Seafood Packaging Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032

Description

The Global Seafood Packaging Market, valued at USD 16.3 billion in 2023, is projected to expand at a CAGR of 5.8% from 2024 to 2032. This growth is fueled by the rising demand for packaging solutions that ensure seafood quality, convenience, and compliance with stringent food safety standards. As the seafood industry scales, there is a significant shift toward advanced packaging technologies that extend shelf life and preserve freshness, meeting the increasing consumer demand for high-quality, fresh seafood. Packaging innovations that retain seafood's flavor, texture, and nutritional value are becoming essential for retailers and suppliers, as these solutions attract consumers and help reduce food waste.

Emerging technologies like smart packaging and modified atmosphere packaging (MAP) offer promising opportunities for the industry. Smart packaging provides real-time data on freshness, temperature, and contamination, enhancing quality assurance and extending shelf life. Meanwhile, MAP helps maintain seafood freshness by controlling oxygen and moisture levels, ultimately reducing waste. However, environmental concerns related to packaging materials pose a significant restraint in this market.

In terms of materials, the market is segmented into plastic, paper, metal, and others, with plastic packaging leading the segment, holding a 55% market share in 2023. The continued dominance of plastic packaging is driven by its versatility, durability, and cost-effectiveness. Plastic options, including flexible films, trays, and vacuum-sealed pouches, offer excellent barriers against moisture and contaminants, ideal for preserving seafood quality during transport and storage. Additionally, the lightweight nature of plastic reduces transportation costs and fuel consumption, further bolstering its widespread use in the industry.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$16.3 Billion
Forecast Value	$26.9 Billion
CAGR	5.8%

Based on application, the seafood packaging market is segmented into fresh & frozen and processed seafood, with the fresh & frozen segment projected to grow at 6.2% CAGR to reach USD 15 billion by 2032. This segment is increasingly focused on maintaining product quality and meeting sustainability demands. Technologies like MAP and vacuum-sealed pouches are popular for extending shelf life and preventing spoilage by regulating oxygen levels. For frozen seafood, high-barrier films inhibit freezer burn, while breathable films for fresh seafood allow airflow while retaining freshness.

North America led the market with a 20% share in 2023, largely due to strong consumer demand for convenience and fresh, high-quality seafood. As consumers show greater interest in ready-to-eat and pre-portioned seafood, packaging solutions that ensure freshness and extended shelf life, such as vacuum sealing and MAP, are in high demand. Additionally, with a growing emphasis on food safety and traceability, smart packaging features like QR codes and RFID are increasingly integrated, providing consumers with transparency regarding the product's source and freshness.

Product Code: 12249

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Disruptions
- 3.1.3 Future outlook
- 3.1.4 Manufacturers
- 3.1.5 Distributors
3.2 Profit margin analysis
3.3 Key news & initiatives
3.4 Regulatory landscape
3.5 Impact forces
- 3.5.1 Growth drivers
  - 3.5.1.1 Rising demand for frozen and convenience seafood products
  - 3.5.1.2 Growing focus towards improving shelf life and freshness preservation
  - 3.5.1.3 Advancements in packaging technologies
  - 3.5.1.4 Sustainability and eco-friendly packaging solutions
  - 3.5.1.5 Changing consumer preferences and product diversification
- 3.5.2 Industry pitfalls & challenges
  - 3.5.2.1 Environmental impact of packaging materials
  - 3.5.2.2 Technological integration and cost barriers
3.6 Growth potential analysis
3.7 Porter's analysis
3.8 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Material, 2021-2032 (USD Billion & Kilo Tons)

5.1 Key trends
5.2 Plastic
5.3 Paper
5.4 Metal
5.5 Others

Chapter 6 Market Estimates & Forecast, By Type, 2021-2032 (USD Billion & Kilo Tons)

6.1 Key trends
6.2 Vacuum packaging
6.3 Modified atmosphere packaging (MAP)
6.4 Others

Chapter 7 Market Estimates & Forecast, By Product, 2021-2032 (USD Billion & Kilo Tons)

7.1 Key trends
7.2 Trays
7.3 Bags and pouches
7.4 Cans
7.5 Boxes
7.6 Shrink films
7.7 Others

Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion & Kilo Tons)

8.1 Key trends
8.2 Fresh and frozen
8.3 Processed

Chapter 9 Market Estimates & Forecast, By Seafood, 2021-2032 (USD Billion & Kilo Tons)

9.1 Key trends
9.2 Fish
9.3 Molluscs
9.4 Crustaceans
9.5 Others

Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion & Kilo Tons)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE

Chapter 11 Company Profiles

11.1 Amcor
11.2 Berry Global
11.3 Disruptive Packaging
11.4 DS Smith
11.5 Genpack
11.6 KM Packaging
11.7 Nelipak Food Packaging
11.8 O F Packaging
11.9 Orora Packaging Australia
11.10 Printpack
11.11 ProAmpac
11.12 Sealed Air
11.13 Smurfit Kappa
11.14 Sonoco Products
11.15 StarBox
11.16 Stora Enso
11.17 Tri-pack Packaging Systems
11.18 ULMA Packaging
11.19 WestRock