Seafood is low in calories however, has high protein, vitamins (A, D, and B-complex), long chain omega 3 fatty acids, calcium, zinc, and minerals content. According to the Food and Agriculture Organization of the United Nations and World Health Organization 2011 report, among the general adult population, consumption of fatty fish such as salmon and tuna lowers the risk of mortality from coronary heart disease. This factor is expected to drive demand for seafood, aiding in growth of the global fresh seafood packaging market.
Emerging economies such as India and Indonesia are contributing to higher demand for seafood production and packaging. Increasing exports from seafood producing countries is driving demand for smart and advanced packaging solutions to increase the shelf life of seafood products. According to the World Bank data, in 2015, 199.7 trillion metric tons of fishes were produced globally of which 10.8 and 23.2 trillion metric tons were produced by India and Indonesia, respectively.
However, volatile seafood prices and increasing sea pollution is expected to hinder growth of the market in the near future. Rising sea pollution is negatively affecting the health of aquatic animals. According to the National Environment and Planning Agency’s report on impacts of pollution on the marine environment published in 2008, 80% of non-biological marine pollution comes from land-based activities such as agricultural runoff, sewage, solid waste, chemicals, metals, radioactive substances, and oil spill in sea or oceans impacting aquatic life and thereby decreasing availability of seafood. This is expected to adversely affect growth of the global fresh seafood packaging market.
Among material type, plastic held a revenue share of about 65.0% in global fresh seafood packaging market in 2018. Seafood packaging players are using various technologies for seafood packaging such as tray sealing, thermoforming, vertical flow pack, and shrinks to expand their product portfolio and process efficiency.
Fish packaging segment accounted for a maximum share in fresh seafood packaging market in 2017. Fish packaging is available in different types such as boxes, trays, and pouches with maximum stiffness and high water resistivity features.
Among region, Asia Pacific accounted for a revenue share of about 36.0% in the global fresh seafood packaging market in 2017 and is expected to be dominant over the forecast period. The region was valued at US$ 4.00 billion in 2018. Asia Pacific is also projected to be the fastest growing region in global fresh seafood packaging market over the forecast period. China accounted for a major share in the fresh seafood packaging market followed by Japan.
Major players operating in the global fresh seafood packaging market 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
On the basis of material type, the global fresh seafood packaging market is segmented into:
On the basis of product type, the global fresh seafood packaging market is segmented into:
On the basis of application, the global fresh seafood packaging market is segmented into:
On the basis of region, the global fresh seafood packaging market is segmented into:
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