Seafood Packaging Market Emerging Trends And Strong Application Scope
According to the Food and Agriculture Organization (FAO), fish production is set to grow by around 18% in the next 10 years. Investments in the seafood production sector continue to pour in to strengthen fisheries management regimes, minimizing waste, and mitigate losses during transportation. As seafood production is set for inevitable growth in the coming years, stakeholders in the seafood packaging market are continually finding new ways to preserve the freshness of fresh products and minimize exposure to external factors that hinder the same. Seafood packaging has thus, gained a significant amount of traction in recent years, wherein new technologies are being deployed to improve the quality and durability of new packaging solutions.At present, modified atmosphere packaging
and vacuum packaging technology are increasingly being used for seafood packaging. In the current scenario, the growing demand for fresh seafood, particularly in the Asia Pacific region has compelled stakeholders in the seafood packaging market landscape to deploy different types of seafood packaging products, including food cans, shrink films, boxes, and bags & pouches. Stakeholders in the current market landscape are also focused on offering effective seafood packaging solutions that are ideal for shipments across large distances. These factors coupled with a significant rise in consumer demand for high-quality seafood products is expected to drive the global seafood packaging market past ~US$ 6.5 Bn by the end of 2027.
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Innovations in Packaging Technologies to Trigger Market Growth
Over the past decade, technological advancements in the packaging sector have opened the gates for new packaging solutions that are cost-effective and highly reliable. The development of new packaging alternatives in the seafood space, primarily aim to curb enzymatic reactions and improve the perishability of seafood products. At present, key participants of the seafood packaging market predominantly favor modified atmosphere packaging (MAP) and vacuum skin packaging. However, shortcomings of both these packaging technologies continue to pose a major challenge for seafood packaging companies. Moreover, due to the progress in vacuum packaging and modified atmosphere packaging, consumers can physically inspect the quality of the product-a direct influence on the purchase decisions of consumers.
While seafood products packaged using modified atmosphere packaging tend to soil after 15-20 days; on the other hand, vacuum skin packaging continues to incur heavy costs and is not ideal for long-distance transportation. Although the vacuum packaging technology will continue to dominate the seafood packaging market during the forecast period, alternative packaging technologies are gaining popularity.