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Market size of aluminum foil?

Market sizing
Recent activity on Apr 02, 2018
4 Answers
2.8 k Views
Anonymous A asked on Mar 30, 2018

I came across an interesting question regarding estimating the market size of the alumnum foil industry in the US. I was completely stumped on how to approach it and was wondering if the community could offer their insight?

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Vlad
Expert
updated an answer on Mar 30, 2018
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

First of all, I would check whether it's a b2b or b2c market or both.

If b2c - agree with the previous one

If b2b, than = meals per person * % meals out of home * % meals with foil / ±3 portions prepared on a single foil * size of the one foil to cook / foils in one package

+ I would at least mention other potential b2b usages of foil, e.g. packaging

Best

(edited)

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Retired
Expert
replied on Apr 02, 2018
Former BCG interviewer

For B2B I would actually clarify with the interviewer if she is referring to food grade aluminium foil only or industrial aluminium foil in general. If the latter, then - assuming you are no expert in aluminium foil market - I would start a discussion to understand what the market segments (e.g. heat shielding, medicine packaging, etc) are and once that is cleared I would take the standard market sizing approach and size each one of these based on assumptions.

Hope it helps,

Andrea

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B
Expert
replied on Mar 31, 2018
NOT AVAILABLE

Hey anonymous,

I agree with Vlad point on B2B, and you should definitely mention packaging as its consumption is much larger than uses for domestic purposes (not even sure if there’s any other b2b industry that consumes more!)

Best

Bruno

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Anonymous B replied on Mar 30, 2018

For consumer segment:

Pop us * 1/people per HH * % use aluminium foil * # foil packs per quarter * 4 quarters * usd per pack

then add another 25% extrapolating for businesses

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Vlad gave the best answer

Vlad

McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
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