Seafood Packaging Market Trends, Revenue, Scope, Growth Drivers, Key Players, Opportunities, Challenges and Future Strategies Till 2033


Seafood Packaging Market Trends, Revenue, Scope, Growth Drivers, Key Players, Opportunities, Challenges and Future Strategies Till 2033: SPER Market Research

 Category : Packaging

 Published: Jul-2023
 Author: SPER Analyst

Global Seafood Packaging Market is projected to be worth USD 28.85 billion by 2033 and is anticipated to surge at a CAGR of 5.33%.

Seafood is a type of food known for its low calorie content and abundant supply of various vitamins (B-complex, A, and D), zinc, minerals, calcium, and long-chain omega-3 fatty acids. Proper packaging of fresh seafood is essential to prevent contamination and maintain the food's chemical, biological, and physical characteristics intact.

Global Seafood Packaging Market Driving Factors and Challenges
The increasing demand for high-quality, consistent, and long-lasting food products has sparked a packaging revolution, especially for seafood items. Seafood consumption is widespread, with fish being a crucial protein source globally. Oily fish like tuna and salmon are associated with reduced coronary heart disease mortality. Developing countries benefit from the emphasis on fish and agriculture, providing vital animal protein and micronutrients to vulnerable populations. Traditional packaging methods have limitations in extending the shelf life of fishery products, leading to the adoption of vacuum and modified atmosphere packaging (MAP). However, these require significant investment and fresh food-grade gas. To address this, innovative solutions like active and smart packaging technology have emerged to preserve food quality and prolong shelf life. The active and smart packaging market is driven by new technologies and cost-effective pricing, fostering wider adoption across various product types.

The seafood packaging market does, however, also encounter some difficulties. The main cause of spoilage in seafood products is microorganisms, with some specific bacteria known as Unique Spoilage Organisms (SSOs) contributing to aggressive off-flavors. Spoilage occurs when the sensory properties of food change, rendering it unfit for consumption. Inadequate care and storage can accelerate microbial decay and growth in seafood. The extent of spoilage depends on factors such as the overall microbial flora, fish characteristics, handling and packing methods, and storage temperature. To prevent degradation and misinformation in the supply chain, packaging companies are adapting to new regulations. Unregulated, improperly prepared, or processed seafood products may be prone to microbial contamination and cross-contamination. Unhygienic handling during manufacturing and packing, poor storage conditions, abnormal temperatures, and the use of preservatives can also impact seafood quality.

Impact of COVID-19 on Global Seafood Packaging Market 
The global market for seafood packaging has been significantly impacted by the COVID-19 outbreak. The fish business experienced difficulties in trading and logistics due to widespread lockdowns, limitations on transportation, and border crossings. The seafood packaging industry faced financial difficulties as a result of cancelled orders, sluggish freight delivery, and decreased demand. Sales were further impacted by the discovery of the new coronavirus on frozen fish packaging in China, a significant producer of seafood. While some areas saw a loss in fishery output because of a drop in demand, other areas saw a rise in consumer awareness of the benefits of consuming fresh seafood. To increase shelf life and guarantee food safety, innovative packaging techniques like active and smart packaging have gained popularity.

Seafood Packaging Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Amcor plc, Crown Packaging, DS Smith, FFP Packaging Ltd., Printpack, Sealed Air, Silgan Holdings Inc., SIRANE GROUP, Smurfit Kappa, WINPAK LTD., Others.

Global Seafood Packaging Market Segmentation:

By Product Type: Based on the Product Type, Global Seafood Packaging Market is segmented as; Bags & Boxes, Cans, Films, Jars, Trays, Others Compressors.

By Material Type: Based on the Material Type, Global Seafood Packaging Market is segmented as; Glass, Metal, Paper & Paperboard, Plastic, Others.

By Packaging Technology: Based on the Packaging Technology, Global Seafood Packaging Market is segmented as; Modified Atmospheric Packaging (MAP), Retort Packaging, Vacuum Packaging Gas.

By Application: Based on the Application, Global Seafood Packaging Market is segmented as; Crustaceans Packaging, Fish Packaging, Molluscs Packaging, Others.

By Seafood Type: Based on the Seafood Type, Global Seafood Packaging Market is segmented as; Crustaceans, Fish, Molluscs, Others.

By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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