The global seafood packaging market is expected to draw a high demand in the foreseeable future due to increasing awareness about health and nutrition and growth of premium, high-end seafoods. According to a report by Transparency Market Research (TMR), titled “Seafood Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” the growth, also on the seafood production front, could be contributed to by rising exports of inexpensive farmed fish from developing countries such as Taiwan, Indonesia, India, and China. Other factors such as increasing worldwide population and disposable income are predicted to set the tone for a valuable growth of the market.
In the present scenario, the seafood supply chain has underwent a change and become complex. Today, one of the toughest hurdles in the supply chain is preservation until farm produced seafoods or sea catches reach consumers. However, there are technologies that could ensure the reliability and efficiency of both consumer and industrial seafood packaging. In order to prevent the deterioration of the quality and shelf life of seafoods, they could immediately be frozen after landing. Price volatility due to atmospheric conditions affecting production, surging demand for transparency, convenience, and traceability, expanding scope of regulations, elevating sea pollution levels, draining seafood stocks, and scams such as Misnaming Scandal could negatively impact the world seafood packaging market.
Nevertheless, improving food choices owing to health concerns are prognosticated to augur well for the world seafood packaging market. Although fruits, vegetables, and dietary supplements are mostly preferred by health-conscious people, seafood could well be at the top of the list of health and wellness foods. In comparison with other types of meat, seafood could be affordable. Besides this, it could be made available in great variety, offer a rich experience to consumers, and provide the much needed nutrients for the human body. Even slower seafood packaging markets such as Europe are forecasted to showcase growth while riding on a few factors such as the snowballing interest in ‘mood food,’ rise of fast casual food service, swelling attractiveness of nutraceuticals and supplements, and growing popularity of data-driven diets and Quantified Self.
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In the near future, matured markets for seafood packaging such as Japan and North America could provide some lucrative business opportunities. The gradual increase in fish farming output in Asia Pacific despite declining sea catch levels is envisioned to open new avenues in the regional market.
Amongst key players in the worldwide seafood packaging market, Visy Industries Holdings Pty Ltd., Smurfit Kappa Group, DuPont (EI) de Nemours, AEP Industries, Inc., and Bemis Company Inc. could make their presence known.