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The Global Eco-friendly Straw Market size was estimated at USD 266.95 Million in 2020 and expected to reach USD 298.74 Million in 2021, at a Compound Annual Growth Rate (CAGR) 12.24% to reach USD 533.96 Million by 2026.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Eco-friendly Straw Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Eco-friendly Straw Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Eco-friendly Straw Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Eco-friendly Straw Market?

4. What is the competitive strategic window for opportunities in the Global Eco-friendly Straw Market?

5. What are the technology trends and regulatory frameworks in the Global Eco-friendly Straw Market?

6. What is the market share of the leading vendors in the Global Eco-friendly Straw Market?

7. What modes and strategic moves are considered suitable for entering the Global Eco-friendly Straw Market?

Market Dynamics

Drivers

• Rising government efforts to reduce the plastic waste
• Increasing preferences for eco-friendly straws restaurants & hotel

Restraints

• Possibilities of mold or fungus generation in organic material straw

Opportunities

• Expanding food and beverage industry
• Global sustainable approach in hospitality industry

Challenges

• Steel straws burning and freezing easily, and when heated the toxic metal combined with steel can enter in the drink
• Durability issues with glass straws

Companies Mentioned

• Absolute Custom Extrusions
• Biopac Ltd.
• Eco Imprints, Inc.
• EVOQ Sp. z o.o.
• Gumi Bamboo
• H.B. Fuller Company
• Hello Straw
• Hoffmaster Group Inc.
• Huhtamaki Oyj.
• JOVAMA
• Pactiv LLC
• Papearth
• SAS OSTONE
• Schott AG
• Stroodles
• Sulapac Oy
• Tetra Pak International S.A.
• The Blue Straw
• The Paper Straw Co,
• TIPI STRAWS
• Vegware Ltd.
• Wilbistraw