The global household aluminum foils market size is expected to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% over the forecast period. Rising demand for home cooked packed food at workplace among young working class population is expected to have a positive impact. Furthermore, rising awareness regarding the hazardous chemical effects associated with the plastic packaged product is expected to promote the use of aluminum foils as packaging alternatives. Consumer prefers to use non sticky foil for lining pans and freezer storage. It is also an ideal option for oven use due to its ability to preserve the flavor of foods as well as save the cleanup time.
The unprinted product segment was the largest category, generating a revenue of USD 938.7 million in 2018. The product is preferred over other packaging material due to its flexibility. Furthermore, increasing consumer awareness regarding plastic free products is driving the consumers to choose cost effective food packaging alternatives for daily use.
The supermarkets and hypermarkets category emerged as the largest segment, accounting for over 50.0% share of the global revenue in 2018. The consumer prefers to purchase from supermarkets due to the availability of a wide range of products in the same selling window. It has been observed that majority of the consumers prefer this channel due to the availability of branded as well as local products.
Asia Pacific accounted for more than 30.0% share of the global revenue in 2018. Increasing consumer awareness regarding healthy home cooked food packaging in emerging economies including China and India is driving the demand of household aluminum foils. Furthermore, growing disposable income in emerging economies including China and India is driving the household aluminum foil market. China was the largest consumer in Asia Pacific, generating a revenue of USD 113.0 million in 2018.
Key industry participants include Alufoil Products Pvt. Ltd.; Carcano Antonio S.p.A.; Alcoa Corporation; Aluflexpack group; Cofresco S.r.l.; Flexifoil Packaging Pvt. Ltd.; Eurofoil; Amcor Limited; Reynolds Group Holdings; Aditya Birla Management Corporation Pvt. Ltd.; and All Foils, Inc. Companies are investing in new product development and on-brand promotional activities to increase their customer reach.
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Household Aluminum Foils Market Report Highlights
• By product, the printed segment is projected to ascend at a CAGR of 7.1% from 2019 to 2025
• The online segment is anticipated to expand at the fastest CAGR of 7.3% in the forecast period
• North America is anticipated to expand at a CAGR of 6.7% from 2019 to 2025.
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Household Aluminum Foils Market Segmentation
Grand View Research has segmented the global household aluminum foil market on the basis of product, distribution channel, and region:
Household Aluminum Foils Product Outlook (Revenue, USD Million, 2015 – 2025)
• Printed
• Unprinted
Household Aluminum Foils Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
• Supermarkets & Hypermarkets
• Convenience Stores
• Online
Household Aluminum Foils Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• South Africa
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Browse More Related Report:
Aluminum Foil Market Size, Share & Trends Analysis Report By End-use (Packaging, Industrial), By Application (Wrapper Foils, Blister Packs, Container Foils), By Region, And Segment Forecasts, 2021 – 2028
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Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.
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