Fresh Seafood Packaging Market- 2017-2027
Definition of Market/Industry:
Seafood is low in calories and has high content of various vitamins (B-complex, A, and D), zinc, mineral, calcium, and long chain omega 3 fatty acids. The packaging of fresh seafood helps in preventing contamination and changes in the biological, chemical, and physical form of food.
Statistics:
Global fresh seafood packaging market was valued at US$ 11.81 Bn in 2018, and is expected to reach US$ 19.02 Bn by 2027, exhibiting a CAGR of 5.44% over the forecast period.
Drivers:
The global fresh seafood packaging market is expected to witness significant growth over the forecast period, owing to increasing demand for seafood. According to the Food and Agriculture Organization of United Nations and World Health Organization 2011, the consumption of fatty fish such as tuna and salmon by the adult population across the globe helps in lowering the risk of mortality from coronary heart diseases. Moreover, according to the data provided by the World Bank, the total global production of fish was pegged at 199.7 trillion metric tons in 2015, amongst which 23.2 trillion metric tons was from Indonesia. Thus, rising production of seafood and increasing trading of such seafood are expected to drive demand for advanced and smart packaging solutions, which helps in increasing shelf life of fresh seafood products.
Statistics:
Figure 1. Global Fresh Seafood Packaging Market Share (%), By Region, 2018
Market Restraints
The fresh seafood packaging market is restrained by increasing instances of food contamination, which is caused by poor packaging or mishandling of fresh seafood. Moreover, stringent rules and regulations imposed by the government of various countries for packaging and transportation of the fresh seafood is expected to hamper usage of plastic packages for packaging of fresh seafood. This is further expected to hamper growth of the fresh seafood packaging market over the forecast period.
Market Opportunities
Increasing consumer awareness about consumption of fresh seafood, which fulfill the safety standards is expected to generate opportunities for development of new packaging solutions for fresh seafood. Rising adoption of the modified atmospheric packaging is also expected to generate new growth opportunities for fresh seafood packaging. Modified atmospheric packaging helps in preserving the shelf life of the products. Moreover, innovative production of recyclable and thermal packaging solutions are expected to drive the growth of the fresh seafood packaging market.
Figure 2. Global Fresh Seafood Packaging Market Share (%), By Material Type, 2018
Competitive Section:
Company Names
- DowDuPont Inc.
- CoolSeal USA
- Tri-Pack Plastics
- Frontier Packaging
- Sealed Air Corporation
- Sixto Packaging
- Victory Packaging
- PPS Midlands Limited
- Star-Box, Inc.
- AEP Industries Inc.
- Smurfit Kappa Group
- Printpack Inc.
- Orora Packaging Australia Pty Ltd.
- ULMA Packaging
- Wipak Oy
Recent Developments
Sealed Air Corporation
- In June 2018, Sealed Air Corporation introduced a new form of packaging solutions for seafood, which was designed by using bio-based resins. This new bio-based resin packaging is a renewable packaging option, which would help the seafood industry in addressing the problem of food waste by extending the shelf-life and freshness of seafood products.
ULMA Packaging
- In October 2016, ULMA packaging supplied two thermoformers to fresh seafood processor- Denholm Seafoods for intermittent packing. This helped in increasing the speed of delivery of the seasonal fishes from processing to dispatch. These thermo formers are efficient in providing easy access to deep cleaning, which enables the food manufacturers to meet the regulatory requirements.
Tri-Pack Plastics
- In September 2014, a grant amounting to US$ 37,572 has been provided to Tri-pack plastics for developing of new packaging box for salmon. This was done for a salmon producer and processor, who has a global presence, majorly in Europe and North Atlantic region.
Seafood is widely accepted health and wellness food worldwide, owing to rich nutrients, huge variety, and affordability as compared to meat and meat products. With every decrease in temperature by 5.3˚C, the rate of microbial deterioration doubles, which causes loss in weight and quality of the seafood. Therefore, type and quality of packaging has high significance in the seafood industry. Global fresh seafood packaging market is expected to exhibit a CAGR of 5.44% over the forecast period.
Dynamics:
The global fresh seafood packaging market is expected to witness significant growth over the forecast period. Fresh seafood is an extremely perishable food and is required to be handled with care to ensure that it is prevented from the growth of microorganisms. Growth of the market is also supported by the government initiatives undertaken towards food safety and increase in demand for single portion food items. Furthermore, rising demand for consumer friendly packaging and enhancements in the protection of fresh seafood is expected to fuel growth of the market. Increase in use of renewable resources and recyclable materials is also expected to drive growth of the market. However, growth of the market is expected to be restrained by the depleting stock of seafood, which is result of the increasing level of sea pollution.
Key features of the study:
- This report provides in-depth analysis of fresh seafood packaging market and provides market size (US$ Billion) and cumulative annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global fresh seafood packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include DowDuPont Inc., CoolSeal USA, Frontier Packaging, Sealed Air Corporation, Sixto Packaging, Victory Packaging, Star-Box, Inc., AEP Industries Inc., Smurfit Kappa Group, Printpack Inc., Orora Packaging Australia Pty Ltd., ULMA Packaging, and Wipak Oy.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up gradation, market expansion, and marketing tactics
- The global fresh seafood packaging market report caters to various stakeholders in this industry including investors, suppliers, fresh seafood packaging manufacturers, distributors, resellers, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the fresh seafood packaging market
Detailed Segmentation:
- Global Fresh Seafood Packaging Market, By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- Global Fresh Seafood Packaging Market, By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- Global Fresh Seafood Packaging Market, By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Global Fresh Seafood Packaging Market, By Region:
- North America
- U.S.
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Canada
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Europe
-
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Germany
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Italy
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- France
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Russia
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Rest of Europe
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Asia Pacific
-
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- China
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- India
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Japan
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- ASEAN
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Australia
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- South Korea
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Rest of Asia Pacific
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Latin America
- Brazil
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Argentina
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Mexico
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Rest of Latin America
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Middle East
- GCC
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Israel
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Rest of Middle East
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Africa
- North Africa
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Central Africa
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- South Africa
- By Material Type:
- Plastic
- Paper
- Metal
- Others (Wood, Glass, and Others)
- By Product Type:
- Boxes
- Bags
- Pouches
- Films
- Others (Cans, Trays, and Others)
- By Application:
- Fish Packaging
- Crustaceans Packaging
- Molluscs Packaging
- Others (Jelly Fish and Others)
- Company Profiles
- DowDuPont Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- CoolSeal USA
- Frontier Packaging
- Sealed Air Corporation
- Sixto Packaging
- Victory Packaging
- Star-Box, Inc.
- AEP Industries Inc.
- Smurfit Kappa Group
- Printpack Inc.
- Orora Packaging Australia Pty Ltd.
- ULMA Packaging
- Wipak Oy
“*” marked represents similar segmentation in other categories in the respective section.
