GlobalSeafood packaging market was valued US$ XX Mn in 2019 and is expected toreach US$ XX Mn by 2027, at a CAGR of 5.4% during a forecast period. SeafoodPackaging Market looks favorable throughout the forecast period owing to themain fuelling factors like government initiatives towards food safety…
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Global Seafood packaging marketDynamics
The Research Report gives adetailed account of the drivers and restraints in the seafood packaging market.The seafood packaging market is projected to grow because of the increasingdemand for seafood. People are gradually demanding seafood both in fresh andprocessed forms. This is providing profitable chances for prominent packagingproviders in the global market. The upsurge in demand for seafood is because oftheir increasing usage in commercial cookeries and dishes around the globe.Currently, many restaurants and hotels are favoring to buying fresh seafoodrather than the frozen to serve better to their consumers. This helps to fuelthe growth of the seafood packaging market.
The introduction of the latesttechnology that is catering to the necessities of the end-users. Seafood is atremendous source of vitamins, proteins, and minerals, which provides manyhealth benefits. It provides essential fatty acids that help to decrease therisk of cardiovascular diseases and contribute to brain and vision development.The upsurge in awareness related to the health benefits regarding the seafoodpropelling the growth of the seafood packaging market.However, High costsrelated to some of the current and newer packaging technologies are alsoprojected to hinder the growth of the seafood packaging market.
The report study has analyzedrevenue impact of covid-19 pandemic on the sales revenue of market leaders,market followers and disrupters in the report and same is reflected in ouranalysis.
Global Seafood Packaging MarketSegment analysis
Based on Technology, the modifiedatmosphere packaging segment is expected to grow at a CAGR of XX% during theforecast period 2020-2027. Modified Atmosphere Packaging (MAP) is a techniqueused for prolonging the shelf-life period of fresh or slightly processed foods.In this preservation technique, the air surrounding the food in the package is alteredto another composition. By this technique, the initial fresh state of theproduct may be prolonged. It is reported that there is a considerable increaseof up to two or even three-fold in the shelf-life of fish packed in themodified atmosphere compared to that of fish packed in air. Usually, higherinitial CO2 levels types of products, where the combination of gases in thepackage hinge on the storage temperature, type of product, and packagingmaterials. Fish need very low gas permeability films so for non-respiringproducts like meat, and fish, high barrier films are used.
Global Seafood Packaging MarketRegional analysis
The Asia Pacific region wasdominating with US$ XX Mn in 2019 because of rising export of scallops,oysters, and squids around the world. Asia-Pacific is one of the main andlargest developing seafood markets in the world. China is a high growth marketand it has the capacity to wage more for best and high-quality seafoodtherefore impelling the growth of the market. In countries like India, fishfarming is a lucrative and fruitful commercial business. China only accountedfor nearly 35% of the global market share in 2019.
Global Seafood packaging marketRecent Developments and Acquisitions
• On January 21, 2020 – Sealed AirCorporation the original inventor of BUBBLE WRAP, has launched a new version ofBUBBLE WRAP brand packaging material that is made with at least 90 percentrecycled content.
• In May 1, 2019 – Sealed AirCorporation announced that they had signed a definitive agreement to acquireAutomated Packaging Systems, Inc. (APS), a leading manufacturer ofhigh-reliability, automated bagging systems, for a purchase price of $510 Mn ona cash and debt free basis.
• In February 11, 2019 - Sealed AirCorporation had acquired MGM’s flexible packaging business. MGM is a privatelyheld company headquartered in Manila, the Philippines.
The objective of the report is topresent a comprehensive analysis of the Global Seafood Packaging Marketincluding all the stakeholders of the industry. The past and current status ofthe industry with forecasted market size and trends are presented in the reportwith the analysis of complicated data in simple language. The report covers allthe aspects of the industry with a dedicated study of key players that includesmarket leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis withthe potential impact of micro-economic factors of the market have beenpresented in the report.
External as well as internalfactors that are supposed to affect the business positively or negatively havebeen analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps inunderstanding Global Seafood Packaging Market dynamics, structure by analyzingthe market segments and project the Global Seafood Packaging Market size. Clearrepresentation of competitive analysis of key players by Application, price,financial position, Product portfolio, growth strategies, and regional presencein the Global Seafood Packaging Market make the report investor’s guide.
Scope of the Global SeafoodPackaging Market : Inquire before buying
Global Seafood Packaging Market, ByProduct Type
• Flexible Packaging
• Rigid Packaging
Global Seafood Packaging Market, ByTechnology
• Modified Atmosphere Packaging
• Vacuum Packaging
• Others
Global Seafood Packaging Market, ByMaterial
• Plastic
o High Density Polyethylene (HDPE)
o Low Density Polyethylene (LDPE)
o Polypropylene (PP)
o Polyamide (PA)
o Polyethylene Terephthalate (PET)
o Poly Vinyl Chloride (PVC)
• Paper & Paperboard
o Metal
o Glass
o Others (Fiber, Wood, etc.)
Global Seafood Packaging Market, ByApplication
• Fresh and Frozen Products
• Processed Products
• Ready-to Eat Products
Global Seafood Packaging Market, byRegions
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa (MEA)
Key Players operating the GlobalSeafood Packaging Market
• Sealed Air
• DS Smith
• Bemis (Amcor)
• Pactiv (Reynolds)
• Berry Global
• Constantia Flexibles (Wendel)
• Winpak
• Coveris
• Clondalkin Group
• Cascades
• DOW
• Smurfit Kappa
• Victory Packaging
• AEP Industries Inc.
• Amcor plc
• Crown
• Silgan Holdings Inc.
• SIRANE GROUP
• Printpack
• FFP Packaging Ltd.
• ULMA Packaging
For More Information Vist : https://www.maximizemarketresearch.com/market-report/global-seafood-packaging-market/54412/
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