Canada Straws Market is Anticipated to Reach US$ 113.7 Million by 2033 Driven by Growing Demand for Food Grade Packaging Solutions | Future Market Insights, Inc.

NEWARK, DE / ACCESSWIRE / June 14, 2023 / According to Future Market Insights (FMI), Canada straws market size is estimated to reach US$ 57.7 million in 2023. Over the projection period 2023 to 2033, sales of straws in Canada market are projected to surge at 7.0% CAGR. By 2033, Canadian market is anticipated to cross a valuation of US$ 113.7 million.

Canada straws market is witnessing rapid expansion due to the demand for food-grade packaging. Customers in Canada are looking for alternatives to conventional single-use plastic straws as they become more worried about the effects of plastic waste on the environment.

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The need for environmentally friendly and sustainable packaging choices is being fueled by Canadian government restrictions and measures to reduce plastic waste. The federal government, for instance, has declared a goal to outlaw single-use plastics by 2022, which includes products such as plastic straws.

As, straw also can be biodegradable, compostable, and safe for consumption, food-grade straws made of materials such as paper, wheat, bamboo, and even seaweed are gaining popularity. These straws offer a better user experience in addition to addressing environmental concerns.

The food & beverage industry, particularly the quick-service restaurant sector, is becoming aware of the desire from consumers for sustainable packaging solutions. Nowadays, various companies provide environmentally friendly straws as part of their sustainability initiatives.

The changing food consumption pattern among the young generations and working professionals due to the significant growth of quick-service restaurants, bars, hotels, and cafes will bolster the demand for straws through 2033.

Key Takeaways:

• The Canada straws market size is projected to reach US$ 113.7 million by 2033.
• Sales of straws in Canadian market are likely to rise at 7.0% CAGR from 2023 to 2033.
• By material type, the paper segment is expected to account for more than 90% of the market share in 2033.
• Based on straws length, the 9 cm to 15 cm segment is projected to account for more than 43% of the Canada straws market.
• By sales channel, the manufacturer's segment is projected to hold around 55% share of the market and create a total incremental opportunity of US$ 38.5 million by 2033.
• Based on end use, the food service segment is estimated to hold a prominent portion of the market.

"Rising consumer demand for sustainable and food-grade straws and government efforts to cut back on plastic waste is expected to boost the Canada straws market. To gain profits, companies would need to shift their focus towards producing eco-friendly products," - says a lead analyst at FMI.

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Canada's Growing Distribution Networks to Boost the Straws Market:

The Canadian straw market is anticipated to be driven by Canada's expanding distribution networks. It is crucial to have efficient and effective distribution channels in place to suit the needs of customers and companies as the demand for sustainable and food-grade straws rises.

It is anticipated that the creation of new distribution networks and the growth of current ones would make eco-friendly straws more widely available to Canadians, particularly those who live in rural and distant locations. This is essential to ensure that sustainable straws are accessible to more people, which can result in a rise in the use of these goods.

The expansion of distribution networks for sustainable straws is a result of the development of e-commerce platforms and online marketplaces. Eco-friendly straws may now be ordered online from a variety of merchants and delivered right to the customer's door.

Who is Winning?

A few of the key straw manufacturers in Canada include Pactiv LLC, Stone Straw, Green Circle, Canada, GSM Paper Straws, Enviro Glass Straw Ltd, Waterhorse Paper Straws, Canada Brown Eco Products Ltd, Aardvark Straws, Future Care Packaging Inc., Tembo Paper, and others. The Tier 3 players hold 60% to 70% of the Canada straws market.

These key companies are focusing on using eco-friendly materials such as paper and bamboo for producing straws. They are also using strategies such as mergers, partnerships, acquisitions, and collaborations to expand their footprint. For instance,

• In 2020, new paper straws and recycling packaging were launched by Lassonde in Canada.
  • Hypermarkets
  • Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Discount Stores

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Market Segmentation:

By Material Type:

• Single Use Plastic (SUP)
• Bioplastics
• Paper
• Metal
• Glass
• Bamboo
• Others

By Straw Length:

• <9 cm
• 9-15 cm
• 16-20 cm
• >20 cm

By Sales Channel:

• Manufacturers
• Distributors
• Retailers
• E-retail

By End Use:

• Foodservice
• Hotels & Restaurants
• Bars & Lounges
• Cafes & Fast-Food Outlets
• Cinemas
• Airline & Railway
• Educational
• Healthcare
• Corporate
• Institutional
• Households

Table of Content (ToC):

1. Executive Summary

1.1. Market Outlook

1.2. Market Analysis

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

5. Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2033

5.1. Historical Market Volume (Million Units) Analysis, 2017 to 2022

5.2. Current and Future Market Volume (Million Units) Projections, 2023 to 2033

5.3. Y-o-Y Growth Trend Analysis

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About the Packaging Division at Future Market Insights (FMI):

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

Explore Research-Related Reports of Packaging:    

Bamboo Straws Market Size: According to Future Market Insights research, during the projected period, the global bamboo straws market is set to enjoy a valuation of US$ 4.3 Million in 2022, and further expand at a CAGR of 5.3% to reach US$ 7.3 Million by the year 2032.

Metal Straws Market Share: The metal straw market is projected to register a CAGR of 6% during the forecast period, up from US$ 17 Billion in 2021 to reach a valuation of US$ 32.2 Billion by 2032.

Eco-Friendly Straws Market Trends: The eco-friendly straws market is anticipated to strengthen its boundaries at a steady CAGR of 7.5% during the forecast period. The market is expected to hold a share of US$ 10.71 billion in 2023 while it is anticipated to surpass US$ 22.07 billion by 2033.

Compostable Straws Market Analysis: The global compostable straws market is anticipated to accumulate a market value of US$ 1,670 million in 2023 and is expected to garner a valuation of US$ 3,250 million by exhibiting a CAGR of 6.8% in the forecast period 2023 to 2033.

Straw Market Outlook: The global straw market is expected to post a CAGR of 5.3% during the forecast period. The market is expected to be valued at US$ 19.2 billion in 2023. The estimation is projected to surpass US$ 32.2 billion by 2033.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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