BALL CORPORATION, SAMSUNG and Koninklijke Philips N.V. are Dominating the Global Food Container and Kitchen Appliances Market in 2021

Global Food Container and Kitchen Appliances Market is expected to grow with the CAGR of 6.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global food container and kitchen appliances market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global food container and kitchen appliances market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In June 2018, BALL CORPORATION and Platinum Equity announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack. This new packaging company manufactures steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the U.S. This development helps the company to increase revenue in this market.

BALL CORPORATION is the dominating player in global Food container and kitchen appliances market. The other key players existing in the market includes LG Electronics, SAMSUNG, Koninklijke Philips N.V., AB Electrolux, Whirlpool, Greif, Evergreen Packaging LLC, Crown, Havells India Ltd., Pactiv LLC, Berry Global Inc., Amcor plc, PLASTIPAK HOLDINGS, INC., Plus Pack AS, Lacerta Group, Inc., Ampak Inc., Novolex, O-I Glass, Inc. and GE Appliances (a subsidiary of Haier Inc.

Food Container and Kitchen Appliances Market

BALL CORPORATION

BALL CORPORATION was founded in 1880 and is headquartered in Seoul, Korea. It deals in the manufacturing of TV & home entertainment, kitchen, laundry, computers, air conditioning & solar. The company offers home appliance & air solution, home entertainment; mobile communications, vehicle component solutions and business solutions and the market focused product are home appliance & air solution.

The company has wide global presence across Asia-Pacific, Europe, North America, South America and Middle East and Africa.

For Instance,

  • In June 2018, BALL CORPORATION and Platinum Equity announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack. This new packaging company manufactures steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the U.S. This development helps the company to increase revenue in this market.

SAMSUNG

SAMSUNG was founded in 1969 and is headquartered in Suwon, South Korea. The company is engaged in technology to creating superior products and services that contribute to a better global society. The company offers various products such as mobile, tv & av, home appliances, computing, display among which, products for home appliances is market focused segment.

The company has wide global presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa.

For Instance,

  • In March 2021, Samsung, India’s, launched a new baker series of microwaves with different features like grilling, steaming, and frying. These products launch help to increase the product portfolio as well as increase the presence.  

Koninklijke Philips N.V.

Koninklijke Philips N.V. Corporation was founded in 1890 and is headquartered in Amsterdam, Netherlands. The company is engaged in helping people to prevent from disease and live healthily life. The company offers various products such as sound & vision, personal care, mother & child care, household products, lighting, health, automotive, parts & accessories among which household products is market focused segment.

The company has wide global presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa.