Sea Food Packaging Market Trends and Forecast
The future of the global sea food packaging market looks promising with opportunities in the fish packaging and shrimp packaging markets. The global sea food packaging market is expected to reach an estimated $24.7 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are increased demand for seafood worldwide, growing focus on eco-friendly & recyclable packaging solutions, and rising demand for efficient & reliable packaging.
• Lucintel forecasts that rigid packaging is expected to witness the higher growth over the forecast period.
• Within this market, fish packaging is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Sealed Air Corporation launched eco-friendly packaging options, targeting a 50% reduction in virgin plastic by 2025.
Norway: Lerøy Seafood Group introduced fully recyclable packaging solutions, aiming to enhance sustainability across its product lines.
Japan: Nippon Suisan Kaisha (Nissui) announced a partnership to develop biodegradable packaging, aligning with government sustainability goals.
China: China National Fisheries Corporation set targets to increase the use of smart packaging technologies to ensure product quality and traceability.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sea Food Packaging by Segment
The study includes a forecast for the global sea food packaging by type, application, and region.
Sea Food Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Rigid Packaging
• Flexible Packaging
Sea Food Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Fish Packaging
• Shrimp Packaging
• Others
Sea Food Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sea Food Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sea food packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sea food packaging companies profiled in this report include-
• CoolSeal USA
• DuPont USA
• Frontier Packaging
• Sealed Air
• Star-Box
• Key Container
• Rengo Packaging
Recent Development in the Sea Food Packaging Market
Sealed Air Corporation: Launched a new line of sustainable packaging solutions designed to reduce plastic waste. The initiative focuses on using recycled materials and aims to achieve a 50% reduction in the use of virgin plastics by 2025.
Lerøy Seafood Group: Introduced fully recyclable packaging for their seafood products. This initiative is part of LerøyÄX%$%Xs broader commitment to environmental sustainability, aiming to minimize the environmental footprint of its packaging processes.
Nippon Suisan Kaisha (Nissui): Announced a partnership with a biodegradable materials manufacturer to develop new packaging solutions. This collaboration aligns with JapanÄX%$%Xs national goals for reducing plastic waste and promoting environmentally friendly packaging alternatives.
Amcor plc: Developed high-barrier recyclable packaging specifically for seafood products. This new packaging solution not only ensures product freshness and safety but also supports Amcor’s pledge to make all its packaging recyclable or reusable by 2025.
China National Fisheries Corporation: Set ambitious targets to incorporate smart packaging technologies that improve product traceability and quality control. These advancements are aimed at enhancing consumer confidence and meeting stringent food safety standards in the Chinese market.
Features of the Global Sea Food Packaging Market
Market Size Estimates: Sea food packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sea food packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Sea food packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the sea food packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sea food packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sea food packaging market size?
Answer: The global sea food packaging market is expected to reach an estimated $24.7 billion by 2030.
Q2. What is the growth forecast for sea food packaging market?
Answer: The global sea food packaging market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sea food packaging market?
Answer: The major drivers for this market are increased demand for seafood worldwide, growing focus on eco-friendly & recyclable packaging solutions, and rising demand for efficient & reliable packaging.
Q4. What are the major segments for sea food packaging market?
Answer: The future of the sea food packaging market looks promising with opportunities in the fish packaging and shrimp packaging markets.
Q5. Who are the key sea food packaging market companies?
Answer: Some of the key sea food packaging companies are as follows:
• CoolSeal USA
• DuPont USA
• Frontier Packaging
• Sealed Air
• Star-Box
• Key Container
• Rengo Packaging
Q6. Which sea food packaging market segment will be the largest in future?
Answer: Lucintel forecasts that rigid packaging is expected to witness the higher growth over the forecast period.
Q7. In sea food packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sea food packaging market by type (rigid packaging and flexible packaging), application (fish packaging, shrimp packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Sea Food Packaging Market Market, Sea Food Packaging Market Market Size, Sea Food Packaging Market Market Growth, Sea Food Packaging Market Market Analysis, Sea Food Packaging Market Market Report, Sea Food Packaging Market Market Share, Sea Food Packaging Market Market Trends, Sea Food Packaging Market Market Forecast, Sea Food Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.