Global Fish Food Packaging Market – Industry Trends and Forecast to 2029

Fish Food Packaging Market Analysis and Size

As seafood production is expected to increase in the coming years, stakeholders in the fish food packaging market are constantly looking for new ways to preserve freshness and minimise exposure to external factors that hinder the same. As a result, fish food packaging has gained significant traction in recent years, with new technologies being deployed to improve the quality and durability of new packaging solutions.

Data Bridge Market Research analyses that the fish food packaging market was valued at USD 137.23 million in 2021 and is expected to reach the value of USD 227.12 million by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Fish Food Packaging Market Scope and Segmentation

Market Definition

Rigid trays with lidding films, pouches, cartons, aluminium containers, moulded plastic containers, expanded polystyrene containers, and other materials are used in fish food packaging. Modified atmospheric packaging (MAP) is a popular packaging method that helps to extend shelf life.

Fish Food Packaging Market Dynamics

Drivers

• Growing demand for fish food around the world is augmenting market growth

Growing demand for fresh fish food, particularly in the Asia-Pacific region, has compelled fish food packaging market stakeholders to deploy various types of food packaging products, such as food cans, boxes, shrink films, and bags & pouches. Stakeholders in the current market landscape are also focused on providing effective seafood packaging solutions that are suitable for long-distance shipments. These factors and an increase in consumer demand for high-quality fish food products are expected to drive the global fish food packaging market.

• Growing international trades and need for sustainable packaging

Increased trade and business relations among countries as a result of globalization policies ensure significant growth for the fish food packaging market. Government regulations governing the transportation and packaging of goods also positively impact the fish food packaging market. On the other hand, manufacturers in the food industry are increasingly focusing on providing sustainable packaging machinery in order to reduce material consumption and increase shelf life. During the forecast period, this is expected to drive the growth of the fish food packaging market.

Opportunities

Over the last decade, technological advancements in packaging have paved the way for new cost-effective and highly reliable packaging solutions. The development of new fish food packaging alternatives aims primarily to reduce enzymatic reactions and improve the perishability of seafood products. At the moment, key players in the seafood packaging market prefer modified atmosphere packaging (MAP) and vacuum skin packaging.

Restraints

Strict rules and regulations imposed by several governments for the packaging and transportation of fresh fish food will limit the growth of the fish food packaging market during the forecast period.

This fish food packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fish food packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Fish Food Packaging Market

During the initial COVID-19 outbreak in 2020, government restrictions and consumer concerns about eating outside food boosted the ready-to-eat foods segment. Due to the pandemic, consumer behaviour changed, and packaged foods were preferred over restaurant food due to their safety and hygiene. Furthermore, customers have chosen to purchase their items through channels other than those they used prior to the pandemic. During the pandemic's initial phase, overall e-commerce levels increased. Following the shift from offline to online and the introduction of new online shopping experiences with multiple touch points for consumers, online goods and services increased, benefiting food sales.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Fish Food Packaging Market Scope

The fish food packaging market is segmented on the basis of type, product, material and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Flexible
• Rigid

Product

• Containers
• Boxes
• Pouches
• Bags
• Cans
• Bottles
• Trays
• Others

Material

• Metal
• Glass & Wood
• Paper & Paperboard
• Plastics
• Others

Application

• Frozen Fish Food
• Fresh Fish Food
• Dried Fish Food
• Others

Fish Food Packaging Market Regional Analysis/Insights

The fish food packaging market is analysed and market size insights and trends are provided by country, type, product, material and application as referenced above.

The countries covered in the fish food packaging market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Due to rising population, per capita income, and demand in emerging economies such as India, Japan, and China, Asia-Pacific dominates the fish food packaging market. North America is expected to grow from 2022 to 2029 due to a thriving retail sector, high consumer consumption of packaged food, and the presence of a large number of manufacturers in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fish Food Packaging Market Share Analysis

The fish food packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fish food packaging market.

Some of the major players operating in the fish food packaging market are:

• Syntegon Technology GmbH (Germany)
• Coesia S.P.A (Italy)
• GEA Group Aktiengesellschaft (Germany)
• MULTIVAC Group (Germany)
• IMA Group (U.S.)
• Krones AG (Germany)
• Tetra Laval Group (Switzerland)
• OPTIMA Packaging Group GmbH (Germany)
• ARPAC LLC (U.S.)
• Ishida Co. Ltd (Japan)
• Omori Machinery Co. Ltd. (Japan)
• TNA Solutions Pty Ltd. (Australia)

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