The global Household Aluminum Foils Market size is expected to register revenue of USD 1.6 Billion from 2019 to 2025, according to a new report by Million Insights. It is expected to grow with 6.3% CAGR over the forecast period. This growth can be attributed to the increase in working population across developed and developing regions which are anticipated to boost the need for packed foods thereby, increasing the demand for aluminum foils.
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Market Synopsis of Household Aluminum Foils Market:
The unprinted aluminum foils product segment accounted for the largest market share of around 85% across the global market, in 2018 owing to features like low-cost prices and ease of availability and usage. The printed aluminum foils product segment is expected to register a CAGR of 7.1% during the forecasted years, 2019 to 2025 due to their availability in different sizes, variety, and shapes.
The supermarkets & hypermarkets segment in the household aluminum foil market segmented by distribution channel held the largest share of around 50% across the global market. This can be attributed to the preference among the consumers to physically verify the products before making the purchase decision and promotional activities initiated by the key players to increase brand awareness among the consumers. The online distribution channel is expected to witness the highest CAGR of 7.3% in the upcoming years.
The Asia Pacific region accounted for the largest share of around 30% in the global market owing to the increasing working population and rising disposable income among consumers across developing countries like China, India, and Japan. The region of North America is anticipated to witness a 6.7% CAGR owing to rising awareness about food and health hygiene among the millennials.
The market includes key manufacturers like 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.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-household-aluminum-foil-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Household Aluminum Foils: Market Variables, Trends & Scope
Chapter 4 Household Aluminum Foils: Product Estimates & Trend Analysis
Chapter 5 Household Aluminum Foils: Application Estimates & Trend Analysis
Chapter 6 Household Aluminum Foils: End-use Estimates & Trend Analysis
Chapter 7 Household Aluminum Foils: Industrial End-use Estimates & Trend Analysis
Chapter 8 Household Aluminum Foils: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Household Aluminum Foils: Manufacturers Company Profiles
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