking Straw
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Market Growth
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$ 1.72 Billion
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