Seafood Packaging Market Growth 2023, Rising Trends, Scope, COVID-19 Impact on Industry, Challenges and Future Opportunities, Forecast 2033: SPER Market Research
Seafood is characterized as a nutrient-rich food with low calorie content, boasting high levels of vitamins (such as B-complex, A, and D), essential minerals like zinc and calcium, and valuable long-chain omega-3 fatty acids. To preserve its quality and safety, appropriate packaging of fresh seafood is crucial, as it effectively shields the food from contamination while maintaining its chemical, biological, and physical properties.
According to SPER market research, ‘Seafood Packaging Market Size- By Product Type, By Material Type, By Packaging Technology, By Application, By Seafood Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Seafood Packaging Market is predicted to reach USD 28.85 billion by 2033 with a CAGR of 5.33%.
The growth of the seafood packaging market is driven by several factors, including the increased production and trading of seafood, growing consumer awareness of consuming fresh seafood, and the adoption of modified atmospheric packaging. Additionally, innovative developments in recyclable and thermal packaging solutions, along with rising awareness of healthy food choices among consumers, contribute to the market’s expansion. Furthermore, technological advancements, modernization in packaging techniques, and ongoing research and development efforts are expected to create new opportunities for the seafood packaging market during the forecast period.
However, there are several factors that hinder the growth and development of the seafood packaging market. Microorganisms are the main culprits responsible for spoilage in seafood products, with specific bacteria known as Unique Spoilage Organisms (SSOs) contributing to aggressive off-flavors. Spoilage occurs when the sensory properties of food change, rendering it unsuitable for consumption. Seafood is particularly vulnerable to microbial decay if not handled and stored properly. Packaging companies are adapting to regulations to prevent degradation and misinformation in the supply chain. Improperly prepared or processed products may face microbiological contamination and cross-contamination. Seafood is at risk of unhygienic handling during manufacturing and packing, subpar storage conditions, temperature fluctuations, and the use of preservatives.
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The suspected origin of the novel coronavirus was in a seafood and wildlife market in Wuhan, China, last year. The global seafood industry has been severely affected by COVID-19, with canceled orders, delayed shipments, and financial challenges. The pandemic disrupted foreign trade, leading to sanctions and logistical problems. Some countries’ lockdowns further hampered seafood trade with transportation and border restrictions. While wild fish populations may temporarily benefit from decreased demand, aquaculture faces issues with unsold production, resulting in higher costs and fish mortality risks. Moreover, China’s detection of the virus on frozen seafood packaging has impacted sales negatively, given its significant role in seafood production.
Geographically, the seafood packaging market is predominantly led by the Asia-Pacific region, driven by increased seafood production and trading, consumer awareness of fresh seafood consumption, and the adoption of modified atmospheric packaging. North America is also expected to experience significant growth due to similar factors. Additionally, some of the market key players are Amcor plc, Crown Packaging, Printpack, Sealed Air, Smurfit Kappa, WINPAK LTD., Others.
Seafood Packaging Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type: Based on the Product Type, Global Seafood Packaging Market is segmented as; Bags & Boxes, Cans, Films, Jars, Trays, Others Compressors.
By Material Type: Based on the Material Type, Global Seafood Packaging Market is segmented as; Glass, Metal, Paper & Paperboard, Plastic, Others.
By Packaging Technology: Based on the Packaging Technology, Global Seafood Packaging Market is segmented as; Modified Atmospheric Packaging (MAP), Retort Packaging, Vacuum Packaging Gas.
By Application: Based on the Application, Global Seafood Packaging Market is segmented as; Crustaceans Packaging, Fish Packaging, Molluscs Packaging, Others.
By Seafood Type: Based on the Seafood Type, Global Seafood Packaging Market is segmented as; Crustaceans, Fish, Molluscs, Others.
By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.
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Seafood Packaging Market Outlook
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