The global bamboo straws market is anticipated to reach a valuation of US$ 4.3 million in 2022 and continue to grow at a CAGR of 5.3% to reach US$ 7.3 million by the year 2032, according to research from Future Market Insights. The top 5 companies are estimated to control between 20 and 25 percent of the industry by the end of 2022, which is expected to boost sales of bamboo straws.
According to the sales channel, the e-retail sector is anticipated to generate potential opportunities for the global bamboo straws market as a result of rising consumer online purchasing. During the forecast period, the e-retail segment is expected to increase at a 1.5x rate of the current market value.
Download Your Sample Copy of This Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6936
Future Market Insights’ research indicates that in 2021, the bamboo straws market will generate US$ 4.1 million in sales. The global bamboo straws market is anticipated to grow at a CAGR of 5.3% over the projected period to reach US$ 7.3 Mn by 2032 as a result of the increase in demand for biodegradable packaging in the food service industries.
The market for bamboo straws is anticipated to have a profitable growth outlook throughout the anticipated timeframe. According to a recent FMI estimate, sales of bamboo straws would increase between 2022 and 2032, creating a lucrative incremental growth opportunity of US$ 3.1 million.
A recent study by ESOMAR-certified consulting firm Future Market Insights projects a positive outlook for the Bamboo Straws market over the forecast period. The report gives a detailed outlook about the ongoing changes and advancements that are expected to augment growth in the Bamboo Straws market. With a unique approach and extensive data analysis, FMI presents a detailed perspective on the market, key growth drivers, threats and challenges that market players are likely to face during the forecast period.
According to the study, the Bamboo Straws market is expected Technological advancements in the packaging industry across various verticals will enable growth in the market. Increasing investment in research and development activities and adoption of information technology within the industry will create growth opportunities. FMI’s latest report gives significant details about the current and upcoming market scenario for an optimized assessment of the market.
COVID-19 Impact Analysis on Bamboo Straws Market
Following the outbreak of COVID-19, the packaging industry is expected to witness moderate growth after a steep fall. Soaring development in various sectors of packaging including the increased R&D activities from the prominent players has led the Bamboo Straws market in a positive direction. Manufacturers are more focused on sustainability as a key strategy to maintain their position in the industry during a time of crisis.
FMI provides extensive information on growth strategies that will aid the players to tackle the impact of pandemics on the global Bamboo Straws market. This detailed chapter will give the market players information on the market scenario following the outbreak of COVID-19 and its impact on the industry across major regions. With various infographics and detailed data sets, the market players are provided with market intelligence solutions that are accurate, transparent and reliable for the upcoming decade.
Important Questions Answered in the Bamboo Straws Market Report
- Which are the top companies operating in the Bamboo Straws market?
- What will be the future outlook of the Bamboo Straws market in the upcoming decade?
- What are the key growth drivers and restraints likely to affect the Bamboo Straws market in the future?
- Which region is expected to be the most lucrative region for the Bamboo Straws market?
- What are the ongoing trends likely to augment the growth of the global Bamboo Straws market?
Why Choose Future Market Insights
- Serving domestic and international clients 24/7
- Strives to deliver optimized and accurate results
- Data collected from reliable primary and secondary sources
- Highly trained and experienced team of research analysts
- Deliver market reports with precision and diligence
Get In Touch With Our Team For 30% Flat Discount
Bamboo Straws Market: Segmentation
In-depth analysis on FMI’s Bamboo Straws market report has been further classified into key segments and sub-segments.
The bamboo straws market has been segmented on the basis of length, application and end-use.
On the basis of length, the global bamboo straws market has been segmented as:
- Up to 9 cm
- 15 cm
- 20 cm
On the basis of application, the global bamboo straws market has been segmented as:
- Beverages
- Juices and Drinks
- Others
On the basis of end-use industry, the global bamboo straws market has been segmented as:
- Restaurants
- Hotels
- Bars & Cafes
- Others
Bamboo Straws Market: Competitive Analysis
The latest report on the Bamboo Straws market by FMI gives an unbiased analysis of the top 10 leading companies operating in the Bamboo Straws market. It provides detailed segmentation of the market players’ product launches, strategic mergers and acquisitions and revenue prospects that will aid the players to gain a competitive edge in the industry.
Key players profiled by FMI in Bamboo Straws market includes:
- Straw Free
- Buluh Straws
- Anji Wuyuan Bamboo Products Factory
- Bamboo Straws Worldwide
- Zone Bamboo Straws
- Simply Straws
- Kimberley-Clarke Corporation
- Bambu
Request For Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-6936
Significant Contributions to the Report
- Key Trends and Opportunities: Comprehensive analysis on the industries ongoing trends and opportunities for market players in different regions across the globe
- Recent Challenges and Forecasts: Detailed assessment on the challenges, technological advancements, and forecast for upcoming decade.
- Segmental Analysis: Extensive research on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
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]
Browse latest Market Reports: https://www.futuremarketinsights.com/reports