Press release
Global Seafood Packaging Market on Course to USD 6.5 billion by 2027 - TMR Study
Seafood Packaging Market 2023-2027
Executive Summary
The global seafood packaging market is a dynamic and evolving sector driven by the growing demand for seafood products, changes in consumer preferences, and the need for innovative, sustainable packaging solutions. This research report provides a comprehensive analysis of the global seafood packaging market, covering market size, trends, drivers, challenges, and future outlook.
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Key Players
Key players in the seafood packaging market include packaging manufacturers, seafood processors, retailers, and environmental organizations promoting sustainable packaging.
Some prominent organizations in this market include:
• Amcor Limited
• Sealed Air Corporation
• Berry Global, Inc.
• DuPont de Nemours, Inc.
• Bemis Company, Inc.
• Smurfit Kappa Group
• Mondi Group and many more
Recent Developments:
Here are some recent developments of companies in the global seafood packaging market,
year: 2023 -
• Amcor: Launched its new seafood packaging solution, Amcor EcoLite. EcoLite is a lightweight, recyclable packaging solution that uses 50% less plastic than traditional seafood packaging.
• SIG: Announced the launch of its new paper-based seafood packaging solution, SIG PaperWise. PaperWise is a sustainable packaging solution that is made from renewable materials and is recyclable.
Year: 2022 -
• Smurfit Kappa: Announced the launch of its new sustainable seafood packaging solution, Smurfit Kappa PaperSeal. PaperSeal is a paper-based packaging solution that is coated with a water-based barrier to protect seafood from moisture and oxygen.
• Bumble Bee Seafood Company: Announced that it is transitioning to paperboard cartons for multipack can products. This move is designed to reduce the company's environmental impact and make its packaging more recyclable.
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Market Segmentation
The seafood packaging market can be segmented based on various criteria, including packaging type, material, application, and region:
• Packaging Type: Packaging options include rigid packaging (e.g., cans and trays), flexible packaging (e.g., pouches and bags), and sustainable alternatives.
• Material: Packaging materials encompass plastics, paper, metals, and biodegradable or compostable materials.
• Application: Seafood packaging is used for fresh, frozen, and processed seafood products for retail and foodservice markets.
• Region: The market spans regions such as North America, Europe, Asia-Pacific, and Latin America.
Market Drivers
Several factors are driving the growth of the seafood packaging market, including:
• Consumer Demand: Increasing consumer demand for convenient, safe, and sustainable seafood packaging.
• Food Safety: The importance of food safety, quality, and shelf life extension in seafood products.
• Sustainability Initiatives: Environmental concerns driving the adoption of eco-friendly packaging materials.
Challenges
The seafood packaging market faces certain challenges, such as:
• Sustainable Packaging Costs: Balancing the cost of sustainable packaging materials with economic feasibility.
• Packaging Waste: Addressing concerns related to plastic and packaging waste in the seafood industry.
• Supply Chain Complexity: Managing the complexities of the global seafood supply chain and ensuring packaging integrity.
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Market Opportunities
Opportunities in the seafood packaging market include:
• Sustainable Innovation: Developing and adopting sustainable packaging solutions to meet environmental goals.
• E-commerce Growth: Meeting the packaging needs of the growing e-commerce seafood market.
• Value-Added Packaging: Offering value-added packaging with features like convenience, portion control, and recipe suggestions.
Future Outlook
The global seafood packaging market is expected to continue growing as the demand for seafood products, food safety requirements, and sustainability concerns persist. The market's future will be influenced by factors such as technological advancements in packaging, changes in consumer preferences, and the expansion of sustainable packaging practices.
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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