The Disposable Straw Market size was USD 19.5 billion in 2023 and is expected to Reach USD 28.59 billion by 2031 and grow at a CAGR of 4.9% over the forecast period of 2024-2031.
A notable trend observed in the Disposable Straw market is the growing preference for environmentally sustainable and eco-friendly products. Additionally, there is a noticeable increase in the integration of technology to enhance both the quality and efficiency of these products. Projections indicate substantial growth in the sustainable straw market, fueled by increased consumer awareness. The changing preferences of consumers, along with heightened regulations and corporate efforts to minimize plastic waste, are compelling industry participants to adjust accordingly.
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Governments and organizations globally are enacting regulations and initiatives aimed at minimizing the consumption of disposable plastic items like straws. Numerous nations have already implemented bans or limitations on plastic straw usage, resulting in a decrease in demand for this particular product. In 2019, the European Union enacted a directive prohibiting several single-use plastic items, such as plastic straws, while promoting the adoption of more sustainable alternatives.
KEY DRIVERS:
Consumers are increasingly prioritizing sustainability in their purchasing decisions, seeking out products that align with their values and support environmentally friendly practices.
A growing emphasis on sustainability is significantly influencing consumer choices, including the types of straws they prefer. Consumers are increasingly seeking products that minimize their environmental impact, extending this focus to their straw selection. This trend presents a compelling opportunity for manufacturers and suppliers. They are actively developing and marketing eco-conscious straw options to cater to this rising demand for sustainable alternatives.
Global information dissemination and advocacy campaigns are vital for educating and engaging individuals worldwide on diverse topics.
RESTRAIN:
Resistance to change presents a significant hurdle for both consumers and businesses when transitioning from conventional plastic straws to sustainable alternatives.
Cost disparity can hinder the widespread adoption of sustainable options, posing a challenge to efforts aimed at reducing plastic waste and promoting environmental sustainability.
OPPORTUNITY:
Expansion into emerging markets presents significant growth opportunities for the global Disposable Straw Market.
As economies in these regions continue to develop, disposable incomes are on the rise, and consumer preferences are shifting towards sustainable products. Companies can capitalize on this trend by venturing into these untapped markets, strategically expanding their presence and product offerings. By doing so, businesses have the opportunity to establish themselves early in these developing economies, potentially securing a competitive advantage and fostering long-term growth.
Material development innovation in the global straw market offers promising avenues for advancement.
CHALLENGES:
Maintaining consistent quality and durability in eco-friendly straw alternatives is critical.
Improper disposal or lack of recycling can have detrimental effects on the environment.
Political and economic instability, stemming from the ongoing conflict, has led to a decrease in consumer purchasing power within the region. This could result in fluctuations in demand for disposable straws as consumers adjust their spending habits in response to uncertain economic conditions. It's worth highlighting that Disposable Straws are deemed essential items, and with the situation becoming more stable, there's an anticipated resurgence in demand for these products. In such a context, prominent manufacturers with varied customer demographics, adaptable production capabilities, and robust financial resources are positioned to reap the most benefits, as they can effectively navigate through extended periods of unpredictability.
As economic activity decelerates, there's a likelihood of significant consequences on both the pricing and accessibility of products. With decreased consumer spending power, businesses might be compelled to adjust their pricing strategies, potentially lowering prices to stimulate demand or increasing them to offset reduced revenue streams. Additionally, supply chain disruptions stemming from financial constraints could lead to shortages or delays in product availability. Consequently, consumers may face challenges in accessing certain goods or experience fluctuations in prices as businesses navigate the economic slowdown.
By Product
Paper Straw
Bamboo Straw
Hay Straw
Glass Straw
Others
The paper straw segment holds the dominant position in the product segment of the global disposable straw market with share 35.8%. Paper straws are primarily utilized in the foodservice industry, and their demand is fueled by the rising number of food outlets and eateries driven by population growth and urbanization. Crafted from premium paper, the gluten-free straws are versatile, suitable for various beverages, and boast a lifespan of approximately four hours.
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By Distribution
Online
Offline
Traditional retail outlets, restaurant suppliers, and wholesale distributors are expected to retain the largest portion of the disposable straw market share. This is attributed to their well-established distribution channels and bulk procurement methods prevalent in the foodservice sector, which is a significant consumer of disposable straws. Online sales of disposable straws, particularly eco-friendly options, are likely experiencing significant growth. Increasing consumer preference for eco-conscious products and the wider variety available online.
By Application
Hotels
Restaurants and Motels
Cafes
Bars and Lounges
Others
Restaurants and Motels are likely the largest application segment for disposable straws due to the high volume of beverage service in these establishments. Cafes are another major user of disposable straws, particularly for cold beverages like iced coffees or smoothies. Hotels likely use disposable straws to some extent, but their market share might be smaller.
By End Use
Foodservice
Institutional
Households
Food service sector is expected to maintain its dominant position in the market. With growing awareness of the adverse environmental impact of plastic straws, an increasing number of eateries are seeking out eco-friendly alternatives. Environmentally conscious customers often favor paper straws as a sustainable option.
The Asia-Pacific region holds a significant lead in the global straw market, primarily owing to the substantial presence of straw manufacturers experiencing significant revenue generation. Moreover, the increasing consumer inclination towards eco-friendly and health-conscious straw options is expected to further propel the growth of the global straw market. For instance, the supply chain of paper straws in the Asia-Pacific region could face influences from the accessibility and sourcing of sustainable raw materials. Additionally, regional logistics and production capacity play a role in determining the distribution of paper straws.
Europe is projected to experience the most rapid expansion in the global straw market, driven by the flourishing functional beverage sector and rapid advancement in E-commerce. Additionally, the growth of the foodservice industry and increasing sales of energy drinks are expected to contribute significantly to the expansion of the straw market in the region. The country-specific segment of the report also offers insights into distinct market influencers and regulatory shifts within domestic markets, affecting both present conditions and future trends in the market.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Major players in Disposable Straw Market are Soton Daily Necessities Co. Ltd., Charta Global, BYGREEN, Hoffmaster Group Inc., Royal Paper Industries, Transcend Packaging, Footprint, Huhtamaki Oyj, Canada Brown Eco Products Ltd, Y. W., and others.
Soton Daily Necessities Co. Ltd- Company Financial Analysis
On November 17, 2021, SIG introduced three fresh additions to its lineup of paper drinking straws, aimed at aiding beverage manufacturers in reducing their reliance on single-use plastic. Among these innovations are distinctive telescopic straws, boasting a 4.6mm diameter and a flexible length ranging from 102mm to 165mm when extended. These biodegradable straws are fully recyclable and are particularly compatible with compact carton packaging.
On November 16, 2021, SIG expanded its range of paper straws, offering beverage manufacturers additional choices for a straightforward and eco-friendly alternative to single-use plastic straws.
| Report Attributes | Details |
| Market Size in 2023 | US$ 19.5 Billion |
| Market Size by 2031 | US$ 28.59 Billion |
| CAGR | CAGR of 4.9% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Paper Straw, Bamboo Straw, Hay Straw, Glass Straw, Others) • By Distribution (Online, Offline) • By Application (Hotels, Restaurants And Motels, Cafes, Bars And Lounges, Others) • By End Use (Foodservice, Institutional, Households) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Soton Daily Necessities Co. Ltd., Charta Global, BYGREEN, Hoffmaster Group Inc., Royal Paper Industries, Transcend Packaging, Footprint, Huhtamaki Oyj, Canada Brown Eco Products Ltd, Y. W. |
| Key Drivers | • Consumers are increasingly prioritizing sustainability in their purchasing decisions, seeking out products that align with their values and support environmentally friendly practices. • Global information dissemination and advocacy campaigns are vital for educating and engaging individuals worldwide on diverse topics. |
| Market Opportunities | • Expansion into emerging markets presents significant growth opportunities for the global Disposable Straw Market. • Material development innovation in the global straw market offers promising avenues for advancement. |
Ans: The Disposable Straw Market is expected to grow at a CAGR of 4.9%.
Ans: Disposable Straw Market size was USD 19.5 billion in 2023 and is expected to Reach USD 28.59 billion by 2031.
Ans: Consumers are increasingly prioritizing sustainability in their purchasing decisions are a key driver of growth in the Disposable Straw Market.
Ans: Resistance to change presents a significant hurdle for both consumers and businesses can limit growth.
Ans: The Asia-Pacific region dominating the Disposable Straw Market by 42.8%.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Disposable Straw Market Segmentation, By Product
9.1 Introduction
9.2 Trend Analysis
9.3 Paper Straw
9.4 Bamboo Straw
9.5 Hay Straw
9.6 Glass Straw
9.7 Others
10. Disposable Straw Market Segmentation, By Distribution
10.1 Introduction
10.2 Trend Analysis
10.3 Online
10.4 Offline
11. Disposable Straw Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Hotels
11.4 Restaurants and Motels
11.5 Cafes
11.6 Bars and Lounges
11.7 Others
12. Disposable Straw Market Segmentation, By End Use
12.1 Introduction
12.2 Trend Analysis
12.3 Foodservice
12.4 Institutional
12.5 Households
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Disposable Straw Market by Country
13.2.3 North America Disposable Straw Market By Product
13.2.4 North America Disposable Straw Market By Distribution
13.2.5 North America Disposable Straw Market By Application
13.2.6 North America Disposable Straw Market By End Use
13.2.7 USA
13.2.7.1 USA Disposable Straw Market By Product
13.2.7.2 USA Disposable Straw Market By Distribution
13.2.7.3 USA Disposable Straw Market By Application
13.2.7.3 USA Disposable Straw Market By End Use
13.2.8 Canada
13.2.8.1 Canada Disposable Straw Market By Product
13.2.8.2 Canada Disposable Straw Market By Distribution
13.2.8.3 Canada Disposable Straw Market By Application
13.2.8.3 Canada Disposable Straw Market By End Use
13.2.9 Mexico
13.2.9.1 Mexico Disposable Straw Market By Product
13.2.9.2 Mexico Disposable Straw Market By Distribution
13.2.9.3 Mexico Disposable Straw Market By Application
13.2.9.3 Mexico Disposable Straw Market By End Use
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Disposable Straw Market by Country
13.3.2.2 Eastern Europe Disposable Straw Market By Product
13.3.2.3 Eastern Europe Disposable Straw Market By Distribution
13.3.2.4 Eastern Europe Disposable Straw Market By Application
13.3.2.5 Eastern Europe Disposable Straw Market By End Use
13.3.2.6 Poland
13.3.2.6.1 Poland Disposable Straw Market By Product
13.3.2.6.2 Poland Disposable Straw Market By Distribution
13.3.2.6.3 Poland Disposable Straw Market By Application
13.3.2.6.3 Poland Disposable Straw Market By End Use
13.3.2.7 Romania
13.3.2.7.1 Romania Disposable Straw Market By Product
13.3.2.7.2 Romania Disposable Straw Market By Distribution
13.3.2.7.4 Romania Disposable Straw Market By Application
13.3.2.7.4 Romania Disposable Straw Market By End Use
13.3.2.8 Hungary
13.3.2.8.1 Hungary Disposable Straw Market By Product
13.3.2.8.2 Hungary Disposable Straw Market By Distribution
13.3.2.8.3 Hungary Disposable Straw Market By Application
13.3.2.8.3 Hungary Disposable Straw Market By End Use
13.3.2.9 Turkey
13.3.2.9.1 Turkey Disposable Straw Market By Product
13.3.2.9.2 Turkey Disposable Straw Market By Distribution
13.3.2.9.3 Turkey Disposable Straw Market By Application
13.3.2.9.3 Turkey Disposable Straw Market By End Use
13.3.2.10 Rest of Eastern Europe
13.3.2.10.1 Rest of Eastern Europe Disposable Straw Market By Product
13.3.2.10.2 Rest of Eastern Europe Disposable Straw Market By Distribution
13.3.2.10.3 Rest of Eastern Europe Disposable Straw Market By Application
13.3.2.10.3 Rest of Eastern Europe Disposable Straw Market By End Use
13.3.3 Western Europe
13.3.3.1 Western Europe Disposable Straw Market by Country
13.3.3.2 Western Europe Disposable Straw Market By Product
13.3.3.3 Western Europe Disposable Straw Market By Distribution
13.3.3.4 Western Europe Disposable Straw Market By Application
13.3.3.5 Western Europe Disposable Straw Market By End Use
13.3.3.6 Germany
13.3.3.6.1 Germany Disposable Straw Market By Product
13.3.3.6.2 Germany Disposable Straw Market By Distribution
13.3.3.6.3 Germany Disposable Straw Market By Application
13.3.3.6.3 Germany Disposable Straw Market By End Use
13.3.3.7 France
13.3.3.7.1 France Disposable Straw Market By Product
13.3.3.7.2 France Disposable Straw Market By Distribution
13.3.3.7.3 France Disposable Straw Market By Application
13.3.3.7.3 France Disposable Straw Market By End Use
13.3.3.8 UK
13.3.3.8.1 UK Disposable Straw Market By Product
13.3.3.8.2 UK Disposable Straw Market By Distribution
13.3.3.8.3 UK Disposable Straw Market By Application
13.3.3.8.3 UK Disposable Straw Market By End Use
13.3.3.9 Italy
13.3.3.9.1 Italy Disposable Straw Market By Product
13.3.3.9.2 Italy Disposable Straw Market By Distribution
13.3.3.9.3 Italy Disposable Straw Market By Application
13.3.3.9.3 Italy Disposable Straw Market By End Use
13.3.3.10 Spain
13.3.3.10.1 Spain Disposable Straw Market By Product
13.3.3.10.2 Spain Disposable Straw Market By Distribution
13.3.3.10.3 Spain Disposable Straw Market By Application
13.3.3.10.3 Spain Disposable Straw Market By End Use
13.3.3.11 Netherlands
13.3.3.11.1 Netherlands Disposable Straw Market By Product
13.3.3.11.2 Netherlands Disposable Straw Market By Distribution
13.3.3.11.3 Netherlands Disposable Straw Market By Application
13.3.3.11.3 Netherlands Disposable Straw Market By End Use
13.3.3.12 Switzerland
13.3.3.12.1 Switzerland Disposable Straw Market By Product
13.3.3.12.2 Switzerland Disposable Straw Market By Distribution
13.3.3.12.3 Switzerland Disposable Straw Market By Application
13.3.3.12.3 Switzerland Disposable Straw Market By End Use
13.3.3.13 Austria
13.3.3.13.1 Austria Disposable Straw Market By Product
13.3.3.13.2 Austria Disposable Straw Market By Distribution
13.3.3.13.3 Austria Disposable Straw Market By Application
13.3.3.13.3 Austria Disposable Straw Market By End Use
13.3.3.14 Rest of Western Europe
13.3.3.14.1 Rest of Western Europe Disposable Straw Market By Product
13.3.3.14.2 Rest of Western Europe Disposable Straw Market By Distribution
13.3.3.14.3 Rest of Western Europe Disposable Straw Market By Application
13.3.3.14.3 Rest of Western Europe Disposable Straw Market By End Use
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Disposable Straw Market by Country
13.4.3 Asia-Pacific Disposable Straw Market By Product
13.4.4 Asia-Pacific Disposable Straw Market By Distribution
13.4.5 Asia-Pacific Disposable Straw Market By Application
13.4.6 Asia-Pacific Disposable Straw Market By End Use
13.4.7 China
13.4.7.1 China Disposable Straw Market By Product
13.4.7.2 China Disposable Straw Market By Distribution
13.4.7.3 China Disposable Straw Market By Application
13.4.7.3 China Disposable Straw Market By End Use
13.4.8 India
13.4.8.1 India Disposable Straw Market By Product
13.4.8.2 India Disposable Straw Market By Distribution
13.4.8.3 India Disposable Straw Market By Application
13.4.8.3 India Disposable Straw Market By End Use
13.4.9 Japan
13.4.9.1 Japan Disposable Straw Market By Product
13.4.9.2 Japan Disposable Straw Market By Distribution
13.4.9.3 Japan Disposable Straw Market By Application
13.4.9.3 Japan Disposable Straw Market By End Use
13.4.10 South Korea
13.4.10.1 South Korea Disposable Straw Market By Product
13.4.10.2 South Korea Disposable Straw Market By Distribution
13.4.10.3 South Korea Disposable Straw Market By Application
13.4.10.3 South Korea Disposable Straw Market By End Use
13.4.11 Vietnam
13.4.11.1 Vietnam Disposable Straw Market By Product
13.4.11.2 Vietnam Disposable Straw Market By Distribution
13.4.11.3 Vietnam Disposable Straw Market By Application
13.4.11.3 Vietnam Disposable Straw Market By End Use
13.4.12 Singapore
13.4.12.1 Singapore Disposable Straw Market By Product
13.4.12.2 Singapore Disposable Straw Market By Distribution
13.4.12.3 Singapore Disposable Straw Market By Application
13.4.12.3 Singapore Disposable Straw Market By End Use
13.4.13 Australia
13.4.13.1 Australia Disposable Straw Market By Product
13.4.13.2 Australia Disposable Straw Market By Distribution
13.4.13.3 Australia Disposable Straw Market By Application
13.4.13.3 Australia Disposable Straw Market By End Use
13.4.14 Rest of Asia-Pacific
13.4.14.1 Rest of Asia-Pacific Disposable Straw Market By Product
13.4.14.2 Rest of Asia-Pacific Disposable Straw Market By Distribution
13.4.14.3 Rest of Asia-Pacific Disposable Straw Market By Application
13.4.14.3 Rest of Asia-Pacific Disposable Straw Market By End Use
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Disposable Straw Market by Country
13.5.2.2 Middle East Disposable Straw Market By Product
13.5.2.3 Middle East Disposable Straw Market By Distribution
13.5.2.4 Middle East Disposable Straw Market By Application
13.5.2.5 Middle East Disposable Straw Market By End Use
13.5.2.6 UAE
13.5.2.6.1 UAE Disposable Straw Market By Product
13.5.2.6.2 UAE Disposable Straw Market By Distribution
13.5.2.6.3 UAE Disposable Straw Market By Application
13.5.2.6.3 UAE Disposable Straw Market By End Use
13.5.2.7 Egypt
13.5.2.7.1 Egypt Disposable Straw Market By Product
13.5.2.7.2 Egypt Disposable Straw Market By Distribution
13.5.2.7.3 Egypt Disposable Straw Market By Application
13.5.2.7.3 Egypt Disposable Straw Market By End Use
13.5.2.8 Saudi Arabia
13.5.2.8.1 Saudi Arabia Disposable Straw Market By Product
13.5.2.8.2 Saudi Arabia Disposable Straw Market By Distribution
13.5.2.8.3 Saudi Arabia Disposable Straw Market By Application
13.5.2.8.3 Saudi Arabia Disposable Straw Market By End Use
13.5.2.9 Qatar
13.5.2.9.1 Qatar Disposable Straw Market By Product
13.5.2.9.2 Qatar Disposable Straw Market By Distribution
13.5.2.9.3 Qatar Disposable Straw Market By Application
13.5.2.9.3 Qatar Disposable Straw Market By End Use
13.5.2.10 Rest of Middle East
13.5.2.10.1 Rest of Middle East Disposable Straw Market By Product
13.5.2.10.2 Rest of Middle East Disposable Straw Market By Distribution
13.5.2.10.3 Rest of Middle East Disposable Straw Market By Application
13.5.2.10.3 Rest of Middle East Disposable Straw Market By End Use
13.5.3 Africa
13.5.3.1 Africa Disposable Straw Market by Country
13.5.3.2 Africa Disposable Straw Market By Product
13.5.3.3 Africa Disposable Straw Market By Distribution
13.5.3.4 Africa Disposable Straw Market By Application
13.5.3.5 Africa Disposable Straw Market By End Use
13.5.3.6 Nigeria
13.5.3.6.1 Nigeria Disposable Straw Market By Product
13.5.3.6.2 Nigeria Disposable Straw Market By Distribution
13.5.3.6.3 Nigeria Disposable Straw Market By Application
13.5.3.6.3 Nigeria Disposable Straw Market By End Use
13.5.3.7 South Africa
13.5.3.7.1 South Africa Disposable Straw Market By Product
13.5.3.7.2 South Africa Disposable Straw Market By Distribution
13.5.3.7.3 South Africa Disposable Straw Market By Application
13.5.3.7.3 South Africa Disposable Straw Market By End Use
13.5.3.8 Rest of Africa
13.5.3.8.1 Rest of Africa Disposable Straw Market By Product
13.5.3.8.2 Rest of Africa Disposable Straw Market By Distribution
13.5.3.8.3 Rest of Africa Disposable Straw Market By Application
13.5.3.8.3 Rest of Africa Disposable Straw Market By End Use
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Disposable Straw Market by country
13.6.3 Latin America Disposable Straw Market By Product
13.6.4 Latin America Disposable Straw Market By Distribution
13.6.5 Latin America Disposable Straw Market By Application
13.6.6 Latin America Disposable Straw Market By End Use
13.6.7 Brazil
13.6.7.1 Brazil Disposable Straw Market By Product
13.6.7.2 Brazil Disposable Straw Market By Distribution
13.6.7.3 Brazil Disposable Straw Market By Application
13.6.7.3 Brazil Disposable Straw Market By End Use
13.6.8 Argentina
13.6.8.1 Argentina Disposable Straw Market By Product
13.6.8.2 Argentina Disposable Straw Market By Distribution
13.6.8.3 Argentina Disposable Straw Market By Application
13.6.8.3 Argentina Disposable Straw Market By End Use
13.6.9 Colombia
13.6.9.1 Colombia Disposable Straw Market By Product
13.6.9.2 Colombia Disposable Straw Market By Distribution
13.6.9.3 Colombia Disposable Straw Market By Application
13.6.9.3 Colombia Disposable Straw Market By End Use
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Disposable Straw Market By Product
13.6.10.2 Rest of Latin America Disposable Straw Market By Distribution
13.6.10.3 Rest of Latin America Disposable Straw Market By Application
13.6.10.3 Rest of Latin America Disposable Straw Market By End Use
14. Company Profiles
14.1 Soton Daily Necessities Co. Ltd.
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Charta Global
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 BYGREEN
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Hoffmaster Group Inc.
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Royal Paper Industries
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Transcend Packaging
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Footprint
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Huhtamaki Oyj
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Canada Brown Eco Products Ltd
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Y. W.
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Food Service Packaging Market was valued at USD 123.29 billion in 2023 and to reach USD 178.10 billion by 2032, growing CAGR of 4.70% by 2032.
The Refrigeration Packaging Market Size was USD 9.75 Billion in 2023 and is expected to reach USD 15.7 Bn by 2032 and grow at a CAGR of 5.46% by 2024-2032.
The Cassava Bags Market Size was valued at USD 67 million in 2023 and is projected to reach USD 130.62 million by 2032 and grow at a CAGR of 7.7% over the forecast periods 2024 -2032.
The Modified Atmosphere Packaging market size was USD 16.5 billion in 2023 and is expected to Reach USD 23.73 billion by 2031 and grow at a CAGR of 4.5% over the forecast period of 2024-2031.
The Cup Sleeves Market Size was valued at USD 32.5 billion in 2023 and is projected to reach USD 46.65 billion by 2032 and grow at a CAGR of 4.1% over the forecast periods 2024 -2032.
The Counter Bags Market was Valued at USD 1,426.30 Million in 2023 and is now anticipated to grow to USD 2062.50 Million by 2032, displaying a compound annual growth rate (CAGR) 4.14% of during the forecast Period 2024 - 2032.
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