According to Qualiket Research, the Global Fresh Seafood Packaging Market was valued at USD 18.9 billion in2019 which is expected to reach 95.7 billion by 2030 at a CAGR 3.8%.
Fresh seafood is consist high content of various vitamins such as Vit A, Vit D, and B-Complx, zinc, calcium, mineral, and long chain omega 3 fatty acids. Also, seafood is low in calories. Seafood packaging helps to prevent contamination and changes in the biological, physical, and chemical form of food.
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Market Drivers:
Increase in demand for seafood is the main key driving factor which is expected to boost global fresh seafood packaging market growth. Furthermore, increase in awareness about healthy food and hygiene is expected to propel the growth of global fresh seafood packaging industry during this forecast period. Moreover, growing technological developments and innovations will have the positive impact on global fresh seafood packaging market growth. For instance, in February 2020, LidI had launched ocean-bound plastic packaging. It is developed in partnership with Capernus, Sharpak packaging manufacturer and ocean-bound plastic supplier Bantam Materials. Ocean-bound plastic material is used to pack fresh seafood packaging.
Key players:
· SILGAN HOLDINGS INC, MONDI PLC, DUPONT, DS SMITH PLC, COVERIS, SMURFIT KAPPA, SEALED AIR CORPORATION, WESTROCK COMPANY, INTERNATIONAL PAPER COMPANY, and AMCOR PLC.
Market Trends:
1. Rising Demand for Ready-to-Eat Meals: Busy urban lifestyles and growing knowledge of fish as a safe food with high levels of digestible protein are driving the demand for ready-to-eat seafood meals, boosting the need for trays, pouches, and bags in packaging.
2. Increased Awareness of Health Benefits: Growing consumer awareness regarding the health benefits of consuming seafood is contributing to high demand, further boosting market growth.
3. Innovations in Packaging Technologies: Conventional packaging concepts are limited in extending shelf-life, but introducing vacuum and modified atmosphere packaging (MAP) technologies can resolve this issue.
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