Fresh Seafood Packaging Market to Reach US$ 19.02 Billion Globally, by the end of 2027 - Coherent Market Insights

News provided by

Mar 17, 2020, 10:51 ET

SEATTLE, March 17, 2020 /PRNewswire/ -- The global fresh seafood packaging market was valued at US$ 11.81 billion in 2018, and is expected to exhibit a CAGR of 5.44% over the forecast period (2019-2027).

Definition of Market:

Packaging is considered as one of the most essential component of modern lifestyle, owing to rising inclination of the consumers towards convenience of using the products. Moreover, the market is experiencing growth owing to increasing demand of healthy products for consumption and easy availability of fresh seafood due to effective packaging solutions. Fresh seafood packaging is designed in such a manner that it is capable of meeting all the packaging requirements within the supply chain for ensuring that the texture, taste, and nutritive qualities of the food are preserved.

Request for Sample PDF copy @ https://www.coherentmarketinsights.com/insight/request-sample/3016

Market Drivers:

The global fresh seafood packaging market growth is expected to be driven by increasing government initiatives towards the promotion of healthy eating practices, which promotes consumption of fresh seafood. The growth of the fresh seafood packaging market is also expected to be driven by the increasing demand for single and small size portion item. Fresh seafood packaging manufacturers are focusing on the development of case ready packaging, which is helpful in reducing the labor cost and increasing the protection of fresh seafood by usage of high barrier films. In addition to this, growing population and increase in standard of living of the consumers are driving demand for fresh and healthy products, thereby driving the growth of the fresh seafood packaging market. However, increasing instances of the bacterial infections, which are caused due to the improper packaging of fresh seafood is expected to restrain the growth of the market.

Market Opportunities:

The seafood supply chain has changed drastically over the years and has become highly complex as the fresh seafood has to pass through many stages before reaching the end consumers. The major issue, which arises during the transit if seafood is ensuring that the seafood is preserved fresh and damage free till it reaches the final consumer. For this reason, there are huge opportunities in the development of technology both in the industrial and consumer fresh seafood packaging, which would prove efficient and reliable for preserving the seafood from microorganisms. Seafood production is largely impacted by the atmospheric conditions, which leads to instability in the prices of seafood. This is expected to restrain growth of the fresh seafood packaging market.

Key Takeaways:

By application, the fish packaging segment is expected to hold a dominant position in the fresh seafood packaging market. Before consumption, fishes transit through various stages of storage, processing, and distribution in various containers, majority of which might have hygiene issues. Proper packaging of the fresh fish products helps in reducing fat oxidation, reducing dehydration, and also reduces less bacterial spoilage. The use of efficient packaging techniques also helps in preventing odor permeation.

Buy this Report Now (Single User License) @ https://www.coherentmarketinsights.com/insight/buy-now/3016

Competitive Section:

Company Names

Dow DuPont 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
Wipak Oy

Key Developments:

In June 2018, Sealed Air Corporation entered into an agreement with Kuraray America, Inc., a Japan-based chemical company for offering food packaging materials, which are derived from plastic bio-based resins. With this agreement sealed air corporation would provide high quality plastic materials for packaging perishable foods such as seafood, poultry, and beef in the markets of Mexico, Canada, and the U.S.

Market 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.
Canada

Europe

U.K.
Germany
Italy
France
Russia
Rest of Europe

Asia Pacific

China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific

Latin America

Brazil
Argentina
Mexico
Rest of Latin America

Middle East

GCC
Israel
Rest of Middle East

Africa

North Africa
Central Africa
South Africa

Didn't find what you were looking for? Here are some similar Reports:

ON THE GO BREAKFAST PACKAGING MARKET

The global on-the-go breakfast packaging market has witnessed significant growth in recent past years, owing to the growing consumer preferences for convenience food and sustainable packaging solution across the world. Based on material type, the global on-the-go breakfast packaging market is bifurcated into the plastic, paper and others.

FOODSERVICE DISPOSABLES MARKET

The global foodservice disposables market has witness a growth in recent few years, owing to its rising number of online food delivery apps which in turn is resulting the increase in demand for foodservice disposables such as containers, spoons, plates cups and others. Moreover, the rising trend for food delivery at home, owing to the increased customer convenience, is also expected to fuel the growth of global foodservice disposables market.

TEMPERATURE CONTROLLED PACKAGING SOLUTIONS FOR PHARMACEUTICALS MARKET

The global temperature-controlled packaging solutions for pharmaceuticals market has witnessed an increase of demand in recent few years, owing to the rising growth of pharmaceuticals industry in emerging economies. Pharmaceuticals companies are encouraging the usage of temperature-controlled packaging solutions as they provide better performance than conventional insulating materials by reducing the weight and volume of the cold source required and maintaining the thermal conditions according to the requirements.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave.
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

SOURCE Coherent Market Insights