1. What is the projected Compound Annual Growth Rate (CAGR) of the Seafood Packaging Market?
The projected CAGR is approximately 5.35%.
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Seafood Packaging MarketSeafood Packaging Market by Material (Plastic, Paper, Metal, Others), by Product Type (Trays, Bags & Pouches, Cans, Boxes, Shrink Films, Others), by Packaging Technology (MAP, Vacuum Skin Packaging, Others), by Application (Fresh & Frozen, Processed), by Seafood Type (Fish, Molluscs, Crustaceans, Others), by North America (U.S., Canada), by Europe (Germany, France, U.K., Italy, Spain, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa, Rest of the Middle East and Africa) Forecast 2026-2034
The Seafood Packaging Marketsize was valued at USD 17.41 USD Billion in 2023 and is projected to reach USD 25.07 USD Billion by 2032, exhibiting a CAGR of 5.35 % during the forecast period. Seafood packaging is the way in which the products are packed and protected from the external milieu to be marketed for consumption. These packaging solutions aim at preserving the value additions and quality of the production of seafood from the point of production or processing up to the consumer’s table. The characteristics of packaging used in seafood are normally the ability to endure the outside conditions and not be affected by moisture or smells that are inclined to spoil the food products. Preventing the exposure of fresh seafood to oxygen and the introduction of ice to frozen seafood are important factors in seafood packaging. Methods used include vacuum packing and the use of foam trays and shrink wraps, which are typically used to pack fresh seafood while frozen seafood is packed in sealed plastic bags or containers. The benefits of good packaging for fish include prolonging their shelf life, enhancing the appearance of the fish in the market, and diminishing the chances of the growth of bacteria and other contaminants on the fish.
Material:
Product Type:
Packaging Technology:
Application:
Seafood Type:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.35% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.35%.
Key companies in the market include Amcor plc (Australia), Crown Packaging (U.S.), Sealed Air (U.S.), WINPAK LTD. (Canada), Smurfit Kappa (Ireland), DS Smith (U.K.), Silgan Holdings Inc. (U.S.), SIRANE GROUP (U.K.), Printpack (U.S.), FFP Packaging Ltd. (U.K.).
The market segments include Material, Product Type, Packaging Technology, Application, Seafood Type.
The market size is estimated to be USD 17.41 USD Billion as of 2022.
Increased Awareness of the Health Benefits of Seafood to Drive the Market.
Rising Demand of Ready-to-eat Meals to Boost Use of Trays in Target Market.
Increasing Instances of Food Contamination to Limit Market Adoption.
August 2022 - Iceland announced the partnership with Parkside to replace the LDPE bag for the company's product portfolio of frozen seafood with a recyclable paper pouch. The pouch features water-based coatings, which further break down during re-pulping.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Seafood Packaging Market," which aids in identifying and referencing the specific market segment covered.
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