Global Fresh Seafood Packaging Market was valued at USD 18.9 billion in2019 which is expected to reach 95.7 billion by 2027 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.
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.
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However, stringent government rules and regulations regarding the raw material used for packaging is the restraining factor which is expected to hamper the global fresh seafood packaging market growth.
Impact of Covid 19 on Market
Reduced consumption of fresh seafood is also considerable factor for the fresh seafood packaging market. Hence, on the back of these aspects COVID 19 outbreak cloud decline the growth of global fresh seafood packaging market.
Global Fresh Seafood Packaging Market is segmented into material such as Polypropylene, Polyethylene, Aluminum Paper, PVC, and BOPET, by pack type such as Gusseted Bags, Flexible Paper, Converted Roll Stock, Corrugated Box, Boxboard, and Cans.
Also, Global Fresh Seafood Packaging Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa,
Market Key Players
Various key players are discussed in this report such as SILGAN HOLDINGS INC, MONDI PLC, DUPONT, DS SMITH PLC, COVERIS, SMURFIT KAPPA, SEALED AIR CORPORATION, WESTROCK COMPANY, INTERNATIONAL PAPER COMPANY, and AMCOR PLC.
- Aluminum Paper
By Pack Type
- Gusseted Bags
- Flexible Paper
- Converted Roll Stock
- Corrugated Box
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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