Seafood Packaging Market: Global Industry Analysis and Forecast (2023 -2029) Trends, Statistics, Dynamics, Segmentation by material, by product, by packaging product, by seafood type, and Region

Global Seafood Packaging Market size was valued at USD 10.6 Bn. in 2022 and the total market revenue is expected to grow by 5.9% from 2023 to 2029, reaching nearly USD 15.83 Bn.
Seafood Packaging Market Overview:-
Seafood is shellfish such as lobsters, mussels, crabs, and sometimes other sea creatures that are used as food worldwide. Seafood is very important for health and wellness food, due to its rich nutrients, availability, rich experience range of variety, and affordability compared to other meat and meat product. Seafood drops its freshness and its shelf life rapidly compared to other foods. Therefore there is a need for effective and reliable packaging for sea foods to preserve their shelf life. The determinations of packaging are to protect fishery products from dehydration, oxidation, and contamination.

Increased demand for healthy items for consumption, the convenience of fresh seafood, and increasing awareness regarding the health benefits of seafood consumption drive the seafood packaging market, and due to excellent packaging methods are the key factors driving the seafood packaging market revenue growth. The seafood packaging market focused on the companies in the production of innovation in packaging technology to propel the market. Manufacturers are also focused on improved packaging of seafood which gaining a position in the global market for seafood packaging. New Advancement introduced in July 2020 Amcorplc introduced Skinnova a seafood packaging solution with 70% less plastic additionally it minimizes the use of plastic by over 70% relative to traditional MAP packaging and cuts the carbon footprint by 45% helping to increase the growth rate during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Seafood Packaging Market Dynamics :
Seafood Packaging Market Drivers :-

Increasing awareness regarding health benefits to fuel the seafood packaging market

Seafood contains low calories and high content of various vitamins, zinc, minerals, calcium, and long-chain omega-3 fatty acids. the increased purchase rate of seafood as a healthy food globally, due to its high protein content, large variety, and affordability as compared to meat and meat products is helping to increase revenue growth in the global Seafood Packaging Market. Currently, people are more focused on healthy food and which is very essential to health and seafood is one of the main sources of nutrients. The increasing consumer demand for fresh and nutritious products is enhancing the growth of the fresh seafood packaging market. the fast-moving lifestyle is enhancing the demand for convenient food products across the globe. Nowadays people are more conscious about their health. There is a need for proper packaging of seafood and it prevents contamination. When awareness about health benefits increases automatically it affects on purchasing process and the involvement of packaging increases as a result, the market for seafood packaging is expected to continue to grow in the forecast period.

Seafood Packaging Market Restraints:-

Increasing level of water pollution is the major factor restraining the seafood packaging market

Water pollution is one of the major problems faced by seafood packaging companies. Municipalities and industries are the major sources of water pollution. It contains various toxic components that cause harmful effects on fish, affecting growth, behaviour, and survival. Insecticides, pesticides, heavy metals are crude oil are just a few of the toxic compounds that are regularly released into the sea. Acute and chronic impacts of water pollution include suppression of the immune system, and slow metabolism damage to the fish specie gill and epithelial layer. Fin rot, Tail rot, gill illness, damage to hepatic tissue illness, damage hepatic tissues, ulceration, etc. as a result ultimately decline seen in the seafood market which further then impacts the seafood packaging market. So water pollution restraint the seafood packaging market.

Seafood Packaging Market Opportunities:

Innovations in packaging technology to boost the Seafood Packaging market

A rise in the production of seafood acts as the major factor rising the market growth, increase in the adoption of modified atmospheric packaging, increase in the innovative production of recyclable and thermal packaging solutions and a rise in purchaser awareness about healthy food are the major factors among others driving the growth of seafood packaging market. Packaging technologies covered include: Modified atmosphere packaging; vacuum packaging; vacuum skin packaging; active food packaging, including oxygen scavengers; carbon dioxide emitters; moisture regulators; antioxidant and antimicrobial packaging; intelligent packaging, including freshness indicators; time–temperature indicators and leakage indicators; retort pouch processing and edible films; coatings/biodegradable packaging, used individually or in combination for maximum preservation potential.

Modified atmosphere packaging (MAP) inhibits the oxidation of lipids, and aerobic bacterial growth and extends the shelf life of the product. According to the MMR report On January 21, 2021 – Sealed Air Corporation the original inventor of BUBBLE WRAP, launched a new version of BUBBLE WRAP brand packaging material that is made with at least 90 percent recycled content. On May 1, 2021 – Sealed Air Corporation announced that they had signed a definitive agreement to acquire Automated Packaging Systems, Inc. (APS), a leading manufacturer of high-reliability, automated bagging systems, for a purchase price of $510 Mn on a cash and debt free basis. Moreover, the growing prevalence of Innovations in packaging technology represents a significant opportunity for the dystonia drugs market, which is poised for continued growth in the forecast years.
Seafood Packaging Competitive Market Landscape :
The competitive landscape of the seafos packaging market with many established and emerging companies. Competitive analysis and profiles of the major players in the seafood packaging market are Sealed Sealed Air, DS Smith, Bemis (Amcor), Pactiv (Reynolds), Berry Global, Constantia Flexibles (Wendel), Clondalkin Group, Cascades, DOW, Smurfit Kappa, Victory Packaging, AEP Industries Inc., Amcor plc, Crown, Silgan Holdings Inc., SIRANE GROUP, Printpack, FFP Packaging Ltd, ULMA Packaging. In July 2020 amcorplc introduced SkinNova Packaging, more sustainable skin packaging that lessens plastic waste by 70%. Moreover, it minimizes the use of plastic by over 70% relative to traditional MAP packaging and cuts the carbon footprint by 45%.

In Feb 2019 - ULMA packaging is scheduling trials with new packaging systems that drive help the industry reduce packaging waste. The Company plans to develop innovative packaging machines designed to minimize packaging size and waste as well as compliance by adopting biodegradable and recyclable products.
Seafood Packaging Market Segment Analysis :-
Based on Material Type, The plastics segment is expected to exhibit highest revenue share during the forecast period due to the properties of plastic. Plastic packaging's excellent qualities including its cheap than other materials, water resistance, non-corrosive and impermeability to moisture, fluids, water vapors, air, and other pollutants, drive market demand. The quality of seafood is degraded by oxidation and interfering from other air components, which can produce the harmful chemicals. Risk is eliminated because plastic packaging is impermeable, non-corrosive and etc. Furthermore, qualities like thermostability, ease of processing, lightweight, mechanical capabilities, low cost, and ease of handling will all increase the demand for plastic packaging. These factors of plastic increase the growth rate of the seafood packaging market.Based on the Technology, Modified atmosphre packaging segment dominating the Seafood Packaging Market and expected to grow during the forecast period. Modified atomosphre packaging, Vacuum packaging, Vacuum skin packaging etc are technologies used for packahing in seafood packaging market. Modified atmosphere packaging ( MAP), is a process in which shelf life of all fresh food products is extended. In that process atmospheric gas such as nitogen with antimicrobially active gas such as carbon dioxide introduced in package, By this technology the product prolongs the shelf life period and prevents undesirable changes. Hence the modified atmosphere packaging segment is expected to exhibit the highest growth rate during the forecast period.
Seafood Packaging Market Regional Insights:
Asia-Pacific dominates the seafood packaging market due to an upswing in the production of seafood, an increase in consumer awareness about the consumption of fresh seafood these are the main factors that grow the market in the Asia-pacific region and the main part is Asia in surrounded by sea thus Seafood is as chief food which regularly consume in that region. Raw material which are requied to packaging is easily available from southern and eastern area.
Seafood Packaging Market Scope: Inquire before buying



Seafood Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 10.06 Bn.


Forecast Period 2023 to 2029 CAGR:
5.9%
Market Size in 2029:
US $ 15.83 Bn.


 Segments Covered:
by Material
• Plastic
• Paper and paperboard
• Metal
• Glass
• others


by Product
• Trays
• Bags and pouches
• Food can
• Boxes
• Shrinkfilms
• Others


by Technology
• Modified atmosphre packaging
• Vacuum packaging
• Vacuum skin packaging


by Seafood type
• Fish
• Molluscs
• Crustaceans
• others



Seafood Packaging Market, by Region
• North America (United States, Canada, and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Seafood Packaging Market Key Players :-
• Sealed Air
• Amcor plc
• DS Smith
• Bemis (Amcor)
• Pactiv (Reynolds)
• Berry Global
• Constantia Flexibles (Wendel)
• Winpak
• Coveris
• Clondalkin Group
• Cascades
• DOW
• Smurfit Kappa
• Victory Packaging
• AEP Industries Inc.
• Crown
• Silgan Holdings Inc.
• SIRANE GROUP
• Printpack
• FFP Packaging Ltd.
• ULMA Packaging

Frequently Asked Questions:

1] What segments are covered in the Global Seafood Packaging Market report?
Ans. The segments covered in the Seafood Packaging Market report are based on Type, Price Point, Distribution Channel, and Region.

2] Which region is expected to hold the highest share in the Global Seafood Packaging Market?
Ans. The North America region is expected to hold the highest share of the Seafood Packaging Market.

3] What is the market size of the Seafood Packaging Market by 2029?
Ans. The market size of the Seafood Packaging Market by 2029 is expected to reach US$ 15.83Bn.

4] What is the forecast period for the Global Seafood Packaging Market?
Ans. The forecast period for the Seafood Packaging Market is 2023-2029.

5] What was the market size of the Seafood Packaging Market in 2022?
Ans. The market size of the Seafood Packaging Market in 2022 was valued at US$ 10.06 Bn.