Fresh Seafood Packaging Market, By Material Type (Plastic, Paper, Metal, and Others (Wood, Glass, and Others)), By Product Type (Boxes, Bags, Pouches, Films, and Others (Cans, Trays, and Others)), By Application (Fish Packaging, Crustaceans Packaging, Molluscs Packaging, and Others (Jelly Fish and Others )), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jun 2023

Code : CMI3016

Pages :155

Formats :

Excel and PDF

Industry : Packaging

Fresh Seafood Packaging MarketSize and Trends

Fresh seafood packaging market was valued at US$ 14.6 Bn in 2022 and is expected to reach US$ 23.3 Bn by 2030, exhibiting a CAGR of 6.0% over the forecast period. Increasing consumer awareness about the consumption of fresh seafood, which fulfills the safety standards is expected to generate opportunities for the development of new packaging solutions for fresh seafood. The rising adoption of modified atmospheric packaging is also expected to generate new growth opportunities for fresh seafood packaging. Modified atmospheric packaging helps in preserving the shelf life of the products. Moreover, innovative production of recyclable and thermal packaging solutions is expected to drive the growth of the fresh seafood packaging market.

In terms of Application, the market is bifurcated into fish, molluscs, crustaceans, and others. The increasing demand for processed and raw fish for applications such as food processing, hotels, restaurants, processed food manufacturing companies, animal feed, and others is boosting the fish segment growth. Additionally, the adoption of seafood in diet attributed to the nutritional value of fish is positively impacting the market growth. The molluscs segment is expected to expand rapidly due to the increasing demand for scallops, oysters, squids, octopuses, and clams. Crustaceans like shrimps, prawns, crabs, lobsters, and crayfish are used in making exotic dishes. Shifting preferences of consumers towards seafood are likely to boost segment growth.

Market Trends

Innovative packaging solutions, government initiatives promoting healthy eating habits, and increasing consumer demand for fresh, nutritious products are driving the market.