Global Seafood Packaging Market Size By Product Type(Flexible Packaging and Rigid Packaging), By Technology(Modified Atmosphere Packaging, Vacuum Packaging), By Material(Plastic, and Paper & Paperboard), By Application(Fresh and Frozen Products, Processed Products), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Seafood Packaging Market size was valued at USD 10,771.5 Million in 2022 and is projected to reach USD 15,464.6 Million by 2030, growing at a CAGR of 4.62% from 2023 to 2030.
The increase in seafood production is a major factor driving market growth, as is the increase in the trading of such seafood. Other major factors driving market growth include increased consumer awareness about the consumption of fresh seafood, increased adoption of modified atmospheric packaging, increased innovative production of recyclable and thermal packaging solutions, and increased purchaser awareness about healthy food. Furthermore, technological advancements and modernization in packaging techniques, as well as an increase in market research and development activities, will create new opportunities for the seafood packaging market.
Global Seafood Packaging Market Definition
Seafood is super delicate! It's packed with moisture, has a pH that nasties love, and is full of stuff that goes bad quickly – unsaturated fats and non-protein nitrogen things. That means it needs to be dealt with fast, either processed or put in packaging, to keep it safe and yummy. But get thispeople want it fresh and hardly touched, still tasting like the ocean! So, what do we do? Usually, you'll find frozen fish in polyethylene bags or wraps, all snug in waxed duplex cartons. Or, if it's on display, it might be sitting pretty on a polystyrene tray. Single fillets? Wrapped in cellophane or PVC, probably. But packaging isn't just about keeping stuff out anymore. It's become this interactive thing between the food and the container, like in modified atmosphere packaging, vacuum packaging, active packaging, and even intelligent packaging and all that jazz.
Global Seafood Packaging Market Overview
People want food that's consistently good and lasts longer, so the demand for high-quality food items is really taking off. Packaging has completely changed how we make and sell food, especially seafood, which so many people eat. Did you know that, according to the Food and Agriculture Organization, fish is a super important source of protein, making up about 16% of all the animal protein we eat? And the World Health Organization says that eating oily fish like tuna and salmon can actually lower your risk of heart disease. Focusing more on fish and farming is a win-win for both rich and poor countries. For many, fish is their main (or only) source of animal protein, and it's essential for giving important nutrients to those who need them most. With so many kinds of fish – over 25,000 species! – understanding marine life, protecting habitats, and keeping our oceans clean are key to understanding biodiversity and keeping our ecosystems healthy. Unfortunately, things like increasing ocean pollution are holding back the market and will continue to make it harder for the seafood packaging market to grow.
Global Seafood Packaging Market Segmentation Analysis
The Global Seafood Packaging Market is segmented on the basis of Product Type, Technology, Material, Application, and Geography.
Seafood Packaging Market, By Product Type
• Flexible Packaging• Rigid Packaging
So, we can break down the packaging market by Product Typeyou've got Flexible Packaging and Rigid Packaging. Now, that flexible stuff? It's all food-grade, meaning it won't mess with the taste of your seafood. What's cool is how versatile it is. Companies can use it whether they're packaging fish at room temp, freezing it solid, or anywhere in between. Plus, the fish can be pre-cooked or totally raw. And if it's frozen or vacuum-sealed, they use super tough, puncture-resistant materials to keep everything intact. Honestly, FP is awesome for keeping fish and seafood fresh, flavorful, and safe. Think about iteasy-open tear notches, resealable zip locks, and seals so airtight they'd make a submarine jealous!
When we talk about how things are packaged using Technology, we can break the market down into a few key areasModified Atmosphere Packaging, Vacuum Packaging, and, well, Others. Now, Modified Atmosphere Packaging (MAP) is a pretty neat trick to keep food fresher for longer. Basically, it changes the air around the food inside the package. By tweaking the mix of gases, we can make the food last longer, staying closer to its original, fresh self. I've even heard that fish in MAP packaging can last two or three times longer than fish packed in regular air! It often starts with higher CO2 levels, but really, the gas mix depends on a bunch of things – how cold you're storing it, what kind of food it is, and what the package is made of. For example, fish and non-respiring products like meat need packaging films that don't let much gas through at all.
Seafood Packaging Market, By Material
• Plastic• Paper & Paperboard
When it comes to what these packages are made of, we're talking about Plastic and Paper & Paperboard. Plastic is a big deal in packaging because it's so good at keeping stuff out – moisture, liquids, air, you name it! You know how seafood can go bad because of air messing with it? Well, plastic packaging solves that by creating a barrier. Plus, it's easy to seal, see-through, bendy, light, strong, cheap, and just plain easy to use, all of which is why it's becoming so popular. Think of flexible packaging as the superhero of fish containerssuper protective, long-lasting, and adaptable. Better ways of processing and new plastic recipes are only going to make things better for the market.
Seafood Packaging Market, By Application
• Fresh and Frozen Products• Processed Products• Ready-to-Eat Products
Think about how we buy seafood – it basically breaks down into Fresh and Frozen, stuff that's been Processed in some way, and those super convenient Ready-to-Eat meals. Right now, that fresh and frozen stuff is really popular, gobbling up a big chunk of the market because everyone wants raw fish and other delicious ocean goodies. And it makes sense, right? We're all learning how good seafood is for us, so we're eating more fish, mollusks, the whole shebang! Plus, freezing is a game-changer; it keeps things fresh longer and lets us get seafood even when it's not locally available. All that is expected to drive demand even higher.
Seafood Packaging Market, By Geography
• North America• Europe• Asia Pacific• Latin America• Middle East and Africa
The Global Seafood Packaging Market is segmented on the basis of geography into North America, Europe, Asia Pacific, the Middle East, and Africa. Asia-Pacific dominates the seafood packaging market due to increased seafood production and trading, increased consumer awareness about the consumption of fresh seafood, and increased adoption of modified atmospheric packaging in this region. North America is the expected region for growth in the seafood packaging market due to increased consumer awareness about the consumption of fresh seafood and increased adoption of modified atmospheric packaging in this region.
Key Players
The “Global Seafood Packaging Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Dow, CoolSeal USA, Tri-pack Packaging Systems Ltd, Frontier Packaging, Inc., Sealed Air, guaranteednopresc, WestRock Company, PPS Midlands Limited, StarBox Inc., Smurfit Kappa, Printpack, Orora Packaging Australia Pty Ltd, ULMA Packaging and Wipak Oy.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Key Developments
• In January 2021, Sealed Air Corporation, the original inventor of BUBBLE WRAP, introduced a new version of BUBBLE WRAP brand packaging material that contains at least 90% recycled content.
• In May 2021, Sealed Air Corporation announced the signing of a definitive agreement to acquire Automated Packaging Systems, Inc. (APS), a leading manufacturer of high-reliability, automated bagging systems, for a cash and debt-free purchase price of $510 million.
• In February 2021, MGM’s flexible packaging business had been purchased by Sealed Air Corporation. MGM is a privately held corporation based in Manila, Philippines.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Seafood Packaging market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Seafood Packaging market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Dow, CoolSeal USA, Tri-pack Packaging Systems Ltd, Frontier Packaging, Inc., Sealed Air, guaranteednopresc, WestRock Company, PPS Midlands Limited, StarBox Inc., Smurfit Kappa, Printpack, Orora Packaging Australia Pty Ltd, ULMA Packaging and Wipak Oy.
SEGMENTS COVERED
By Product Type, By Technology, By Material, By Application, and By Geography.
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We'll dive into the market with both qualitative and quantitative analysis, breaking it down by different segments using both economic and, well, everything else! You'll get market values in USD Billion for each segment and sub-segment. We'll point out which region and segment we think will be the fastest growers and who's likely to be king of the hill. Expect a geographic breakdown, highlighting who's using the product/service where, and the local factors that are shaking things up. We'll map out the competitive landscape, showing you the major players' rankings, along with their latest launches, partnerships, expansions, and acquisitions over the last five years. Get ready for in-depth company profiles covering their story, insights, product comparisons, and a full SWOT analysis for the big names. We'll give you our take on the current and future market outlook, covering recent happenings, growth opportunities, and the hurdles facing both up-and-coming and established regions. Plus, we'll break down the market from all angles with Porter's five forces analysis and give you a look at the Value Chain. Finally, we'll share the market dynamics scenario, growth opportunities in the coming years, and even throw in 6 months of post-sales analyst support!
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