Household Aluminum Foils Market Analysis Report By Product, By Distribution Channel And Segment Forecasts From 2019 To 2025

Report ID: MN17619631  |  Published: May 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global household aluminum foils market size was accounted for USD1.1 Billion in 2018. The market is expected to witness a CAGR of 6.3%, from 2019 to 2025. This growth can be attributed to the growing need for wrapping food items with aluminum foils. Also, features like longer shelf life, good temperature resistance, and light-weight-characteristics are some of the factors which are expected to fuel the market growth across the globe. Moreover, the increase in working population across developed and developing regions is anticipated to boost the need for packed foods thereby, increasing the demand for aluminum foils.

For the last few years, the demand for consumption of home-cooked food is increasing continuously. Also, the usage of foils for the preparation of baked food items like pie crust, cake and for softening of brown sugar is anticipated to boost its demand. This foil protects the food placed on a shelf or in the freezer. On removal of the foil, the food can be readily consumed, thereby reducing the effort required to reheat the food as the foil keeps helps in keeping food hot or cold for a longer period.

U.S. household aluminum foils marketSuch aluminum foils are also being used to clean the ashes across the fireplaces. These foils are being placed below the wood grate of the fireplace. Also, the increasing trend for barbeque grills has impacted positively the demand for aluminum foils. This can be attributed to its usage for preventing the dripping of meat on coal.

Also, consumers have started the usage of biodegradable material for food packaging purposes rather than using plastics products. Thus aluminum being biodegradable is gaining popularity across the globe. Moreover, various governmental organizations are also promoting the usage of such foils to reduce plastic waste. Thus, the market for aluminum foils is expected to grow at a healthy rate over the forecast period.

Product Insights

In 2018, the unprinted aluminum foils product segment held the largest market share of around 85% across the global market. This can be attributed to its features like low-cost prices and ease of usage. This foil acts as a hindrance in the path of moisture, bacteria’s and odors, thereby protecting the food.

The segment of printed aluminum foils is expected to register a CAGR of 7.1% during the forecasted years, 2019 to 2025. Many manufacturers have started selling these foils directly to households to create brand awareness. As these foils are available in a variety of sizes, they are becoming popular among consumers across the globe.

Distribution Channel Insights

In 2018, the supermarkets & hypermarkets segment of the distribution channel held the largest share of around 50% across the global household aluminum foil market. This can be attributed to the preference among the consumers to physically verify the products before making the purchase decision. Also, promotional activities initiated by the key players coupled with the presence of a large number of supermarkets & hypermarkets across the urban regions are expected to boost the demand for such foils.

Global household aluminum foils market

The online distribution channel is expected to witness the highest CAGR of 7.3% during the forecasted years, 2019 to 2025. This growth can be attributed to the rising influence of the internet among the millennial coupled with the emergence of e-commerce websites like Amazon and Alibaba. Moreover, other features like the availability of a wide range of products on a single platform, doorstep delivery, and hassle-free return policy are expected some of the other factors driving the segment.

Regional Insights

In 2018, the Asia Pacific region held the largest share of around 30% across the global household aluminum foil market. This can be attributed to the increasing working population, rising disposable income, and willingness to spend on such products to improve food hygiene. Also, the steps undertaking by the government to boost the consumption of such foils across developing countries like India and China are expected to boost the market growth in the upcoming years.  

North America is anticipated to witness a 6.7% CAGR during the forecasted years, 2019 to 2025. This can be attributed to the rising awareness about food and health hygiene among millennials. Also, the rising demand for home-cooked foods and barbeque food products is expected to boost the demand for aluminum foils across this region.

Household Aluminum Foils Market Share Insights

This market includes key players such as Carcano Antonio S.p.A.; Alufoil Products Pvt. Ltd.; Aluflexpack group; Alcoa Corporation;  Amcor Limited; Eurofoil; All Foils, Inc.; and Reynolds Group Holdings. They are constantly focusing on implementing marketing strategies, mergers, and acquisitions to boost the sales of their products. For example, Toyo Aluminum gained an acquisition of 33.4% in the SVAM Packaging Industries.

Report Scope

Attribute

Details

The base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, Japan, Brazil, and South Africa

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global household aluminum foils market report based on product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Printed
    • Unprinted

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Supermarkets & Hypermarkets
    • Convenience Stores
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East and Africa
        • South Africa

What questions do you have? Get quick response from our industry experts. Request More information
Key questions answered in the report include
key questions
We also offers customization on reports based on specific client requirement.
Request for Customization

Choose License Type

Research Assistance

Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

  1. Phone: +1-408-610-2300
  2. Toll Free: +1-866-831-4085
  3. Email: [email protected]
Connect With Expert
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service

Get a Free Sample

FREE sample contains market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...