Fresh Seafood Packaging Market Key Drivers, Size, Share, Trends, Growth And Future Scope Analysis By 2023

Summary

Fresh Seafood Packaging Market Information: by Material (Flexible & Rigid Plastic, Paper & Paperboard, Metal, Glass, Others), End-Use (Meat Products, Fruits, Vegetables, Dairy Products, Others), Region - Forecast till 2023

Fresh Seafood Packaging Market - Overview

Fresh Food Packaging is designed to protect foods from the environment and maintain them in proper condition during shipping, distribution, and storage. This packaging plays a vital role in enhancing safety and maintaining the quality of the packaged foods by preventing the growth of microorganisms. Fresh Food Packaging has proven to be far more useful for protecting goods & fresh produces.

Versatile, economical and lightweight, fresh food packaging material is evaluated for its quality to withstand for an extended period. This packaging also provides information about the ingredients, its nutritional value, and instruction to maintain the quality and freshness of the food. The demand for convenient food with longer shelf life has increased the demand for this type of packaging. Resultantly, the fresh food packaging market enjoys extensive traction, worldwide.

Key Players

D.S. Smith Plc. (U.K.), Amcor Limited (Australia), Smurfit Kappa Group (Ireland), Coveris Holdings S.A (U.S.), Mondi Plc. (South Africa), Bemis Company, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Silgan Holdings Inc. (U.S.), International Paper Company (U.S.) and RockTenn Company (U.S.) are some of the prominent players at the forefront of competition in the global Fresh Seafood Packaging Market and are profiled in MRFR Analysis.

Competitive Analysis

Extensive growth in global fresh food packaging market has brought to light that partnerships & collaborations on large scale for sustainable product development and merging & acquisitions of small scale packaging industries by key players, is a key strategy adopted extensively by the players to spread their geographical presence and improve operational efficiencies.

DuPont has many partnership agreements with global companies to establish new production facility as well as developing high technology packaging solutions. For instance, DuPont believe in science and innovation which helps them in sustainability in packaging, optimizing the amount of packaging material used and enabling a futuristic technique where all packaging is recycled or its value is recovers.

Market Segments

Global Fresh Seafood Packaging Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Material : Comprises – Flexible & Rigid Plastic, Paper & Paperboard, Metal, Glass, Others.
Segmentation By End-use : Comprises – Meat Products, Fruits, Vegetables, Dairy Products, Others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World

Regional Analysis

North America is expected to witness the fast growth of fresh food, especially meat, poultry and seafood packaging as the people in the region are more inclined towards convenience products. The demand for fresh food packaging in the region is also expected to be driven, owing to factors such as demographic shifts and increase in global population. In US, demand for fresh food packaging will increase as flexible packaging will continue to outpace rigid types of packaging. The market will majorly be supported by increasing opportunities for high barrier film and pouches. The meat production is also growing, owing to factors such as population expansion, the increasing consumption of meat products as a healthy and natural food and the reduced meat prices.

Factors such as the introduction of active and intelligent packaging solutions by vendors such as Amcor and the growing demand for flexible packaging will boost Fresh Seafood Packaging Market growth in Asia Pacific region during the forecast period. China holds the largest share in Asia Pacific due to growing demand for fresh vegetables and fruits. China meat packaging is expected to show a significant growth during the forecast period, owing to factors such as rise in personal disposable income and rise in consumption of beef, pork and other meat.

On account of favorable socio- economic factors such as changing eating habits, higher purchasing power, urbanization, increasing health consciousness towards protein rich diet India has witnessed an increase in demand for meat and the sector has gained importance in terms of contribution to income, employment and foreign exchange earnings.

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