Household Aluminum Foil Market Growth & Trends
The global household aluminum foil market size is expected to reach USD 2.15 billion by 2030, expanding at a CAGR of 8.3% from 2024 to 2030. 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 1.09 billion in 2023. 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 45.6% share of the global revenue in 2023. 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 25.99% share of the global revenue in 2023. 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.
Household Aluminum Foil Market Report Highlights
- The unprinted segment dominated the market and accounted for the largest revenue share of 88.2% in 2023.
- Hypermarkets & supermarkets held the largest revenue share of 45.6% in 2023 as these stores offer a wide range of options and offer a one-stop shop for all household needs.
- The online segment is projected to grow at the fastest CAGR of 8.9% during the forecast period.
- North America household aluminum foil market held a considerable share of 40.4% in 2023.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Household Aluminum Foil Market Variables, Trends, & Scope
Chapter 4. Household Aluminum Foil Market: Product Estimates & Trend Analysis
Chapter 5. Household Aluminum Foil Market: Distribution Channel Estimates & Trend Analysis
Chapter 6. Household Aluminum Foil Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- Alufoil Products Pvt. Ltd
- Carcano Antonio S.p.A.
- Alcoa Corporation
- Aluflexpack group
- Cuki Cofresco S.r.l.
- Flexifoil Packaging Pvt. Ltd.
- Eurofoil
- Amcor plc
- All Foils, Inc.
- Hindalco Industries Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.24 Billion |
| Forecasted Market Value ( USD | $ 2.15 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
