Frozen Seafood Packaging Market Analysis

Global Frozen Seafood Packaging Market Overview

Frozen Seafood Packaging Market Size was valued at USD 15.2 Billion in 2022. The Frozen Seafood Packaging industry is projected to grow from USD 16.1 Billion in 2023 to USD 25.68 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2032). The Rapid product development initiatives and marketing endeavors undertaken by frozen food companies, coupled with the growing recognition of the nutritional benefits associated with frozen fruits and vegetables, and the provision of tailored packaging solutions for diverse frozen food product variants and sizes are expected to be a significant market driver for the Frozen Seafood Packaging Market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Frozen Seafood Packaging Market Trends

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  Growth in the organized retail chain and rapid packaging innovations are driving the market growth

  
  

Market CAGR for Frozen Seafood Packaging is being driven by the growth in the organized retail chain and Rapid packaging innovations. The predominant consumer base for frozen food products exhibits a preference for large retail stores, supermarkets, and hypermarkets, with organized retail stores playing a pivotal role within global markets. The expansion of organized retail chains directly correlates with the escalating demand for food packaging solutions in the frozen food industry. Notably, major players like Walmart, with over 11,000 worldwide stores, and Amazon, aiming to launch more than 3,000 cashier-less stores by 2021, contribute to the thriving frozen food packaging market. Consumers' shift towards frozen food is also driven by environmental considerations, as evidenced by a study in the British Food Journal indicating a 47% reduction in family food waste through the adoption of frozen food.

Significant advancements in packaging innovations have left a profound impact on the frozen food industry, enhancing consumer experiences. Manufacturers continually explore novel materials, technologies, and designs to elevate the quality, safety, and convenience of frozen food packaging. Innovative materials, such as advanced films and laminates with heightened barrier properties, ensure optimal insulation and protection against moisture, air, and odors, preserving the integrity of frozen food products. Techniques like vacuum sealing and modified atmosphere packaging (MAP) extend shelf life and minimize food waste. Additionally, packaging options designed to be microwave-safe and oven-safe offer added convenience, allowing consumers to cook frozen meals directly in the packaging, saving both time and effort. Portion-controlled and single-serving packaging aligns with the preferences of busy individuals seeking quick and convenient meal solutions. As a result, it is anticipated that throughout the projection period, demand for the Frozen Seafood Packaging Market will increase due to the Deteriorating quality of water resources leading to water-related diseases and Soaring Innovations in Frozen Seafood Packaging. Thus, driving the Frozen Seafood Packaging Market revenue.

Frozen Seafood Packaging Market Segment Insights:

Frozen Seafood Packaging Market Type Insights

The Frozen Seafood Packaging Market segmentation, based on Type includes Flexible Packaging and Rigid Packaging. The flexible packaging segment dominated the market, accounting for 58% of market revenue. The seafood delivery packaging market is predominantly influenced by the substantial presence of flexible packaging, attributed to its utilization of a diverse range of packaging materials. Flexible packaging options, designed for easy cooking, feature adaptable steam valves that empower customers to steam and prepare chilled food conveniently. To align with environmental concerns, packaging manufacturers are incorporating eco-friendly materials to create pouches capable of directly cooking frozen food in the microwave.

Figure 1: Frozen Seafood Packaging Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Frozen Seafood Packaging Market Application Insights

The Frozen Seafood Packaging Market segmentation, based on Application includes Frozen Fish, Frozen Shrimp, Frozen Shellfish, and Others. The Frozen Fish segment dominated the market, accounting for 58% of market revenue. The heightened demand for frozen fish is driven by its widespread global consumption, an increasing population prioritizing health-conscious choices, and the growing preference for chemical-free fish with extended shelf lives. Furthermore, the substantial contributions from industrial fishing and the expanding fish farming industry play a pivotal role in fueling this demand.

Frozen Seafood Packaging Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the Frozen Seafood Packaging market in North America can be attributed to several key factors. North America is poised to be a primary revenue driver in the frozen seafood packaging market, primarily fueled by a growing seafood consumption trend and advancements in packaging solutions. The region's residents exhibit extensive consumption of fish, and the surge in seafood exports has led to an increased demand for frozen packaging products. Plastic flexible bags and trays with overwraps emerge as widely adopted packaging solutions for the transportation of frozen seafood in this market.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: FROZEN SEAFOOD PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Frozen Seafood Packaging Market accounts for the second-largest market share as Europe is poised for substantial growth, fueled by the increasing consumption of fish as a preventive measure against heart disease. The rising preference for sustainable fish products in key markets such as Germany, the UK, and France is expected to propel the demand for sustainable frozen fish. In 2022, the average import price for frozen fish reached $5,069 per ton, marking a notable increase of 6.9% from the previous year. Over the past decade, the average annual growth rate stood at +1.5%, with the most rapid increase observed in 2017 at 7.7%. Further, the German Frozen Seafood Packaging Market held the largest market share, and the UK Frozen Seafood Packaging Market was the fastest-growing market in the European region

The Asia-Pacific Frozen Seafood Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. The Asia-Pacific market is undergoing a shift from traditional homemade meals to a preference for frozen food, driven by the increasing number of women in the workforce. The surge in popularity of fast-food chains, particularly in countries like India, China, Thailand, Vietnam, and others, is amplifying the demand for frozen meat, seafood, vegetables, fruits, and potatoes in comparison to developed markets. This trend is a significant driver for the growth of the frozen food packaging industry. As of 2024, there are 1,436 Frozen Food Production businesses in China, reflecting a 7.4% increase from 2023. The emerging economies in the region present substantial potential for the expansion of the frozen food packaging market, thereby fostering overall market growth. Moreover, China’s Frozen Seafood Packaging Market held the largest market share, and the Indian Frozen Seafood Packaging Market was the fastest-growing market in the Asia-Pacific region.

Frozen Seafood Packaging Market Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Frozen Seafood Packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Frozen Seafood Packaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Frozen Seafood Packaging industry to benefit clients and increase the market sector. In recent years, the Frozen Seafood Packaging industry has offered some of the most significant advantages to the preservation and distribution of seafood products. Major players in the Frozen Seafood Packaging Market, including Amcor, Crown Holdings, Genpak, Sealed Air, Ardagh Group, Berry Group, DuPont, DS Smith, LINPAC, and Mondi Group are attempting to increase market demand by investing in research and development operations.

Amcor Plc is a leading provider of packaging solutions, offering a diverse range of plastic, fiber, metal, and glass packaging products. Their extensive product line includes PET bottles, plastic bottles and jars, capsules and closures, specialty folding cartons, free films, bags and pouches, wrappers, rigid containers, laminates, and flow packs. Amcor's packaging solutions cater to various industries such as beverages, food, pharmaceuticals, medical devices, home care, personal care, pet care, specialty cartons, and other technical applications. The company not only serves markets like medical devices, healthcare, pharmaceuticals, personal care, and home products but also has a global presence, with operations in Europe, Asia Pacific, North America, and Oceania. Headquartered in Warmley, England, UK, Amcor made a significant move in 2022 by acquiring Bemis Company Inc., a major player in the packaging industry. This strategic acquisition has notably expanded Amcor's product portfolio and global reach, solidifying its position as a leading provider of comprehensive packaging solutions.

Crown Holdings Inc (Crown) is a leading provider of comprehensive packaging solutions, specializing in the design, manufacturing, and distribution of metal packaging products for consumer goods. The company's diverse product portfolio encompasses beverage cans, glass bottles, food cans and closures, aerosol cans, specialty packaging products, and transit packaging. In addition to consumer goods, Crown also offers industrial products, including paper-based protective packaging, steel and plastic strap consumables, and plastic film consumables. Crown caters to various markets, serving industries such as food, beverages, industrial, personal care, luxury goods, metals, promotional, and household markets. The company conducts its operations through an extensive network of manufacturing plants and sales service centers located across the Americas, Europe, the Middle East, and Asia-Pacific. Headquartered in Yardley, Pennsylvania, USA, Crown is a prominent player in the packaging industry

Key companies in the Frozen Seafood Packaging Market include

• Amcor


• Crown Holdings


• Genpak


• Sealed Air


• Ardagh Group


• Berry Group


• DuPont


• DS Smith


• LINPAC


• Mondi Group

Frozen Seafood Packaging Industry Developments

February 2021: In February 2021, ProAmpac introduced the ProActive Recyclable R-2000F, featuring innovative technology aimed at supporting the brand's sustainability objectives. This packaging solution offers superior heat resistance, robust sealant technology, and exceptional dimpling resistance, positioning it as an optimal alternative for gusseted frozen food packaging traditionally made from non-recyclable PET/PE or OPP/PE laminations.

November 2020: In November 2020, Toppan Printing, a prominent player in the global packaging industry, unveiled a novel flexible packaging material featuring GL BARRIER. This barrier film, developed through innovative vapor decomposition and coating technologies, effectively minimizes oxidation. Consequently, it aids in preventing issues such as discoloration, alterations in food texture, and flavor loss when compared to conventional packaging methods.

Frozen Seafood Packaging Market Segmentation:

Frozen Seafood Packaging Market Type Outlook

• Flexible Packaging


• Rigid Packaging

Frozen Seafood Packaging Market Application Outlook

• Frozen Fish


• Frozen Shrimp


• Frozen Shellfish


• Others

Frozen Seafood Packaging Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America