Global fresh sea food packaging market is expected to witness significant growth in the forecast period due to the growing consumer inclination towards healthy lifestyle. Fresh sea food packaging involves the wrapping of fresh sea food for better preservation. Proper packaging maintains freshness of the food, especially when wrapped with multiple layers of lamination or barrier films. Some packaging options also allow packaged raw or pre-cooked sea foods to be preserved at cold, frozen or room temperatures.
Factors for the growth of fresh sea food packaging market are increasing disposable income of consumers in developing economies, rise in consumer awareness for healthy nutrition, and growing population. Moreover, rising popularity of nutraceuticals and supplements and increase in demand for readily available sea foods is also helping the growth of this market. However, the factors negatively affecting the fresh sea food packaging market is rising levels of sea pollution and strict government regulations for the consumption from several emerging economies.
Growing inclination of consumers towards health and wellness and increasing focus on product launch are emerging trends witnessed in fresh sea food packaging industry. Furthermore, growing collaborations among foodservice providers and manufacturers are expected to offer opportunities in the market.
Market is categorized on the basis of product type, application, and geography. On the basis of product, market is divided into flexible packaging and rigid packaging. Flexible packaging segment is expected to hold maximum share of the market owing to the ease in handling and less material required for manufacturing.
Based on application, market is bifurcated into fresh dried seafood, frozen seafood, and readily available foods. Readily available foods are expected to lead the market due to increasing consumer preference.
Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the market in coming years owing to steady economic growth, increase in demand for sea food, and easy availability of sea foods. North America is also expected to hold maximum share of the market due to flexible rates in the region.
The leading players in fresh sea food packaging market comprise Orora Packaging Australia Pty Ltd, DuPont (EI) de Nemours, AEP Industries Inc, Smurfit Kappa Group, Tri-Mach Group Inc, Cambridge Packing Company, Visy Industries Holdings Pty Ltd, Bemis Company Inc, International Packaging, and Golden Eagle Extrusions, Inc.
Research Support Specialist, USA