Seafood Packaging Market size is anticipated to reach USD 18.09 Billion by the end of 2033, growing at a CAGR of 5% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of seafood packaging was over USD 10.8 Billion. The growth of the seafood packaging market is primarily attributed to the demand for seafood items with better consistency and shelf life. Seafood is a strong source of vitamins, proteins, and minerals, which provides many health benefits. According to the Food and Agriculture Organization (FAO), fish is the most important single source of high-quality protein that provides about 16% of the animal protein.
Long term conservancy of seafood is proficient in a variety of ways. Partial drying and salting are the form of preservation of seafood like herring and mackerel. Fish such as salmon, tuna, and herring are cooked and canned. Edible sea plants such as seaweeds and microalgae are widely eaten as sea vegetable especially in Asia. According to the World Health Organization, the intake of oily fish such as tuna and salmon by the adult population worldwide tends to minimize the risk of coronary heart disease.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
5% |
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Base Year Market Size (2022) |
USD 10,888 Million |
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Forecast Year Market Size (2033) |
USD 18,095 Million |
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Regional Scope |
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Application (Fresh & Frozen, Processed, Ready to Eat)
The seafood packaging market is segmented and analyzed for demand and supply by application into fresh & frozen, processed, and ready-to-eat. Out of which, the fresh & frozen segment is anticipated to hold the largest seafood packaging market size by the end of 2033 on the growing preference for organically farmed seafood among large consumer groups across the world. As per data, over $2.3 billion, or 32.8%, of the total value of Indian seafood, the US received the highest amount. In terms of value, frozen shrimp made up 95% of the total.
Our in-depth analysis of the global seafood packaging market includes the following segments:
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By Material |
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By Product |
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By Packaging |
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By Application |
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By Seafood |
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Asia Pacific Market Forecast
The Asia Pacific seafood packaging market, amongst the market in all the other regions, is projected to hold the largest seafood packaging market share by the end of 2033. The presence of an abundant number of seafood packaging manufacturers in China, India, Japan, and South Korea. As per studies, China is the world’s leading seafood consumer. The country consumes around 20 million metric tons of seafood each year
Amcor VP Sustainability presented at Global Plastics Summit to discuss industry’s move toward circularity. A global leader in developing and producing responsible packaging solutions, was represented today by David Clark, vice president sustainability at Amcor.
ULMA Packaging has taken a step further in our pursuit of sustainable packaging solutions by developing a new model of thermoforming machine to package fresh products in vacuum skin packs on a flat cardboard base.
Author Credits: Sadaf Naaz, Mohd Shadab
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