Seafood Packaging Market Recent Innovations and Sustainability Efforts

Seafood Packaging Market Size, Share and Growth Forecast (2023-2032)

The global seafood packaging market was valued at USD 13.95 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2032. By 2032, the market is projected to reach approximately USD 24.31 billion.

Seafood Packaging Market Statistics 2023 To 2032

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Seafood is a vital global commodity, but its quality can decline due to several factors, including autolysis, biogenic amine formation, oxidation of proteins and lipids, melanosis, and microbial degradation. To combat these issues, effective packaging technologies play a crucial role in preserving seafood quality after harvest. Understanding how packaging can prevent spoilage is essential for maintaining seafood standards.

In 2022, the global fishery market was expected to grow by 13% in value and 4.7% in volume. This growth was also supported by a predicted increase of 4.9 million tons in production from 2020 to 2022. Before July 2021, the prices of fishery products, including shrimp, remained stable. However, after August 2021, prices started to rise due to higher freight costs, with shipping from Asia to North America and Europe reaching between $0.80 and $0.90 per kilogram.

Processed seafood, which is convenient for consumers as ready-to-eat meals or snacks, has gained significant popularity. These products often come with clear reheating instructions, usually for microwave preparation. The demand for frozen packaged foods was expected to grow at a Compound Annual Growth Rate (CAGR) of 6.98% from 2022 to 2028. A notable surge of 15.25% in 2020 was primarily driven by panic buying at the start of the COVID-19 pandemic.

Maintaining the cold chain is crucial for preserving the quality of seafood throughout distribution, requiring careful attention to packaging and shipping containers. Seafood’s nutritional value, flavor, and aroma continue to drive strong market demand. Global seafood production is increasing, showing that consumers are increasingly turning to packaged seafood.

The aquaculture sector is projected to grow by about 18% in the next decade, according to the Food and Agriculture Organization (FAO). This growth is supported by increased investments in fisheries management, pollution control, and improvements in shipping processes. These efforts reflect the industry’s commitment to sustainability and meeting growing consumer demand for seafood.

Advancements in packaging technology have significantly improved seafood quality. New packaging solutions focus on extending shelf life by incorporating active, intelligent, and modified atmosphere packaging, as well as insulator packaging. Active packaging helps prevent seafood degradation by slowing microbial growth and oxidation. Intelligent packaging monitors seafood freshness by detecting changes in acidity, ammonia levels, or biogenic amines. Insulator packaging ensures temperature control during the cold chain process.

Active packaging is becoming more common in the market, with it making up about 1.5% of the total packaging market in the United States. The slower pace of its adoption reflects the need for regulatory compliance and safety considerations in its commercial development.

Recent Developments

May 10, 2023: At the Interpack event, ProAmpac and Stora Enso introduced an innovative sustainable packaging solution for fish and meat products designed to eliminate unpleasant odors. This development is important for the food packaging industry, where maintaining product quality and sensory appeal is key. The collaboration between ProAmpac and Stora Enso aims to offer packaging that not only preserves the freshness of fish and meat but also promotes sustainability. This partnership highlights how technological advancements and collaboration can address critical challenges in packaging.

May 4, 2023: Fish Said Fred, a company specializing in fish products, has revamped its packaging to emphasize sustainability and improve accessibility. This move reflects the company’s commitment to environmentally friendly practices while ensuring that its products are easily available to a wide range of consumers. The updated packaging highlights the brand’s focus on both environmental responsibility and meeting diverse consumer needs, showing a thoughtful approach to packaging design.

July 25, 2022: Grounded Packaging introduced an innovative sustainable packaging solution specifically designed for seafood, featuring a “no-contact” approach. This development emphasizes the company’s commitment to sustainability while addressing the unique challenges of the seafood industry. By reducing direct contact with seafood, Grounded Packaging aims to preserve product quality and safety while adhering to eco-friendly practices. This solution reflects the company’s proactive efforts to create packaging that meets industry needs and broader environmental concerns.

April 4, 2022: The Bumble Bee Seafood Company marked a significant milestone by transitioning to paperboard cartons for multipack canned products, making their packaging 98% recyclable. This shift demonstrates the company’s commitment to sustainability and responsible packaging practices. By adopting paperboard cartons, Bumble Bee Seafood is reducing its environmental impact and increasing the recyclability of its packaging. This move highlights the company’s dedication to innovative, eco-friendly packaging solutions that meet consumer demands and industry sustainability goals.

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