Seafood Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Seafood Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Seafood Packaging Market

The seafood packaging market size was valued at USD 17.41 billion in 2023, and the market is now projected to grow from USD 18.20 billion in 2024 to USD 27.61 billion by 2032, exhibiting a CAGR of 5.35% during the forecast period of 2024-2032.

The COVID-19 pandemic critically disrupted the seafood supply chain, inflicting full-size cancellations of orders and massive delays in freight deliveries. Obtaining sparkling seafood and renewing current orders became difficult, similarly impeding marketplace growth. These problems collectively hampered the enterprise's balance and enlargement throughout the pandemic.

Growing focus of seafood's fitness blessings is driving market growth, as consumers seek remarkable food with better consistency and shelf existence. Packaging improvements have revolutionized seafood production and income, making it a not unusual dietary desire. Fish provides about 16% of the arena's animal protein, and oily fish like tuna and salmon lessen coronary heart disease chance, in addition boosting call for.

The rising demand for prepared-to-devour food, driven via busy city existence and the dietary benefits of fish, is boosting the usage of trays in the seafood market. Trays offer convenience, ease of coaching, and effective oven use, making them famous for packaging equipped-to-devour seafood dishes. This fashion enhances the need for modern packaging solutions, including trays and pouches suitable for microwave ovens, to cater to client possibilities.

Comprehensive Analysis of Seafood Packaging Market

The seafood packaging market growth is rising at an exponential rate due to its market segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by material analysis, by product type analysis, by packaging technology analysis, by application analysis, by seafood type analysis. By material analysis include, plastic, paper, and metal. By product type analysis include,trays, bags & pouches, cans, boxes, and shrink films. By packaging technology analysis include,MAP, vacuum skin packaging, and others. By application analysis include, fresh & frozen, and processed. By seafood type analysis include, fish, molluscs, crustaceans, and others.

The Asia Pacific region lead the seafood packaging market share by benefitting a market size of USD 7.30 billion in 2023 due to the high seafood production from Japan, Korea, India, Malaysia, Sri Lanka, and other coastal nations meets strong demand from East and Southeast Asian countries.

The top players in the market play an important role in the industry assuring market expansion and setting market level. These players include, Amcor plc, Crown Packaging, Sealed Air, WINPAK LTD., Smurfit Kappa, DS Smith, Silgan Holdings Inc., SIRANE GROUP, Printpack, FFP Packaging Ltd., these market players provide a level-playing competitive landscape.

In August 2022, Iceland partnered with Parkside to replace LDPE bags for its frozen seafood with recyclable paper pouches featuring water-based coatings that break down during re-pulping.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.35% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

Plastic

Paper

Metal

Others

By Product Type

Trays

Bags & Pouches

Cans

Boxes

Shrink Films

Others

By Packaging Technology

MAP

Vacuum Skin Packaging

Others

By Application

Fresh & Frozen

Processed

By Seafood Type

Fish

Molluscs

Crustaceans

Others

By Region

North America (By Material, By Product Type, By Packaging Technology, By Application, By Seafood Type, and Country)

- U.S. (By Application)

- Canada (By Application)

Europe (By Material, By Product Type, By Packaging Technology, By Application, By Seafood Type, and Country)

- Germany (By Application)

- France (By Application)

- U.K. (By Application)

- Italy (By Application)

- Spain (By Application)

- Russia (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Material, By Product Type, By Packaging Technology, By Application, By Seafood Type, and Country)

- China (By Application)

- India (By Application)

- Japan (By Application)

- Australia (By Application)

- Southeast Asia (By Application)

- Rest of Asia Pacific (By Application)

Latin America (By Material, By Product Type, By Packaging Technology, By Application, By Seafood Type, and Country)

- Brazil (By Application)

- Mexico (By Application)

- Rest of Latin America (By Application)

Middle East & Africa (By Material, By Product Type, By Packaging Technology, By Application, By Seafood Type, and Country)

- GCC (By Application)

- South Africa (By Application)

- Rest of the Middle East and Africa (By Application)


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