Seafood Packaging Market Size & Share, by Material (Plastic, Paper & Paperboard, Metal, Glass); Product (Trays, Bags & Pouches, Food Can, Boxes, Shrink Films); Packaging Product (Modified Atmosphere Packaging, Vacuum Skin Packaging); Application (Fresh & Frozen, Processed, Ready to Eat); Seafood Type (Fish, Mollusks, Crustaceans) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 731
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

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.    


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Seafood Packaging Sector: Growth Drivers and Challenges

Growth Drivers

  • Awareness Regarding Health Benefits of Seafood - As per research, seafood provided up to 75% of n-3 PUFAs, 18% of Vitamin D, 19% Vitamin B12, 6% of niacin, and 4% of Vitamin B6 required by the human body.
  • Increasing Demand for Ready-to-Eat Meals – The massive growth in the ready-to-eat food is expected to surge the demand for seafood packaging. ready-to-eat food industry valued at USD 160 million in 2021.
  • Advancement in Packaging Technologies – The demand for packaging, especially flexible packaging is estimated to touch USD from 200 to 220 billion by the end of 2022.
  • Growing Emphasis on Fish and Agriculture Cultivation in both Developing and Developed countries-  According to the UN food and agriculture organization (FAO), 87.5 million tons of aquatic animals were used as human food, as of 2020.Aquatic food production is forecasted to increase by 15% by 2030.

Challenges

  • Increasing Incidence of Food Contamination - Growing regions that are contaminated with human sewage potentially led to the contamination of seafood by pathogens that possess a human source. Calicivirus, hepatitis A virus, and Salmonella type all were responsible for outbreaks of sickness linked to seafood and linked to contaminated waters. About 1.4 million illnesses attributed to foodborne illness are caused by salmonella each year in the United States.
  • Unregulated Processed Products
  • Unhygienic Handling Disrupts the Packaging

Seafood Packaging Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

5%

Base Year Market Size (2022)

USD 10,888 Million

Forecast Year Market Size (2033)

USD 18,095 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Seafood Packaging Segmentation

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:

            By Material

  • Plastic
  • Paper & Paperboard
  • Metal
  • Glass
  • Others

             By Product

  • Trays
  • Bags & Pouches
  • Food Can
  • Boxes
  • Shrink Films
  • Others

             By Packaging

  • Modified Atmosphere Packaging
  • Vacuum Skin Packaging
  • Ready to Eat
  • Others

 

 

             By Application

  • Fresh & Frozen
  • Processed
  • Ready-to-Eat

              By Seafood

  • Fish
  • Molluscs
  • Crustaceans
  • Others

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Seafood Packaging Industry - Regional Synopsis

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

Research Nester
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Companies Dominating the Seafood Packaging Landscape

top-features-companies
    • DS Smith
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ULMA Packaging Inc
    • Printpack pvt ltd
    • Amcor plc
    • Winpak ltd.
    • FFP Packaging ltd.
    • Smurfit Kappa Group plc
    • Crown
    • Sealed Air Corporation
    • Silgan Holdings Inc.

In-the-news

In The News

  • 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


  • Report ID: 731
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing advancement in packaging technologies and demand for ready-to-eat meals are the major factors driving the growth of the seafood packaging market.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

Unregulated food processes and increased incidences of food contamination is the major challenge hindering the market growth of seafood packaging market.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are DS Smith, ULMA Packaging, Printpack, Amcor plc, Winpak ltd, FFP Packaging ltd, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by material, product, packaging product, seafood type, application and by region.

The fresh & frozen segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Seafood Packaging Market Report Scope
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