In 2018, the global household aluminum foil market was worth USD 1.1 million. Because of its light weight, durability, high temperature resistance, and recyclability, the product is primarily used to wrap foods. The demand for packed food has increased globally due to the growing working class. This has helped promote the use of aluminum foils.
The demand for home-cooked food at work has increased over the last few years. Other household uses include baking pie crusts, making cake pan shapes, softening brown sugar, polishing silver utensils, and creating cake pan shapes. Aluminum foil is lightweight and economical, making it easy to transport. Aluminum foil is a great packaging material to protect food in a fridge, freezer, or shelf. These foods can be used immediately after packaging.
The product is used in the cleaning of ashes from fireplaces in households with developed economies like North America and Europe. A double layer of aluminum foil is placed under or around the fireplace's bottom. The demand for household aluminum foil is increasing due to the growing popularity of barbeque grills as starters during dinner, lunches at family events and weekends. It can also be used to preserve meat drippings from barbecue coals or inverted baking pans as molds.
As plastics have been criticized for their harmful effects, consumers are increasingly inclined to use plastic-free products in the last few years. Aluminum foils can be biodegradable so many people prefer this product to plastic.
Plastic wraps pose health risks and are increasing in demand for household aluminum foils. This product is preferred by consumers for cooking and packing lunches. Aluminum foil is a popular packaging material in developing countries like China, India and Brazil.
In 2018, 85.0% of the market was for unprinted products. This product is preferred by large numbers of workers due to its low cost and ease-of-use. Opacity is an important property that prevents food products from becoming spoiled. The product acts as a barrier against gases, moisture, bacteria and odor. It can protect against radiant heat.
Print products will grow at 7.1% CAGR between 2019 and 2025, according to estimates. To promote their brands, companies sell printed aluminum foils to consumers. The product comes in a variety of sizes. The household aluminum foils market is expected to grow with the increasing demand for innovative designs in aluminum foils.
In 2018, supermarkets and hypermarkets held a greater share than 50.0%. A large number of customers choose to shop at supermarkets for their products because they offer a wider selection of products and the option to inspect the products before purchasing. The effectiveness of promotional campaigns by major brands can increase product sales, which in turn attracts manufacturers to use these channels. Customers are attracted to the renovated structures of hypermarkets as well as organized retail sections.
Online shopping is expected to grow at a 7.3% annual rate between 2019 and 2025. Due to the convenience of doorstep delivery, consumers are more likely to shop online for their items. Ali Express, Amazon, and Walmart are just a few of the major online retailers. It is also important to be able to compare products in a short time frame. Online channels allow consumers to compare brands and learn about the benefits of each product. The product will be in high demand due to the increasing smartphone use in emerging countries like China, India and Brazil over the forecast period.
Asia Pacific was the region with the highest share, more than 30% in 2018. In the next few years, the region will experience the fastest growth. The market is growing due to rising disposable income and increasing consumer awareness about household aluminum foils, particularly in developing countries like China, India, Bangladesh and India.
Due to the increasing demand for home-cooked meals at work, the large number of young working class people in these countries has resulted in significant demand. Aluminum foil will be more popular due to consumer awareness of the negative effects of plastic packaged products.
North America's market is expected to grow at 6.7% CAGR between 2019 and 2025. A large proportion of Americans prefer healthy, clean food at work. Manufacturers are being encouraged by government regulations and quality standards to create effective packaging solutions that prevent food contamination.
Market growth is expected to be aided by the growing demand for ready-to-eat home cooked foods and other confectionery products in the U.S., Canada and elsewhere as a result increased convenience awareness among adults. The largest consumer of barbequed grilled products was the United States. Aluminum foil is used to remove the dust from charcoal and gas grills, so the demand for the product will grow over the next few years.
Alufoil Products Pvt. are key manufacturers. 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.
To increase their market reach, the companies are focusing on strategies like mergers and acquisitions. To illustrate, TOYO ALUMINIUM K.K. acquired a 33.4% share in July 2018. A 33.4% stake in the packaging company, SVAM Packaging Industries Pvt. was acquired. Ltd.
This report predicts revenue growth at all levels, including regional and national, and includes an analysis of industry trends for each sub-segment from 2015 to 2025. Up Market Research has divided the global household aluminum foils market by product, distribution channel and region.
Product Outlook (Revenue USD Million, 2015-2025)
Unprinted
Distribution Channel Outlook (Revenue USD Million, 2015-2025)
Supermarkets and Hypermarkets
Convenience Stores
Online
Regional Outlook (Revenue USD Million, 2015-2025)
North America
The U.S.
Europe
Germany
The U.K.
Asia Pacific
China
Japan
Central & South America
Brazil
Middle East & Africa
South Africa
Up Market Research published a new report titled “Household Aluminum Foils Market research report which is segmented by Product (Unprinted, Printed), by Distribution Channel (Supermarkets & Hypermarkets, Online), By Players/Companies Inc, Amcor Limited, Alcoa Corporation, Reynolds Group Holdings, Aluflexpack group, Cofresco Srl, Flexifoil Packaging Pvt Ltd, Eurofoil, Alufoil Products Pvt Ltd, All Foils, Carcano Antonio SpA, Aditya Birla Management Corporation Pvt Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Household Aluminum Foils Market Research Report |
By Product | Unprinted, Printed |
By Distribution Channel | Supermarkets & Hypermarkets, Online |
By Companies | Inc, Amcor Limited, Alcoa Corporation, Reynolds Group Holdings, Aluflexpack group, Cofresco Srl, Flexifoil Packaging Pvt Ltd, Eurofoil, Alufoil Products Pvt Ltd, All Foils, Carcano Antonio SpA, Aditya Birla Management Corporation Pvt Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 240 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Unprinted, Printed), by Distribution Channel (Supermarkets & Hypermarkets, Online).
Household Aluminum Foils Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Household Aluminum Foils Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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