Seafood Packaging Market Research In-Depth Analysis, Market Applications, Key End-Users Forecasts To 2019 - 2027

 

Rising Consumer Demand for Fresh and High-quality Seafood Products to Aid Market Growth

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.

fa seafood packaging market infographic

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Companies are largely focused on developing innovative seafood packaging solutions that align with regulations laid down by the food and drug administration (FDA). Due to the drawbacks of modified atmosphere packaging and vacuum packaging, the quest for new and innovative techniques as well as improving the current state of seafood packaging continues to gain momentum. Research and development activities have gradually paved the way for improved active packaging and intelligent packaging systems that are increasingly finding a place in the seafood packaging market worldwide. Sustainability is another key area of interest that has drawn the attention of the players in the seafood packaging market. Due to the mounting consumer demand for environmental sustainability, seafood packaging companies are increasingly using environment-friendly recyclable packaging materials. While plastic is expected to lead the material segment of the seafood packaging market during the forecast period, packaging solutions made from alternative materials, including paper & paperboard and metal are set to experience fast-paced adoption in the second half of the assessment period.

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Stakeholders Align Operations with Consumer Demands

Due to the significant progress in the seafood packaging market, consumers across the world have access to an array of seafood products. Consumer requirements continue to witness waves of transition, and seafood packaging companies are expected to align their operations with these demands. The blend of sensory appeal and offering a convenient packaging solution without hindering the quality will continue to drive innovations in the seafood packaging market during the forecast period. In the coming years, seafood packaging companies are likely to focus on developing new packaging solutions that are cost-efficient and at the same time do not harm the environment. While the protein content of seafood will remain a vital factor, consumers are also expected to focus on innovative packaging designs and overall purchasing experience.

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seafood packaging market segmentation

Rising Consumption of Ready-to-eat Meals to Boost Demand for Trays in Seafood Packaging Market

  • The increase in consumption of ready-to-eat meals boosts the demand for seafood packaging solutions worldwide. Ready-to-eat meals are hassle-free to eat, and make it easier to clean the microwave after the cooking process, which is an added advantage. The widespread popularity of ready-to-eat meals, especially seafood-based meals, boosts the need for further innovation in seafood packaging solutions such as trays, pouches, and bags.
  • Trays offer convenience to consumers, enabling them to directly cook food by putting it in an oven or microwave without affecting the integrity and taste of the food. Today, the most commonly used packaging format for seafood packaging is trays as use of such packaging keeps the oven clean. On the back of these factors, consumers are readily attracted to products that are packaged in trays & pouches suitable for microwave ovens. This contributes to the growth of the seafood packaging market.

Modified Atmospheric Technology Gaining Traction in Seafood Packaging Market

  • MAP is a promising technology from a commercial and economic perspective, as use of such packaging solutions protects the product from external contamination and safeguards it against the release of exudations or smells. This has fueled the demand for MAP technology packaging in the seafood packaging market.
  • Major advancements in the application of modified atmospheric packaging and vacuum technology in the conservation of fresh and cooked shell fish have taken place when combined with other conservation treatments or technologies
  • However, vacuum packaging technology is anticipated to outdo other technologies in the seafood packaging market during the forecast period. Packaging converters are using vacuum packaging technology to preserve integrity & freshness of their product. Cost-effectiveness offered by use of this technology is anticipated to further boost the growth of the seafood packaging market.

Packaging Converters to Focus on Offering Multi-layer Pouches & Bags

  • Use of multi-layer pouches enhances the shelf life of perishable products such as fish and scallops. To preserve its quality, seafood must be quickly processed and packed using appropriate formats. Seafood packaging converters are focusing on retort-processed seafood, either packaged in metal cans or newer packing formats such as retort pouches. This is attributable to the fact that such formats are preferred by end-users due to the extended shelf life of the products. Moreover, consumers also prefer such convenient packaging for ready-to-eat food products.
  • Multi-layer packs can be resealed so that the contents of a pack need not be consumed immediately after opening. The increasing trend in the consumption of such retort products and their applications for packaging a wide range of products indicates a bright future for the seafood packaging market.
  • Oven safe bags & pouches offer tremendous growth prospects to players in the seafood packaging market. The value-added concept helps seafood marketers to increase their revenues significantly. The use of such bags minimizes the spread of the distinct fishy smell in the kitchen during the cooking process of fish. It also reduces the risk of various seafood-borne diseases. These attributes attract end-users and enable players in the seafood packaging to present their products in a more distinguished manner.

Packaging

TMR’s market research reports on the packaging sector provides a holistic analysis of evolution of the industry starting from ancient times. The conceptualization of e-commerce, which, today, is the backbone of growth of the packaging sector, and accounts for novel trends in this business sector are discussed at length in our reports. Rapid penetration of next-gen technologies, which has both pros and cons in terms of efficiency and cost respectively are thoroughly discussed in our reports curated for the packaging sector.

TMR has a track record to provide ace market research solutions that has earned us the trust of our clients for their business intelligence needs. Serving 13 industry verticals with a database of over 1,000 reports and 1 million + data points, our expanse to provide market research solutions is exceptional. We deep dive for a thorough understanding of the subject, gather precise information, and then analyze it to present solutions that are par excellence.        

 

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